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Dem rep asks Bessent to 'talk sense' into Trump on regulating AI
Democratic Rep. Stephen Lynch (Mass.) on Tuesday urged Treasury Secretary Scott Bessent to convince President Trump to reverse course on regulating artificial intelligence (AI). During Bessent’s appearance before the House Financial Services Committee, Lynch said Trump does not have “a grasp” of “what we’re dealing with” regarding AI. “I’ll be honest, I don’t think the...
Waters has heated exchange with Bessent on AI
Rep. Maxine Waters (D-Calif.) went after Treasury Secretary Scott Bessent on Tuesday for the Trump administration’s policy on artificial intelligence, as warnings about the technology percolate. During Bessent’s appearance before the House Financial Services Committee, Waters said President Trump is “blindly” pushing for the development of AI models and data centers “with absolutely no safeguards.”...
California Democrat: 'We need to have a safety stand-down with AI'
Rep. George Whitesides (D-Calif.) on Monday said that the U.S. needs "a safety stand-down" regarding AI amid growing calls for regulation coming from both the tech industry and members of Congress. "I'm setting out a vision for how we need to develop AI," Whitesides told NewsNation's Blake Burman on "The Hill." "I think we need,...
Ossoff: ‘Compromised’ Trump won’t regulate AI
Sen. Jon Ossoff (D-Ga.) on Monday said President Trump likely will not heed calls from technology leaders to implement guardrails on the development of AI because of his family’s investments in the industry. The Georgia Democrat pointed to venture capitalist firm 1789 Capital — where Trump's eldest son, Donald Trump Jr., is a partner —...
Chris Land: Staff director, Senate Banking subcommittee on digital assets
Chris Land’s journey to becoming the lead negotiator on a major Senate cryptocurrency bill started far from the halls of Congress. Land, who serves as the staff director for the Senate Banking, Housing and Urban Affairs Subcommittee on Digital Assets, was working in the Wyoming Legislature after law school, not planning to work on crypto,...
GOP leaders throw cold water on AI regulation despite apocalyptic industry warnings
GOP leaders in the Capitol and White House are throwing cold water on the notion of quickly adopting new AI safeguards, despite an apocalyptic new warning from industry titans about the threat the technology poses to humankind. Speaker Mike Johnson (R-La.) quickly dismissed the idea of moving swiftly to enact new regulations on the rapidly...
Crypto regulation bill faces key Senate test
A cryptocurrency regulation bill is poised to face a key test on the Senate floor this week, as lawmakers weigh whether to advance the measure after nearly a year of negotiations. Supporters of the Clarity Act are trying to get crypto-friendly Democrats and a handful of GOP holdouts on board to clear the procedural vote...
As AI fears spike, Trump bats down calls for regulation
President Trump is downplaying the mounting concerns about artificial intelligence and resisting calls for regulation, putting him out of step with a growing chorus of worries coming from within the tech industry and both sides of the political aisle. Trump, speaking with reporters over the weekend and in social media posts on Monday, said warnings...
Jeffries calls on Congress to stay in Washington to address AI concerns
House Minority Leader Hakeem Jeffries (D-N.Y.) is calling on House GOP leaders to remain in Washington to allow Congress to consider new limits on AI companies following dire warnings from industry insiders about the threat the technology poses to humanity. Speaking to reporters Monday in the Capitol, Jeffries said the calls for a slowdown from...
Thune: Legislation to regulate AI needs to have a 'light touch'
Senate Majority Leader John Thune (R-S.D.) on Monday said any legislation Congress passes to regulate AI must have a “light touch” so as not to stifle innovation and tempered recent warnings that superintelligent AI could exterminate humanity as a “worst-case scenario.” “It needs to strike a balance, light touch. You don’t want to stifle innovation...