Blockchain could authenticate AI as crypto racks up legal victories: Rep. Emmer

United States Representative Tom Emmer told an audience at Permissionless II that things are looking up for crypto and that it's time to focus the story on innovation.

Blockchain could be used to authenticate reality from what is generated by artificial intelligence (AI), suggested Congressman Tom Emmer on September 11 at the Permissionless II conference. This would combine well with other progress seen in U.S. cryptocurrency policy, he said.

Speaking before a panel, Emmer began on a cautious note, saying that Ripple and Grayscale's recent victories in court are still subject to appeal. But an upcoming decision from the United States Supreme Court “will perhaps […] put a stake at the heart of the administrative state.”

Emmer was apparently referring to the case of Loper Bright Enterprises v. Raimondo, a challenge to the Chevron deference doctrine, which established in 1984 that a court must defer to a government agency when the law is unclear.

Related: Rep. Tom Emmer sponsors amendment to limit SEC crypto oversight

What the crypto industry needs from Congress is “to educate the industry and then find a solution,” Emmer said. He added:

“There are more members of Congress who are educated than ever before, but we're not there yet. »

A change of discourse is necessary. “I would suggest this crowd start doing it through AI,” Emmer said. Congress Raises Red Flags About Determining “What’s Real and What’s Fake.” But:

“Guess what? Digital asset technology is the authenticator. »

Meanwhile, “They are still focused on FTX. Even if it's [...] a fraud as old as finance, they still managed to distract everyone because of the FTX thing, and we didn't come back...