Are the Rumors About Gary Gensler Leaving the SEC True?

The US Securities and Exchange Commission (SEC) has denied rumors of Chairman Gary Gensler's resignation, as reported by Fox Business journalist Eleanor Terrett on Twitter on July 3.

This information was also confirmed by Fox senior correspondent Charles Gasparino, who contacted the SEC.

The response from the @SECGov’s PR team when asked whether the rumors of @GaryGensler resigning his position as Chairman following an alleged internal investigation had any merit. 👇🏼 https://t.co/LAKpdrytac pic.twitter.com/w71dbfsRHh

— Eleanor Terrett (@EleanorTerrett) July 3, 2023

Over the weekend, a fake report originating from “cryptoalert.com” and citing anonymous sources claiming that Chairman Gary Gensler resigned due to an internal investigation.

This news is fast spread out in the crypto community, with several influential Twitter accounts echoing the information. However, some community members, including pro-XRP attorney John Deaton, have expressed doubts about the credibility of the report, suggesting a potential link to artificial intelligence.

It’s worth noting that the website in question has published a minimal number of stories since its launch, and its Twitter account has only seven tweets since its inception in June. In addition, the platform has a history of publishing unverified news.

During his tenure, the SEC classified numerous cryptocurrencies as securities and initiated legal actions against major crypto companies such as Coinbase и Binance.