U.S. Congressman Tom Emmer spoke about the current legislative and judicial landscape for the crypto industry.
Blockchain could be used to authenticate the real from what is generated by artificial intelligence , Congressman Tom Emmer suggested Sept. 11 at the Permissionless II conference. That would combine nicely with other progress being seen in United States cryptocurrency policy, he said.
Speaking on a panel, Emmer began on a cautious note, saying the recent Ripple and Grayscale wins in court are still subject to appeal. But an upcoming U.S. Supreme Court ruling “is going to perhaps […] put a stake into the heart of the administrative state.”of Loper Bright Enterprises v. Raimondo, a challenge to the Chevron deference doctrine, which in 1984 established that a court should defer to a government agency when legislation is unclear.
“You have more members of Congress who have educated themselves than ever before, but we're not quite there yet.” A change in narrative is needed. “The way I would suggest this crowd start doing it is through AI,” Emmer said. Congress is raising red flags about determining “what’s real and what’s false.” But:Meanwhile, “They’re still focused on FTX. Even though it's […] a fraud as old as finance, they’ve still been able to distract everybody because of the FTX thing, and we haven't gotten back to the innovation and all the success that is in this space, what it means for individuals.
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