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Donald Trump Calls CBDCs and Artificial Intelligence 'Dangerous'
The Republican front-runner also said that AI-powered deepfakes were a "tremendous problem."
Former president and Republican front-runner Donald Trump called artificial intelligence (AI) "dangerous and scary" in an interview with Fox Business’ Maria Bartiromo, highlighting the power of deepfakes to do anything from create false product endorsements to change the tide of war.
“I saw somebody ripping me off the other day where they had me making a speech about their product. I said I’ll never endorse that product. You can’t even tell the difference. It looks like I’m actually endorsing it,” he said. “You can get that into wars and other things.”
STORY CONTINUES BELOW
“Something has to be done about this, and it has to be done fast,” he continued,” saying AI was “maybe the most dangerous thing out there of anything because there is no real solution.”
During the interview, Trump continued his attacks on CBDCs, calling them a “very dangerous thing.”
Trump also said during the interview that he would replace Jay Powell as chair of the Federal Reserve, calling him “political.”
“It looks to me like he’s trying to lower interest rates for the sake of maybe getting people elected,” Trump said.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
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