In the field of cryptocurrencies, SEC Chairman Gary Gensler has not been on the agenda lately. Now it is on the agenda with a different issue. Speculation about the resignation of Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), aroused interest in the market. Accordingly, rumors spread rapidly over the weekend. However, TheCryptoAlert.com, the news source responsible for the claim, has a dubious reputation for sensational and fake news. Let’s examine the details and reliability of the news.
The crypto space is talking this resignation news
TheCryptoAlert.com was the first site to report Gensler’s alleged resignation. The news headline “SEC sources confirm Gary Gensler’s resignation” makes an interesting case. Accordingly, it refers to an unnamed official who claimed that Gensler resigned following an internal investigation into the alleged misconduct. However, the information in the news is based on anonymous sources. On the other hand, it is emphasized that it should be considered speculative until confirmed by the SEC or Gensler itself.
The domain registration date of the website created with Wix is only 8 days ago. That is, June 24, 2023. This casts doubt on the credibility and reliability of the information presented. The same website had come up with false news before. He had published false news regarding Ripple’s intention to repurchase 10 billion XRP tokens. On the other hand, these reports were later denied by Ripple officials. This further weakens the credibility of the source.
Fox reporter denies claim
Eleanor Terrett, a reporter for Fox Business, reached out to SEC sources regarding the rumor. According to Terrett, those inside the SEC dismissed the claim, calling it “crazy nonsense.” Terrett also stresses that he has contacted the SEC communications department for an official comment. She also stated that she will post when she comments.
cryptocoin.com From time to time, we come across such news. However, the issue drew a reaction in the cryptocurrency community. Some prominent members of the XRP community have begun to challenge these unconfirmed claims. In particular, names like Jungle Inc warned their followers of a fake news site that was spreading the false story about Gensler’s resignation. Crypto Eri, another respected community member, called for responsible social media use, emphasizing the importance of verifying information before sharing or disseminating it.
Despite the rumors circulating, the chances of Gensler resigning are extremely slim. During his tenure, he demonstrated a firm determination to enforce robust crypto regulations and increase market transparency. No SEC chair has resigned within the first two years of his term. Thus, historical precedents reinforce this counter-narrative. Therefore, the so-called news of Gensler’s departure lacks truth.
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