Wall Street Counterattack on Gary Gensler Hits SEC’s Foundations (1)

Thefake news, supposedly from the SEC, arrived at precisely 4:11 pm. The real news, from Gary Gensler, came 15 minutes later.

The official X account of the Securities and Exchange Commission somehow had been hacked, the SEC chair tweeted flatly from his personal account. An earlier post on @SECGov, claiming the commission had approved several Bitcoin investment products, was false — possibly a ploy to manipulate the cryptocurrency.

“MY DUDE HOW ARE YOU GOING TO PROTECT CRYPTO INVESTORS WHEN YOU CAN’T EVEN PROTECT YOUR TWITTER ACCOUNT,” came one reply to @garygensler.

It wasn’t how Gensler, a longtime ...