Under new trading rules, the Fed prohibits the agency’s top officials from purchasing individual stocks, bonds, securities, foreign currencies, commodities, sector funds and cryptocurrencies.
Although these rules were first announced in October, cryptos were not included at that time. However, now it has been stated that cryptos are also included.
Regulations will only apply to senior Fed officials at this time. But later it is expected to apply to lower-ranked employees as well.
Especially before the emergency measures taken in the first period of the COVID-19 outbreak in March 2020, some senior Fed officials announced that you were actively trading in a wide variety of securities for a long time.
The new policy will go into effect on May 1, and current authorities will have one year to divest assets during this time.
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