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SEC Chairman: AI Could Cause Financial Crisis in the Next Decade if Left Unregulated

by Olivia Cook
October 26, 2023
in Curated, Opinions
AI Financial
Christian and Conservative news hand-curated the way it’s supposed to be. Stay full-MAGA despite the so-called “civil war” waged by the Islam-loving “woke right”.

(Natural News)—Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that rapidly advancing artificial intelligence (AI) could cause a financial crisis that is “nearly unavoidable” in the next decade if left unregulated.

According to the SEC chairman, the lack of diversity in AI technologies used by multiple institutions could one day pose a significant threat to U.S. financial stability. He predicted during an interview with the Financial Times that this AI-fueled crisis could occur in the late 2020s or early 2030s.

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“I do think we will, in the future, have a financial crisis,” the SEC head warned. “Maybe it’s in the mortgage market, maybe it’s in some sector of the equity market. And in the after-action reports, people will say ‘Aha, there was either one data aggregator or one model we’ve relied on.'”

While Gensler acknowledged the necessity of regulating AI, he nevertheless admitted that doing so is a “hard challenge.” He continued: “It’s a hard financial stability issue to address because most of our regulation is about individual institutions, individual banks, individual money market funds, individual brokers. It’s just in the nature of what we do.

Gensler urges regulators to “tame AI”

Several areas identified by the SEC chair where AI could potentially destabilize the financial system are as follows:

  • Algorithmic trading: While AI-driven trading can optimize returns and reduce costs, it can also lead to flash crashes and market manipulations if not properly regulated.
  • Credit assessments: AI’s role in determining an individual’s creditworthiness can sometimes be opaque. Without clear guidelines, there’s a risk of unfair or biased decisions that could have far-reaching consequences for consumers. (Related: Conservative chatbot creator says OpenAI tried to censor content forcing them to abandon platform.)
  • Data privacy: With AI systems relying heavily on data, there’s an increased risk of data breaches and misuse. Protecting consumer data should be of paramount importance. (Related: Italian data privacy watchdog accuses ChatGPT of scraping people’s data.)

Gensler has urged regulators to take proactive measures to mitigate the potential threats AI poses to financial stability and rein its use.

Seeking to rein in the use of AI, the SEC proposed new rules that would require broker-dealers and investment advisers to:

  • Evaluate whether using certain AI technologies (i.e., predictive analytics and similar technologies) in investor interactions involves a conflict of interest in a way that puts the firms’ interests above those of investors.
  • Address “conflicts of interest” issues arising from their individual use of predictive analytics by employing tools believed to address these risks that are specific to the particular AI technology they use.
  • Eliminate or neutralize the effect of any such conflicts.
  • Have written policies and procedures to achieve compliance with the proposed rules.
  • Keep books and records related to these requirements.

However, Gensler told the Financial Times that the proposed rule does not solve the “horizontal issue.”

While various open-source AI technologies exist, most entities currently rely on a small number of tools and base their decisions on the same underlying base models or underlying data aggregator models developed by a group of players, such as Open AI’s ChatGPT, which could “lead to herd mentality and undermine financial stability.”

Visit FutureTech.news for more stories about the dangers of AI. Watch this video about SEC Chairman Gary Gensler’s warning about AI being responsible for the next financial crisis.

This video is from the Daily Videos channel on Brighteon.com. More related stories:

  • Creatives push back against generative AI’s theft of their work and call on Big Tech to fairly compensate them.
  • ChatGPT AI taught to single out “hateful content” by silencing whites, Republicans and MEN: Research.
  • Italy bans ChatGPT over privacy concerns.
  • AI spy program launched to monitor global bank transactions for “money laundering,” but people know it’s just an EXCUSE to surveil their private accounts.
  • Google Cloud launches AI-powered anti-money laundering tool for banks, paving the way for Orwellian financial surveillance.

Sources include:

  • TheEpochTimes.com
  • TheHill.com
  • Medium.com
  • SEC.gov
  • Brighteon.com
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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures

The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?

That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.

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The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.

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Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.

As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.

If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.

Tags: AIArtificial IntelligenceConspiracyEconomic CollapseEconomyFinancial CrisisLedeNatural NewsSECTop Story
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