Geo News
Community curated by people like you
LatestAICryptoHealthWorld AffairsUS Politics

Financial Times stories

Aug 8, 2026

Former Defense Secretary Esper Urges Senate to Pass CLARITY Act, Framing Crypto Regulation as National Security Issue

Mark Esper, former U.S. Defense Secretary and Coinbase adviser, called on the Senate to pass the CLARITY Act in a Financial Times op-ed, arguing that digital asset regulation is essential to counter threats from China and North Korea. The appeal comes as Senate Majority Leader John Thune filed a motion to proceed on the bill, setting up a procedural vote for September.

Aug 8, 2026·8 sources
00

Top claims

  • ▪Critics, including Senator Elizabeth Warren and the National Sheriffs' Association, have expressed concern that the CLARITY Act's regulatory exemptions could weaken illicit finance enforcement and national security.
  • ▪Senate negotiations on the CLARITY Act remain stalled over unresolved disputes regarding stablecoin yield provisions, decentralized finance (DeFi) rules, and ethics language governing Donald Trump's cryptocurrency holdings.
  • ▪The CLARITY Act proposes to amend 31 U.S.C. 5318A to expand the Treasury Department's Section 311 Patriot Act special-measures authority to cover digital asset transfers linked to foreign money laundering concerns.

Topics

Crypto lobbyingCrypto regulationChina-United States relationsU.S. AI regulation

Related entities

ChinaNorth Korea

Featured Stories

OpenAI pauses development of Astra AI model over critical cybersecurity capability concerns

OpenAI pauses development of Astra AI model over critical cybersecurity capability concerns

Aug 7, 2026·2 sources