EUR/USD 1.15382
-0.442%
Gold 4676.00
-1.726%
Oil 103.832
10.230%
USD/JPY 159.594
0.496%
GBP/USD 1.32259
-0.606%
GBP/JPY 210.992
-0.103%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US Navy: USS Ford aircraft carrier is ready to re-engage in operations with Iran.On April 3, New York Federal Reserve President Williams stated that the inflation and employment risks from rising energy prices have reached a "balance," and he leans towards supporting maintaining the current interest rate. Williams said, "Monetary policy, through the actions we took last year and our current stance, is actually well-positioned to balance these risks, and thats exactly what we need to do." Williams also stated that he doesnt believe losses in private credit (non-bank lending) pose a systemic risk, despite some investors in that sector demanding early redemptions. Williams attributed this primarily to the repricing of underlying loans. He said, "I dont think it currently poses a systemic risk to our financial system," noting that policymakers are "closely monitoring" banks exposure. When asked if some private credit funds could be considered "too big to fail," he replied, "Absolutely not."Foreign central banks held $37.791 billion in U.S. Treasury securities in the week ending April 6, compared with a decrease of $23.177 billion in the previous week.Alphabet (GOOG.O) Chief Financial Officer and Chief Accountant Amy Tunall OToole will resign on April 9.April 3rd - According to sources familiar with the matter, SpaceX has raised its target valuation for its initial public offering to over $2 trillion. These sources stated that the company and its advisors are disclosing this valuation target to potential investors in preparation for meetings in the coming weeks. Foreign media previously reported that these so-called "trial" briefings may contain more information supporting this valuation. In February, it was reported that SpaceXs valuation was $1.25 trillion after acquiring Musks xAI. At a $2 trillion valuation, SpaceX would surpass all companies in the S&P 500 except for Nvidia, Apple, Alphabet (Googles parent company), Microsoft, and Amazon, and would also surpass two other members of the "Big Seven" of US stocks—Meta and Musks own Tesla.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

微信截图_20220707162601.png


Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

Suggestion