Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-17-25
Good Morning Dinar Recaps,
Ripple v. SEC Stalls Again as Appeal Put on Hold — Here’s What’s Holding It Up
The U.S. Securities and Exchange Commission (SEC) has requested to extend the pause in its high-profile legal battle with Ripple Labs, with the next court update scheduled for August 15.
In a joint filing submitted on June 16, both parties asked the Second Circuit Court of Appeals to maintain the current hold, citing an unresolved district court issue—despite reaching a formal settlement agreement last month.
What Began as a Billion-Dollar Dispute Edges Toward Resolution
▪️ This case, launched in 2020, centers around the SEC’s accusation that Ripple illegally raised $1.3 billion through unregistered XRP sales.
▪️ A partial ruling in 2023 provided clarity: XRP sales to retail investors were not securities, but institutional sales were found to have violated securities laws.
▪️ In May 2024, the two sides reached a settlement in principle, finalized in writing on May 8. Under the agreement:
Ripple will pay $50 million to the SEC.
The remaining $75 million from a previous penalty will be returned to Ripple.
The injunction blocking certain Ripple activities would be dissolved.
Settlement Hits a Wall in District Court
▪️ The agreement cannot move forward without district court approval to revise its earlier judgment.
▪️ Both parties submitted a motion requesting an indicative ruling—a legal signal from the court that it would consider modifying the judgment.
▪️ On May 15, the court denied this motion, citing a failure to meet the standard of “exceptional circumstances.”
▪️ In response, the SEC and Ripple filed a renewed motion on June 12, hoping to meet the court’s threshold. No ruling has been issued yet.
Appeals Paused, Legal Uncertainty Grows
▪️ As the legal process stalls, the SEC has asked the appeals court to continue the pause, promising an update by August 15.
▪️ The delay prolongs regulatory uncertainty as crypto firms, investors, and policymakers await further clarity on the application of U.S. securities law to digital assets.
▪️ With billions in crypto markets still in a legal grey area, this case remains a bellwether for how token sales and crypto company operations may be judged going forward.
A Waiting Game With Major Implications
While a path to resolution appears to be forming, the final outcome hinges on court approval of the settlement terms. For now, both the appeals and the Ripple-SEC agreement remain in limbo—with industry-wide consequences hanging in the balance.
@ Newshounds News™
Source: CryptoNews
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Cardano Founder Confirms Full XRP Package in the Works Around Glacier Airdrop, XRP DeFi, and RLUSD
Charles Hoskinson has confirmed that a comprehensive XRP ecosystem integration is underway within the Cardano network, including support for the Glacier Airdrop, XRP-powered DeFi, and possible RLUSD stablecoin adoption.
The announcement signals a major shift toward cross-chain collaboration and potentially heals long-standing tensions between the Cardano and XRP communities.
Glacier Airdrop and XRP Wallet Support on Lace
▪️ A core piece of this initiative is the Glacier Airdrop, now expected in Q4 2025, which will distribute Midnight tokens—used for Cardano’s privacy-focused sidechain—to retail users across multiple chains, including XRP holders.
▪️ Hoskinson emphasized this effort is built around “cooperative economics,” prioritizing community participation over VC allocations.
▪️ The airdrop will reportedly reach over 37 million wallets, marking one of the largest cross-chain community rewards attempted in the blockchain space.
▪️ Additionally, Cardano’s Lace wallet is preparing to add native XRP support, following its successful Bitcoin integration in Lace v1.22 this past April.
“This is part of our effort to turn Lace into a true multi-chain asset manager, bridging Cardano to wider ecosystems,” Hoskinson said.
XRP DeFi Integration in Cardano’s Ecosystem
▪️ The Cardano team is actively developing infrastructure to bring XRP into its DeFi environment, focusing on:
Cross-chain liquidity pools
Decentralized exchanges (DEXs)
Leveraging XRP’s speed and cost-efficiency
▪️ While still early-stage, Hoskinson suggested that Midnight, Cardano’s zero-knowledge sidechain, may play a key role as a DeFi layer for XRP, potentially offering enhanced yield opportunities.
Talks Underway for RLUSD on Cardano
▪️ In what could be a milestone for stablecoin interoperability, Ripple’s RLUSD may soon expand beyond the XRP Ledger, with discussions underway about integrating it into the Cardano network.
▪️ Hoskinson confirmed these conversations are in their early stages but said both parties “see real value” in bringing RLUSD to Cardano’s ecosystem.
The move would expand RLUSD’s user base
It would also boost liquidity and stability within Cardano DeFi platforms
Toward a Real XRP–Cardano Partnership
Hoskinson’s comments mark the most direct effort yet to bridge the XRP and Cardano ecosystems, historically viewed as separate and even adversarial within crypto discourse.
▪️ The proposed “XRP package” includes:
Glacier Airdrop eligibility for XRP holders
Lace wallet XRP support
DeFi connectivity via Midnight
Potential RLUSD cross-chain deployment
Though still in development, this initiative could bring two of crypto’s largest communities closer than ever—and lay the foundation for shared infrastructure, liquidity, and growth.
@ Newshounds News™
Source: The Crypto Basic
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What Happens if BRICS Currency Prevails — and Why Is India Worried?
The proposed BRICS currency—championed by China and Russia—is gaining momentum as the alliance prepares for its possible launch. A mock-up bill displayed by President Putin at the last BRICS summit confirmed that plans for a new tender to rival the U.S. dollar are active and advancing.
But as excitement builds, one member is signaling sharp resistance: India. New Delhi has expressed open concerns about the impact such a currency could have on its economy—and its place in the global financial system.
India Breaks Ranks Over De-Dollarization
▪️ India is the only BRICS member to publicly oppose the de-dollarization agenda promoted by China and Russia.
▪️ This comes after former U.S. President Donald Trump warned of potential economic consequences for nations drifting away from the U.S. dollar.
▪️ While Brazil remains cautious, India has made it clear that it favors maintaining ties with Western financial institutions, rather than embracing a BRICS-led currency model.
China’s Leverage and the Belt and Road Factor
▪️ China's Belt and Road Initiative (BRI) plays a pivotal role in its influence over smaller BRICS and Global South nations.
With billions invested in ports, railways, and infrastructure, Beijing already holds significant financial sway.
A successful BRICS currency would only solidify China’s economic dominance across Southeast Asia and Africa.
▪️ India is particularly concerned that such a shift would give China further power to shape trade policies across the region, leaving India at a strategic disadvantage.
Rupee Vulnerability and Asymmetrical Trade
▪️ If the BRICS currency succeeds, the Indian rupee could face increased instability, especially if regional trade begins to shift away from dollar benchmarks.
▪️ India-China trade has long been imbalanced, and ongoing border disputes have only heightened mistrust.
Indian policymakers fear that China could weaponize a BRICS currency to tip economic dynamics further in its favor.
“India recognizes the BRICS currency as a potential vehicle for Chinese dominance—not just economically, but geopolitically,” analysts note.
Modi’s Balancing Act: Contain China, Preserve Western Ties
▪️ Under Prime Minister Narendra Modi, India is pursuing a strategy to limit China’s financial rise while preserving its role within the BRICS framework.
▪️ India views continued alignment with Western financial systems as a buffer against Chinese overreach.
▪️ The government’s stance reflects a broader objective: to maintain balance in Southeast Asia and ensure that no single power—especially China—dictates the region’s financial architecture.
What’s at Stake
▪️ A successful BRICS currency could reshape global finance, potentially undermining the dollar’s dominance.
▪️ But for India, the cost could be economic instability and geopolitical disadvantage.
A BRICS tender led by China threatens to shift the region’s center of gravity, with India forced into a reactive, rather than proactive, role.
For now, India is pushing back, hoping to reshape the conversation before a BRICS currency becomes reality.
@ Newshounds News™
Source: Watcher.Guru
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