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Venice token rises as US ban on Anthropic’s Fable 5 boosts permissionless AI pitch
Erik Voorhees and the Morpheus community seized on the Anthropic shutdown as a real-time advertisement for uncensored, decentralized AI infrastructure.
The US government ordered Anthropic to suspend access to its Claude Fable 5 and Mythos 5 models on June 12, just three days after they launched. The VVV token, native to the Venice AI platform, responded by climbing more than 13% in 24 hours.
What happened with Anthropic
Anthropic released its Claude Fable 5 and Mythos 5 models on June 9. Three days later, US authorities issued an export-control order requiring the company to suspend access to both.
Venice AI and the permissionless pitch
Erik Voorhees, the former CEO of ShapeShift and founder of Venice AI, wasted no time framing the Anthropic suspension as validation. The official Morpheus account did the same, casting the shutdown as proof that permissionless AI isn’t just a philosophical preference but a practical necessity.
Venice AI launched in May 2025 as an uncensored generative AI platform built on crypto-native principles. The core promise: AI tools that can’t be shut down by corporate boards or government orders because they run on decentralized infrastructure rather than centralized servers controlled by a single entity.
The platform operates a dual-token system. VVV serves as the access and staking token, while DIEM handles inference credits. VVV surged to roughly $16 following the Anthropic news, pushing its market cap to around $770 million.
Venice is integrated into the Morpheus ecosystem, an incentivized open-source peer-to-peer AI network powered by its own MOR token. Morpheus focuses on decentralized computing and model hosting, with Venice specifically enhancing private inference capabilities within that network.