Dragonfly’s Post

I’m very proud to have submitted a Comment Letter to the Federal Trade Commission (FTC) on behalf of Dragonfly on the proposed rule on impersonations. This rule could impact anyone who creates tools and services that are used downstream in impersonation scams—yes, that includes any AI software company and developer! Both AI and crypto are transformative technologies that face similar challenges, such as regulatory uncertainty and accountability. Despite these issues, these technologies provide significant mutual benefits: 1. Blockchain technology enhances AI transparency and mitigates deepfake risks. 2. Blockchain also democratizes access to AI development resources. Given the continued convergence of these technologies and the likely expansion within our investment portfolio, we felt compelled to write this letter to support the development of a nascent industry, its creators, and our current and future portfolio companies. After all, imposing broad liability on software companies for issues like unlawful deepfakes is a slippery slope, as software code is safeguarded as free speech under the First Amendment. Just like Gutenberg's printing press, software developers are neutral parties who equip others with the tools to innovate freely. Restricting these tools could stifle innovation, free expression, and technological progress, potentially missing revolutionary ideas and breakthroughs. We hope the FTC will consider our recommendations, focusing enforcement on those who misuse this zeitgeist technology for harmful ends. A big thank you to all the AI folks who spoke to me and voiced their opinions on regulation. Your insights have been invaluable, and I hope this letter helps the furtherance of dialogue between regulators and industry. Full Letter: https://lnkd.in/gGN6hUC7