From 'AI Washing' to 'Hallucinations,' Gensler Goes Deep on Machine Learning

Also, DeFi is anxious about SEC's dealer rule; Fincen wants private funds to comply with anti-money laundering rules

Sometimes it can be challenging (at least for the press) to suss out the main point of a Gary Gensler speech, especially when he uses lots of movie references. The somewhat meandering talk he gave today at Yale Law School is a good example. The SEC chair brought up nearly a dozen films – everything from “The Parent Trap” to “Beverly Hills Cop” to “The M…