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AI will be at the center of the next financial crisis, SEC chief Gary Gensler says

AI will be at the center of the next financial crisis, SEC chief Gary Gensler says
Image copyright: Brendan Smialowski/Stringer/Getty Images News via Getty Images

The Spin

Clearly the crypto industry, which contributed heavily to Trump and Congressional Republicans' campaigns, is calling the shots now. Gensler fought the good fight to bring transparency to markets, as well as set standards for climate disclosures cyber security. But unfortunately the next administration isn't interested in regulations that will protect average Americans and the economy.

One way or another, Trump was going to replace Gensler with someone who better knows how to get industry, including the crypto markets, booming. So Gensler has made the future president's job easier. Gensler was always overreaching with his climate regulations and investigations and was another failed part of the lousy outgoing Biden administration.

Metaculus Prediction

There's a 95% chance that 1 bitcoin will be worth $100K or more before Jan. 1, 2025, according to the Metaculus prediction community.


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© 2025 Improve the News Foundation. All rights reserved.Version 6.17.0

© 2025 Improve the News Foundation.

All rights reserved.

Version 6.17.0