Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
What's Hot

The XRP Whale Outflow Continues on Binance – What’s Happening?

2026-03-08

HashKey Chain introduces the first tokenized real estate RWA in Hong Kong

2026-03-07

Here’s why Bitcoin price shouldn’t fall to $54,000: Analyst

2026-03-07
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    HashKey Chain introduces the first tokenized real estate RWA in Hong Kong

    2026-03-07

    What BEP2 holders need to know

    2026-03-07

    SoFi uses BitGo to power the distribution of its SoFiUSD stablecoin

    2026-03-07

    Interoperability is ‘essential’ for digital assets to reach their full potential: DTCC

    2026-03-07

    A groundbreaking leap into the consumer future of decentralized AI

    2026-03-07
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Refusing new IRS crypto tax forms could cost you your exchange account

    2026-03-07

    US lawmakers consider ban on prediction markets amid bets on Iran

    2026-03-06

    De volatiliteit van Bitcoin zou in april kunnen exploderen als SEC de markt achter de ETF-leverage beoordeelt

    2026-03-06

    Crypto company Kraken secures a direct link to Federal Reserve payments

    2026-03-04

    Bitcoin’s $85 billion derivatives engine may move onshore as CFTC eyes April approval

    2026-03-04
  • Analysis

    XRP Bull Flag Breakout After 8-Month Consolidation to Send Price to $11

    2026-03-07

    Billionaire Peter Thiel dumps a $74,400,000 stake in three assets, including one of Warren Buffett’s favorites

    2026-03-07

    Bitcoin Price Rally Slows, Consolidation Signals Possible Next Step

    2026-03-07

    XRP Price Ladder Shows What Conditions Are Needed for $18, $100, and $500

    2026-03-07

    Bitcoin’s rally from $73,000 faces a crucial test as momentum looks to change

    2026-03-06
  • Learn

    What Is Wrapped ETH (WETH) and Why Do You Need It in DeFi?

    2026-03-06

    What Is Crypto Protocol and Why Coins Need It

    2026-03-04

    Wat is Liquid Proof-of-Stake: uitgelegd voor beginners

    2026-03-02

    The 9 Most Common Crypto Scam Types

    2026-03-02

    Sidechains Explained: What They Are, How They Work, and Why They Matter

    2026-02-20
  • Blog
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»California Senator Proposes New Legislation to ‘democratize’ AI Resources
California senator proposes new legislation to ‘democratize’ AI resources
Regulation

California Senator Proposes New Legislation to ‘democratize’ AI Resources

2024-01-04No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Senator Steve Padilla (D-San Diego) has proposed new legislation in the form of Senate Bills 892 and 893 to establish a robust and ethical AI framework in California, according to a January 3 press release.

The proposed rules are an important step towards harnessing the potential of AI and ensuring its safe and responsible use, especially in state contracts.

Double-edged sword

Senator Padilla said the dual nature of AI is a source of both promise and challenge and must be addressed accordingly. He added that previous failures in technology regulation, particularly in social media, should be a cautionary tale for AI governance.

Padilla said:

“We cannot repeat that disaster by allowing a handful of technology billionaires to use AI without oversight, responsibility or restraint.”

The proposed bills are a response to the growing influence of AI, which is poised to become the most transformative technology since the dawn of the digital age.

While AI offers enormous benefits, its uncontrolled integration into everyday life carries significant risks, necessitating extensive safeguards and standards.

Legal and AI experts, including Karl Manheim, professor emeritus at Loyola Law School, support Padilla’s initiative. Noting the current “regulatory vacuum” in AI development, Manheim praised the bills for positioning California as a leader in AI safety and innovation.

Meanwhile, former National Security Advisor Robert C. O’Brien said the US should consider public investments in AI infrastructure to maintain a competitive advantage over countries like China that have made significant financial commitments to the AI ​​industry.

He added that the bills will lay the foundation for the flow of public money into AI-related infrastructure.

See also  Senator Cynthia Lummis blasts SEC after Kraken lawsuit, says regulator can't rule through enforcement

Senate Bills 892 and 893

Senate Bill 892 proposes the establishment of security, privacy and non-discrimination standards for AI services by the Department of Technology.

From August 1, 2025, the state will prohibit contracts with AI service providers that do not meet these standards.

Meanwhile, Senate Bill 893 aims to leverage California’s economic clout by reimagining AI services as a public good. This includes creating the California AI Research Hub in collaboration with academic institutions.

The hub will focus on AI research, development and implementation for the public good, safeguarding privacy and addressing societal risks.

Senator Padilla emphasized the importance of AI as a public good, requiring public investments to avoid monopolistic control over the future of AI. He said:

“This is a public good that everyone in our society should benefit from.”

The bills will be debated in the Senate in the coming year, potentially setting a precedent for AI regulation and development in California, across the United States and globally.

Source link

California Democratize legislation proposes resources Senator
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Refusing new IRS crypto tax forms could cost you your exchange account

2026-03-07

US lawmakers consider ban on prediction markets amid bets on Iran

2026-03-06

De volatiliteit van Bitcoin zou in april kunnen exploderen als SEC de markt achter de ETF-leverage beoordeelt

2026-03-06

Crypto company Kraken secures a direct link to Federal Reserve payments

2026-03-04
Add A Comment

Comments are closed.

Top Posts

Analyst expects a target of $69,000 in the near term

2024-04-05

Disparate data delivery with Pyth and Chainlink

2024-04-08

‘It’s time for crypto to matter’ – Why Galaxy CEO is betting on 2026

2025-12-28
Editors Picks

Analyst Highlights Key Ethereum Levels, With $2,772 Most Strong – Details

2025-12-20

Are bulls back in control?

2025-06-10

Ethereum price is showing early signs of a fresh rally, but USD 1,670 is key

2023-09-08

Bitgert to redefine Web3 solutions in collaboration with FNS

2025-02-10

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The XRP Whale Outflow Continues on Binance – What’s Happening?

HashKey Chain introduces the first tokenized real estate RWA in Hong Kong

Here’s why Bitcoin price shouldn’t fall to $54,000: Analyst

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
© 2026 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.