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

GMX hacker returns stolen funds after bounty negotiation 

July 12, 2025

Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried

July 12, 2025

Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche

July 12, 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

    BlackRock’s ETHA Books Record Inflow as ETFs Attract $700M This Week

    July 12, 2025

    KULR Technology Increases Bitcoin Holdings To $101 Million

    July 11, 2025

    Analysts Predict Bitcoin to Hit $140K With Strong Momentum 

    July 11, 2025

    $687,220,000 in Bitcoin Shorts Liquidated in Just One Hour As BTC Explodes To $116,000

    July 11, 2025

    Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche

    July 12, 2025

    Ethereum Price Poised for $4,000 Rally

    July 11, 2025

    Breakout Above $2,800 Could Ignite Altseason

    July 11, 2025

    Ethereum: What’s standing between ETH and $3K? – Data suggests…

    July 11, 2025

    XRP Price Rallies 10%, Yet 2,000 Traders FOMO This AI Presale

    July 12, 2025

    Zero-Knowledge Proof Altcoin Lagrange (LA) Crashes Following Announcement of New Binance Listing

    July 11, 2025

    Hyperliquid to onboard 10M Phantom users – Will HYPE hit $120 now?

    July 11, 2025

    Bitcoin Uptrend Intact, But Binance Activity Warns Of Short-Term Pullback

    July 11, 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

    GMX hacker returns stolen funds after bounty negotiation 

    July 12, 2025

    Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried

    July 12, 2025

    Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche

    July 12, 2025

    Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

    July 12, 2025
  • DeFi

    GMX hacker returns stolen funds after bounty negotiation 

    July 12, 2025

    Opyn’s top minds defect to Coinbase in strategic shift toward onchain derivatives

    July 11, 2025

    SEI targets 55% rally as native USDC support sparks inverse H&S breakout

    July 11, 2025

    Robinhood launches ETH, SOL staking services for US users with $1 minimum

    July 11, 2025

    Corporate Bitcoin holdings hit $91B as Q2 sees record surge in adoption

    July 11, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried

    July 12, 2025

    OpBNB Dominates in Blockchain Gaming UAWs, SKALE, RONIN, SEI, WAX & Other Ranked Top Performers

    July 12, 2025

    Crypto-Stealing Malware Surges as Scammers Impersonate AI, Web3 Startups — Here’s the Catch

    July 11, 2025

    German State Bank Issues €100M Bond on Polygon – Is TradFi Finally Embracing Crypto?

    July 11, 2025

    Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

    July 11, 2025

    Scam targets dormant Bitcoin wallets with fake legal notice

    July 9, 2025

    North Korean Hackers Target Crypto Firms with Novel macOS Malware

    July 3, 2025

    Crypto firms paid $2.7M monthly to North Korean workers

    July 3, 2025

    GMX hacker returns stolen funds after bounty negotiation 

    July 12, 2025

    Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried

    July 12, 2025

    Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche

    July 12, 2025

    Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

    July 12, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    Best Crypto Casino Review Websites for Bitcoin & No-KYC Gamblers in 2025

    July 12, 2025

    DNS Records Explained: A Beginner’s Guide to A, CNAME, TXT, and More

    July 11, 2025

    Top Trends Transforming the Sensor Fusion Market Landscape in 2025: Technological Advancements In Sensor Fusion Technology Transform Market Presence

    July 11, 2025

    .cgai — Protect Your Images from Theft and Public Misuse

    July 11, 2025

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    July 11, 2025

    ChatGPT vs X: Who Sees Crypto Narratives First?

    July 10, 2025

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    July 10, 2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    July 10, 2025

    GMX hacker returns stolen funds after bounty negotiation 

    July 12, 2025

    Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried

    July 12, 2025

    Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche

    July 12, 2025

    Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

    July 12, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Malta’s MiCA license process under scrutiny by EU regulators

    July 12, 2025

    Tornado Cash Judge Won’t Let One Case Be Mentioned in Roman Storm’s Trial: Here’s Why

    July 12, 2025

    6 Best Anonymous Crypto Wallets: Hide your Identity Legally

    July 11, 2025

    US Senate targets Bukele’s El Salvador, bill calls to sanction BTC strategy

    July 11, 2025

    Bitcoin treasury adoption up 3x YoY, corporates accumulated 725,000 BTC so far

    July 11, 2025

    Circle’s USDC aims for China breakthrough with Ant Group alliance

    July 10, 2025

    SharpLink stock continues surging as treasury tops 200k Ethereum

    July 10, 2025

    Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

    July 10, 2025

    GMX hacker returns stolen funds after bounty negotiation 

    July 12, 2025

    Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried

    July 12, 2025

    Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche

    July 12, 2025

    Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

    July 12, 2025
  • Analysis

    Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

    July 12, 2025

    Omni Network Price Skyrockets 164%, Should You Buy Now?

    July 11, 2025

    Memecoin platform Pump.fun targets third-largest token sale in history

    July 11, 2025

    Anthony Scaramucci Says $180,000 Bitcoin Price Explosion Possible As BTC ‘Supremacy’ Creeps Up – Here’s His Timeline

    July 11, 2025

    Can Bulls Push DOGE Price to $0.22?

    July 11, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    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

    Trump crypto holdings edge higher as WLFI pushes for open trading

    July 12, 2025

    Coinbase partners with Perplexity for real-time crypto insights via AI

    July 11, 2025

    Rumble teams up with MoonPay to power crypto-fiat wallet integration

    July 11, 2025

    GMX suffers $42M hack, issues 10% bounty offer to hacker

    July 10, 2025

    GMX hacker returns stolen funds after bounty negotiation 

    July 12, 2025

    Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried

    July 12, 2025

    Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche

    July 12, 2025

    Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

    July 12, 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  Judge Declines to Order DOJ to Review Records in Roman Storm Case

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

Malta’s MiCA license process under scrutiny by EU regulators

July 12, 2025

Tornado Cash Judge Won’t Let One Case Be Mentioned in Roman Storm’s Trial: Here’s Why

July 12, 2025

6 Best Anonymous Crypto Wallets: Hide your Identity Legally

July 11, 2025

US Senate targets Bukele’s El Salvador, bill calls to sanction BTC strategy

July 11, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Deutsche Bank Teaming Up With This Binance-Listed Altcoin To Build Its Own Blockchain

December 23, 2024

Fantom [FTM] crypto price prediction: Why $1.6 is near

December 17, 2024

Biggest Crypto News of January 2025 – Huge Regulatory Changes Incoming?

February 5, 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

GMX hacker returns stolen funds after bounty negotiation 

July 12, 2025

Weekly Crypto Regulation Roundup: Trump Slams Musk, Tim Scott Backs Blockchain, and Broker Rule Gets Buried

July 12, 2025

Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche

July 12, 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.