Electric Capital: AI-powered crypto wallets are opening up new legal boundaries

Odaily Planet Daily reports that Electric Capital partner Avichal Garg pointed out that as AI agents become more autonomous, developers are beginning to configure crypto wallets for them, enabling software to hold assets, pay for services, trade tokens, and even hire other AI agents. This trend is pushing blockchain technology into a new phase—building financial systems for “non-human entities,” but the legal framework remains significantly behind. He believes that with blockchain’s programmable funds, real-time settlement, and global accessibility, AI agents can not only make decisions but also independently execute transactions, forming software entities capable of “thinking and performing financial activities.”

Garg stated that this model is similar to the emergence of the limited liability company system in the 19th century, which unlocked new productivity thresholds for economic activity. As participation costs continue to decrease, more individuals and teams worldwide can leverage AI agents to create economic value.

However, the core issue remains the definition of legal responsibility. Since AI itself cannot be punished, it is still unclear who should be held responsible if an AI agent with an independent wallet participates in transactions, lending, or commercial activities and causes losses. This issue may become a fundamental topic that future regulators must address.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

US Traditional Exchange “On-Chain 3-Part Refrain”: Tokenization Is Reshaping Collateral, Trading, and Margin

Author: Jae, PANews When Bitcoin is still sitting uncertainly around the $70,000 mark, Wall Street—the global financial heart—has completed three resonances within 48 hours. Three giants controlling the flow of global capital—NYSE, Nasdaq, and CME Group—have successively announced upgraded plans for business tokenization. Nasdaq is developing a tokenized collateral management solution, the NYSE and Securitize are collaborating to develop a tokenized securities platform, and CME Group has rolled out institutional “tokenized cash” settlement services. With the three top exchanges moving on three fronts at once, and leveraging blockchain technology, they have carried out a deep overhaul of the world’s liquidity “pipeline.” When traditional Wall Street incumbents actively embrace tokenization, the rules of the global capital markets game are being rewritten. Goodbye to T+1, Nasdaq uses tokenization to put $35 billion in collateral to work $35 billion—this is what Nasdaq estimates is “sleeping” in global fi

区块客1h ago

CoinDCX Launches ₹100 Cr Digital Suraksha Network

India’s crypto exchange CoinDCX has announced a major cyber safety initiative called Digital Suraksha Network. This initiative comes after a shocking fraud case. Co-founders Sumit Gupta and Neeraj Khandelwal were recently detained over a scam linked to a fake website. But the situation quickly chan

Coinfomania1h ago

Everyone’s Calling Ethereum (ETH) Dead… Here’s What’s Actually Happening

The story around Ethereum right now is a mix of big global events and strong institutional confidence.The market jumped after news that the U.S. and Iran might start peace talks, pushing the ETH price back over $2,000. However, the Ethereum Foundation locked up $46.2 million in ETH, showing th

CaptainAltcoin1h ago

Does USDT have full reserves? Tether reportedly hired KPMG for a comprehensive audit

Tether is conducting a comprehensive financial audit of USDT, hiring KPMG and PwC to improve financial transparency and internal processes. This move comes as it prepares to expand into the U.S. market and raise funds, aiming to address outside doubts about its U.S. dollar reserves. Detailed information about Tether’s past reserves was revealed after a legal battle, showing changes in its asset allocation.

区块客2h ago

Ethereum L2 Fragmentation Faces Fix With New EEZ Plan

The Ethereum Economic Zone (EEZ) aims to unify layer-2 networks for seamless cross-chain transactions, addressing fragmentation and simplifying interactions. By enabling shared liquidity and synchronous smart contract execution, it supports a cohesive Ethereum ecosystem amid ongoing scaling debates.

CryptoFrontNews2h ago

A CEX parent company released its 2025 financial results: total revenue of KRW 1.56 trillion, down 10% year over year

The parent company of a South Korean CEX released its 2025 performance report, showing declines in both revenue and profit. Operating revenue was 15.6 trillion won, a year-on-year decrease of 10%, and net profit was 708.9 billion won, a year-on-year decline of 27.9%. The drop in performance was mainly due to the global economic downturn and a decrease in trading volume in the cryptocurrency market.

GateNews3h ago
Comment
0/400
No comments