📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Sen. Lummis Unveils RISE Act, Sets New Transparency Rules For AI
HomeNews* Senator Cynthia Lummis has introduced the RISE Act of 2025 to clarify legal responsibilities for professionals using Artificial Intelligence (AI) tools.
According to a press release, Lummis stated: “Wyoming values both innovation and accountability; the RISE Act creates predictable standards that encourage safer AI development while preserving professional autonomy.” She added, “This legislation doesn’t create blanket immunity for AI.” The “model card” requirement stops short of forcing developers to disclose their entire source code.
The bill also excludes immunity for AI developers in cases involving recklessness, willful misconduct, fraud, or if developers misrepresent their models or use them outside their intended professional context. Any omissions in the model cards must be justified in writing, and only non-safety trade secret information can be redacted.
The legislation arrives as experts warn about risks stemming from closed-source AI models, which provide little insight into how decisions are made. In a previous interview, Simon Kim, CEO of Korean venture firm Hashed, warned: “OpenAI is not open, and it is controlled by very few people, so it’s quite dangerous. Making this type of [closed source] foundational model is similar to making a ‘god’, but we don’t know how it works,” as shared with CoinDesk.
The RISE Act aims to balance innovation with professional responsibility, requiring transparency from AI developers but allowing them to keep trade secrets if they do not impact user safety. The bill is currently under consideration and has not yet become law. For more, the full RISE Act text is available online.
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