Crypto Czar David Sacks defends AI regulation moratorium in 'big beautiful bill'

White House Crypto Czar David Sacks is defending a planned regulation moratorium on AI in the "big, beautiful bill" from conservative critics as Senate opposition mounts and the House seems to be experiencing buyers' remorse.

His comments follow Rep. Marjorie Taylor Greene. R-Ga., admitting she didn't read the legislatio in full and admitting she would have voted against the bill had she known about the AI provisions.

"While I agree with MTG on most issues (especially Ukraine), in this case I believe that a temporary moratorium on state AI regulation is the correct small government position," Sacks wrote. "
The alternative is a patchwork of 50 different regulatory regimes driven by the AI Doomerism that is becoming a dominant strain on the American and European Left. Funded and astroturfed by left-wing Silicon Valley billionaires like Dustin Moscovitz, the constant fear-mongering is intended to scare us into adopting their agenda of Regulatory Capture, WokeAI, and Global AI Governance."

"They already have regulatory initiatives underway in most Blue states as well as European capitals. (Some Republicans are also falling for their fake “China Hawk” rhetoric, even though AI over-regulation primarily benefits China.)" he added. "A federal moratorium on state regulation is justified under the Commerce Clause when inconsistent state laws would substantially burden interstate commerce. That is the case here."

Greene, for her part, pointed to the ambiguity surrounding AI capabilities in the near-future as sufficient reason to exlcude a regulation moratorium.

"We have no idea what AI will be capable of in the next 10 years and giving it free rein and tying states hands is potentially dangerous," she warned.
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This needs to be stripped out in the Senate.

When the OBBB comes back to the House for approval after Senate changes, I will not vote for it with this in it."