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July 20 – The Kuwaiti Ministry of Defense stated that Iran has been “continuously launching attacks against civilian and critical infrastructure within Kuwait,” resulting in multiple fires and “serious damage.” A spokesperson for the Kuwaiti Ministry of Defense stated that Iran attacked facilities belonging to the Kuwaiti Ministry of Electricity, Water Resources and Renewable Energy.According to the Syrian Arab News Agency (SANA), Syria has become a regional hub for Iraqi fuel oil exports, with over a quarter of Middle Eastern fuel oil exports being shipped through Syrian Mediterranean ports. Meanwhile, the United States is supporting the development of alternative shipping routes to bypass the Strait of Hormuz.According to Irans Tasnim News Agency, Iran claims that a US-launched cruise missile was successfully intercepted and hit by an air defense system in western Iran several hours ago, and the missile has been destroyed.July 20th - According to foreign media reports, Boeing (BA.N) increased production of PAC-3 interceptor guidance heads by 30% last year and plans to achieve a similar increase this year to support the US replenishment of its critical air defense interceptor stockpile. Steve Parker, CEO of Boeing Defense, stated that the company produced 650 guidance heads last year, comparable to the number of PAC-3 missiles Lockheed Martin (LMT.N) plans to produce in 2026. Boeings goal this year is to increase guidance head production to 850 sets. During the Iran-Iraq War, the US and its allies launched thousands of PAC-3 interceptors as Iran launched ballistic missiles at multiple targets in the region. The framework agreement signed this year is expected to boost related production to 2,000 missiles per year by 2030.On July 20, the Jordanian Ministry of Foreign Affairs issued a statement saying that it summoned the Iranian Chargé dAffaires in Amman to deliver a protest note regarding Irans continued attacks on Jordanian territory and the inflammatory and provocative statements made by Iranian official institutions concerning Jordan. A spokesperson for the Jordanian Ministry of Foreign Affairs stated that the Ministry demanded that the Iranian Chargé dAffaires convey a clear message to the Iranian government: an immediate cessation of attacks against Jordan, and an end to unacceptable inflammatory rhetoric.

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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