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

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False rumors surrounding the resignation of US Securities and Exchange Commission (SEC) Chairman Gary Gensler are circulating again, and artificial intelligence appears to be playing a role this time.

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.

In addition to the fact that most of the text is generated by AI, searching with the Internet Archive’s Wayback Machine clearly Ownership of the website domain ‘thecryptealert.com’ was updated at 4:30 pm on June 24th.

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

Nevertheless, many accounts 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.

preliminary report:

SEC Chairman Gary Gensler is reportedly planning to resign following an internal investigation, according to an unnamed person with the SEC.

— Whale Chart (@WhaleChart) July 2, 2023

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.

Breaking news: as expected @SECGov PR says @GaryGensler not resigned

— Charles Gasparino (@CGasparino) July 2, 2023

This isn’t the first time rumors of Gensler’s resignation have circulated. April 20th, Claim Information was circulated by dubious sources that 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?