• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Energy Secretary: Oil flows smoothly through the Strait of Hormuz thanks to the protection of the U.S. Navy.US President Trump: We will never let Americans fall behind, because we prioritize America.On August 22, a U.S. federal district judge overturned the Trump administrations policy of suspending the issuance of immigrant visas to applicants from 75 countries, stating that the policy exceeded Secretary of State Rubios legal authority. District Judge Janet Vargas stated that the policy announced by the State Department in January was "clearly illegal" and violated federal immigration law. The Trump administration may appeal, and the policy remains in effect.On August 22, Mexicos chief trade negotiator stated that he is confident of securing more lenient U.S. tariff terms on Mexican auto and steel exports, similar to the adjusted measures currently being negotiated by Washington with Canada. This comes after reports that U.S. and Canadian negotiators have made progress toward an agreement as part of a broader effort to ease regional trade rules pushed by Trump. Mexico has not yet reached a similar agreement with the U.S., but Ebrard insisted he expects progress soon. He stated that his team is closely monitoring the negotiations between Washington and Ottawa, adding that Mexico also has its own negotiating strategy.On August 22, the Colombian National Disaster Risk Management Agency issued an updated disaster report stating that the strong earthquake that struck the country recently has caused 329 deaths, 4,600 injuries, and 247 missing persons, with 364 people rescued. According to the China Earthquake Networks Center, a magnitude 7.5 earthquake struck northwestern Colombia on the evening of August 10 (morning of August 10 local time), with a focal depth of 80 kilometers. Thirty-two cities across Colombia were severely affected.

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.