News of the resignation of the chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler turned out to be fake, generated by artificial intelligence. Cointelegraph reports.
On June 1, CryptoAlert published a report that Gensler would leave his post after an internal investigation began. The source of the information was described as an anonymous official from the agency.
However, the AI detector ZeroGPT indicated that 96.8% of the article was generated by a neural network.
The project’s website also appears to be recently created. It contains 17 articles, the first dating from June 22. According to the analysis, the majority of the news items are AI-generated, at least 70%.
According to the Internet Archive’s Wayback Machine, ownership of the domain thecryptoalert.com was updated on June 24 at 16:30.
Despite the questionable sources and the text itself, several accounts reposted the article on Twitter. The most popular WhaleChart post…
On June 3, Fox Business journalist Charles Gasparino dispelled the rumors. He stated that the SEC’s press office had denied Gensler’s resignation.
Many market participants have for a long time predicted and campaigned for the chairman’s removal.
In April, Congressman Warren Davidson proposed a bill that would see Gensler depart from his post. The move followed the chair’s plan to revisit the definition of ‘exchange’, which sparked criticism from crypto-industry representatives.
Earlier, the SEC chair faced harsh criticism from Republicans regarding the agency’s stance on digital assets during hearings in the House of Representatives.
In June, the U.S. Congress introduced a bill to remove Gary Gensler.