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False rumors about the resignation of U.S. Securities and Exchange Board Chairman Gary Gensler are circulating again – but this time, artificial intelligence seems to have played a role.
On July 1, news broke on thecryptoalert.com website alleging that SEC Chairman Gary Gensler “resigned following an internal investigation”, citing an anonymous official.
However, Cointelegraph found that the text of the article scored highly on the third-party ZeroGPT AI detector, scoring 96.8%, indicating a high degree of AI text generation.
The website also looks very new, with a total of 17 posts, the first of which appeared on June 22nd. Most of these articles also use AI heavily, and all of the articles scored around 70% with ZeroGPT.
In addition to most of the text being generated by artificial intelligence, a search of the Wayback Machine Internet Archive revealed that the ownership of the “thecryptoalert.com” website domain was updated at 4:30 pm on June 24.
Related: Hester Pierce: US Cryptocurrency Laws Can’t Assume “Everything Is a Financial Asset”
Despite this, a number of accounts have reposted content on Twitter. The most popular post about this was from the @whalechart account, which has 1.4 million views at the time of publication.
Anonymous official at the SEC has reportedly disclosed that chairman Gary Gensler is going to resign following an internal investigation.
— whalechart (@WhaleChart) June 2, 2023
In a July 3 tweet, Fox Business Network reporter Charles Gasparino confirmed that Gary Gensler is not resigning after reportedly receiving a response from the SEC.
— Charles Gasparino (@CGasparino) June 2, 2023
This is not the first time that rumors of Gensler’s resignation have been circulating. On April 20, dubious sources circulated allegations that Gensler was preparing to “retire”. On June 12, US lawmakers introduced a new bill in the House of Representatives, dubbed the SEC Stabilization Act. One of his main points was to fire Gensler, calling him a “tyrannical chairman”.