AI-generated fake news sparks rumors of Gary Gensler’s resignation

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False rumors surrounding the resignation of US stock exchange chairman Gary Gensler are circulating again, but this time artificial intelligence appears to be involved.

On July 1, a news article appeared on a website called “thecryptoalert.com,” claiming that SEC Chairman Gary Gensler “has submitted his resignation following an internal investigation,” citing unnamed sources. .

However, Cointelegraph found that the article’s text score was as high as 96.8% on third-party AI detector ZeroGPT, indicating advanced AI text generation.

The website appears to be quite new, with only 17 posts in total, the first posted on June 22nd. Most of these articles seem to heavily use artificial intelligence, and all score around 70% on his ZeroGPT.

AI detector ZeroGPT found that 96.8% of the text was generated by AI. Source: ZeroGPT

In addition to the text being largely AI-generated, a search on the Internet Archive’s wayback machine revealed that the ownership of the website’s domain ‘thecryptoalert.com’ was updated at 4:30pm on June 24th. It became clear that it had been

Related: Hester Peirce: US Crypto Laws Can’t Assume ‘Everything Is Financial Assets’

Nevertheless, many accounts reposted the content on Twitter. The most widely viewed post on the subject came from the account @whalechart, which has garnered 1.4 million views at the time of publication.

Fox Business Network reporter Charles Gasparino confirmed in a July 3 tweet that Gary Gensler, who reportedly received a reply from the SEC, will not resign.

This is not the first time rumors of Gensler’s resignation have spread. On April 20, a claim was spread by dubious sources that Mr. Gensler was preparing to be “fired.” On June 12, US lawmakers introduced a new bill to the House of Representatives called the SEC Stabilization Act. One of its main provisions called for Mr. Gensler to be dismissed as a “domineering chairman.”

magazine: Cryptocurrency Regulation — Does SEC Chairman Gary Gensler Have the Final Decision?



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