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US govt. sets AI policies across agencies

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The US Office of Management and Budget (OMB) issued two directives specifying policies and deadlines for deploying AI tools that enhance public services, providing a roadmap for implementing US President Donald Trump’s executive order advance US “dominance” in the use and development of artificial intelligence.

According to two memorandums from April 3, all government agencies “should invest in the AI marketplace and maximize the use of AI products and services that are developed and produced in the United States.” The memorandums list various deadlines for the adoption of AI, including a 270-day deadline to update policies and procedures.

In early 2025, Trump took significant steps to reshape US policy on emerging technologies by repealing former President Joe Biden’s 2023 executive order on AI safety — arguing it imposed excessive regulations that stifled innovation — and declaring his intention to make the US the “world capital”of AI and cryptocurrency. Critics, however, have raised concerns that removing safety frameworks could leave the public vulnerable to AI-related risks.

OMB memorandum M-25-21. Source: White House

Some common AI models developed and produced in the United States include OpenAI’s ChatGPT, Google’s Gemini, Meta’s Llama, and Elon Musk’s Grok. The directive from the OMB follows Trump’s promises to boost American dominance in this new sector of technology.

Related: Did ChatGPT come up with Trump’s tariff rate formula?

In January 2025, Trump announced an AI infrastructure project called “Stargate,” aimed at building AI data centers across the country.

The surging demand for AI infrastructure has prompted Bitcoin miners to pivot and expand their operations to support the growing needs of the AI sector.

At the same time, the convergence of AI and blockchain fueled a rally in AI-related tokens throughout 2024. However, that momentum has sharply reversed in 2025. Despite continued enthusiasm around AI’s long-term potential, tokens linked to the technology have seen steep losses, shedding over 42% of their market cap over the past 12 months, according to data from CoinMarketCap.

Performance of top AI and big data tokens. Source: CoinMarketCap

Market focus has shifted toward memecoins, while broader macroeconomic uncertainty has stoked fear across capital markets.

For the Trump administration, winning the AI race continues to be a priority. In April 2025, David Sacks, the White House’s AI and crypto czar, said that the release of Meta’s Llama 4 puts the US back in position to win the AI race. That race had been upended in January 2025 with the release of DeepSeek, an AI tool produced in China.

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A16z sides with CFTC against states seeking to ban prediction markets

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Venture capital firm a16z argues that state crackdowns on platforms like Kalshi and Polymarket conflict with federal law and hurt market access for ordinary users.

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Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter

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Riot Platforms reported $167.2 million in Q1 2026 revenue, with its new data center business contributing $33.2 million as Bitcoin mining income fell.

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Ethereum Foundation sells another 10,000 ETH to BitMine in third OTC deal

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The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales.

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