Republicans want to roll back the Biden administration’s attempts to regulate emerging industries. Critics say that could backfire.
The 2024 GOP platform looks to boost crypto, AI and Elon Musk.has relatively little to say about tech regulation. And what it does say signals a laissez-faire if not outright cozy approach to emerging sectors that have drawn scrutiny from the Biden administration., proposed by Trump and adopted by Republican delegates Monday ahead of next week’s Republican National Convention, calls for boosting rather than restricting cryptocurrency and artificial intelligence.
“For American companies to continue to grow and lead in innovation domestically and around the world, U.S. policymakers need to help set the global norms for AI,” said, executive vice president for government affairs at the Information Technology Industry Council, a global tech trade association, in an emailed statement. She said the group urges policymakers to prioritize policies that “build trust in the technology” while supporting its beneficial uses.
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