Blockchain News

Rumors of SEC Chair Gary Gensler’s Resignation Circulate, AI Implicated

False rumors have once again been spreading regarding the resignation of United States Securities and Exchange Commission (SEC) Chair Gary Gensler, and this time, artificial intelligence appears to be involved.

On July 1, a news story surfaced on a website called “,” claiming that SEC Chair Gary Gensler had “submitted his resignation following an internal investigation,” citing an anonymous official. However, upon closer examination, it becomes apparent that the website is relatively new, with only 17 posts in total, the earliest of which dates back to June 22nd. Moreover, most of the articles on the site appear to have been heavily generated using artificial intelligence, scoring approximately 70% with ZeroGPT.

In addition to the suspicious nature of the website, a search on the internet archive Wayback Machine revealed that the ownership of the domain “” was updated on June 24 at 4:30 PM. Despite these red flags, numerous accounts reposted the content on Twitter. Notably, an account called @whalechart posted about it, garnering 1.4 million views at the time of publication.

However, on July 3, Fox Business Network reporter Charles Gasparino confirmed in a tweet that Gary Gensler is not resigning, having received a response from the SEC.

This is not the first time rumors of Gensler’s resignation have circulated. On April 20, claims that he was on the verge of being “fired” were spread by questionable sources.

Interestingly, on June 12, U.S. lawmakers introduced a new bill to the House of Representatives called the “SEC Stabilization Act.” One of the main provisions of this bill aimed to remove Gensler from his position, labeling him a “tyrannical Chairman.”

The recent rumors regarding SEC Chair Gary Gensler’s resignation are baseless and unfounded. The involvement of artificial intelligence in generating false news story raises concerns about the spread of misinformation in today’s digital age. It is essential to verify the credibility of sources and exercise caution when encountering sensational claims.


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