U.S. Accelerates AI Development Ahead of Pro-Crypto Administration

As the United States prepares for a new pro-crypto administration under President-elect Donald Trump, outgoing President Joe Biden has taken a significant step to bolster AI development.

On January 14, Biden signed an executive order aimed at expediting the creation of advanced AI infrastructure, emphasizing its critical role in national security.

This directive empowers federal agencies like the Department of Defense and the Department of Energy to collaborate with private firms, granting them access to federal sites to accelerate AI advancements. The move follows a similar order in late 2023, where Biden established safety standards for AI to ensure responsible development.

The intersection of AI and blockchain has seen rapid growth, with AI-focused cryptocurrencies reaching a total market cap of $43 billion and daily trading volumes of $4.5 billion. Tokens specializing in AI agents hold a $13.5 billion share, while AI-themed meme coins, led by ai16z (AI16Z), have grown to $7.4 billion.

As the U.S. scales its AI infrastructure, these developments could drive significant growth for AI-based crypto projects, especially under an administration expected to champion both AI and blockchain innovation. This shift has the potential to redefine the landscape for crypto projects at the forefront of AI integration.