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According to the Associated Press, the Pakistan-led mediators have confirmed that U.S. Vice President Vance and the Iranian parliament speaker will arrive in Islamabad early Wednesday morning local time.3M (MMM.N) reported first-quarter profits that beat expectations, sending its shares up 3.3% in early trading.1. On the Iran deal: The US does not want to extend the ceasefire agreement with Iran. It holds a favorable position in the negotiations and a "major agreement" will eventually be reached. A good agreement with Iran is desired, but there should be no rush; ample time is needed to reach an agreement. 2. On bombing Iran: Attacking infrastructure could militarily damage Iran. If no agreement is reached, I expect Iran to be bombed, and we are prepared. 3. On the blockade measures: The blockade has been a great success; the US has complete control of the Strait of Hormuz. The strait is very important, but ships are looking for alternative routes. 4. On Irans performance: Iran can get back on track through the agreement. Iran must use reason and common sense; Iran can become a legitimate country. 5. On the US stock market rebound: I was surprised by the US stock market rebound during the Iran conflict. I expected the Dow Jones and S&P 500 to fall by 20%, and oil prices to reach $200 a barrel. I am now happy to say that this did not happen. 6. On the Federal Reserve and interest rates: I will be disappointed if the new Federal Reserve Chairman does not cut interest rates quickly. The reasons for the overspending on the Federal Reserve building must be investigated. 7. On tariffs: Criticizing the US Supreme Courts tariff ruling. Switzerland should pay us more, and well raise that amount slightly. It would be great if companies didnt seek tariff refunds. 8. On UAE aid: The US is considering providing financial assistance to the UAE and is exploring a currency swap arrangement. 9. On Anthropic: Anthropic is "developing well" and the US is willing to consider an agreement that would allow the company to resume contractual cooperation with Department of Defense officials.US President Trump has called on Iran to release eight women who are about to be hanged, saying it would be a good start to negotiations.April 21st - As of April 21st, Shanghai has added one new generative AI service to its registered database, bringing the total number of registered generative AI services to 158. The registration information shows that Teslas in-vehicle voice big data model service was registered on April 20th, with Tesla (Shanghai) Co., Ltd. as the registering entity.

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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