Skip to content

CryptoVert Blockchain App for iOS

Bitcoin, NFTs, News, and more!

Primary Menu
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
  • Home
  • Crypto
  • AI-Related Tokens Stumble After White House Executive Order
  • Crypto

AI-Related Tokens Stumble After White House Executive Order

cryptovert November 1, 2023 2 min read

President Joe Biden yesterday delivered the long-awaited Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence aimed at potential threats posed by artificial intelligence (AI).

“Artificial intelligence holds extraordinary potential for both promise and peril,” read the order. “Responsible AI use has the potential to help solve urgent challenges while making our world more prosperous, productive, innovative, and secure … Irresponsible use could exacerbate societal harms such as fraud, discrimination, bias, and disinformation; displace and disempower workers; stifle competition; and pose risks to national security.”

Calling the order an “ambitious attempt to accommodate the hopes and fears of everyone from tech CEOs to civil rights advocates,” Vox’s Sara Morrison reminds of the limits of White House power, noting execution of the Biden vision will depend on the actions of executive branch agencies which could find themselves challenged in court. There’s also the legislative branch, which is working on its own plans for regulating AI.

“It’s terrible for U.S. innovation,” wrote former a16z partner and currently Gensyn Network Head of Operations Jeff Amico, calling the order’s reporting requirements “essentially public company reporting for startups building large models.”

Pointing to language requiring disclosures when large amounts of computing power are acquired, the order, argued Amico, “Treats compute – an inherently neutral technology – as a dangerous resource that must be regulated.”

While the cryptocurrency markets are posting modest gains over the past 24 hours, AI-related tokens are lower across the board. Among the movers are The Graph’s GRT], Fetch.AI’s FET], SingularityNET’s (AGIX) and Ocean Protocol’s (OCEAN) – each down 4%-7%.

Continue Reading

Previous: 15 Years After the Bitcoin White Paper, Bitcoin Builder Culture Flourishes
Next: Bitcoin Saw 27% October Surge as Traders ‘Panic Bought’ Amid Bitcoin ETF Enthusiasm. Is $40,000 Next?

Related Stories

Crypto advocates join in suing Illinois over digital asset tax
1 min read
  • Crypto

Crypto advocates join in suing Illinois over digital asset tax

August 22, 2026
Pass the Clarity Act
1 min read
  • Crypto

Pass the Clarity Act

August 22, 2026
Analysts split on whether Bitcoin’s surge past key levels signals a new bull run
1 min read
  • Crypto

Analysts split on whether Bitcoin’s surge past key levels signals a new bull run

August 22, 2026

You may have missed

Crypto advocates join in suing Illinois over digital asset tax
1 min read
  • Crypto

Crypto advocates join in suing Illinois over digital asset tax

August 22, 2026
Pass the Clarity Act
1 min read
  • Crypto

Pass the Clarity Act

August 22, 2026
Ethena’s ENA token surges 48%, but altcoin season will have to wait
1 min read
  • Crypto

Ethena’s ENA token surges 48%, but altcoin season will have to wait

August 22, 2026
Coldcard ships firmware after $114 million bitcoin theft; says AI helped catch more bugs
1 min read
  • Crypto

Coldcard ships firmware after $114 million bitcoin theft; says AI helped catch more bugs

August 22, 2026
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
Copyright © All rights reserved. | MoreNews by AF themes.