CFTC Official Warns of AI Risks in Finance, Urges Crypto and Post-Crisis Reform Oversight
- AI brings promise and risk to financial markets, must be monitored CFTC's Romero
- AI regulation is critical; ensure models don't create concentration risk
- Conflicts of interest a concern with crypto platforms owning affiliates
- Post-2008 reforms must not be rolled back, avoid unchecked risk taking
- CFTC oversight key for crypto; dozens of enforcement actions against fraud