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

Source: https://cointelegraph.com/news/gary-gensler-resigns-ai-generated-fake-news

## Summary

A false report that SEC Chair Gary Gensler had resigned after an internal investigation spread on Twitter after appearing on a new website, CryptoAlert, which Cointelegraph found was likely written by AI. The article scored 96.8% on the AI-detector ZeroGPT, and the site had only 17 posts, the first dated June 22, with its domain registered on June 24. Fox Business Network reporter Charles Gasparino said on July 2 that the SEC's public relations office said Gensler is not resigning. The story follows earlier rumors in April and a June 12 bill in the House that would fire Gensler.

## Article

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.

Related: Hester Peirce: US crypto laws can’t assume ‘everything is a financial asset’

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.

BREAKING:

Anonymous official at the SEC has reportedly disclosed that chairman Gary Gensler is going to resign following an internal investigation.— whalechart (@WhaleChart) July 2, 2023

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.

Breaking: As expected @SECGov PR says @GaryGensler is not resigning— Charles Gasparino (@CGasparino) July 2, 2023

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.”