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Former US Defense Secretary Backs CLARITY Act

August 10, 2026

2 min read

Key Takeaways

Former US Defense Secretary Mark Esper supports the CLARITY Act.
Esper argues the bill is a national security issue.
Weak digital-asset regulation may aid North Korea and China.
The CLARITY Act could block channels used by rogue actors.

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Strategic Implications

The CLARITY Act may signal a shift in US regulatory priorities, potentially strengthening national security by countering rogue actors. Esper's endorsement suggests that digital-asset regulation could be a critical component of US financial dominance, which may be challenged by China and North Korea.

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What Happened

Digital Asset Regulation Seen As National Security Issue

Former US Defense Secretary Mark Esper has urged Congress to swiftly pass the CLARITY Act, citing national security concerns. Esper argues that weak digital-asset regulation gives North Korea and China an opportunity to challenge US financial dominance. The CLARITY Act aims to extend the Treasury Department’s special-measures authority to the digital-asset sector, which could help block channels used by rogue actors. The US Senate is set to vote on the bill on September 15, as reported by Cointelegraph.

Source | Originally Published: August 9, 2024

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