In response to the escalating threat of AI-powered financial crimes, U.S. lawmakers have introduced the AI Fraud Deterrence Act, a bipartisan bill aimed at imposing stricter penalties on AI-enabled fraud and impersonation schemes. This legislation targets serious offenses such as bank fraud, wire fraud, and impersonation of federal officials, while protecting free speech rights through careful exemptions. With AI-driven scams rising dramatically across crypto and finance sectors, this act is part of a broader effort to strengthen regulatory frameworks and combat the increasing sophistication of automated criminal operations.
Continue to read US Lawmakers Propose Tougher Measures Against AI-Driven Financial Fraud
In response to the escalating threat of AI-powered financial crimes, U.S. lawmakers have introduced the AI Fraud Deterrence Act, a bipartisan bill aimed at imposing stricter penalties on AI-enabled fraud and impersonation schemes. This legislation targets serious offenses such as bank fraud, wire fraud, and impersonation of federal officials, while protecting free speech rights through careful exemptions. With AI-driven scams rising dramatically across crypto and finance sectors, this act is part of a broader effort to strengthen regulatory frameworks and combat the increasing sophistication of automated criminal operations.
Continue to read US Lawmakers Propose Tougher Measures Against AI-Driven Financial Fraud
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