
In order to “make America the world capital in artificial intelligence,” U.S. President Donald Trump signed an executive order on Thursday, according to his adviser, who spoke to media in the Oval Office of the White House.
According to the directive, an AI Action Plan must be created within 180 days in order to develop a strategy “to sustain and enhance America’s global AI dominance in order to promote human flourishing, economic competitiveness, and national security.”
Additionally, Trump instructed his national security assistant and AI adviser to seek to repeal the rules and practices implemented by former President Joe Biden.
A 2023 executive order written by Biden that aimed to lessen the threats that artificial intelligence poses to workers, consumers, and national security was withdrawn by Trump on Monday.
In accordance with the Defense Production Act, Biden’s directive mandated that creators of AI systems that endanger public health, safety, the economy, or national security in the United States share the outcomes of safety tests with the government before making them available to the general public.
Additionally, Trump issued an executive order establishing a working committee on cryptocurrencies, whose duties include investigating the possibility of establishing a cryptocurrency stockpile and suggesting a new legal framework for digital assets.
The highly anticipated decision also prohibited the development of central bank digital currencies that could compete with already-existing cryptocurrencies and mandated the protection of banking services for cryptocurrency enterprises.
Trump’s campaign promise to be a “crypto president and promote the adoption of digital assets” is being fulfilled with the directive.
This stands in sharp contrast to Biden’s regulators, who cracked down on cryptocurrency companies in an effort to save Americans from fraud and money laundering. They filed lawsuits against Coinbase, Binance, Kraken, and hundreds of other exchanges in federal court, claiming they were breaking American laws.
The Treasury secretary, the attorney general, the chairs of the Securities and Exchange Commission and the Commodity Futures Trading Commission, as well as other agency heads, will comprise the working group. Creating a regulatory framework for digital assets, such as stablecoins—a kind of cryptocurrency that is usually based on the US dollar—is the group’s assignment.
Trump appointed David Sacks, a venture entrepreneur and former PayPal executive, as his czar for artificial intelligence and cryptocurrency in December. The directive stated that he would chair the group.
Lastly, Trump signed pardons for 23 anti-abortion demonstrators in the White House Oval Office on Thursday.
The pardons were made the day before the annual March for Life, which was scheduled to bring anti-abortion demonstrators to Washington.
FAQ
The executive order aims to make America the global leader in artificial intelligence by creating an AI Action Plan within 180 days. The plan will focus on promoting human flourishing, economic competitiveness, and national security while sustaining and enhancing the country’s global AI dominance.
Trump repealed Biden’s 2023 executive order, which required AI system creators to share safety test results for technologies that might endanger public health, safety, or national security. This move eliminates some safeguards intended to mitigate AI risks.
The working group will explore the possibility of creating a cryptocurrency stockpile, develop a regulatory framework for digital assets, and ensure the protection of banking services for cryptocurrency businesses. It will also prohibit the development of central bank digital currencies (CBDCs) that could compete with existing cryptocurrencies.
David Sacks, a venture entrepreneur and former PayPal executive, was appointed as the czar for artificial intelligence and cryptocurrency. He will chair the working group responsible for shaping these policies.
Trump pardoned 23 anti-abortion demonstrators in the White House Oval Office, aligning with his support for the anti-abortion movement. The pardons were granted just before the annual March for Life event in Washington, reflecting his continued alignment with the cause.