Rumors of SEC Chair Gary Gensler’s resignation spread rapidly like wildfire across social media platforms this past Saturday. However, sources from a prominent news outlet have confirmed the falsities of such claims. It comes as no surprise that the crypto space quickly picked up on the information. While crypto community members not overly fond of Gensler pinched themselves into wishing it was true, sources have confirmed that he is not resigning.
Although the article posted an anonymous source claiming otherwise, it has been found that the website has published only a few articles and strongly points to AI technology along with some crypto bloggers fanning the false flame. Another crisis erupted shortly after, causing more chaos and confusion when a fake website flooded the interwebs with the supposed news of Ripple buying back 10 Billion XRP tokens. All false of course. Reports from sources like TheCoinRepublic rushing in to reject such absurd claims with professinal sources like Fox Business’s Eleanor Terrett citing that the SECPro’s official comment was “BS on this.” Charles Garparino of Fox Businessnews tweeting that “Gary Gensler is not resigning. “, ultimately steering people clear of this development in fake news.
Unfortunately, this troubling issue of fake news circulating in the crypto economic sector paired with the increasing use of AI to invoke fatalities, has led global regions and lawmakers take urgency in creating a more secure and regulated atmosphere. Of note, was when a morphed picture went viral claiming an attack on the US Defence Departments; the Pentagon. While the financial markets went into a temporary panic, investigations quickly revealed AI used to create a near-perfect image, thereby indicating the true sources of these fake tales.
