{"id":76602,"date":"2026-08-10T05:08:18","date_gmt":"2026-08-10T05:08:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/esper-warns-senate-to-pass-clarity-act-for-national-security\/"},"modified":"2026-08-10T05:08:18","modified_gmt":"2026-08-10T05:08:18","slug":"esper-warns-senate-to-pass-clarity-act-for-national-security","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/esper-warns-senate-to-pass-clarity-act-for-national-security\/","title":{"rendered":"Esper Warns Senate to Pass CLARITY Act for National Security"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Mark Esper urged passing the CLARITY Act to extend financial controls and protect US sanctions power.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Failing to pass CLARITY could allow China to set digital payment rules and erode US dollar dominance.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">CLARITY expands the Patriot Act to stop rogue actors while keeping crypto innovation onshore in the U.S.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Mark Esper: CLARITY Act \u2018Not Merely a Financial Services Bill\u2019<\/h2>\n<p>While the Digital Asset Market Clarity Act, commonly referred to as the CLARITY Act, <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/clarity-act-heads-toward-sept-15-senate-vote-as-crypto-bill-advances\/\">awaits a possible Senate vote in September<\/a>, former defense officials have highlighted the initiative\u2019s relevance in the defense field.<\/p>\n<p>Mark Esper, who served as the U.S. Secretary of Defense under Donald Trump\u2019s first administration, stressed that CLARITY\u2019s effects go way beyond the financial services industry, reaching into America\u2019s dollar-linked defense apparatus.<\/p>\n<p>Esper stressed that CLARITY would establish relevant provisions to extend the controls that now apply to dollar transactions to the digital ecosystem, and that failing to pass it would risk ending the visibility into international financial flows and the sanctions capabilities that come with it.<\/p>\n<p><strong>\u201cThis is why the Clarity Act, now before the Senate, is not merely a financial services bill. It is also a national security bill, and it should be understood as such and passed with urgency,\u201d<\/strong> he assessed <a href=\"https:\/\/www.ft.com\/content\/8b61001e-6d7c-4ca9-8c4b-853b4555f318\" target=\"_blank\" rel=\"noopener noreferrer\">in a recently published opinion piece<\/a>.<\/p>\n<p>Stablecoins have a special relevance in this new system, <a href=\"https:\/\/news.bitcoin.com\/stablecoin-volumes-hit-record-33-trillion-amid-policy-tailwinds\/\">as they already settle billions<\/a>, rivaling the largest credit companies in the world, with most of their value collateralized by U.S. treasuries.<\/p>\n<p>To Esper, failing to act to preserve American dominance in this space would allow China, which is already <a href=\"https:\/\/news.bitcoin.com\/china-onboards-26-global-institutions-to-its-new-digital-yuan-cross-border-payment-network\/\">investing in state-directed digital assets\u2019 payment systems,<\/a> to establish its own rules and finally erode the dollar\u2019s role as the de facto standard for savings and settlement.<\/p>\n<p>CLARITY <a href=\"https:\/\/www.fincen.gov\/resources\/statutes-and-regulations\/usa-patriot-act\" target=\"_blank\" rel=\"noopener noreferrer\">expands Section 311 of the USA Patriot Act<\/a> to the digital assets ecosystem, introducing several advantages in fighting rogue actors. <strong>\u201cThis would aim to stop North Korea, criminal syndicates and sanctioned regimes from exploiting offshore loopholes to evade the American financial perimeter,\u201d<\/strong> he declared.<\/p>\n<p>Equally relevant, Esper highlights that CLARITY would maintain cryptocurrency innovation onshore, allowing U.S. businesses to develop protocols implementing digital assets and achieve domination in the same way the internet was built: by private, American-aligned hands.<\/p>\n<p><strong>\u201cWe have a narrow window to set the terms of the next financial era rather than inherit terms set by our rivals\u2026 The Senate should choose to lead. It should pass the Clarity Act and send it to the president\u2019s desk,\u201d<\/strong> he concluded, even as the window for CLARITY to pass shrinks.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/esper-warns-senate-to-pass-clarity-act-for-national-security\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Mark Esper urged passing the CLARITY Act to extend financial controls and protect US sanctions power. Failing to pass CLARITY could allow China to set digital payment rules and erode US dollar dominance. CLARITY expands the Patriot Act to stop rogue actors while keeping crypto innovation [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":76603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76602"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76602"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76603"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}