Crypto Feeds on AI Hype as Tech Offers New Uses for Blockchain – Bloomberg Law

New lawsuits filed by the US Securities and Exchange Commission against Coinbase Global Inc. and Binance Holdings Ltd. have raised serious questions about the future of crypto.

As digital assets face mounting regulatory pressure and other market headwinds, they have also been dethroned as the latest technology fad. When OpenAI launched its ChatGPT bot in November, it paved the way for practical uses of artificial intelligence. Since then AI has captured the attention of founders and investors — the same folks that fueled the crypto boom.

AI may have stolen the limelight, but some crypto enthusiasts say it …