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Fedwire

Coverage of Fedwire in the Nexus archive.

Earliest in view: Jun 26 · 17:03 UTCMost recent: Jun 26 · 17:03 UTC
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  • SECURITYJun 26 · 17:03 UTCSEMAFOR
    Bessent engaged on AI following warnings about Fed payment rails

    Treasury Secretary Scott Bessent increased involvement in AI policy after financial institutions warned advanced models could threaten critical infrastructure like the Federal Reserve payment systems. Banks and the Treasury have collaborated with the Fed to develop alternative fund transfer methods, while advanced models like Anthropic’s Mythos intensified concerns about risks to financial stability and national security.