On March 27th, COINOTAG News reported the U.S. Securities and Exchange Commission (SEC) unveiled remarks by Acting Chair Mark T. Uyeda during a roundtable focused on artificial intelligence in the financial sector. Uyeda emphasized the ongoing evolution of the U.S. financial markets driven by technological innovation, highlighting the integration of artificial intelligence across numerous financial products and services. This integration has not only enhanced trading and investment but has also refined overall financial processes.
Uyeda argued for a technologically neutral regulatory approach, suggesting that overly detailed regulations could quickly become obsolete in the face of rapid advancements. He underscored the SEC’s imperative to address any regulatory voids that emerging technologies might expose, advocating for guidelines that promote innovation while effectively protecting investors. The SEC’s focus, he noted, must remain on ensuring that regulations are both impactful and cost-effective to maintain a robust financial ecosystem.