Breaking
February 6, 2025

US senator introduces bill to ban AI trade with China, targeting DeepSeek and national security risks Nellius Irene | usagoldmines.com

Senate Republican Senator Josh Hawley has introduced legislation to block the import and export of the national security risk posed by artificial intelligence technology between the United States and China. People in the US could face hefty fines or even jail time if they use the Chinese AI app DeepSeek.

The bill, named the ‘Decoupling America’s Artificial Intelligence Capabilities from China Act’, does not explicitly reference the Chinese AI firm DeepSeek but seeks to safeguard US intellectual property and restrict foreign competitors from accessing potentially sensitive technology. 

A few days ago, the Chinese chatbot became the most popular AI app in America, which led to a crash in US tech stocks.

The bill prohibits Americans from trading AI technology with China

In the event the bill is signed into law, Americans will be barred from importing or exporting AI tech to and from China. It would also stop US companies from conducting AI research in China or teaming up with Chinese companies for AI.

It would also prevent US companies from investing in the development of AI in China. The punishment for an individual would be imprisonment for up to 20 years and a fine of up to $1 million, while for businesses, the fine could be as high as $100 million. In addition, violators would be required to cease to hold any “license, contract, subcontract, grant or public benefit awarded by any Federal agency.”

In a news release, Hawley said that every dollar and gig of data that goes into Chinese AI will be used against the US. He added: 

America cannot afford to empower our greatest adversary at the expense of our own strength. Ensuring American economic superiority means cutting China off from American ingenuity and halting the subsidization of CCP innovation.

– Josh Hawley

DeepSeek’s rise sparks global privacy concerns and regulatory actions

The rise of DeepSeek AI has ignited global data privacy concerns. Italy banned the AI chatbot after deeming its data protection measures “insufficient.” Other regulators have followed Italy’s lead, demanding DeepSeek developers submit their data practices. 

According to its privacy policy, DeepSeek is a shared cloud service hosted and stored in China. Bill Conner, chief executive of automation firm Jitterbit and former security advisor to the US government, says this could potentially introduce unknown risks to data privacy, compliance mandates, and security controls.

While the bill claims to protect US interests, not everyone agrees with its approach. Ben Brooks, a fellow at Harvard’s AI Research, said the bill would “kill open-source.”

Brooks, who also served as the head of public policy for Stability AI, continued to describe the bill as the “most aggressive legislative action on AI.” He added that the bill would set back US research and decouple the rest of the world from the US.

The creator of the AI chatbot Truth Terminal, Andy Ayrey, shared similar concerns. He pointed out that the bill would ‘slow Western progress in AI’ than it would hurt competitors. He proposed that a better way forward would be to release open-source model weights and datasets with cooperative and democratic values infused in them so they can organically shape international AI development.

Several states have also indicated they are considering a DeepSeek ban, with Texas becoming the first to enforce restrictions on government devices. Texas Governor Greg Abbott said the state will not allow the Chinese Communist Party to infiltrate its critical infrastructure through data-harvesting AI and social media apps.

Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews – FREE Cheat Sheet

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Google has opened its most powerful Gemini 2.0 suite for everyone Enacy Mapakame | usagoldmines.com

Crypto-loving Howard Lutnick confirmed as US Commerce Secretary – What to expect from him Jai Hamid ...

Strategy’s Bitcoin holdings hit $23.9B despite $670M loss in Q4 and pause in purchases Jai Hamid | u...

Michael Saylor Teases “Big Strategy Day,” Crypto Community Reacts Julia Smith | usagoldmines.com

South Korean Police Arrest 90 in Raid on ‘Crypto-powered Drug Gang’ Tim Alper | usagoldmines.com

Dogecoin $10 Price Target Back In Play? Here’s What The Charts Say Scott Matherson | usagoldmines.co...

Analyst sets $95,000 ceiling for Bitcoin fair value amid declining network activity Gino Matos | usa...

Senator Hagerty to Introduce Stablecoin Legislation Victor | usagoldmines.com

Ethereum Increases Gas Limit to Boost Scalability Victor | usagoldmines.com

Base and USDC Enable Faster Global Payments with Hurupay Tari | usagoldmines.com

Trump’s Crypto Czar Explores Strategic Bitcoin Reserve Victor | usagoldmines.com

Adin Ross & FaZe Banks Launch GTA 6 RP with Crypto Pay Victor | usagoldmines.com

CFTC Investigates Super Bowl Bets by Crypto.com Lawrence Mike Woriji | usagoldmines.com

Kraken Gets MiFID License to Offer Derivatives in EU Lawrence Mike Woriji | usagoldmines.com

Treasury Secretary Bessent says Trump is “not calling for the Fed to lower interest rates” Jai Hamid...

SoftBank wrapping up $6.5B deal for Oracle-backed chip designer Ampere Hannah Collymore | usagoldmin...

Bitcoin network activity hits one-year low as mempools dip to 2022 crypto winter levels Hannah Colly...

Zano Blockchain Partners with Cake Wallet to Drive Privacy Coin Adoption Cryptopolitan Media | usago...

VanEck forecasts 3% market cap growth for Solana, $520 price by 2025-end Gino Matos | usagoldmines.c...

CFTC Investigates Super Bowl Bets by Crypto.com Lawrence Mike Woriji | usagoldmines.com

China for China: Chinese chip makers, cloud providers rush to support homegrown DeepSeek Florence Mu...

US prosecutors indict ex-Google software engineer for stealing AI secrets to benefit Chinese employe...

Google to invest $75 billion in 2025 to expand AI infrastructure Nellius Irene | usagoldmines.com

OpenAI’s Sora filmmaking tool meets unseen resistance in Hollywood Florence Muchai | usagoldmines.co...

Musk wants suit over Tesla’s use of AI-generated ‘Blade Runner’ imagery dropped Florence Muchai | us...

MicroStrategy rebrands to just Strategy just after new BTC purchases put on freeze Hristina Vasileva...

Algorand seeks role in US government D.O.G.E blockchain initiative Cryptopolitan News | usagoldmines...

Sen. Cynthia Lummis exposes yet another undeniable proof of Chokepoint 2.0 Enacy Mapakame | usagoldm...

Bank of England to cut interest rates to 4.5% as economic growth stagnates Collins J. Okoth | usagol...

“Kraken may know the identity of Satoshi” – Conor Grogan, Coinbase exec claims Hannah Collymore | us...

Ethereum is no longer the crypto casino as DEX traffic switched to Solana Hristina Vasileva | usagol...

Federal Reserve exposed for being an active part of crypto debanking Jai Hamid | usagoldmines.com

Cboe BZX files to offer options on spot Ethereum ETFs Nellius Irene | usagoldmines.com

Unions drag US Treasury to court for giving Elon Musk’s D.O.G.E read-only access to data Jai Hamid |...

El Salvador Remains Bullish, Adds Another 12 BTC To Its Expanding Bitcoin Reserve Brenda Ngari | usa...

XRP Price To Hit $5.85 — Crypto Analyst Makes Bullish Ripple’s XRP Cycle Projection Aliyu Pokima | u...

Vitalik Buterin Projects Ethereum Pectra Upgrade In March — Here’s More Aliyu Pokima | usagoldmines....

XRP Ledger Suffers Rare Outage, Briefly Halts Network Production Before Spontaneously Recovering Bre...

Ripple’s XRP on Track for 63,000% Rapid Explosion Like in 2017 — Analyst Newton Gitonga | usagoldmin...

Ransomware Payments Drop 35% in 2024 as Victims Refuse to Pay Hackers: Chainalysis Tanzeel Akhtar | ...

CFTC overhauls enforcement division to combat fraud without regulatory pitfalls Assad Jafri | usagol...

Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum Se...

MicroStrategy rebrands to Strategy, reinforces Bitcoin Treasury focus Gino Matos | usagoldmines.com

Blockstream Opens Tokyo Office to Drive Bitcoin Growth in Asia Tanzeel Akhtar | usagoldmines.com

Avalanche (AVAX) Crypto Predictions: Now Is The Time to Buy, Says Experts, Sell Shiba Inu & Get ...

Could Bitcoin Drop to $69K? Experts Recommend Mutuum Finance for 1400% Returns as a Promising Altern...

MicroStrategy rebrands to Strategy reflecting its Bitcoin focus Enacy Mapakame | usagoldmines.com

A Rare Crypto Opportunity—This Token Is Poised for Massive Growth and Big Market Impact Cryptopolita...

FDIC to update crypto banking guidelines, releases documents on pause letters Gino Matos | usagoldmi...

XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels Scott Matherson | usago...

MetaMask adds Gas Station feature for token-based transaction fees Assad Jafri | usagoldmines.com

MicroStrategy rebrands to Strategy reflecting its Bitcoin focus Enacy Mapakame | usagoldmines.com

Can These New Crypto Coins Explode After Travala-Trivago Crypto Integration? Krishi Chowdhary | usag...

BNB Chain Defies Expectations With Over 20% Surge To $750 – Details Christian Encila | usagoldmines....

5 Best Upcoming Meme Coins to Buy as US Could Introduce ‘GENIUS’ Stablecoin Bill newsbtc | usagoldmi...

Bitcoin Price Action: Why The Next 30 Days Could Be A Game-Changer For The Market Scott Matherson | ...

Holding the Wrong AI Crypto Could End in Disaster. Can Mind of Pepe Become a Winner in 2025? Krishi ...

Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion Keshav Verma | usagoldmines.com

Why Bitcoin Wins No Matter The Outcome Of Trump’s Trade War Jake Simmons | usagoldmines.com

Tether is developing several AI apps and an open-source SDK platform Oluwapelumi Adejumo | usagoldmi...

El Salvador bought 21 BTC last week despite new IMF deal Oluwapelumi Adejumo | usagoldmines.com

Ondo launches blockchain platform to tokenize US stocks for global investors Oluwapelumi Adejumo | u...

BlackRock to launch new Bitcoin ETP for European market Gino Matos | usagoldmines.com

This New Crypto Presale Is Gaining Momentum Fast—Could It Be the Next Big 50x Opportunity? Cryptopol...

DeFi whales cash out! AAVE, LINK, UNI dumped for millions Ashish Kumar | usagoldmines.com

US Treasury eases anxiety over Elon Musk’s D.O.G.E as USAID staff get fired Jai Hamid | usagoldmines...

Tether’s CEO previews AI translate, AI voice assistant, and AI bitcoin wallet assistant features Col...

Why is the crypto market down today? XRP, DOGE, and ADA lead weekly losses Florence Muchai | usagold...

XRP To Hit $8 In The ‘Upcoming Days,’ Predicts Crypto Analyst Jake Simmons | usagoldmines.com

XRP Price Retraces After Failing To Clear $2.7, More Losses Ahead? Godspower Owie | usagoldmines.com

Ethereum supply returns to pre-Merge levels Oluwapelumi Adejumo | usagoldmines.com

Bitcoin ETFs see $340M in inflows but six out of ten funds remain flat Andjela Radmilac | usagoldmin...

Algorand Foundation wants DOGE to adopt its blockchain for government overhaul Oluwapelumi Adejumo |...

DeFi advocacy group urges DOJ to rethink liability for developers Oluwapelumi Adejumo | usagoldmines...

Moonwell Launches VIRTUAL Token Market Victor | usagoldmines.com

Berachain Mainnet Launches February 6, 2025 Victor | usagoldmines.com

Neptune Digital Assets Adds 1M Dogecoin (DOGE) to Corporate Treasury Oliver Dale | usagoldmines.com

Market Expert Claims XRP Drop To $1.76 Was ‘Manipulated’ – Here’s Why Christian Encila | usagoldmine...

XRP Ledger resumes activity after second outage in three months Oluwapelumi Adejumo | usagoldmines.c...

Ripple CEO slams crypto community for comments on David Sacks’ first press conference Jai Hamid | us...

Shiba Inu to Power UAE Government’s Digital Infrastructure Oliver Dale | usagoldmines.com

SBR is Expected to Supercharge the Dollar and Bolster US Leadership in this Techno-Financial Age Oli...

Seoul Districts to Seize Crypto as South Korean Local Tax Crackdown Intensifies Tim Alper | usagoldm...

Coinbase Calls on US Regulators to Enable Banks to Provide Crypto Services Shalini Nagarajan | usago...

Ohio Lawmaker Proposes Second Bill to Establish State Bitcoin Reserve Ruholamin Haqshanas | usagoldm...

US SEC Scales Back 50-Member Crypto Enforcement Team: Report Sujha Sundararajan | usagoldmines.com

Semler Scientific Buys $88M in Bitcoin, Reports 150% Paper Gain Ruholamin Haqshanas | usagoldmines.c...

Shiba Inu And Dogwifhat Did It Before – Can FXGuys ($FXG) Turn $100 Into $10,000 Now? Cryptopolitan ...

SUI’s 30% Drop Just the Beginning? Crypto Expert Warns Of Devastating Crash Ahead! Mustafa Mulla | u...

Bitcoin Price Prediction For Feb 5th Qadir AK | usagoldmines.com

South Korea Crypto Tax Crackdown: Seoul Targets $714K in Unpaid Taxes Qadir AK | usagoldmines.com

How Elon Musk’s Tesla and Bitcoin Investments are Dominating Global Markets Zameer Attar | usagoldmi...

Google removes pledge to not use AI for weapons and surveillance Florence Muchai | usagoldmines.com

Memecoins Crowned As ‘Defining Narrative Of 2024’, What’s The Next Key Sector To Watch? Rubmar Garci...

Bitcoin ETFs See Explosive Growth as Institutional Investors Pour In Debashree Patra | usagoldmines....

Ohio Bitcoin Reserve Bill: Will the State Go All-In on BTC? Mustafa Mulla | usagoldmines.com

XRP News Today: 80% Chance of XRP Spot ETF Approval in 2025? Vignesh S G | usagoldmines.com

XRP Lawsuit News: Ripple CLO Discusses What’s Next, Remains Hopeful About Atkins Anjali Belgaumkar ...

Why These 3 Altcoins Can Make You a Millionaire in 2025 – Don’t Miss Out! Cryptopolitan Media | usag...

XRP ledger faces rare outage, stops block production for an hour before recovering Nellius Irene | u...

Leave a Reply