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On July 14, the Omani Ministry of Foreign Affairs issued a statement saying that, regarding the recent discussions surrounding navigation in the Strait of Hormuz, Oman will continue to cooperate with all parties in a transparent and neutral manner to promote the restoration of freedom of navigation in the Strait of Hormuz and ensure that the relevant arrangements are fully in accordance with international law. The statement added that Oman will continue to fulfill its obligations as a State Party to the United Nations Convention on the Law of the Sea and called on all parties concerned to respect international law and handle related issues in accordance with international law.Market news: Ukrainian drones attacked the Salavat oilfield in Russia.On July 14, 2026, Wang Huning, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chairman of the National Committee of the Chinese Peoples Political Consultative Conference (CPPCC), met in Beijing with a delegation from the Communist Party of Vietnam led by Le Minh Tri, member of the Politburo of the Communist Party of Vietnam Central Committee and Minister of the Interior. Wang Huning stated that General Secretary Xi Jinping maintains close strategic communication with General Secretary To Lam. In April of this year, General Secretary To Lam successfully visited China and reached new important consensus with General Secretary Xi Jinping, providing strategic guidance for the development of relations between the two parties and countries and the cause of world socialism. China is willing to work with Vietnam to implement the important consensus reached by the top leaders of the two parties and countries and promote the continuous deepening and solidifying of the China-Vietnam community with a shared future. The CPPCC is willing to make positive contributions to this end.According to Hong Kong Stock Exchange documents, Tongao Testing Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.A spokesperson for the British Prime Minister said the Strait of Hormuz should be reopened without charging tolls.

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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