Trump Dismantles Biden’s AI Rules on Day One

On his first day back in office, President Donald Trump revoked Joe Biden’s AI executive order, sparking debates about innovation, overregulation, and the future of artificial intelligence in the United States.

Author

Steven Walgenbach
January 21, 2025

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Breaking Crypto Stories

Here are the top stories today:

  • Trump Swings Axe on Biden’s Sweeping AI Executive Order

  • Ramaswamy Exits DOGE for Ohio Governor Bid, Leaving Musk as Sole Head

  • Elon Musk-Led Department of Government Efficiency Faces Lawsuit Minutes After Trump’s Inauguration

  • Ethereum Foundation Faces Calls to Stake Ether Instead of Selling

  • Trump Accused of ‘Pump and Dump Scheme’ With the Launch of $TRUMP and $MELANIA Coins

Question of the Day

What will Trump focus on in his inauguration speech?

US President Donald Trump revoked several of Joe Biden's executive orders on his first day back in office, including a 2023 order establishing AI safety and security standards, drawing criticism from tech experts and policy advocates who warned of potential risks to innovation and public safety.

  • Trump rescinded Biden’s 2023 AI executive order, which mandated safety test reporting and ethical guidelines for AI development, citing overregulation concerns.

  • Prominent tech leaders like Mark Zuckerberg and Sundar Pichai stood with Trump at his inauguration, aligning with his deregulatory approach to AI.

  • Policy experts warned that the rollback could expose Americans to AI-related risks and diminish safeguards, while libertarians noted the loss of provisions supporting skilled AI worker immigration.

Vivek Ramaswamy has stepped down as co-leader of the Department of Government Efficiency (DOGE) to potentially run for Ohio governor, leaving Elon Musk as the sole head of the controversial advisory body created by President Trump to streamline government operations.

  • Vivek Ramaswamy announced his departure from DOGE, citing intentions to pursue a political career, likely as a candidate for Ohio governor.

  • Elon Musk remains the sole leader of DOGE, which aims to reduce federal spending through budget cuts and mass firings, while facing lawsuits over transparency concerns.

  • Ramaswamy’s departure follows reports of strained relationships with Musk and others, fueled by his critiques of American culture and hiring practices in the tech industry.

Elon Musk’s newly formed Department of Government Efficiency (DOGE) faces a lawsuit alleging violations of federal transparency laws.

  • Elon Musk’s newly launched Department of Government Efficiency (DOGE) is facing immediate legal action from a transparency watchdog, alleging non-compliance with federal laws governing public access to meetings.

  • Appointed by Trump, Musk and co-leader Vivek Ramaswamy aim to streamline federal operations by 2026, despite criticism over the agency's transparency and public accountability.

  • DOGE’s acronym and Musk’s involvement have boosted Dogecoin’s popularity, intertwining government reform efforts with cryptocurrency hype.

🔒️Ethereum Foundation Faces Calls to Stake Ether Instead of Selling

The Ethereum Foundation faces calls from the community to stake its ETH instead of selling it, with Vitalik Buterin addressing concerns about regulatory risks and hard fork neutrality.

  • The Ethereum Foundation faces community calls to stake its ETH holdings instead of selling them, with proponents suggesting staking and DeFi solutions to fund operations sustainably.

  • Buterin highlights regulatory risks and the potential for hard fork neutrality issues as key reasons for the Foundation’s hesitance to stake its ETH.

  • The debate underscores tensions between financial sustainability and decentralization, with the Foundation’s decisions expected to shape the Ethereum ecosystem’s evolution.

Donald and Melania Trump’s launch of meme coins $TRUMP and $MELANIA, which surged to a combined $16 billion valuation before collapsing, has sparked allegations of pump-and-dump schemes.

  • Donald and Melania Trump’s meme coins, $TRUMP and $MELANIA, surged to a combined $16 billion valuation before collapsing, sparking accusations of financial exploitation and pump-and-dump schemes.

  • The launches triggered significant market volatility, with $TRUMP losing 38% of its value following $MELANIA’s introduction, resulting in an estimated $30 billion in value destruction.

  • Critics argue the coins reflect poorly on Trump’s ethical judgment, raising concerns about leveraging political influence for financial gain amid calls for better management and potential legal scrutiny.

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