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Securities and Exchange Commission

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.
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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