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Search results for Gary Gensler

Crypto

U.S. regulators rush pro-crypto rules, with court review and change of administration as variables

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have rolled out a series of pro-crypto rules, accelerating market institutionalisation. A new issue is whether the measures can withstand court review and a change of administration. Formal rules grounded in legal authority may be more durable, while interpretive guidance and FAQs can be revised or withdrawn more easily. Analysts and lawyers cite tighter judicial scrutiny and past policy reversals as key risks.

AI & Enterprise

Gensler\'s 2020 AI warning returns to spotlight as Ripple\'s Schwartz says much of it makes sense

A 2020 paper by former U.S. Securities and Exchange Commission chair Gary Gensler warning that the spread of deep learning in finance could create new risks is drawing renewed attention as AI agents begin to take part in financial decision-making. David Schwartz, former chief technology officer at Ripple, agreed that much of the paper “makes sense,” including concerns about automated decisions moving markets in the same direction. He rejected the idea that smarter AI would necessarily behave irrationally.

Crypto

U.S. SEC, CFTC overhaul crypto rules; former officials warn of duplicative regulation

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are moving to refine rules on crypto derivatives and custody, while former senior officials have raised concerns. The agencies are working on definitions and jurisdictional boundaries for new products such as swaps and perpetual futures as a broader “Clarity” bill remains pending in Congress. The SEC has also begun revising custody rules and opened public comment on its “Reg Crypto” proposal.