The U.S. Securities and Exchange Commission (SEC) reportedly denied rumors that Chairman Gary Gensler was stepping down from his position, according to a July 3 posting. tweet shared by Fox Business journalist Eleanor Terrett.
The report was further corroborated by Fox senior correspondent Charles Gasparino, who also contacted the Commission.
CryptoSlate has contacted the SEC for further comment.
Fake news about Gensler’s resignation
Over the weekend, a report from “cryptoalert.com” citing “anonymous sources” said Chairman Gensler had resigned from his position “following an internal investigation.”
The news quickly gained traction within the crypto community as several Twitter accounts had large followings repeated the information. However, several community stakeholders, such as pro-XRP advocate John Deaton, have spoken out skepticism about the veracity of the story, with some to link it to artificial intelligence.
from CryptoSlate Research from the news source via Whois revealed that the website registered in May 2023 and uses stock photos for its team members.
In addition, the website has published fewer than 20 stories since its launch, and its Twitter account has only seven tweets since it was created in June.
In addition, the platform has a history of publishing unverified news. CryptoAlert previously reported that Ripple wanted to buy back 10 billion XRP tokens – a report refused by the crypto payment company’s CTO, David Schwartz.
The crypto community welcomed the news.
Meanwhile, several members of the crypto community responded positive on the apparent fake news about Gensler’s resignation.
SEC Chairman Gensler has come under fire from several crypto stakeholders who have heavily criticized the Commission’s regulation-by-enforcement approach to the industry. Under Gensler, the SEC has labeled multiple cryptocurrencies as securities and initiated legal action against major crypto companies such as Coinbase and Binance.
In June, U.S. lawmakers Warren Davidson and Tom Emmer introduced a bill to restructure the Commission and fire Chairman Gensler.
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