So, this leaves us with a few questions. What were the Big Beautiful Bill’s positions on AI? Why did the Senate overwhelmingly reject them? Can we expect the AI token market to continue showing reduced trade volumes and market capitalization?
The bill’s plan, essentially, was to impose a 10-year moratorium on AI regulation for all US states. This may have taken the form of an outright ban or a more roundabout method.
It would have proposed a $500 million fund on AI infrastructure development, but only states with zero AI regulations could access this money. Google and OpenAI supported this plan.
Such a vision would’ve created a lot of problems, and pro-crypto Senators even turned on it. If the bill banned AI regulation for 10 years, states would be powerless to prevent future AI-related crimes.