Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Electric Capital states that cryptocurrency wallets for AI agents are establishing a new legal landscape.
As AI agents become increasingly self-sufficient, developers are equipping them with crypto wallets, enabling software to manage assets, pay for services, exchange tokens, and even recruit other agents. The technical components are aligning, yet the legal aspects remain unresolved.
Electric Capital’s Avichal Garg at NEARCON 2026 (Margaux Nijkerk/ CoinDesk)
Key points:
- Crypto is not merely enhancing payment systems. It could be establishing a financial framework for non-humans.
- As AI agents become more self-sufficient, developers are giving them crypto wallets, which enables software to manage assets, pay for services, trade tokens, and even recruit other agents. The technical framework is developing, while the legal aspects lag behind.
SAN FRANCISCO, CA – Crypto is not merely enhancing payment systems. It could be establishing a financial framework for non-humans.
As AI agents become more self-sufficient, developers are giving them crypto wallets, which enables software to manage assets, pay for services, trade tokens, and even recruit other agents. The technical framework is developing, while the legal aspects lag behind.
STORY CONTINUES BELOWDon’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersSign me up
During a recent panel at NEARCON 2026, Electric Capital’s Avichal Garg characterized this moment as significant in history.
Related Posts
“What occurs if there’s no human involvement at all?” Garg inquired. “It’s simply a piece of code that possesses a wallet, executing code to generate more income… How does liability function in such a scenario? I genuinely don’t have an answer.”
Crypto enables this in a manner that traditional finance cannot. Blockchains facilitate programmable money, immediate settlement, and worldwide accessibility. Combine that with AI agents capable of making decisions, and a new paradigm emerges: software that can think and perform transactions.
Garg likened this transformation to the establishment of the limited liability corporation in the 19th century — a legal advancement that facilitated pooled capital and large-scale industrial growth.
“The cost of engaging in the economy has significantly decreased,” he stated. “We are talking about individuals around the globe, with relatively minimal funds, being able to create value.”
However, enforcement issues persist.
“You cannot penalize an AI,” Garg remarked. “You can deactivate them, but they are unaffected by that.”
If self-sufficient agents start trading, lending, hiring, and expanding businesses on-chain, legislators may encounter a fundamental question: Who bears responsibility when software with its own wallet operates autonomously?
Read more: Kraken’s co-CEO could trust AI with 100% of his crypto — Dragonfly’s Haseeb Qureshi isn’t convinced
