President Trump has rescinded a Biden-era executive order from October 2023 that imposed regulations on AI developers and businesses. This is part of a broader regulatory overhaul, with Trump appointing David Sacks as the White House AI and Crypto Czar. Analysts warn that reduced federal oversight may lead to increased state-level regulations, complicating compliance for businesses. The Federal Trade Commission, now led by Andrew Ferguson, aims to balance innovation with competition oversight in the AI sector.