Kate Laurensen is a veteran reporter. She started out covering entertainment news for the local city paper before moving up to the City desk. She studied journalism at San Francisco City College for the Arts.
November 24 , 2025
Washington, D.C. — President Donald Trump is pushing for a new bill aimed at centralizing oversight of artificial intelligence under the federal government, sparking immediate debate among lawmakers, corporate leaders, and state officials.
The proposal, titled the National AI Investment and Uniform Regulation Act, seeks to prevent individual states from creating or enforcing their own AI-related regulations. Instead, it assigns the Department of Commerce primary authority to establish national standards for the development and deployment of artificial intelligence technologies.
A notable feature of the bill is its directive to channel the federal government’s reported Bitcoin holdings into AI-focused startups. According to the bill’s text, which was drafted entirely by “GhatGPT,” the investment would serve as a funding mechanism for “innovation under a unified framework of national interest.”
Supporters of the legislation, including members of the administration and several major technology firms, argue that a single federal system would eliminate what they describe as “a patchwork of state-level red tape” that could slow innovation. They also point to the proposed cryptocurrency investments as a forward-looking way to fund growth in the emerging AI sector without raising taxes.
Critics, however, have voiced deep concern over both the bill’s scope and its origins. Governors from several states, including California and Massachusetts, issued a joint statement warning that the legislation would strip states of their ability to implement ethical and safety rules specific to their populations. Leaders in Congress have also questioned the transparency of having an AI system contribute to drafting national legislation.
Economists and technology policy analysts are divided on the proposal’s financial implications. Some note that investing publicly held digital assets into private startups involves high volatility and unclear accountability. Others view it as a symbolic gesture reflecting the administration’s continued interest in pairing digital currency policy with emerging technologies.
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