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SEC Chair Gary Gensler has maintained a firm stance that the crypto sector is flouting securities law as the federal government approaches its post-election overhaul. Despite the ongoing regulatory scrutiny, the outlook for crypto-industry IPOs has brightened, regardless of the outcome of November's presidential election. Gensler has also highlighted potential systemic risks posed by the use of AI in the financial system, likening its impact to the early days of the Internet. The SEC continues to pursue actions against crypto platforms, while also granting SAB121 exemptions to select big banks.
.@SECGov Chair @GaryGensler sees some scenarios of systemic risks from the use of AI in the financial system https://t.co/cLVY1Dc7xg https://t.co/b49MP1OF1f
Gensler’s Latest: AI’s Disruption in Finance + Crypto Under the Microscope SEC's chair, Gary Gensler, just hit on a critical point - AI is going to shake up finance in a way we haven’t seen since the Internet boom. He’s warning about systemic risks with a few big players… https://t.co/ohZPWYEVcY
Gensler’s Got His Eyes on AI & Crypto - Big Players Beware! SEC's chair, Gary Gensler, is talking about the rise of AI in finance, comparing it to the Internet’s early days - game-changing. He’s calling out the risks of a few big cloud kings running the show, saying it could… https://t.co/mwrlQBrYt3
