SEC to Utilize AI for Cryptocurrency Regulation in the Future

SEC to Utilize AI for Cryptocurrency Regulation in the Future



Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), expressed his belief in the potential benefits of increased utilization of artificial intelligence (AI) by the agency's staff.



In a speech delivered on July 17 at the National Press Club, Gensler not only discussed the recent Ripple court ruling but also outlined various ways in which AI could aid the SEC in its role as a securities watchdog.




"We at the SEC also could benefit from staff making greater use of AI in their market surveillance, disclosure review, exams, enforcement, and economic analysis,”




Between 2018 and the first half of 2023, the US Securities and Exchange Commission (SEC) initiated enforcement actions against at least 54 cryptocurrency firms. The rate of these actions saw a significant surge following the collapse of FTX in N


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#AI, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #SEC

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