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On September 20th, US President Trump stated on social media: "At the strong request of the US military and for national security purposes, I have agreed to transform the magnificent Arc de Triomphe—planned for many years since the Civil War—located in Reception Plaza next to the Arlington Memorial Bridge, into a top-tier military complex/Arch de Triomphe—capable of housing, storing, and rapidly deploying large numbers of drones, while also deploying snipers on the rooftops and plaza area, and additionally storing and maintaining a large quantity of sniper ammunition. There is no similar facility anywhere else in the world. Of the 59 top cities and capitals in the world, Washington, D.C., is the only city without an Arc de Triomphe, but now it will have one, and it will be the greatest ever!"Market news: Israeli Prime Minister Netanyahu has ordered increased military presence in the West Bank, including a blockade, arrests, and the demolition of the residences of those who carried out the attacks.September 20th - According to BHP Billitons official WeChat account, the 15th China International Steel Conference, hosted by the China Iron and Steel Association and the Metallurgical Industry Branch of the China Council for the Promotion of International Trade, was held in Shanghai from September 19th to 20th. In his keynote speech, BHP Billiton CEO Brandon Craig pointed out that Chinas continued investment in advanced manufacturing, renewable energy, and the digital economy will create new growth momentum and resource demand. Steel will remain a crucial pillar of economic development and industrial competitiveness, while the importance of copper will continue to rise. Craig stated that in the iron ore sector, BHP Billiton expects to invest over US$10 billion in its iron ore business over the next five years to maintain and enhance production capacity, develop high-quality ore bodies, and upgrade port and railway infrastructure; it will also fully support Western Australias iron ore production target of 305 million tons per year by fiscal year 2028. Regarding copper, BHP Billiton plans to continue expanding its copper production capacity over the next decade to support global electrification, energy transition, and digital infrastructure development.On September 20th, the German Institute for Economic Research released its autumn economic forecast, significantly raising its 2026 economic growth forecast for Germany from 0.4% to 1.2%. The institute stated that the upward revision was mainly due to strong economic growth in the first half of this year. However, the institute predicts that "growth momentum will slow again in the second half of 2026." This is attributed to the expiration of special export incentives, high energy prices suppressing private consumption, and the continued crisis in the construction industry, primarily driven by government investment. The institute projects German economic growth to be slightly below 1% in 2027. The institute also warned that the Russia-Ukraine conflict, the Middle East situation, international trade conflicts, and declining water levels in major European rivers could all negatively impact the German economy. Furthermore, influenced by rising energy prices, the institute predicts that Germanys inflation rate in 2026 will be slightly above 2.5%, while consumption is expected to grow by only 0.3%.On September 20, local time, Irans intelligence ministry announced that it had recently dismantled three terrorist groups linked to the US and Israel in Alborz, Kerman, and West Azerbaijan provinces. Several terrorists were arrested and killed in the operations. According to Iranian sources on September 19, an Iranian man accused of providing Israeli intelligence with information about Iranian military bases has been executed. In August, the Iranian judiciary announced the execution of two spies for providing Israeli intelligence with coordinates, images, and related intelligence about Iranian military and security centers.

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.

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