Gary Gensler, the Chairman of SEC, has highlighted the transformative potential of AI and the need to adapt current securities laws. He believes that AI has the potential to revolutionize various aspects of the financial industry, offering new opportunities but also posing unique challenges. Gensler stressed the importance of having regulatory frameworks in place to address potential risks and the need for ongoing collaboration between regulators, industry stakeholders, and experts in AI technology to develop appropriate safeguards and guidelines.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
SEC Chair Emphasizes Transformative Potential of AI and Need for Regulation
-
Wechat scan to share
Recommended for you
-
Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.
-
Cointime June 29th News Express
1. In the past 24 hours, the transaction volume of Pudgy Penguins was nearly 2 million US dollars, an increase of nearly 700% -
The US SEC has returned the S-1 form to the potential Ethereum ETF issuer with a few comments, asking it to fix the problem and resubmit.
The US Securities and Exchange Commission has returned the S-1 form to the potential Ethereum ETF issuer with some comments, asking them to address the issues and resubmit. Sources say that at least one more round of review is needed before these measures can take effect. The issuer has reportedly been asked to address these comments and resubmit before July 8th. Sources note that this will not be the final declaration after the form is returned, meaning that at least one more declaration is needed before the ETF can begin trading. -
OpenAI will stop supporting national APIs starting July 9
On June 25th, according to Jinshi's report, some developers received a letter from OpenAI stating that "based on data, your organization has API traffic from regions that OpenAI currently does not support. From July 9th, additional measures will be taken to stop API usage from countries and regions not on OpenAI's supported list." -
Chairman of the U.S. SEC: The economic substance of a product determines whether it is a security under the Securities Act
The US Securities and Exchange Commission (SEC) announced that Terraform Labs PTE, Ltd. and Do Kwon have agreed to pay over $4.5 billion.SEC Chairman Gary Gensler stated: "This case confirms the repeated fact that the economic substance of a product, not labels, promotion, or hype, determines whether it is a security under securities laws. Terraform and Do Kwon's fraudulent conduct reminds us that investors are harmed when companies break the law." -
US SEC is ‘bent on choking’ the crypto industry — Coinbase
The United States Securities and Exchange Commission “is serious about the destruction of digital assets,” according to cryptocurrency exchange Coinbase.
-
Xu Zhengyu: Hong Kong plans to publish a policy declaration on the application of AI in the financial market, with an open and inclusive attitude
Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, revealed that the government will release a policy statement later this year, outlining its policy stance and direction on the application of artificial intelligence (AI) in the financial market. Hui mentioned that the development of AI has become an important trend in the world, and as an international financial center, Hong Kong must consider its impact on the financial industry. Hong Kong maintains an open and compatible attitude towards the application of AI. -
If SEC approves spot Ether ETFs, many ‘will be caught severely offside’
Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”
-
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.
-
SEC breaks from past policy guidelines in Uniswap crackdown
The U.S. SEC Wells notice against Uniswap raises questions about consistency in policy enforcement.
Daily Must-Read
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
-
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
-
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
-
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
-
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
-
Why is Solana's Dogwifhat (WIF) memecoin crashing?
All Comments