U.S. senators request the SEC to provide a report to Congress on the X account violations, with a deadline set for January 15

2024-01-10 14:16:48
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ChainCatcher news, according to CoinTelegraph, two U.S. senators have requested that the U.S. Securities and Exchange Commission (SEC) provide a report to Congress regarding the X account violation that occurred on January 9. Senators J.D. Vance and Thom Tillis described this incident in a letter to SEC Chairman Gary Gensler as a "serious concern" regarding the commission's internal cybersecurity procedures. They pointed out that this incident is contrary to the commission's threefold mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.

The senators expressed concern over the hacking incident, stating that it has caused "widespread confusion," and therefore requested that the SEC provide a report to Congress about this event, mentioning the recently finalized rules regarding cybersecurity disclosures. The letter was sent on January 9 (U.S. time), which sets the proposed deadline for January 15. The letter reminded the SEC that, as required, all companies must disclose any impact on their business within four days of a cybersecurity incident.

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