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US President Trump: Just as I successfully pushed through the "Big and Beautiful" bill that everyone said was impossible, and the $1,776 for our great military personnel, if Republicans win the House and Senate, I will fight for $5,000 for adult citizens. Go vote!On September 15th, according to foreign media reports, Chicago Board of Trade (CBOT) wheat futures fell to their lowest level in more than two weeks on Monday, mainly due to market expectations of a possible easing of tensions in the Black Sea. Wheat prices reversed course after Trump stated that Ukraine and Russia had agreed not to attack each others energy targets. StoneX analysts stated that speculative funds holding large long positions appear to interpret this new pressure from the US as a signal that could prompt a de-escalation of the Black Sea commodity shipping situation, but whether the actual situation will improve remains to be seen.On September 15th, according to Lithuanian sources, an unidentified drone entered Lithuanian airspace and was shot down by NATO fighter jets on a Baltic air patrol mission. The drone was reportedly shot down over the Aretus district in southern Lithuania. Following the incident, Lithuanian fire and rescue services issued a yellow alert for air threat a few minutes after midnight, covering Vilnius, the Vilnius district, and the Trakai district. The alert has since been lifted. Vilnius airport operations and related airspace were temporarily restricted. The Lithuanian National Crisis Management Center stated that authorities spotted the drone in the Trakai district and scrambled fighter jets on a NATO patrol mission. Approximately 30 minutes later, authorities reported that the drone had been shot down. It is understood that the drone may have entered Lithuania from Belarus. Lithuanian officials have not yet released the drones model, ownership, or the specific reason for its entry into Lithuanian airspace.On September 15th, it was learned that the US governments oversight agency released its first report on the impact of the US-Iran war on September 14th local time, acknowledging a shortage of advanced US military weapons and publicly disclosing damage to US military aircraft, military bases, and diplomatic facilities in the Middle East. The report from the US Department of Defense Inspector General stated that the war has caused a "strategic stockpile shortage" and exposed bottlenecks in military production capacity for ammunition replenishment. Experts previously estimated that it might take the US military approximately three years to restore its advanced missile and air defense interceptor stockpiles to pre-war levels.On September 15th, Bank of America CEO Moynihan stated on Monday that he expects the banks investment banking revenue to decline by at least 10% in the third quarter, while sales and trading revenue will remain flat. Moynihan anticipates third-quarter investment banking revenue to be between $1.6 billion and $1.8 billion, down from $2 billion in the same period last year. He stated that the deal pipeline remains ample, but also warned that rising interest rates could lead to a slowdown in some funding demand. Moynihan stated, "We have very strong confidence in the fundamentals of the U.S. economy."

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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