US House Democratic coalition creates AI working group
Rep. Derek Kilmer, will chair the Artificial Intelligence Working Group aimed at introducing “sensible, bipartisan” policies for AI technology.
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Rep. Derek Kilmer, will chair the Artificial Intelligence Working Group aimed at introducing “sensible, bipartisan” policies for AI technology.
Their letter aimed to explore whether these guidelines might inadvertently hinder the progress and growth of cutting-edge innovations.
Last week was marked by two new legislative initiatives for the crypto industry in the United States.
“Money should not be programmable by a central authority,” argues Republican Representative Warren Davidson.
The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s RFIA.
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”
The United States Securities Exchange Commission might be investigated for a "haphazard and heavy-handed approach to digital assets.”
According to Rep. Maxine Waters, granting crypto firms provisional registration under a proposed framework "could reward bad actors with a ‘get out of jail free’ card".
The bipartisan bills target government transparency when using AI and the formation of a new Office of Global Competition Analysis to stay on top of innovation.
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, two members of Congress raised concerns about the tax compliance practices in crypto.