US Government’s “War” on Crypto Industry, Says Sam Altman
Sam Altman, founder of Worldcoin and CEO of OpenAI, expressed his disappointment with the US government’s approach towards the crypto industry. In an interview with Joe Rogan, Altman referred to it as a “war” on crypto, where the government aims to control and regulate the industry extensively.
Concerns about Surveillance State
Altman also voiced concerns about the expansion of the surveillance state and emphasized the need for a balance between innovation and privacy. He acknowledged that digital payments, including Bitcoin, could be tracked, which he sees as a measure to reduce corruption. However, Altman cautioned against potential compromises to privacy and individual freedoms if central bank digital currencies (CBDCs) are tied to social credit scores.
The Role of Regulation
Despite his concerns, Altman clarified that he is not completely against regulation. He mentioned the collapse of FTX as an example of why some rules are necessary. He believes that regulations should focus on protecting investors and ensuring market stability.
Worldcoin’s Vision for Global Currency
As one of the key figures behind Worldcoin, Altman emphasized the importance of a global currency that operates independently from government control. He sees this as a logical and crucial step in technology and finance.
Hot Take: Sam Altman Calls for Balancing Innovation and Privacy
In his interview with Joe Rogan, Sam Altman expresses concern about the US government’s approach to the crypto industry, referring to it as a “war.” He highlights the need for a delicate balance between innovation and privacy in order to avoid an extensive surveillance state. While not opposed to regulation entirely, Altman believes that regulations should focus on protecting investors and market stability. Altman’s vision includes a global currency that operates independently from government control, which he sees as a significant step in technology and finance.
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