Fed senior officials will soon not be allowed to trade crypto, stocks and bonds

that Fed senior officials, which include Reserve Bank first vice presidents and research directors, FOMC staff officers, the System Open Market Account manager and deputy manager, Board division directors who regularly attend Committee meetings, individuals designated by the Fed chair, and their spouses and children under 18 are:

“Prohibited from purchasing individual stocks or sector funds; holding investments in individual bonds, agency securities, cryptocurrencies, commodities, or foreign currencies; entering into derivatives contracts; and engaging in short sales or purchasing securities on margin.” Under the rules, starting on July 1, the purchasing and selling of securities will be permitted with 45 days’ notice, prior approval and agreement to hold the investment for at least one year. In addition, officials are also prohibited from purchasing and selling during"periods of heightened financial market stress.” Reserve Bank presidents will have 30 days to, which will be available to the public “promptly” on their respective Fed websites.

“The Federal Reserve expects that additional staff will become subject to all or parts of these rules after the completion of further review and analysis,” said the announcement.

So starting May 1st. All FED will starting hating on crypto and trying to shut it down! If I had to guess.

BCBacker seems relevant

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Don’t forget UQC! You don’t want to miss out on this.

Two... weeks... later... FED resignations surge. Fed struggles to find new employees 😂😂 😂

Fud

Wow. They're really trying their best to get us to believe that their decisions influence the $ price of bitcoin. To me that's BS. How many people do you know that hold their own keys who would sell their freedom money for trash fiat? More and more people are waking up HODLing.

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And yet the congressional “insiders” are allowed to get trading tips from their lobbyists? déplacé 🤦🏻‍♂️

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That’s what spouses are for, right?

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YaSerge8

Yeah right. Nobody using a brain believes this crap. Every one of those people is insider trading, the biggest reason for systemic collapse, corruption

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Source: Reuters - 🏆 2. / 97 Read more »