By Mayowa Adebajo
Edited by Julia Sakovich
Updated
2 min read
Rumors of Gensler resigning might gradually be becoming a thing as this isn’t the first time such would be making the rounds.
The United States Securities and Exchange Commission (SEC) chair Gary Gensler is rumored to have penned his resignation letter. According to a news story that made its way to the “thecryptoalert.com” website on July 1, Gensler resigned following an internal investigation. However, it appears that the report on the resignation of Gary Gensler is merely a made-up one and artificial intelligence (AI) may have played a vital role in its creation.
Coinspeaker found in independent research that the original article’s text scores a 96.8% on third-party AI-detector ZeroGPT. This points to the fact that the content must have employed a high degree of AI text generation.
Additionally, the website is new. It has published only 17 posts so far, the first of which was published just over a week ago. And it might be interesting to note that every single post on the website also used AI significantly. To put the above statement into perspective, each post averages about a 70% score on ZeroGPT.
The story about Gary Gensler relinquishing his position as SEC chair has once again highlighted the dangers of AI. And misinformation is one such danger.
The rumor has quickly spread like wildfire, especially on crypto Twitter. Several prominent Twitter accounts have also shared the content, including an account called @whalechart. As of publication, @whalechart’s post has garnered over 3,700 retweets and 1,000 comments.
Meanwhile, Fox Business Network reporter Charles Gasparino has now gotten word from SEC PR about the situation. He tweeted on July 3, saying:
“Breaking: As expected @SECGov PR says @GaryGensler is not resigning.”
Rumors of Gensler resigning might gradually be becoming a thing as this isn’t the first time such would be making the rounds. On April 20, there were unconfirmed reports about Gensler putting his house in order as he awaits the termination of his appointment.
More recently, Coinspeaker reported that some US lawmakers have introduced the “SEC Stabilization Act” to the House of Representatives. And one of the major provisions of the new bill sought to fire Gensler for his tyrannical approach to crypto regulation.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
