According to BlockBeats, U.S. Securities and Exchange Commission (SEC) Chair Paul S. Atkins reiterated key points from his speech at the inaugural OECD Global Financial Markets Roundtable. Atkins emphasized the SEC's clear priorities in the crypto sector, highlighting the necessity of ensuring the security status of crypto assets. He stated that most crypto tokens are not securities and that the SEC will clearly define these boundaries.
Atkins noted that blockchain technology is transforming trading and settlement processes, while artificial intelligence is opening new avenues in financial intermediation. He described a system where autonomous AI agents execute trades, allocate capital, and manage risks at speeds beyond human capability, with securities law compliance embedded in their code.
The potential benefits of this integration are significant, including faster markets, reduced costs, and broader access to strategies once exclusive to major Wall Street firms. By combining AI with blockchain, individuals can be empowered, competition can be enhanced, and new prosperity can be unlocked. The SEC is determined to seize the opportunities presented by these advancements.