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US Treasury Proposes New AI and Semiconductor Investment Restrictions
The US Treasury has proposed new rules that would block investment in artificial intelligence projects and certain high-risk semiconductors in foreign countries, including China, Russia, Iran, North Korea, and Cuba. The rules, which will go into effect in December 2025, are part of the COINS Act and expand the Outbound Investment Security Program. The US has already imposed penalties on companies for failing to report investments to China, including a $200,000 penalty on Amidi, LLC. The US Department of Homeland Security has also ordered the removal of DeepSeek products from federal civilian agency IT systems, warning that use of DeepSeek could expose sensitive information to China, potentially revealing details about US citizens and federal programs. The Solana Accelerate event in Shanghai was postponed due to exceeding the event cap set by local authorities, according to the Solana Foundation's president.