Blockchain could be venturing into fresh territory if a recent speculation about its potential use in authenticating artificial intelligence turns out to be true. This insight was advanced by U.S. Rep. Tom Emmer during the Permissionless II conference. Emmer gives light to the idea that digital assets technology could take the reins in distinguishing real from AI-generated data. A suggestion that introduces a fascinating intersection for blockchain and AI, although with an air of cautious optimism.
At the same conference, Emmer also offered another perspective to the cryptocurrency scene in the United States. He touched on the recent Ripple and Grayscale court victories, threading cautiously, emphasizing the subjection of the victories to appeal. Rays of optimism emerge from the possibility of a forthcoming U.S. Supreme Court ruling that could potentially symbolize a significant setback to the administrative state. His insinuation orbit around the case of Loper Bright Enterprises v. Raimondo, challenging the Chevron Deference doctrine.
While proclaiming the growth in awareness about crypto in Congress, he noted that “You have more members of Congress who have educated themselves than ever before, but we’re not quite there yet.” He further opined that AI should be the pivot point for change in the narrative. The crypto industry, according to him, needs more than just “raising awareness,” it should be coupled with a viable solution.
In the same vein, indications hint at policy distractions on digital assets, possibly resulting in an oversight of the original intent and function of cryptographic currencies – innovation. Despite Emmer playing a part in cosponsoring the Financial Innovation and Technology for the 21st Century Act and the SEC Stabilization Act, the direction and solidity of cryptocurrency policies in the U.S. are still seemingly wavering, a glitch that appears to overshadow the innovative strides accomplished by digital assets technology.
Embarking on the blockchain journey has been a roller coaster, with its highs and lows. As it continues to churn out digital victories – AI authentication, court advantages, and potential Supreme Court triumph, should the pitfalls of distraction and wavering policies not be addressed? Does the tide need to shift away from the controversies and legal back-and-forths to prioritize innovation? In the court of financial modernity, the extent to which the blockchain successfully balances its heights and uncertainties will perhaps serve as its judgement.
Source: Cointelegraph
