Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
Trade $MORE to unlock Listing Airdrops + $300K Points Prize Pool!
💰 Total Airdrop Volume: $30,000 MORE, Limited slots—first come, first served!
✅ Total Points: 2 Alpha Points per trade—accumulate points to share the $300K prize pool!
🔥Trade the Hottest On-Chain Assets First
For more information: https://www.gate.com/campaigns/1342alpha?pid=X&c=MemeBox&ch=vxDB0fQ5
Sen. Lummis Unveils RISE Act, Sets New Transparency Rules For AI
HomeNews* Senator Cynthia Lummis has introduced the RISE Act of 2025 to clarify legal responsibilities for professionals using Artificial Intelligence (AI) tools.
According to a press release, Lummis stated: “Wyoming values both innovation and accountability; the RISE Act creates predictable standards that encourage safer AI development while preserving professional autonomy.” She added, “This legislation doesn’t create blanket immunity for AI.” The “model card” requirement stops short of forcing developers to disclose their entire source code.
The bill also excludes immunity for AI developers in cases involving recklessness, willful misconduct, fraud, or if developers misrepresent their models or use them outside their intended professional context. Any omissions in the model cards must be justified in writing, and only non-safety trade secret information can be redacted.
The legislation arrives as experts warn about risks stemming from closed-source AI models, which provide little insight into how decisions are made. In a previous interview, Simon Kim, CEO of Korean venture firm Hashed, warned: “OpenAI is not open, and it is controlled by very few people, so it’s quite dangerous. Making this type of [closed source] foundational model is similar to making a ‘god’, but we don’t know how it works,” as shared with CoinDesk.
The RISE Act aims to balance innovation with professional responsibility, requiring transparency from AI developers but allowing them to keep trade secrets if they do not impact user safety. The bill is currently under consideration and has not yet become law. For more, the full RISE Act text is available online.
Previous Articles: