On November 19, 2024, Financial Planning quoted Adrienne Gurley on possible impacts the new administration will have on the financial regulatory space. According to the article, the president-elect’s Agenda 47 vows to pull back regulations on artificial intelligence and digital assets.
Under the Biden administration, the SEC has cracked down on alleged instances of AI-washing. Gurley said that in the coming years, she “would expect those sorts of cases to become far less common”.
“Agenda 47 says they'll 'repeal Joe Biden's executive order that hinders AI innovation and imposes radical left-wing ideas,'” Gurley explained. “That's a quote from Agenda 47. And that directly contradicts what the SEC is currently doing with some of their AI-washing cases.”
Another regulatory target of the current administration that is expected to benefit from deregulation in coming years is cryptocurrency, along with some other digital assets. “The current SEC has a number of crypto cases that they're involved in, and who knows what's going to happen to those,” Gurley said. “But I think it'll be hard for the SEC to move forward with any new crypto cases in coming years, just based on that [Agenda 47] directive.”
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