In the US, officials will report the presence of non-fungible tokens on their own NFT wallets

The U.S. Office of Government Ethics (OGE) has developed new guidelines for U.S. officials — from now on, civil servants must disclose information about their investments in NFTs.

According to the document, government officials are obliged to submit information on NFT ownership in their income tax returns if the value of non-fungible tokens is more than $ 1,000 or NFTs generate more than $ 200 in income per month. The U.S. Office of Government Ethics considers NFTs to be valuable assets, and therefore obliges officials to report them to the public.

In early June, the lower house of the US Congress submitted a bill that proposes to oblige congressmen to disclose information about investments in cryptocurrencies. Thus, members of Congress must disclose the dates and amounts of investments in cryptocurrencies worth more than $ 1,000.