Kevin Hassett opposes new bureaucracy for AI approvals, warns it could push innovation to China
Crypto Briefing
Kevin Hassett warns that creating a new AI-focused regulatory bureaucracy could stifle American innovation and benefit China's technological development.Summary
Kevin Hassett, Director of the White House National Economic Council, is advocating against creating a new federal agency for AI model approvals, comparing such a move to an 'FDA for algorithms.' He argues that utilizing existing government frameworks is preferable to new bureaucracy, which he fears would push innovation to China. Hassett highlights AI's potential to boost U.S. GDP growth to 4%, urging a regulatory approach that prevents bottlenecks while maintaining American competitiveness.
(Source：Crypto Briefing)