Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»US lawmakers demand investigation into SEC security practices after breach
U.S. lawmakers demand investigation into SEC’s security practices following breach
Regulation

US lawmakers demand investigation into SEC security practices after breach

2024-01-12No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Senators Ron Wyden and Cynthia Lummis requested an investigation from the U.S. Securities and Exchange Commission (SEC) in a letter on January 11.

The two lawmakers asked the SEC Inspector General Deborah Jeffrey to open an investigation into a security breach that occurred two days earlier, as well as the agency’s failure to follow best cybersecurity practices.

The breach allowed an unknown party to illegally access the SEC’s X account and post a false announcement suggesting that the agency had approved a spot Bitcoin ETF. Although the SEC did approve ETFs of that type a day later, the agency said the original report was false and confirmed the breach.

Senators said the SEC should have used multi-factor authentication and phishing-resistant hardware tokens (i.e. security keys). They asked that the investigation focus on these issues and identify any other safety gaps. Senators requested an update on the investigation by February 12, 2024.

Did the SEC break rules?

Senators Wyden and Lummis did not suggest that the SEC had broken any specific rules by making the mistakes that enabled the breach.

The two senators noted that the White House Office of Management and Budget (OMB) issued a memo in January 2022 requiring agencies to use multi-factor authentication and security keys. While they acknowledged that this policy does not apply to social media websites, they said the memo makes clear that such features are necessary to protect against attacks.

Senators have not suggested that the SEC has violated certain rules that require companies to disclose violations of securities laws. Senators, however, implied hypocrisy on this issue, calling the SEC’s failures “inexcusable, especially given the agency’s new cybersecurity disclosure requirements.”

See also  Trump, Atkins and a New SEC – How 2025 Could Be the Defining Year for Bitcoin and Crypto

Senators also highlighted the “clear potential” for market manipulation in their complaint. Bitcoin indeed saw sudden losses when the SEC revealed the false nature of the announcement. The price of Bitcoin (BTC) fell from $46,865 to $45,415 within two hours of 9:00 PM UTC on January 9, marking a loss of around 3%.

Despite the critical nature of the SEC’s failures, the lack of specific violations makes it unclear what consequences the agency could face.

Source link

breach Demand Investigation lawmakers practices SEC Security
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

2025-05-18

Chainware and Karatdao work together to redefine security and identity in chains

2025-05-18

Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

2025-05-18
Add A Comment

Comments are closed.

Top Posts

XRP – Price can regain the momentum – is a bullish reversal in sight?

2025-04-15

​'Hey Mark Zuckerberg, get out of my head!'

2023-07-28

Bitcoin will reach $180,000 if these top indicators are missing: VanEck

2024-12-17
Editors Picks

Does SushiSwap’s Rising Demand Mark an Impending Bull Run?

2023-09-26

One of England’s oldest central banks gives companies until March 2025 to disclose cryptocurrency exposure

2024-12-13

DMarket & Guild of Guardians lead by sheer numbers

2024-11-01

Newconomics Podcast launches with insightful discussions on the future of blockchain and Web3

2024-04-30
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

All the reasons why the price of Bitcoin could be set for an explosive rally

XRP – Price is struggling to keep the ground – breakdown or breathing break?

Ethereum revise the market signs of December 2024 – This is what it means for you

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,334.08-1.07%
  • ethereumEthereum(ETH)$2,366.10-5.24%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.30-3.23%
  • binancecoinBNB(BNB)$635.88-1.26%
  • solanaSolana(SOL)$160.77-5.09%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.215896-1.81%
  • cardanoCardano(ADA)$0.72-5.02%
  • tronTRON(TRX)$0.262519-3.49%
  • suiSui(SUI)$3.68-3.71%
  • chainlinkChainlink(LINK)$14.97-3.96%
  • avalanche-2Avalanche(AVAX)$21.40-5.84%
  • stellarStellar(XLM)$0.278901-3.61%
  • hyperliquidHyperliquid(HYPE)$25.69-4.30%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.95%
  • unus-sed-leoUNUS SED LEO(LEO)$8.57-1.17%
  • hedera-hashgraphHedera(HBAR)$0.187143-3.05%
  • the-open-networkToncoin(TON)$3.04-2.03%
  • bitcoin-cashBitcoin Cash(BCH)$379.16-5.04%
  • litecoinLitecoin(LTC)$94.97-3.05%
  • polkadotPolkadot(DOT)$4.45-5.28%
  • moneroMonero(XMR)$342.16-0.20%
  • bitget-tokenBitget Token(BGB)$5.04-0.88%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.0000130.16%
  • piPi(PI)$0.73-0.79%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.70-3.14%
  • bittensorBittensor(TAO)$394.98-7.56%
  • nearNEAR Protocol(NEAR)$2.67-2.81%
  • aaveAave(AAVE)$213.74-4.96%
  • okbOKB(OKB)$51.89-2.03%
  • aptosAptos(APT)$4.88-5.59%
  • ondo-financeOndo(ONDO)$0.89-3.80%
  • kaspaKaspa(KAS)$0.104445-5.33%
  • internet-computerInternet Computer(ICP)$5.02-4.11%
  • ethereum-classicEthereum Classic(ETC)$17.49-4.65%
  • gatechain-tokenGateToken(GT)$21.42-0.92%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.63-2.89%
  • crypto-com-chainCronos(CRO)$0.094766-3.77%
  • mantleMantle(MNT)$0.73-0.18%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229245-3.09%
  • vechainVeChain(VET)$0.027069-4.09%
  • render-tokenRender(RENDER)$4.34-5.70%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • ethenaEthena(ENA)$0.351817-7.33%
  • filecoinFilecoin(FIL)$2.75-3.39%
  • cosmosCosmos(ATOM)$4.69-1.62%
  • algorandAlgorand(ALGO)$0.212350-3.25%
  • bitcoinBitcoin(BTC)$102,334.08-1.07%
  • ethereumEthereum(ETH)$2,366.10-5.24%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.30-3.23%
  • binancecoinBNB(BNB)$635.88-1.26%
  • solanaSolana(SOL)$160.77-5.09%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.215896-1.81%
  • cardanoCardano(ADA)$0.72-5.02%
  • tronTRON(TRX)$0.262519-3.49%
  • suiSui(SUI)$3.68-3.71%
  • chainlinkChainlink(LINK)$14.97-3.96%
  • avalanche-2Avalanche(AVAX)$21.40-5.84%
  • stellarStellar(XLM)$0.278901-3.61%
  • hyperliquidHyperliquid(HYPE)$25.69-4.30%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.95%
  • unus-sed-leoUNUS SED LEO(LEO)$8.57-1.17%
  • hedera-hashgraphHedera(HBAR)$0.187143-3.05%
  • the-open-networkToncoin(TON)$3.04-2.03%
  • bitcoin-cashBitcoin Cash(BCH)$379.16-5.04%
  • litecoinLitecoin(LTC)$94.97-3.05%
  • polkadotPolkadot(DOT)$4.45-5.28%
  • moneroMonero(XMR)$342.16-0.20%
  • bitget-tokenBitget Token(BGB)$5.04-0.88%
  • daiDai(DAI)$1.00-0.02%
  • pepePepe(PEPE)$0.0000130.16%
  • piPi(PI)$0.73-0.79%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.70-3.14%
  • bittensorBittensor(TAO)$394.98-7.56%
  • nearNEAR Protocol(NEAR)$2.67-2.81%
  • aaveAave(AAVE)$213.74-4.96%
  • okbOKB(OKB)$51.89-2.03%
  • aptosAptos(APT)$4.88-5.59%
  • ondo-financeOndo(ONDO)$0.89-3.80%
  • kaspaKaspa(KAS)$0.104445-5.33%
  • internet-computerInternet Computer(ICP)$5.02-4.11%
  • ethereum-classicEthereum Classic(ETC)$17.49-4.65%
  • gatechain-tokenGateToken(GT)$21.42-0.92%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.63-2.89%
  • crypto-com-chainCronos(CRO)$0.094766-3.77%
  • mantleMantle(MNT)$0.73-0.18%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229245-3.09%
  • vechainVeChain(VET)$0.027069-4.09%
  • render-tokenRender(RENDER)$4.34-5.70%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • ethenaEthena(ENA)$0.351817-7.33%
  • filecoinFilecoin(FIL)$2.75-3.39%
  • cosmosCosmos(ATOM)$4.69-1.62%
  • algorandAlgorand(ALGO)$0.212350-3.25%