"Leaked Executive Order by President Biden Could Unleash Crypto Price Chaos"

U.S. President Joe Biden is reportedly set to issue a wide-ranging executive order on artificial intelligence (AI) that could have implications for the cryptocurrency industry. The order, expected to be unveiled on Monday, may require AI models to be assessed before use by federal workers and ease barriers for skilled workers in the field. However, early reports of the order raised concerns in the crypto community, as it could potentially classify computing power as a "national resource," leading to increased disclosure requirements for activities like bitcoin mining. The industry fears this could hinder innovation and development in the crypto space.