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On April 2nd, Dallas Federal Reserve President Logan outlined the path and options for the Fed to reduce its balance sheet, noting that the current system functions well and benefits overall financial stability. Logan stated that the Feds current system for managing financial liquidity is designed to provide "ample" levels of reserves, and that the system is "efficient and effective." However, there are several ways to help reduce the Feds holdings under the current system, many of which involve rules governing financial institutions management of cash reserves. Recent internal and external research by the Fed indicates that by adjusting regulations to encourage banks to hold lower reserve levels, the Fed could further reduce its balance sheet under the current system. Logan agreed, stating that the Fed is currently working to make reserve management "more efficient" during periods of stress. She also stated that some liquidity rules, while increasing reserves, have not improved safety because banks are reluctant to use these reserves during crises. "This is an inefficient use of the Feds balance sheet, and we can completely avoid this."Lei Jun, chairman of Xiaomi Group, announced in a live broadcast that the new generation SU7 has secured more than 40,000 orders.Federal Reserves Logan: There are many options for reducing the size of the Federal Reserves balance sheet, and they are interconnected.Federal Reserves Logan: If public demand can be met, there is no problem with the expansion of the Federal Reserves balance sheet.Federal Reserves Logan: The Fed should not let balance sheet issues distract it from its mission.

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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