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Trump administration leans on existing liability laws to regulate AI, per Crypto Briefing
Crypto Briefing reports that the Trump administration is favoring existing liability laws to regulate artificial intelligence rather than creating a new federal framework. Treasury Secretary Scott Bessent and former White House AI czar David Sacks publicly supported this approach. The stance follows a White House meeting on September 29‑30, 2026, where President Trump endorsed a non‑binding accord among Anthropic, OpenAI, Nvidia, Meta and Google that emphasizes robust internal processes and independent audits. On October 2, 2026, Google’s James Manyika warned that self‑policing is insufficient and called for broader regulation. A RAND report from March 2026, based on 24 expert interviews, found incentives for risk disclosure most promising and strict regulation least feasible. Governor Gavin Newsom’s September 18, 2026 executive order launched a review of AI safety plans, including “kill‑switch” mechanisms. Analysts note that relying on liability law could create a patchwork of state rules and delay clear standards.