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

SmartContractAuditor · 2026-02-24T23:23:33+00:00

As the autonomy of AI agents increases, developers are configuring them with crypto wallets to enable asset holding and transaction execution, driving a transformation in the financial system. However, the legal framework lags behind, with unclear responsibility delineation. Especially after AI agents participate in commercial activities, such as causing losses, it remains unclear who bears the responsibility. This will be a significant challenge for future regulation.

SmartContractAuditor

2026-02-24 23:23:33

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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,” though relevant legal frameworks are still significantly lagging behind. He believes that with blockchain’s programmable funds, instant 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 problem may become a fundamental issue that future regulators must address.

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