Crypto firms pivoting toward AI amid the prolonged winter may have something new to be on the lookout for.
on the social network formerly known as Twitter to call AI"the most transformative tech of our time." But he also said that"bad actors" could possibly use it to influence capital markets.wrote."We focus on the outcomes, rather than the tool itself. Securities laws, though, may be implicated depending upon how AI tech is used. Within our current authorities, we’re focused on protecting against both the micro & macro challenges of AI.
"Under the securities laws, fraud is fraud," Gensler continued."The SEC is focused on identifying and prosecuting any form of fraud that might threaten investors, capital formation, or the markets more broadly," he said.Many crypto firms capitalized on the interest in artificial intelligence tools after the launch ofin November 2022, and blockchain technology and AI have converged to form a subset called AI cryptocurrencies.
The new tokens combine the innovations of both zeitgeists, and the top six AI coins by market capitalization are
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