News, Rumors and Opinions Monday 1-13-2024

DJ:  DID YOU KNOW?

Jan 12th Post 2025 (Cultural Differences)

I recently read an article about an individual who moved to the U.S. from New Zealand 12 years ago. They were expressing their difficulty, 12 years later, on adjusting to the cultural differences.

They expressed how when they first moved here they discovered the U.S. tends to have a more cutthroat, competitive culture in which people can be overlooked or dismissed if they’re not prepared to speak loudly and clearly about their accomplishments.

Back in New Zealand however, they were used to, and raised in, a culture that encourages people to act humble. Where people don’t tend to talk up their accomplishments and try to give credit to others (even if it rightly belongs to them).

Though this may be a small thing, these sorts of cultural differences can feel like a minefield to navigate and has made some social interactions a constant source of stress for years. We have to keep in mind for a GCR to occur these cultural differences are going to have to be accounted for. Who gets what, how they get it, and how the process will integrate through all these various cultural minefields.

Remember, the GCR is a redistribution of global wealth drawing from multiple countries and multiple cultural differences, not printing more money. Cultural differences play a pivotal role because they shape how societies view wealth, fairness, and redistribution.

In some cultures, wealth is viewed as a sign of hard work and individual success, while in others, it’s seen as a communal resource meant to be shared. Redistribution may face resistance in societies that highly value individual achievement and property rights.

While many cultures have religious or ethical systems that influence their stance on wealth sharing. For example: Zakat in Islam mandates wealth redistribution as a religious duty, western cultures influenced by Protestant ethics may stress individual responsibility over collective welfare.

Cultural definitions of fairness way in. Fairness can mean different things across cultures. In the Global North, fairness might emphasize equal opportunity. In the Global South, fairness may focus on compensating for historical injustices like colonialism or exploitation. These differing views could complicate consensus on how wealth should be redistributed globally.

How we approach and address cultural differences would have to include some type of inclusive dialogue that would engage diverse stakeholders to ensure all voices are heard, respecting cultural norms and values.

They would have to highlight shared global challenges like poverty and climate change to build solidarity. They have to design flexible redistribution models tailored to cultural contexts rather than imposing a one-size-fits-all solution. And most of all we will have to strengthen international institutions and promote transparency to gain widespread support.

So all the massive changes to the mechanisms required to pull this off aside, getting the global community and integrating the cultural norms of each participant to sink together, is in itself a challenge we don’t normally consider.

Not everybody likes to go skinny dipping, if you know what I mean.  DJ

https://dinarchronicles.com/2025/01/12/the-office-of-poofness-weekly-report-update-from-poof-and-dj-1-12-25/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  I try to be calm cool and collected as much as possible because I'll be honest with you, this transition, when it happens is going to be something that everybody's going to have to deal with and it's going to be a shock.  Just like the World Bank had said to not just us but they said to the countries of the world, be prepared for shock.  They said it in writing that, hey, be prepared for shock and when Iraq does a big move and other currencies are involved markets will be shocked to some degree...

Jeff  They're bringing the budget off the shelf...I told you the budget would stay on the shelf collecting dust until they're about ready to revalue.  From October 8th to now the budget did remain on the shelf collecting a whole bunch of dust.  What did I tell you about January?  I said January is a very critical month.  Keep your eyes on it...They are now talking about pulling the budget off the shelf and getting the budget schedules approved by parliament.  Thing are now finally preparing to happen and come forward because they're about ready to revalue the currency.

************

IQD: How Will Trump Affect the Iraqi Dinar?

Edu Matrix:  1-13-2025

IQD: How Will Trump Affect the Iraqi Dinar? –

In this video, we dive deep into the anticipated strategies of Trump’s administration regarding Iran-backed militias in Iraq. As economic tools become the weapon of choice, we explore how Iraqi leaders will navigate their complex relationship with Washington, especially in the wake of manipulative tactics aimed at ousting key officials.

With key appointments like Rep. Michael Waltz and Joel Rayburn, expect a hawkish approach targeting Iran’s influence and disrupting its financial channels.

 Will these bold moves stabilize the Iraqi Dinar and reshape regional dynamics? Join us as we unravel the implications of potential sanctions and the newly formed U.S. foreign policy team.

https://www.youtube.com/watch?v=EF2R2_9zDzw

Seeds of Wisdom RV and Economic Updates Monday Morning 1-13-25

Good Morning Dinar Recaps,

SEN. TED CRUZ: FIGHTING REGULATORY OVERREACH, CHAMPIONING BITCOIN

In an interview with Cointelegraph, US Senator Ted Cruz discusses Bitcoin’s role in driving small business growth, its potential as a hedge against inflation and why Texas is becoming a top crypto hub.

In an exclusive interview with Cointelegraph, US Senator Ted Cruz shared his vision for Bitcoin, the broader crypto industry and the future of his home state of Texas.

As a self-proclaimed Bitcoin miner, Cruz emphasized the potential of BTC to empower small businesses, drive innovation, and serve as a hedge against inflation.

Despite his optimism for the future of BTC and crypto mining, Cruz warned against hasty government regulations, stressing the need for Congress to better understand before overreaching with regulatory actions.

“Very few Members of Congress understand cryptocurrency, so I am urging my colleagues to proceed slowly and carefully with any regulations governing cryptocurrency,” he said.

Bitcoin’s impact on small businesses

Cruz said he is “bullish on Bitcoin,” praising its capacity to provide privacy, autonomy and independence from government control.

“Most congressional Democrats are deeply skeptical of Bitcoin,” he said. “They don’t like that it creates individual freedom, privacy, autonomy and independence from the government.”

With the incoming administration of US President-elect Donald Trump, Cruz predicted that “Republicans will unleash small businesses and cryptocurrency like never before.”

“I’m proud to lead the fight to defend cryptocurrency from overreaching government regulation. I introduced legislation to prohibit the development of a central bank digital currency and to clarify that the Federal Reserve has no authority to do so unilaterally.”

Texas as an oasis for Bitcoin

Cruz described Texas as “an oasis for Bitcoin” due to its abundant, low-cost energy and business-friendly environment. He said the state’s “frontier mentality” and low taxes have made it a magnet for Bitcoin mining firms and crypto enthusiasts.

“Cryptocurrency mining requires dependable, low-cost energy, and if Texas is known for anything, it is abundant low-cost energy,” Cruz said. “I am thrilled to see so many jobs coming to Texas, and we need to make sure that trend continues and accelerates,” he added.

Recent developments, such as Hive Digital relocating its headquarters to Texas and Marathon Digital acquiring a wind farm in the state, underscore Cruz’s sentiment.

Cruz told Cointelegraph that, to his knowledge, he is the only member of the Senate who is a BTC miner and has “three miners hashing in West Texas right now.”

“I have a weekly buy order to take advantage of dollar-cost averaging,” he said. “I’ve been investing for several years, over which time Bitcoin’s value has roughly tripled.”

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

INCOMING TREASURY TO SELL BITCOIN ETF HOLDINGS

According to a recent report by Bloomberg, hedge fund manager Scott Bessent, who was recently nominated to be the new Treasury secretary, will divest his Bitcoin ETF holdings. The billionaire American investor owns no more than $500,000 worth of shares of BlackRock's iShares Bitcoin Trust ETF (IBIT). Overall, Bessent has listed more than $500 billion worth of assets.

@ Newshounds News™

Read more:  U Today

~~~~~~~~~

RIPPLE CTO REVEALS COMPANY'S MEDIA STRATEGY ON XRP

Ripple CTO David Schwartz breaks silence on crypto company's approach to misinformation regarding XRP

Ripple's CTO David Schwartz recently shared some thoughts on the company's media strategy during its three-year legal battle with the Securities and Exchange Commission. 

The case ended with Ripple getting a partial victory, after they argued that XRP, the cryptocurrency associated with Ripple, should not be classed as a security. The court concluded that XRP is not a security, but the crypto company was fined for selling coins to institutional clients. 

This clarified the asset's status, which has big implications for both the San Francisco-based company and the wider crypto market.

Schwartz talked about the challenges Ripple faced in dealing with false information about XRP during the lawsuit. He admitted that the company couldn't do much to directly challenge the false stories about the cryptocurrency because of legal and strategic limits.

Instead, they relied on their community, also known as the "XRP Army," to spread the right message. But this meant that misinformation and speculation spread, which was not ideal.

Schwartz said that Ripple tried not to amplify unverified claims or people spreading misinformation on purpose, but he admitted that this approach might have had the opposite effect. He said that if they dealt with inaccuracies, they might accidentally give them more credibility or visibility, which would make it harder for Ripple to respond to the media.

Schwartz also talked about how Ripple tries to tell the difference between helpful contributions and baseless claims in the XRP community. While the company recognized the importance of fostering a positive narrative, it maintained caution in engaging with content or individuals that might harm its reputation or mislead the public. #XRP #XRP News #Ripple News

@ Newshounds News™

Source:  U Today

~~~~~~~~~

MASTERCARD INTRODUCES CRYPTO CREDENTIAL FOR SEAMLESS P2P TRANSACTIONS IN UAE, KAZAKHSTAN

▪️Mastercard has launched Crypto Credential in the UAE and Kazakhstan to simplify crypto transactions.

▪️The solution ensures secure transactions by verifying both the sender’s and recipient’s wallet compatibility.

Mastercard has launched its Crypto Credential solution, which will make it easier for people in the UAE and Kazakhstan to use cryptocurrencies. This launch enables the users to send and receive digital assets through easily memorable names instead of complicated blockchain addresses, making it easier to incorporate crypto.

Crypto Credential is one of Mastercard’s efforts to strengthen the security of digital asset transactions. Through cooperation with regulated exchanges like CoinMENA in the UAE, Fuze in Dubai, and ATAIX Eurasia in Kazakhstan, the solution is designed to enable the verification of transactions and ensure that both transacting parties have met certain verification standards. It also checks that the recipient’s wallet can accept the transferred asset.

It ensures that crypto users have a certain degree of confidence in the service, which checks the transaction details, including Travel Rule data and metadata sharing. Mastercard believes simplicity is key in crypto transactions to help boost trust among consumers and businesses.

“We are excited to see Mastercard embracing blockchain technology,” said Talal Tabba, CEO of CoinMENA. “Innovations like Crypto Credential are key to making digital assets more user-friendly, especially for those transitioning from traditional finance.”

How Mastercard Crypto Credential Works

The adoption of Crypto Credentials begins with the user’s validation in accordance with the Mastercard guidelines. After successful validation, users are given a unique alias that can be utilized on any supported exchange for transferring and receiving cryptocurrencies.

When a transfer is initiated, the system verifies if the recipient’s alias is active and if the wallet of the recipient supports the given digital asset. If not, the sender is informed, and the transaction is stopped to avoid the loss of the funds. This mechanism ensures security and ease of use since users are shielded from mistakes and deceit.

Initially, the pilot phase will cover only peer-to-peer transactions. Nevertheless, Mastercard plans to use Crypto Credentials in several services in the future. Some of the possible applications are Non-Fungible Tokens (NFTs), ticketing, and other new payment applications based on the market’s needs and legal frameworks.

A Broader Expansion Across Regions

Mastercard Crypto Credential is not only available in the UAE and Kazakhstan. It is part of a greater implementation strategy for the company’s commercialization plans in markets across North America, Europe, Latin America, and Asia-Pacific. This expansion enables the user to transfer digital assets not only within these regions but also across blockchains and types of assets.

The new initiative has garnered support from industry leaders. Arutyun Poghosyan, CEO of ATAIX Eurasia, expressed enthusiasm about the collaboration, stating, “We are incredibly excited to implement Mastercard’s Crypto Credential technology. This partnership strengthens our position in the crypto space.”

In addition to the Crypto Credential, Mastercard has also collaborated with JPMorgan to create innovative B2B cross-border payment flows. CNF has earlier covered that the partnership links Mastercard’s MTN and JPMorgan’s Kinexys Digital Payments and is beneficial for businesses, according to CNF. 

This partnership leverages a single API to streamline foreign transactions, and minimize the time that is usually lost in crossing borders and other barriers that have hitherto slowed down global trade.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

XRP BULLS IN ACTION? KOREAN EXCHANGE SEES STUNNING OUTFLOWS

Popular cryptocurrency XRP eyes mysterious $60 million whale activity on Korea's biggest exchange

A big XRP transfer from Upbit, South Korea's biggest crypto exchange, is causing some buzz about what it might mean for the popular cryptocurrency. Whale Alert tracked the withdrawal of 24 million XRP, worth about $60.63 million, from Upbit's wallet "rDxJNb" to an address that had not been recognized before, "r9n1JL."

 It is common for such a movement to be made between the big players in the cryptocurrency game, like Ripple or major exchanges like Binance, so it's possible this wallet could even belong to Upbit itself. But this is just guesswork, and we are still not sure who owns the address.

While it is tempting to think this is a sign that whales are building up their holdings, it's best not to jump to any conclusions just yet. Have to do some more digging and keep a close eye on things to see what is really going on.

@ Newshounds News™

Read more:  U Today

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Monday Morning 1-13-2025

TNT:

Tishwash:  Central Bank Renews Directive to Spread and Expand Financial Services and ATMs

The Central Bank of Iraq renewed, on Sunday, a directive to banks and non-banking financial institutions to spread and expand their financial services in areas that lack the presence of various services for bank card holders.

The Central Bank said in a statement received by "Al-Eqtisad News" that "the bank is working within its strategy to provide various services to bank cardholders, by expanding the spread of cash delivery outlets and through all available channels, including ATMs and POC cash payment devices, as well as authorized exchange companies, electronic payment company outlets, and POS electronic payment devices spread throughout Iraq."

The statement added, "The Central Bank confirms in its circulars that included directing banks and non-banking financial institutions to spread and expand their financial services in areas that lack the aforementioned services."

He continued, "The bank seeks to develop these services by establishing the latest infrastructure for financial products and services in Iraq, and improving them continuously," calling for "submitting inquiries and complaints, if any, through the following link: https://complaint.app.cbi.iq/."link

************

Tishwash:  Currency smuggling.. Central Bank punishes 10 Iraqi banks due to foreign transfer violations

MP Baqir Al-Saadi confirmed today, Sunday, that the Central Bank of Iraq issued penalties against ten Iraqi banks due to violations related to the foreign transfers file, which has become a direct threat to the local economy.

Al-Saadi said in a statement to Al-Maalouma Agency, “The file of smuggling hard currency outside Iraq is still a source of great concern, amidst multiple question marks about the mechanisms for implementing these operations, especially with the ongoing investigations into the commission of serious violations by exchange offices and banks in foreign transfers.”

He added that "the penalties issued by the Central Bank against 10 banks so far come within the framework of reducing violations related to foreign transfers, which are considered one of the most prominent methods used to smuggle currency out of the country."

Al-Saadi pointed out that “currency smuggling has serious effects on the local economy and causes an increase in financial crises in the country,” noting that “most of the transfers made for the purpose of smuggling go to one of the Gulf countries, which "Requires serious reconsideration and the implementation of strict measures to stop this ongoing bleeding."

The representative stressed that "the Iraqi Financial Institution is working seriously to address this problem by setting new criteria and re-evaluating the tools used in financial transactions, with the importance of revealing the results of the investigations to public opinion." link

************

Tishwash:  Government Advisor: ASYCUDA System is a Vital Tool for Developing Customs Work and Boosting International Trade

The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, reviewed today, Sunday, the importance of adopting the ASYCUDA system in customs administration, noting that it reduces delays at ports and boosts international trade.

Saleh told the Iraqi News Agency (INA): "ASYCUDA is a customs data management system developed by the United Nations Conference on Trade and Development (UNCTAD) since the eighties of the last century, as this system aims to simplify and accelerate customs and border crossing operations using modern digital technology, according to the generations of the system applied, including the second advanced generation that relies on cloud digital technology."

He added that "in line with the government program to enhance the efficiency of collecting non-oil revenues and make them no less than 20% of total revenues, the Ministry of Finance and government support agencies have taken the step of joint cooperation with the United Nations to develop customs control and collection systems and control the movement of imports and exports in accordance with the best digital measures in applying customs tariffs on incoming imports and conducting matches with countries of origin."

Saleh continued that "the General Authority of Customs and the Border Ports Authority completed the procedures for working with the ASYCUDA system last year and are progressing in the new year 2025, including providing high-quality digital infrastructure," noting that "the importance of implementing the ASYCUDA system is that it provides comprehensive automation of customs operations, such as data recording, fee assessment, customs clearance, and records management."

The Prime Minister's Advisor for Financial Affairs explained that "this system reduces delays at border crossings and increases efficiency, in addition to enhancing transparency and disclosure of traded materials, and most importantly, it reduces corruption by reducing direct human interaction and adopting a reliable electronic system for recording and processing data," noting that "the increase in customs revenues that occurred last year was due to ASYCUDA's role in improving the process of assessing customs duties and taxes, which ensures fair and accurate collection of revenues."

Saleh explained that "the system enhances international trade by reducing administrative obstacles and allowing for the acceleration of the clearance process, which encourages the growth of trade between countries, and helps support analysis and statistics, and even provides a comprehensive database on the movement of goods across borders, which supports decision-makers in setting economic and trade policies. As for improving border security, the ASYCUDA system allows for better tracking and inspection of shipments, which helps combat smuggling and illegal activities."

He stated that "the ASYCUDA system is a vital tool for developing customs work and achieving a balance between facilitating trade and protecting borders, which makes it a fundamental pillar of any modern customs system, as Iraq is among the group of Arab countries that apply this system in an integrated manner in ports, airports and land borders, including Jordan, the Emirates, Saudi Arabia and Egypt." link

************

Mot: .. Warning them Young fur Sure!!! 

Mot: .... Frustrating When This Happens  

News, Rumors and Opinions Sunday PM 1-12-2025

TNT:

Tishwash:  Kurdish MP: Postponing today's session is a shock to MPs, and the parliament presidency bears responsibility

The representative of the Kurdistan Democratic Party, Jiay Timur, expressed his dissatisfaction with the performance of the current parliamentary session, while describing the lack of quorum and the adjournment of the session before it began as a “shock” to the representatives.

Timur told {Euphrates News} that: "The lack of quorum and the adjournment of the session before it started was a shock to the MPs, and there were 154 MPs in attendance in today's session."

He stressed that "announcing sessions without holding them due to the absence of MPs has become a recurring phenomenon," holding the parliament presidency "responsible for this delay."
Timur stressed "the need to pressure MPs to attend in order to legislate laws that affect the lives of citizens."

He pointed out that "the disagreements over some laws are because they concern certain segments or components and not others," explaining that "the agenda of today's session included seven non-controversial paragraphs, and it was expected that the session would be held without problems." link

*************

Tishwash:  The Central Bank is working to provide various services to bank card holders.

The Central Bank of Iraq works within its strategy to provide various services to bank cardholders, by expanding the spread of cash delivery outlets and through all available channels, including ATMs and POC cash payment devices, as well as authorized exchange companies, electronic payment company outlets, and POS electronic payment devices spread throughout Iraq.

The Central Bank confirms in its circulars that included directing banks and non-banking financial institutions to spread and expand their financial services in areas that lack the aforementioned services.

While the bank seeks to develop these services by establishing the latest infrastructure for financial products and services in Iraq, and improving them continuously.

The Central Bank invites you to submit inquiries and complaints, if any, through the following link:  https://complaint.app.cbi.iq/

Central Bank of Iraq 
Media Office  January 12, 2025  link

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  We've been spot on talking about the dollar auctions going to cease and sure enough they have.  I'm thankful that has happened because I know what I own and I'm looking forward to it just like everybody else.

Frank26  Last week I followed [the parallel black market rate]...On Sunday it was 1310, on Monday it was 1275, on Tuesday it was 1170, Wednesday it was 1160.  IMO Sudani is looking for the black market to reach 1,000.  When he does, IMO, the game is on.  That is the next step ladies and gentlemen.  They are watching the illegal black market...the value of the dollar is dropping, thank you CBI for stopping the auctions...We're getting close to the next step.

************

MARKETS A LOOK AHEAD: ON THE EDGE OF A WORLD DEBT MARKET IMPLOSION.

Greg Mannarino:  1-12-2024

https://www.youtube.com/watch?v=WHe0MNAc_Yk

ADDICTED TO SPENDING: How America’s Debt Addiction Is Triggering Collapse

Taylor Kenny:  1-12-2025

The U.S. economy is on a collision course with hyperinflation and a currency reset as reckless government spending spirals out of control. Discover why stagflation and hyperinflation are inevitable, what history teaches us about economic collapse, and how you can safeguard your wealth. Learn why physical assets like gold and silver are your best defense against the coming crisis.

https://www.youtube.com/watch?v=Y_G74U4fVu4

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 1-12-25

Good Afternoon Dinar Recaps,

KENYA PREPARES TO LEGALIZE CRYPTOCURRENCIES: REPORT

Kenya's Treasury Secretary unveils plans to legalize cryptocurrencies, introducing regulations to harness blockchain potential while tackling money laundering and fraud risks.

Kenya is set to introduce legislation to legalize cryptocurrencies, marking a policy shift, according to a local report quoting Treasury Cabinet Secretary John Mbadi.

Speaking on Friday, Mbadi outlined the government’s plans to create a regulatory framework for cryptocurrencies, an industry that has operated in the shadows despite an official ban.

“Kenya’s financial sector is a beacon of innovation and growth in Africa,” Mbadi stated. “The emergence and growth of Virtual Assets and Virtual Asset Service Providers have given rise to innovations in the local and international financial system with dynamic opportunities and challenges.”

While recognizing the risks associated with cryptocurrencies, such as money laundering, terrorism financing, and fraud, Mbadi emphasized that a legal framework would allow Kenya see the benefits of the crypto market while mitigating its dangers.

“The Government of Kenya is committed to creating the necessary legal and regulatory framework in order to leverage opportunities presented by VAs and VASPs while managing the resultant risks,” he added.

IMF Urges Kenya to Establish Clear Crypto Regulations

The proposed policy seeks to establish a fair and competitive crypto market and improve financial literacy across the country.

This initiative aligns with recent calls from the International Monetary Fund (IMF), which urged Kenya to develop regulations to address consumer protection and financial crime concerns related to cryptocurrencies.

In a technical assistance report released on January 8, the IMF outlined shortcomings in Kenya’s current regulatory approach to crypto assets.

Outdated frameworks have struggled to address the rise in crypto-related scams and illicit activities, leaving consumers vulnerable to financial risks.

With Kenya joining the growing list of African nations embracing cryptocurrency, this regulatory shift could position the country as a regional hub for blockchain innovation while addressing systemic risks.

@ Newshounds News™

Source:  CryptoNews

~~~~~~~~~

SINGAPORE LABELS POLYMARKET ILLEGAL GAMBLING, RESTRICTS SITE ACCESS

▪️Singapore blocks Polymarket, citing unlicensed gambling.

▪️Polymarket faces a ban in France and CFTC subpoena in the US.

Singapore has officially blocked Polymarket, a crypto-based betting platform, citing its unlicensed status in the country.

Warning Notice

Visitors to the site are greeted with a warning from the Gambling Regulatory Authority, labelling it an illegal gambling operation.

The notice warns that gambling on unlicensed platforms may result in fines, jail time, or both.

The block falls under the Gambling Control Act 2022, which mandates that all gambling operators targeting Singaporean residents obtain proper licensing.

Singapore currently restricts online gambling to state-approved operators like Singapore Pools, the country’s sole licensed provider.

Polymarket, known for hosting high-stakes prediction markets on events like the US presidential election, is also encountering resistance in Europe.

In France, the country’s gambling regulator, ANJ, blocked access to the platform in November.

According to The Big Whale, a French crypto news outlet, the ANJ considers Polymarket a form of illegal betting.

A source close to the regulator claimed, “This is not legal in France,” as officials examine its compliance with local gambling laws.

Meanwhile, in the United States, the platform is under fire from the CFTC, which has proposed stricter rules on prediction markets.

On Thursday it was revealed that Coinbase notified customers it received a subpoena from the CFTC seeking account information tied to Polymarket.

@ Newshounds News™

Source:  DL News

~~~~~~~~~

'LIVE FREE OR DIE': NEW HAMPSHIRE THE LATEST STATE TO CONSIDER BITCOIN RESERVE BILL

New Hampshire Rep. Keith Ammon proposed a bill to enable a Bitcoin treasury reserve, which he framed as a matter of state sovereignty.

New Hampshire Rep. Keith Ammon (R) proposed a bill Friday that would enable the state’s Treasury to invest a portion of public funds into digital assets and precious metals.

Not only would the move insulate the Granite State from the threat of runaway inflation, but it would also dovetail with some of New Hampshire’s cultural values, Ammon told Decrypt.

“The ethos in New Hampshire is ‘Live Free or Die’—leave me alone, and don’t burden me with too many regulations,” he said. “We’re tied to the U.S. dollar, whether we like it or not, but this would allow us to have the state invest a small portion into this uncorrelated, new asset class.”

 Newshounds News™

Read more:  Decrypt

~~~~~~~~~

RIPPLE AND MOONPAY PLEDGE $50,000 IN RLUSD TO LAFD FOUNDATION FOR CALIFORNIA WILDFIRE RELIEF

▪️Wildfires in California have reportedly destroyed about 12,000 structures leading to over 11 fatalities, with containment still a challenge.

▪️Ripple and MoonPay donated $50,000 worth of RLUSD to the Los Angeles Fire Department Foundation, supporting first responders amid the crisis.

@ Newshounds News™

Read more:  Crypto News Flash

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

The Center of the Next Meltdown

The Center of the Next Meltdown

Liberty and Finance:  1-11-2025

The stability of the American banking system is under increasing scrutiny, with experts like Todd “Bubba” Horwitz raising serious alarms.

During a recent discussion with Liberty and Finance, Horwitz expressed profound concerns about the precarious state of banks, particularly their alarming levels of leverage, suggesting we could be nearing another financial crisis.

Horwitz’s analysis paints a picture of a banking sector excessively reliant on the Federal Reserve’s monetary policy. He argues that banks have become acutely dependent on low interest rates and the Fed’s interventions, creating a fragile system.

While recent interest rate hikes have temporarily boosted bank profits, Horwitz believes this is merely a delay tactic, masking the underlying problems and increasing the eventual shock that is coming.

His core concern stems from the massive amounts of debt held by individuals and businesses. Horwitz anticipates that when credit card bills and loan payments come due, defaults will skyrocket, exposing the vulnerability of banks that are heavily invested in these debt instruments. This scenario, he believes, is a recipe for disaster.

“The banks have been benefiting from the rate hikes, but it’s just pushed the can down the road,” Horwitz warned. “When that debt starts to come due, we’re going to see the cracks appear, and the walls come down.”

He asserts that the overleveraged nature of the banking system makes it a likely catalyst for a future market meltdown. He fears it won’t be a gradual downturn, but a sudden and potentially catastrophic event emanating from the financial sector’s instability.

The specter of another financial crisis echoes the 2008 recession, where taxpayers were forced to bail out failing financial institutions. Horwitz suggests that history is poised to repeat itself, with the American public once again facing the burden of rescuing reckless banks.

This potential bailout would have far-reaching consequences, further eroding public trust and potentially leading to more economic hardship for the middle class.

The implications of such a crisis extend far beyond Wall Street. Horwitz emphasizes that the banking sector’s instability could send shockwaves throughout the broader economy. Businesses could face difficulties accessing credit, consumer spending might shrink, and job losses could climb, all contributing to a significant economic downturn.

However, amidst these dire predictions, Horwitz offers a crucial piece of advice: don’t panic. He suggests that individuals take proactive steps to protect their financial well-being. He advocates hedging portfolios with assets that tend to perform well during economic uncertainty.

This might include precious metals, specific commodities, or other investments that can act as a buffer against market volatility. The goal, according to Horwitz, isn’t to fear the storm but to be prepared for it.

In conclusion, Todd “Bubba” Horwitz’s analysis presents a stark warning about the fragility of the current banking system. His concerns about overleveraging and the potential for a bank-led crisis underscore the need for vigilance and prudent financial planning.

While the future remains uncertain, Horwitz’s message is clear: the time to act is now, before the potential storm hits. He urges individuals to avoid panic, assess their risk, and take steps to safeguard their financial futures. The potential consequences of neglecting these warnings could be significant, particularly for the middle class and the overall health of the American economy.

https://youtu.be/0q_Mc29Mxg8

Seeds of Wisdom RV and Economic Updates Sunday Morning 1-12-25

Good Morning Dinar Recaps,

BRICS PAY: IS 2025 NOW OR NEVER FOR ALLIANCE PAYMENT SYSTEM?
Despite the project first being announced as part of the 2024 summit, BRICS Pay has failed to make a significant impact as 2025 arrives. With the economic alliance continuing its de-dollarization efforts and US President-elect Donald Trump issuing a start 100% tariff warning, it appears like it may be now or never for the payment system.

For the past two years, the bloc has sought alternative payment methods to help defend against Western economic dominance and imposed sanctions. 

Although BRICS has made some progress, it certainly has not been able to challenge the US dollar in any significant way. Now, all eyes are on the importance of 2025 for one of its most important economic plans.

BRICS Pay Faces Critical Year Amid Rising Geopolitical Turmoil

For the last two years, the BRICS bloc has mobilized in a way that has sent ripples through the globe. First formed in 2001, the bloc expanded for the first time in 2023. Now, two years later, it has already doubled its member count while welcoming a secondary tier of partner nations.

However, although its presence has grown, so too have its challengers. With the incoming presidential administration not content to allow the bloc to grow unchecked, the BRICS Pay platform and the group’s de-dollarization efforts look like they’re now or never entering 2025.

US President-elect Donald Trump has recently issued 100% tariff threats on the BRICS alliance specifically. This has greatly affected the bloc and its growth prospects.

 Although the previous administration allowed its efforts to go unchecked, nations seeking to join the group must now grapple with concerns regarding Western retaliation.

Moreover, for all that BRICS has attempted over the last year, the US dollar remains unchallenged. More importantly, it has emerged stronger compared to a plethora of alliance currencies. The greenback has appreciated more than 5% since the start of the year, with the Chinese yuan and Indian rupee falling significantly since the start of the year.

Ultimately, the BRICS Pay platform was the alliance’s “step towards a multipolar global economy,” Ramesh Vaidyanathan of the IBA Asia Pacific Regional Forum said. “It could also increase competition between the Western and Eastern economic models, with long-term geopolitical implications,” he warned.

Altogether, BRICS Pay has thus far failed to live up to expectations. With Donald Trump eager to protect the greenback, its road to de-dollarization looks more treacherous than ever. It is now or never for the alliance payment system, indeed.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

RIPPLE’S $100,000,000 RLUSD MILESTONE SIGNALS STRONG 2025 OUTLOOK FOR XRP

▪️Ripple's RLUSD stablecoin sees $100M+ daily volume, aiming to dominate DeFi and global payments in 2025.

▪️Ripple's liquidity-driven RLUSD strategy focuses on DeFi, tokenization, and partnerships for rapid adoption.

Ripple has launched its new stablecoin, RLUSD, which is already seeing impressive trading volumes of over $100 million daily. Many are curious about how this move will impact XRP, and here’s what Austin, a former Ripple employee and co-founder of Omni Network, shared about Ripple’s strategy moving forward.

“Liquidity is a flywheel. The more trading activity an asset has, the more incentivized other exchanges will be to integrate that asset. This idea is foundational to every initiative driven by Ripple. How are they applying this concept to their $RLUSD strategy?”, he wrote on social media.

Ripple’s RLUSD Strategy Revealed

Austin King, who previously worked closely with Ripple’s co-founder David Schwartz shared details on Ripple’s approach to RLUSD.

According to him, Ripple’s strategy is focused on driving adoption of RLUSD using a liquidity-driven model. The more trading activity RLUSD generates, the more exchanges and traditional finance companies will be incentivized to integrate it.

Key Pillars of Ripple’s RLUSD Strategy

Liquidity Hub and Tokenization: Ripple aims to make RLUSD the go-to asset for real-world asset tokenization and liquidity. This will be critical for onboarding traditional finance companies, positioning RLUSD as a central hub in the financial ecosystem.

DeFi Dominance: Ripple plans to integrate RLUSD into decentralized finance (DeFi) protocols, including lending platforms, decentralized exchanges, and derivatives. The recent partnership with Chainlink to bring RLUSD to Ethereum-based DeFi protocols marks a significant step in this direction.

Leveraging Existing Partnerships: Ripple has a strong network of banks and fintechs through RippleNet. This existing infrastructure will be used to drive RLUSD adoption, making it easier for Ripple to introduce the stablecoin to its partners.

Austin believes that 2025 is set to be a huge growth year for Ripple and RLUSD, with stablecoins playing a central role in global payments.

FAQs

What is Ripple’s RLUSD stablecoin?
Ripple’s RLUSD is a stablecoin focused on liquidity-driven adoption, aiming to integrate into DeFi and traditional finance for tokenization.

Will RLUSD use XRP?
RLUSD may leverage XRP’s liquidity and Ripple’s infrastructure, enhancing cross-border payments and driving adoption through RippleNet.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

NORTH DAKOTA EYES CRYPTO FOR TREASURY: COULD BITCOIN BE INCLUDED?

▪️North Dakota joins New Hampshire in exploring crypto investments for state reserves, aiming to diversify assets and combat inflation.

▪️Bitcoin’s market dominance positions it as a prime candidate, while tech-neutral policies reduce political resistance in crypto legislation.

@ Newshounds News™

Read more:  Crypto News Flash 

~~~~~~~~~

OKLAHOMA SENATOR PUSHES BITCOIN FREEDOM ACT FOR BTC PAYMENTS

▪️Oklahoma passed the Bitcoin Freedom Act, which permits state employees, businesses, and residents to make or receive payments in Bitcoin.

▪️The bill also provides for the voluntary acceptance of Bitcoin payments and some exemptions for digital asset companies from licensing.

@ Newshounds News™

Read more:  Crypto News Flash

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

“Bits and Pieces” in Dinarland Sunday AM 1-12-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 12 Jan. 2025

Compiled Sun. 12 Jan. 2025 12:01 am EST by Judy Byington

Judy Note:  Get Ready For Ten Days of Communication Darkness. The power to the entire World will switch off briefly to install our new Starlink Satellite Internet. Shutdowns will occur, but only in certain areas. Banks will close. ATMs and Credit Cards will stop working. Have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency. If you’re unprepared, don’t worry. The Military will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of Freedom and Justice.

~~~~~~~~~~~~~

Possible Timing:

On Wed. 15 Jan 2025 a 48-Hour Communication Blackout  (allegedly) will begin. There will be GCR GESARA Worldwide Wealth Redistribution while the depth of corruption will be revealed.

Three days later on Inauguration Day Mon. 20 Jan. 2025 ten days of Communication Darkness will (allegedly) begin. The new Star Link Satellite System will(allegedly)  show documentaries 24/7 to inform the public about the fall of the Cabal and it’s fiat US Dollar, independence for all 209 nations participating in the Global Currency Reset and the availability of(allegedly)  long hidden technologies including Med Beds.

On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will officially (allegedly) commence, directly benefiting millions and marking the start of real community rebuilding efforts.

Global Financial Crisis:

Fri. 10 Jan. 2025: Breaking! The BRICS Alliance, NESARA GESARA and Quantum Financial System (QFS): The Deep State’s Greatest Fear Realized! – amg-news.com – American Media Group

Fri. 10 Jan. 2025: Breaking News: Ultimate QFS Security Guide – Protect Your Account with Quantum Encryption, Biometric Verification, UBI Insights, Age Policies & More! – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2025/01/12/restored-republic-via-a-gcr-update-as-of-january-12-2025/

**************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  The 2023, 2024, 2025 budget amendment looks to be on the table.  It was supposed to be read on Monday, it looks like it's slated for Sunday.  So powerful weekend...It looks pretty promising it really does.  

Walkingstick  [Iraqi bank friend Aki update]  AKI:  We are just sitting here waiting for the introduction of the new exchange rate that will come from the '25 budget.  We wait for the budget laws that will expose the budget and its components and the new rate...

Frank26  It used to be they would steal the money...through the auctions but now there is no more auctions.  The cash cow is dead and the security and stability is blossoming inside of Iraq because of the efforts of Sudani, and the United States Treasury...The black market was another powerful weapon they used to manipulate the exchange rate of the Iraqi currency...The black market rate is dropping.  It is dying...The black market does not feed the evil people anymore...

************

President of the Republic of Iraq finance

Nader:  1-12-2025

https://www.youtube.com/watch?v=ZMmH7lxFwkA

UK’s Assets Crash Just Sent a Massive Warning to the World - What It Means

Sean Foo: 1-11-2025

The UK is suffering from yet another historic bond market sell-off and a currency collapse. This is a result of the US dollar wrecking ball. But that doesn't mean the US economy is off the hook. The system is about to also wreck the US stock market as well as its hegemony in geopolitics.

Timestamps & Chapters:

0:00 UK Assets In Major Crisis

 3:03 Debt Collapse Hits Economy

 6:05 Global Market Sell-Off Begins

8:55 World Will Move Way From U.S.

 11:50 Expect Zero Rate Cuts In 2025

https://www.youtube.com/watch?v=12Xg5s54U4E

“Tidbits From TNT” Sunday Morning 1-12-2025

TNT:

Tishwash:  Economist: The Central Bank’s policy is moving towards globalizing Iraqi banks

Economic expert "Safwan Qusay" confirmed that the Central Bank's policy is moving towards globalizing Iraqi banks, while stressing that it will contribute to raising the status of these banks globally.

Qusay said in an interview: "The Central Bank's policy is moving towards consolidating the issue of globalizing Iraqi banks, and the process of ending dealings with the electronic platform will contribute to accepting local banks that have the ability to provide guarantees and international compliance conditions with international correspondent banks."

He added that "these correspondent banks can carry out the process of changing the Iraqi dinar to any global currency immediately, and for more than a million banks around the world, and there is a possibility to develop the performance of other banks in order to succeed in the international acceptance process, and there is still a possibility to import capital from different countries of the world and re-inject it into the local environment in the form of grants in different investment portfolios, and thus the possibility of achieving the goals of the Central Bank in the matter of development."

He pointed out that "the Central Bank will move from the issue of accepting local banks internationally to the issue of participating in the development process, and this will certainly contribute to achieving part of the government program's goals in employing the unemployed, and in forming productive Iraqi capital, especially since a portion of Iraqis own Iraqi dinars outside the banking system, and whenever we start the issue of convincing them to trust Iraqi banks, we will have new doors to operate this monetary mass."

He stressed that this step will contribute to raising the status of Iraqi banks globally, "meaning that they will succeed in the process of having a name in international financial transfer operations, and gradually confidence between banks will be strengthened, and there is what is called credit cover between Iraqi banks and international banks, and the level of confidence will be reflected in the credit cover."

He pointed out, "Whenever there are transfers and coverage at acceptable credit levels, this level may rise so that we succeed in the process of having Iraqi banks that are accepted internationally - and this is a step that does not exist - as Iraqi banks, especially public ones such as Rafidain and Rashid, have withdrawn from international financial transfers since the eighties of the last century."

Pointing out that "rehabilitating these banks, especially TPI Bank, can contribute to our having international acceptance for international correspondents for these banks." link

************

Tishwash:  2025 budget is on the verge of legislation, and delaying the schedules will not stop the decision

Jamal Kojer, a member of the Finance Committee in Parliament, confirmed today, Saturday, that the 2025 budget schedules have not reached Parliament yet, but he stressed that the budget will be legislated during the current legislative session.

Kocher explained in a statement to {Euphrates News} that "the delay in the arrival of the tables will not affect the course of the budget legislation, indicating that the next legislative session will be quieter due to the preoccupation of the representatives with the elections, which will reduce their attendance at the sessions."

It is noteworthy that the financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in a press statement that Article 77/Second of the Federal General Budget Law No. 13 of 2023, which regulates the preparation of the three-year budget, stipulates that the government sends the budget tables for the years 2024 and 2025 to the House of Representatives for approval before the end of the previous fiscal year.

He added that the Ministry of Finance has announced that it is in the process of preparing the general budget schedules for the year 2025, in accordance with the constitutional mechanisms adopted by the aforementioned Triennial Budget Law.

Saleh noted that the federal general budget tables for the year 2025 will be based on the constants of Federal Budget Law No. 13 of 2024, taking into account international and regional economic conditions and their changes, in a way that ensures that the provisions of the budget tables for the year 2025 are adapted within the available legal texts, in addition to relying on the performance of the indicators of the general budget tables for the year 2024. link

************

Tishwash:  Salaries are secured and a committee is following up on Kurdistan’s dues.. Details of hosting Taif Sami in Parliament

On Saturday, January 11, 2025, the head of the Finance Committee, Atwan Al-Atwani, revealed the details of hosting the Minister of Finance, Taif Sami, within the committee, while indicating that the minister confirmed securing the salaries of employees during 2025 .

Al-Atwani said in a press statement followed by the "Al-Jabal" platform, "Minister of Finance Taif Sami confirmed during her hosting within the Parliamentary Finance Committee that employees' salaries are secured through 2025."

He added, "We have formed a subcommittee to follow up on the Kurdistan Region's dues for the years 2024-2025," adding, "The committee will submit its report in the next Monday's session regarding amending Article 12 / Second / Paragraph C of the General Budget Law."

Earlier today, the Iraqi Parliament's Finance Committee held a meeting, hosting Iraqi Finance Minister Taif Sami, to discuss the issue of amending the country's general budget law and securing employees' salaries.

A source from within the parliamentary finance committee previously told Al-Jebel platform that “this meeting (with the Minister of Finance) was supposed to be held before the legislative recess, but the travel of senior officials from the Iraqi Ministry of Finance prevented that,” adding that “the finance committee will collect all information related to the subject during the meeting to later submit it to the Speaker of Parliament.” 

The Parliamentary Committee hosted the Minister at the Parliament headquarters to discuss with her the issue of amending the General Budget Law, which the Parliament is scheduled to conduct its first reading of next Monday, and securing the salaries of public sector employees for the year 2025.

The Iraqi Parliament is scheduled to hold a session on Monday, January 13, to discuss and read a set of proposed draft laws, including an amendment to the provisions of Iraq’s General Budget Law No. 13 of 2023.

The aforementioned amendment is related to the resumption of oil exports from the Kurdistan Region abroad.

Member of the Parliamentary Oil and Gas Committee, Sabah Subhi Haider, had previously stated to the Mountain Platform, “We conducted the first reading of the amendment and all that remains is the second reading and voting on it. All expectations are moving towards an agreement, and there is a political agreement as well as an international and regional agreement on the necessity of re-exporting Kurdistan’s oil at a rate of 400,000 barrels per day.”

He added, "The order to resume oil exports from the Kurdistan Region is still in place, through amending (Article 12, Paragraph/Second C) in General Budget Law No. 13 of 2023."

Oil exports from the Kurdistan Region to abroad via the Turkish port of Ceyhan were halted in March 2023, after the International Court of Arbitration in Paris issued a decision to adjudicate a lawsuit filed by Iraq against Turkey regarding (the illegality of exporting Iraqi oil from the port of Ceyhan without coordination with the Iraqi SOMO Company). According to official statements by officials, the losses of Iraq and the Kurdistan Region from stopping the export process exceeded $20 billion since last year. link

 ************

Mot:  Legends Say that Hummingbirds ----

Mot: . I Figured It Out!!! 

More News, Rumors and Opinions Saturday PM 1-11-2025

KTFA:

Clare:  Parliamentary Finance hosts Taif Sami to discuss 2025 budget schedules and salary insurance

1/22/2025  Baghdad

Today, Saturday, the Parliamentary Finance Committee hosted the Minister of Finance, Taif Sami.

An informed source said, "The meeting will discuss the 2025 budget schedules and securing salaries."

He added, "The meeting will also discuss Article 12 of the 2025 Budget Law Amendment, which relates to resuming the export of Kurdistan Region oil and preparing the final draft of the amendment." LINK

************

Clare:  The House of Representatives discusses amending the Unified Retirement Law and the General Budget

1/11/2025

The Iraqi Council of Representatives is scheduled to resume its sessions tomorrow, Sunday, and the first reading of the draft amendment to the Federal Budget Law is on the agenda, as it proposes extending the retirement age for public sector employees to 63 years.

In this regard, Dr. Narmin Marouf, a member of the Parliamentary Finance Committee, said: “The first session of the first legislative term of the new year will be held on Sunday, as the agenda includes the first reading of the draft law amending the General Retirement Law No. 9 of 2014.”

Dr. Narmin Marouf added: “The main article to be amended in the law is Article 5 related to the retirement age, as the amendment proposes returning the retirement age for public sector employees to 63 years, as it was before the legislation of the aforementioned law, which reduced the retirement age to 60 years.”

The Council of Representatives is scheduled to hold another session on Monday 13/10, and its agenda includes 10 paragraphs, the most important of which is the second reading of the draft amendment to the Federal General Budget Law.

The amendment relates to Article 12 of the Federal Budget Law of the Republic of Iraq for the fiscal years (2023-2024-2025) No. 13 of 2023, and this article concerns the export of oil extracted from the Kurdistan Region through the Iraqi Oil Marketing Company (SOMO).

On 11/7/2024, the Presidency of the Iraqi Council of Representatives decided to extend its legislative term for 30 days, starting from November 9.  LINK

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  Parliament just announced the next session will include amending the budget.  It's on TV now...Sudani wanted this done by the 6th, no later than the 7th and now they're come out 3 days later saying okay, okay okay we're going to do it.  TV keeps going over the parliament plans on amending the investment budget in the next two sessions that are coming... FRANK:  If they truly do anything with the budge it will be exposing the new exchange rate.

Militia Man  Article "Explains the new mechanism for external transfers after the platform is closed"  Here again we're learning they've changed the dollar auctions to the new reinforcement mechanism ...That's why you're hearing people squeaking pretty loudly about pricing going up on the streets because they can't get the dollar...

************

Iraq's GDP to Increase Why This Matters for IQD Rate

Edu Matrix:  1-9-2025

Iraq's GDP to Increase Why This Matters for IQD Rate - Iraq is set to embark on a transformative $17 billion project to construct a rail line and motorway to Turkey, generating a promising 20,000 jobs for its citizens!

This development signals a bright future for IQD investors. Dive into the application of Okun's Law, revealing the crucial link between GDP and unemployment rates.

Explore Iraq's ambitious infrastructure projects, including the Central Bank Tower and Grand Al-Faw Port, recognized as top mega projects for 2025 by The B1M.

Meanwhile, BRICS is expanding with nine new partners, now representing half of the global population and a significant portion of the economy. Discover the implications of these shifts, including internal conflicts regarding a common currency.

https://www.youtube.com/watch?v=M2bPmjxogj8

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 1-11-25

Good Afternoon Dinar Recaps,

RIPPLE'S RLUSD EXPANSION PLANS UNVEILED FOR MAJOR EXCHANGES, INCLUDING COINBASE LISTING STRATEGY

Ripple’s newly launched U.S. dollar-pegged stablecoin, RLUSD, is gaining momentum following its debut on Ethereum and the XRP Ledger last month.

Approved by the New York State Department of Financial Services (NYDFS), RLUSD has already been listed on Bitstamp, and Ripple is now in discussions with major exchanges like Coinbase to broaden its availability.  

Jack McDonald, Ripple’s Senior Vice President of Stablecoins, outlined the technical and strategic challenges of exchange listings during an interview. 

“It’s not just a handshake agreement,” he explained, emphasizing the need for exchanges to adapt to different blockchain protocols. Ripple’s CTO, David Schwartz, hinted at eventual expansion to additional networks, further increasing the stablecoin’s reach.  

Challenges in securing listings with major exchanges

Despite Ripple’s approval from NYDFS providing a regulatory edge, McDonald acknowledged the complexities of securing support from major exchanges like Coinbase and Binance, which often maintain exclusivity with certain stablecoins.

For instance, Coinbase’s close partnership with Circle’s USDC presents challenges, though McDonald believes Coinbase might gradually diversify its stablecoin offerings.  

Volume and demand are also critical factors. Exchanges assess the cost-benefit of listing new assets, considering both technical integration and the ongoing support required. “They want to make sure that there is demand for it,” McDonald noted.  

Looking ahead, McDonald predicts that institutional-backed issuers with strong compliance frameworks will dominate the stablecoin market. Smaller players may struggle to meet regulatory costs, leading to a consolidation of market share among established names. Liquidity, regulatory approval, and institutional relationships are likely to play pivotal roles in determining market leaders.  

Ripple’s focus on robust compliance and institutional support positions RLUSD as a key player in this evolving landscape, with further listings expected to drive adoption in 2025.  

In addition, Ripple collaborates with Chainlink to improve RLUSD adoption

@ Newshounds News™

Source:  Traders Union

~~~~~~~~~

XRP LEGAL BATTLE BEGINS ON WEDNESDAY

The SEC, the US Securities and Exchange Commission, has until January 15, 2025, to submit its initial brief on the Ripple case. The court had previously decided that XRP was not a security in and of itself when the appeal was filed.

The financial watchdog contesting some of the ruling’s findings, including how Ripple’s XRP sales on cryptocurrency exchanges and the private XRP sales of Chris Larsen and Brad Garlinghouse, two of the company’s executives, should be categorized. The upcoming brief will most likely revolve around those arguments.

SEC chair Gensler, who has spearheaded the agency’s vigorous targeting of the cryptocurrency sector, will resign on January 20. Donald Trump, the president-elect, will take office on the 20th.

Gary Gensler will be replaced as SEC Chair by Paul Atkins, suggesting possible adjustments to the agency’s stance on crypto regulation. The case may likely be resolved given Gensler’s departure.

Media reports predict that the SEC may cut back on or drop some crypto lawsuits. The SEC may instead prefer settlements, also known as “consent decrees,” which provide industry clarity and permit negotiated resolutions.

These settlements may help the industry meet regulatory requirements without completely abandoning cases by encouraging the SEC to create more precise guidelines and regulations.

Brad Garlinghouse, the CEO of Ripple, voiced optimism, pointing out that Atkins could “bring common sense back to the agency.” “XRP may solidify its non-security status and possibly start a bullish price trend if the SEC withdraws its appeal as a result of this leadership change.

@ Newshounds News™

Source:  FX Leaders

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

FED Pivot Is DEAD: NO Interest Rate Cuts in 2025 as Economy Adds 256,000, Exceeding Expectations

FED Pivot Is DEAD: NO Interest Rate Cuts in 2025 as Economy Adds 256,000, Exceeding Expectations

Lena Petrova:  1-11-2025

The much-anticipated “pivot” by the Federal Reserve – the shift from aggressive interest rate hikes to potential cuts – appears to be firmly off the table, at least for 2025.

This conclusion comes hot on the heels of a robust jobs report that far exceeded expectations, adding 256,000 jobs to the U.S. economy. The data paints a picture of a labor market that remains surprisingly resilient, potentially dashing hopes for a change in monetary policy aimed at easing the pain of high borrowing costs.

For months, investors and economists have been parsing every piece of economic data, searching for signs that the Fed would soon begin to lower interest rates. The logic was straightforward: inflation had begun to cool, and the cumulative effect of prior rate hikes would eventually lead to a slowdown in economic activity, prompting the central bank to ease its grip. However, the latest employment figures throw a significant wrench into these expectations.

The unexpectedly strong job growth isn’t just a number; it’s a signal that the economy is still running hot. With more people employed, the potential for increased consumer spending and continued inflationary pressures remains very real. This puts the Federal Reserve in a precarious position.

 Their primary mandate is to ensure price stability and promote maximum employment. While employment is clearly strong, inflation, while lower than its peak, is still above the Fed’s target of 2%.

The Federal Reserve’s next move will largely depend on upcoming inflation data. If inflation remains stubbornly high despite the strong jobs market, the Fed will likely maintain its current stance. However, a noticeable cooling in inflation could still open the door for rate cuts, albeit later than previously anticipated.

The focus now shifts to subsequent economic reports.

As the Fed continues to monitor the economic landscape, investors and analysts will be closely scrutinizing inflation data, consumer spending figures, and any further shifts in the labor market. The narrative of a quick pivot, it appears, has been replaced by a more cautious and data-dependent approach.

While the strong employment numbers are a positive sign for the labor force, they present a new challenge for the Federal Reserve in their fight to curb inflation. The economic path forward remains uncertain, but one thing is now clear: the prospect of interest rate cuts in 2025 is far from guaranteed.

https://www.youtube.com/watch?v=iwBGFL8tRSg

News, Rumors and Opinions Saturday 1-11-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 11 Jan. 2025

Compiled Sat. 11 Jan. 2025 12:01 am EST by Judy Byington

Global Financial Crisis:

Fri. 10 Jan. 2025: Rep. Buddy Carter has just introduced a bill to abolish the IRS and the Federal Income Tax.

Fri. 10 Jan. 2025: Major department store is closing 27 locations across 14 states. A major US retailer announced Thursday that it will be shutting down 27 locations across 14 states this year. Of those locations, 10 are located in California.  https://www.msn.com/en-us/money/companies/major-department-store-is-closing-27-locations-across-14-states/ss-BB1rdQ59

Read full post here:  https://dinarchronicles.com/2025/01/11/restored-republic-via-a-gcr-update-as-of-january-11-2025/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   Question:  "What do you think Iraq's time to allow international to exchange our notes?  That's their prerogative.  Normally when something like this happens the IMF works with that central bank of that country and they figure out a time frame.  It can be three months...six months.  It can be a year.  The Untied Sates of America never cancelled our 3 zero notes... America never stopped allowing 3 zero notes to be exchanged but I got a feeling Iraq will and they should.

Militia Man  Article: "Al-Nusairi: Explains the new mechanism for external transfers after the platform is closed"  We have been following this and we have been spot on...They finally have done what was expected. This is to get the Central Bank back to normalcy...with international standards. That it a fact. A very good thing to have had correct all along [in our] study of the Iraqi Dinar...

************

Silver Price ALERT: Why Andy Schectman Calls It the Opportunity of a Lifetime! | Silver Price 2025

Economy Express:  1-10-2025

Silver Price ALERT: The Untold Story Behind Andy Schectman’s Opportunity of a Lifetime! In today's video, we delve into the critical insights shared by Andy Schectman regarding the silver market and why he believes it represents an unparalleled investment opportunity.

 As the global economy faces unprecedented challenges, Schectman warns that the true value of silver is being suppressed, and a significant price discovery is imminent.

We explore the implications of Federal Reserve policies, rising interest rates, and the systemic risks facing banks. Discover how silver can serve as a hedge against inflation and why now is the time to consider diversifying your portfolio into tangible assets.

https://www.youtube.com/watch?v=4yRn39cG7fs

UN in Turmoil: BRICS Breaks the Chain of Western Control: End of US Influence as We Know It?

Fastepo:  1-11-2025

https://www.youtube.com/watch?v=L_boaJFefAk