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According to Fox News: U.S. Central Command says the U.S. strike operation has temporarily ended.On May 26, the Russian Foreign Ministry website published a statement on May 25 saying that Russian Foreign Minister Sergey Lavrov spoke by phone with US Secretary of State Marco Rubio that day. Following instructions from Russian President Vladimir Putin, Lavrov informed the US that Russia had begun a systematic offensive against military facilities in Kyiv, the capital of Ukraine. Lavrov stated that in response to Ukraines continued attacks on Russian civilians and civilian facilities, the Russian military was conducting systematic and sustained strikes against facilities in Kyiv serving the Ukrainian Armed Forces. He reminded the US of the statement issued by the Russian Foreign Ministry that day and advised US diplomats and citizens to evacuate from Kyiv. The statement also said that the two sides exchanged views on the Strait of Hormuz and the situation in Cuba. Furthermore, both sides expressed their commitment to intensifying efforts to normalize the work of their respective diplomatic missions.U.S. Central Command spokesman Captain Tim Hawkins said the U.S. military conducted a self-defense strike in southern Iran on the 25th, “aimed at protecting U.S. forces from the threat posed by Iranian forces.” The spokesman said the targets included missile launch sites and Iranian vessels attempting to lay mines. “U.S. Central Command continues to defend U.S. forces while exercising restraint during the current ceasefire.”The UKs BRC Shop Price Index rose 1.2% year-on-year in May, down from 1.00% in the previous month.1. Major European stock indices closed higher across the board. The German DAX index rose 2.01% to 25,389.10 points; the French CAC40 index rose 1.76% to 8,258.26 points; the UK stock market was closed for the Spring Bank Holiday. 2. Most major Asia-Pacific stock indices closed higher, while the South Korean stock market was closed for a holiday. The Nikkei 225 index rose 2.87% to 65,158.19 points, setting a new record high. AI and semiconductor sectors led the gains, with Kioxia rising over 14%, and SoftBank Group and Tokyo Electron rising nearly 5%. The Indian SENSEX 30 index rose 1.42% to 76,488.96 points. 3. International precious metal futures generally closed higher. COMEX gold futures rose 1.11% to $4,573.6 per ounce, and COMEX silver futures rose 2.89% to $78.4 per ounce. 4. International oil prices fell across the board. The WTI crude oil futures contract fell 6.52% to $90.30 per barrel, while the Brent crude oil futures contract fell 6.56% to $93.64 per barrel. 5. US Treasury yields fell across the board. The 2-year Treasury yield fell 8.72 basis points to 4.034%, the 3-year Treasury yield fell 9.90 basis points to 4.078%, the 5-year Treasury yield fell 11.24 basis points to 4.156%, the 10-year Treasury yield fell 11.27 basis points to 4.463%, and the 30-year Treasury yield fell 9.59 basis points to 4.991%.

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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