-3.44% Bitcoin (BTC) 92749.5 EUR
-3.13% Ethereum (ETH) 3719.31 EUR
-3.12% Litecoin (LTC) 93.99 EUR
-5.14% B-Cash (BCH) 457.49 EUR
+0.32% Ethereum (ETH) 0.0404808 BTC
+0.29% Litecoin (LTC) 0.00102414 BTC
-1.67% B-Cash (BCH) 0.00493587 BTC
-3.52% Bitcoin (BTC) 109368.5368 USDC
-0.02% USD Coin (USDC) 0.85 EUR
-5.58% Chainlink (LINK) 20.15 EUR
-2.16% Chainlink (LINK) 0.00021743 BTC
-4.25% Dogecoin (DOGE) 0.18 EUR
-0.50% Dogecoin (DOGE) 0.00000199 BTC
-4.06% Uniswap (UNI) 8.3 EUR
-0.45% Uniswap (UNI) 0.00008958 BTC
-3.30% Cardano (ADA) 0.71 EUR
+0.12% Cardano (ADA) 0.00000771 BTC
-1.90% Tron (TRX) 0.29 EUR
+1.61% Tron (TRX) 0.00000315 BTC
-3.83% Shiba Inu (SHIB) 0.00001052 EUR
-5.31% Zcash (ZEC) 34.67 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
-5.73% Arbitrum (ARB) 0.488 USDC
-5.56% Chainlink (LINK) 23.3 USD
-5.57% Chainlink (LINK) 23.30434 USDC
-4.11% Uniswap (UNI) 9.594 USDC
-3.60% Ondo (ONDO) 0.77 EUR
-3.31% Ondo (ONDO) 0.90781 USDC
-6.72% Gala (GALA) 0.01 EUR
-6.47% Gala (GALA) 0.01603 USDC
+1.87% Wormhole Token (W) 0.07 EUR
+2.60% Wormhole Token (W) 0.0828 USDC
-4.18% Chiliz (CHZ) 0.03 EUR
-4.20% Chiliz (CHZ) 0.039 USDC
-3.90% Sand (SAND) 0.23 EUR
-3.86% Sand (SAND) 0.2733 USDC
+0.43% Aave (AAVE) 272.08 EUR
+0.32% Aave (AAVE) 317.29 USDC
-4.86% Curve DAO (CRV) 0.65 EUR
-4.83% Curve DAO (CRV) 0.7643 USDC
-8.42% Immutable X (IMX) 0.43 EUR
-8.40% Immutable X (IMX) 0.513 USDC
0.00% Skale (SKL) 0.07 USDC
-4.65% Beam (BEAM) 0 EUR
-4.64% Beam (BEAM) 0.00718 USDC
0.00% Axelar (AXL) 1.05 USDC
-14.09% Livepeer Token (LPT) 5.84 EUR
-14.02% Livepeer Token (LPT) 6.83 USDC
-3.57% Compound (COMP) 36.69 EUR
-3.55% Compound (COMP) 42.84 USDC
-4.18% Coti (COTI) 0.04 EUR
-3.78% Coti (COTI) 0.0508 USDC
0.00% Portal (PORTAL) 1.1 USDC
-5.67% Sushi (SUSHI) 0.64 EUR
-4.01% Sushi (SUSHI) 0.7488 USDC
-1.64% Pepe (PEPE) 0 EUR
-1.70% Pepe (PEPE) 0.00000979 USDC
-2.30% Optimism (OP) 0.59 EUR
0.00% Polygon (MATIC) 0.2 EUR
-1.35% Solana (SOL) 175.26 EUR
+2.15% Solana (SOL) 0.0018897 BTC
+1.03% Solana (SOL) 0.047108 ETH
+0.17% USD Coin (USDC) 0.74 GBP
0.00% USD Coin (USDC) 1 USDT
0.00% USD Coin (USDC) 145.58 JPY

Crypto owners banned from working on US Government crypto policies

07-07-2022

US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets.

 

A new advisory notice released by the US Office of Government Ethics (OGE) on Tuesday stated that the de minimis exemption — which allows for the owners of securities who hold an amount below a certain threshold to work on policy related to that security — is universally inapplicable when it comes to cryptocurrencies and stablecoins.

 

“As a result, an employee who holds any amount of a cryptocurrency or stablecoin may not participate in a particular matter if the employee knows that particular matter could have a direct and predictable effect on the value of their cryptocurrency or stablecoins.”

The notice provided an example scenario whereby an employee who owns a mere $100 of a certain stablecoin, is asked to work on stablecoin regulation — the employee in question cannot participate in work concerning regulation “until and unless they divest their interests in [that] stablecoin.”

 

The notice specified that this ruling still applies even if the cryptocurrency or stablecoin in question were to ever “constitute [a security] for purposes of the federal or state securities laws.”

 

The new ruling applies universally to all federal government employees including The White House, The Federal Reserve and The Department of the Treasury.The term “de minimis” comes from a longer Latin phrase, meaning: “the law does not concern itself with trifles.”

 

The only exemption from the OGE’s crackdown on crypto ownership is that policy makers are allowed to hold up to $50,000 in mutual funds that invest broadly in companies that would benefit from crypto and blockchain technology. The reasoning for this exemption is because they “are considered diversified funds.”

 

Despite the seemingly harsh rules concerning employee investment in the crypto sector, the United States continues to move forward in integrating the cryptocurrency industry, with the US president Joe Biden announcing a “whole-of-government” approach to regulation concerning the digital asset sector.

 

Source: Cointelegraph