Former Pentagon chief backs CLARITY Act

• Former US Defense Secretary Mark Esper said the CLARITY Act is important for national security.
• He argued that clearer crypto rules could strengthen US financial and technological leadership.
• The comments add a national security argument to the debate over crypto regulation.

Former US Defense Secretary Mark Esper said the CLARITY Act is important for US national security.

Esper said clearer crypto regulation could strengthen the United States in financial technology and digital assets.

He said the bill could help keep crypto innovation and investment within the United States.

Esper said uncertainty around crypto regulation could create risks for the country’s economic and technological position.

Supporters of the CLARITY Act say the bill would provide clearer rules for digital asset businesses.

The proposed legislation aims to define how different crypto assets are regulated in the United States.

The bill remains under consideration, and its future will depend on the legislative process in Congress.