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On May 14, Xi Jinping stated that the common interests between China and the United States outweigh their differences, that the success of each country is an opportunity for the other, and that a stable China-US relationship is beneficial to the world.On May 14, President Xi Jinping held talks with US President Donald Trump at the Great Hall of the People in Beijing. Xi Jinping pointed out that the world is undergoing rapid changes, with a complex and volatile international landscape, and the world has reached a new crossroads. Can China and the US overcome the "Thucydides Trap" and create a new paradigm for major-country relations? Can they work together to address global challenges and inject more stability into the world? Can they focus on the well-being of their people and the future of humanity to jointly create a bright future for bilateral relations? These are questions of history, questions of the world, and questions of the people; they are also answers that leaders of major powers need to jointly write for our times.On May 14, President Xi Jinping held talks with US President Donald Trump, who was on a state visit to China, at the Great Hall of the People in Beijing.The yield on Japans 30-year government bonds rose 3.0 basis points to 3.845%, while the yield on 40-year bonds rose 2.5 basis points to 4.095%.On May 14th, Barclays analyst Bum Ki Son stated that the Bank of Korea (BOK) may begin tightening monetary policy in August. The economist predicts the BOK will take "precautionary" interest rate hikes—one each in the third and fourth quarters of this year, and another in the second quarter of next year—raising the current rate from 2.50% to 3.25%. In a research report, he wrote that the BOK may be more optimistic about the economic growth outlook after a stronger-than-expected first quarter GDP performance. He also noted that heightened concerns about rising overall consumer prices due to the Middle East oil price shock may also prompt the BOK to take precautionary interest rate hikes.

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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