• Home
  • Motorcycles
  • Electric Motorcycles
  • 3 wheelers
  • FUV Electric 3 wheeler
  • Shop
  • Listings

Subscribe to Updates

Get the latest creative news from CycleNews about two, three wheelers and Electric vehicles.

What's Hot

A Neuralink Rival Just Tested a Brain Implant in a Person

MSI Titan 18 HX AI Review: The Ultimate Gaming Laptop

Cortech Versa-Flo Jacket Review

Facebook Twitter Instagram
  • Home
  • Motorcycles
  • Electric Motorcycles
  • 3 wheelers
  • FUV Electric 3 wheeler
  • Shop
  • Listings
Facebook Twitter Instagram Pinterest
Cycle News
Submit Your Ad
Cycle News
You are at:Home » Lawmakers Are Out for Blood After a Hack of the SEC’s X Account Causes Bitcoin Chaos
Electric Motorcycles

Lawmakers Are Out for Blood After a Hack of the SEC’s X Account Causes Bitcoin Chaos

cycleBy cycleJanuary 10, 202403 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


In their letter, Vance and Tillis set a deadline of January 23 for the SEC to elucidate its plans to investigate what happened, among other things.

In a statement, the SEC said it will “work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both the unauthorized access and any related misconduct,” but provided no further specifics.

In practice, an “alphabet soup of investigations” is likely to ensue, according to John Stark, who served for 18 years as an attorney at the SEC. Those investigations will likely involve separate inquiries conducted by the SEC itself, the US Department of Justice—which will focus on identifying the hacker—and potentially other regulatory bodies. The DOJ did not respond to a request for comment.

The SEC’s internal investigation, says Stark, will likely be conducted by the Office of the Inspector General, independent to the rest of the agency, and will focus instead on any “staff misconduct” that might have enabled the security breach. The findings of what is likely to be a “robust investigation” will be provided to Congress, he says, but not for a number of months.

In July, the SEC imposed new rules on companies that register with the agency, requiring them to disclose material cybersecurity incidents and their “nature, scope, and timing” within four business days. The SEC did not respond when asked whether it will make a preliminary disclosure of this kind.

In the aftermath of the security breach, Gensler—something of a cartoon villain in crypto circles due to his agency’s aggression toward the industry—has faced mockery and calls for his resignation among crypto personalities on X.

It is unlikely, though, says industry analyst Noelle Acheson, formerly of crypto brokerage Genesis, that Gensler will be forced to resign. “I can’t see him letting go of the job,” she says, “unless it’s pried from his grasp.”

“The Twitterverse has been calling for Gensler’s resignation forever. But this isn’t the kind of thing you resign for,” says Stark. “At worst, SEC staff will be found to be guilty of the same thing as a lot of companies: sloppiness with respect to cybersecurity.”

Though an organization like the SEC should be expected to uphold tight security stands, says Stark, who currently works as a cybersecurity consultant, it is impossible to prevent all breaches. “You can do everything you can to stop them,” he says. “But sooner or later, some person screws up.”





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleA US-Sanctioned Oligarch Ran Pro-Kremlin Ads on Facebook—Again
Next Article There’s a Huge Covid Surge Right Now and Nobody Is Talking About It
cycle
  • Website

Related Posts

A Neuralink Rival Just Tested a Brain Implant in a Person

June 2, 2025

MSI Titan 18 HX AI Review: The Ultimate Gaming Laptop

June 2, 2025

Cortech Versa-Flo Jacket Review

June 2, 2025
Add A Comment

Leave A Reply Cancel Reply

You must be logged in to post a comment.

Demo
Top Posts

A Neuralink Rival Just Tested a Brain Implant in a Person

June 2, 2025

The urban electric commuter FUELL Fllow designed by Erik Buell is now opening orders | thepack.news | THE PACK

July 29, 2023

2024 Yamaha Ténéré 700 First Look [6 Fast Facts For ADV Riding]

July 29, 2023
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest Reviews

Subscribe to Updates

Get the latest tech news from FooBar about tech, design and biz.

Demo
Most Popular

A Neuralink Rival Just Tested a Brain Implant in a Person

June 2, 2025

The urban electric commuter FUELL Fllow designed by Erik Buell is now opening orders | thepack.news | THE PACK

July 29, 2023

2024 Yamaha Ténéré 700 First Look [6 Fast Facts For ADV Riding]

July 29, 2023
Our Picks

wBW Weekly News Round-Up: June 7-13 Edition

7 Best Sleeping Pads (2024): For Camping, Backpacking, and Travel

Toyota’s Robots Are Learning to Do Housework—By Copying Humans

Subscribe to Updates

Get the latest news from CycleNews about two, three wheelers and Electric vehicles.

© 2025 cyclenews.blog
  • Home
  • About us
  • Get In Touch
  • Shop
  • Listings
  • My Account
  • Submit Your Ad
  • Terms & Conditions
  • Stock Ticker

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