FET

Gary Gensler allegedly posted a farewell: It has been a lifetime honor to serve as the Chairman of the U.S. Securities and Exchange Commission

ChainCatcher message, Gary Gensler allegedly posted a farewell on the X platform, stating: It has been my honor to serve as the Chair of the U.S. Securities and Exchange Commission. Public service is about giving back to our communities, whether they are neighborhoods, counties, or states; or, as part of this agency, I firmly believe that capital markets, competition, and common-sense rules benefit both investors and issuers. This is why the SEC and its staff play a critical role in overseeing the markets and ensuring compliance with common-sense rules of U.S. securities law:We have reduced costs and risks and enhanced the integrity of our two largest markets—the nearly $60 trillion stock market and the $28 trillion bond market;We have helped improve the transparency and integrity of corporate governance for public companies, including implementing new cooling-off periods and other conditions before insiders of companies that may possess significant non-public information trade their company’s securities;We have established rules requiring regulated broker-dealers and investment advisers to notify clients of data breaches that may put personal information at risk;We have laid the groundwork for important debates regarding the growing applications of artificial intelligence in the financial sector;We have updated the rules for the stock and bond markets, shortening the settlement cycle;We have returned over $2.7 billion to harmed investors.

Vitalik published a long article titled "d/acc: one year later," discussing AI safety and cryptocurrency applications

ChainCatcher news, Ethereum founder Vitalik Buterin published a long article titled "d/acc: one year later," reflecting on the development of the d/acc (decentralized acceleration) concept proposed last year. The article focuses on three key issues: AI safety regulation, the role of cryptocurrency in d/acc, and public goods financing.Vitalik proposed two major strategies for AI safety: first, establishing accountability by setting reasonable legal responsibilities for AI users, deployers, and developers; second, implementing a global "soft pause" mechanism at the industrial hardware level, which can reduce global computing power by 90-99% if necessary. Vitalik stated that d/acc has three major connections with cryptocurrency: the extension of values, the early adopter community, and technological complementarity. In particular, the contributions of the crypto community in areas such as prediction markets and zero-knowledge proofs. The article also mentions innovative mechanisms including quadratic funding, retroactive public goods funding, and deep funding, emphasizing the importance of decentralized financing in promoting the development of open-source projects. Vitalik believes that despite the current challenges of rapid technological development and reduced global cooperation, new tools such as AI and biotechnology provide humanity with the capability to address these challenges.
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