The United States Securities and Exchange Commission (SEC) has denied rumors of Chairman Gary Gensler’s resignation. The news of his alleged resignation caused controversy and disappointment within the crypto community. The controversy also highlighted the role of artificial intelligence (AI) in spreading disinformation. If the proposed SEC Stabilization Act is passed, it would dismantle the Chairman position and create a new role called the Executive Director in order to protect the agency from political agendas. While Gensler’s removal may be welcomed by the industry, experts argue that crypto regulation itself is complex and that such a change could potentially increase fraud and market manipulation risks.
AI Sentiment: Neutral