The chatbot was released under the Eric Adams administration. The same Eric Adams, as soon as his term finished, went to Dubai and launched a cryptocurrency.

https://apnews.com/article/eric-adams-crypto-meme-coin-942ba...

I think he is simply not very bright, and got mesmerized by all the shiny promises AI and crypto makes without the slightest understanding of how it actually works. I do not understand how he got into office in the first place.