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On May 22, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. At the conference, Guo announced that China, as the rotating president of the UN Security Council for May, will host a high-level meeting of the Security Council on May 26, with the theme of "Upholding the Purposes and Principles of the UN Charter and Strengthening the International System with the UN at its Core." Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, will travel to New York to chair the meeting. Guo explained that as the rotating president of the UN Security Council for May, Chinas initiative to convene this high-level meeting will focus on the contemporary value of the UN Charter, upholding and implementing its purposes and principles, and strengthening the authority and effectiveness of the UN and its Security Council—issues of widespread international concern. The meeting will be chaired by Foreign Minister Wang Yi and is open to all UN member states. Foreign ministers and high-level representatives from many countries have confirmed their attendance, and UN Secretary-General António Guterres will attend and provide updates. "We hope that all parties will take this meeting as an opportunity to reaffirm the lofty goals established by the Charter, reaffirm their firm commitment to multilateralism, and revitalize the UNs status and role with greater unity and responsibility, thus pooling greater efforts to reform and improve global governance," Guo said.Polish Foreign Minister Sikorski: Details of the US troop deployment are still unclear.May 22 - ING analysts say the market is still looking for signs of progress on a potential US-Iran deal. Despite some optimistic signs, uncertainty remains. This is not the first time a seemingly imminent agreement has ended in a breakdown in negotiations. Therefore, a large portion of the market remains skeptical of the positive signals we are seeing. While Iran has stated that the gap between the demands of both sides has narrowed, the issues of its uranium enrichment activities and its uranium stockpile remain. The US wants to move these stocks out of Iran. Another issue is the management of the Strait of Hormuz. Iran is pushing for a formal toll system in the strait, a move that will face considerable resistance. If implemented, it would set a dangerous precedent for the free passage of ships in this crucial global chokepoint. With the weekend approaching, uncertainty surrounding a US-Iran deal remains, and any new shifts in the wind could lead to significant market price volatility.The chart shows that at 22:00 Beijing time on May 22, there will be large foreign exchange options contracts for the Euro, Canadian Dollar, and Japanese Yen expiring, including 12 contracts with strike prices exceeding 1 billion. Please manage your risks.Futures News, May 22nd: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes: 1. Pulp futures warehouse receipts: 201,824 tons, unchanged from the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged from the previous trading day; 3. Offset paper futures warehouse receipts: 957 tons, unchanged from the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,560 tons, unchanged from the previous trading day; 5. Fuel oil futures warehouse receipts: 47,160 tons. 6. Petroleum asphalt futures warehouse receipts: 21,120 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 31,220 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

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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.