John P. Cahill

John Cahill (Associate-White Plains, NY) addressed the need for Congress to regulate artificial intelligence (AI) development, particularly when it comes to security and privacy, in the November 22, 2023, posting of Cointelegraph, which covers fintech, blockchain and Bitcoin along with crypto news and analyses on the future of money. John posits that the string of executive orders regarding the use of AI and digital assets issued by the Biden Administration will have a limited impact as each tasks “agencies with promulgating laws can cause confusion and apprehension among investors, and are ultimately open to interpretation by the courts.” John concludes that without congressional action, the interests and concerns of constituents will not be thoroughly addressed. This gap could lead to disagreements between government agencies and prominent companies, which is precisely what is currently happening in the digital asset ecosystem.