<div class="protos">
 <div>
 <div>
 <div>
 The official government website for the US Securities and Exchange Commission (SEC) went offline late Thursday evening. Reports of the outage reached X (formerly Twitter) as early as 10:24 pm New York time. The site remained offline hours later.
 Prior to the <a rel="noopener noreferrer nofollow" title="website" href="https://thebittimes.com/tag/website.html">website</a> outage, <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> was trading around $71,200. While the <a rel="noopener noreferrer nofollow" title="website" href="https://thebittimes.com/tag/website.html">website</a> was <a rel="noopener noreferrer nofollow" title="offline" href="https://thebittimes.com/tag/offline.html">offline</a>, <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a>ed below $66,800 on Bitstamp. That 6.5% decline wiped out over $80 billion in market capitalization within two hours.
 To be clear, although the price crash correlated curiously with the SEC website outage, the exact causes of bitcoin’s dramatic decline are indeterminate.
 The SEC is the world’s most powerful securities regulator with jurisdiction over trillions of dollars in publicly traded securities. Its commissioners have Congressionally authorized oversight over quadrillions of dollars worth of securities transactions annually and its website provides official statements and filings relating to corporate disclosures, enforcement actions, educational information, and ongoing lawsuits.
 The SEC has also asserted jurisdiction over many assets in the crypto industry, designating many tokens as unregistered securities.
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/03/15/c164a2195d9bdeb49bac292eb4432c7e.webp" alt class="wp-image-62695" srcset="https://cdn.thebittimes.com/images/2024/03/15/c164a2195d9bdeb49bac292eb4432c7e.webp 1024w, https://cdn.thebittimes.com/images/2024/03/15/c164a2195d9bdeb49bac292eb4432c7e.webp 300w, https://cdn.thebittimes.com/images/2024/03/15/c164a2195d9bdeb49bac292eb4432c7e.webp 768w, https://cdn.thebittimes.com/images/2024/03/15/c164a2195d9bdeb49bac292eb4432c7e.webp 1536w, https://cdn.thebittimes.com/images/2024/03/15/c164a2195d9bdeb49bac292eb4432c7e.webp 1200w, https://cdn.thebittimes.com/images/2024/03/15/c164a2195d9bdeb49bac292eb4432c7e.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
 Read more: Crypto reacts to SEC’s dramatic spot bitcoin ETF approvals
 The <a rel="noopener noreferrer nofollow" title="SEC" href="https://thebittimes.com/tag/sec.html">SEC</a>’s X account remained online during the <a rel="noopener noreferrer nofollow" title="website" href="https://thebittimes.com/tag/website.html">website</a> outage. The account did not acknowledge the outage for at least two hours following the outage.
 Although not commonplace, there are historical examples of US government website outages. Indeed, Justice.gov, WhiteHouse.gov, HealthCare.gov, USA.gov, and NASA.gov have experienced lengthy outages in the past.
 As of 1 am New York time, the website was still offline and neither the SEC, Gary Gensler, or Hester Peirce had commented about the website outage on X. (Three SEC Commissioners do not have X accounts: Mark Uyeda, Jaime Lizárraga, and Caroline Crenshaw.)
 Got a tip? Send us an email or ProtonMail. For more informed news, follow us on X, Instagram, Bluesky, and Google News, or subscribe to our YouTube channel.
 </div>
 </div>
 </div>
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-website-taken-offline-precedes-bitcoin-price-crash-tbt82616.html">https://thebittimes.com/sec-website-taken-offline-precedes-bitcoin-price-crash-tbt82616.html</a>

SEC website taken offline, precedes bitcoin price crash

TheBitTimes

Other articles published on Mar 15, 2024

Solana gained while the market fell – How and why?

Ripple v. SEC case update: Timeline revealed for crucial XRP briefing

Polkadot SDK for Unity Streamlines Web3 Game Development on Interoperable Blockchain

Long-Term Crypto Investors Advised to Include These 3 Key Tokens in Their Portfolio

Bitcoin Price Stabilization: Analysts Point to Key Levels for Investors

Luxury Fashion Embraces AI: A Revolution Unfolds

Join our free newsletter for daily crypto updates!