Two-Year Prison Sentence Sought for Spreading False Bitcoin ETF Tweet

The U.S. government has filed a request for a two-year prison sentence against Eric Council Jr., who spread false information about a Bitcoin spot ETF approval on social media platform X (formerly Twitter). This misinformation caused significant market disruption, with the value of Bitcoin plunging immediately after the fake news was disseminated. The government aims to deter similar incidents by emphasizing that spreading false information carries serious consequences.