Director of National Intelligence Lobbied SEC on Bitcoin, ETF Incoming?

john ratcliff dni director

John Ratcliffe, the Director of National Intelligence (DNI) sent a letter to the chairman of the Securities and Exchanges Commission (SEC) expressing concerns over their overbearing approach towards cryptocurrencies. Ratcliffe offered last month to brief the departing SEC chair, Jay Clayton, in regards to China’s influence over crypto mining as well as how their push for a central bank digital currency could make it more difficult for American companies to compete. The spy chief thus tried to convince SEC to implement rules that make it easier for US-owned cryptocurrency companies to compete against those based in and controlled by China. This comes after it was revealed Sen. Tom Cotton (R-AR) wrote to Ratcliffe to say: “The continued lack of regulatory clarity not only hurts U.S.-developed digital assets, it puts American national and economic security gravely at risk.” All of it suggests a u-turn was in the making at the Securities…

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