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SEC Acting Chairperson: Financial AI Should Take a Technology-Neutral Approach t

On March 27, the Securities Exchange Commission officially released its acting chairperson Mark T. Uyeda's speech at the artificial intelligence roundtable in the financial industry. Mark T. Uyeda said that the US financial marekt has been continuously advancing with technological innovation, and various forms of artificial intelligence have been used in financial products and services. The use of these technologies has promoted trading and investment, as well as the improvement of financial products and processes. Financial regulators should adopt a technology-neutral approach to regulation and avoid an overly prescriptive approach, which could lead to outdated and duplicated rules quickly. If technological advances such as artificial intelligence create potential loopholes in the regulatory structure or indicate the need for additional guidance, the Securities Exchange Commission has a responsibility to address those loopholes or provide guidance in a way that encourages innovation while protecting investors. The Securities Exchange Commission must keep in mind its statutory authority and prioritize effective and cost-effective regulations in this area