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On May 26, nuclear energy company Oklo (OKLO.N) announced that it has been selected by the U.S. Department of Energy to enter into advanced discussions regarding receiving Cold War-era plutonium for use as fuel in nuclear reactors. Last year, it was reported that the Trump administration planned to provide U.S. power companies with approximately 20 tons of plutonium from dismantled nuclear warheads, intended as potential reactor fuel.On May 26th, it was learned from industry sources that the Securities Association of China recently launched a survey on the current status of conflict of interest management among securities companies. The survey questionnaire consists of 46 questions, covering eight dimensions: basic company information, management framework, business conflict of interest management, cross-business collaboration, group management and cross-border business, senior management conflicts of interest, and related-party transactions. Industry insiders believe that this survey questionnaire goes beyond basic questions like "Do you have a firewall system?" and delves into detailed management aspects such as "Who makes the decisions?", "How are they controlled?", "Is it controllable?", and "What happens when they cross borders?"The Hungarian central bank kept its benchmark interest rate at 6.25%, in line with market expectations.The Norwegian government: The Norwegian Ministry of Foreign Affairs has summoned the Russian chargé daffaires in Norway.On May 26th, Futures News reported that BP (BP.N) announced the immediate resignation of its chairman, Albert Manifold, following feedback from the board regarding governance standards, regulatory compliance, and personal conduct. Manifold assumed the chairmanship of the British energy giant last October. The company stated that after learning of several governance oversight and conduct issues that it deemed unacceptable, the board unanimously decided that he should no longer serve as chairman. BP indicated that Ian Tyler will temporarily assume the position. BPs share price fell as much as 9.3%, on track for its biggest one-day drop since March 2020.

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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