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Securities and Exchange Commission

House Financial Services Committee ranking member Rep. Maxine Waters, D-Calif., speaks with Rep. Patrick McHenry, R-N.C., before a hearing in the Rayburn House Office Building on Capitol Hill on March 6, 2024 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)

House Financial Services Committee leaders eye AI regulatory push

Reps. Patrick McHenry and Maxine Waters introduce measures targeting the technology’s impact on housing and the financial sector.
From left, Federal Reserve Chairman Jerome Powell, Treasury Secretary Janet Yellen and SEC Chairman Gary Gensler participate in a meeting of the Financial Stability Oversight Council at the U.S. Treasury on July 28, 2023 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)

Financial regulators have ‘insufficiently’ addressed hedge funds’ use of AI, report says

SEC and CFTC oversight of how investment vehicles use AI to inform trading decisions is lacking and poses risks to market stability, a report from the majority…
The Eccles Building of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee is pictured June 2, 2016 in Washington, D.C. (Photo by Brooks Kraft/ Getty Images)

Fed, SEC need more consistent blockchain coordination, GAO says

Priority open recommendations from the watchdog ding the financial regulators for lacking consistency in mechanisms to identify and respond to blockchain risks.
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Securities and Exchange Commission Chairman Gary Gensler testifies during a Senate Banking Committee hearing on Sept. 12, 2023, in Washington, D.C. (Photo by Drew Angerer/Getty Images)

SEC Chair Gensler sounds alarm on risks of large AI-fueled financial models

The Securities and Exchange Commission chair has “macro” concerns about financial sector reliance on a couple large AI base models, especially since regulators would have no oversight…
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