… regulation of crypto did, where the crypto industry spent 200, close to $250 million up here on Capitol Hill, and they got the bill they wanted. If that happens, if. If that happens with AI we are in serious existential trouble, not only in this country, but in this world. And I do believe that the Fed, your position has influence, has the ability to seek out those dangers that others may not identify. (04:27–04:36)
CLAIM
Asserts that if AI regulation follows the same path as crypto regulation, it poses a global existential threat.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
