False Reports Of SEC Chair Gary Gensler’s Resignation Circulate

This is not the first time rumors about Gensler's resignation have circulated.

Rumors about the resignation of Gary Gensler, the chair of the United States Securities and Exchange Commission (SEC), have once again been circulating.

Interestingly, artificial intelligence seems to have played a role in spreading these false claims.

On July 1, an article appeared on a website called “thecryptoalert.com,” stating that Gary Gensler had resigned following an internal investigation, citing an anonymous official as the source.

However, further investigation by Cointelegraph revealed that the text of the article was generated by an AI model, as indicated by the high score of 96.8% on the AI-detector ZeroGPT.

Upon examining the website, it became apparent that it was relatively new, with only 17 posts in total, the earliest of which was published on June 22nd.

Most of these articles also exhibited signs of being generated by artificial intelligence, with ZeroGPT scoring them around 70%.

Furthermore, a search on the internet archive Wayback Machine revealed that the ownership of the website’s domain, “thecryptoalert.com,” was updated on June 24 at 4:30 PM.

Despite these indicators, several Twitter accounts reposted the content, with one particular post by the account @whalechart gaining significant traction, garnering 1.4 million views.

However, on July 3, Fox Business Network reporter Charles Gasparino confirmed through a tweet that Gary Gensler is not resigning, after allegedly reaching out to the SEC for clarification.

This is not the first time rumors about Gensler’s resignation have circulated. On April 20, questionable sources spread claims that he was about to be “fired.”

Then, on June 12, U.S. lawmakers introduced a bill known as the “SEC Stabilization Act” to the House of Representatives, which included a provision seeking to remove Gensler from his position, accusing him of being a “tyrannical Chairman.”

In conclusion, false rumors of Gary Gensler’s resignation as SEC chair have been circulating once again.

These rumors were propagated through an article generated by an AI model on a relatively new website.

However, it has been confirmed that Gensler is not resigning, and these rumors are reminiscent of previous attempts to undermine his position.

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