CDS Crypto News The Inside Story of Gary Gensler Resignation – 2023
Crypto News

The Inside Story of Gary Gensler Resignation – 2023

This article covers the fake news and recent findings on Gary Gensler resignation.

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The Inside Story of Gary Gensler Resignation - 2023

The claim that Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), known for his opposition to crypto, wrote his letter of resignation was a bombshell. However, it turned out that Gary Gensler resignation occasion was not exactly the case.

The Inside Story of Gary Gensler Resignation – 2023

Gensler resigned after an internal probe, according to a news report that appeared on the CryptoAlert website on July 1. But it looks like the Gary Gensler resignation report was made up, and artificial intelligence (AI) may have been a major factor in its production.

Does CryptoAlert Use Artificial Intelligence in All Its Articles?

The text of the post actually scored highly on a third-party AI detector, ZeroGPT, with a score of 96.8%, indicating a high level of AI text synthesis, according to Cointelegraph. With only 17 posts overall, the first of which debuts on June 22, the website seems to be very new.

With all articles scoring around 70% on ZeroGPT, it seems that many of these articles also benefit greatly from AI. A search on the internet archive Wayback Machine found that the ownership of the website’s domain “thecryptoalert.com” was updated around 4:30 pm on June 24, in addition to the majority of the text being AI-generated.

Some News Sources Continue to Spread Fake News

Within just a few hours, Gensler’s “resignation” was widely publicized, with Twitter accounts like WhaleChart, which has a large number of followers, spreading the fake news.

The truth of this news, which attracted a lot of attention in the crypto community, was revealed today in a tweet by Fox Business Network reporter Charles Gasparino. Gasparino said that he confirmed that Gensler did not resign with the information he received from the SEC.

I tried to get an answer from the SEC flack on Gary Gensler’s rumored resignation (which sounds like wishful thinking from his haters). When I asked the question via email, his chief PR guy said ‘Sorry what?’

Gasparino

Crypto Community Greeted the News with Joy

The fake news was met with jubilation by the crypto community. This year, Gensler has made it his mission to carpet-bomb the cryptocurrency sector and its top companies. Ryan Selkis, a co-founder of Messari, said if the news were true, he wouldn’t be shocked.

I would not be surprised if Gensler resigns soon. His only political future rests on bowing out gracefully in order to do this administration a solid in an election year.

Selkis
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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