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CLARITY Act: National Security Imperative | Bitcoin and Crypto News
Description
Former Defense Secretary Mark Esper is rallying support for the CLARITY Act, framing it as a vital national security tool—not just financial reform. He warns that weak crypto regulations enable adversaries like China and North Korea to bypass U.S. oversight, eroding America’s global financial dominance. Esper highlights how China is building alternative payment systems and how North Korea’s Lazarus Group exploits crypto loopholes to evade sanctions. The bill would expand Treasury’s authority under the Patriot Act to better target illicit finance. With Senate Majority Leader John Thune moving to schedule a vote by September 15, Esper urges swift passage—calling this legislation essential to preserving U.S. economic and security leadership.
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