XRP Attorney Highlights Biden’s Hypocrisy With New AI Order

The U.S. government has released a fact sheet introducing the President’s latest AI Executive Order, known as “Safe, Secure, and Trustworthy Artificial Intelligence.” This has sparked concerns among entrepreneurs in the crypto industry, who fear potential restrictions and tighter rules.

But what does this order actually mean for crypto? Read on to find out.

Expert Insights

Attorney Jeremy Hogan, a pro-XRP advocate, is puzzled by the executive order’s focus on Americans’ privacy. He points out that prior anti-crypto actions have encroached on this very right, labeling it a “significant contradiction.” He argues that the U.S. government’s approach to regulating cryptocurrencies resembles the order’s intentions.

Attorney Jake Chervinsky also echoes these sentiments.

Under this new order, advanced AI system developers are now obliged to share their safety test results and vital data with the U.S. government.

Safety and Security Comes First!

The order mandates that companies creating foundational AI models with potential risks to national security, the economy, or public health must inform the federal government during their model training. They must also share the results of all safety tests. This process ensures that AI systems released to the public are reliable, safe, and secure.

Also Read: US Government Holds Shocking $5 Billion in Bitcoin! Where Did It Come From?

The executive order aims to set guidelines and standards for recognizing AI-generated content and verifying official information. This is to shield Americans from trickery facilitated by artificial intelligence. The Department of Commerce will create guidelines for watermarking and content authentication to identify AI-created content. Federal agencies will use these technologies to help citizens confirm the authenticity of messages received from the government, setting a global example for governments and businesses.

Data Privacy Legislation – Step in the Right Direction

The AI Executive Order also urges Congress to pass data privacy legislation with bipartisan support to protect all Americans from AI-related threats. The primary goal of this legislation is to promote privacy-preserving research and technology, including cryptographic tools.

Also Read: Even Biden’s Re-election Can’t Threaten Bitcoin, Claims Pro-XRP Lawyer

To achieve this, a Research Coordination Network will be established, and the National Science Foundation will work with this network to promote the adoption of cutting-edge privacy-preserving technology by government agencies.

What do you think about the new AI Executive Order? Will it have a positive or negative impact on the crypto industry?