Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum price drops as whale buys tokens worth $1.67 billion

26/12/2025

LEO Surges as Bitfinex’s Fee Cut Highlights Exchange Competition

26/12/2025

LD Capital Founder’s Ethereum Position Under Pressure

25/12/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum price drops as whale buys tokens worth $1.67 billion

    26/12/2025

    LD Capital Founder’s Ethereum Position Under Pressure

    25/12/2025

    Triangle Compression Builds As ETF Outflows Cap Recovery

    25/12/2025

    Ethereum (ETH) Loses in the $5,000 Race! Investors Are Turning to This Asset Instead of ETH!

    25/12/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT collections get no Santa rally as market hits 2025 lows

    25/12/2025

    MoMA adds eight CryptoPunks NFTs to its permanent collection

    20/12/2025

    NFT Market Sees Courtyard, Pudgy Penguins Dominate Weekly Top 10 Sales Rankings

    20/12/2025

    OpenSea Adds Beeple’s Regular Animals Memory 186 to Flagship Collection, Expanding Its Digital Art Reserve

    20/12/2025

    Ethereum price drops as whale buys tokens worth $1.67 billion

    26/12/2025

    LEO Surges as Bitfinex’s Fee Cut Highlights Exchange Competition

    26/12/2025

    LD Capital Founder’s Ethereum Position Under Pressure

    25/12/2025

    $1 Billion Game-Changer for Digital Assets

    25/12/2025
  • Blockchain

    DTCC and JPMorgan just set the on-chain schedule, but the pilot relies on a controversial “undo” button

    25/12/2025

    Coinbase CEO Debates Base App’s Strategic Focus

    25/12/2025

    Magma Devs Launches RPC Smart Router on Google Cloud

    25/12/2025

    The New Frontier of Corporate Privacy on Ethereum

    25/12/2025

    NEXUS and CertiK Join Forces to Strengthen CROSS Web3 Gaming Security

    25/12/2025
  • DeFi

    Falcon Finance Strengthens USDF Expansion Through Chainlink Price Feeds and CCIP

    25/12/2025

    XRP price reaction muted even as new income-generation opportunity appears

    25/12/2025

    Aave founder under scrutiny for $10M token purchase amid governance drama

    25/12/2025

    Token swaps power instant DeFi trades without banks or brokers

    25/12/2025

    Curve Finance captures 44% of Ethereum DEX fees as activity surges

    24/12/2025
  • Metaverse

    Meta CEO Mark Zuckerberg Made a Decision That Will Deeply Affect Metaverse Projects! Here Are the Details

    05/12/2025

    Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg

    04/12/2025

    Cambridge Institute Joins InfblueNFT to Transform Digital Communication

    21/11/2025

    AGI Open Network Partners with MetaMars to Drive Marverse Economy

    15/11/2025

    Koda Nexus Opens in Otherside, Bored Ape Yacht Club Creator Debuts Social Hub

    13/11/2025
  • Regulation

    $1 Billion Game-Changer for Digital Assets

    25/12/2025

    Central Bank of Brazil Postpones CBDC Strategy, Shuts Down Current Pilot Platform

    25/12/2025

    A Transparent, On-Chain Arena for Memecoin Trading and Liquidity

    25/12/2025

    Ex-Alameda Co-Founder’s Crypto Trading Firm Lantern Ventures Said to Be Winding Down Funds

    25/12/2025

    When Will the Record US Shutdown End? Polymarket Says This Date

    25/12/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    LEO Surges as Bitfinex’s Fee Cut Highlights Exchange Competition

    26/12/2025

    HTX to Refund Old Huobi Fees, Adds 24/7 Support to Win Users

    25/12/2025

    Bitso Processes Stablecoin Payments for Over $80B in Latam

    25/12/2025

    Binance Hits 300 Million Users, Adds 30 Million In 12 Months As Liquidity Compounding Effect Drives Growth

    25/12/2025

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Crypto Gaming Collapses as Funding Dries Up

    24/12/2025

    GG’s 2025 Game of the Year: Pudgy Party

    22/12/2025

    The Biggest Shutdowns in 2025

    21/12/2025

    Sentism AI Brings AI Intelligence to GameFi With Anome Protocol

    17/12/2025

    Cipher enters US wholesale power market with Ohio data center acquisition

    24/12/2025

    What Does It Mean for the Price

    23/12/2025

    Crypto mining farms increase 44% nearly 200,000 despite ban in Russia

    23/12/2025

    MARA’s Bitcoin Mining Became a Nightmare for this Texas Town

    23/12/2025

    SAFE Crypto Act will have scammers shaking in their boots: Crypto lawyer

    25/12/2025

    Former Theta Executives Accuse Crypto Firm’s CEO of Fraud, Retaliation

    25/12/2025

    Crypto Tax Pressure Reaches Congress as Lawmakers Face Urgent Push to Rewrite Federal Rules

    25/12/2025

    FTX insider Caroline Ellison moved to community confinement ahead of 2026 release

    25/12/2025

    Ethereum price drops as whale buys tokens worth $1.67 billion

    26/12/2025

    LEO Surges as Bitfinex’s Fee Cut Highlights Exchange Competition

    26/12/2025

    LD Capital Founder’s Ethereum Position Under Pressure

    25/12/2025

    $1 Billion Game-Changer for Digital Assets

    25/12/2025
  • MarketCap
NBTC News
Home»Legal»Cynthia Lummis Proposes Artificial Intelligence Bill, Requiring AI Firms to Disclose Technicals
Legal

Cynthia Lummis Proposes Artificial Intelligence Bill, Requiring AI Firms to Disclose Technicals

NBTCBy NBTC21/06/2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Senator Cynthia Lummis (R-WY) has introduced the Responsible Innovation and Safe Expertise (RISE) Act of 2025, a legislative proposal designed to clarify liability frameworks for artificial intelligence (AI) used by professionals.

The bill could bring transparency from AI developers – stoping short of requiring models to be open source.

In a press release, Lummis said the RISE Act would mean that professionals, such as physicians, attorneys, engineers, and financial advisors, remain legally responsible for the advice they provide, even when it is informed by AI systems.

At the time, AI developers who create the systems can only shield themselves from civil liability when things go awry if they publicly release model cards.

The proposed bill defines model cards as detailed technical documents that disclose an AI system’s training data sources, intended use cases, performance metrics, known limitations, and potential failure modes. All this is intended to help help professionals assess whether the tool is appropriate for their work.

“Wyoming values both innovation and accountability; the RISE Act creates predictable standards that encourage safer AI development while preserving professional autonomy,” Lummis said in a press release.

“This legislation doesn’t create blanket immunity for AI,” Lummis continued.

However, the immunity granted under this Act has clear boundaries. The legislation excludes protection for developers in instances of recklessness, willful misconduct, fraud, knowing misrepresentation, or when actions fall outside the defined scope of professional usage.

Additionally, developers face a duty of ongoing accountability under the RISE Act. AI documentation and specifications must be updated within 30 days of deploying new versions or discovering significant failure modes, reinforcing continuous transparency obligations.

Stops short of open source

The RISE Act, as it’s written now, stops short of mandating that AI models become fully open source.

Developers can withhold proprietary information, but only if the redacted material isn’t related to safety, and each omission is accompanied by a written justification explaining the trade secret exemption.

In a prior interview with CoinDesk, Simon Kim, the CEO of Hashed, one of Korea’s leading VC funds, spoke about the danger of centralized, closed-source AI that’s effectively a black box.

“OpenAI is not open, and it is controlled by very few people, so it’s quite dangerous. Making this type of [closed source] foundational model is similar to making a ‘god’, but we don’t know how it works,” Kim said at the time.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

SAFE Crypto Act will have scammers shaking in their boots: Crypto lawyer

25/12/2025

Former Theta Executives Accuse Crypto Firm’s CEO of Fraud, Retaliation

25/12/2025

Crypto Tax Pressure Reaches Congress as Lawmakers Face Urgent Push to Rewrite Federal Rules

25/12/2025

FTX insider Caroline Ellison moved to community confinement ahead of 2026 release

25/12/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum price drops as whale buys tokens worth $1.67 billion

26/12/2025

LEO Surges as Bitfinex’s Fee Cut Highlights Exchange Competition

26/12/2025

LD Capital Founder’s Ethereum Position Under Pressure

25/12/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

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