At NearCon 2026, two prominent figures in the cryptocurrency world, Kraken’s co-CEO Arjun Sethi and Dragonfly’s Hasib Qureshi, engaged in a vigorous debate on the extent and timing of trusting artificial intelligence (AI) with real financial transactions. Arjun Sethi expressed full confidence in entrusting all his crypto assets to AI, highlighting his strong belief in the technology’s capabilities and security frameworks. Conversely, Hasib Qureshi disagreed, arguing that AI has not yet reached a level of reliability to be entrusted with 100 percent oversight of financial dealings. Kraken is a globally renowned cryptocurrency exchange offering users services for buying, selling, and storing crypto assets, while Dragonfly is a well-known venture capital firm investing in blockchain and crypto technologies. This discussion emerged amid growing popularity of AI applications and automated trading systems in the crypto market. The debate underscored both confidence and concerns within the crypto community regarding AI use, with some experts praising AI’s ability to execute fast and complex financial decisions, while others caution against full reliance due to security vulnerabilities, unpredictable losses, and market volatility. The future role of AI in the crypto market will depend on how securely, transparently, and reliably the technology evolves. Investors and platforms must strike a careful balance between AI’s benefits and risks to avoid financial harm.
Source: coindesk
