Trump Pauses AI Trade Rule, Should Scrap It for Good
The Biden Administration was hell-bent on restricting access to AI.
Then we got DeepSeek.
What we really want is American dominance of AI and that takes scale and money and reputation.
If we force our strategic opponents into diving into AI development, well, we’ll only have ourselves to blame.
‘Instead of restricting American AI with bureaucracy, the president should focus on deploying it, globally and quickly.’
California Lawmakers Push Back on Federal AI Regulation Ban Buried in 'One Big Beautiful Bill Act'
California regulators are opposed to two-line provision in federal tax bill that would take away the state’s ability to set national AI regulatory policy, in effect.
‘Given the state’s role as home to many leading AI companies, a bipartisan coalition of California legislators is urging Congress to strike a little-noticed provision from the sweeping federal tax package that would block states and local governments from regulating artificial intelligence (AI) for the next decade.
‘The two-sentence-long provision they oppose appears deep within the "One Big Beautiful Bill Act," a 1,116-page Republican-led tax bill that passed the House by a single vote in the early morning hours of May 22.’
How Trump AI Law Could Spark a Constitutional Crisis
The absence of regulation is, in and of itself, a specific AI system regulation in federal law, but the states will likely challenge the attempt to ban state regulation of AI in the Big Beautiful Bill, claiming that they merely seek to fill the regulatory vacuum created by federal inaction.
‘"Under the Supremacy Clause of the Constitution, Congress can pass legislation that preempts states from regulating in specific fields. But in the absence of a comprehensive scheme of AI regulation or specific AI system regulation in federal law, the Constitution reserves broad regulatory authority for the states."’
JD Vance Declares War on Anti-Crypto Bureaucracy at Bitcoin 2025
They’re not mincing words. Criminal enforcement as a replacement for the lack of policy direction from Congress is not an option.
‘JD Vance became the first U.S. vice president to address a crypto-focused crowd—and used the platform to rip into SEC overreach, elevate blockchain to national priority status, and make it clear: the White House is backing Bitcoin, not backing off.
‘“We reject regulators, and we fired Gary Gensler,” he said, hammering the very agency that’s spent the last four years tangling with Coinbase, Ripple, Uniswap, and just about every major protocol with a legal team.’
ABA’s Ybarra: Stablecoin regulation must not undermine the banking system
Will widespread adoption of stablecoins lead to a contraction in credit creation via the banking system? Maybe.
Will others step into the breach? Maybe.
But the banks don’t want to risk it.
Every regulation brings out its self-interested response.
‘Establishing a robust regulatory framework for stablecoin that integrates with, rather than disintermediates, the banking industry is critical to ensure financial stability and the ongoing vibrancy of the U.S. economy, American Bankers Association SVP for Innovation and Strategy Brooke Ybarra writes in a new opinion column for American Banker.
‘The GENIUS Act in the Senate would establish a regulatory framework for payment stablecoin. Ybarra writes that whatever framework is adopted, “it should not interrupt the flywheel for credit creation by incentivizing value to be held in the form of payment stablecoin rather than bank deposits.” One means of accomplishing this would be to prohibit the use of financial inducements on payment stablecoin, such as PayPal recently proposed by offering a 3.7% reward on balances held in PayPal and Venmo wallets.’
Industry Escalates Fight Against State Broadband ‘Rate Regulation’
More partial equilibrium thinking from the states.
· All product pricing is just rent extraction
· They can regulate the amount of rent any industry can extract in order to increase accessibility, in this case to broadband
They fail to recognize the ways in which the industry will react, to the general cost of everyone.
‘Broadband trade groups intensified their opposition to state-imposed broadband price caps this week.
‘On Thursday, ACA Connects released a study conducted by consulting firm Cartesian warning that such regulations could slash broadband investment by up to 41 percent.’
US lawmakers introduce bipartisan regulatory framework for digital assets
What do we want? Regulatory clarity.
When do we want it? Now.
‘US Representative French Hill has announced the introduction of the much-awaited market structure bill for digital assets. The “Digital Asset Market Clarity Act of 2025” or “CLARITY Act of 2025” comes with support from lawmakers across both sides of the aisle, including three Democratic co-sponsors.
‘The bill covers the roles of both the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on digital assets oversight, seeking to resolve longstanding questions about which agency oversees which types of digital assets.’