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CFTC Commissioner Says Agency Is Working With Commerce Department to Help US Lead Global AI Computing Market

Source
JH Kim

Summary

  • The US Commodity Futures Trading Commission said it is working with the Commerce Department to help the US secure leadership in the global AI computing market.
  • Mike Selig, a CFTC commissioner, said the agency is cooperating with the Commerce Department to help the US lead the global AI computing market.
  • The CFTC said it is reviewing the market for trading computing resources and the related regulatory framework as the AI industry expands.

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The US Commodity Futures Trading Commission is working with the Commerce Department to help the US secure leadership in the global artificial intelligence computing market.

Cointelegraph reported on Aug. 20 that CFTC Commissioner Mike Selig said the agency is cooperating with the Commerce Department to help the US lead the global AI computing market.

The CFTC is also reviewing the market for trading computing resources and the related regulatory framework. It expects those markets to gain importance as the AI industry expands.

Photo: Shutterstock
Photo: Shutterstock
#Crypto Regulation
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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