The Bitcoin and cryptocurrency market is potentially facing uncertainty as US President Joe Biden contemplates issuing an executive order on artificial intelligence (AI), which could have significant implications for the crypto industry.
A leaked report by Forbes suggests that the order may require companies like Microsoft, Google, and Amazon to disclose customer purchases of processing power above a certain threshold.
This move has raised concerns among industry experts, with some suggesting it could negatively impact activities such as Bitcoin mining and AI model development.
The report also references computing power as a “national resource” and raises questions about the environmental impact of Bitcoin mining.
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