US SEC Chairman: Using algorithms or artificial intelligence models to defraud the public is fraud

BlockBeats news, on October 22, Gary Gensler, chairman of the US SEC, said that whether it is the use of algorithms or artificial intelligence models to defraud the public is fraud, and this is not just a problem we face, other agencies such as the Federal Trade Commission will also face similar situations. The US SEC is focusing on how to reduce costs in the system every day, and needs to reduce costs through competition, transparency and other means, and ensure market accessibility. At the same time, we must also pay attention to the resilience of the market, such as strengthening the robustness of the backend and infrastructure through measures such as central clearing. (Jinshi)