In San Francisco at NEARCON 2026, Electric Capital’s Avichal Garg highlighted a pivotal moment in finance: the intersection of artificial intelligence (AI) and cryptocurrency. As AI agents become more autonomous, many now have crypto wallets to manage assets, make transactions, and even interact with other AI entities. While this capability revolutionizes traditional finance by offering programmable money and immediate global access, it raises significant legal questions. Garg expressed uncertainty about liability when code executes independently, compared it to the historical introduction of limited liability corporations that enabled massive industrial growth. The transformation allows global participation in economic activities with minimal capital. However, issues such as punishing AI remain unaddressed, as these agents lack human-like accountability. This evolving landscape compels lawmakers to consider new regulations to determine liability for actions taken by autonomous software with crypto wallets. For more insights, explore discussions on AI’s role in crypto and its future implications.
Source link
