Bitcoin Spikes After Message SEC’s Gensler Called ‘Unauthorized’

Bitcoin briefly jumped to near $48,000 after a message posted on the Securities and Exchange Commission's account on X said the agency had approved the listing of exchange-traded funds that hold the cryptocurrency. SEC Chairman Gary Gensler and the SEC both [said on the social network](https://twitter.com/GaryGensler/status/1744833049064288387) that it was "unauthorized" and the agency "has not approved the listing and trading of spot bitcoin exchange-traded products." + An SEC decision [is expected tomorrow](https://ift.tt/5E9c7k4).