Market Cap: $3.6793T -2.630%
Volume(24h): $210.1238B 27.900%
  • Market Cap: $3.6793T -2.630%
  • Volume(24h): $210.1238B 27.900%
  • Fear & Greed Index:
  • Market Cap: $3.6793T -2.630%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$113631.479686 USD

-2.00%

ethereum
ethereum

$3520.743224 USD

-5.26%

xrp
xrp

$2.975668 USD

-1.41%

tether
tether

$0.999590 USD

-0.04%

bnb
bnb

$765.480635 USD

-2.81%

solana
solana

$164.408416 USD

-4.17%

usd-coin
usd-coin

$0.999790 USD

-0.03%

tron
tron

$0.326752 USD

-0.10%

dogecoin
dogecoin

$0.201954 USD

-3.61%

cardano
cardano

$0.722537 USD

-2.09%

hyperliquid
hyperliquid

$38.070603 USD

-8.41%

sui
sui

$3.486261 USD

-3.77%

stellar
stellar

$0.386280 USD

-3.08%

chainlink
chainlink

$16.205186 USD

-4.34%

bitcoin-cash
bitcoin-cash

$540.533382 USD

-4.15%

Cryptocurrency News Articles

Lummis RISE Act: Details Needed on This Timely Legislation for AI

Jun 22, 2025 at 10:06 pm

Senator Lummis' RISE Act aims to protect AI developers, but concerns linger about transparency and liability. Is it a 'giveaway' or a necessary step?

Lummis RISE Act: Details Needed on This Timely Legislation for AI

Senator Cynthia Lummis introduced the Responsible Innovation and Safe Expertise (RISE) Act of 2025, a move hailed as potentially groundbreaking. But is it a well-balanced approach or a giveaway to AI developers? Let's dive in.

What's the Buzz About the RISE Act?

The RISE Act seeks to shield AI developers from civil lawsuits, allowing professionals to better understand AI's capabilities before relying on it. Senator Lummis calls it the nation's “first targeted liability reform legislation for professional-grade AI.” The goal? To encourage innovation without unnecessary legal risks.

Is It a Giveaway or a Necessary Shield?

Reactions are mixed. Some critics, like those at Democratic Underground, see it as a “giveaway” to AI companies, letting them off the hook for their tools' failures. Others, such as Felix Shipkevich, argue it rationally protects developers from strict liability for unpredictable AI behavior, especially without negligence or intent to harm.

The Devil's in the Details: Transparency and Scope

One major concern is transparency. While the RISE Act requires developers to disclose model specifications, some argue it doesn't go far enough. Daniel Kokotajlo from the AI Futures Project points out that companies can choose liability over transparency, potentially hiding unfavorable practices.

The bill's scope is also limited, focusing on scenarios where professionals use AI tools. What about cases where there's no professional intermediary, like chatbots interacting with minors? The tragic case in Florida, where a teen committed suicide after interacting with an AI chatbot, highlights this gap.

US vs. EU: A Tale of Two Approaches

The EU's approach, with its emphasis on human rights, contrasts sharply with the RISE Act's risk-based framework. The EU requires AI developers to proactively demonstrate safety and transparency. Which approach is better? Kokotajlo suggests a risk-based approach focused on creators and deployers is most suitable for the US.

The Road Ahead: Modifications Needed

Most agree the RISE Act is a starting point. Justin Bullock from Americans for Responsible Innovation (ARI) sees it as a constructive first step but also stresses the need for effective transparency evaluations.

Final Thoughts: A Timely Conversation

The Lummis RISE Act sparks a vital conversation about AI liability and transparency. While it may need tweaks, it's a step toward navigating the complex landscape of AI regulation. December 1, 2025, is the proposed effective date, so buckle up; the future of AI regulation is unfolding before our eyes. It's gonna be a wild ride, but hey, at least we're talking about it!

Original source:cointelegraph

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Aug 02, 2025