How did this happened : as with many magical tricks, the magician (here the perpetuator of this fake new campaign, whose aim was probably to short BTC and alts, but this is another story), simply used another legit news about Ethereum and SEC (from the Wall Street Journal) to arise interest about a potential regulation coming on crypto currencies and specifically Ethereum.

Then, the worm was in the apple. The confusion between the real regulator interest and the fake SEC hearing was sufficient to make people believe this was the same story

I didn’t managed to get to the source of the fake news, but I found a few tricks the perpetrator used :

https://www.banking.senate.gov/hearings/watch?hearingid=D8EC44B1-F141-4778-A042-584E0F3B9D39 Video for the hearing to come about virtual currencies

This screen shot, come from a video from the United States Senate committee hearing channel, it’s legit

So how can this still be a fake news ?