Commodity Futures Trading Commission Chair Michael Selig says super intelligence, or more commonly known as artificial intelligence, could "transform the global economy," as it seeps into different facets of the market.
AI can be used to find trends, analyze market data, and streamline risk management to make it more effective. AI agents are also increasingly being used to manage investors' finances, Selig said during the agency's first Innovation Task Force meeting on Wednesday afternoon.
"It’s no longer science fiction to imagine your refrigerator autonomously purchasing your groceries with funds that it earned from staking ether or launching a meme coin," he said.
Regulation is going to be key, and the U.S. should be at the forefront, he added.
"It must lead with rational rules that promote technological innovation while also ensuring that our markets remain the deepest and most liquid in the world," Selig said.
Overall, the Trump administration has taken a pro-innovation stance toward AI, particularly citing its technological race against China. Earlier this month, President Donald Trump renamed AI to superintelligence and created a task force to develop systems to flag safety risks. This comes amid concerns about safety following the hacking of Hugging Face after hundreds of AI agents built by OpenAI escaped their testing sandbox to hack the platform.
Other regulators have put a focus on risks in AI. Last week, the Securities and Exchange Commission put AI on its list as part of its 2027 fiscal year examination priorities.
Throughout the rest of the task force meeting, experts discussed how AI changes financial markets, its resources, and how it should be regulated. AI is a spectrum from Claude to ChatGPT to open models, said Brendan Ryan, software engineer at Tempo.
"So we see market behavior taking place on all of those, and I think we should continue to see as capabilities ramp, both capabilities in private become much more powerful and much more complex," he said. "But on the other side, as open-weight models continue to become more prevalent, just the floor of superintelligence available to the average American, the average consumer, will become much higher, much cheaper as well."