SEC Chair Gary Gensler asserted that the agency "takes its cybersecurity obligations seriously" and that Commission staff recognize that the recent hack of the SEC's "X" account by an unauthorized party raises "concerns about the security of the SEC's social media accounts."
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House Financial Services Committee Chair Patrick McHenry demanded that the SEC explain the breach of its X (Twitter) account that resulted in a false post stating that Bitcoin ETFs were approved to be listed on all registered national securities exchanges.
The CFTC Division of Enforcement established a Cybersecurity and Emerging Technologies Task Force and an Environmental Fraud Task Force.
CFTC Chair Rostin Behnam requested an annual budget of $411 million for fiscal year 2024 to support enforcement, market oversight, clearing and risk and to expand the agency's ability to collect and analyze market and industry data.
Chief Data Officer ("CDO") Austin Gerig outlined the SEC data strategy for fiscal years 2022 through 2026.