Trump Targets Blockchain Policy Overhaul
President-elect Donald Trump is reportedly considering creating a dedicated “AI czar” position to coordinate federal policy and lead advancements in artificial intelligence (AI).
The potential move underscores Trump’s focus on maintaining America’s technological leadership.
Trump’s Intertwined Leadership in Cryptocurrency and Artificial Intelligence
This role will focus on managing and coordinating federal AI policy, marking a major step toward centralized AI governance in the U.S. government. There is news that Elon Musk has Trump Department of Government Effectiveness (DOGE)may seriously affect the choice. However, it is unlikely that he will assume the role directly.
The proposed AI czar would work with agency AI officials, led by President Joe Biden’s executive order. This office will ensure that the United States is at the forefront of artificial intelligence innovation. It will also address key challenges such as government efficiency and fraud prevention.
Additionally, the AI Czar’s Office will direct private investment in expanding the energy and computing resources needed for AI. These goals are consistent with Trump’s broader technological and economic ambitions, prioritizing Deregulation and private sector growth.
“The appointment of an AI Czar signals that the incoming administration is placing AI at the forefront of its agenda—and rightly so. As the leader of federal AI efforts, the Czar should focus on two key priorities to help achieve The President-elect’s Economic Goals: Accelerate Adoption and Maintain America’s Competitiveness,” Center for Data Innovation explain in a statement.
Just days ago, reports surfaced that Trump was also planning to appoint a “crypto czar” in a parallel move in the digital asset space. Chris Giancarloex-commodity futures The chairman of the Trade Commission (CFTC) is the frontrunner for the position. Known as the “Father of Crypto,” Giancarlo championed the adoption of blockchain and led the Digital Dollar project.
other candidates Members under consideration include Coinbase CEO Brian Armstrong and former Binance.US executive Brian Brooks. Trump’s team is also exploring combining artificial intelligence and cryptocurrency roles into a broader emerging technology czar. Taken together, these developments reflect the interconnected potential of cryptocurrencies and artificial intelligence to reshape the economy.
Cryptocurrency’s Regulatory Shift: Impact and Industry Response
Meanwhile, Trump’s cryptocurrency czar will lead regulatory reforms aimed at promoting innovation while providing transparency to the blockchain industry. Trump promises to create new Digital Asset Oversight Commission, marking outgoing chairman’s departure from SEC’s controversial stance Gary Gensler. Get a stake in a cryptocurrency exchange Bucket Also under discussion is the possibility of aligning Trump’s investments with his policy priorities.
Industry leaders consider these appointments critical. Cardano founder Charles Hoskinson praised the idea of a cryptocurrency czar but stressed the need for a neutral figure who understands the unique potential of blockchain technology.
“Regarding the idea of a White House crypto czar, I think that role needs to be filled by someone who is neutral, works with all protocols, and has a deep understanding of the peculiarities of cryptocurrencies,” Hoskinson wrote.
However, concerns were raised about potential conflicts of interest. Specifically, Musk’s involvement in shaping AI policy could benefit his company, e.g. AI.
In hindsight, the billionaire entrepreneur’s history open fight Competitors include OpenAI’s Sam Altman and Google’s Sundar Pichai. Some believe he could use his relationship with Trump to bolster his company.
Still, by solidifying leadership in artificial intelligence and crypto, Trump aims to position the United States as a global power in emerging technologies. Whether these efforts achieve the ideal balance between innovation and regulation will determine their legacy in these transformative industries.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
