Search results for Patriot Act
Crypto
Esper says CLARITY Act is national security bill, urges swift Senate passage
Former U.S. Defence Secretary Mark Esper urged the U.S. Senate to quickly pass the CLARITY Act, calling it a national security bill rather than a financial regulation measure. He argued that regulatory gaps in digital assets could affect U.S. geopolitical influence and security, citing risks from China and North Korea using cryptocurrencies and payment infrastructure to weaken U.S. financial control. Senate action is taking shape ahead of a expected Sept. 15 vote.
AI & Enterprise
EU delays high-risk AI rules to end-2027, complicating digital sovereignty strategy
The European Union has decided to delay enforcement of rules for high-risk artificial intelligence systems until the end of 2027, a move seen as a step back for Europe’s digital sovereignty strategy. The adjustment aims to ease competitive burdens on AI companies, though critics warn it could expand U.S. big tech influence. The EU also widened exemptions for some industries while tightening measures on sexually explicit AI images and requiring visible labels on AI-made content from December.
Crypto
U.S. CLARITY Act controversy grows, industry fears expanded financial surveillance
As debate resumes in the U.S. Congress over the digital asset market structure bill known as the CLARITY Act, concerns are growing inside and outside the crypto industry about expanded financial surveillance. Galaxy Digital research head Alex Thorn warned the current language could widen oversight powers, including for the Treasury’s OFAC. Critics including Cardano founder Charles Hoskinson say the wording is too broad and could be abused.
