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U.S. Commodity Futures Trading Commission Chairman Mike Selig said the convergence of SI, or superintelligence, AI, cryptocurrency and modern financial infrastructure could transform markets.
Speaking at a forum hosted by the CFTC’s innovation task force, Selig described the technology as being as tangible as the printing press, the steam engine and the internet. He also warned that if SI agents engage in malicious activity, it could be difficult to identify who is behind a trade. As a result, Selig said regulators need to think carefully about how to regulate wisely in the age of superintelligence, adding that the CFTC is well positioned because it has already faced similar issues in the crypto market.