#investment-firms

#investment-firms

The SEC may have a role in regulating AI based on existing securities law, particularly in relation to AI-based financial tools and brokers in an automated trading environment.

The SEC believes that investment firms using AI models should abide by basic disclosures and put in place guardrails to protect investors, such as testing AI models to minimize risks and prohibiting illegal investment strategies. [ more ]

Investment firms are planning to launch spot bitcoin ETFs in the US, allowing investors to hold bitcoin through conventional financial products.

The potential approval of a spot bitcoin ETF by the SEC is seen as a sign of the crypto industry's maturation.

Speculation around the price of bitcoin is high, with some predicting that an ETF will cause a surge in its value. [ more ]