The U.S. Securities and Exchange Commission has confirmed that an unauthorized party gained access to its X.com account and made a false announcement claiming the regulator had approved a spot bitcoin exchange-traded fund. The SEC stated that the party gained access by taking control of the phone number associated with the account. While the SEC is still assessing the scope of the incident, there is currently no evidence that the unauthorized party gained access to SEC systems, data, devices, or other social media accounts. The SEC is coordinating with law enforcement and federal oversight entities in their investigations and will provide updates on the incident as appropriate.