Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Japan’s FSA eyes crypto reclassification under FIEA to lower capital gains tax to 20%

June 24, 2025

Fake Web3 Wallet Prompt Steals $43,000 from CoinMarketCap Users

June 24, 2025

How to Mint Bitcoin Ordinal NFTs: A Simple, Step-by-Step Guide

June 24, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    4 Factors Boosting the Case for a BTC Price Rally to $120K

    June 24, 2025

    The Blockchain Group Acquires 75 BTC After €7.2M Raise

    June 24, 2025

    Why Benjamin Cowen Is Betting on BTC

    June 24, 2025

    Trader Issues Warning to Bitcoin Top-Callers, Says BTC Still in Stage One Uptrend – Here’s What He Means

    June 23, 2025

    Whale grabs $39M in Ethereum as ETH bleeds – Recovery in sight?

    June 24, 2025

    Bitcoin (BTC) and Ethereum (ETH) Lead $1,240,000,000 of Inflows to Crypto Products Despite Geopolitical Tensions: CoinShares

    June 24, 2025

    Ethereum breaks down! – THESE signals hint at more pain ahead

    June 24, 2025

    Ethereum dominance is rising as other altcoins decline.

    June 23, 2025

    $180, a major test for Solana – A fall below this level means…

    June 24, 2025

    BNB Price Gathers Strength — Upside Potential Looms

    June 24, 2025

    Mantra: Assessing impact of $2.17M whale dump on OM’s price

    June 24, 2025

    Why Is the Crypto Market Going Up Today? BTC, ETH, XRP, and Pi Network Bounce Back Strong

    June 23, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Japan’s FSA eyes crypto reclassification under FIEA to lower capital gains tax to 20%

    June 24, 2025

    Fake Web3 Wallet Prompt Steals $43,000 from CoinMarketCap Users

    June 24, 2025

    How to Mint Bitcoin Ordinal NFTs: A Simple, Step-by-Step Guide

    June 24, 2025

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    June 24, 2025
  • DeFi

    Crypto darknet markets surge on Telegram after Huione Guarantee shutdown: report

    June 24, 2025

    “This weakness will pass:” Arthur Hayes on BTC’s slide under $100k

    June 24, 2025

    Veda locks $18m to push vault-based DeFi beyond the crypto bubble

    June 24, 2025

    Crypto funds defy geopolitical tensions with $1.24b inflows in 10-week streak

    June 23, 2025

    Cardone Capital to acquire 3000 BTC in pivot to Bitcoin-backed real estate strategy

    June 23, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    AUDD Launches on Hedera Blockchain

    June 24, 2025

    $4B Hong Kong Family Office Enters Crypto — How Big is the Bet?

    June 24, 2025

    Polemos Ignites Public Sale Frenzy on Kommunitas Launchpad

    June 24, 2025

    ZachXBT Unmasks $4M Coinbase Crypto Scam – Victims’ Wallets Emptied, Funds Gambled Away

    June 24, 2025

    Fake Web3 Wallet Prompt Steals $43,000 from CoinMarketCap Users

    June 24, 2025

    You’re Hired! North Korea’s new crypto scam starts with a job offer

    June 20, 2025

    North Korean Hackers Deploy Python-Based Trojan Targeting Crypto

    June 20, 2025

    Israeli Hacktivists Steal and Burn $90m+ from Iranian Crypo Biz

    June 19, 2025

    Japan’s FSA eyes crypto reclassification under FIEA to lower capital gains tax to 20%

    June 24, 2025

    Fake Web3 Wallet Prompt Steals $43,000 from CoinMarketCap Users

    June 24, 2025

    How to Mint Bitcoin Ordinal NFTs: A Simple, Step-by-Step Guide

    June 24, 2025

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    June 24, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    AI Created SaaS Market Encountered Highest Growth at a CAGR of 39.4% in Worldwide and Forecast 2025-2032 | Alteryx, Inc, Dropbox, Inc., Datarobot, Inc

    June 24, 2025

    Global Roguelike game market Report Insights and Growth Outlook to 2034 – Strategic Trade Shifts, Tariff Impacts, and Supply Chain Reinvention Driving Competitive Advantage

    June 24, 2025

    WISeKey’s Subsidiaries WISeSat and SEALSQ Launch New Satellite with SpaceX, Enabling the First-Ever DePIN from Space and Advancing Quantum-Safe Space Communications

    June 24, 2025

    Decentralized Education: A New Dawn for Global Learners with Web3

    June 24, 2025

    How to Mint Bitcoin Ordinal NFTs: A Simple, Step-by-Step Guide

    June 24, 2025

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    June 24, 2025

    Investors Find FXGuys a Better Long-Term Option Than Toncoin and Cardano

    June 24, 2025

    How Nifty Island’s AI Agents Bring Life to Virtual Worlds

    June 24, 2025

    Japan’s FSA eyes crypto reclassification under FIEA to lower capital gains tax to 20%

    June 24, 2025

    Fake Web3 Wallet Prompt Steals $43,000 from CoinMarketCap Users

    June 24, 2025

    How to Mint Bitcoin Ordinal NFTs: A Simple, Step-by-Step Guide

    June 24, 2025

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    June 24, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Japan’s FSA eyes crypto reclassification under FIEA to lower capital gains tax to 20%

    June 24, 2025

    USDC, USDT Market Caps Could Grow 30% Annually Under New U.S. Law: Bitget CEO

    June 24, 2025

    Texas could potentially invest up to $2.1B in Bitcoin if it allocates 10% of its treasury fund

    June 24, 2025

    Trump Hosts Pakistan Army Chief in Rare White House Crypto Meeting

    June 24, 2025

    Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers

    June 24, 2025

    TMTG reaffirms Bitcoin commitment amid $400M share buyback plan

    June 24, 2025

    82% of US wealthy investors favor advisers who can deliver informed crypto strategies

    June 24, 2025

    Kazakhstan spearheads crypto progress with Solana Economic Zone

    June 23, 2025

    Japan’s FSA eyes crypto reclassification under FIEA to lower capital gains tax to 20%

    June 24, 2025

    Fake Web3 Wallet Prompt Steals $43,000 from CoinMarketCap Users

    June 24, 2025

    How to Mint Bitcoin Ordinal NFTs: A Simple, Step-by-Step Guide

    June 24, 2025

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    June 24, 2025
  • Analysis

    Solana Rebounds, But Still Remains on Thin Ice—Here’s the SOL Price Prediction for 2025!

    June 24, 2025

    Cathie Wood’s ARK Invest Unloads $238,200,000 Worth of Circle Shares in Just One Week After Massive Price Surge

    June 24, 2025

    Fiserv’s FIUSD stablecoin set to transform payments

    June 23, 2025

    Bitcoin market grip tightens with altseason prospects dimming

    June 23, 2025

    Is BTC Price Gearing Up for a 10% Pullback? Here’s What You Need to Know!

    June 23, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Users Taunt Grok After xAI Says Modifications Were Made to Spit out ‘White Genocide’ Claim

    May 16, 2025

    FTX fights back against 3AC’s ‘unreasonable and unsupportable’ $1.53B claim

    June 24, 2025

    OKX’s US comeback may reportedly lead to an IPO launch amid wave of interest

    June 24, 2025

    World App’s parent company acquires Dawn Wallet, warns of an app ‘wind down’

    June 21, 2025

    Iran-based crypto exchange hacked for $48M amid cyberattack claims by Israel-linked group

    June 20, 2025

    Japan’s FSA eyes crypto reclassification under FIEA to lower capital gains tax to 20%

    June 24, 2025

    Fake Web3 Wallet Prompt Steals $43,000 from CoinMarketCap Users

    June 24, 2025

    How to Mint Bitcoin Ordinal NFTs: A Simple, Step-by-Step Guide

    June 24, 2025

    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    June 24, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Taxes & Regulation»Cynthia Lummis Proposes Artificial Intelligence Bill, Requiring AI Firms to Disclose Technicals
Taxes & Regulation

Cynthia Lummis Proposes Artificial Intelligence Bill, Requiring AI Firms to Disclose Technicals

June 14, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Senator Cynthia Lummis Introduces RISE Act to Clarify Liability Frameworks for AI

Senator Cynthia Lummis (R-WY) has recently introduced the Responsible Innovation and Safe Expertise (RISE) Act of 2025, a legislative proposal aimed at providing clarity on liability frameworks for artificial intelligence (AI) used by professionals.

The bill, if passed, could bring much-needed transparency from AI developers without mandating that AI models be open source.

Professional Accountability with AI

In a press release, Lummis emphasized that the RISE Act would ensure that professionals, including physicians, attorneys, engineers, and financial advisors, remain legally responsible for the advice they provide, even when it is influenced by AI systems.

Under the proposed legislation, AI developers can only shield themselves from civil liability if they publicly release model cards. These model cards are detailed technical documents that disclose essential information about an AI system, such as training data sources, intended use cases, performance metrics, limitations, and failure modes.

“Wyoming values both innovation and accountability; the RISE Act creates predictable standards that promote safer AI development while upholding professional autonomy,” Lummis stated in the press release.

Clear Boundaries for Immunity

While the RISE Act offers immunity for developers, it comes with clear boundaries. Developers are not protected in cases of recklessness, willful misconduct, fraud, knowing misrepresentation, or actions outside the defined scope of professional usage.

Moreover, developers are required to maintain ongoing accountability under the RISE Act. They must update AI documentation and specifications within 30 days of deploying new versions or identifying significant failure modes, reinforcing the obligation for continuous transparency.

See also  Spiko Brings Its Treasury Bill Money Market Funds to Etherlink

Stopping Short of Open Source

The RISE Act, as currently drafted, does not mandate that AI models become fully open source. Developers can withhold proprietary information, provided that the redacted material is not related to safety, and each omission is accompanied by a written justification explaining the trade secret exemption.

In a previous interview with CoinDesk, Simon Kim, CEO of Hashed, expressed concerns about centralized, closed-source AI systems that operate as black boxes. Kim highlighted the dangers of creating foundational models that are controlled by a select few individuals, likening it to creating a ‘god’ without understanding its workings.

Artificial bill Cynthia disclose firms Intelligence Lummis proposes Requiring technicals
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Japan’s FSA eyes crypto reclassification under FIEA to lower capital gains tax to 20%

June 24, 2025

USDC, USDT Market Caps Could Grow 30% Annually Under New U.S. Law: Bitget CEO

June 24, 2025

Texas could potentially invest up to $2.1B in Bitcoin if it allocates 10% of its treasury fund

June 24, 2025

Trump Hosts Pakistan Army Chief in Rare White House Crypto Meeting

June 24, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

6 Best Platforms to Trade Crypto Options

December 2, 2024

Trump Family’s World Liberty Financial (WLFI) Transfers $59,800,000 in Ethereum to Coinbase Prime: On-Chain Data

January 17, 2025

Crypto.com refuses to fund user’s XRP wallet citing EU’s new rule

January 1, 2025
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Japan’s FSA eyes crypto reclassification under FIEA to lower capital gains tax to 20%

June 24, 2025

Fake Web3 Wallet Prompt Steals $43,000 from CoinMarketCap Users

June 24, 2025

How to Mint Bitcoin Ordinal NFTs: A Simple, Step-by-Step Guide

June 24, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.