Gary Gensler’s resignation rumor highlights AI’s flaws.

The chair of the United States Securities and Exchange Commission (SEC), Gary Gensler, is rumored to have written his resignation letter. According to a news story published on the website “thecryptoalert.com” on July 1, Gensler resigned following an internal investigation. However, it seems that the report about Gary Gensler’s resignation is likely fake and artificial intelligence (AI) may have played a significant role in its creation.

Independent research conducted by Blockchain found that the original article’s text scores 96.8% on the third-party AI-detector ZeroGPT. This indicates that the content likely utilized a high degree of AI-generated text.

In addition, the website itself is relatively new, having published only 17 posts so far, with the first post being published just over a week ago. It’s worth noting that every single post on the website also heavily relies on AI. To put this into perspective, each post on average scores around 70% on ZeroGPT.

The Dangers of Artificial Intelligence (AI) Revealed

This story about Gary Gensler stepping down as SEC chair once again highlights the dangers of AI, particularly when it comes to spreading misinformation.

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The rumor quickly spread like wildfire, especially on crypto Twitter. Several prominent Twitter accounts, including the account @whalechart, shared the content. As of now, @whalechart’s post has received over 3,700 retweets and 1,000 comments.

Meanwhile, Charles Gasparino, a reporter for Fox Business Network, has received information from the SEC’s public relations team regarding the situation. On July 3, he tweeted:

“Breaking: As expected, the SEC’s public relations team says Gary Gensler is not resigning.”

Gary Gensler Increasingly Associated with a Resignation

Rumors about Gensler resigning seem to be gaining traction, as this is not the first time such rumors have circulated. On April 20, there were unconfirmed reports about Gensler preparing for the end of his appointment.

More recently, Blockchain reported that some US lawmakers have introduced the “SEC Stabilization Act” to the House of Representatives. One of the key provisions of the bill aims to remove Gensler from his position due to his strict approach to crypto regulation.