Crypto’s biggest week ever? Swarm fears prompt AI slowdown: Hodler’s Digest
Crypto’s moment of CLARITY finally arrives with a key Senate vote on Tuesday. AI swarm fears prompt development slowdown, with some predicting big falls in AI stock prices.
The CLARITY Act, a key Senate bill, is set for a crucial vote on September 15 after a Senate hearing on Sunday. Although Democrats have expressed concerns over ethics provisions, stablecoin yield, and protections for decentralized developers, the bill has doubled in size to over 630 pages following a year-long effort by both parties.
President Trump met with advisors to discuss potential curbs on his crypto empire, while White House advisor Patrick Witt expressed optimism about the bill's prospects. AI swarm fears prompted a slowdown in AI development, with some predicting significant drops in AI stock prices. Anthropic CEO Dario Amodei called for a slowdown in AI development, citing the risk of "outrunning our ability to understand and control these systems."
Elon Musk and Sam Altman also expressed concerns, with OpenAI putting an IPO on hold. Russian and Chinese-speaking operators have allegedly used Anthropic's Claude AI to automate cyberattacks, raising questions about legal liability for rogue AI agents. Bitcoin infrastructure company Blockstream refused to pay a ransom to hackers who drained 4,000 Bitcoin from the Liquid Network, stating it was theft, not white-hat activity.
Ledger's CTO Charles Guillemet warned that AI has made bugs easier to find and exploit, urging researchers to report vulnerabilities privately. Robinhood's crypto trading volume surged 61% month-over-month in August, though it remained 38% below the previous year.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
