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On April 18, it was reported that on April 17, Ding Xuexiang, Special Representative of President Xi Jinping, Member of the Standing Committee of the Political Bureau of the CPC Central Committee, and Vice Premier of the State Council, and Gurbanguly Berdimuhamedov, Leader of the Nation of Turkmenistan and Chairman of the Council of Peoples Council, jointly attended the groundbreaking ceremony for the fourth phase of the Renaissance Gas Field project in Maly Region, Turkmenistan. Ding Xuexiang emphasized that the fourth phase of the Renaissance Gas Field project carries the earnest expectations of the top leaders of both countries and embodies the common aspirations of the people of both nations. He expressed hope that the relevant departments and enterprises of both sides would meticulously organize and scientifically construct the project, ensuring its solid and orderly progress. Ding Xuexiang stated that China is willing to work with Turkmenistan to take the fourth phase of the Renaissance Gas Field and other major projects as a new starting point to continuously deepen pragmatic cooperation in various fields, promote the development of both countries and regional prosperity and stability, and jointly build a closer China-Turkmenistan community with a shared future. Ding Xuexiang and Gurbanguly Berdimuhamedov jointly visited an oil and gas equipment exhibition, gave instructions via video link to commence drilling operations on-site, and held a groundbreaking ceremony.The Federal Reserve accepted a total of $137 million from four counterparties in its fixed-rate reverse repurchase operations.On April 18, Iranian Foreign Ministry spokesman Baghae stated on the 17th that the US-imposed maritime blockade against Iran is considered a violation of the ceasefire agreement, and Iran will take necessary measures in response. Baghae also emphasized that Iran is the "guardian" of the Strait of Hormuz, and if necessary, Iran will take uncompromising action to earnestly safeguard the interests and rights of its people.The total number of natural gas drilling rigs in the United States for the week ending April 17 was 125, compared with 127 in the previous week.The total number of oil rigs in the United States for the week ending April 17 was 410, compared with 411 in the previous week.

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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