South Korea’s Crypto Bill Approaches Final Stage as Tax Dispute Grows
South Korea’s Digital Asset Basic Act is nearly complete, while debate over the crypto tax continues ahead of a January 2027 start.
Zuckerberg opposed a national AI regulator while Sanders introduced a bill to ban superintelligence, staking out opposing positions in the US debate.
Meta CEO Mark Zuckerberg and Senator Bernie Sanders laid out opposing views on US AI regulation Thursday. Zuckerberg argued against a national regulator, while Sanders moved to prohibit advanced AI.
The two stances define the current debate in Washington. One side advocates for self-regulation by industry, the other calls for a government-imposed halt on development.
Trump spoke with Zuckerberg during the week of August 17, according to a Thursday report by POLITICO. The Meta chief rejected a proposed watchdog modeled on the Financial Industry Regulatory Authority (FINRA).
FINRA oversees US brokerages and is financed by the companies it regulates. A similar AI body would examine frontier models for dangers before they are launched. Google DeepMind CEO Demis Hassabis promoted the concept in July.
Zuckerberg had previously stated that superintelligence ought to be accessible to all, not confined to a handful of labs.
“Any policy that slows American model releases … could add significant risk to American leadership while letting foreign models race ahead,” Zuckerberg said in August.
On Thursday, Sanders and Representative Greg Casar introduced the Ban Artificial Superintelligence Act. The legislation would forbid systems that meet or surpass human cognitive ability.
The threshold is lower than the bill's title implies. A system that matches human performance would trigger the prohibition.
The measure would also pause work on advanced AI until a new federal regulator establishes guidelines. Offenders could face up to 20 years in prison.
Sanders has previously urged Congress to act on AI but has not advanced any legislation.
“The future of humanity cannot be left in the hands of a handful of Big Tech oligarchs,” Sanders said in a statement.
The FINRA-style proposal has not been shelved. Officials continue to evaluate it against a voluntary industry approach. Adviser David Sacks prefers the less restrictive choice and has called AI safety worries a form of storytelling.
Both sides agree that some form of oversight is needed. The dispute centers on whether development should stop during the process of creating that oversight.
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