The U.S. Office of State Ethics (OGE) has banned officials who have privately owned digital assets from participating in the development of the federal regulatory framework for the industry.

“[…] An employee with any amount of cryptocurrencies or stablecoins cannot participate in a particular topic [касательно регулирования]“if it knows it can have a direct and predictable impact on the value of its cryptocurrency or stablecoin.”

OGE gave the example that an official who invests $100 in a stablecoin cannot agree to participate in the development of the rules. Restrictions will be lifted when he “gives up his stake in stablecoin”.

The rule also applies if the cryptocurrency or stable currency in question will “represent” at any time. [ценную бумагу] in the context of federal or state law.”

The decision applies to all employees of the federal government, including the White House, the Federal Reserve System (FRS), and the Department of the Treasury.

Management also made a single exception. According to the document, politicians are allowed to hold up to $50,000 in mutual funds investing in companies focused on digital assets and blockchain.

Recall that in February, the Fed banned top officials from trading in cryptocurrencies, commodities, foreign and industry index funds.

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