US senators propose bill to block AI tech from foreign adversaries
Republican senators Tim Scott and Bill Hagerty introduced a bill to give the Commerce Department authority to block AI transactions involving foreign adversaries, though its passage is uncertain amid the congressional calendar.
Two Republican senators who have been central to crypto legislation this congressional session introduced a bill Tuesday that would expand the Commerce Department's authority to block foreign adversaries from accessing US artificial intelligence technology.
The bill, sponsored by Senators Tim Scott and Bill Hagerty, would allow the Commerce Department to prohibit transactions involving AI technology designed, developed, manufactured, or supplied by entities owned, controlled, or directed by foreign adversary countries. The move targets supply chain vulnerabilities in AI, a sector increasingly critical to national security and economic competitiveness.
For cryptocurrency and digital asset traders, this bill signals a broader regulatory tightening around technology that underpins blockchain and crypto infrastructure. AI is used in trading algorithms, on-chain analytics, and security protocols. Any disruption to AI supply chains could indirectly affect crypto markets by increasing costs or slowing innovation. Traders can monitor the bill's progress on NowPrice's live crypto dashboard for potential market-moving developments.
The bill faces an uphill battle as Congress approaches its summer break and midterm elections. With limited legislative time, the proposal may struggle to advance. However, its introduction highlights growing bipartisan concern over AI and national security, a theme that could resurface in future sessions regardless of this bill's fate.