NEWS: Senator Blunt Rochester Questions Experts on Increasing Capital Access for American Families

"Capital markets are ultimately about opportunity."

Click here to watch Senator Blunt Rochester's remarks.

U.S. Senator Lisa Blunt Rochester (D-Del.), a member of the Senate Committee on Banking, Housing, and Urban Affairs, today participated in a hearing on increasing capital access for everyday Americans. Blunt Rochester's questions focused on how emerging technologies like AI can increase opportunities and how tokenization will strengthen investor protections.

Senator Blunt Rochester's questions can be found here, and a key excerpt can be found below:

Senator Blunt Rochester: "Helping families build wealth increasingly means understanding how technology is changing the way financial decisions are made. We're seeing artificial intelligence transform healthcare, our workplace, and now investing. Millions of Americans are already using AI to answer financial questions.

"Mr. Dumas, as these tools become more sophisticated, what role should Congress play in making sure they help families build wealth without exposing them to new risks?"

Mr. Dumas: "I think AI has an opportunity to transform our economy. It has an opportunity to expand opportunity for everyone. But at the same time, I think that especially in the financial markets, we should be careful using AI without understanding the background. AI has the potential to have certain biases, right?

"So we need Congress to understand AI, provide certain guardrails, provide some type of protection, and inform investors or people who look to AI for investment advice to see some type of disclosure, some type of information, letting them know that AI could be wrong."