SEC's Lack of Security Measures Raises Concerns

The recent hacking of the Securities and Exchange Commission's (SEC) Twitter account highlights the agency's lack of basic security measures. When the hacked account falsely announced the approval of Bitcoin ETFs, it resulted in a temporary rise in the price of Bitcoin, followed by a fall when the SEC revealed the hack. This incident raises questions about the SEC's ability to protect private parties while mandating rules for consumer protection. It also exposes the agency's hypocrisy in enforcing stringent cybersecurity requirements on entities it regulates, yet failing to secure its own social media platforms.