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Ethics Watchdog Bars US Government Employees From Writing Crypto Policy if Invested

A legal advisory notice issued by the U.S. Office of Government Ethics (OGE) on Tuesday declared that the de minimus exemption – which, when applied to a security, would allow the owner of an amount below a certain threshold to work on policy related to that security – doesn’t apply to any cryptocurrency or stablecoin, even if the cryptocurrencies in question “constitute securities for purposes of the Federal or state securities laws.”