Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 3-26-25

Good Afternoon Dinar Recaps,

BLACKROCK AND FIDELITY POISED TO ENTER XRP ETF RACE AFTER RIPPLE’S LEGAL WIN

Nate Geraci, a leading ETF analyst, forecasts that BlackRock and Fidelity will soon join the XRP ETF race, with approval expected to happen soon. His optimism stems from the resolution of Ripple’s legal battle with the U.S. SEC.

Ripple’s Win Clears Path for XRP ETF

Stuart Alderoty, Ripple’s top lawyer, revealed that the company successfully reduced its fine from $125 million to just $50 million, down from the SEC’s initial $2 billion demand. Additionally, the injunction against Ripple is expected to be lifted at the SEC’s request.

After four grueling years, experts say the way is now clear for an XRP exchange-traded fund (ETF) in the U.S. In a latest X post, Geraci noted “Seems obvious spot XRP ETF approval simply matter of time IMO. And yes, I expect BlackRock, Fidelity, etc to all be involved.”

He also highlighted that XRP is currently the third-largest non-stablecoin cryptocurrency by market cap, making it a significant player in the market. And given its size and growing interest, the largest ETF issuers, such as BlackRock and Fidelity, are unlikely to overlook the potential of launching an XRP ETF.

While the SEC has been cautious about approving altcoin ETFs, Geraci believes the agency will eventually approve them. He also highlighted the ongoing debate about whether broad crypto index ETFs or single-asset ETFs will lead the market. Despite expecting the SEC to set limits on approvals, Geraci remains optimistic about the growth of these financial products.

BlackRock To Partner With Ripple?

In a recent Bloomberg interview, Ripple CEO Brad Garlinghouse was asked about collaborating with BlackRock to launch an XRP ETF in the U.S. While Garlinghouse didn’t confirm the partnership, he sparked speculation by stating, “We think it makes sense for the XRP community overall”.

Many believe that once Ripple’s regulatory issues are resolved, asset managers will quickly move to launch an XRP ETF later in the year. Further Ripple CEO is also confident that XRP will join the U.S. Digital Asset stockpile.

Increasing Odds of XRP ETF Approval

Meanwhile, Polymarket, a decentralized prediction platform, shows an 84% chance of XRP ETF approval in 2025. With industry experts closely monitoring XRP’s price, many anticipate a potential breakout to $3 soon, signaling a promising future for the token.

@ Newshounds News™
Source:  Coinpedia

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BRICS & US RACE FOR DIGITAL FINANCE SUPREMACY: WHO’S WINNING?

The last year has seen the emergence of the cryptocurrency market as a viable financial sector. Indeed, its arrival has spurred a host of nations to adopt the asset class in a bid to not get left behind. Moreover, it has only increased the conflict between the BRICS and the US as they race for digital finance supremacy. But the question is, who is winning?

US President Donald Trump has already stated his desire for the United States to be the crypto capital of the world. However, the BRICS alliance has already sought out the implementation of blockchain-based applications to help them curtail overreliance on Western systems. Amid a brewing trade war, these two sides are set to face off further in a budding crypto race.

BRICS and US Embrace Digital Finance: But Which Side is Coming Out Ahead?

Since the start of the year, the West and Global South have seen tensions escalate. With Donald Trump returning to the White House, he has targeted that region. Specifically, he has warned of impending 150% tariffs for those who are engaged in de-dollarization efforts.

Yet, the US dollar is not the only battlefield on which these two sides are fighting. Both BRICS and the US are engaged in an ongoing conflict for digital finance supremacy. However, the biggest question now is, just who is winning?

The BRIC bloc has long sought to embrace the blockchain revolution. It had created its very own blockchain-based payment system to counter the Western Swift. Moreover, they have introduced a gold-backed stablecoin that could revolutionize how it transacts with digital assets.

However, the United States is not far behind BRICS. The country has sought to overhaul its crypto policy since Trump returned to the Oval Office. This comes with the president’s plea to pass stablecoin legislation. These efforts all align with the belief that the nation could soon head the entire industry in the coming years.

Which Side Is Winning in 2025?

So, just who is winning at this moment? The question doesn’t have a clear-cut answer but can be explained nonetheless. BRICS is further in development at this stage; China is embracing the digital yuan, and India, Russia, and Brazil all have major digital currency initiatives in place.

However, the United States may have more potential due to the overarching business interest that the asset class has garnered in the nation.

Moreover, the arrival of the UAE’s new $1.4 trillion investment framework into the Western giant will only fasttract its digital finance development. Regardless of where they stand now, the coming months will be massive in determining if BRICS or the US is edging ahead.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Iraq Economic News and Points to Ponder Wednesday AM 3-26-25

The Central Bank Concludes Its Cycle On Dormant Accounts And Their Electronic System.
 
March 25, 2025   With the aim of developing the skills of banking personnel across all Iraqi governorates,
the Banking Studies Center, a division of the Central Bank of Iraq, concluded its course on dormant accounts and their electronic system.
 
The course targeted 54 trainees from various departments working in the financial, accounting, and internal auditing departments.

The training program included learning the
     concept of dormant accounts and
     how to identify them in the banking system,  
     acquiring the necessary skills to

     manage dormant accounts through electronic systems, and familiarizing them with

     electronic systems for monitoring and closing dormant accounts,

     ensuring compliance with standards and laws.
      
    Central Bank of Iraq      Media Office      March 25, 2025  https://cbi.iq/news/view/2834

Gold Rises As Safe-Haven Demand Increases Amid Tariff Concerns

Tuesday, March 25, 2025 | Economic Number of reads: 215  Baghdad / NINA / Gold rose on Tuesday, with increased demand for safe havens amid uncertainty surrounding tariffs that US President Donald Trump is expected to reimpose next week, amid fears of an economic slowdown, trade tensions, and concerns about inflation.

The price of gold in spot transactions rose 0.1 percent to $3,015.42 per ounce. US gold futures also rose 0.1 percent to $3,019.40.

As for other precious metals, silver in spot transactions rose 0.3 percent to $33.1 per ounce, platinum fell 0.1 percent to $973.35, and palladium increased 0.3 percent to $953.78. / End

https://ninanews.com/Website/News/Details?key=1193944

Basra Crude Prices Decline Despite Stable Oil Prices In Global Markets

Tuesday, March 25, 2025 | Economic Number of readings: 115  Baghdad / NINA / Basra Heavy and Basra Medium crude prices fell on Tuesday, with oil prices stabilizing in global markets.

Basra Heavy crude prices fell 17 cents, or 0.24%, to reach $69.87, while Medium crude prices fell 17 cents, or 0.23%, to reach $72.92.

Global oil prices stabilized as investors feared that Trump's tariffs would slow the global economy and limit demand for oil. Brent crude recorded $73.04, up one cent, and US crude recorded $69.13, up 4 cents. / End

https://ninanews.com/Website/News/Details?key=1193966

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Wednesday Morning 3-26-25

Good Morning Dinar Recaps,

BIG WIN FOR CRYPTO: OPERATION CHOKEPOINT 2.0 POLICIES ROLLED BACK

David Sacks, the White House crypto czar, celebrated a big victory today. He announced that the Federal Deposit Insurance Corporation (FDIC) is following the U.S. Office of the Comptroller of the Currency (OCC) in removing “reputational risk” as a factor in bank supervision.

This change effectively rolls back the controversial Operation Chokepoint 2.0 policies, which had led to the unfair debanking of crypto companies.

Sacks said that this is a big step forward for crypto. Operation Chokepoint 2.0, which was supported by figures like Senator Elizabeth Warren, used vague criteria like “reputational risk” to target crypto businesses.

This meant that institutions could be punished for negative publicity, whether true or not. The new policy change will make banking criteria more objective and fair, preventing political influence from hurting the crypto sector.

Sacks also credited Senator Tim Scott for his leadership in pushing these changes, especially through the Financial Institution Reform and Modernization (FIRM) Act. This move is expected to create a better environment for crypto businesses and could lead to higher prices for digital assets in the future.

Fox Business’ Eleanor Terrett added more context, explaining why “regulation by enforcement” doesn’t work. She explained that Ripple has spent between $150 million and $200 million in legal fees over the years, only to end up in the same position it was in when the SEC first filed the lawsuit in 2020. The SEC likely spent taxpayer dollars as well.

XRP holders were also negatively impacted, as exchanges removed the token, causing its value to drop. Many other crypto projects also became hesitant to build in the U.S. for fear of being targeted by the SEC. Terrett criticized SEC Chair Gary Gensler for focusing resources on crypto firms while missing major issues like FTX, 3AC, and Celsius, which caused real harm to investors.

@ Newshounds News™
Source:  Coinpedia

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SEC SCHEDULES FOUR NEW ROUNDTABLES FOR CRYPTO TASK FORCE

The SEC is aiming to discuss and solve regulatory issues around crypto trading, custody, tokenization, and decentralized finance.

The SEC's Crypto Task Force announced Tuesday it will host four more roundtables on crypto and digital asset regulation.

The roundtables would run from April to June, building on the agency's efforts to create clearer rules for the industry.

Crypto roundtables are a way for the SEC to "hear a lively discussion among experts" in order to understand current regulatory issues and what the Commission can do to “solve them," Commissioner Hester Peirce, who leads the task force, said in a statement.

Sessions for the roundtables are slated to discuss trading (April 11), custody considerations (April 25), asset tokenization (May 12), and decentralized finance (June 6). The roundtables will take place at the SEC headquarters with both in-person and virtual attendance options.

Just a day after his appointment, acting SEC Chairman Mark Uyeda announced the establishment of the Crypto Task Force on January 21 to develop clear regulatory frameworks and registration paths for crypto companies.

By March, the SEC had assembled key figures and industry experts to help bolster these efforts.

The SEC's plan to host four more crypto roundtables follows on from the task force's first one held last Friday, which examined how securities laws might apply to digital assets.

"Spring signifies new beginnings, and we have a new beginning here, a restart of the commission's approach to crypto regulation," Commissioner Peirce said during that session.

Backstage at the first roundtable, Commissioner Peirce told Decrypt that the agency is also exploring how it could "provide some kind of framework or some kind of markers" to craft rules for NFTs as an asset category.

That followed its pronouncement on Thursday last week that crypto mining does not violate securities laws.

The move aligns with broader crypto policy changes under President Donald Trump, who has been supportive of the industry both during his campaign trail to become the first "crypto president" and right after his electoral win.

Since he began his second term as POTUS, Trump has signed an executive order establishing a strategic crypto reserve, moved to acquire as much Bitcoin as possible, and helped push a stablecoin bill forward, among other key initiatives he’s done so far for the crypto industry.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

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Nothing Combats Climate Change Like a Four-Lane Highway Through the Amazon

Nothing Combats Climate Change Like a Four-Lane Highway Through the Amazon

Notes From the Field By James Hickman (Simon Black)   March 21, 2025

About eight months from now in November 2025, over 50,000 world leaders, bureaucrats, activists, celebrities, and VIPs will descend upon the Brazilian city of Belém for the United Nation’s annual climate change lollapalooza, otherwise known as COP30.

These esteemed experts will gather to lecture the world on how desperately the rest of us peasants need to cut carbon emissions. They’ll make “bold commitments” to end fossil fuels and pledge to save the Amazon rainforest.

But first they’ll fly in on their private jets, then convoy down to the conference site in luxury gas-guzzling SUVs.

Naturally, our moral overlords can’t be expected to sit in traffic like a filthy commoner. Their time is clearly too valuable.

So fortunately the Brazilian government is bulldozing thousands of acres of the aforementioned Amazon rainforest to build a special four-lane highway... so that visiting climate dignitaries can be whisked from their private jets to their luxury hotel suites in a matter of minutes.

Seriously. You can’t make this stuff up.

It’s called Avenida Liberdade—“Liberty Avenue”—a freshly paved road slicing right through a protected stretch of Amazon jungle, all so VIPs don’t get stuck in traffic on their way to dine on truffled wagyu beef— while telling everyone else to eat bugs and weeds to combat climate change.

But this really shouldn’t be surprising— such hypocrisy is extremely ‘on brand’ for the UN’s signature climate conference.

At COP27 in Egypt, over 400 private jets descended on Sharm El Sheikh, belching emissions into the atmosphere so climate VIPs could discuss… how to cut emissions. The gourmet menus featured $100 Angus beef medallions served to attendees who blamed cow flatulence for global warming.

In fact, the UN’s “State of Climate Action 2022”, which was released days before COP27, listed meat consumption as one of the key initiatives that political leaders need to tackle.

But at least it showed where the UN stands on human rights abuses at the hands of brutal authoritarian regimes like that of Egyptian President Abdel Fattah el-Sisi: murderous dictatorships are okay, as long as they bow to the climate agenda.

The next year, the theme of COP28 (the 28th year of holding the conference) was: “No more waiting. It’s time to take action.”

The bold action they took was to convene panels dedicated to gender identity and feminism—because naturally, pronouns are the key to stabilizing the planet’s temperature.

30 years of private jets, meat consumption, and felling rainforests has accomplished nothing other than providing luxury parties for elitists to discuss how regular people should suffer in the name of combating climate change.

The most ridiculous part is that the perfect solution already exists: nuclear energy.

But they completely ignore it. They’re more willing to pave through the rainforest so they can discuss pronouns, rather than acknowledge nuclear energy as the obvious answer.

Fortunately, no one actually listens to these hypocrites. And anyone in the know is already getting behind nuclear.

Tech giants like Meta, Google, Amazon, and Microsoft have all inked deals to secure their own nuclear power sources, many through extremely safe small modular reactors.

These evil capitalists will end up doing more to combat climate change than three decades of bureaucrats.

Funny thing, combating climate change isn’t even really the tech companies’ primary goal; the bigger issue is that the US power grid is already stretched to the max. And they know that power consumption will grow dramatically in the coming years because of AI, robotics, and more.

These companies are looking to safeguard their own power supplies. So they took matters into their own hands. They know nuclear is safe, cheap, and absurdly efficient. A single rock of uranium can power a small city for a day.

So they cut their own deals and made their own investments. But they’re not alone.

The state of South Carolina is getting back into nuclear power. And, even at the federal level, there is significant support emerging for nuclear power. In fact the new US Energy Secretary was formerly a board member at a small-scale nuclear start-up.

Unfortunately the US is currently lagging behind other countries in its nuclear ambitions; China, India, and many other countries are building nuclear reactors at a furious pace.

This also means that demand for uranium— the key fuel for nuclear power— is set to soar as these new nuclear plants come online around the world.

At the moment, however, there simply isn’t enough uranium being produced to match demand. Not even close. And that supply/demand imbalance almost certainly means a dramatically higher future price for uranium.

This is a classic real asset opportunity: the most promising energy asset on earth is facing skyrocketing demand and dwindling supply. Yet at the moment it is still cheap.

It’s only a matter of time before that changes drastically.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/nothing-combats-climate-change-like-a-four-lane-highway-through-the-amazon-152344/

This High-Risk Gamble Is Putting The Future Of The US Economy At Stake

This High-Risk Gamble Is Putting The Future Of The US Economy At Stake

Notes From the Field BY James Hickman (Simon Black)  March 24, 2025

Russian-born Lydia Lopokova was not happy with her accommodations at the posh Mount Washington Hotel.  The world-famous former ballerina complained that, in room 219, “the taps run all day, the windows do not close or open, the pipes mend and unmend.” Not to mention the hotel pool was absolutely frigid, even for someone who had grown up in frosty Saint Petersburg.

Lopokova coped by practicing her ballet moves late in the evening-- the only time when the crisp New Hampshire mountain air made it tolerable enough to exercise.

But perhaps she was just being petty; US Treasury Secretary Henry Morgenthau was staying right below her in room 119… and Lopokova’s constant grande jetes and pirouettes reportedly kept him awake all night.

It was early July 1944. And delegates from all over the world had descended upon the picturesque town of Bretton Woods, New Hampshire for the most important monetary conference in history.

(The Mount Washington Hotel was specifically chosen because it was the largest structure in all of New Hampshire… and the only facility capable of accommodating such a large group.)

The event was truly international; the New Yorker magazine celebrated the “gathering of Colombians, Poles, Liberians, Chinese, Ethiopians, Filipinos, Icelanders, and other spectacular people.” Lopokova described the atmosphere as a “madhouse”.

But she had no choice… for her husband, the legendary British economist John Maynard Keynes, was the star of the show.

Keynes in many ways was like Albert Einstein-- he had transcended his profession and become something of a cultural icon. And all throughout the conference, other delegates waited patiently for a photo while reporters frantically wrote down his every utterance.

“Lord Keynes,” said his colleague Lionel Robbins, “was photographed from at least 50 different angles. . . Lord Keynes standing up, Lord Keynes sitting down . . . and so on and so forth.”

But despite Keynes’s celebrity and gravitas, it was the Americans who had called the Bretton Woods Conference… and it was the Americans who were running the show. The United States was out to create what one of Morgenthau’s top lieutenants had called “a New Deal for a New World”.

Everyone in room knew that World War II was nearing its conclusion. The Allied invasion of Normandy had succeeded, and Nazi general Gerd von Rundstedt was about to advise Hitler to make peace. So, it was time for the allies to contemplate a post-war future.

US President Franklin Roosevelt’s message to delegates was to “take counsel with one another” to determine “the shape of the future which we are to win.”

It was a polite gesture to pretend that there would be debate and compromise among the various nations. But it was clear to all that “the future” which Roosevelt referenced would be 100% dominated by the United States. And everyone had precisely 21 days to get on board the America Train.

The primary agreement was that the US dollar would be fixed to gold… and all other nations would peg their currencies to the US dollar. The dollar would become the global reserve currency.

Keynes was furious, and at one point he screamed at senior US officials over their “lunatic proposals.” (The New York Times wrote that “the majestic beauty of the surroundings is in striking contrast to the temporary bedlam which broke out” at the event.)

Great Britain was being stripped of all power and prestige-- even losing traditional export rights to its own colonies. For Keynes, the entire event was a constant, humiliating reminder that there was no room in the New World Order for Great Britain.

But Keynes was also realistic; British debt-to-GDP had swelled to a whopping 240% in 1944, up from just 29% prior to World War I. Britain simply didn’t have the economic muscle to be the world’s dominant superpower.

So, in the end, he signed the Bretton Woods Agreement (though later complained that no one had been given “a chance of reading through a clean and consecutive copy of the [final] document.”)

In other words, the contract which formally unseated Britain as the global economic superpower had its most preeminent economist’s signature on it.

We may very well be watching the early stages of a similar seismic shift in global finance-- a move that may displace the US as the global economic power. And in the end, there could likely even be a formal contract with a prominent American’s signature on it.

As one of Donald Trump’s top economic advisors, Stephen Miran, recently wrote, “We may be on the cusp of a generational change in the international trade and financial systems.” He would know; he coined the term “Mar-a-Lago Accord”, and its basic principles are playing out in real time.

Their central idea is to throw free trade and free markets out the window… and acknowledge that both (1) US-led global security and (2) access to America’s lucrative consumer market are esteemed privileges that foreign nations must pay handsomely for.

To be fair, the premises are not crazy. For example, they question why America should have “free trade” with a foreign nation that doesn’t respect US intellectual property rights. Or why the US should bear the costs of providing security to nations which don’t pay their NATO obligations in full.

These are not unreasonable assertions. But what they’re talking about is still a fundamental reset in the global financial system that has existed for decades. And that’s a high-risk gamble.

First off, countries must bow to America’s political agenda. If not, tariffs will be imposed. And these guys honestly believe that tariffs are revenue-positive.

Miran writes that “tariffs provide revenue, and if offset by currency adjustments, present minimal inflationary or otherwise adverse side effects. . .”

He then cites the 2018-2019 trade war against China as an example of tariffs not sparking inflation-- primarily because the Chinese devalued their currency. He ignores other examples (Smoot-Hawley) of tariffs wrecking the economy.

Furthermore, access to the US consumer market, plus the promise of security and military support, must be ‘bought’ by foreign governments and central banks who must swap their US government bonds for long-term “century” bonds which potentially pay no interest.

Again, countries which do not comply will face tariffs.

We’re already witnessing the plan’s first phase: tariffs on Canadian and Mexican products. Europe is on deck. This does not seem to be an idea or wild theory-- it’s happening right in front of us.

Will it work? Who knows. If the US government manages to browbeat enough nations into submission, it’s possible there could be some trade re-balancing, additional tax revenue, and decreased interest cost on the national debt.

But there’s also significant risk that even allied nations say, “enough is enough”, i.e. that they turn their backs on the US and dump the dollar for good.

In this case, the Mar-a-Lago proponents believe the Federal Reserve would step in to ‘print’ all the money necessary to finance the bond market.

Remember, during the pandemic, the Fed printed roughly $5 trillion… and we got 9% inflation. There’s $28 trillion worth of US government debt set to mature over the next four years alone. If foreigners turn their backs on the dollar, and the Fed has to print a good chunk of that $28 trillion, inflation could easily skyrocket.

Make no mistake-- this is a high stakes gamble with a potentially binary outcome.

They either succeed… and manage to reinvigorate America’s standing with most of the world; or they fail… and torpedo the US economy, spark a nasty bout of inflation, and destroy the US dollar’s dominance in global trade.

Either way, it means a new global financial system. And it’s playing out in front of our very eyes.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/this-high-risk-gamble-is-putting-the-future-of-the-us-economy-at-stake-152356/

Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-25-25

Good Evening Dinar Recaps,

RIPPLE OPTS NOT TO CROSS-APPEAL AS SEC CASE NEARS RESOLUTION

Ripple Chief Legal Officer Stuart Alderoty posted on Wednesday on X his potential “last update” on the case.  Alderoty noted that this would all be subject to a commission vote, final documents and standard court processes

▪️Ripple has decided not to file a cross-appeal, signaling that its long-running legal battle with the U.S. Securities and Exchange Commission is nearing an end, the firm's chief legal officer said Wednesday.

▪️Ripple Chief Legal Officer Stuart Alderoty posted on Wednesday on X his potential "last update" on the case following four years of back and forth between the two. Last week, Ripple CEO Brad Garlinghouse said that the SEC had pulled its appeal of part of an earlier ruling.

A cross-appeal, which allows both sides to challenge different aspects of a court ruling, could have given Ripple a chance to contest its $125 million liability, but instead, Alderoty said the SEC will keep part of that amount and return the rest to the firm.

"The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple," he said. "The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SEC’s request."

The SEC declined to comment. Alderoty noted that this would all be subject to a commission vote, final documents and standard court processes.

U.S. District Court for the Southern District of New York Judge Analisa Torres ruled in July 2023 that some of Ripple’s sales, called programmatic, of XRP did not violate securities laws because of a blind bid process in place for them. Torres, however, ruled that other direct token sales to institutional investors were securities.

That second part regarding institutional investors meant that Ripple would be fined $125 million.

The SEC has taken on a new direction since the new Trump administration rolled in, following former Chair Gary Gensler's exit in January. Under the previous Biden administration, Gensler had said most cryptocurrencies were securities and called on crypto platforms to register with the agency. While the agency brought cases against major crypto exchanges and firms under Gensler’s reign, the case against Ripple was brought before Gensler became chair.

Over the past several weeks, the SEC has rescinded controversial crypto accounting guidance,  looked to re-examine rules affecting crypto, created a crypto task force and issued statements on memecoins and proof-of-work.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

RIPPLE WALKS AWAY PAYING JUST $50 MILLION TO SEC OVER XRP LAWSUIT

The SEC first sued Ripple Labs in 2020.

Ripple Labs has agreed to pay a $50 million fine to end the U.S. Securities and Exchange Commission’s years-long investigation into the Ripple-linked firm, the company’s Chief Legal Officer Stuart Alderoty said on Tuesday.

“The SEC will keep $50M of the $125M fine,” he wrote in a post on X, formerly known as Twitter, referring to the penalty Ripple Labs was ordered to pay by a New York court in August over unregistered XRP sales to institutional investors.

Alderoty said that Ripple has meanwhile agreed to drop its cross-appeal of U.S. District Judge Analisa Torres’ decision, which found that XRP is “not necessarily a security on its face,” especially within the context of programmatic sales to unknown buyers.

The SEC, under the leadership of former Chair Gary Gensler, sought a $2 billion penalty against ripple labs for what it claimed were unregistered securities transactions. The SEC first brought its lawsuit against Ripple Labs during President Donald Trump’s first administration.

Alderoty’s declaration follows Ripple CEO Brad Garlinghouse’s recognition that the SEC’s case has ended. He described it as a “long overdue surrender” on the regulator’s part last week.

The SEC’s about-face was widely expected following Trump’s reelection. Since Acting SEC Chair Mark Uyeda took over the agency’s reins, it has retreated from several enforcement cases, including those against the crypto exchanges Coinbase and Kraken.

Alderoty said on Tuesday that the decision is subject to Commission vote, echoing a video posted alongside Garlinghouse’s announcement last week.

A Ripple spokesperson told Decrypt then that the “timeline is completely in the SEC's control,” and it may take “several weeks” for the case to be officially withdrawn.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

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Iraq Economic News and Points to Ponder Tuesday Afternoon 3-25-25

MP: The 2025 Budget Amounts To 216 Trillion Dinars, And Sending Its Schedules To Parliament Has Been Postponed

Deputy Chairwoman of the Parliamentary Finance Committee, Ikhlas al-Dulaimi, ruled out on Tuesday the government's submission of the 2025 budget tables within the next two months, confirming that their total value amounts to 216 trillion dinars.

Al-Dulaimi explained that the Ministry of Finance has not yet sent the 2025 budget tables to the Council of Ministers, even though the Financial Management Law stipulated that they be submitted in October 2024 for approval before the start of the new year.

She added that the actual spending in the budget is estimated at 160 trillion dinars, noting that the Ministry of Finance has not yet completed preparing the tables, which could lead to postponing the budget approval until after the election.

The Iraqi Parliament voted last February on the first amendment to the Federal General Budget Law for the fiscal years 2023, 2024, and 2025.   https://www.radionawa.com/all-detail.aspx?jimare=41469

Iraq Suspends Official Work Throughout The Next Week

Local  Economy News – Baghdad  The Council of Ministers decided, on Tuesday, to suspend official work throughout the coming week on the occasion of Eid al-Fitr.

The Prime Minister's Media Office said in a statement received by Al-Eqtisad News that "the Council of Ministers has decided to suspend official work throughout the coming week on the occasion of Eid al-Fitr."  https://economy-news.net/content.php?id=53783

Prime Minister's Advisor: Iraq Attracts Major Us Investments

The Prime Minister's Advisor for Foreign Relations, Farhad Ala'aldin, confirmed on Tuesday that Iraq's economic development has attracted major American investments, pointing to an upcoming visit by a high-level US delegation to study investment opportunities in Iraq.

Ala'aldin explained in a statement that "the relationship between Iraq and the United States is a strategic one based on common interests and mutual respect, in accordance with the Strategic Framework Agreement between the two countries."

He stressed that the two sides are working to develop a roadmap to expand and deepen this relationship and enhance cooperation in areas such as investment, infrastructure development in the energy, technology, and agriculture sectors, in addition to continuing the partnership in the fight against terrorism and regional and international coordination.

He pointed out that Iraq is witnessing remarkable economic development that provides promising opportunities in several vital sectors, explaining that there is growing interest from the United States to invest in the Iraqi market. He pointed out that there is ongoing communication with major American companies wishing to enter the Iraqi market, in light of the government's facilitations to ensure an attractive investment environment.

Ala'aldin also announced an upcoming visit by a high-level delegation of American companies to discuss investment opportunities in Iraq, in addition to holding meetings with government officials and local companies.

Regarding the Prime Minister's official visits, Alaa El-Din emphasized that each visit is organized according to a schedule and program that serves the common interests of both countries. He added that a visit to a regional country is coming soon, followed by preparations for the Arab Summit, which comes at a sensitive time given the security and political challenges facing the region. https://www.radionawa.com/all-detail.aspx?jimare=41473

Oil Exploration: We Possess Modern Technologies That Rival International Companies

Energy Economy News – Baghdad  The Oil Exploration Company announced on Tuesday that it possesses modern global technology comparable to that of international companies. It also indicated a five-year plan for exploration and determining the size of oil reserves.

"The Oil Exploration Company is the only company in Iraq that explores oil and gas sites across Iraq, from north to south," said Osama Raouf, the company's general manager, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News."

 He explained that "the size of Iraqi explorations in relation to reserves is measured through a five-year plan and an annual plan, whereby plans are measured in relation to the size of reserves existing in Iraq. The larger the exploration plan, the greater the percentage of reserves in Iraq."

He added that "the percentage of reserves is primarily due to exploratory drilling operations. The more exploratory drilling sites there are, the greater the reserves in Iraq."

He explained that "reserves in Iraq are due to increased exploratory drilling and the discovery of new reservoirs, both visible and invisible, that were not previously explored and were recently explored."

He continued, "The Oil Exploration Company possesses modern global technology that matches the technologies found in international companies," stressing that "the company relies primarily on 100 percent national cadres.

We do not have experts, but we have global technologies that match the technologies of international exploration companies." https://economy-news.net/content.php?id=53776

Iraq Begins Implementing The TIR System: A Step Towards Boosting International Trade And Reducing Transportation Costs

Buratha News Agency832025-03-25   The American Transportation Bulletin, a website specializing in commercial shipping affairs, stated that Iraq will begin implementing a global transportation system next week, marking the beginning of a new era in logistics and international trade.

The website's report explained that the TIR system will become fully operational when it goes live in Iraq on April 1, 2025.  TIR is an international customs transit system that allows goods to pass from the country of origin to the country of destination in sealed loading containers with customs controls throughout the supply chain, helping transportation companies and customs authorities save significant time and money at the border.

The report also noted that this important achievement strengthens Iraq's position as a major trading hub in the Middle East, making the transport of goods more efficient and secure across and beyond Iraq's borders.

In addition, the report stated that the TIR system will play a significant role in transforming Iraq's "Development Road" project into reality, which will connect southern Iraq to northern Iraq and provide an efficient trade corridor linking Asia, the Gulf Cooperation Council countries, Turkey, and Europe.

According to the report, logistics and transportation companies are ready to begin implementing TIR operations from points of origin such as Mersin in Türkiye to GCC countries via the Iraqi port of Umm Qasr.

Trial operations have shown that this journey can be completed in less than a week, compared to a minimum of 14 days via the Red Sea, or 26 days if the ship has to make a circuit around Africa.

In contrast, Iraqi Minister of Transport Razzaq Al-Saadawi stated: "The operation of the TIR system in Iraq, in which the IRU played a significant role, represents a major achievement, positioning the country for a new phase of potential investment and inter-trade with our neighbors and other countries in the region."

Al-Saadawi added that TIR will benefit from Iraq's strategic location, contributing to enhancing the efficiency of cross-border trade. He noted that this move, supported by Prime Minister Mohammed Shia al-Sudani, will reduce transportation time by 80% and costs by 38%, providing significant economic benefits and job opportunities.

Al-Saadawi added that Iraq has worked to develop its land transport infrastructure over the past two years in cooperation with all relevant stakeholders, and that the government is committed to maximizing the benefits of the system to support the transport sector and the national economy.

For his part, IRU Secretary General Umberto de Pretto expressed his enthusiasm for this "historic" achievement, saying: "For nearly eight decades, the TIR system has contributed to promoting safe trade, and I look forward to seeing the first TIR truck cross Iraqi territory."

He explained that these trucks will transit the country smoothly through corridors that provide a high level of security, opening a new chapter in Iraq's role in international trade.

The report concluded by emphasizing that integrating the electronic pre-declaration system with the local Iraqi TIR platform will allow for advance submission of shipment information, enhancing the efficiency of customs procedures.

Meanwhile, stakeholders will be able to closely monitor trucks using GPS technology, with regular checkpoints to ensure the safety of shipments and transportation so they reach their final destination safely and on time.   https://burathanews.com/arabic/economic/458009

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-25-25

Good Afternoon Dinar Recaps,

RIPPLE LAWSUIT NEWS: XRP COMMUNITY SEEKS MASSIVE $500 BILLION RESTITUTION AFTER SEC FALLOUT

▪️Jimmy Vallee seeks $500B restitution for XRP holders, arguing SEC’s lawsuit caused massive losses and stunted XRP’s price potential.

▪️Vallee’s Crypto Justice Coalition pushes for XRP investor compensation, bypassing courts to negotiate alternative legal solutions

Jimmy Vallee, founder of Valhil Capital, is pushing for a massive $500 billion restitution for XRP holders. This push comes in response to the U.S. Securities and Exchange Commission’s (SEC) 2020 lawsuit against Ripple, which alleged that XRP sales were unregistered securities offerings.

The lawsuit triggered a major selloff, causing XRP’s price to drop by nearly 75%, and many exchanges removed the token from their platforms, further damaging its market position. Vallee, along with his firm, believes that without the SEC’s interference, XRP could have followed a price path similar to that of Bitcoin or Ethereum. He argues that XRP’s price could have easily exceeded its previous all-time high of $3.84, potentially reaching $10 today.

Jimmy Vallee’s $500 Billion Restitution Push

To help address these alleged injustices, Vallee has launched the Crypto Justice Coalition, which aims to secure financial compensation for affected XRP holders. Vallee claims that over 76,000 XRP holders, represented by attorney John Deaton during the Ripple case, should be eligible for a portion of the proposed $500 billion restitution.

Following the SEC’s decision to drop its lawsuit against Ripple, the call for compensation has gained fresh momentum. Vallee has stated that he does not intend to pursue compensation through the federal court system, citing concerns about the potential bias within the courts. Instead, he is looking into alternative legal routes and possible negotiations with regulators to resolve the issue.

The Future of XRP and Market Recovery Prospects

Vallee’s proposal for a $500 billion restitution stems from the significant market opportunities lost due to the SEC’s actions. Currently, XRP’s market cap is around $140 billion, but if its price had followed Vallee’s projection of $8 to $10 per token, the market cap would have surpassed $500 billion.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

BRICS NATION STRIKES MAJOR DEAL WITH THE US: WHAT TO KNOW

Although both sides have had a contentious first three months of the year, one BRICS nation has made a major deal with the US. Indeed, the United Arab Emirates (UAE) made headlines last week when it announced a $1.4 trillion investment framework in the United States. Now, the geopolitical landscape is asking just what it means for both sides.

The economic alliance has been on the receiving end of the ire of US President Trump since his election win in November of last year. He has maintained his focus on ensuring the status of the US dollar as a global reserve asset does not change. In doing that, he has targeted the BRICS bloc. Specifically, he has answered their de-dollarization efforts with aggressive economic policy.

UAE & US Make Major Deal: So What Does That Mean for BRICS?

The last three months have seen increased geopolitical tensions between the West and the Global South. For the last two years, the latter has sought to promote the use of local currencies in its trade dealings. That has been a focal point for the alliance as it pursued ways to level the playing field of global economies.

However, the tensions between the BRICS and the US took an interesting turn last week when the UAE struck a deal with the Trump administration. Moreover, they agreed to a 10-year agreement that will see them inject the Western power with an influence of capital. The deal came together quickly, with the agreement coming just days after the US president and UAE officials met.

So, what exactly does this mean for the economic alliance? The UAE is very much engaged in the bloc’s continued development. In fact, Monday saw Russia and the country meet to discuss the strengthening of their cooperation. That would lead some to believe that the alliance has come to an end in the traditional sense.

Yet that has been rejected by India in a recent statement. Indeed, the nation’s External Affairs Minister, Dr. S. Jaishankar, discussed the belief that the bloc is “disintegrating” under the weight of US tariff threats. He clearly spoke out against such accusations, claiming that the bloc was continuing its growth efforts as a collective.

The reality is that this may be the bloc evolving past its de-dollarization efforts. Many of the participating countries have sought to challenge the belief that they want to end the greenback. Therefore, it looks as though that has become their primary function.

Specifically, the BRICS bloc is set to embrace trade and economic access for developing nations. In the meantime, they will seek to challenge the unbalanced global hierarchy that sees the United States as the dominant force. As long as they don’t target the US dollar directly, President Trump may just be able to live with that.

@ Newshounds News™
Source:  Watcher Guru

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Iraq Economic News and Points to Ponder Tuesday AM 3-25-25

Iraq Confronts Economic Crises With Digital Dinar, Parallel Market Threatened With Extinction
 
Reports  Economy News – Baghdad  The Central Bank of Iraq is preparing to launch the digital dinar, 
marking the transition to digital currency management. The  digital dinar is a digital currency issued by the central bank,  officially part of a country's monetary system.
 
It is  similar in value to the traditional dinar, but is   traded electronically via digital wallets or approved financial applications.

It
 
     facilitates instant money transfers within the country or across borders,
     reduces the logistical burden of issuing paper or metal currency, and
     enables broader segments of society to access digital financial services.
 
This project comes in light of the 
significant economic challenges facing Iraq, such as its
 
     heavy reliance on paper money and the phenomenon of
     hoarding.
 
The digital dinar aims to address these challenges by providing a safe and effective digital alternative to paper money.
 
Central Bank Governor Ali Al-Alaq had previously stated during a speech he delivered at the Finance and Banking Conference and Exhibition that
 
"the financial and banking system will witness fundamental transformations, including the
 
     decline of paper currencies and their
     replacement by digital payments for central banks." He explained that
 
"the Central Bank is moving to create its own digital currency, which will gradually replace paper transactions, as is the case with some central banks around the world."
 
Mazhar Saleh Mohammed, the Prime Minister's advisor for financial and banking affairs and former deputy governor of the Central Bank,
 
highlighted the
 
     importance of the digital dinar and
     its relationship to the dollar exchange rate in local markets.

Speaking to Al-Eqtisad News, Mohammed emphasized that the
 
digital dinar is a global trend in the development of payment systems, particularly in the description of monetary units that will acquire digital rights bearing the same legal force issued by the monetary authority as banknotes in the discharge of debts, as
 
they are units of
 
     account,
     exchange, and
     storage of value
 
within the digital economic community and via a highly sophisticated, rapid, and accurate information system.

He added that these monetary units will be used with
 
     high transparency to
     cover various real transactions of goods and services, as well as to
     settle small and large obligations. He noted that
 
all exchange transactions will be transparently recorded between traders, up
to the point of purchasing a loaf of bread, under the supervision of the monetary authority, thus
 
ending the ambiguous or illegal uses of money once and for all.
 
Regarding the digital dinar's relationship to exchange rates,
 
Al-Sudani's advisor explained that the
 
official exchange rate will be the prevailing and sole rate, the digital exchange rate adopted by monetary policy.
 
The parallel market will disappear in its current form, as
 
it is difficult to invent a secondary digital market whose operations operate outside the control of the digital monetary authority. However,
 
usurious digital markets may emerge among the same traders. He pointed out that the
 
digital cash system provides the banking system with sufficient digital cash liquidity to grant loans without the risk of liquidity risk within banking markets.

This
 
     encourages investors to borrow easily,
     increases economic growth levels, and
     promotes sustainable development. It also
     facilitates access to global digital exchanges for global payments and settlements.
 
"Introducing digital currency requires two things," according to the Prime Minister's advisor. He explained that the
 
first is a high level of public awareness of the digital monetary system, while the
 
second is the availability of an advanced information, communications, and data technology infrastructure that evolves continuously over time. He pointed to the
 
need for a legal infrastructure to protect digital currency transactions, particularly in
protecting the rights of users to their income and wealth, which
cybersecurity provides against any dangerous digital breaches.
 
Many questions are being raised about the digital dinar and its differences from cryptocurrencies, which economic expert Ziad Al-Hashemi answers. Al-Hashemi points to
 
a "significant difference" between digital currencies and cryptocurrencies:
 
"The former are issued and regulated by central banks, such as the digital dollar and the digital dirham, while
 
cryptocurrencies such as Bitcoin are not subject to any official authority and
 
their value depends on supply and demand, making them highly volatile." He stated that
 
if the Central Bank of Iraq issues the digital dinar,
 
it will be the sole entity
 
     controlling the issuance and distribution of the digital currency,
     facilitating oversight and
     preventing financial crimes,
 
unlike cryptocurrencies, which operate on a decentralized system that is difficult to control. He pointed out that the
 
digital dinar will be fully backed by the central bank and have a relatively stable value, similar to paper currency.

However, it will be
     traded electronically only through bank accounts and wallets, contributing to
     reducing the use of paper money,
     achieving financial inclusion, and
     reducing reliance on the dollar in daily transactions. Al-Hashemi noted that the
 
primary goal of this step is to eliminate the phenomenon of cash hoarding, whereby citizens hold large sums of money outside banks due to lack of confidence in the banking system.
 
This hinders the flow of funds and negatively impacts economic activity.
 
If the project implemented well, the
 
digital dinar could help

     disburse hoarded liquidity and

     stimulate lending and credit.
 
views 1872     Added 03/17/2025 - 10:31 AM     https://economy-news.net/content.php?id=53480   

Rafidain Bank Director: Money laundering poses a direct threat to economic systems.
 
March 24, 2025 Baghdad/Iraq Observer Rafidain Bank's General Manager, Ali Al-Fatlawi,
highlighted the importance of the AML system in enhancing financial transparency, noting that
 
the bank has taken important strategic steps in the field of combating money laundering and terrorist financing. “In light of the
 
escalating challenges associated with financial crimes globally, anti-money laundering (AML) systems have become a top priority for financial institutions and governments, as
 
they are the cornerstone of protecting the integrity of financial markets and enhancing economic stability,” said Ali Al-Fatlawi, General Manager of Rafidain Bank, in a televised interview followed by “Iraq Observer.”  

He indicated that
 
“with countries committed to implementing strict international standards in this area,
 
Rafidain Bank stands out as a leading Iraqi financial institution that has adopted the latest monitoring and compliance systems,
 
which strengthens Iraq’s position in the global financial system.”
 
Regarding the importance of the anti-money laundering system and its role in financial stability, Al-Fatlawi explained that
 
“money laundering poses a direct threat to economic systems, as
 
it enables illegal activities to integrate into the financial system,
leading to monetary instability and weakening economic policies.” He added,
 
“For this reason, financial institutions implement strict measures to ensure compliance with global standards, such as the Financial Action Task Force (FATF) recommendations, which establish a comprehensive framework to combat these financial crimes.” He pointed out that
 
“the Anti-Money Laundering (AML) system aims to prevent, analyze, and detect suspicious financial activities,
 
through mechanisms that include:
 
- Customer identity verification (KYC) to ensure knowledge of the true sources of funds.
 
- Monitor financial transactions to detect any unusual activity.
 
- Immediately report suspicious transactions to regulatory authorities.

-Using modern technology in financial analysis to enhance the efficiency of detecting illegal activities.” He continued,
 
"These practices not only
     enhance the transparency of financial markets, but also
     contribute to raising countries' financial ratings and
     improving the business and investment environment." He explained that
 
"Rafidain Bank, as a banking institution with a significant market share in Iraq,
 
continues its pioneering role in developing the local banking infrastructure in accordance with the latest international standards." He emphasized that "in recent years,
 
the bank has taken significant strategic steps in the field of combating money laundering and terrorist financing,
 
reflecting its unwavering commitment to enhancing financial transparency and achieving full regulatory compliance."
 
Regarding the launch of the Anti-Money Laundering (AML) system, he stressed that “in a qualitative step,
 
Rafidain Bank announced the launch of an advanced system to monitor daily banking transactions across its branches,
 
making it the first Iraqi bank to adopt this regulatory approach in accordance with the latest global banking technologies.” He noted that
 
“this project was implemented in partnership with specialized international institutions, as
 
it aims to analyze and track all financial transactions in real time, which contributes to
 
enhancing the level of banking security and

combating any illegal attempts at money laundering.” He explained that
 
"the system's first phase included six major branches of regulatory importance, including Al-Waziriyah, Al-Muheet, Al-Rafie, Al-Dura Oil Complex, Zurbatiyah, and Safwan,
 
with the plan to gradually expand to the remaining branches.

This system is characterized by its ability to:
 
-Identify suspicious financial activities immediately, enabling rapid response.
 
- Analyzing big data and its cross-reference with international sanctions lists, ensuring full compliance with regulatory standards.
 
-Improving financial audit efficiency by shifting from paper-based processes to smart digital systems. He pointed out that
 
"this initiative confirms that Rafidain Bank is adopting a proactive approach to combating financial crimes, which strengthens its position as a trusted banking institution within Iraq, regionally, and internationally."
 
Regarding the economic and regional repercussions of adopting AML systems in Iraq, Al-Fatlawi explained,
 
"Rafidain Bank's commitment to best practices in combating money laundering leads to strategic outcomes that extend beyond the bank itself to encompass the Iraqi economy as a whole.
 
Advanced banking systems that adopt cutting-edge AML technologies enable:
 
- Achieving financial stability by preventing illicit money flows, which may negatively impact cash liquidity and price fluctuations.
 
- Strengthening international banking relations, as compliance with global standards enhances opportunities for establishing partnerships with foreign correspondent banks, facilitating the smooth flow of financial transfers and foreign investments.
 
- Stimulating foreign direct investment, as international investors seek safe financial environments free from regulatory risks.
 
- Improving Iraq's global financial reputation, which will contribute to raising the Iraqi banking system's rating with international financial institutions. He continued,
 
"Rafidain Bank is at the forefront of banking transformation, as the
 
progress it has made in implementing anti-money laundering systems reflects its commitment to international standards and its keenness to protect the Iraqi banking sector." He indicated that
 
"by employing advanced financial technology, a strict commitment to transparency, and integration with international regulatory systems,
 
the bank continues its role as a pivotal financial institution in supporting financial integrity and economic stability." He continued,
 
"As the Iraqi banking sector continues its digital transformation,
 
Rafidain Bank's experience represents a successful model for balancing regulatory compliance with technological advancements,
 
paving the way for a more transparent and reliable banking future, both domestically and internationally."     https://observeriraq.net/مدير-مصرف-الرافدين-غسل-الأموال-يمثل-ته/  

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Tuesday Morning 3-25-25

Good Morning Dinar Recaps,

CRYPTO NEWS: ACTING CHAIR STANDS ALONE, VOTES AGAINST SUING MUSK FOR STOCK DISCLOSURE DELAY

▪️SEC lawsuit against Elon Musk faces internal divisions, with acting chair Mark Uyeda opposing legal action over Musk's Twitter stock purchase.

▪️Musk’s SEC lawsuit sparks debate on securities laws for tech executives amid shifting crypto enforcement and regulatory priorities.

The U.S. Securities and Exchange Commission (SEC) has faced internal divisions regarding its decision to pursue legal action against Elon Musk. Mark Uyeda, the acting SEC chair, was reportedly the only commissioner who opposed suing Musk over his delayed disclosure of his stock purchase in Twitter, now rebranded as X.

According to a report by Reuters, this decision comes at a time when the SEC is dealing with shifting priorities and challenges within the agency. The vote to determine whether Musk should face a lawsuit took place behind closed doors, with Uyeda breaking from the other commissioners who favored legal action.

The SEC had formally filed a lawsuit against Musk in January 2025, alleging that he violated federal securities laws by failing to disclose his acquisition of more than 5% of Twitter’s stock in 2022. This failure to file the necessary report allowed Musk to purchase additional shares at artificially low prices, potentially saving him millions of dollars.

SEC’s Changing Stance

The SEC has been adjusting its approach to regulating cryptocurrency, easing enforcement actions against companies such as Ripple, OpenSea, and Coinbase. This more lenient stance has sparked discussions about the agency’s evolving priorities.

Musk’s involvement in the Trump administration has also generated attention. He was appointed by former President Donald Trump to lead the newly established Department of Government Efficiency, a role designed to streamline regulatory practices. Musk’s relationship with Trump continues to raise speculation about potential influence on regulatory decisions.

The SEC’s case against Musk brings to attention the ongoing debate about how securities laws apply to tech executives, particularly in the changing digital asset space. The outcome of this lawsuit could have significant implications for future regulatory actions in the U.S.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

RIPPLE CEO BRAD GARLINGHOUSE PREDICTS ‘TRUMP EFFECT’ WILL SPARK CRYPTO ADOPTION WAVE IN 2025

Ripple CEO Brad Garlinghouse is predicting crypto adoption will soar this year as US President Donald Trump embraces the industry.

In a new interview with Fox Business, Garlinghouse says that since the United States is no longer stifling the crypto industry with unnecessary lawsuits and regulation by enforcement, the growth of the digital assets sector is poised to skyrocket.

“Once the United States government filed suit, we really were kind of frozen in the US market, and so about 95% of our customers today, Ripple’s customers, are non-US financial institutions, and those are some of the largest financial institutions, ranging from HSBC and BBVA to payment providers you wouldn’t necessarily have heard of. Markets like Japan, I think are still unlocking.

The market opportunity here is massive. You have trillions of dollars flowing cross-border globally. It’s still largely dominated by the Swift network, if you will. That’s a technology architecture that was developed 50 years ago. There’s an opportunity to modernize.

That takes time, particularly when you have a government in the US kind of combating that innovation. But that’s changing now. The Trump effect, if you will, is profound. You’re seeing that in asset prices, but you’re also going to see that in the adoption of these technologies.”

The Ripple CEO also says that blockchain technology may be adopted for a number of uses, including the trading of stocks and the selling and buying of real estate.

“We’re definitely already seeing a change in the domestic interest. These six weeks after President Trump was elected, we signed more deals in the United States than we had in the previous six months. So these are very innovative technologies.

I think they’re going to play out over 10, even 20 years, in terms of how they integrate and rewire the financial infrastructure of the United States. That’s across payments, that’s across even the settlement of maybe real estate transactions, securities transactions.

So I think we’re going to see this play out over a long arc, but the United States is finally unlocked, and I think people are underestimating how big that change is, and you’ll see that continue to play out this year.”

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Monday Evening 3-24-25

Good evening Dinar Recaps,

HOW WILL TRUMP’S “LIBERATION DAY” TARIFFS IMPACT BITCOIN PRICE?

▪️Trump’s “Liberation Day” on April 2 aims to reshape trade policies but could spark global volatility.

▪️Analyst Alex Kruger warns April 2 could be 10x more impactful than Federal Reserve meetings.

▪️Experts predict a harsh tariff policy could crash the market by 10% to 15% rapidly.

Financial markets started the week with gains, but a storm could be brewing. April 2, dubbed “Liberation Day” by U.S. President Donald Trump, marks the rollout of new tariffs targeting countries with trade barriers against the U.S. Trump says this will strengthen the American economy, but experts warn it could unleash serious market chaos.

Crypto markets are already reacting- Bitcoin has surged to $87,230, while Solana’s SOL is up nearly 6% to $138.

But that might just be the beginning. With global markets on edge and uncertainty running high, the real question is: will April 2 bring a financial boost or a major meltdown?

What Is Happening on April 2?

On April 2, the U.S. government will introduce a new round of tariffs. Trump sees this as a move to strengthen the U.S. economy, but analysts worry it could cause financial instability worldwide.

Economic expert Alex Kruger says this could be the biggest market event of the year – possibly “10 times bigger” than any Federal Reserve meeting.

Kruger explains that the market’s reaction will depend on how strict Trump’s tariffs are. If the tariffs are mild, the market may rise sharply. But if Trump announces harsh trade rules, the market could fall by 10% to 15% very quickly.

Investors Prepare for Market Swings

Some analysts warn that the impact of these tariffs could hit hardest around mid-April, just as U.S. Tax Day approaches—already a volatile period for financial markets.

Meanwhile, other countries are working to reduce trade tensions. Mexico’s President Claudia Sheinbaum is in talks with the U.S. to address immigration and crime, hoping to avoid economic fallout. However, experts say this may not be enough to prevent market risks.

Tariffs Already Causing Disruptions

The effects of Trump’s trade policies are already being felt. In February, he raised tariffs on Canadian, Mexican, and Chinese imports, causing an immediate downturn in the crypto market. Bitcoin plunged from $105,000 to $92,000, and the total crypto market cap dropped by 8% in a single day.

With just days left until April 2, investors are bracing for major market swings. If the tariffs are aggressive, both stock and crypto markets could experience extreme volatility.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

BITCOIN AND STOCK MARKET RALLY HARD AS WHITE HOUSE NARROWS SCOPE OF TARIFFS

Digital assets and equities are soaring on the weekly open amid renewed optimism stemming from the White House taking a softer tone on tariffs.

While tariff threats initially sparked one of the worst stock market drawdowns in recent memory, reports are now suggesting that President Trump’s aggressive trade negotiations may be in the process of a smooth resolution.

Citing “US officials familiar with the matter,” Bloomberg reports that Trump’s reciprocal tariffs may be more targeted than initially anticipated, with some countries being exempt, and some sector-specific levies being delayed by the White House.

The Wall Street Journal reported similar information.

"All major stock indices opened the week well into the green, while Bitcoin (BTC) is up 3% on the day and is now up 15% from its 2025 low near $76,500."

Said Tobin Marcus of Wolfe Research in a note seen by CNBC,

“Omitting the sectoral tariffs from the April 2nd package significantly reduces both its aggregate scale and the maximum rate on targeted sectors, given that all of Trump’s tariffs to date have been designed to stack… The ceiling for reciprocal tariffs on April 2 remains dramatic, and we still expect a negative market reaction, but the scale won’t be as severe and the sectoral impacts won’t be as concentrated.”

However, in a post on Truth Social, President Trump announced that “secondary tariffs” would be placed on Venezuela and any country that purchases oil and/or gas from the country.

Trump cited numerous reasons, including “the fact that Venezuela has purposefully and deceitfully sent to the United States, undercover, tens of thousands of high level, and other, criminals, many of whom are murderers and people of a very violent nature.”

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

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Iraq Economic News and Points to Ponder Monday Afternoon 3-24-25

Baghdad Informs Washington: Iran Used Iraqi Documents To Sell Its Oil

Energy  Economy News – Baghdad  Following accusations against Iraq regarding SOMO's involvement in selling Iranian oil as Iraqi oil to help Tehran circumvent sanctions, Oil Minister Hayan Abdul Ghani revealed US-Iraqi talks on the matter.

Abdul Ghani said, "US naval forces seized Iranian tankers carrying oil and found documents indicating that it was Iraqi oil, even though it was Iranian."

Forged Documents

He added in statements to state television yesterday that "it later became clear that these documents were forged, as these Iranian tankers had forged them to sell oil to international companies as Iraqi oil."

He also confirmed that the Iraqi authorities "spoke with the American side to clarify the details of this case, and that Iraq has nothing to do with it." He explained that the American side understood the matter.

Oil Refinery In Iraq

These statements came after information emerged in recent months about SOMO's involvement in exporting and smuggling Iranian oil, amid threats of US sanctions against the company. SOMO had previously denied these accusations.

On the 19th of this month, the Iraqi Navy announced the seizure of an unidentified vessel in Iraqi territorial waters in the Gulf, suspected of smuggling fuel.

It's worth noting that since the US unilaterally withdrew from the 2015 nuclear agreement, Washington has tightened its sanctions on Tehran and reimposed stifling restrictions on certain sectors, particularly oil.    https://economy-news.net/content.php?id=53726

Iraq Denies Any Connection To Oil Tankers Seized With Forged Documents.

Iraqi Oil Minister Hayan Abdul Ghani revealed that Baghdad received verbal messages from Washington regarding the US Navy's seizure of tankers carrying Iranian oil in the Gulf using Iraqi documents, stressing that Iraq informed the United States that these documents were forged.

Abdul Ghani explained, in a television interview, that some Iranian traders use fake documents, but that Iraq has nothing to do with these operations. He confirmed that the State Oil Marketing Organization (SOMO) monitors all its shipments via satellite, emphasizing that export operations through the company are transparent, as sales are only made to companies that own refineries, which distinguishes Iraq from others.

The minister indicated that some traders attempted to change the destination of shipments to take advantage of price differences between Asian and European markets, but SOMO took strict measures against them, including blacklisting some of them. He stressed that the company did not commit any violations in the export operations.  https://www.radionawa.com/all-detail.aspx?jimare=41459

Oil Prices Stabilize Amid Anticipation Of Russia-Ukraine Talks

Energy  Economy News – Baghdad   Oil prices stabilized on Monday as investors assessed the prospects for ceasefire talks aimed at ending the war between Russia and Ukraine, which could lead to increased Russian oil imports into global markets.

Brent crude futures fell 8 cents, or 0.1%, to $72.08 a barrel by 00:46 GMT.

U.S. West Texas Intermediate crude fell five cents, or 0.1%, to $68.23.

Oil prices rose on Friday, posting gains for the second consecutive week, as new US sanctions on Iran and the latest OPEC+ production plan raised expectations of tighter supplies.

A US delegation will seek progress toward a Black Sea ceasefire and a broader cessation of violence in the war in Ukraine when it meets for talks with Russian officials on Monday, following discussions with Ukrainian diplomats on Sunday.

OPEC+—the Organization of the Petroleum Exporting Countries and its allies, including Russia—on Thursday issued a new schedule for seven member countries to further cut oil production to compensate for pumping above agreed levels. This will go beyond the monthly production increases the group plans to implement next month.

Market participants are also monitoring the impact of new US sanctions on Iran announced last week.

Iranian oil shipments to China are expected to decline in the near term following new US sanctions on a refinery and oil tankers, which have led to higher shipping costs. However, traders said they expect buyers to find alternative solutions to keep at least some volumes flowing.
https://economy-news.net/content.php?id=53718

Iraq's Oil Exports To The US Last Week Exceeded 200,000 Barrels Per Day

Sunday, March 23, 2025 11:07 | Economic  Number of reads: 255  Baghdad / NINA / The US Energy Information Administration announced, on Sunday, an increase in Iraqi oil exports to the United States during the past week.

The administration said in a table, "The average US imports of crude oil during the past week from 8 major countries amounted to 4.673 million barrels per day, a decrease of 904 thousand barrels per day compared to the previous week, which averaged 5.577 million barrels per day."

It added that the average "Iraqi oil exports to America increased significantly, reaching 202 thousand barrels per day, an increase of 32 thousand barrels per day compared to the previous week, which averaged 170 thousand barrels per day."

The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Colombia, Venezuela and Saudi Arabia."

According to the table, "the amount of US imports of crude oil continued from Mexico, Nigeria and Brazil at lower rates." / End   https://ninanews.com/Website/News/Details?key=1193490

By This Date, The Government Plans To Increase Oil Production To More Than 6 Million Barrels Per Day

Energy Economy News – Baghdad   The Ministry of Oil announced plans on Sunday to increase production to more than 6 million barrels per day by 2029, while also noting an agreement with BP to develop four fields in Kirkuk.

Undersecretary of the Ministry of Oil, Bassem Mohammed Khudair, said, "The ministry seeks to increase oil and gas production capacity within a clearly defined five-year plan, targeting a ceiling exceeding 6 million barrels per day between 2028 and 2029."

He explained that "the ministry is working to achieve these goals through projects extending to all governorates, benefiting from the exploration activity carried out by the Oil Exploration Company, as well as drilling and production operations in the fields across the six licensing rounds."

He pointed out that "among the most prominent current projects in the extraction sector is the integrated gas development project in the south, in the Artawi field, in addition to other projects, including the project to develop four important fields in Kirkuk, for which an agreement has been reached, and the final contract is scheduled to be signed with BP in the coming days."

He continued, "National extractive companies are now responsible for 70% of operational activities."

https://economy-news.net/content.php?id=53697

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-24-25

Good Afternoon Dinar Recaps,

SEC SHOWS SUPPORT FOR COINREGTECH’S CRYPTO MARKET REGULATION PROPOSAL

The U.S. Securities and Exchange Commission has responded favorably to a proposal from CoinRegTech, a cryptocurrency market regulation service provider, aimed at improving oversight and transparency in the digital asset securities market.

The proposal outlines key regulatory measures designed to address investor protection, market structure, and transaction reporting. CoinRegTech’s recommendations focus on three main regulatory changes that aim to strengthen the framework surrounding digital asset securities.

First, the proposal emphasizes the need for clearer investor protection measures and urges the SEC to enforce structural requirements for trading platforms that facilitate digital asset securities transactions. This would help ensure that investors are adequately safeguarded in an evolving market landscape.

Second, CoinRegTech advocates for revisions to the Securities Exchange Act to enhance transaction reporting mechanisms. These updates would also aim to clarify market supervision responsibilities, thereby improving the overall structure and reliability of the market.

Third, the firm introduces the Digital Asset Electronic Reporting System, which is proposed to be developed in collaboration with the Commodity Futures Trading Commission. This new reporting system would play a vital role in enhancing regulatory oversight of digital asset transactions, promoting greater transparency and accountability in the market.

According to CoinRegTech, implementing these recommendations would increase transparency in cryptocurrency markets, enhance investor protection, and contribute to a more stable regulatory environment.

@ Newshounds News™
Source:  Crypto News

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INDIA CONVEYS TO BRICS: ‘WE WILL NOT DITCH THE US DOLLAR’

BRICS member India is repeatedly making it clear that they will not ditch the US dollar for trade and transactions. India’s Foreign Minister S. Jaishankar spoke in the Parliament regarding the de-dollarization agenda and the country’s role in it. He confirmed that India is steering off any anti-dollar moves amid US President Donald Trump’s tariff threats.

“BRICS, a platform that has grown in membership and agenda over the last two decades, seeks to enhance understanding among the international community,” said Jaishankar in response to a question in the Lok Sabha Parliament. Trump had threatened to impose tariffs on India and all BRICS nations if they plan to reduce dependency on the US dollar.

Jaishankar added that India has conveyed its stance to the US authorities during bilateral discussions that they will not pursue the BRICS agenda of sidelining the US dollar. Therefore, the de-dollarization initiative and the formation of a new common currency might be kept on hold.

BRICS: India Wants the US Dollar’s Reign To Continue

India took a U-turn from the BRICS anti-US dollar initiative after Trump reclaimed the White House in November. Both countries are sharing cordial relations with little to no threat to uproot the USD from the global reserve. This is in stark contrast with the BRICS alliance that is aiming to topple the greenback from the supreme status.

Apart from India, even Brazil, which chairs the 17th BRICS summit, is looking to keep the US dollar’s dominant position. Four government officials told Reuters on the condition of anonymity that Brazil will not pursue the common currency this year. Only Russia, China, and Iran are advancing the de-dollarization agenda hoping that their local currencies can take the top spot.

@ Newshounds News™
Source:  Watcher Guru

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