Biden Executive Order on AI May Impact Crypto Mining and Development

Leak reveals Biden could issue executive order on AI regulation that may impact crypto mining and development.

Order expected to require assessment of AI models before federal use and ease barriers for skilled workers.

Early reports raised alarm bells due to potential to classify computing power as "national resource."

Could require cloud providers to disclose when customers purchase computing resources beyond a threshold.

U.S. has become top destination for bitcoin miners after China's 2021 mining ban.