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July 20th - Morgan Stanley strategists stated in a report that the UK political risk premium has declined as Andy Burnham is set to become the new British Prime Minister on Monday. The strategists noted that geopolitical concerns continue to weigh on UK government bonds, but these concerns are easing. They expect UK bond yields to fall if tensions in the Middle East ease.Iranian President Pezechzian: Throughout my term, I have never had partisan or factional bias, and no one has been able to claim that anyone was hired or dismissed solely because of political leanings, party affiliation, or even nepotism.On July 20th, HSBC economists stated in a report that global trade growth could slow if AI-related demand weakens. They pointed out that global trade remains closely tied to the AI cycle, with related goods driving 80% of global export growth in nominal value. These goods account for approximately 80% of Taiwans total exports and 27% of the USs total imports. They noted that exports excluding technology products have been weaker, with export growth in other categories essentially stagnant since 2024. Furthermore, AI is also supporting growth in services trade. However, they believe that based on capital expenditure forecasts from major global hyperscale cloud service providers, even if AI investment growth slows next year, this AI boom is likely to continue for some time.British Prime Minister Keir Starmer formally resigned during a meeting with King Charles.British Prime Minister Keir Starmer went to Buckingham Palace to formally resign as Prime Minister of the United Kingdom.

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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