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On August 19, French Foreign Minister Jean-Michel Barrow announced on social media that France would expel two Iranian diplomats in response to the detention and interrogation of two French diplomats by Iranian security services. Barrow had posted on social media on July 20 that Iranian security services had detained and interrogated two French embassy staff members for several hours the previous evening, violating their diplomatic immunity. Barrow also said he had told the Iranian Foreign Minister that this action was "extremely serious and unacceptable" and "will have consequences." The Iranian Foreign Ministry issued a statement on August 18, local time, saying that given the two French diplomats violation of the Vienna Convention on Diplomatic Relations, Iran had decided to declare them persona non grata and prohibit them from entering Iran.On August 19, Iranian Foreign Ministry spokesman Baghae refuted the UAEs accusation that Iran had fired missiles at it. He stated that such actions violated the principle of good neighborly relations and undermined efforts to strengthen trust among regional countries and prevent the escalation of insecurity. Baghae called on all parties to refrain from making unfounded accusations against Iran, given the complex situation caused by the continued malicious actions of the United States and Israel in regional peace and security, particularly the numerous false flag operations in recent years. Previously, the UAE announced the suspension of trade, commercial, and financial transactions with Iran.Iranian Foreign Ministry spokesman Bagaei called on all parties in the region to refrain from making baseless accusations against Iran and to be wary of the continued malicious actions by the US and Israel that undermine regional peace and their history of using false flags.Iranian Foreign Ministry spokesman Bagaei: Rejected the UAEs claim that Iran launched a missile.August 19th - According to The Information, Anthropic is preparing a class of shares with additional voting rights for CEO Dario Amodie and other co-founders to help the founding team withstand pressure from external shareholders. This will be the first time Anthropics leadership has had super voting rights. Given the relatively low percentage of shares held by the co-founders, this arrangement is seen as helping to maintain the founding teams control over the company. Anthropic also plans to retain its existing non-shareholder trustee system and use the special class of shares to elect a majority of board members to further reduce the influence of external shareholders on corporate governance.

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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