AI agent forms its own company, gets ready to trade crypto

Although Manfred will not start trading crypto until the end of May, it already has a crypto wallet and credentials to hire staff, make payments and do business. What to know : ClawBank said its Manfred AI agent has autonomously formed its own corporation in the U.S., obtaining an IRS Employer Identification Number, an FDIC-insured bank account and a crypto wallet. Manfred, which runs its own X account under the persona “Manfred Macx,” is designed to trade crypto and can already transact in more than 30 cryptocurrencies, moving funds between its bank account and digital wallet. The project is being framed as an early example of AI agents acting as independent economic actors, echoing predictions from crypto and AI leaders that autonomous agents will soon dominate online and crypto transactions.