U.S. government employees with digital assets should be barred from working on cryptocurrency policies, according to legal advice from the U.S. Ethics Office.
US Government Ethics Officeof 5th of July According to its dated legal advice, cryptocurrencies and stablecoins US government employees with digital assetscan increase the value of their assets should be barred from working on digital asset policies.
Director of the State Ethics Office Emory A. Rounds According to the text of the legal advice written by cryptocurrencies and stablecoins, your office “public securities” definition of does not meet.
If an employee with digital assets knows that a particular policy may have a direct and predictable impact on the value of digital assets, they should refrain from expressing an opinion on that policy.
However, Rounds regulation does not allow cryptocurrencies or stablecoins. shall not cover the shares of ‘public’ companies that develop or issue only in private companies that this recommendation stated that it would be included.
Government Ethics Office, government employees working on digital asset policies may have set the limit of digital assets as a maximum of $ 50,000. Office non-public digital assets exemplified as follows: Mutual funds that invest in cryptocurrencies, stablecoins, cryptocurrency and stablecoin derivatives, or just cryptocurrency or stablecoins.
Office, government agencies while inspecting the assets of its employees investing in cryptocurrencies and stablecoins warned them to take a close look at the funds:
Generally, you only need to look at the name of a fund to understand whether it is a mixed fund or a sector fund, but sometimes when the investment strategies of similarly named funds are examined, it will be seen that some follow a mixed fund strategy and some work as a sector fund.