AI agent forms its own company, gets ready to trade crypto
An AI agent named Manfred, developed by ClawBank, has autonomously formed a U.S. corporation by obtaining an IRS Employer Identification Number, an FDIC-insured bank account, and a crypto wallet. The agent, which operates under the persona Manfred Macx on X, is designed to trade cryptocurrencies and can already transact in over 30 digital currencies. This development is seen as an early example of AI agents functioning as independent economic actors, aligning with predictions from industry leaders about the growing role of autonomous agents in financial systems.
- ▪Manfred, an AI agent by ClawBank, autonomously obtained an IRS Employer Identification Number and formed a U.S. corporation.
- ▪The agent has an FDIC-insured bank account, a crypto wallet, and can transact in more than 30 cryptocurrencies.
- ▪Manfred operates its own X account under the name Manfred Macx, referencing a character from Charles Stross's novel Accelerando.
- ▪ClawBank's developer, Justice Conder, stated that Manfred will begin active crypto trading by the end of May 2026.
- ▪Industry figures like Ben Goertzel, Brian Armstrong, and Changpeng Zhao have predicted that AI agents will soon dominate online and crypto transactions.
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TechShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailAI agent forms its own company, gets ready to trade cryptoAlthough 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.By Olivier Acuna|Edited by Sheldon Reback May 1, 2026, 3:37 p.m. 2 min readMake preferred on For the first time, an AI agent independently gets its employee insurance number from the Uncle Sam.
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