Crypto owners banned from working on US Government crypto policies
— Mutual funds, Treasury, Work concerning regulation “, Notice, Federal, Universally inapplicable, Considered diversified funds .” despite, Digital assets, Question cannot participate, Mere — 1 min read
US Office of Government Ethics bans employees who own cryptocurrencies from working on policies that could affect the value of digital assets. The rule applies universally to all federal government employees including The White House, The Federal Reserve and The Department of the Treasury. The only exemption 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. Despite the ruling, the U.S. 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. Recent legislative proposals could make the country the only Western country to fully regulate and accept stablecoins and other digital assets as official parts of the financial system Source