Former Defense Secretary: CLARITY Act Critical for National Security Against Crypto Threats

Former U.S. Secretary of Defense Mark Esper has issued an urgent warning to the Senate, emphasizing that passing the CLARITY Act is a critical national security issue. The legislation would extend Patriot Act provisions to digital assets, modernizing the identification and special measures apparatus against foreign institutions to target threat actors such as North Korea and criminal organizations. Esper stressed that the CLARITY Act is 'not merely a financial services bill,' highlighting the national security implications of cryptocurrency regulation. The measure represents a coordinated response to growing digital threats, potentially strengthening the U.S. position in protecting its financial infrastructure from malicious actors in the crypto space.
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