U.S. officials who own cryptocurrency have been disqualified from working on regulation that could have a “direct and predictable effect” on the value of their personal holdings by a government watchdog. cheyenneligon reports
U.S. officials who are personally invested in cryptocurrencies are now disqualified from working on crypto-related policy and regulation that could affect the value of their assets.issued by the U.S.
The directive applies to all White House staff and the employees of all federal agencies, including the Federal Reserve and Treasury Department. The directive will likely have a significant impact on some White House staffers who have been open about their crypto investments, like Tim Wu, a technology adviser to the Biden administration whoin bitcoin. Wu has already voluntarily recused himself from working on crypto policy.
Federal employees who have invested less than $50,000 in a mutual fund with exposure to the crypto sector will still be allowed to work on crypto-related policies.
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