The United States Office of Government Ethics just recently issued an official memorandum barring owners of crypto assets who happen to be working under any US financial regulatory agencies or the government in general from participating in regulatory matters that pertain to assets in their portfolio.
The memo which was addressed to “Designated Agency Ethics Officials” came from Emory Arthur Rounds III, director of the U.S. Office of Government Ethics. The memo was generally aimed at clarifying the position of the agency on crypto assets with regard to the regulatory exemptions provided for holders of publicly traded securities and mutual funds.
Originally, the exemption policy notes, “employees may participate in any particular matter in which they would have a disqualifying financial interest arising from ownership of ‘publicly traded securities’ that are below relevant de minimis thresholds.”
While this policy should grant crypto owners the right to participate in regulatory...
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