REGULATION · US
Trump White House argues private sector, not regulation, should solve AI threats
Kevin Hassett, Trump administration AI advisor, stated that industry self-governance and competition—not new government rules—is the right approach to AI safety, citing U.S. dominance over China as priority.
WHY IT MATTERS
Signals reduced likelihood of prescriptive U.S. AI regulation this term; BFSI firms may face lighter compliance burden but must build internal AI governance or face market/investor pressure instead.
Source: CNBC · 2026-09-15