SEC chairman Gary Gensler touched on the risks of artificial intelligence (AI) technology, noting that crypto firms should pay attention.

Gary Gensler, head of the Securities and Exchange Commission (SEC), emphasized on Tuesday that he has AI on his radar. Commenting on the technology of the time for AI, Gensler also stated that it is an effective weapon in badly affecting the capital markets. Expressing that crypto companies should be careful about AI, the head of the SEC made striking statements within the framework of the law.

“We are focused on protecting against hardships”

Giving today’s technology statements about AI, Gary Gensler underlined that finance should be extra careful. “Within our current mandate, we are focused on protecting against both the micro and macro challenges of artificial intelligence,” the chairman, who wrote the series on X, said. said.

Taking into account the positive aspects of the technology, Gensler, who warned about AI-related crypto companies, added that it provides convenience in opening financial accounts, compliance programs, trading algorithms, sentiment analysis and many other issues. Finally, emphasizing that fraud is final according to securities laws, the head of the SEC stated that activities will continue to fend off all kinds of threats in the capital markets.