Story perspectives

Trump Administration Considers Hedge Fund Oversight and AI in Finance

3/30/2026

Summary

Story summary

U.S. President Donald Trump and officials on the Financial Stability Oversight Council discussed plans to reduce hedge fund oversight and promote artificial intelligence in finance.
The discussions highlighted instability in the private credit market, risking investor funds.
The Department of Labor proposed a rule to allow private credit and assets such as real estate and cryptocurrency in retirement accounts.
Treasury Secretary Scott Bessent emphasized balancing access and security.

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Story summary

U.S. President Donald Trump and officials on the Financial Stability Oversight Council discussed plans to reduce hedge fund oversight and promote artificial intelligence in finance.
The discussions highlighted instability in the private credit market, risking investor funds.
The Department of Labor proposed a rule to allow private credit and assets such as real estate and cryptocurrency in retirement accounts.
Treasury Secretary Scott Bessent emphasized balancing access and security.