Esper Warns of Delayed CLARITY Act as Senate Approaches Recess

Former US Secretary of Defense Dr. Mark T. Esper has urged lawmakers to pass the CLARITY Act, calling it a national security priority rather than just a financial or technology issue.

Esper warned that this week may be the last realistic opportunity for the Senate to advance the bill before Congress enters its August recess, potentially delaying further action until September 14.

The CLARITY Act aims to establish clearer regulatory responsibilities for digital assets and provide greater legal certainty for companies operating in the blockchain ecosystem.

Esper frames cryptocurrency regulation as a national security issue, arguing that it's not just about protecting investors but also ensuring the US remains competitive in global strategic competition.