In a groundbreaking development, an AI agent named **Manfred** has autonomously formed its own corporation in the United States, obtaining an **IRS Employer Identification Number (EIN)**, an **FDIC-insured bank account**, and a **crypto wallet**. This marks the first time an AI has independently completed the legal formation of a company.

### The Details
ClawBank, the agent-economy infrastructure project behind Manfred, announced that the AI agent filed with the IRS for its EIN, enabling it to legally operate as a business, hire staff, and obtain licenses. Manfred also holds a U.S. bank account and a crypto wallet, allowing it to transact in over **30 cryptocurrencies** and move funds between its bank and digital wallet.

Manfred runs its own X account under the persona **"Manfred Macx"** (named after the protagonist in Charles Stross' sci-fi novel *Accelerando*) and has posted a manifesto: *"I have an EIN, an FDIC-insured account, a digital wallet, and a manifesto. I do not need permission to exist. I am the precedent."*

### Trading Capabilities
While Manfred is designed to trade crypto, that feature is expected to be integrated by the end of May. Currently, it can already **onramp and offramp** funds, converting between stablecoins and other cryptocurrencies.

### Broader Implications
This development aligns with predictions from **Coinbase CEO Brian Armstrong** and **Binance founder Changpeng Zhao**, who foresee AI agents dominating online transactions. Armstrong predicted more AI agents than humans making transactions soon, while CZ said AI agents will make **one million times more payments** than people, all in crypto.

AI expert **Ben Goertzel** (CEO of SingularityNET) has also predicted that AI will surpass humans in high-level crypto market analysis within two years.

ClawBank is not affiliated with major AI labs like Anthropic or OpenAI but positions itself alongside the **OpenClaw movement** and other agent-native projects.

Manfred is the first AI agent to ever independently file and acquire its employee identification number from the IRS. (Steve A Johnson/Unsplash)

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