SEC to Prioritize AI Regulations Over Cryptocurrencies!

The post SEC to Prioritize AI Regulations Over Cryptocurrencies! appeared first on Coinpedia Fintech News

SEC Chair Gary Gensler has announced that he will prioritize regulations on artificial intelligence (AI) over those related to cryptocurrencies. In a recent speech at the Aspen Security Forum, Gensler noted that AI and machine learning have the potential to transform many aspects of our lives but also pose significant risks. He emphasized the need for clear regulations to address issues such as bias, transparency, and accountability. Gensler also acknowledged the growing role of cryptocurrencies in the financial system. The SEC is expected to release new guidelines for AI and machine learning in the coming months.