Trump spy chief seeks SEC scrutiny of Chinese dominance in cryptocurrency
The U.S. intelligence community is raising concerns about the Chinese Communist Party’s influence over digital currencies with the Securities and Exchange Commission. Cryptocurrency, central bank digital currency, and e-cash are all being drawn into a multifront global competition against Beijing for leadership of the world’s economy, prompting pushback from the Trump administration reminiscent of how the government reacted to Chinese telecom giant Huawei managing to dominate much of the fifth-generation wireless technology market worldwide.
