Your fridge could one day stake Ether, launch memecoins: CFTC chair

Commodity Futures Trading Commission Chair Michael Selig says it is “no longer science fiction” to imagine one’s refrigerator autonomously purchasing groceries with money earned from staking Ether — or even launching its own memecoin, raising questions about how regulators should oversee autonomous AI agents.The colorful comment came during Selig’s remarks at the CFTC’s inaugural Frontier Forum in Washington, DC, on Wednesday, where he argued that regulators must adapt to a financial system where AI agents can hold assets and execute trades autonomously.“We’re gathered here today to discuss a technology that’s rapidly transforming the financial markets. President Trump calls it ‘super intelligence,’ or SI, because ‘it’s not artificial.’ It’s as real as the printing press, the steam engine, and the internet,” he said.The regulatory questions come as younger investors embrace AI tools for managing money. An eToro survey published in September found that 79% of US millennial investors and 77% of Gen Z investors already used or were open to using AI to select or adjust their investments, highlighting the potential reach of rules governing automated finance.Selig says the CFTC’s regulat...