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On June 5th, local time, Ukrainian President Volodymyr Zelenskyy sent an open letter to Russian President Vladimir Putin on June 4th, proposing a direct meeting between the two leaders to "promote an end to the conflict through fair and dignified means and to build a practical and effective security guarantee mechanism." The letter stated that Ukraine has no intention of allowing the conflict to continue indefinitely and has proactively proposed a ceasefire negotiation plan. Regarding the meeting and negotiation process, Ukraine proposed that Ukraine and Russia first conduct direct consultations, followed by the participation of relevant parties such as the United States and Europe, to support the subsequent establishment of a security guarantee system. Zelenskyy stated in the letter that Ukraine is ready for negotiations, willing to implement a comprehensive ceasefire during the negotiation process, and adhering to the principle of "all for all," to conduct prisoner exchanges with Russia and fully cooperate in advancing peace negotiations. Russian Presidential Press Secretary Dmitry Peskov responded that Putin has not yet seen Zelenskyys open letter.According to Politico, the Pentagon may cancel its plan to sell missiles to Germany due to concerns about Russia.Moodys ratings said that Alphabets $84 billion equity financing is a positive factor for its credit rating.On June 5th, U.S. Treasury Secretary Bessenter stated that future exemptions allowing countries to purchase oil from Russia might be granted on a country-by-country basis, rather than a blanket approach. Testifying before the House Ways and Means Committee on Thursday, Bessenter said, "I strongly believe that if there are further exemptions, they will be targeted at specific countries, not a blanket approach. The additional revenue Russia would gain from these exemptions would be negligible."US President Trump: Pledges to take historic action to lower energy prices.

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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