Sam Altman Warns US Government Waging War on Bitcoin and Crypto, Says There’s a Clear Role for Regulation
The chief executive of artificial intelligence (AI) firm OpenAI says that the US government is waging war on crypto assets.
In a new interview on the Joe Rogan Experience, OpenAI CEO Sam Altman says that the government’s actions against digital assets are upsetting – but adds there is a clear role for regulations within the industry.
“I am very worried about how far the surveillance state could go here. But in a world where payments, for example, are no longer bags of cash but done somehow digitally – somebody, even if you’re using Bitcoin – can watch those flows. I think that’s a corruption-reducing thing…
There are many things that I’m disappointed that the US government has done recently, but the war on crypto – which is a think is like, ‘We can’t give this up so let’s control it’ – that’s the thing that makes me quite sad about the country.”
However, Altman goes on to say that he’s not anti-regulations, citing the multibillion-dollar collapse of FTX as an example of why they’re needed.
“I’m not anti-regulation. I think there’s clearly a role for it. And I also think that FTX was sort of a comically bad situation.”
Altman – who started the identity-based crypto project Worldcoin (WLD) – also says that the existence of currencies not controlled by governments like Bitcoin (BTC) is a huge technological step for mankind.
“I helped start a project called Worldcoin a few years ago. And so I’ve gotten to learn more about the space, I’m excited about it for the same reason I’m excited about Bitcoin, too. I think this idea that we have a global currency that is outside the control of the government is a super logical and important step on the tech tree.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Sam Altman Warns US Government Waging War on Bitcoin and Crypto, Says There’s a Clear Role for Regulation appeared first on The Daily Hodl.
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Sam Altman Warns US Government Waging War on Bitcoin and Crypto, Says There’s a Clear Role for Regulation
The chief executive of artificial intelligence (AI) firm OpenAI says that the US government is waging war on crypto assets.
In a new interview on the Joe Rogan Experience, OpenAI CEO Sam Altman says that the government’s actions against digital assets are upsetting – but adds there is a clear role for regulations within the industry.
“I am very worried about how far the surveillance state could go here. But in a world where payments, for example, are no longer bags of cash but done somehow digitally – somebody, even if you’re using Bitcoin – can watch those flows. I think that’s a corruption-reducing thing…
There are many things that I’m disappointed that the US government has done recently, but the war on crypto – which is a think is like, ‘We can’t give this up so let’s control it’ – that’s the thing that makes me quite sad about the country.”
However, Altman goes on to say that he’s not anti-regulations, citing the multibillion-dollar collapse of FTX as an example of why they’re needed.
“I’m not anti-regulation. I think there’s clearly a role for it. And I also think that FTX was sort of a comically bad situation.”
Altman – who started the identity-based crypto project Worldcoin (WLD) – also says that the existence of currencies not controlled by governments like Bitcoin (BTC) is a huge technological step for mankind.
“I helped start a project called Worldcoin a few years ago. And so I’ve gotten to learn more about the space, I’m excited about it for the same reason I’m excited about Bitcoin, too. I think this idea that we have a global currency that is outside the control of the government is a super logical and important step on the tech tree.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Sam Altman Warns US Government Waging War on Bitcoin and Crypto, Says There’s a Clear Role for Regulation appeared first on The Daily Hodl.
Read More