July 2 (Cointime) - False rumors of SEC Chair Gary Gensler's resignation are circulating in the XRP community, with accounts like Documenting Ripple spreading the unverified news. Gensler has been focused on regulating the crypto market during his tenure, including the ongoing lawsuit with Ripple Labs.

However, his resignation is highly unlikely as no SEC chair has resigned within the first two years of their tenure. Some prominent XRP community members are challenging these rumors and warning against spreading unverified claims.