I’m sure you all know that US politicians have a knack for insider trading. That’s why it’s so surprising that a few of these very same politicians recently tabled a bill to ban senior public officials from investing and trading certain assets.
Not surprisingly, the bill appears to be particularly harsh to cryptocurrency and gives mainstream assets like ETFs and various types of government debt a pass. Politicians also get what amounts to a slap on the wrist for violating these rules.
The silver lining is that all violations by US politicians will be made public assuming the bill passes. It doesn’t look like this will happen anytime soon, but it still begs so many questions about the motivations behind the bill.
Hope you enjoy!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Pandemic Insider Trading By US Politicians: https://en.wikipedia.org/wiki/2020_co…
► US Politicians Net Worth: https://en.wikipedia.org/wiki/List_of…
► Bill Banning Investing And Trading: https://cha.house.gov/sites/democrats…
► US Politician Stock Trades: https://www.capitoltrades.com/politic…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.