The crypto industry has yet to turn the popularity of its assets into a ramrod that can move policymakers.
get their news from their favored social media app, which likely prioritizes content that engages rather than educates. And when constituents are whipped up by trending topics and viral posts, lawmakers have less political freedom to craft middle-of-the-road policies.
Crypto market participants have sought to penetrate America’s most highly regulated sector, financial services, which can be immune to the move fast and break things ethos that helped companies like Uber and Lyft outflank entrenched transportation policies in the early 2010s. Crypto market participants have yet to turn the popularity of their assets into a ramrod that can move Washington in line with their favored regulatory framework.
As the AI industry examines D.C.’s approach to crypto and glimpses into its future political risks and policy fights, how can it avoid ending up in the same regulatory logjam that crypto finds itself in? The lack of hardened policy positions in either party creates an opportunity for the AI industry to press another advantage, namely the massive amounts of capital it has. The industry needs to use that capital to run a considerable public affairs campaign that folds AI technology into the broader American story, highlighting the technology’s benefits to everyday Americans and making the case for keeping the next generation of innovation in America.
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