US Senate Majority Leader Chuck Schumer: Advocates for Passage of Crypto Bill and Seeks Balancing Act for AI Regulation Amid Innovation and Oversight
Publication Time:2024-08-15 08:46:06
US Senate Majority Leader Chuck Schumer has announced his intention to push through certain crypto bills in the Senate this year, potentially turning them into law by the end of the year, adopting an AI regulatory model as a framework. He believes it will help find a balance between promoting innovation in the cryptocurrency sector and implementing necessary regulatory measures. Schumer argues that, just like other innovative technologies such as AI, cryptocurrencies require safeguards to ensure user security, protect national security, and prevent their misuse for illicit activities. As an institution with legislative authority, Congress is capable of providing this balance in regulation, ensuring that new technologies not only spur economic growth but also safeguard public interests.
Crypto Regulation
AI regulation
Balancing innovation and safety
Congressional legislation