The U.S. Securities and Exchange Commission (SEC) is facing controversy after a hacking incident resulted in false information about Bitcoin ETFs being disseminated. This has raised concerns about market manipulation and the need for an internal investigation. The SEC's official account was compromised, leading to the release of a false statement that caused a brief surge in Bitcoin's value before plummeting once the SEC clarified that the tweet was false and the account had been hacked. The incident has highlighted potential weaknesses in the SEC's cybersecurity measures and may impact the decision-making process regarding Bitcoin ETFs.