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AI & Enterprise

U.S. Treasury secretary says U.S. could sanction Chinese AI firms if tech theft confirmed, IP probe launched

The United States is investigating whether Chinese open-source artificial intelligence models infringed U.S. intellectual property and warned it could impose sanctions on Chinese AI companies if violations are confirmed. Treasury Secretary Scott Bessent said the U.S. supports open-source AI but not IP infringement. The remarks come amid concern in the United States about the performance and rapid global spread of Chinese models and debate over whether model distillation using competitors’ outputs constitutes IP theft.

Crypto

U.S. CFTC chair urges Congress to pass CLARITY Act

Michael Selig, a commissioner at the U.S. Commodity Futures Trading Commission, urged Congress to quickly pass the CLARITY Act, a crypto market structure bill. He warned that further delays could leave regulators setting rules agency by agency without a comprehensive federal framework. Negotiations in the Senate are in the final stage, with debates continuing over ethics provisions tied to Donald Trump’s family crypto business, DeFi regulation, illicit finance measures and developer protections, including Section 604 and the BRCA.

Crypto

U.S. CFTC vacancies stall CLARITY bill, raising fears of crypto regulatory gap

Prolonged vacancies at the U.S. Commodity Futures Trading Commission are disrupting progress on the CLARITY bill, which would give the agency authority over digital commodity spot markets. The White House and Senate Democrats are blaming each other for delays in filling posts. With only one commissioner in place, concerns are growing over oversight capacity and legal durability of new rules. Lawmakers warn the U.S. could fall behind other countries on digital asset rules.