SEC Chairman: Whether using algorithms or artificial intelligence models to defraud the public is fraud

ChainCatcher news, U.S. SEC Chairman Gary Gensler stated that using algorithms or artificial intelligence models to defraud the public is fraud, and this is not just an issue we face; other agencies such as the Federal Trade Commission will also encounter similar situations. The U.S. SEC is focused every day on how to reduce costs in the system, needing to lower costs through competition, transparency, and other means, while ensuring market accessibility. At the same time, attention must be paid to market resilience, such as enhancing the robustness of backend and infrastructure through measures like central clearing.