AI tokens have caught the attention of the US Securities and Exchange Commission, as its chair, Gary Gensler, highlighted potential conflicts of interest within the realm of artificial intelligence.
In a series of posts on the social network X, Gensler acknowledged the transformative power of AI while expressing caution about its misuse by “bad actors” to manipulate capital markets.
The statements underscore the SEC’s commitment to ensuring impartiality in technology-related matters, focusing on outcomes rather than the tools themselves.
We @SECGov are technology neutral. We focus on the outcomes, rather than the tool itself. Securities laws, though, may be implicated depending upon how AI tech is used. Within our current authorities, we’re focused on protecting against both the micro & macro challenges of AI.
— Gary Gensler (@GaryGensler) August 15, 2023
Prioritizing Customer Interest In AI Tokens
In a significant…
