Cryptopolitan
2025-07-10 15:52:16

CZ proposes AI as a legal reform and clarity toolkit

Changpeng Zhao (CZ), the billionaire founder of Binance, has reignited the debate over the intersection of artificial intelligence and legal reform with a bold proposal: using AI to simplify national laws into clear, understandable language. In a post shared on X (formerly Twitter), Zhao criticized legal systems as “gigantic, patched, added, and often intentionally made complex.” “AI/LLMs are great at text processing. And laws should be simple and easy to understand, by a normal person,” Zhao added. Zhao also emphasized that his post did not mean to disparage lawyers; instead, he argued that their expertise could be better used in innovation rather than untangling legalese. CZ proposes AI as a legal reform and clarity toolkit Zhao’s argument comes amid global efforts to regulate AI, such as the European Union’s AI Act and ongoing U.S. legislative debates. Yet, his suggestion flips the script, taking the conversation beyond whether AI can be regulated to talking about how the technology could help rewrite and streamline laws themselves. Legal-tech advocates, including Wolters Kluwer, have already embraced generative AI to simplify legal research. In its “Straight Talk” series, the firm’s leaders argue that lawyers who leverage AI effectively can outpace those who don’t. The U.S. tax code runs over 6,800 pages. At the same time, regulations like the EU’s General Data Protection Regulation ( GDPR ) have been repeatedly criticized for its opacity, even by the companies attempting to comply with them. AI-based platforms like Harvey.ai, used by major firms, and tools from Wolters Kluwer’s VitalLaw AI now assist in summarizing decisions and streamlining contract reviews. Stanford’s Human-AI collaboration lab found AI-generated legal briefs often rivaled human-written originals, although it cautioned about the occasional hallucinations that have embarrassed lawyers and drawn strong criticism from court officers. Legal professionals agree that AI is part of their future AI may shift law firm workloads from billable grunt work to strategic tasks, but legal practitioners must pair speed with judgment.A 2023 Wolters Kluwer’s “Straight Talk” survey notes that 73% of legal professionals expect to integrate generative AI into their work within a year. No, there are unlimited amounts of work. There could be a 1000 companies building spaceships vs only a couple now. We can test more drugs to cure cancer. Flying cars… All of them need tremendous amounts of legal work. — CZ 🔶 BNB (@cz_binance) July 10, 2025 While AI boosts efficiency in research and drafting, seasoned lawyers caution against blind trust without context and legal understanding. Binance itself has faced regulatory challenges across jurisdictions and reached a $4.3 billion settlement with U.S. authorities in 2023. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Crypto 뉴스 레터 받기
면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.