This article discusses an ethics rule, Legal Advisory 22-04, issued by the Office of Government Ethics, which prevents anyone holding cryptocurrencies, tokens, or stablecoins from serving in federal agencies. It argues that this rule poses a challenge for the incoming Trump administration, as agencies like Treasury, SEC, CFTC, and the Federal Reserve require officials with expertise in both traditional finance and digital assets. The article suggests that the Office of Government Ethics should modify its guidance to allow for minimal holdings of digital assets, similar to existing rules for traditional financial instruments. It also proposes that the incoming administration could rescind the advisory via executive order. The article emphasizes the need for officials who understand the opportunities and risks of digital assets and states that maintaining the current ethics rule hampers the US's ability to lead in financial innovation.



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