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U.S. Treasury Secretary: If Chinese Companies Engage in Refinement Attacks to Steal Intellectual Property, Sanctions and Entity List Designation Will Be Considered

2026-07-23 02:01

Odaily reported that Treasury Secretary Scott Bessent posted on the X platform, expressing support for open-source AI and the innovation it brings, but emphasized that open-source is not an excuse for arbitrarily infringing upon U.S. intellectual property rights. If Chinese companies conduct covert, industrial-scale refinement attacks that cross the line into intellectual property theft, consideration will be given to imposing sanctions and placing them on the entity list.