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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-6-25
Good Afternoon Dinar Recaps,
BRICS: TRUMP SPARES INDIA AFTER THEY OFFICIALLY EMBRACE THE US DOLLAR
US President Donald Trump has spared BRICS member India from tariffs as they officially embraced the US dollar for trade. Trump imposed 25% tariffs on Mexico and Canada and ignited a global trade war. He also imposed 10% tariffs on China and could go further if they advance the de-dollarization agenda.
However, BRICS member India has been spared from tariffs as they spoke positively about using the US dollar for cross-border transactions. India’s Foreign Minister S. Jaishankar repeatedly said in multiple interviews that they do not support the de-dollarization initiative. He explained that India will settle trade in local currencies with other countries only when it fits the trade agreement.
Good Afternoon Dinar Recaps,
BRICS: TRUMP SPARES INDIA AFTER THEY OFFICIALLY EMBRACE THE US DOLLAR
US President Donald Trump has spared BRICS member India from tariffs as they officially embraced the US dollar for trade. Trump imposed 25% tariffs on Mexico and Canada and ignited a global trade war. He also imposed 10% tariffs on China and could go further if they advance the de-dollarization agenda.
However, BRICS member India has been spared from tariffs as they spoke positively about using the US dollar for cross-border transactions. India’s Foreign Minister S. Jaishankar repeatedly said in multiple interviews that they do not support the de-dollarization initiative. He explained that India will settle trade in local currencies with other countries only when it fits the trade agreement.
Jaishankar also praised Trump and said that India has a good relationship with the new White House administration. “We’ve always said that India has never been for de-dollarization,” he said at various press conferences.
He made it clear that India will work closely with the US and will use the dollar for payment settlements. The Minister also revealed that India is not working towards the formation of a new BRICS currency and will not support bringing the US dollar down.
BRICS: India Plays It Safe By Supporting the US Dollar
The Reserve Bank of India (RBI) Governor Shaktikanta Das also pitched in saying that India does not support de-dollarization. “Nobody is talking about or thinking about de-dollarization. There is no step we have taken to de-dollarize,” said Das to Bloomberg. “De-dollarization is certainly not our objective and is not on the table. BRICS currency was an idea raised by one of the members and was discussed but no decision has been taken.”
All these statements made Trump spare BRICS member India as they fully support the US dollar’s prospects. India also needs the US dollar as its economy depends on America’s progress through Information Technology and other sectors. The US has invested heavily in India as backend offices and meddling with businesses could prove costly for the Modi government.
@ Newshounds News™
Source: Watcher Guru
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CFTC ACTING CHAIR SAYS THE AGENCY IS ENDING REGULATION BY ENFORCEMENT
The commission will divide its enforcement responsibilities into two task forces focused mainly on “complex fraud” and retail fraud.
Caroline Pham, acting chair of the US Commodity Futures Trading Commission (CFTC), announced that the agency would be winding down its practice of regulation by enforcement, likely impacting its approach to crypto firms during the Trump administration.
In a Feb. 4 notice, Pham said the CFTC was restructuring the priorities for its Division of Enforcement to focus on fraud, suggesting that the move “will stop regulation by enforcement” against “good citizens.”
The commission will divide its responsibilities into two task forces focused mainly on retail fraud and violations of the Commodity Exchange Act and “complex fraud and manipulation.”
“This taskforce realignment will enhance our vigorous and energetic enforcement program by empowering our talented staff to focus their expertise on matters that secure justice for victims and uphold public confidence in the integrity of our markets,” said acting enforcement director Brian Young.
The shift in the commission’s approach to enforcement was one of Pham’s first actions since becoming the CFTC acting chair on Jan. 20 following former chair Rostin Behnam’s stepping down. At the time of publication, it was unclear whom US President Donald Trump intended to nominate to fill Behnam’s seat at the CFTC once he leaves on Feb. 7.
@ Newshounds News™
Source: CoinTelegraph
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This Trade War Might Be The Straw That Breaks The US Dollar’s Back.
This Trade War Might Be The Straw That Breaks The US Dollar’s Back.
Notes From the Field By James Hickman (Simon Black) February 3, 2025
It was early spring in the year 1171 AD when Byzantine Emperor Manuel I Komnenos decided to go to war against his much smaller ally-- Venice. And the historical record shows that it was a really bad idea.
The Byzantine Empire was still a vast and powerful state by the late 12th century. But it was becoming obvious to anyone paying attention that they were in serious decline.
The Byzantine treasury was almost always empty. Imperial debt was piling up left and right. Byzantine borders were constantly being invaded by Muslim hordes. And the imperial coin-- the gold solidus-- was beginning to fall out of favor as the dominant currency for international trade.
This Trade War Might Be The Straw That Breaks The US Dollar’s Back.
Notes From the Field By James Hickman (Simon Black) February 3, 2025
It was early spring in the year 1171 AD when Byzantine Emperor Manuel I Komnenos decided to go to war against his much smaller ally-- Venice. And the historical record shows that it was a really bad idea.
The Byzantine Empire was still a vast and powerful state by the late 12th century. But it was becoming obvious to anyone paying attention that they were in serious decline.
The Byzantine treasury was almost always empty. Imperial debt was piling up left and right. Byzantine borders were constantly being invaded by Muslim hordes. And the imperial coin-- the gold solidus-- was beginning to fall out of favor as the dominant currency for international trade.
Perhaps most importantly, there were a great deal of inexperienced or incompetent Emperors who stood by and did nothing while adversaries exploited imperial weakness.
One bright spot in Byzantine foreign relations was with the Republic of Venice; and over time the two cultivated a strong friendship, and enjoyed significant trade and military cooperation. When the Byzantine Empire went to war, for example, Venice would often provide naval and maritime logistics support.
Trade was so strong between the two, in fact, that thousands of Venetian merchants moved permanently to Constantinople.
But it all came to an end in March of 1171. The Emperor very suddenly changed his tune on Venice and started viewing them as rivals who were taking advantage.
To be fair, Venice was definitely a rising power at the time. But they were a pipsqueak compared to the size and strength of the Byzantine Empire… and the Venetians in no way wanted a conflict. They got one anyway.
That spring, Emperor Manuel imprisoned as many as 10,000 Venetians in Constantinople. He also confiscated their assets, properties, and businesses.
The ruler back in Venice (coincidentally known as “the Doge”) tried to negotiate a peaceful, diplomatic solution. But in the end, a war between the two broke out. And while direct military conflict was quite limited, the economic and trade warfare seriously wounded both powers.
In retrospect the long-term consequences were clear: the Byzantine Empire lost a supportive ally, essentially pushing Venice into the arms of Western European powers. The Empire also never quite recovered the lost trade and economic opportunity costs from the war.
That’s because all war-- whether a shooting war or trade war-- is expensive. There are very, very few instances in history in which a nation benefited from prolonged war. In fact, the last guy to consistently wage ‘profitable’ wars was Napoleon… and he understood the key was to end it as quickly as possible.
Maybe that’s the strategy in this new trade war today. Maybe the whole idea is to show people that you’re not afraid to make good on your threats… to show that you’re not bluffing… and that everyone should run to the negotiating table immediately.
Perhaps. But it’s been well-documented that a long-term trade war, i.e. tariffs on goods imported from Canada and Mexico, will be incredibly expensive. Canada sends energy to the US. Mexico sends food. If there are two things that US citizens don’t need to become more expensive, it’s food and fuel.
The rough calculations show that American households will pay a few thousand dollars per year more. Most people can’t afford that, nor are they particularly inclined to try.
The optimists say that America doesn’t need to import any of that stuff, and that “we can produce everything we need at home”.
OK, that’s sort of true. The US has the capability to produce almost everything if it really had to. But to borrow from the great philosopher Chris Rock, “You could drive with your feet if you really had to. But that don’t make it a good XXXX idea.”
Every country, every economy in the world has a finite amount of resources-- workers, raw materials, capital, land, etc. And in a free market, those finite resources are put to their best and highest use… because that’s what generates the most profit, i.e. the most wealth and prosperity.
No one puts resources to work making socks and underwear if they could put those same resources to work developing disruptive technology. And the US economy has that option-- producing goods and services of extremely high value (including technology).
This has been a key driver of wealth in America.
But suddenly having to divert limited resources to something less valuable consequently means… less wealth and prosperity. Bottom line, trying to produce everything at home requires misallocating economic resources into less profitable, less prosperous industries.
And the opportunity cost of doing that cannot be overstated.
There’s another, even bigger problem, though.
The US dollar is already in trouble. Plenty of countries have already started to line up against the dollar; and as we’ve discussed in the past, foreign central banks have started ditching the dollar to buy gold instead.
This is a big problem for the US government; the Treasury Department desperately needs foreigners to keep funding America’s massive budget deficits. And even if the budget deficits miraculously disappear, America still needs foreign nations to hold on to the US government bonds they already own.
Threatening (and then actually following through) with tariffs will only make foreign countries less inclined to own US dollars.
Secretary of State Marco Rubio even admitted this weekend that within five years, “there will be so many countries transacting in currencies other than the dollar that we won’t have the ability” to impose sanctions or tariffs.
Less demand from foreign governments and central banks to own US dollars ultimately means higher inflation and higher interest rates across the board-- including higher mortgage rates. So more expensive food. More expensive fuel. And more expensive housing.
Again, this trade war might be a ploy designed to force everyone to the negotiating table… and perhaps they expect it will be over in a matter of days or weeks. But that’s a risky assumption.
A century ago, the ‘experts’ back in 1914 assumed that World War I would be over in a few months, and that the troops would “be home before the leaves fall from the trees” (according to what Kaiser Wilhelm of Germany reportedly told his soldiers departing for the front line).
This, too, may be long and costly. But even if it's short, declaring war on your own ally could easily create lasting consequences for America by accelerating backlash against the dollar.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Smart Money and BRICS are Rushing into Gold
Smart Money and BRICS are Rushing into Gold
Wealthion: 2-6-2025
The global financial system may be teetering on the edge of a significant shift. Skyrocketing global debt, struggling central banks, and a seemingly paradoxical rise in gold prices, even amidst a strong dollar and elevated bond yields, are raising serious questions about the future of our economic stability.
Recently, financial expert Jonathan Wellum joined Trey Reik of Bristol Gold Group to dissect these complex issues, offering insights into why gold is outperforming its traditional role and what potential pitfalls lie ahead. Their analysis paints a picture of a system under pressure, ripe with opportunities and fraught with risks.
Smart Money and BRICS are Rushing into Gold
Wealthion: 2-6-2025
The global financial system may be teetering on the edge of a significant shift. Skyrocketing global debt, struggling central banks, and a seemingly paradoxical rise in gold prices, even amidst a strong dollar and elevated bond yields, are raising serious questions about the future of our economic stability.
Recently, financial expert Jonathan Wellum joined Trey Reik of Bristol Gold Group to dissect these complex issues, offering insights into why gold is outperforming its traditional role and what potential pitfalls lie ahead. Their analysis paints a picture of a system under pressure, ripe with opportunities and fraught with risks.
Historically, a strong dollar would typically dampen gold’s appeal. However, the current environment is witnessing a decoupling. Wellum and Reik argue that gold is no longer simply reacting to currency fluctuations, but is behaving as a haven asset reflecting dwindling confidence in fiat currencies themselves.
This “powering over” of gold suggests a growing distrust in the ability of governments to manage their fiscal responsibilities, leading investors to seek the perceived safety and stability of precious metals.
The United States’ national debt, currently exceeding $36 trillion, looms large over the global economy. This unsustainable level of debt is arguably distorting market dynamics and creating systemic risks. Wellum and Reik highlight how this debt burden necessitates continuous borrowing, leading to a cycle of increasing interest payments and further compounding the problem. This unsustainable trajectory is forcing investors to re-evaluate their strategies and consider alternative assets.
As concerns about the stability of the global financial system grow, sophisticated investors are increasingly turning to gold as a hedge against uncertainty. This shift in investment strategies signals a growing recognition that traditional asset classes may be vulnerable in the face of mounting debt and economic instability. The demand for gold as a safe haven is likely to intensify as these anxieties persist.
The conversation also addressed the potential for increased market volatility. With rising interest rates, persistent inflationary pressures, and the looming debt crisis, the stock market faces significant headwinds. Wellum and Reik suggested investors should prepare for a period of heightened uncertainty and potentially adjust their portfolios to mitigate downside risk. They emphasize the importance of understanding the interconnectedness of these factors and their potential impact on asset valuations.
Central bank credibility is also under scrutiny. The Federal Reserve’s handling of inflation and interest rate policy has faced criticism, leading to a decline in public trust. This erosion of trust in monetary policy further fuels the demand for alternative assets like gold, seen as a store of value independent of government control. The future role and effectiveness of central banks in managing economic stability are now being questioned.
The discussion also explored different ways to gain exposure to gold. While owning physical gold bullion offers direct protection against currency devaluation and systemic risk, investing in gold mining companies provides leverage to rising gold prices. Wellum and Reik debated the merits of each approach, highlighting the potential for higher returns in gold miners but also acknowledging the increased risk associated with individual company performance and operational challenges.
Finally, the impact of geopolitical tensions, particularly the potential for renewed trade wars under a Ttump administration, was discussed. The imposition of tariffs and other protectionist measures can disrupt global supply chains, increase inflation, and further destabilize the economic landscape, driving investors towards safe haven assets like gold.
These geopolitical uncertainties underscore the importance of diversifying portfolios and considering assets with inherent value independent of political maneuvering.
The analysis presented by Wellum and Reik paints a concerning, yet crucial, picture of the current financial system. They suggest that the confluence of factors – unsustainable debt levels, central bank challenges, and geopolitical instability – is creating an environment ripe for market volatility and potentially significant economic disruption.
While the future remains uncertain, the enduring appeal of gold as a safe haven asset serves as a potent signal, urging investors to carefully reassess their strategies and prepare for the potential for a significant shift in the global financial landscape.
News, Rumors and Opinions Thursday 2-6-2025
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 Thurs. 6 Feb. 2025
Compiled Thurs. 6 Feb. 2025 12:01 am EST by Judy Byington
Judy Note: The Storm has arrived and Elon Musk’s DOGE Team edits of federal agency budgets.
DOGE also has plans to audit the IRS auditors. That should be interesting. The same people who are afraid of DOGE are the same who wanted to hire 80,000 new IRS agents to audit and harrass taxpayers.
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 Thurs. 6 Feb. 2025
Compiled Thurs. 6 Feb. 2025 12:01 am EST by Judy Byington
Judy Note: The Storm has arrived and Elon Musk’s DOGE Team edits of federal agency budgets.
DOGE also has plans to audit the IRS auditors. That should be interesting. The same people who are afraid of DOGE are the same who wanted to hire 80,000 new IRS agents to audit and harrass taxpayers.
When the DOGE audits are combined with activation of the new Quantum Financial System (QFS), our US government as we know it was expected to shrink by 90-95%.
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What We Think We Know as of Thurs. 6 Feb. 2025:
Wed. 5 Feb. 2025: Donald Trump to Sell Off Half of All Federal Property: What to Know
Wed. 5 Feb. 2025 Musk DOGE Audits …Snowden 2.0 on Telegram
Wed. 5 Feb. 2025 DOGE Audits: Treasury Secretary Scott Bessent just (allegedly) handed control of the federal payment system to Elon Musk’s DOGE team. This decision comes just two weeks after former Treasury Secretary Janet Yellen’s computer was (allegedly) breached, with unclassified files accessed—an attack blamed on “Chinese state-sponsored hackers.”
Wed. 5 Feb. 2025 DOGE Audits: Pelosi and Feinstein (allegedly) make millions off of land purchases using US Government Tax monies: (1) Sassafrass84 on X: “Doesn’t surprise me. https://t.co/dC8tT3nJ6P” / X
Wed. 5 Feb. 2025 DOGE Audits: Senators (allegedly) making in the hundred thousands reported 2024 income in the millions. The only way that could happen would be through kickbacks. The head of the US Treasury submitted his resignation when told that DOGE was there to perform a complete audit.
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Possible Timing:
In Aug. 2020 Trump (allegedly) rolled US Taxpayer dollars that had been going to the Federal Reserve since 1918, into the new US Treasury near Reno Nevada. The Federal Reserve – a privately owned family bank of the Rothschilds – (allegedly) had control of US Taxpayer dollars and was charging the US Government interest to use it.
On August 19, 2024, the Emergency Broadcast System (EBS) was (allegedly) activated in 100 cities across the United States. …The 17th Letter (JFK Jr.) on Telegram
On Wed. 15 Jan 2025 Trump(allegedly) signed the classified “Gold Directive,” the Cabal’s hidden vaults having been seized. Their gold, stolen for centuries, was now being returned to The People through the QFS.
On Mon. 20 Jan. 2025 when Trump took office, the privately owned Federal Reserve and IRS were c(allegedly) onsidered legally defunct. …Carolyn Bessette Kennedy on Telegram
On Wed. 29 Jan. 2025 an Open Letter was (allegedly) published addressed to President Donald Trump and the US Congress asking them to recognize the Sovereign Nation of the Kingdom of Hawaii. There was 170,000 metric tons of Gold sitting in the Bank of Hawaii that cannot be used by any government entity until the Kingdom Nation is returned properly to The People. The request was accompanied by a plea to help the over 3,000 victims of the 2023 Kula and Lahaina Maui Hawaii Fires who remain homeless, many living on beaches since 2023. (Signed) Sir Don Kauli’a, Sovereign Regent, Kingdom of the Hawaiian Islands
Month of Feb: The Plan Never Changed. It was Always February. The Chest Will Open Very Soon!” …John F. Kennedy Jr. on Telegram
Mon. 3 Feb. 2025 the Quantum Financial System (allegedly) Activated Worldwide. Over $100 Trillion (allegedly) held in the Five Star Trust was authorized to be released to the new US Treasury (and back to The People). …Carolyn Bessette Kennedy on Telegram
Wed. 5 Feb. 2025 according to Bruce Tier4a,b (Us, the Internet Group) will be (allegedly) notified by email of how to set redemption appointments, with those appointments beginning Wed. or Thurs. 6 Feb. 2025.
Sun. 9 Feb. 2025 the QFS becomes fully operational with intense military operations. …JFK Jr. on Telegram
In Aug. 2025 the U.S. Treasury will (allegedly) send out a computer algorithm to each bank to zero debt balances in a Debt Jubilee. The banks will then zero out all mortgage debt, credit card debt, car debt, etc. Citizens (allegedly) do not have to contact their debtor to ask for the Debt Jubilee. Watch for your new zero balance statement coming out sometime in August. …JFK Awakening on Telegram
By year’s end, over 700 Med Bed Centers were (allegedly) said to be fully operational worldwide. …JFK Jr. on Telegram
Read full post here: https://dinarchronicles.com/2025/02/06/restored-republic-via-a-gcr-update-as-of-february-6-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Even if the budget comes out at the old rate, don't panic. Sudani knows what he's doing. The longer he can hide this form parliament the better...All the information about the new exchange rate has not been released yet, but within...13 days this budget will expose itself. It has no choice...This budget has no choice but to show its true colors in order for it to come to life...A new exchange rate cannot wait much longer..
Militia Man I think we all know the United States is sitting on a very large stack of Iraqi dinar. Probably many other currencies as well because if we know about it they know about it. If we can figure it out, they probably have. They're one step ahead of us. That's a good thing because if this is a benefit for the United States of America and if it's a benefit for Iraq and if it's a benefit for other Middle Eastern countries...let's get going.
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Trump’s New Sovereign Wealth Fund Explained
Heresy Financial: 2-6-2025
TIMECODES
00:00 Trump signs executive order for a U.S. sovereign wealth fund
00:32 The risks of a government-controlled investment fund
01:07 How sovereign wealth funds breed fraud and corruption
02:37 Why politicians have no skin in the game with public funds
03:24 The dangers of unlimited government-controlled capital
05:24 Historical lessons from the Mississippi Bubble
07:00 Could the U.S. sovereign wealth fund trigger hyperinflation?
08:48 The potential benefits of a sovereign wealth fund
10:05 The role of U.S. gold reserves in funding the program
12:14 Challenges in funding and implementing the sovereign wealth fund
13:17 Political greed and the risk of mismanagement
13:49 The final cost: Who really pays for this?
14:11 Should the government control wealth, or should you?
Seeds of Wisdom RV and Economic Updates Thursday Morning 2-6-25
Good Morning Dinar Recaps,
CFTC’S PHAM SEEKS ‘COMMON-SENSE’ REGULATION OF PREDICTION MARKETS IN NEW ROUNDTABLE
▪️The CFTC will hold a public forum to discuss prediction markets, though it did not name any specific marketplace in its announcement.
▪️CFTC Acting Chair Pham said past years of anti-innovation policies have restricted “common-sense” regulations of prediction markets.
Good Morning Dinar Recaps,
CFTC’S PHAM SEEKS ‘COMMON-SENSE’ REGULATION OF PREDICTION MARKETS IN NEW ROUNDTABLE
▪️The CFTC will hold a public forum to discuss prediction markets, though it did not name any specific marketplace in its announcement.
▪️CFTC Acting Chair Pham said past years of anti-innovation policies have restricted “common-sense” regulations of prediction markets.
The Commodity Futures Trading Commission announced Wednesday that it will hold a public roundtable to examine prediction markets, where its acting chair Caroline D. Pham expressed the need for more clarity in regulating such platforms.
“Unfortunately, the undue delay and anti-innovation policies of the past several years have severely restricted the CFTC’s ability to pivot to common-sense regulation of prediction markets,” said CFTC Acting Chairman Caroline D. Pham.
Pham said prediction markets are an “important new frontier” that can bring truth to the information age by utilizing the power of markets.
“The current Commission interpretations regarding event contracts are a sinkhole of legal uncertainty and an inappropriate constraint on the new administration,” Pham said.
Last year, the commission requested a district court to review a previous ruling in Kalshi’s favor in an attempt to block U.S. election bets on the prediction market. The two have been in a legal dispute since 2023 over the offerings of event contracts linked to congressional matters.
Earlier this week, it was reported that the CFTC was questioning prediction market Kalshi and Singapore-based crypto exchange Crypto.com over whether their derivatives-based Super Bowl sports events contracts were compliant.
“CFTC must break with its past hostility to innovation and take a forward-looking approach to the possibilities of the future,” Pham stated.
The roundtable
The public roundtable is a necessary first step in establishing a comprehensive regulatory framework for prediction markets, Pham said, as the new framework aims to promote the platforms while protecting users from deceptive market practices.
The forum will tackle several key roadblocks in establishing the framework, including past CFTC decisions, court orders and enforcement actions, and interpretations of event contracts on prediction markets in general.
“Participants will include a wide variety of experts and stakeholders representing numerous and diverse interests in these issues,” the statement said.
However, the release did not mention names of prediction markets that would be discussed at the public roundtable.
The roundtable is scheduled to be held at the CFTC headquarters in Washington, D.C., with further details on the event yet to be announced.
@ Newshounds News™
Source: The Block
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RIPPLE EXPANDS US WORKFORCE BY 75% AFTER ELECTIONS: IS THE SEC LAWSUIT ENDING SOON?
Ripple’s CLO, Stuart Alderoty, recently shared his thoughts on the new U.S. administration’s approach to cryptocurrency. In an interview with CNBC, Alderoty expressed his satisfaction with the changes brought about by the new administration.
He explained that the previous administration had essentially waged a “war” on crypto, pushing the industry out of the U.S. in favor of restrictive policies. However, since the inauguration, Alderoty praised the new administration for embracing cryptocurrency and clearing obstacles that had been stifling innovation.
Ripple’s Onshore Hiring Surge Amid SEC Case
Alderoty revealed that Ripple, which has been based in the U.S. for over 12 years, is benefiting from these shifts. He said that following the election, 75% of Ripple’s hiring efforts, which were previously offshore, are now being brought back onshore in the U.S.
The company is eager to build and expand its operations domestically, with the belief that the U.S. can once again become the global leader in cryptocurrency technology.
These changes come amid the ongoing SEC case, which has been dragging on for four years. The updates have left many wondering if the case might be coming to an end soon.
Ripple’s Response to U.S. Crypto Reform
When discussing U.S. crypto reform, Alderoty outlined three major forces shaping the landscape: President Trump’s executive order, changes in federal regulation, and legislative action from Congress.
He stressed the importance of the executive order, which reaffirms the U.S.’s goal of becoming the “crypto capital of the world.” The order has sparked a series of positive regulatory developments, including the appointment of David Sachs as the “crypto czar,” who is leading a task force to review and update crypto regulations.
Additionally, Alderoty praised the actions of the SEC’s acting chair, Mark Uyeda, who recently acknowledged the regulatory confusion of the past few years. Alderoty is optimistic that these changes will make it easier for banks to engage with crypto, further positioning the U.S. as a favorable environment for crypto innovation.
@ Newshounds News™
Source: Coinpedia
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RIPPLE’S RLUSD TOKEN SECURES MAJOR LISTINGS
The Ripple USD (RLUSD) stablecoin has secured several new listings, according to a Wednesday announcement.
The much-hyped stablecoin is now available for trading on Revolut and Zero Hash. These recent additions are likely to result in substantially broader RLUSD adoption.
London-based fintech firm Revolut boasts more than 50 million customers across the globe. Last September, it was reported that the company planned to launch its own stablecoin. In November, it also obtained the approval to expand its services across the EU after securing a banking license in the UK.
Zero Hash is a prominent cryptocurrency infrastructure platform. With the addition of RLUSD, the platform now supports five stablecoins across various chains.
RLUSD is, of course, available on both Ethereum and the XRP Ledger, and the stablecoin is expected to add more platforms in the future. The Zero Hash integration is significant for the RLUSD since it means that Ripple's stablecoin is now part of the stablecoin engine that is powering various fintech firms in the realm of payments (remittances, payouts, AI agents) and trading.
Zero Hash CEO Edward Woodford says that the listing of Ripple's RLUSD token shows that the company is committed to offering its customers the most "innovative and regulated" stablecoin products.
As reported by U.Today, the Ripple stablecoin recently surpassed $100 million in market capitalization.
The token was also recently listed on Bitstamp, one of the oldest cryptocurrency exchanges.
According to CoinGecko, the market cap of RLUSD currently stands at $108 million.
@ Newshounds News™
Source: U Today
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“Tidbits From TNT” Thursday Morning 2-6-2025
TNT:
Tishwash: Al-Sudani, Russian envoy discuss bilateral cooperation and stability
Iraq’s Prime Minister Mohammed Shia Al-Sudani met Wednesday with Mikhail Bogdanov, Russian President Vladimir Putin’s special representative to the Middle East and North Africa, to discuss bilateral relations and ways to enhance cooperation across multiple sectors, according to a statement from Al-Sudani’s media office.
The discussions also addressed regional and international developments, focusing on “efforts aimed at strengthening stability in the region.” The prime minister reaffirmed Iraq’s commitment to “fostering stronger ties between Iraq and Russia.”
TNT:
Tishwash: Al-Sudani, Russian envoy discuss bilateral cooperation and stability
Iraq’s Prime Minister Mohammed Shia Al-Sudani met Wednesday with Mikhail Bogdanov, Russian President Vladimir Putin’s special representative to the Middle East and North Africa, to discuss bilateral relations and ways to enhance cooperation across multiple sectors, according to a statement from Al-Sudani’s media office.
The discussions also addressed regional and international developments, focusing on “efforts aimed at strengthening stability in the region.” The prime minister reaffirmed Iraq’s commitment to “fostering stronger ties between Iraq and Russia.”
The meeting follows earlier talks in Baghdad between Iraqi Speaker of Parliament Mahmoud Al-Mashhadani and a Russian delegation led by Bogdanov,
Statement from PM Al-Sudani’s media office:
Prime Minister Mohammed S. Al-Sudani met today, Wednesday, the Special Envoy of the President of the Russian Federation to the Middle East and North Africa, Mr. Mikhail Bogdanov. The meeting focused on bilateral relations between Iraq and Russia and explored ways to enhance cooperation across various fields.
The discussions also covered regional and international developments and efforts aimed at strengthening stability in the region. Prime Minister Al-Sudani expressed his initial approval to participate in the upcoming Arab-Russian Summit to be hosted by the Russian Federation, recognizing its importance in advancing mutual interests.
The Prime Minister reiterated the government’s commitment to fostering stronger ties between Iraq and Russia and expanding avenues of cooperation in multiple sectors. He also emphasized the need to enhance collaboration on the Development Road project and Russian initiatives concerning transit routes to ensure shared benefits and the growth of common interests.
For his part, Mr. Bogdanov conveyed the greetings of Russian President Vladimir Putin to Prime Minister Al-Sudani and reaffirmed his government’s keenness to activate bilateral memoranda of understanding. He also confirmed Russia’s readiness for the upcoming tenth meeting of the Iraqi-Russian Joint Committee, which will oversee the implementation of agreements and memoranda of understanding between the two nations.
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Tishwash: Participants to Al-Sabah: Baghdad International Fair is a golden opportunity for economic cooperation
Participants in the Baghdad International Fair considered it a “golden opportunity” that could be a supportive starting point for the sustainable development process that the country is witnessing.
The 48th edition of the exhibition this year is witnessing a wide turnout from citizens, investors and businessmen, due to the quality of companies and products displayed locally and internationally.
Industrial investments
The official of the Ministry of Industry wing, Mohammed Qasim, told Al-Sabah: “Iraq is heading towards localizing its national industry, as well as bringing in global industries through investment within the country,” noting that “this matter requires the creation of an ideal work environment that is in harmony with the requirements of industrial investment and actually contributes to turning the wheel of industrial production.”
Industrial cities
Qasim stressed that “industrial cities are considered a trend that can contribute to localizing industry in Iraq, as these cities will provide all the requirements of the Iraqi and foreign industrialist, especially since the path of development has recalculated the calculations of many companies that can transfer their industries to Iraq and launch from it to various markets of the world.”
He pointed out that "the exhibition is an important opportunity to communicate with Arab and foreign participants who came with a real desire to be present in local markets, especially since Iraq has become the focus of attention of major international companies."
Golden opportunity
Baghdad Chamber of Commerce Advisor Wahbi Al-Khafaf told Al-Sabah: “The Chamber views the exhibition as a golden opportunity that can be used to serve the Iraqi economy, which needs combined local and international efforts to move its wheel.”
Available opportunities
Al-Khafaf pointed out that “the companies present at the exhibition have a great desire to work inside Iraq, which is considered a “promising market” that can benefit those who work inside it and invest in the available opportunities in all production and service sectors.”
He also pointed out that “the companies that have come with new goods know that the Iraqi market is large and can accommodate regional and international presence, and some are thinking of localizing their industry within the country.”
More space
As for the representative of the Iraqi Iron Company, he explained to “Al-Sabah”, “The exhibition gave the company a larger space to communicate with the companies participating in the exhibition, especially construction and reconstruction companies and contracting companies that implement major projects that require huge quantities of iron to create concrete blocks.”
He stressed that "the national product is manufactured according to international specifications and competes with the best of its global counterparts."
Local companies
He pointed out that “the exhibition represents an important opportunity, as it saved us a lot of effort and time in reaching this number of local and international companies.”
He pointed out that “the citizen provided an opportunity to communicate with citizens who learned about the nature of the company’s products, selling prices, and product efficiency, as the exhibition is a free opportunity for dissemination.”
Renew participation
A representative of the Pakistani company GFC, which specializes in electrical appliances, confirmed to Al-Sabah that the exhibition is important.
He pointed out that “the Iraqi citizen’s interest in the pavilion created a desire to renew participation in all exhibitions organized inside Iraq, especially since the Iraqi market is vast, and we can be present in all cities.”
Second package
In turn, the representative of the Ministry of Construction and Housing, Aram Majeed, told Al-Sabah, “The presence of the ministry’s team inside the Baghdad International Fair comes to reflect the ministry’s achievements during the past year, the projects that have been implemented and those under implementation, and the projects of the second package that will be launched soon, and includes a number of important projects, including the bridge that connects the Kadhimiya area with the Al-Krayat area.”
Economic cooperation
As for the financial affairs specialist, Athir Abdul Baqi, he said about the exhibition: “The banking sector is an important axis for any economic cooperation between Iraq and the countries of the world, and through our movement inside the exhibition, we noticed the presence of international companies inside the banks’ pavilions and inquired about the nature of the products offered, and how the money movement is going.”
Development plans
He pointed out to “Al-Sabah” that “most delegations stop at the issue or the joint of the development plans for the performance of the banking system, and where it stands among the services provided regionally and internationally, as companies look forward to entering into various businesses within Iraq and studying the reality of the financial sector and the services provided by the banking system.”
(1250) companies of various specializations representing 22 Arab and foreign countries are participating in the 48th session of the Baghdad International Fair.
Economic growth
Economic expert Aqil Al-Hamad told Al-Sabah: “Trade fairs generally represent a facade that indicates the extent of the country’s economic and urban growth.”
He added, "The Baghdad Exhibition is important for international companies, especially since the volume of turnout is large from foreign investors, and it has become a real proof of Iraq's economic importance."
Industrial reality
He explained that “exhibitions work to create solid partnerships between the private sector and foreign companies, and this in itself is an important factor that can improve the nature of the industrial and development reality, in addition to its role in providing many job opportunities and meeting the market’s needs for solid local products. In order to achieve the maximum possible degree of benefit, government agencies must hold more meetings with Iraqi economic organizations to learn about the nature of the exhibitions that should be held.”
Meanwhile, the Ministry of Trade stated that “its formations participated in the 48th session of the Baghdad International Fair, with special pavilions within the framework of enhancing economic cooperation and cultural exchange.
She explained in a statement received by “Al-Sabah” that “the companies’ participation came to highlight their activities and announce and promote their investment projects, which reflect the government’s commitment to enhancing sustainable development and supporting innovation in various fields.”
She pointed out that “the exhibition is an ideal platform for communication between companies and investors, and reflects Iraq’s ability to host major international events that enhance its economic position in the region, as it included a wide range of local and international companies displaying their latest products and services,” indicating that “the pavilions of the ministry’s formations witnessed a great turnout from visitors, and a comprehensive presentation was given on the projects and programs implemented by the ministry’s companies in various sectors.”
The Ministry also invited visitors, whether officials, business owners or citizens, to visit its companies’ pavilions and learn about future projects and initiatives aimed at strengthening the national economy. link
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Tishwash: Sami meets with Ernst & Young to restructure banks: Strategy includes electronic payment
Finance Minister Taif Sami said on Wednesday, February 5, 2025, that the strategic plan to restructure banks includes introducing “modern technologies” such as electronic payment.
Meeting to follow up on the restructuring procedures of Rafidain and Rashid Banks and insurance companies
According to a statement seen by "Ultra Iraq", Finance Minister Taif Sami held "an expanded meeting with the head of the Insurance Bureau, directors of government banks and insurance companies, and the international auditing and oversight company (Ernst & Young) to follow up on the measures taken to implement the restructuring of insurance companies and government banks, most notably Rafidain and Rashid Banks."
Sami pointed out that "the restructuring represents a fundamental step to enhance financial stability and improve the efficiency of government banks in accordance with international standards," stressing "the importance of developing banking systems, enhancing internal control, and implementing specialized training programs for banking cadres to ensure the provision of advanced financial services."
The Minister explained that "the strategic plan will include introducing modern banking technologies, such as electronic payment, enhancing transparency, improving capital management and completing the comprehensive banking system, in addition to cooperating with international financial institutions and benefiting from global expertise, in addition to setting specific time frames for implementing modernization operations, which will raise the efficiency of government banks and support the national economy." link
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Mot: The insight - ole ""Mot"" Brings Ya - is Simply AMAZING!! – LOL
.Mot: .. Ya Know!! -- Just Saying ~~~~
Seeds of Wisdom RV and Economic Updates Wednesday Evening 2-5-25
Good Evening Dinar Recaps,
FDIC RELEASES DOCUMENTS RELATED TO CRYPTO DEBANKING
The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals.
In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to the agency’s supervision of banks that “engaged in, or sought to engage in, crypto-related activities.”
Good Evening Dinar Recaps,
FDIC RELEASES DOCUMENTS RELATED TO CRYPTO DEBANKING
The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals.
In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to the agency’s supervision of banks that “engaged in, or sought to engage in, crypto-related activities.”
The report was released on the same day the U.S. Senate Banking Committee began its hearing on the impact of debanking in the country. It also follows a court order that set the deadline for their release as Friday, Feb. 7.
Crypto debanking, often referred to as Chokepoint 2.0, has been a contentious issue in recent months, with the FDIC and the U.S. Securities and Exchange Commission facing criticism from various industry stakeholders.
FDIC acting chairman Travis Hill commented:
“I have been critical in the past of the FDIC’s approach to crypto assets and blockchain. As I said last March, the FDIC’s approach ‘has contributed to a general perception that the agency was closed for business if institutions are interested in anything related to blockchain or distributed ledger technology.”
The released documents include correspondence with 24 financial institutions regarding their involvement or interest in crypto-related activities.
The records reveal that the FDIC largely resisted engagement, frequently requesting additional information, delaying responses for months, and issuing directives instructing banks to pause, suspend, or entirely avoid crypto-related activities.
The crypto debanking hearings will no doubt reveal a lot more, but commentary from notable industry advocates commend the FDIC’s decision to release the documents. It includes Senator Cynthia Lummis, who observed via a post on X:
“I am thrilled the FDIC acted swiftly & efficiently to release these documents. I want to thank Chairman Hill and POTUS for your commitment to government transparency! We are putting an END to Chokepoint 2.0.”
FDIC acting chair Hill has stated that the agency is reevaluating its approach. Key measures moving forward include replacing its Financial Institution Letter (FIL) 16-2022and creating a clearer framework for banks to participate in the crypto sector. The FDIC will also collaborate with President Trump’s working group on digital assets to establish new guidelines.
@ Newshounds News™
Source: CryptoNews
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HOW TRUMP'S TRADE WAR IS AFFECTING BITCOIN AND GOLD
Gold and Bitcoin have previously moved together as "safe haven" assets. But that isn't the case with President Donald Trump back in action.
Bitcoin or gold? Or Bitcoin and gold? Investors are weighing where to put their money in times of uncertainty—and no time is more uncertain than now.
President Donald Trump’s tariffs—or threats of tariffs—have rocked markets, making “risk-on” assets like crypto less appealing.
The price of gold hit a new high Monday, while Bitcoin dropped below $93,000, down about 14% from its all-time high price set on January 20. Bitcoin's correlation to the precious metal is down significantly as investors flock to more traditional safe haven assets, experts told Decrypt.
Bitcoin proponents have long claimed that the cryptocurrency’s unique selling point is that it’s a long-term store of value—like gold. And sometimes, they are correlated: The two assets have moved in tandem in the past, when investors have flocked to a strong dollar.
But things are up in the air now that President Donald Trump has taken office and issued a flurry of dramatic orders, and Bitcoin’s 90-day correlation with gold has remained close to zero, data provider Kaiko told Decrypt.
Case in point: The new commander in chief implemented tariffs against Canada, Mexico, and China on Saturday, causing crypto prices to drop sharply.
After having a “friendly conversation” with Mexican President Claudia Sheinbaum two days later, he decided to pause tariffs—leading to a rebound in Bitcoin’s price. Meanwhile, gold soared. Trump later agreed to a similar pause with Canada as the two countries attempt to work out a deal, while tariffs against China ultimately did go into effect.
“The trade war could decouple the correlation in the short term as gold is a more established ‘safe haven’ asset, while Bitcoin—although often seen as a safe haven—is currently owned by a large investor base also trading highly speculative risk-asset meme coins and tech stocks,” Amberdata’s director of derivatives Greg Magadini told Decrypt.
The reason for the decoupling is that Bitcoin is still performing less like a safe-haven and more like risk assets, such as tech stocks. The biggest cryptocurrency by market cap over the past seven days alone has swung from $105,893 per coin to as low as $92,876.
@ Newshounds News™
Source: Decrypt
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🥇🥇GOLD TELEGRAPH BREAKING NEWS🥇🥇
WORLD'S DEMAND FOR GOLD HIT ANOTHER RECORD HIGH LAST YEAR
Read: X . Com
~~~~~~~~~~~
THE ANNUALIZED RATE FOR LENDING GOLD over a one-week period has increased to around 10% this year, up from the previous range of 2-3%.
People are definitely sweating.
Read: X . Com
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VERY STRANGE THINGS HAPPENING AT THE BANK OF ENGLAND.
They hold over $450 billion worth of gold at current prices, primarily for central banks.
There are weeks long queues to withdraw bullion from its vault and its now trading at a DISCOUNT vs. wider markets.
Massive moment...
Read: X . Com
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BILLIONAIRE PIERRE LASSONDE MESSAGE:
Billionaire Pierre Lassonde told me late last year that the day transactions on the Shanghai Gold Exchange surpass those on the COMEX, gold pricing will shift to the East, leaving the West behind.
Right now, the LBMA says it’s working with COMEX on U.S. gold price premium...
Watch: X . Com
@ Newshounds News™
Source: Cold Telegraph
~~~~~~~~~
SEC’S CRYPTO TASK FORCE WEBSITE LAUNCHES: HESTER PEIRCE SHARES VISION FOR DIGITAL ASSET REGULATION
The US Securities and Exchange Commission (SEC) has officially unveiled its new Crypto Task Force, marking a pivotal shift in its regulatory approach to the digital asset sector.
This initiative, led by Commissioner Hester Peirce, promises a more engaging and less perilous journey for both the SEC and the crypto industry compared to the tumultuous path the agency has navigated over the past decade.
Peirce articulated the need for a clear destination in the regulatory landscape, acknowledging the previous lack of clarity and the enforcement hesitancy that characterized the SEC’s earlier interactions with cryptocurrency.
New SEC Task Force To Foster Collaboration In Crypto Regulation
In her announcement, Peirce emphasized that the SEC’s past approach was fraught with “legal ambiguities” and “commercial impracticalities,” leaving many market participants in a state of uncertainty.
She highlighted that the Task Force aims to address these issues collaboratively, involving input from various stakeholders, including builders, enthusiasts, and skeptics within the crypto community.
By fostering open dialogue, the SEC seeks to develop a regulatory framework that balances investor protection with the industry’s ability to innovate and thrive.
Peirce was candid about the challenges ahead, acknowledging that untangling the complexities of cryptocurrency regulation will take considerable time and effort.
The SEC has been engaging with the crypto industry for over a decade, with its first Bitcoin exchange-traded product application arriving in 2013. Since then, the agency has faced numerous enforcement actions and made various attempts to clarify regulatory expectations, yet many issues remain unresolved.
Public Engagement In Shaping Digital Asset Regulation
The Task Force’s efforts will include examining the status of different crypto assets under existing securities laws, addressing the regulatory needs of coin and token offerings, and exploring how crypto lending and staking programs fit within the legal framework.
The Task Force also aims to enhance the process for exemptive relief applications and streamline paths to registration for token offerings, while ensuring that the necessary investor protections remain intact.
Peirce explicitly stated that the SEC does not endorse any specific cryptocurrency or token, reinforcing the idea that market participants must make informed decisions without relying on government approval.
Furthermore, the Task Force plans to collaborate with other regulatory bodies and state authorities to create a comprehensive understanding of crypto’s regulatory landscape.
This cooperation is essential for crafting policies that not only protect investors but also provide a safe environment for innovation. The SEC is keen on ensuring that the US capital markets remain robust and efficient, free from fraud and misconduct.
Peirce’s statement also invited public engagement, encouraging individuals and organizations to contribute their insights and suggestions regarding the regulatory framework for cryptocurrencies.
Interested parties can provide written submissions or request meetings with Task Force members to discuss pertinent issues. This open approach reflects the SEC’s commitment to transparency and inclusivity in its regulatory process.
@ Newshounds News™
Source: Bitcoinist
Read more: Bitcoinist
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-5-25
Good Afternoon Dinar Recaps,
JUST IN: FDIC TO ALLOW BANKS TO MANAGE CRYPTO ASSETS AND TOKEN DEPOSITS
FDIC to let U.S. banks manage crypto assets, offer tokenized deposits without prior approval, marking a policy shift under the Trump administration.
The Federal Deposit Insurance Corporation (FDIC) is set to revise its guidelines, allowing U.S. banks to manage crypto assets and offer tokenized deposits without prior regulatory approval. This decision marks a shift in U.S. banking policy under the Trump administration, which has shown increased support for digital assets.
Good Afternoon Dinar Recaps,
JUST IN: FDIC TO ALLOW BANKS TO MANAGE CRYPTO ASSETS AND TOKEN DEPOSITS
FDIC to let U.S. banks manage crypto assets, offer tokenized deposits without prior approval, marking a policy shift under the Trump administration.
The Federal Deposit Insurance Corporation (FDIC) is set to revise its guidelines, allowing U.S. banks to manage crypto assets and offer tokenized deposits without prior regulatory approval. This decision marks a shift in U.S. banking policy under the Trump administration, which has shown increased support for digital assets.
Acting FDIC Chairman Travis Hill confirmed the changes during a Senate hearing, stating that the agency is reassessing its past approach to cryptocurrency regulations.
FDIC to Change Crypto Regulations for Banks
The FDIC’s decision to revise its crypto guidelines is part of an ongoing review of past regulatory policies that discouraged banks from engaging with crypto assets. Hill stated that banks seeking to enter the sector had faced delays, excessive scrutiny, and resistance from regulators.
During his testimony, Hill explained, “Requests from these banks were almost universally met with resistance, ranging from repeated requests for further information to directives from supervisors to refrain from expanding crypto- or blockchain-related activity.”
The FDIC has also released a series of internal documents detailing past communications with banks regarding cryptocurrency. These records were disclosed as part of a court order in response to a lawsuit by Coinbase, which had sought transparency on regulatory actions affecting the industry.
@ Newshounds News™
Source: CoinGape
~~~~~~~~~
RIPPLE-CARDANO PARTNERSHIP COMING NEXT MONTH? (CHARLES HOSKINSON WEIGHS IN)
“We talk to David Schwartz and Brad Garlinghouse,” Cardano’s founder said.
▪️Hoskinson confirmed active discussions with Ripple’s leadership on RLUSD integration, with potential big news in March.
▪️Ripple’s stablecoin crossed $100M market cap, with major exchanges like Bitstamp embracing it.
One Step Closer?
The interactions between Cardano’s founder, Charles Hoskinson, and some of Ripple’s executives in the past months have caused some members of the crypto community to speculate about a potential collaboration between the two ecosystems.
In November last year, the bosses exchanged kind words, while Brad Garlinghouse (Ripple’s CEO) said, “Now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.”
Earlier this year, Hoskinson took part in a heated discussion on X in which he hinted that Cardano might integrate Ripple’s stablecoin – RLUSD – into its system. “We’ve already had a call with the RLUSD people. We are actively talking,” he stated at the time.
The chances of a partnership have seemingly gone up, considering Hoskinson’s most recent disclosure. He said Cardano’s team keeps an active conversation with Ripple’s leadership regarding the implementation of RLUSD. Hoskinson also indicated that big news might be announced next month:
“We talk to David Schwartz and Brad Garlinghouse. Strong possibility we can negotiate (RLUSD). Ripple told us to wait till March as they just finished NYDFS. We’ll see if there’s a roadmap and how they’ll get that done.”
A potential partnership between Cardano and Ripple (two of the most recognizable entities in the crypto world) may positively impact the prices of their native tokens. As of writing these lines, ADA and XRP are both in the red weekly following the severe market correction witnessed on February 3.
RLUSD’s Advancement
Ripple made the headlines in April 2024, revealing its plans to design a stablecoin pegged 1:1 to the American dollar. The product passed through a testing phase in the following months before being officially approved by the New York Department of Financial Services (NYDFS) in mid-December.
At first, it received support from the cryptocurrency exchanges Uphold, Bitstamp, Bitso, Moonpay, CoinMENA, and Bullish.
Monica Long (Ripple’s president) said at the beginning of January that people should expect such a move from other popular platforms “imminently.” Shortly after, Bitstamp hopped on the bandwagon, listing the following trading pairs: RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.
Despite being far away from the leaders Tether (USDT) and USD Coin (USDC), RLUSD recently hit an important milestone: its market capitalization crossed $100 million. It will be interesting to see whether the product will keep progressing throughout 2025 and whether it will erase the big gap between itself and the leaders in its field.
@ Newshounds News™
Source: CryptoPotato
~~~~~~~~~
SEC SUED BY WATCHDOG GROUP OVER WITHHELD CRYPTO REPORT
Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission for failing to disclose a long-awaited report on ethical conflicts and selective enforcement within the agency.
The SEC Office of Inspector General completed the report more than a year ago, but the agency has yet to release it despite repeated Freedom of Information Act requests, according to the lawsuit.
The lawsuit seeks to compel the SEC to disclose findings related to former SEC Division of Corporate Finance Director William Hinman.
The investigation focuses on potential conflicts of interest involving Hinman’s ties to his previous law firm, Simpson Thacher, which had financial interests in promoting Ethereum.
SEC’s ‘silent treatment’
Empower Oversight has pursued SEC transparency since August 2021, filing multiple FOIA requests and lawsuits seeking documents related to agency communications with crypto entities. The watchdog argues that the SEC’s delays suggest a pattern of avoiding accountability in its enforcement actions.
“The SEC’s silent treatment is old and tired, and its refusal to release these records is, quite frankly, suspicious,” said Tristan Leavitt, president of Empower Oversight.
Leavitt emphasized that transparency is essential to addressing concerns over regulatory bias and ensuring accountability in the crypto sector.
The SEC has faced mounting criticism for its regulatory approach, with industry leaders, including Coinbase, accusing the agency of selective enforcement.
Former SEC Chair Gary Gensler also faced scrutiny for aggressive litigation against major crypto firms like Coinbase and Ripple.
Empower Oversight remains committed to obtaining the SEC OIG report, arguing that public access to the findings is necessary to evaluate the agency’s handling of crypto regulations.
@ Newshounds News™
Source: Crypto News
~~~~~~~~~
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Plan to Abolish the Fed and Income Tax, is $100K Gold Next?
Plan to Abolish the Fed and Income Tax, is $100K Gold Next?
Taylor Kenny: 2-4-2025
Imagine a world where you don’t have to file taxes every year. No more deductions, no more credits, just a paycheck you keep entirely. It sounds like a utopian dream, and it’s one seemingly floated by President Donald Trump.
While details remain scarce, the mere suggestion of eliminating income tax has sparked a whirlwind of speculation – most notably, the potential for gold prices to skyrocket to unprecedented levels, possibly even exceeding $100,000 per ounce.
Plan to Abolish the Fed and Income Tax, is $100K Gold Next?
Taylor Kenny: 2-4-2025
Imagine a world where you don’t have to file taxes every year. No more deductions, no more credits, just a paycheck you keep entirely. It sounds like a utopian dream, and it’s one seemingly floated by President Donald Trump.
While details remain scarce, the mere suggestion of eliminating income tax has sparked a whirlwind of speculation – most notably, the potential for gold prices to skyrocket to unprecedented levels, possibly even exceeding $100,000 per ounce.
But is this a realistic possibility, or just wishful thinking? And what would it take to replace such a significant revenue stream for the government?
Trump’s vision, as hinted at, involves potentially replacing income tax with tariffs on imported goods. This radical shift would fundamentally alter the way the US economy operates. Proponents argue it would simplify the tax system, incentivize domestic production, and potentially boost certain sectors.
So, where does gold fit into this equation? The answer lies in uncertainty. Dramatic shifts in economic policy, especially those involving potential inflation and trade disruption, often drive investors towards safe-haven assets like gold.
While the possibility of a massive gold surge is undoubtedly intriguing, a price of $100,000 per ounce remains a highly speculative scenario. Several factors would need to align perfectly for such an extreme outcome. Other potential implications beyond gold would also need to be considered in the event of a trade war.
However, the discussions surrounding Trump’s economic proposals highlight the potential for significant changes in the global financial landscape. The combination of unprecedented fiscal policies, potential trade disruptions, and questions surrounding the role of the Federal Reserve creates a climate of uncertainty that undoubtedly favors safe-haven assets, putting gold squarely in the spotlight.
Whether it will reach $100,000 or not remains to be seen, but one thing is clear: the potential shift underway in the financial system is already making waves, and the possibility of a major shakeup is something investors can’t afford to ignore.
CHAPTERS:
00:00 - Trump’s Radical Income Tax Proposal
01:11 - The Pre-1913 Financial System Explained
02:23 - Why the Federal Reserve & Income Tax Go Hand in Hand
04:18 - Could Gold Be Revalued? A Look at 1934 & Today
06:07 - The BIS & IMF’s Role in a Global Currency Reset
07:15 - How a Gold Revaluation Could Change Everything
08:21 - What This Means for Your Financial Future
News, Rumors and Opinions Wednesday 2-5-2025
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 Wed. 5 Feb. 2025
Compiled Wed. 5 Feb. 2025 12:01 am EST by Judy Byington
Judy Note: Stock Market to crash and Banks shut down. Bitcoin? Gone. China’s digital control? Destroyed. Only gold-backed currencies would remain as the power grid collapsed – the power to be immediately replaced by Tesla Free Energy coming from the heart of the Earth.
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 Wed. 5 Feb. 2025
Compiled Wed. 5 Feb. 2025 12:01 am EST by Judy Byington
Judy Note: Stock Market to crash and Banks shut down. Bitcoin? Gone. China’s digital control? Destroyed. Only gold-backed currencies would remain as the power grid collapsed – the power to be immediately replaced by Tesla Free Energy coming from the heart of the Earth.
~~~~~~~~~~
Global Currency Reset
Wed. 5 Feb. 2025 according to Bruce Tier4 a, b (Us, the Internet Group) will be notified by email of how to set redemption appointments, with those appointments beginning Wed. or Thurs. 6 Feb. 2025.
Sun. 9 Feb. QFS set to become fully operational with intense military operations.
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Tues. 4 Feb. 2025 Bruce 667-770-1866, pin123456#:
Several Redemption Center Leaders said Iraq brought out a new rate last Sun. 2 Feb.
Bond Holders will be (allegedly) getting notified by email tomorrow Wed. 5 Feb. at five different times. They get access to their funds on Wed. 5 Feb.
Tier 4 a, b (us, the Internet Group) is supposed to get notification through email around ten am tomorrow Wed 5 Feb. and start appointments tomorrow afternoon or will on Thurs. 6 Feb.
You can (allegedly) get up to $2,000 cash in gold/asset-backed US Notes twice a day at the Bank ATMs.
The new rates are supposed to be up tomorrow Wed. 5 Feb.
The Redemption Centers are supposed to be fully staffed by 10 am on Wed. 5 Feb.
Redemption appointments could start tomorrow Wed. 5 Feb. or will begin on Thurs. 6 Feb.
~~~~~~~~~~~~
Global Financial Crisis:
Tues. 4 Feb. 2025: “In addition to eliminating all personal and corporate income taxes, the death tax, gift taxes, and the payroll tax, the Fair Tax would also eliminate the need for the Internal Revenue Service.” https://www.newsweek.com/republican-plan-abolish-federal-income-taxes-irs-reform-2023362
Read full post here: https://dinarchronicles.com/2025/02/05/restored-republic-via-a-gcr-update-as-of-february-5-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: “IRAQ ISSUES NEW BANKNOTES WITH INNOVATIVE SECURITY FEATURES FOR THE VISUALLY IMPAIRED.. PHOTOS”. I have to once again reinforce...that the issuance of the visually impaired three zero notes is not an issue. As an investor, this is not something you should worry about...it is actually a good thing for our investment not a negative impact.
Militia Man If they're going to be paying salaries, if they're going to be allowing oil to move, change is coming. We can all feel they're going to have to adjust their exchange rate...If they were going to expose 1310 they would have done it a long time ago. They would have never waited this long. They wouldn't have hid it and they would have made the budget tables public...Are they waiting for a special time? It sure looks like it. A digital transformation is upon them and they're going to have an interconnection with a digital platform to move their currency...I think Iraq is probably not going to be the only one that's going to be involved in this.
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Iraqi Parliament Votes on Budget Amendments
Edu Matrix: 2-4-2025
Iraqi Parliament Votes on Budget Amendments - The Iraqi Parliament has made a significant decision by voting on crucial amendments to the federal budget law, impacting the nation’s economy and oil exports from the Kurdistan Region. In a session marked by tension and protests, lawmakers faced heated debates around critical issues, including the General Amnesty Law and financial disputes with the KRG.
Despite a boycott by some members, the amendments were passed, highlighting the urgent need for economic stability in Iraq.
In Our FACES! SOMETHING IS BEING SET UP, (BE ON GUARD). VERY IMPORTANT UPDATES.
Greg Mannarino: 2-5-2025
This Will Likely Be A Really Big Deal For Gold
This Will Likely Be A Really Big Deal For Gold
Notes From the field by James Hickman (Simon Black) February 4, 2025
Well that was fast.
The smoke had barely cleared on the opening salvo of the Great North American trade war, when all sides called a truce to talk out their differences.
Just as we wrote yesterday, this is exactly what I was hoping would happen. In fact, in a Zoom call that Peter and I had Friday with our Total Access members, we predicted this outcome: that the trade wars were just an elaborate show to demonstrate to the world that America is willing to make good on its threats, and force everybody to the negotiation table.
This Will Likely Be A Really Big Deal For Gold
Notes From the field by James Hickman (Simon Black) February 4, 2025
Well that was fast.
The smoke had barely cleared on the opening salvo of the Great North American trade war, when all sides called a truce to talk out their differences.
Just as we wrote yesterday, this is exactly what I was hoping would happen. In fact, in a Zoom call that Peter and I had Friday with our Total Access members, we predicted this outcome: that the trade wars were just an elaborate show to demonstrate to the world that America is willing to make good on its threats, and force everybody to the negotiation table.
There may be some short term benefit that comes from this. But as we said yesterday, there will likely be some long term consequences and here’s why:
According to Federal Reserve data, there will be roughly $28 trillion worth of US government bonds maturing over the next four years, i.e. now through the end of 2028.
That’s more than 75% of the government’s $36+ trillion national debt.
This is an absolutely staggering figure, averaging $7 trillion per year for the next four years.
And remember, we’re just talking about the existing debt that is set to mature. It doesn’t even include new debt that has to be issued over the next four years, which could easily be another $7-10 trillion.
This is an enormous problem for the Treasury Department, because they clearly don’t have $28 trillion to repay those bondholders.
Now, usually whenever a government bond matures, the investor might simply roll the proceeds into a new government bond. In other words, the old bond matures, and the investor puts the entire principal and interest into a new bond at whatever the higher interest rate is today.
This alone is going to cost the government a lot of money, because most of the bonds that are maturing over the next four years were originally issued 5, 10, or even 20 years ago, when interest rates were much, much lower.
So let’s do the math: if the government issued $28 trillion in the past at an average interest rate of 3%, but now they’ll have to refinance all that debt at a new rate of 5%, then effectively they’ll be paying an extra 2% per year.
That’s almost $600 billion in additional interest EACH YEAR on top of the $1.1 trillion interest bill that they’re currently paying. But even that might be wishful thinking.
And the reason why is, if you look at America’s public debt, the investors who buy those bonds are split pretty evenly between US entities (the Federal Reserve, American companies, US individual investors) and foreign investors (foreign government, central banks, multinationals).
This is critical to understand: the Treasury Department relies very heavily on foreigners to buy US government bonds and help fund the national debt.
At the moment, most countries around the world have to buy US government bonds simply because the US dollar is still the world’s dominant reserve currency. So they are essentially forced to hold US dollar assets, and Treasury securities are still the most liquid US dollar assets in the world.
Yet for the past several years there has been a significant movement underway by a number of countries to engage in trade and commerce without using the dollar. And this movement is growing.
I mentioned in my letter to you yesterday that the brand new Secretary of State Marco Rubio acknowledged this over the weekend, suggesting that the dollar’s dominance could be seriously diminished within five years.
Facing the constant threat of sanctions and tariffs will only motivate Brazil, Russia, China, India, and even many countries in Europe, to accelerate their diversification away from the dollar, and away from the United States.
The natural beneficiary of that trend will be gold.
We’ve written about this extensively. Gold rocketed to an all time high last year because central banks, and foreign governments, were reducing their dollar holdings.
And think about it. If you’re a foreign central bank and you have $100 billion of US government bonds that are about to mature, what are you going to do?
Are you going to reinvest that entire $100 billion back into a country that might already be threatening you with economic penalties?
Or do you quietly let the treasuries mature, take the money, and find someplace else to invest that $100 billion?
A lot of foreign governments and central banks are going to be giving serious consideration to option two.
But they are going to have to invest that money in an asset that, like US dollars, is widely accepted, and has universal value and marketability around the world.
Gold is one of those assets. And that’s why central banks have been buying so much of it for the past couple of years.
I think there’s an obvious case to be made, given the prospects of tariffs and further trade wars, or even just the threats thereof, they are going to keep buying gold and send the price even higher.
So if you’re interested in hedging against future risks to the US dollar, gold makes a lot of sense.
But on a final note, I’ll point out as I have in the past, that foreign governments and central banks buy gold. They do not buy shares in gold companies.
And right now there is a bizarre financial paradox in that gold is at an all time high, but thriving, profitable businesses which produce gold are trading at absurd discounts.
And we’ll talk about some examples over the next few days.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/this-will-likely-be-a-really-big-deal-for-gold-152041/
Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-5-25
Good Morning Dinar Recaps,
REPUBLICAN LAWMAKERS LAUNCH BICAMERAL WORKING GROUP TO BRING CLARITY TO CRYPTO
Republican lawmakers announce a bicameral working group to fast-track crypto regulations, focusing on stablecoins and digital asset market rules in a major push for long-awaited industry clarity.
Republican lawmakers are stepping up their efforts to bring clear rules to the crypto industry, forming a bicameral* working group to push legislation on stablecoins and digital asset market structures.
Good Morning Dinar Recaps,
REPUBLICAN LAWMAKERS LAUNCH BICAMERAL WORKING GROUP TO BRING CLARITY TO CRYPTO
Republican lawmakers announce a bicameral working group to fast-track crypto regulations, focusing on stablecoins and digital asset market rules in a major push for long-awaited industry clarity.
Republican lawmakers are stepping up their efforts to bring clear rules to the crypto industry, forming a bicameral* working group to push legislation on stablecoins and digital asset market structures.
The move, announced on Feb. 4 at a Capitol Hill press conference, marks a coordinated effort between key House and Senate leaders to create a structured framework for crypto regulation, an issue that has remained in legal limbo for years.
The working group includes members from four major committees—the House Financial Services Committee, the House Agriculture Committee, the Senate Banking Committee, and the Senate Agriculture Committee—showing that lawmakers see crypto regulation as an issue that spans multiple sectors of financial oversight.
Representative French Hill of Arkansas, along with Senators Tim Scott and John Boozman and Representative Glenn Thompson, will play leading roles in shaping these policies, drawing from existing legislative efforts while introducing new proposals.
Lawmakers plan to build on the Financial
Innovation and Technology for the 21st Century Act (FIT21), which passed a House committee in 2024, while also using a new stablecoin bill introduced by Senator Bill Hagerty on Feb. 4 as a starting point for further discussions.
Senate Banking Chair Tim Scott has made it clear that speed is a priority, saying he wants to push the crypto bills through the Senate within the first 100 days of the congressional session.
Conversations with Democratic colleagues are already underway, raising the possibility that some elements of these bills could gain bipartisan support.
At the press conference, David Sacks, Trump’s crypto and artificial intelligence czar, spoke about the broader vision for digital assets, calling this a key moment to create a “golden age” for crypto in the U.S.
His role extends beyond Congress, as he is also overseeing a separate initiative within the White House to assess the possibility of a government-held Bitcoin reserve.
Trump’s executive order on Jan. 23 laid the foundation for that discussion, along with directives to prevent the creation of a central bank digital currency.
For years, the lack of clear rules has driven many crypto firms to set up operations overseas, where regulations have been more clearly defined. If successful, this working group could finally give the crypto industry the clarity it has long been waiting for.
*Bicameral legislature is a lawmaking body that's divided into two separate chambers. The two chambers work together to pass laws. A bicameral legislature in the United States Congress: The House of Representatives and the Senate are the two chambers of the U.S. Congress.
@ Newshounds News™
Source: Crypto News
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ROBINHOOD HALTS SUPER BOWL BETS A DAY AFTER LAUNCH ON CFTC REQUEST
Robinhood Markets has suspended Super Bowl betting after receiving a request from the Commodities and Futures Trading Commission to nix its customers’ access to the event contracts.
The halt comes just a day after Robinhood launched the product in partnership with prediction market Kalishi, allowing wagers on the outcome of the Philadelphia Eagles versus Kansas City Chiefs Feb. 9 game in the National Football League’s championship Super Bowl.
In a Feb. 4 announcement, Robinhood said it would suspend the rollout of the Pro Football Championship market as it continues to work with the CFTC to understand its concerns.
The firm said it had rolled out the product to around 1% of its customers, some of who had already placed trades.
“We are disappointed by this outcome, especially given that we had been in regular communication with the CFTC about our intent and plans to offer this product,” Robinhood said.
It comes just a day after reports that the CFTC was probing Crypto.com and Kalshi over their offerings of Super Bowl event contracts and whether they comply with derivatives regulations.
Event contracts differ from traditional betting in that the odds come from a pool of users betting on the likely winner rather than a bookmaker creating the odds.
Crypto.com told Cointelegraph it would continue to offer the wagers despite the probe.
Robinhood made its first foray into event contracts in October, offering trades based on the outcome of the US presidential election.
The announcement followed a court win by prediction platform Kalshi against the CFTC, allowing the platform to offer US-based users contracts for betting on election outcomes.
@ Newshounds News™
Source: CoinTelegraph
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“Tidbits From TNT” Wednesday Morning 2-5-2025
TNT:
Tishwash: Finance announces the launch of national bonds (first issue) for public subscription
The Ministry of Finance, represented by the Public Debt Department, announced the launch of national bonds (first issue) for public subscription, with a total value of (2) trillion Iraqi dinars, for the period from February 10 to March 10, 2025, as part of its plan to enhance local investment and provide savings tools for citizens and investors.
The ministry's statement stated that the bonds are distributed into two categories: ️The first bond is worth 500,000 dinars with an annual interest of 6%, and is due after two years, with interest paid every six months.
TNT:
Tishwash: Finance announces the launch of national bonds (first issue) for public subscription
The Ministry of Finance, represented by the Public Debt Department, announced the launch of national bonds (first issue) for public subscription, with a total value of (2) trillion Iraqi dinars, for the period from February 10 to March 10, 2025, as part of its plan to enhance local investment and provide savings tools for citizens and investors.
The ministry's statement stated that the bonds are distributed into two categories: ️The first bond is worth 500,000 dinars with an annual interest of 6%, and is due after two years, with interest paid every six months.
The second bond is worth 1,000,000 dinars with an annual interest of 7.5%, and is due after four years, with interest paid every six months. It explained
The bonds are characterized by their tradability on the Iraq Stock Exchange, which provides a distinct investment opportunity for citizens and companies looking for stable financial instruments.
She explained that the bond offering comes based on Article 77 first of the Federal General Budget Law No. (13) for the years 2023, 2024, and 2025, with the aim of supporting the national economy and enhancing confidence in the Iraqi financial system. link
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Tishwash: Governor of the Central Bank of Iraq receives the French Ambassador accompanied by a delegation from the French business sector
The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received the French Ambassador to Iraq, Mr. Patrick Dorrell, and a French delegation, which included a number of French banks and companies in various sectors, in the presence of officials from the Central Bank of Iraq and the Director General of TBI Bank.
His Excellency the Governor reviewed the investment opportunities in all sectors, especially after the security stability witnessed by Iraq.
He explained the priorities, plans and initiatives that the Central Bank is working on to achieve general stability in prices by controlling the inflation rate, and supporting economic growth through its financing initiatives to achieve economic diversification.
He pointed to the role of the Central Bank in expanding financial inclusion, moving to electronic payment, digitizing the economy, integrating into the global economy and its financial system, and the great success in moving foreign transfer operations to the latest international practices and standards.
His Excellency explained the laws that facilitate the movement of investors' funds into and out of Iraq, stressing the endeavor to overcome the difficulties facing investment companies wishing to work in Iraq, within the area of specialization.
For his part, His Excellency the French Ambassador stressed that French companies have an important and great opportunity to invest in Iraq and deal directly with the private sector, especially with the existence of laws that support investors and commercial projects.
The French delegation also participated in the dialogue and raised the most important questions that contribute to understanding investment opportunities, while His Excellency took the initiative to answer the delegation’s inquiries as well as the officials present at this meeting.
Central Bank of Iraq
February 4, 2024
Media Office link
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Tishwash: Joint statement by the Sudanese Office and the Central Bank on the modernization of the banking sector
Joint statement from the Office of the Prime Minister and the Central Bank of Iraq,
Banking reforms constitute an important pillar of the economic reform adopted in the government program. In order to complete the important steps that the government has started in this framework since it began its work, and in order to achieve a package of development targets that require banking development, the government, in cooperation with the Central Bank of Iraq, has embarked on a comprehensive initiative that includes a comprehensive strategic banking reform process that constitutes a turning point in the history of economic development in Iraq, and is consistent with the extent of commitment to raising the level of banking standards, enhancing financial flexibility, and supporting the competitiveness of the financial system.
These comprehensive reforms aim to keep pace with developments in the countries of the region and the world, and contribute to opening partnerships and prospects for communication with the outside world on a broad scale in modern banking and financial transactions, as the Central Bank works to implement and develop regulatory and supervisory frameworks with international partners, which contributes to achieving sustainable growth and development of the banking sector, just as the government works to support the reforms and efforts of the Central Bank of Iraq in developing the state of the banking sector.
These reform efforts focused on the following main areas:
1- Strengthening ownership structures and governance frameworks, by enhancing transparency and accountability, through measures including the creation of diverse ownership structures, and ensuring independent oversight by boards of directors over operations and committees.
2- Raising the level and standards of service, by increasing access to basic financial services for all members of the Iraqi people, through enhancing efficiency, increasing the supply of products, and modernizing the infrastructure of the banking sector.
3- Harmonization and conformity with international standards, by imposing adherence to recognized frameworks and practices in the areas of combating money laundering and combating the financing of terrorism, as well as commitment to financial transparency in order to ensure smooth banking services and support businesses and citizens’ needs.
4- Enhancing financial flexibility, by enhancing the financial safety of Iraqi banks and setting strong requirements regarding capital and cash liquidity, to protect customer deposits and protect the economy in the face of local and international challenges.
This initiative comes within the framework of a broader strategy aimed at modernizing the banking sector, which the Central Bank of Iraq is currently developing in partnership with Oliver Wyman, a leading global management consulting firm. The ongoing reforms being implemented with government banks enhance the integration of this strategy, representing a turning point in the future of the Iraqi financial system.
The implementation details of these reforms will be presented later.
From this standpoint, the government and the Central Bank affirm the adoption of a common reform vision, which is to establish a modern, transparent and comprehensive banking system that supports the aspirations of the dynamic economy of the Iraqi state. link
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Mot: . poor ole ""Earl"" -- the abuse!! – LOL
