Crypto Holders Not Allowed to Work on American Government Policies
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"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."
Stablecoins And Cryptocurrencies Are Universally Free
According to the announcement, stablecoins and cryptocurrencies are universally free from the de minimis exemption, which permits owners of securities to work on policy linked to such protection if they own an amount below a specific threshold. Every agency of the government must abide by the rule. However, government personnel can work on related policies if they sell their interests. The United States Treasury, the Federal Reserve, and the White House are just a few federal government agencies that must abide by the provision.
Government Personnel Allowed To Hold Mutual Funds
Government personnel is allowed to hold up to $50,000 in mutual funds in businesses operating in the cryptocurrency industry or close by, which is a significant exception to this restriction. In the last 18 months, regulation of the cryptocurrency market has increased in the United States. Several changes have occurred in the past six months as the government works to safeguard investment and deter crime. As a result of the recent TerraUSD (UST) fall, stablecoins are a top target for regulation.
