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The Canadian Public Service Employees Union announced that WestJet flight attendants had issued a 72-hour strike notice. WestJet subsequently issued a 72-hour work stoppage notice.August 2nd - According to an Israeli official, as of August 1st local time, Israel assesses that US President Trump is closer than ever to approving a major military attack on Iran, although the specific plans have not yet been finalized. According to details of the contingency plan disclosed by the official, the US is considering precise and limited strikes against specific Iranian energy facilities. The assessment indicates that the US currently prefers to exclude Israel from the initial phase of the attack. However, Israel believes that a major US attack on Iran could directly trigger Iranian military retaliation, potentially forcing Israel into the conflict and into the fighting. Currently, the Israeli defense apparatus is maintaining a high level of vigilance.Trump posted on Truth Social: Oil exports are surging because of President Trump!August 2nd - On August 1st local time, the European Union announced that it will hold an emergency meeting of EU interior ministers via video conference on August 4th to discuss the migrant crisis in the Spanish enclave of Ceuta and the EUs response. This meeting was proposed by Spain. Spanish Prime Minister Sánchez had previously written to Ireland (the rotating president of the Council of the European Union), European Commission President Ursula von der Leyen, and European Council President Diego Costa, urging the EU to coordinate its response to the current migrant crisis.Former US Vice President Harris: (Regarding the war with Iran) This war is a conflict that the current president, Trump, chose to get involved in. He went to war with Israel, and for the United States, there was no clear national security issue.

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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