According to the U.S. Office of Government Ethics (OGE), federal employees who own cryptocurrencies or invest in the sector should recuse themselves from related issues.
- Crypto assets are not considered publicly traded securities, which would generally be exempt from OGE regulation, according to the July 5 Memo.
- Cryptocurrency and stablecoin development companies can offer publicly traded stock to their employees.
- Those who own mutual funds directly involved in crypto and related sectors over the US $50,000 exemption limit must recuse themselves.
- Funds that invest broadly in companies that would benefit from or use blockchain technology are considered diversified funds by the OGE.
- The OGE memo stated that employees can own mutual funds that invest in the stocks of crypto-related computer hardware companies.