The United States' Director of National Intelligence John Ratcliffe warned of China's growing influence in the crypto-currency universe in a letter to the Securities and Exchange Commission (SEC), the Washington Examiner reported. Ratcliffe, in his letter, says that more than half the world's crypto-currency mining operations take place in China and that China's own Central Bank-backed Digital Currency (CBDCs) would make it tough for US-based companies to compete. The report says that Ratcliffe offered to have senior economic intelligence officials brief the SEC Chairman Jay Clayton. The Examiner also quoted an unnamed senior intelligence official who said that there are serious national security concerns about China’s control over Bitcoin and Ethereum and that China's CBDC and artificial-intelligence measures would cement its dominance in technologies and innovations that are likely to run the world for decades to come. Unlike crypto-currencies which…
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