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US SEC Investigating Money Managers on AI, Crypto

Washington is looking at ways to crack down on abuses in the business with a stronger hand than they were planning on taking before FTX's demise, and the industry is under the microscope as a result.

Photo by Shubham Dhage / Unsplash

Digital assets' busts, scandals, and FTX’s spectacular and sudden collapse were a boon to crypto skeptics, but they were devastating to the industry as a whole.

Regulators like Gary Gensler, who is the chairman of the US Securities and Exchange Commission (SEC), have been pushing for a more aggressive, enforcement-driven approach to the asset class for a long time.

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