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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 7-17-25
Bank of America Eyes Stablecoins to Help Move Trillions in Client Transactions
Bank of America (BoA) has confirmed that it is actively exploring the use of stablecoins to modernize its payment infrastructure, potentially transforming the way trillions of dollars in client funds are transferred through its systems daily.
During BoA’s Q2 2025 earnings call, CEO Brian Moynihan discussed the bank’s initial strategy around stablecoin integration, revealing that the focus is currently on using stablecoins as a transactional mechanism—a notable shift for one of the world’s largest financial institutions.
“We believe that if they [clients] want to use stablecoins to move part of that money, they’ll move,” Moynihan said, referring to stablecoin rails that facilitate dollar- and euro-based transactions.
Bank of America Eyes Stablecoins to Help Move Trillions in Client Transactions
Bank of America (BoA) has confirmed that it is actively exploring the use of stablecoins to modernize its payment infrastructure, potentially transforming the way trillions of dollars in client funds are transferred through its systems daily.
During BoA’s Q2 2025 earnings call, CEO Brian Moynihan discussed the bank’s initial strategy around stablecoin integration, revealing that the focus is currently on using stablecoins as a transactional mechanism—a notable shift for one of the world’s largest financial institutions.
“We believe that if they [clients] want to use stablecoins to move part of that money, they’ll move,” Moynihan said, referring to stablecoin rails that facilitate dollar- and euro-based transactions.
From Exploration to Execution
BoA has been researching stablecoin usage since early 2025, with Moynihan reiterating the bank’s readiness to move forward pending regulatory clarity. The institution has reportedly discussed the possibility of joint stablecoin issuance in partnership with JP Morgan and Citigroup.
“We’ve done a lot of work. We’re still trying to figure out how big or small it is… So you’d expect us all to move,” Moynihan noted.
Though the CEO emphasized the exploratory nature of the current effort, he acknowledged stablecoins' potential to streamline financial movement at scale, especially in areas where traditional rails underperform or lack efficiency.
Stablecoin Market Momentum Continues
BoA’s interest comes amid rapid market expansion and a regulatory push to formally define the role of fiat-pegged digital assets in the U.S. financial system:
Stablecoin transaction volume exceeded those of Visa and Mastercard combined in 2024.
Total market capitalization has soared to $257 billion, nearly doubling since early 2023.
Tether (USDT) and Circle’s USDC together account for over 85% of that total.
Industry experts increasingly regard stablecoins as the "default settlement layer" for digital commerce and cross-border financial exchange.
Legislation as a Catalyst: GENIUS Act Faces Delay
The GENIUS Act, a sweeping bill that would establish a federal framework for stablecoin issuance and compliance, has been a key enabler for traditional banks like BoA to move forward. The bill passed the Senate in June with bipartisan support, but encountered a procedural roadblock in the House this week.
Despite the delay, House leadership has signaled that the GENIUS Act could receive a floor vote by Thursday, marking a potential turning point for U.S. banks seeking to enter the stablecoin sector under clear rules.
Mixed Q2 Earnings Amid Strategic Shift
BoA also reported mixed financial results for Q2:
Net income rose 3% to $7.12 billion, beating expectations.
Revenue increased 4% to $26.61 billion, though slightly below forecasts.
As competition heats up and stablecoins become central to next-gen finance, Bank of America’s cautious but deliberate entrance into the space signals that the tokenization of traditional banking services is no longer theoretical—it’s underway.
@ Newshounds News™
Source: Cointelegraph
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Tether in Trouble as GENIUS Act Targets USDT — Is a Market Collapse Ahead?
Crypto analyst Jacob King is raising alarms about what he describes as the potential “bloodiest event in Bitcoin’s modern history,” warning that the GENIUS Act could effectively lead to the ban of Tether (USDT) and spark a devastating collapse across the broader crypto market.
The GENIUS Act—currently gaining momentum in Congress—aims to regulate stablecoins, but King claims the legislation puts Tether directly in the crosshairs, threatening the entire structure of Bitcoin liquidity and trading volume.
Tether Printing Sparks Alarm
According to King, Tether’s recent minting of 160 billion USDT is a desperate attempt to inflate Bitcoin and crypto markets artificially. He argues that USDT is being “printed out of thin air” to prop up prices, a criticism that has long dogged Tether amid transparency concerns and accusations of insufficient reserves.
“Without Tether, people will realize how fake everything has been,” King stated.
King suggests that 85–90% of daily Bitcoin volume is dependent on USDT, a metric he argues underscores the fragility of the entire crypto ecosystem.
Institutional Outflows & Insider Moves
Further stoking fears, King cites a surge in ETF outflows this week as evidence that institutions are quietly exiting the market. He contends that major players are shedding Bitcoin positions while retail investors remain largely unaware of what’s happening behind the scenes.
King also accuses Tether insiders of dumping Bitcoin via OTC trades, insulating themselves ahead of what he claims is an inevitable collapse.
GENIUS Act: Regulation, Not a Ban
Despite the ominous outlook, the GENIUS Act does not outright ban Tether. Instead, it provides 18–36 months for existing stablecoin issuers to achieve compliance, offering a regulatory pathway rather than an immediate shutdown.
In fact, market data contradicts King’s thesis:
ETF flows have shown net inflows, not the “mass exits” King suggests.
Tether remains the dominant stablecoin, with over $100 billion in circulation, despite persistent scrutiny.
Ripple’s RLUSD and the Future of Stablecoins
As the GENIUS Act advances, new contenders like Ripple’s RLUSD may begin to take market share, particularly as regulatory clarity favors compliant, transparent issuers. If Tether falters under legislative pressure, Ripple’s offering could emerge as a leading alternative for institutional-grade stablecoin use.
Conclusion: Panic or Perspective?
While Jacob King's analysis has ignited debate, his claims—lacking concrete evidence—should be viewed as highly speculative. Still, his warnings highlight the precarious balance in a market heavily reliant on a few centralized stablecoin providers.
The GENIUS Act marks a turning point in U.S. crypto regulation. Whether it ushers in collapse or evolution depends on how both the industry and regulators respond in the months ahead.
@ Newshounds News™
Source: Coinpedia
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Trump’s Economic Nationalism Escalates, Pressures India and BRICS
President Donald Trump’s aggressive tariff strategy is intensifying economic tensions between the U.S. and the BRICS bloc, particularly India. Trump has announced a blanket 10% tariff on all BRICS member imports, along with a potential 200% levy on pharmaceutical products—a move that could spark a U.S.-India trade war and severely disrupt global supply chains.
Key Developments:
Trump announces 10% tariff on all BRICS bloc imports
200% tariffs proposed on pharmaceutical imports, targeting India’s key export sector
India exported $9.8 billion in pharmaceuticals to the U.S. in 2024–25, accounting for over 30% of Indian drug exports
BRICS dollar trade initiatives face rising pressure from U.S. trade protectionism
Indian copper exports and broader industrial sectors also threatened by tariff escalation
BRICS Under Economic Siege
Trump’s sweeping tariffs are not just economic measures—they represent a symbolic strike against the BRICS alliance, which has grown into a major counterbalance to U.S. economic hegemony. BRICS accounts for 32% of global GDP and over 40% of the world’s population. Many BRICS members are actively working to reduce dependency on the U.S. dollar, a shift that threatens longstanding U.S. advantages in global trade.
According to data from the Office of the United States Trade Representative (USTR), U.S. imports from BRICS nations totaled $886 billion in 2024. A 10% tariff across the board would impose $88 billion in additional duties, potentially slowing BRICS economic growth and disrupting dollar decoupling initiatives. India, a key BRICS member and strategic U.S. partner, is now caught between bloc solidarity and bilateral dependency.India’s Pharmaceutical Sector in the Crosshairs
The proposed 200% tariff on pharmaceutical imports directly targets India’s export strength. In 2024–25, India shipped $9.8 billion in pharmaceuticals to the U.S., a 21% increase year-over-year. These exports account for more than 30% of India’s total drug exports, supplying critical medications across various segments of the American healthcare system.
The tariffs could raise drug prices dramatically, impacting millions of Medicare and Medicaid recipients, especially in high-demand states like Texas, California, and Florida. This cost shock could reshape the political landscape, as vulnerable populations feel the squeeze of U.S. protectionism in the most sensitive area—healthcare.
Strategic Trade War Implications
Trump’s tariff escalation marks a turning point in global trade strategy, especially for India. A proposed 50% tariff on Indian copper exports threatens $360 million of industrial shipments to the U.S., undermining producers in states like Gujarat and Tamil Nadu. The broader $150–200 billion India–U.S. trade proposal now faces deep uncertainty.
India has made clear that it will not offer further concessions, signaling a hardened position in trade negotiations. The economic fallout from these tariffs could accelerate BRICS efforts to bypass the U.S. dollar and deepen intra-bloc cooperation in supply chains, technology, and trade infrastructure.
BRICS May Emerge More United
While the U.S. may be aiming to weaken BRICS influence through punitive trade measures, the effect could be the opposite. Instead of fracturing the alliance, Washington’s economic aggression may galvanize BRICS unity, especially on initiatives like alternative payment systems, blockchain integration, and currency de-dollarization.
India’s delicate position—balancing historic ties with Washington and its growing role within BRICS—could force major diplomatic recalibrations across Asia, Africa, and Latin America.
@ Newshounds News™
Source: Watcher Guru
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Massive Wealth Transfer Accelerates as They Inflate the Illusion
Massive Wealth Transfer Accelerates as They Inflate the Illusion
Taylor Kenny: 7-17-2025
The illusion of prosperity is wearing thin. As inflation quietly steals your purchasing power, the largest wealth transfer in modern history accelerates—by design.
This video exposes how government-backed “counterfeiting” inflates away your savings and enriches the elite.
If you think the dollar’s collapse is a future threat, think again—it's already underway.
Massive Wealth Transfer Accelerates as They Inflate the Illusion
Taylor Kenny: 7-17-2025
The illusion of prosperity is wearing thin. As inflation quietly steals your purchasing power, the largest wealth transfer in modern history accelerates—by design.
This video exposes how government-backed “counterfeiting” inflates away your savings and enriches the elite.
If you think the dollar’s collapse is a future threat, think again—it's already underway.
CHAPTERS:
0:00 Do Not Be Fooled
1:58 What Has Government Done To Our Money?
4:15 Wealth Transfer
7:04 Crack-Up BOOM
9:06 Built to Endure
The Banks Are Running Scared As Silver Surges | Andy Schectman
The Banks Are Running Scared As Silver Surges | Andy Schectman
Liberty and Finance: 7-16-2025
Dunagun Kaiser and Andy Schectman discuss the current state of the silver market, highlighting unprecedented stress and a potential disconnect between paper futures and physical prices.
Schectman points to record-low silver inventories at the LBMA, soaring lease rates, and commercial banks holding the largest short position in COMEX history as evidence of a tightening physical market.
The Banks Are Running Scared As Silver Surges | Andy Schectman
Liberty and Finance: 7-16-2025
Dunagun Kaiser and Andy Schectman discuss the current state of the silver market, highlighting unprecedented stress and a potential disconnect between paper futures and physical prices.
Schectman points to record-low silver inventories at the LBMA, soaring lease rates, and commercial banks holding the largest short position in COMEX history as evidence of a tightening physical market.
They also touch upon the broader economic landscape, including the dollar's decline despite high interest rates, and the strategic accumulation of physical precious metals by sophisticated investors and BRICS nations, which is seen as a long-term play to potentially de-dollarize the global financial system.
INTERVIEW TIMELINE:
0:00 Intro
3:25 Silver’s move
14:30 Silver market disintermediation
23:10 Dollar & BRICS+
38:13 Trump tariffs
Seeds of Wisdom RV and Economic Updates Thursday Morning 7-17-25
House Republicans Pass Crypto Bills After Record 10-Hour Vote
In a historic procedural showdown, House Republicans passed three major cryptocurrency bills late Wednesday night, following a record-breaking 10-hour vote. The final tally came in at 217-212, clearing a major hurdle for crypto regulation in the United States.
Key Highlights:
House Republicans Pass Crypto Bills After Record 10-Hour Vote
In a historic procedural showdown, House Republicans passed three major cryptocurrency bills late Wednesday night, following a record-breaking 10-hour vote. The final tally came in at 217-212, clearing a major hurdle for crypto regulation in the United States.
Key Highlights:
Three major crypto bills advanced: the GENIUS Act (stablecoin regulation), the CLARITY Act (market structure), and the Anti-CBDC Surveillance Act
Longest procedural vote in House history, lasting from 1:19 PM to 11:04 PM ET
Final deal included a ban on Central Bank Digital Currencies (CBDCs) attached to the must-pass National Defense Authorization Act (NDAA)
The GENIUS Act could reach President Trump’s desk by Thursday
The CLARITY Act vote may happen next week, depending on scheduling
Procedural Drama and Compromise
The vote nearly failed to materialize.
Hardline Republicans from the House Freedom Caucus initially blocked the measure on Tuesday, arguing that the crypto bills didn’t go far enough to block a Federal Reserve-backed CBDC. Their concern centered on the GENIUS Act, which they feared might offer a “back door” for a CBDC—despite its explicit language restricting Fed authority.
House leadership reached a compromise on Wednesday by agreeing to attach the CBDC ban to the NDAA, a must-pass defense spending bill that routinely clears both chambers of Congress.
This shift allowed the more controversial CBDC issue to be separated from the GENIUS and CLARITY Acts, enabling the House to move both crypto-focused bills forward.
Overview of the Bills
GENIUS Act
Establishes a regulatory framework for stablecoins
Expected to receive a final House vote on Thursday
President Trump has indicated he may sign it into law before the weekend
CLARITY Act
Focuses on market structure and regulatory clarity for digital assets
Final vote anticipated next week, although Speaker Mike Johnson suggested it could occur as early as Friday
Anti-CBDC Surveillance Act
Prohibits the Federal Reserve from issuing or piloting a retail CBDC
Now incorporated into the NDAA, increasing its chances of passage
Internal Divisions and Political Positioning
Representative Marjorie Taylor Greene was the only Republican to vote with Democrats against the procedural rule, standing out in what was otherwise a party-line vote.
Representative Keith Self also voiced strong concerns, warning that the GENIUS Act could still enable a Federal Reserve CBDC despite language explicitly limiting such powers.
A letter circulated among House Democrats urged opposition to the package, questioning whether Republicans could properly implement the new policies and warning of legislative overreach.
What Comes Next
The House is expected to vote on the GENIUS Act on Thursday. If it passes, it will proceed directly to President Trump’s desk for signature.
The CLARITY Act could be voted on next week, though timing remains flexible.
The NDAA, now containing the CBDC ban, will follow its usual path through Congress and is expected to pass later this session.
Conclusion
This week’s developments mark a significant moment in U.S. crypto policy. With stablecoin regulation, digital asset market structure, and CBDC limitations now moving through Congress, lawmakers are positioning the United States for a new era of financial innovation—while drawing firm boundaries around central bank authority.
@ Newshounds News™
Source: CoinCentral
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Citi and JP Morgan Confirm Strategic Shift Toward Stablecoins and Tokenized Deposits
The Q2 2025 earnings calls for Citi and JP Morgan offered a revealing look into how two of the world's largest financial institutions are positioning themselves within the evolving digital asset ecosystem—particularly in the areas of stablecoins and tokenized deposits.
While both banks expressed different tones on the future of these technologies, each confirmed a growing commitment to active participation, driven in part by regulatory clarity and competitive pressure from fintechs.
JP Morgan: Expanding Its Digital Footprint Despite Skepticism
During the call, JP Morgan CEO Jamie Dimon acknowledged growing customer demand and said the bank would remain “a player” in stablecoins and tokenized banking—even as he voiced skepticism about their necessity.
“We’re going to be involved in both JPMorgan deposit coin and stablecoins — to understand it, to be good at it,” said Dimon. “I think they’re real, but I don’t know why you’d want a stablecoin as opposed to just payment.”
Still, the bank is moving ahead with its plans:
JPMD, its deposit token pilot on a public blockchain, is currently being tested with both direct clients and the clients of affiliated financial institutions.
Kinexys Digital Payments (formerly JPM Coin/Onyx), JP Morgan’s permissioned blockchain-based platform, continues to process over $2 billion in daily transactions across global branches.
Dimon also hinted at the possibility of a joint bank-issued stablecoin, similar in spirit to Zelle, though he declined to confirm specifics.
“That’s a great question, and we’ll leave it remaining as a question,” he quipped, acknowledging the broader fintech pressure. “The way to be cognizant is to be involved.”
Citi: Emphasizing Tokenized Deposits and Custody Solutions
Citi CEO Jane Fraser offered a more structured and optimistic view, laying out four areas of focus as the bank deepens its digital asset capabilities:
Reserve management for stablecoins
On/off-ramping between fiat and digital coins
Exploring issuance of a Citi-branded stablecoin
Tokenized deposit infrastructure and crypto custody
Fraser confirmed that Citi Token Services, launched last year, is now live in four jurisdictions and has already processed billions in transactions. She described tokenized deposits as a core strategic pillar for the bank’s future positioning in digital finance.
“This is a good opportunity for us,” Fraser concluded, noting the potential for custodial services and new issuance models.
Legislative Catalyst: GENIUS Act Nearing Final Passage
A major driver behind the renewed interest from U.S. banks is the pending federal legislation on stablecoins. The GENIUS Act, which recently passed the Senate, is expected to be voted on in the House this week. The Act would create a legal framework for the issuance, regulation, and integration of stablecoins, giving banks and fintechs a clear path forward.
With regulatory uncertainty beginning to lift, both Citi and JP Morgan are racing to develop internal infrastructure, offerings, and services that will allow them to capitalize on the shift toward tokenized finance and on-chain banking.
@ Newshounds News™
Source: Ledger Insights
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News, Rumors and Opinions Thursday AM 7-17-2025
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.
Restored Republic via a GCR: Update as of Thurs. 17 July 2025
Compiled Thurs. 17 July 2025 12:01 am EST by Judy Byington
Summary:
As of Thursday, July 17, 2025 – Reports circulating from sources aligned with the “Restored Republic via a GCR” movement indicate that the world is on the cusp of a monumental transformation, with a Global Currency Reset (GCR) and the reestablishment of a restored republic allegedly in its final, active stages.
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.
Restored Republic via a GCR: Update as of Thurs. 17 July 2025
Compiled Thurs. 17 July 2025 12:01 am EST by Judy Byington
Summary:
As of Thursday, July 17, 2025 – Reports circulating from sources aligned with the “Restored Republic via a GCR” movement indicate that the world is on the cusp of a monumental transformation, with a Global Currency Reset (GCR) and the reestablishment of a restored republic allegedly in its final, active stages.
The public is urged to “Be Prepared” for what is described as an imminent rollout of the Emergency Broadcast System (EBS), a 72-hour blackout, and a Ten-Day Global Shutdown.
Possible Timing:
On Sun. 6 July 2025 The Quantum Financial System (QFS) was now (allegedly) online, signaling the dawn of a sovereign, debt-free world.
On Monday, July 7, the U.S. Treasury and Department of Defense (allegedly) green lit final payouts under the Global Currency Reset.
On Friday, July 11 at 7:00 PM ET — the old Fedwire® FAIM wire format for bank money transfers ended permanently.
On Sun. 13 July night at 9:00 PM ET the ISO® 20022 standard went live. Any financial messages not compliant was now rejected, as new digital rails took over with precision-timed data flows.
On Mon. 14 July at 8:33 PM EST (Tues. 15 July 2025 at 03:33 UTC Universal Time), Operation Chrysalis (allegedly) launched. The global currency values quietly recalibrated — marking the final reset. Treasury quantum nodes took full control. Legacy banking systems went into read-only mode. Payment processors now have 11 milliseconds to handshake with the new system, or be frozen and flagged for forensic audit.
Mon. 14 July was the final migration day before all Banks and FedWire went live on ISO20022. The day before “Crypto Week” began as labeled by US President Trump.
On Tues. 15 July, the Emergency Broadcast System (allegedly) locked in. All frequencies shifted from 60Hz to 432Hz, signaling activation.
Redemption Centers were now (allegedly) opened worldwide. Citizens will be invited in to create their own secure QFS wallets through StarLink terminals.
Thurs. 17 July 2025 was rumored to be a celebration day for the new American Republic and Global Currency Reset.
On Fri. 18 July revalued currencies will(allegedly) be made public. Fiat (allegedly) collapses instantly. QFS wallets activate globally for Tier 5 (the people). Energy, food, and commodity values shift in real time. It’s the end of centralized debt slavery.
GESARA is officially (allegedly) launched: – Global debt wiped – Central banks absorbed – Deepstate wealth returned to the people – Patriot-controlled banking systems emerge
Aug. 1 2025 President Trump: “Payments to citizens start on Aug. 1. You’ll be very happy because you’re gonna get a lot of money.”
Global Financial Situation:
Tues. 15 July 2025: MONETARY WARFARE INITIATED: 10,000 BRICS Banknotes Printed — The Dollar Is Targeted and President Trump Is Preparing the Counterstrike – amg-news.com – American Media Group
Read full post here: https://dinarchronicles.com/2025/07/17/restored-republic-via-a-gcr-update-as-of-july-17-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 If the salaries and the HCL is all tied to the oil and it's all found where? In the budget. The glue is a new exchange rate.
Militia Man Iraq has about $100 billion in reserves or more and they've got about 146 tons of gold and instead of being just oil they've got non-oil resources. All of that supports Iraq's real effective exchange rate into the future...
Walkingstick The HCL belongs to the Iraqi citizens. They get what's called a stipend, you get a little piece of it. But that little piece, along with the purchasing power...will make these Iraqi citizens very happy because the oil belongs to the Iraqi citizens...Iraqi citizens all have their own accounts so this stipend of the oil will be given to them. If they didn't have those bank accounts, they wouldn't be getting this oil...It is now digital.
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BREAKING NEWS Drone Strikes in Northern Iraq
Edu Matrix: 7-17-2025
Breaking news unfolds as the morning sun rises over northern Iraq, only to be disrupted by the chilling hum of drones above the vital oil fields of Zakho.
Dramatic explosions at the Tawke and Peshkabir facilities send black smoke billowing into the sky, forcing an immediate shutdown as workers race to safety.
As the day progresses, chaos escalates with drone strikes hitting the Baadre field and engulfing Sarang in flames, igniting fury across the region.
Accusations fly as the Kurdistan Regional Government decries these strikes as “terrorist attacks,” linking them to Iran-backed militias.
With the fragile balance of power in Iraq at stake, the threat looms large. Witness the unfolding turmoil and the human cost behind these devastating strikes.
OUTLINE:
00:00:00 Sunrise Over Oil Fields
00:00:34 Attacks on Baadre and Sarang
00:01:00 Accusations and Denials
00:01:33 Global Markets vs. Local Impact
00:02:00 Tensions and Uncertainty
“Tidbits From TNT” Thursday Morning 7-17-2025
TNT:
Tishwash: Kurdistan Region ratifies new financial agreement with Baghdad
The Kurdistan Regional Government's Council of Ministers approved a new understanding with the federal government on Wednesday, which includes mechanisms for disbursing salaries and financial dues to the region's employees, in addition to mutual financial and oil commitments.
The council held its meeting, chaired by Prime Minister Masrour Barzani, with the participation of Deputy Prime Minister Qubad Talabani, according to an official statement issued by the regional government.
TNT:
Tishwash: Kurdistan Region ratifies new financial agreement with Baghdad
The Kurdistan Regional Government's Council of Ministers approved a new understanding with the federal government on Wednesday, which includes mechanisms for disbursing salaries and financial dues to the region's employees, in addition to mutual financial and oil commitments.
The council held its meeting, chaired by Prime Minister Masrour Barzani, with the participation of Deputy Prime Minister Qubad Talabani, according to an official statement issued by the regional government.
At the beginning of the meeting, the Council of Ministers condemned the terrorist attacks targeting the region's oil fields, which led to material losses in the energy sector, stressing that their aim was to harm the economic infrastructure. The Council called on the federal government to take firm legal measures to stop these attacks and hold those responsible accountable.
The meeting also discussed the negotiating process with the federal government regarding the financial situation and salaries of the region's employees, with the Prime Minister and his deputy providing a detailed explanation of the results of the talks held in Baghdad yesterday.
According to the statement, the understanding included the federal government sending salaries and financial dues to the region in accordance with the new agreement. The Council of Ministers welcomed these understandings and decided to proceed with their implementation.
In a related development, Ali Hama Salih, head of the "Mawqif" bloc in the Kurdistan Parliament, wrote in a Facebook post that the regional government, under the agreement, agreed to deliver 120 billion dinars per month in local revenues, in addition to 230,000 barrels of oil per day to Baghdad. link
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Tishwash: Learn about the details of the new financial agreement between Baghdad and Erbil.
An informed source revealed details of a new financial agreement concluded between the federal government in Baghdad and the Kurdistan Regional Government on Wednesday, aiming to settle salaries, oil exports, and unify revenues .
The source told Al-Sa'a Network, "The agreement stipulates that the Kurdistan Regional Government will hand over 240 billion dinars in revenues for the months of May and June, at a rate of 120 billion dinars per month, in addition to handing over 230,000 barrels of oil per day to Baghdad, in exchange for the latter sending the salaries of the region's employees for those two months ."
He pointed out that "the regional government will actually begin the process of handing over local revenues from border crossings, along with the agreed-upon amount of crude oil, as part of implementing the terms of the new agreement ."
The source added, "The next phase will witness meetings between joint technical committees to review and audit figures and statistics related to oil exports and imports, as well as to discuss the region's share of the federal budget link
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Tishwash: American companies seek investments in Iraq's gas sector.
ectNew tender issued for a floating liquefied natural gas (LNG) terminal pro
With Iraq suffering from a severe gas and electricity shortage, especially in the summer, and insufficient domestic production, a large portion of which is flared as associated gas, and with gas imports from Iran having fallen by more than half, the country has re-tendered the construction of a floating storage and regasification unit (FSRU) to convert liquefied natural gas into gas for use in power plants.
The American company Accelerate Energy currently appears to be the favorite to implement this project.
A report published on the American energy news website Oil Price indicates that Iraq's plan to begin importing liquefied natural gas (LNG) this summer has not been successful, prompting the government to urgently revise its ambitions for the floating terminal.
With electricity demand increasing and gas supplies scarce, the Ministry of Oil has re-tendered the FSRU in an attempt to secure regasification capacity in time for summer 2026. US-based Accelerate Energy is now the most likely supplier, after a previous agreement with the UAE's Breeze Investment failed to advance.
The report states that timing is critical, as Baghdad faces another peak season without enough gas to stabilize the electricity grid, while US sanctions and fluctuating Iranian supplies are narrowing Iraq's fuel options.
The FSRU project will not only provide a technical solution, but could also be a turning point in Iraq's foreign energy policy by opening a commercial channel for importing gas from the United States.
Initial plans to import LNG were drawn up in early 2024, when the Ministry of Oil issued a limited tender to lease an FSRU, which would dock at one of the southern ports (Khor al-Zubair or Umm Qasr) and feed a 1.2 GW power plant under construction near Basra. Officials had hoped to have the unit operational before the peak summer of 2025, but this goal has not been met.
According to a report by MEES on July 11, initial talks with Breeze Investment stalled in June after the company's vessels were reassigned. Ezzat Saber, the deputy oil minister for gas affairs, told reporters that the government had urgently re-tendered the contract and expected to sign it within 10 days. However, any new agreement would likely extend beyond the current summer window, as contract timing, permitting, offshore infrastructure preparation, and ship commissioning all take time. Even if a quick deal is signed in July, gas flows are unlikely before the second quarter of 2026.
Baghdad is currently in active talks with Accelerate, which participated in the tender with Breeze earlier this year and is now the only viable short-term supplier. Accelerate owns a global fleet of regasification vessels and has recorded successful operations in several other countries. Its Exemplar vessel is reportedly completing a short mission in the Mediterranean and could reposition to Iraq in early 2026 if contracted soon.
For this reason, LNG imports are Iraq's most visible response to the gas supply crisis that has affected the electricity sector for more than a decade. Associated gas collection and processing remain insufficient and often flared, while non-associated fields remain undeveloped. The deficit peaks in the summer, when electricity demand exceeds 30 gigawatts. Production is expected to fall by more than 6 gigawatts during peak periods this year.
Iraq has long relied on gas and electricity imports from Iran to bridge its deficit, but this lifeline is beginning to shrink. In March 2025, the Trump administration allowed the sanctions waiver that had allowed Iraq to import electricity from Iran to expire, halting those imports and triggering emergency measures.
While the waiver allowing the import of Iranian gas remains in place, supplies have declined sharply. In early 2025, Iraq was receiving around 50 million cubic meters per day of Iranian gas, but by June, that figure had fallen to around 25 million cubic meters, according to government data.
The anticipated FSRU represents more than just a temporary solution; it will give Iraq its first access to international LNG markets and open a new, seamless supply channel.
From the United States' perspective, Accelerate's potential role as a supplier and operator presents an opportunity to strengthen strategic energy economic ties with Baghdad.
According to a Bloomberg report, with Iranian gas imports declining by about 25 million cubic meters per day, Iraq reported in early July a decrease in electricity generation capacity of about 3.8 gigawatts. link
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Mot: Sooooooo -- How Ya Get an old lady to Cuss!!!???
Mot: Ya Know!!! -- It's all about priorities!!!!
History’s Repeating, this Signal Crashed a Major Economy
History’s Repeating, this Signal Crashed a Major Economy
Steven Van Metre: 7-16-2025
The video presents a detailed analysis of a looming economic crisis centered on China’s economy, which investors increasingly believe is on the brink of collapse.
It highlights how the bond market, specifically long-term Chinese Treasury bond ETFs, is signaling expectations of a deep recession in China—contrary to misleading headlines suggesting investors are merely seeking safety.
The video uses U.S. economic data trends, particularly bond yields and GDP correlations, to illustrate how bond markets typically lead economic downturns.
History’s Repeating, this Signal Crashed a Major Economy
Steven Van Metre: 7-16-2025
The video presents a detailed analysis of a looming economic crisis centered on China’s economy, which investors increasingly believe is on the brink of collapse.
It highlights how the bond market, specifically long-term Chinese Treasury bond ETFs, is signaling expectations of a deep recession in China—contrary to misleading headlines suggesting investors are merely seeking safety.
The video uses U.S. economic data trends, particularly bond yields and GDP correlations, to illustrate how bond markets typically lead economic downturns.
Investors are speculating that China’s monetary easing efforts by the People’s Bank of China (PBOC) will fail to stimulate the economy effectively, prompting expectations of aggressive rate cuts and deflationary pressures.
The video emphasizes that monetary policy alone cannot revive growth if demand remains weak because new money creation depends on borrowing, and when borrowing contracts, money is effectively destroyed. This dynamic is reflected in falling commercial loan growth and weak consumer demand globally, including in the U.S.
China’s economic indicators show mixed signals: while GDP targets have been met, they mask fragile domestic demand and a housing market in steep decline.
Consumer retail sales, especially discretionary spending, have fallen sharply, signaling deeper economic pain. Despite government subsidies, the broader economy is deflating, with consumer price deflators in decline for nine consecutive quarters and real estate prices falling at their fastest pace in months.
The risks extend beyond China, with global spillover effects expected as Asian, European, and American economies face similar demand contractions.
U.S. data show slowing loan growth due to falling demand, weakening consumer spending power, and potential labor market vulnerabilities as manufacturers front-run tariff impacts with rising inventories but declining new orders.
The video concludes by warning that this bond-market-led signal resembles those preceding past financial crises, suggesting the global economy could be headed for another downturn.
It contrasts this grim outlook with a brief promotion of Next NRG, a company pioneering AI-driven clean energy solutions, highlighting its growth potential amid the evolving energy landscape.
More News, Rumors and Opinions Wed. PM 7-16-2025
KTFA:
Clare: IMF Explains Iraq's Exchange Rate Arrangement
16th July 2025 By John Lee.
The International Monetary Fund (IMF) has issued a brief explainer on Iraq's exchange rate arrangement.
As part of a follow-up to last week's report on the state of the Iraqi economy, the IMF clarified as follows:
"Exchange Rate Arrangement
"Iraq's de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement. The Central Bank Law gives the Board of the Central Bank of Iraq (CBI) the authority to formulate exchange rate policy.
KTFA:
Clare: IMF Explains Iraq's Exchange Rate Arrangement
16th July 2025 By John Lee.
The International Monetary Fund (IMF) has issued a brief explainer on Iraq's exchange rate arrangement.
As part of a follow-up to last week's report on the state of the Iraqi economy, the IMF clarified as follows:
"Exchange Rate Arrangement
"Iraq's de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement. The Central Bank Law gives the Board of the Central Bank of Iraq (CBI) the authority to formulate exchange rate policy.
"Effective February 8, 2023, the official exchange rate was set at ID 1,320 according to the closing prices of the daily bulletin of gold & main currencies published on the CBI website (www.cbi.iq).
"There has been a change to Iraq's exchange system since the last Article IV Consultation. Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any restrictions under this provision.
Iraq does not maintain any current account exchange restrictions or MCPs [Managed Currency Pegs].
Starting January 2025, all international transactions have been routed through commercial banks via their correspondent banking relationships (CBRs).
"The Central Bank of Iraq (CBI) replenishes these balances weekly based on foreign exchange demand and conducts audits to ensure that the allocated funds are used in compliance with AML/CFT regulations. Private banks are also encouraged to broaden their CBR networks, particularly with non-U.S. financial institutions." LINK
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Clare: Kurdish leader: Federal Council of Ministers to hold emergency meeting tomorrow... reason to be revealed
7/16/2025
Mahmoud Khoshnaw, a leader in the Patriotic Union of Kurdistan (PUK), revealed that an emergency meeting of the federal cabinet will be held tomorrow to discuss the outstanding issues between Baghdad and Erbil, most notably the salaries of Kurdistan Region employees and oil exports.
Khoshnaw told Al Furat News: "A meeting was held recently in the region to discuss the salaries issue, and resulted in the approval of a draft memorandum of understanding between the two sides regarding the resumption of oil exports through SOMO, in addition to regulating non-oil revenues."
He added, "Both sides are counting on the Federal Council of Ministers meeting tomorrow, Thursday, to reach a legal and constitutional solution that will end the crisis and put an end to the escalating tension between the central government and the region, particularly regarding financial rights."
Raghad
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Community Comment: "The IMF just posted Iraq is not going to do anything with their exchange rate next year or the year after. We're screwed. They're never going to raise the value." Did you also see where the IMF posted Iraq is going through a revaluation of their currency right now? Which one are you going to accept.
Militia Man Everybody's ready to do business in Iraq. Now we're waiting to see if we can get this over the edge at any time now. We're hoping the resolution comes out of the oil deal with the Kurds and Baghdad. It's all budget related. That court case they postponed is effectively budget related because article 12-2C is an amendment for the '23/'24 budget... Before the parliament gets those 2025 budget schedules that's what I'm looking for.
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'They've Been EXPOSED' - SILVER Shorts Have Lost Control: Andy Schectman
Commodity Culture: 7-16-2025
Andy Schectman believes that the recent bullish price action in silver is directly related to the big bullion banks losing control of their short positions, and being forced to cover and go long the metal, as fundamentals overtake price manipulation in a major paradigm shift.
Andy discusses why now could be the time for silver to run to $50 and beyond, how a high silver price could affect industrial demand, the recent BRICS Summit in Rio and its implications for gold and the US dollar, and much more
00:00 Introduction
01:11 Time For Silver to Run?
11:53 Silver Shorts Have Lost Control
16:48 Industrial Impact of $50 Silver
23:50 BRICS Summit in Rio
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 7-16-25
Federal Reserve, OCC, FDIC Outline Expectations for Bank Digital Asset Custody
In a major shift toward integrating traditional banking with digital assets, U.S. federal banking regulators have issued a formal statement clarifying expectations for banks offering crypto-asset custody services.
Released jointly by the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC), the statement highlights operational and compliance expectations—but emphasizes that it does not create new supervisory rules, only reiterates existing obligations and risk considerations.
Federal Reserve, OCC, FDIC Outline Expectations for Bank Digital Asset Custody
In a major shift toward integrating traditional banking with digital assets, U.S. federal banking regulators have issued a formal statement clarifying expectations for banks offering crypto-asset custody services.
Released jointly by the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC), the statement highlights operational and compliance expectations—but emphasizes that it does not create new supervisory rules, only reiterates existing obligations and risk considerations.
Background: Trump-Era Regulatory Shift
This latest guidance comes amid broader regulatory reform under President Trump’s second administration, which has actively reversed prior restrictions on banks engaging in digital asset services.
One of the most notable reversals was the rescission of SEC Staff Accounting Bulletin (SAB) 121, just four days after Trump’s January 2025 inauguration. SAB 121, implemented during the Biden administration, had essentially prohibited banks from offering crypto custody services by imposing harsh capital treatment.
As a result, bank participation in digital asset custody was virtually nonexistent in 2023, according to data from the Basel Committee on Banking Supervision. However, by mid-2024, that figure surged to nearly $16 billion, signaling rapid institutional re-engagement with crypto safekeeping.
Core Focus: Risk Management and Staff Expertise
The statement places strong emphasis on staff competency and internal controls:
“Given the complexities of crypto-asset safekeeping, a banking organization’s board, officers, and employees should have the requisite knowledge and understanding... to establish adequate operational capacity and appropriate controls,” the regulators wrote.
Key areas of concern include:
Management of cryptographic keys
Third-party technology reliance
Compliance with anti-money laundering (AML) obligations
Adherence to the Bank Secrecy Act (BSA)
Even when custody is provided directly, the regulators note that most banks depend on third-party technology vendors, elevating operational and cybersecurity risks.
New OCC Head Has Crypto Background
In a related development, the Senate last week confirmed Jonathan Gould as the new head of the OCC, one of the three agencies issuing this guidance. Gould previously held a position at crypto mining and infrastructure firm Bitfury, alongside former acting Comptroller Brian Brooks, known for his crypto-forward stance during the Trump administration’s first term.
This unified federal statement signals a significant policy realignment, reinforcing the Trump administration’s intent to legitimize digital assets within the U.S. banking framework while ensuring regulators remain focused on safety, soundness, and compliance in a rapidly evolving financial ecosystem.
@ Newshounds News™
Source: Ledger Insights
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China Settles $855 Billion in Trade With BRICS Countries in First Half of 2025
China has recorded a massive $855 billion in trade with BRICS member countries during the first half of 2025, signaling the continued realignment of global trade dynamics away from traditional Western dominance.
According to Lu Daliang, Director of the Statistics and Analysis Department at the General Administration of Customs, this total—equivalent to 6.11 trillion yuan—reflects a 3.9% year-on-year increase compared to the same period in 2024. Daliang confirmed the figures during a press conference, emphasizing the growing strength of the BRICS economic alliance.
BRICS Gaining Momentum in Cross-Border Trade
This surge in trade reinforces the broader strategy of BRICS to foster intra-bloc economic cooperation and reduce reliance on Western financial systems. In the first six months of 2025 alone, BRICS and partner countries accounted for 28% of China’s total foreign trade, showcasing a significant shift toward South-South collaboration.
China’s $855 billion trade with BRICS members was primarily driven by:
Chemicals and metallurgical products
Electronic components and industry goods
Petrochemical equipment
Metalworking machines
Agricultural equipment, including cotton harvesters and combines
This diverse portfolio of industrial trade underscores BRICS' growing independence and mutual interdependence in key supply chains.
China-SCO Digital Trade Platform: A Challenge to the USD?
In a parallel development, China proposed a new digital trading platform to enhance commerce with member states of the Shanghai Cooperation Organization (SCO). The proposal, announced during the SCO Global Mayors Dialogue held in Tianjin, hints at the possibility of bypassing the U.S. dollar in future transactions.
If implemented, such a platform could significantly impact the USD’s global dominance in international settlements, further supporting ongoing de-dollarization trends within the BRICS and SCO alliances.
Conclusion
As geopolitical and economic alliances deepen between China and its BRICS counterparts, the global financial order continues to evolve. With $855 billion in trade already settled in the first half of 2025, China’s strategy reflects a clear pivot toward a multipolar, non-dollar-dominated global trade structure—a development that will have lasting implications for global markets, monetary policy, and cross-border commerce.
@ Newshounds News™
Source: Watcher.Guru
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's News Telegram Room Link
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Economist’s “News and Views” 7-16-2025
More US States Now Accepting Gold As Legal Tender | Andy Schectman & Jason Cozens
Thoughtful Money: 7-16-2025
The US Constitution clearly spells out that gold & silver -- and ONLY gold & silver -- are money.
But trying using them to buy something. Or pay your taxes.
Until very recently, you really couldn't. But now, an increasing number of US states have passed laws acknowledging gold & silver as legal tender again.
More US States Now Accepting Gold As Legal Tender | Andy Schectman & Jason Cozens
Thoughtful Money: 7-16-2025
The US Constitution clearly spells out that gold & silver -- and ONLY gold & silver -- are money.
But trying using them to buy something. Or pay your taxes.
Until very recently, you really couldn't. But now, an increasing number of US states have passed laws acknowledging gold & silver as legal tender again.
We discuss the why & the how of this with precious metals experts Andy Schectman and Jason Cozens.
Live audience Q&A will be taken in the back half of the discussion.
Gold or Silver? What Sound Money Insiders Are Betting On
7-16-2025
ITM’s Daniela Cambone reunites with Taylor Kenney behind the scenes at the Rick Rule Symposium in Boca Raton for a dynamic and candid conversation.
Taylor opens up about how she chooses her content themes—from de-dollarization to the role of gold—and why being on the ground with like-minded thinkers is so validating.
You also won’t want to miss the fun segment where Taylor hits the floor to ask attendees the big question: gold or silver?
Hear what they had to say—and where they believe prices are headed next.
BRICS Central Banks Cut LBMA Out
Arcadia Economics: 7-16-2025
Let's just say that things between the BRICS and the West have not gotten better in recent times. And this morning Vince Lanci explains how the central banks of the BRICS nations are now cutting out the LBMA.
Huge GOLD News! Central Banks & BRICS Are About to Change Gold & Silver Prices Forever - Adrian Day
Huge GOLD News! Central Banks & BRICS Are About to Change Gold & Silver Prices Forever - Adrian Day
Money Sense: 7-16-2025
WisdomTree projects gold to reach 4,000 dollars by 2030 in its base case forecast, pointing to the steady expansion of the global money supply and increasing demand for hard monetary assets.
As economic uncertainty deepens, more investors are turning to stores of value that can preserve purchasing power amid ballooning debt, inflation risks, and declining confidence in traditional institutions.
Huge GOLD News! Central Banks & BRICS Are About to Change Gold & Silver Prices Forever - Adrian Day
Money Sense: 7-16-2025
WisdomTree projects gold to reach 4,000 dollars by 2030 in its base case forecast, pointing to the steady expansion of the global money supply and increasing demand for hard monetary assets.
As economic uncertainty deepens, more investors are turning to stores of value that can preserve purchasing power amid ballooning debt, inflation risks, and declining confidence in traditional institutions.
Adrian Day of Adrian Day Asset Management notes that if upcoming economic data comes in stronger than expected and interest rate cuts are delayed, it could temporarily ease the urgency behind the gold trade.
Still, he emphasizes that the broader picture remains firmly bullish. Central banks continue to accumulate gold as part of a long-term shift away from the dollar, which is increasingly seen as a political liability rather than a neutral reserve asset.
A recent World Gold Council survey of more than 70 central banks found that 95 percent expect to increase their gold holdings this year, while most anticipate a decline in dollar reserves over the next five years. If this pace continues, 2025 is on track to mark another record year for central bank gold accumulation.
According to Day, this trend reflects rising concern among foreign institutions over the U.S. government’s use of the dollar as a geopolitical tool. From tariffs to sanctions, the weaponization of the dollar has undermined trust, especially among emerging economies and key trading partners.
That, combined with growing worries over the debt ceiling, fiscal irresponsibility, and questions surrounding the Federal Reserve's independence, continues to weigh heavily on the greenback.
Even if gold experiences a near-term pullback over the next month or two, Day views it as a buying opportunity. He admits that feeling so confident about gold’s long-term trajectory makes him slightly uneasy—but he believes the fundamentals strongly support the case for higher prices ahead.
Gold touched a three-week high on Monday, driven by safe-haven demand after President Trump threatened new tariffs on both the European Union and Mexico. Meanwhile, silver also surged, nearing a 14-year peak and confirming the strength of investor interest across the precious metals sector.
Adrian Day notes that gold’s continued ascent is now capturing broader attention. Initially, many dismissed the rally as a short-term move, but as prices have steadily climbed, the market is starting to take it seriously.
That growing recognition alone is fueling more interest from both institutional and retail investors. This week, traders are closely watching upcoming U.S. economic data, notably the Consumer Price Index and Producer Price Index, for signals on the Federal Reserve’s next move.
Market expectations currently point to 50 basis points of rate cuts before year-end, likely beginning in October. A declining interest rate environment has historically been favorable for gold, which carries no yield and becomes more attractive when real rates fall.
Seeds of Wisdom RV and Economic Updates Wednesday Morning 7-16-25
House Republicans Block Epstein Files Amendment to Landmark Crypto Bill
As “Crypto Week” begins in Washington, House Republicans have voted to block a controversial amendment to one of the most important crypto bills under consideration—one that would have compelled the Department of Justice (DOJ) to release the highly scrutinized Epstein files.
Democrats Propose Epstein Amendment to GENIUS Act
On Monday, the House Rules Committee rejected an amendment to the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, introduced by Representative Ro Khanna. The amendment sought to mandate that Attorney General Pam Bondi release and publish records related to investigations, prosecutions, or the incarceration of Jeffrey Epstein within 30 days of the bill becoming law.
House Republicans Block Epstein Files Amendment to Landmark Crypto Bill
As “Crypto Week” begins in Washington, House Republicans have voted to block a controversial amendment to one of the most important crypto bills under consideration—one that would have compelled the Department of Justice (DOJ) to release the highly scrutinized Epstein files.
Democrats Propose Epstein Amendment to GENIUS Act
On Monday, the House Rules Committee rejected an amendment to the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, introduced by Representative Ro Khanna. The amendment sought to mandate that Attorney General Pam Bondi release and publish records related to investigations, prosecutions, or the incarceration of Jeffrey Epstein within 30 days of the bill becoming law.
This effort came amid renewed Democratic pressure following criticism of how the Trump administration's DOJ handled the Epstein case, including its conclusion that Epstein’s death was a suicide and that no client list existed.
Democrats viewed the amendment as a way to leverage internal GOP tensions and force a vote that could place Republicans in a politically vulnerable position. Representative Marc Veasey also announced a resolution pushing for the full release of all Epstein-related DOJ files.
Rules Committee Prioritizes Crypto, Not Epstein Files
On July 14, the House Rules Committee voted 6-5 against including Khanna’s amendment. Republicans argued that the proposal was not relevant to the GENIUS Act, which is focused on stablecoin regulation, not criminal investigations.
The GENIUS Act—originally introduced by Senator Bill Hagerty—seeks to create a clear regulatory framework for stablecoins like USDT and USDC, placing them under Federal Reserve oversight. Supporters say it will “unleash innovation” and support President Trump’s vision of making the U.S. a global crypto leader.
Interestingly, Republican Representative Ralph Norman broke ranks to vote with Democrats in favor of the amendment, stating that “the public’s been asking for it.” However, Norman later opposed Representative Veasey’s separate resolution on procedural grounds, saying, “We’re talking about crypto, Jim. We’re talking about regulations.”
GENIUS and CLARITY Acts May Merge Ahead of August Deadline
The GENIUS Act already passed a full Senate vote in mid-June and is currently moving through the House of Representatives. Lawmakers have since discussed combining the bill with the CLARITY Act, another cornerstone crypto regulation proposal, to improve their chances of passing before the August recess.
However, Senate Banking Committee Chair Tim Scott has since signaled a new timeline, suggesting that GENIUS and CLARITY could advance independently to avoid procedural delays.
While the Epstein-related efforts were blocked, the broader legislative push around crypto regulation remains on track, with lawmakers aiming to finalize a framework that could reshape U.S. digital asset policy.
@ Newshounds News™
Source: Bitcoinist
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Trump Cuts Deal to End Republican Revolt on Crypto Bills
Former President Donald Trump has intervened to restore Republican support for a suite of major cryptocurrency bills after a GOP revolt temporarily derailed progress over concerns about central bank digital currencies (CBDCs).
On Tuesday evening, Trump announced on his Truth Social platform that he had met with 11 of the 12 Republican holdouts in the Oval Office and secured their commitment to vote in favor of the bills when the House reconvenes.
“I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule,” Trump wrote.
Crypto Bills Delayed Over CBDC Concerns
The Republican standoff halted Tuesday’s expected vote on three key crypto bills:
The GENIUS Act, which sets rules for stablecoin issuance
The Anti-CBDC Surveillance Act, which bans a Federal Reserve–issued CBDC
The CLARITY Act, a broader crypto market structure framework
Thirteen Republican lawmakers, including high-profile names like Marjorie Taylor Greene, Andy Biggs, and Anna Paulina Luna, opposed moving forward without an explicit ban on CBDCs included in the GENIUS Act.
Some wanted the three bills to be bundled into a single legislative package, while others sought amendments to further guarantee self-custody rights and block any indirect pathways to a government-backed digital currency.
“I just voted NO on the Rule for the GENIUS Act because it does not include a ban on central bank digital currency,” said Rep. Greene.
“The bill doesn’t guarantee self-custody,” added Rep. Biggs, calling for an open amendment process.
Trump's Executive Order Already Opposes CBDCs
Trump's re-engagement with crypto comes after he issued an executive order in January barring the Federal Reserve from developing a retail CBDC, a move that aligned him with the industry’s call for decentralized digital finance.
House Speaker Mike Johnson credited Trump’s influence for restoring momentum:
“I’m thankful for President Trump getting involved tonight to ensure that we can pass the GENIUS Act tomorrow,” Johnson posted on X.
Still, the bill’s language already prohibits the Fed from offering public-facing digital accounts, according to Eleanor Terrett, host of the Crypto in America podcast.
“The bill shall not be construed as expanding the Fed’s authority to offer services directly to the public—meaning it cannot authorize digital wallets, personal accounts, or anything CBDC-related,” she explained.
Procedural Challenges and Strategy Shifts
Tensions also arose over how the bills should be passed. Some Republicans wanted them voted on as a single package, while Speaker Johnson argued they should advance in succession to avoid procedural issues in the Senate.
“It’s a priority of the White House, the Senate, and the House to do all of these crypto bills,” Johnson told Politico, but added, “We have to do them in succession.”
Despite the delay, industry insiders remain optimistic. Caitlin Long, CEO of Custodia Bank, urged calm, pointing out that the GENIUS Act initially failed in the Senate before passing 11 days later.
House Reconvenes Wednesday
The House is scheduled to meet again on Wednesday to resume debate and move the crypto bills forward. If successful, it could mark a turning point in the legislative effort to establish clear U.S. digital asset regulation before the August recess.
The GENIUS Act passed the Senate in June with bipartisan support, but Democratic opposition to Trump’s rising alignment with the crypto industry remains a factor heading into final negotiations.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
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News, Rumors and Opinions Wed. AM 7-16-2025
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. 16 July 2025
Compiled Wed. 16 July 2025 12:01 am EST by Judy Byington
Judy Note: It is my personal opinion that everything – the EBS, GCR, new American Republic – will happen on Thurs. 17 July 2025.
On Sun. 6 July 2025 The Quantum Financial System (QFS) was (allegedly) now online, signaling the dawn of a sovereign, debt-free world.
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. 16 July 2025
Compiled Wed. 16 July 2025 12:01 am EST by Judy Byington
Judy Note: It is my personal opinion that everything – the EBS, GCR, new American Republic – will happen on Thurs. 17 July 2025.
On Sun. 6 July 2025 The Quantum Financial System (QFS) was (allegedly) now online, signaling the dawn of a sovereign, debt-free world.
On Monday, July 7, the U.S. Treasury and Department of Defense (allegedly) green lit final payouts under the Global Currency Reset.
On Friday, July 11 at 7:00 PM ET — the old Fedwire® FAIM wire format for bank money transfers ended permanently.
On Sun. 13 July night at 9:00 PM ET the ISO® 20022 standard went live. Any financial messages not compliant was now (allegedly) rejected, as new digital rails took over with precision-timed data flows.
On Mon. 14 July at 8:33 PM EST (Tues. 15 July 2025 at 03:33 UTC Universal Time), Operation Chrysalis(allegedly) launched. The global currency values quietly recalibrated — marking the final reset. Treasury quantum nodes took full control. Legacy banking systems(allegedly) went into read-only mode. Payment processors now have(allegedly) 11 milliseconds to handshake with the new system, or be frozen and flagged for forensic audit.
Mon. 14 July was a big date for XRP – the Ripple CEO Brad Garlinghouse has it tattooed on his arm. The final migration day before all Banks and FedWire went live on ISO20022. The day before “Crypto Week” began as labeled by US President Trump. Digital Assets Daily on X: “Today is a big date for XRP… So much so, the Ripple CEO Brad Garlinghouse has it tattooed on his arm… Also the final migration day before all Banks and FedWire go live on ISO20022… As well as the day before “Crypto Week” begins, as labeled by US President Trump… https://t.co/Xr3jcl1Iw4” / X
On Tues. 15 July, the Emergency Broadcast System(allegedly) locked in. All frequencies shifted from 60Hz to 432Hz, signaling activation.
Redemption Centers were now (allegedly) opened worldwide. Citizens will be (allegedly) invited in to create their own secure QFS wallets through StarLink terminals.
Thurs. 17 July 2025 was rumored to be a celebration day for the new American Republic and Global Currency Reset.
On Fri. 18 July revalued currencies will (allegedly) be made public. Fiat collapses instantly. QFS wallets activate globally for Tier 5 (the people). Energy, food, and commodity values shift in real time. It’s the end of centralized debt slavery.
GESARA is officially launched: – Global debt wiped – Central banks absorbed – Wealth returned to the people – Patriot-controlled banking systems emerge
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Global Currency Reset:
Wed. morning 16 July 2025 (in Australia) Wolverine: “It’s happening, guys. I’m told to get out the Champaign bottle. The reset has begun.”
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Tues. 15 July 2025 Bruce:
Advances will go out first to certain people
Bond Holders were next and thought they would get access today – didn’t happen
It’s looking very good for Tier4b (us the Internet Group) to receive the toll free numbers to set appointments to exchange currencies and redeem Zim Bonds Wed. or Thurs of this week.
There were 25,000 Redemption Centers in US, Canada and Mexico
Outside the US and Canada and in Mexico you would call a large national bank to receive your appointment.
Bruce was told last night that everything was done.
The 800 number would go out in your email.
If you’re a Zim holder, you have automatic priority for medbeds. If you have a direct need and are a Zim holder, you are at the top of the pile! Head of the Class! You can recommend 6 people with phone numbers they can contact and invite to use a medbed.
Read full post here: https://dinarchronicles.com/2025/07/16/restored-republic-via-a-gcr-update-as-of-july-16-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Statements made by the US State Department...urged Baghdad and Erbil to resolve their disputes through constructive dialogue. She emphasized that settling the Kurdistan Region’s salary issue would demonstrate Iraq’s commitment to a stable investment climate, while also paving the way for broader cooperation—such as reopening the Iraq-Turkey pipeline and expanding energy projects with US companies. I am telling you that these issues matter and by resolving them Iraq can show they... are ready to work in the global community. This is what the U.S. is looking for. It’s called STABILITY.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Television says America's new trade map is now open to Iraq. FRANK: You know what the map contains? A new exchange rate. You think Trump wants to trade with you guys at 1310? No. He put tariffs on you instead didn't he? Which tells you, 'I don't want that garbage. Get rid of your 1310, I get rid of the 30%. You don't get rid of the 1310 by the end of this month, I'm going to go with 60%.' That's not good is it? Yes it is! The pressure not just on Sudani but the GOI, CBI, everybody that's behind the monetary reform.
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Andy Schectman: Reset Happening Now — Gold is Key, Silver Has Massive Potential
Investing News: 7-16-2025
Andy Schectman of @MilesFranklinMedia lays out his takeaways from the latest BRICS meeting, saying he sees a reset happening now.
He also weighs in on the implications for gold and explains why he sees massive potential in silver.
"Ultimately higher than anyone thinks possible," he said about the silver price. "I think it's the most undervalued asset on the planet.
The word that I think of is asymmetrical — low downside, high upside."