False rumors have again been spreading over the resignation of United States Securities and Exchange Commission Chair Gary Gensler. This time, however, artificial intelligence has seemingly played a part.

On July 1, a news story appeared on a website dubbed “CryptoAlert” claiming that Gensler had “submitted his resignation following an internal investigation,” citing an anonymous official.

However, Cointelegraph found the article’s text scored a 96.8% on third-party AI-detector ZeroGPT, indicating there is a high likelihood the vast majority of the text was generated by AI.

The website also appears to be very new, with only 17 posts in total, the first of which is dated June 22. Most of the articles appear to make heavy use of artificial intelligence, with all articles scoring about 70% with ZeroGPT.

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

In addition to the bulk of the text seemingly being AI-generated, registration records reveal that the website’s domain, “thecryptoalert.com,” was registered at 4:47 pm UTC on June 24.

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Despite this, a number of accounts reposted the story on Twitter. The most widely viewed post was from Whalechart and had garnered 1.4 million views at the time of publication.

In a July 3 tweet, Fox Business Network reporter Charles Gasparino confirmed that Gary Gensler is not resigning after reportedly hearing back from the SEC.

This isn’t the first time rumors of Gensler’s resignation have made the rounds. On April 20, claims that Gensler was preparing to be “fired” were circulated by questionable sources.

On June 12, U.S. lawmakers introduced a new bill dubbed the “SEC Stabilization Act” to the House of Representatives. One of its main provisions seeks to fire Gensler, calling him a “tyrannical Chairman.”

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