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News, Rumors and Opinions Sunday 8-3-2025
Jon Dowling: Updates on the Great Wealth Transfer and the New System for August 2025
8-2-2025
In a recent enlightening podcast episode, Gregory Mannarino, a seasoned stock market expert with over two decades of experience and a unique background in medicine, delivered a profound and urgent message on the intersecting realities of our financial future, the global economy, and their spiritual implications.
Mannarino’s insights serve as a vital wake-up call, urging listeners to navigate a rapidly evolving landscape with awareness, faith, and proactive community building.
Jon Dowling: Updates on the Great Wealth Transfer and the New System for August 2025
8-2-2025
In a recent enlightening podcast episode, Gregory Mannarino, a seasoned stock market expert with over two decades of experience and a unique background in medicine, delivered a profound and urgent message on the intersecting realities of our financial future, the global economy, and their spiritual implications.
Mannarino’s insights serve as a vital wake-up call, urging listeners to navigate a rapidly evolving landscape with awareness, faith, and proactive community building.
At the heart of Mannarino’s warning is the alarming development within the global monetary system: the burgeoning privatization of currency.
He highlights the newly legalized stable coin tokens, now being embraced by corporate giants such as Apple, Walmart, and BlackRock. This shift, Mannarino contends, bypasses fundamental constitutional mandates and central bank oversight, representing a critical threat to economic freedom and personal sovereignty. This centralization of control, he argues, is a significant component of what many refer to as the “deepstate” agenda, designed to intensify control over individuals and economies alike.
According to Mannarino, this move towards privately controlled digital currencies could ensnare populations further into a system of dependency, mirroring the pervasive influence of what he metaphorically refers to as the “Babylonian system.”
This system, he explains, is a global construct of economic and spiritual corruption that perpetuates an immense transfer of wealth from the masses to an elite 1-2%, fostering societal dependency and spiritual decay.
Mannarino also sheds light on the artificial inflation evident in global stock markets, describing it as an illusion of prosperity fueled by massive debt expansion and relentless government intervention. While these measures might create a facade of economic health, he warns that the real economy continues to deteriorate beneath the surface.
The discussion further delves into significant geopolitical shifts, particularly the rise of the BRICS nations (Brazil, Russia, India, China, South Africa) and their potential impact on global dollar hegemony.
This shift could have profound ripple effects on commodity markets, especially gold and oil, challenging the long-standing financial order.
These converging factors, Mannarino cautions, heighten the possibility of a significant market crash, leading to the erosion of the middle class and an increasing polarization into a stark two-tier society.
It’s vital, Mannarino stresses, to differentiate between truly decentralized cryptocurrencies and these newly legislated, centralized stable coin tokens.
While decentralized cryptos can offer a countermeasure to centralized control, the privately controlled stable coin tokens are, in his view, “the worst of the worst” due to their inherent lack of oversight and potential for severe privacy violations. He encourages a careful understanding of these distinctions to avoid inadvertently supporting the very system one aims to circumvent.
Beyond these practical steps, Mannarino places immense emphasis on faith, community alliances, and individual responsibility as the cornerstones for navigating turbulent times. His reflections are deeply rooted in a call to spiritual and practical awakening, urging individuals to become the “light” and “beacon” within their communities.
The podcast concludes with a message of hope grounded firmly in faith, asserting that while the challenges are immense, divine guidance and collective action can illuminate a way forward.
Gregory Mannarino’s unique blend of deep market expertise, spiritual insight, and grassroots strategy offers invaluable guidance for those seeking to preserve their freedom and integrity in an increasingly complex and controlled economic environment.
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Question: "Do you still believe Sunday to a Monday or do you think it can happen any day?" It can happen any day but my desire would be a Sunday into a Monday. The reason why is because Sunday is the first day of their week. What a perfect time to start it right? The next day we wake up, there it is bada-bing bada-boom. We may actually see it but not be able to do anything about it until the next day.
Mnt Goat Article: “IRAQI DINAR NEARS OFFICIAL RATE AS MARKET STABILIZES”. ...they are telling us that the decline of the parallel market is not coincidental but a managed series of measures that were taken. They are saying finally, they have control over the dollar... ...why did the CBI have to stabilize the dollar parallel market to match the official CBI rate of the dinar in the first place? They need to do it because currently the dinar is solely pegged to the dollar and these two rates must at least match...If a currency is solely pegged to another currency it must be equal to the that currency. The IMF uses this tactic in many other situations to help stabilize a currency... the CBI has been working on [this]for the last 20 years...They have finally accomplished their goal and so now they are VERY CLOSE to being able to move on to the next stage...
*****************
Iraq- Did the Rats Eat 62 Trillion Dinars???
Edu Matrix: 8-2-2025
Iraq- Did the Rats Eat 62 Trillion Dinars #iqd #vnd Exchange Rates In this intriguing video, we dissect the bizarre claim that rats and mice have devoured a staggering 62 trillion Iraqi dinars—approximately $47 billion!
While some reports sensationalize the story, Prime Minister Shia Al-Sudani's advisor has dismissed these rumors as "illogical." Join us as we explore the facts behind this viral sensation, including comparisons to past incidents of cash being destroyed by rodents and the implications this has on Iraq's economy.
Get ready for an insightful discussion on the ongoing corruption in Iraq, tracing back to infamous scandals involving top officials.
Seeds of Wisdom RV and Economic Updates Sunday Morning 8-3-25
Good Morning Dinar Recaps,
Banks Launch 'Operation Chokepoint 3.0' to Restrict Crypto and Fintech Access
A new wave of financial restrictions targeting crypto and fintech firms may be underway as banks begin rolling out what critics are calling “Operation Chokepoint 3.0.” According to Andreessen Horowitz general partner Alex Rampell, this initiative could significantly undermine access to banking services and consumer data essential for crypto platforms and digital finance startups.
Good Morning Dinar Recaps,
Banks Launch 'Operation Chokepoint 3.0' to Restrict Crypto and Fintech Access
A new wave of financial restrictions targeting crypto and fintech firms may be underway as banks begin rolling out what critics are calling “Operation Chokepoint 3.0.” According to Andreessen Horowitz general partner Alex Rampell, this initiative could significantly undermine access to banking services and consumer data essential for crypto platforms and digital finance startups.
Rampell: Banks Reviving Chokepoint Tactics with New Fees and Barriers
Rampell warns that while Operation Chokepoint 2.0—an initiative under the Biden administration that sought to deplatform crypto firms—has come to an end, banks are now pursuing a privately driven version that may be even more damaging.
“Now the banks are aiming to implement their own Chokepoint 3.0 — charging insanely high fees to access data or move money to crypto and fintech apps — and, more concerningly, blocking crypto and fintech apps they don’t like,” said Rampell.
At the center of the controversy is the growing effort by major financial institutions to charge fintech and crypto platforms premium fees for accessing customer bank account data—fees that could total hundreds of millions of dollars annually.
JPMorgan Chase Implements Tiered Data Access Fees
Among the first major banks to adopt this model is JPMorgan Chase, which has announced a tiered fee structure for third-party access to customer account data. Higher fees will reportedly apply to payment-focused platforms, which often rely on continuous API access to facilitate real-time transfers.
A Chase spokesperson acknowledged the plan:
“We’ve had productive conversations and are working with the entire ecosystem to ensure we’re all making the necessary investments in the infrastructure that keeps our customers safe.”
Rampell pushed back against this framing, stating that the data in question—such as bank account and routing numbers printed on checks—has long been freely accessible and that charging for it now raises questions about monopolistic behavior.
Fintech & Crypto Platforms Could Face User Attrition
The new fees may disrupt operations at major platforms including Coinbase, Venmo (PayPal), and Robinhood, all of which rely on access to customer banking data to enable deposits, withdrawals, and balance verification.
Rampell emphasized the potential consumer impact:
“If it suddenly costs $10 to move $100 into a Coinbase or Robinhood account, maybe fewer people will do it.”
Such friction, he argues, could lead to a sharp decline in user participation across platforms—especially those targeting younger and cost-sensitive demographics.
Crypto Advocates Call for Policy Intervention
Rather than seeking new legislation, Rampell believes regulators should intervene to prevent banks from erecting barriers that stifle innovation and restrict consumer choice:
“We don’t need new laws. We need an administration that won’t allow banks to destroy competitive fintech and crypto industries through manipulation.”
FAQs: Understanding Operation Chokepoint 3.0
What is Operation Chokepoint 3.0?
A privately driven effort by banks to restrict crypto and fintech operations by charging excessive data access fees and selectively blocking apps.
How is it different from Operation Chokepoint 2.0?
Version 2.0 focused on government pressure to debank crypto. In contrast, 3.0 involves bank-initiated commercial practices like tiered pricing for account data.
Which companies are most affected?
Platforms like Venmo, Coinbase, and Robinhood could see major user drop-off if added fees discourage asset movement and reduce platform affordability.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
Ripple CTO Proposes XRPL Infrastructure Upgrade as Ledger Surpasses 70M Monthly Transactions
Ripple’s Chief Technology Officer David Schwartz has unveiled plans for a new high-performance XRP Ledger (XRPL) server to enhance infrastructure resilience and analytics. The announcement comes as XRPL achieved a major milestone in July, recording over 70 million transactions—its highest monthly total to date.
CTO David Schwartz Shares Plans for Personal XRPL Server Initiative
In a recent post on X, Schwartz revealed his intent to build and operate a dedicated XRPL production server. Although not an official Ripple initiative, the server would serve the broader XRPL ecosystem by offering reserved connectivity slots for UNL validators and XRPL-linked services.
“This is something I’d be doing independently to support the network. It’s about improving performance monitoring and resiliency, not centralizing control,” Schwartz clarified.
The proposed server setup includes:
AMD 9950X CPU
256 GB RAM
High-speed NVMe storage
Unmetered 10GB connection
Data center hosting in New York City
Schwartz emphasized that no individual server should be relied upon within XRPL’s decentralized framework. He intends to monitor real-time data flows and network behavior, with minimal interference to existing XRPL operations.
XRPL Ecosystem Sees Record Usage and Developer Momentum
According to Dune Analytics, the XRP Ledger processed over 70 million transactions in July, pushing its all-time count to approximately 3.83 billion transactions. XRPL’s daily average now stands at 1.8 million, reflecting consistent utility across global users.
Additional milestones include:
Over 1 million new users added in 2025 so far
3,000 new wallets created daily
More than 7 million total XRPL accounts
Growth has also extended to XRPL’s automated market maker (AMM) and decentralized exchange (DEX) systems:
AMM volume increased 17%, reaching 408 million XRP
DEX volume rose 21%, totaling 465 million XRP
Cross-Chain Adoption and Stablecoin Expansion Drive Ecosystem Utility
Cross-chain activity on XRPL is accelerating, with over $165 million in assets bridged via Axelar to EVM-compatible blockchains. The launch of an EVM-compatible sidechain on June 30 has already generated significant developer traction—with more than 1,400 smart contracts deployed in the first week.
In addition, the Brazilian real-denominated stablecoin BBRL, issued by BrazaBank on XRPL, saw issuance surge past $4.2 million last month. BBRL now ranks as the second-largest BRL stablecoin, behind Transfero’s BRZ.
These developments underscore XRPL’s growing reputation as a scalable, low-cost global settlement layer—and illustrate the importance of infrastructure investments like those proposed by Schwartz.
XRPL in Numbers – July 2025
Metric Value
Monthly Transactions 70+ million
Total Transactions (All-Time) 3.83 billion
New Wallets per Day 3,000+
AMM Volume 408M XRP (↑17%)
DEX Volume 465M XRP (↑21%)
Stablecoin (BBRL) Issuance $4.2M+
Cross-Chain Asset Transfer $165M+ via Axelar
Smart Contracts (New Sidechain) 1,400+ in first week
As Ripple’s ecosystem expands and developer engagement grows, efforts like Schwartz’s independent infrastructure upgrade highlight the importance of decentralization, transparency, and performance monitoring in supporting XRPL’s next phase of global adoption.
@ Newshounds News™
Source: Coingape
~~~~~~~~~
Uniswap, a16z, and DeFi Allies Urge U.S. Senate to Shield Developers in Upcoming Crypto Market Bill
A coalition of major decentralized finance (DeFi) advocates—including Uniswap Labs, a16z Crypto, and the Solana Policy Institute—is calling on U.S. lawmakers to protect open-source developers and maintain tech-neutrality as Congress shapes the future of digital asset regulation.
Senate Banking Committee Reviews DeFi Protections Under RFIA Draft
The comments were submitted in response to a Request for Information (RFI) issued by the Senate Banking Committee, which is currently reviewing the draft of the Responsible Financial Innovation Act of 2025 (RFIA)—an updated legislative framework first introduced in 2022. The updated version aims to build upon the foundational CLARITY Act, which promotes innovation while preserving consumer protections and financial stability.
The response was filed by the DeFi Education Fund (DEF), a crypto policy nonprofit originally funded by Uniswap. It was co-signed by leading crypto organizations, including:
a16z Crypto
Jito Labs
Jump Crypto
Paradigm
Multicoin Capital
Uniswap Foundation
Solana Policy Institute
Variant Fund
Key Policy Recommendations from the DeFi Education Fund
In its official comment, the coalition emphasized four major policy imperatives that should guide Senate legislation:
1. DeFi Developers ≠ Centralized Intermediaries
Lawmakers should make a clear legal distinction between open-source DeFi developers and traditional custodial financial institutions. Developers of non-custodial protocols should not face the same compliance burdens as centralized intermediaries.
2. Technology-Neutral Regulation
Regulations should focus on function, not form—treating traditional and decentralized systems with parity, without favoring one architecture over another.
3. Clarity on Registration Requirements
The law should clearly define who must register with financial regulators based on their level of control, custodial function, or ability to halt transactions—criteria that many decentralized protocols do not meet.
4. Federal Preemption to Prevent State-Level Weaponization
The DEF warns that without federal preemption, large incumbent financial institutions may exploit state laws to bring litigation or enforcement actions against DeFi protocols—not to protect consumers, but to stifle competition.
“Absent federal preemption, well-resourced traditional financial institutions may exploit the fragmented regulatory landscape by funding or encouraging state-level enforcement actions against DeFi developers — not to protect consumers, but to stifle competition,” the DEF wrote.
Call for Revised FinCEN Guidance in Light of Tornado Cash Case
The DEF also urged the Senate to clarify FinCEN’s existing guidance, which underpins the ongoing trial of Tornado Cash developer Roman Storm. The Department of Justice has charged Storm with violating federal laws by publishing open-source software used by illicit actors.
The coalition argues:
“Rulemaking should reflect that technology which solely consists of non-custodial, non-controlling software shall not be regulated as a financial institution or financial intermediary.”
Storm’s verdict is expected as early as next week, making this debate especially urgent for developers across the DeFi ecosystem.
What’s at Stake for DeFi in the RFIA Bill?
This moment marks a critical inflection point in how U.S. law distinguishes between traditional financial institutions and decentralized technology. The outcome will impact:
The future legal status of DeFi developers
The ability to publish open-source code without legal liability
The competitiveness of U.S.-based DeFi innovation in the global economy
By engaging early in the legislative process, the crypto community hopes to ensure that U.S. digital asset laws foster innovation rather than stifle it.
@ Newshounds News™
Source: The Block
~~~~~~~~~
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Dr. Scott Young: Tariffs to IRS Abolishment to GESARA Comes on August 1?
Dr. Scott Young: Tariffs to IRS Abolishment to GESARA Comes on August 1?
8-1-2025
In this video, Dr. Scott discusses the potential economic and political impacts of tariffs on the United States, particularly focusing on their capacity to generate significant revenue, influence tax policy, and transform the role of the IRS.
He highlights how tariffs could lead to a trillion-dollar increase in government revenue, potentially enabling the government to balance the budget and eliminate income taxes for individuals earning under $150,000 annually—about 85% of Americans.
Dr. Scott Young: Tariffs to IRS Abolishment to GESARA Comes on August 1?
8-1-2025
In this video, Dr. Scott discusses the potential economic and political impacts of tariffs on the United States, particularly focusing on their capacity to generate significant revenue, influence tax policy, and transform the role of the IRS.
He highlights how tariffs could lead to a trillion-dollar increase in government revenue, potentially enabling the government to balance the budget and eliminate income taxes for individuals earning under $150,000 annually—about 85% of Americans.
Dr. Scott references conversations with key political figures, including Howard Lutnik, the Secretary of Commerce and a major advocate for tariffs, who supports the notion that tariff revenue could reduce or even eliminate the IRS’s role.
The video also covers the broader geopolitical trade landscape, noting significant trade deals with countries like Japan, China, Brazil, and various African nations, as well as the potential impact on U.S. manufacturing and exports.
Furthermore, Dr. Scott addresses the role of “dark money” in American politics, explaining how undisclosed political spending influences elections and how this money is used to counteract opposing candidates.
He highlights concerns over transparency and foreign interference linked to dark money, while emphasizing that these tactics are increasingly exposed and challenged.
The video ends with a discussion about the potential transition from tariff-based revenue systems to what he calls “GESARA”—a broader economic reset or restructuring—along with speculation on forthcoming developments around August 1st, which Dr. Scott suggests might be a significant date for America’s economic future.
In conclusion, the video presents tariffs not merely as trade tools but as central elements in a broader economic and political strategy aimed at transforming U.S. fiscal policy, trade relations, and domestic industry.
It ties these economic shifts to political dynamics, including elecction financing and potential systemic resets, painting a complex picture of how tariffs could reshape America’s future.
US Gold Reserves Cover Just 2% of Soaring Debt; Default Risk Greater Than We Know!
US Gold Reserves Cover Just 2% of Soaring Debt; Default Risk Greater Than We Know!
Daniela Cambone: 8-1-2025
“The U.S. Treasury’s gold reserves are at one of the lowest levels in 90 years,” says Tavi Costa, partner and portfolio manager at Crescat Capital, joining Daniela Cambone on the Daniela Cambone Show.
“At just 2% of total government debt, this imbalance is a green light for long-term gold investors.” Costa warns that rising U.S. debt, surging interest costs, and the likelihood of dollar devaluation will eventually force the government to either buy more gold or revalue it, a move he believes could unlock massive upside for the metal.
US Gold Reserves Cover Just 2% of Soaring Debt; Default Risk Greater Than We Know!
Daniela Cambone: 8-1-2025
“The U.S. Treasury’s gold reserves are at one of the lowest levels in 90 years,” says Tavi Costa, partner and portfolio manager at Crescat Capital, joining Daniela Cambone on the Daniela Cambone Show.
“At just 2% of total government debt, this imbalance is a green light for long-term gold investors.” Costa warns that rising U.S. debt, surging interest costs, and the likelihood of dollar devaluation will eventually force the government to either buy more gold or revalue it, a move he believes could unlock massive upside for the metal.
“The world is accumulating gold, and the U.S. will have to join in,” he says. Beyond gold, Costa shares why the AI arms race and a coming infrastructure boom could reshape the U.S. economy, creating major opportunities in raw materials and engineering sectors.
Chapters:
00:00 U.S. Treasury gold reserves at historic lows
04:40 Why the U.S. may need to increase gold reserves
07:02 Could the U.S. ever default on its debt?
10:38 How gold revaluation could happen
12:25 Will China slow its gold purchases?
15:08 The AI arms race: who will win?
$4000 Gold & $75 Silver By Year End? | David Hunter
$4000 Gold & $75 Silver By Year End? | David Hunter
Liberty and Finance: 8-1-2025
David Hunter predicts a parabolic rise in the S&P 500 to 8,700 by year-end 2025, marking the final leg of a 43-year bull market. He anticipates a severe global financial crisis in 2026, with an 80% bear market driven by excessive leverage and global debt.
Hunter remains bullish on precious metals, forecasting gold at $4,000 and silver at $75 within months. He expects massive Federal Reserve intervention, including a $20 trillion balance sheet increase, to counter the crisis.
$4000 Gold & $75 Silver By Year End? | David Hunter
Liberty and Finance: 8-1-2025
David Hunter predicts a parabolic rise in the S&P 500 to 8,700 by year-end 2025, marking the final leg of a 43-year bull market. He anticipates a severe global financial crisis in 2026, with an 80% bear market driven by excessive leverage and global debt.
Hunter remains bullish on precious metals, forecasting gold at $4,000 and silver at $75 within months. He expects massive Federal Reserve intervention, including a $20 trillion balance sheet increase, to counter the crisis.
Post-bust, he foresees hyperinflation (20-25%) and soaring commodity prices by the early 2030s.
INTERVIEW TIMELINE:
0:00 Intro
1:29 Market update
12:22 Trump administration
16:40 AI wild card
24:01 Dollar index
26:45 Last stage of the supercycle
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-2-25
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$24,000 Guaranteed Income Coming to Young Adults in Georgia Under New Pilot Program
A new guaranteed income initiative in Georgia will provide selected participants with up to $24,000 in no-strings-attached cash over four years, as part of a pilot program aimed at economic resilience and wealth-building for young adults.
The program is spearheaded by the Georgia Resilience & Opportunity (GRO) Fund, a nonprofit focused on equitable economic development.
Good Afternoon Dinar Recaps
$24,000 Guaranteed Income Coming to Young Adults in Georgia Under New Pilot Program
A new guaranteed income initiative in Georgia will provide selected participants with up to $24,000 in no-strings-attached cash over four years, as part of a pilot program aimed at economic resilience and wealth-building for young adults.
The program is spearheaded by the Georgia Resilience & Opportunity (GRO) Fund, a nonprofit focused on equitable economic development.
Program Overview
The Freedom Futures guaranteed income pilot will provide:
$500 per month for 48 months
Totaling $24,000 per participant
Funds can be used freely, with no restrictions on spending.
Eligibility Criteria
To qualify, applicants must:
Be 18 to 25 years old
Be enrolled in high school or a partner college/university
Live in a household with income at or below 200% of the federal poverty level
Additional Wealth-Building Capital Offered
In addition to monthly income, participants may qualify for an investment sum of over $20,000, designated for:
Homeownership
Entrepreneurship
Higher education
Retirement savings
This capital will be distributed beginning in year three of the program. To access these funds, recipients must complete a financial education curriculum provided by the program.
Key Dates and Application Process
Application deadline: August 27, 2025
Required documents include: proof of identity, enrollment, and household income
Notification: Applicants will be informed of selection within weeks after the deadline
First payments: Begin in September 2025
For more information and to apply, visit the Freedom Futures application portal.
@ Newshounds News™
Source: Daily Hodl
~~~~~~~~~
India Leaving BRICS? U.S.-India Tensions Escalate Amid Tariffs, Oil Deals, and De-Dollarization Dispute
Speculation is mounting over whether India may exit the BRICS economic bloc amid its growing tensions with the United States. The diplomatic fallout has intensified following President Donald Trump’s imposition of sweeping tariffs on Indian goods and critical remarks from Secretary of State Marco Rubio regarding India’s continued energy partnership with Russia.
With relations between New Delhi and Washington reportedly at their lowest point since 1998, the geopolitical and economic stakes are rising fast. Key flashpoints include U.S. opposition to India’s Russian oil purchases, India’s refusal to support BRICS de-dollarization efforts, and growing speculation that India may reorient toward the West.
Trump’s Tariff Ultimatum Raises Stakes
On August 1, President Trump announced a 25% tariff on all Indian imports, citing persistent trade imbalances and India’s continued military and energy deals with Russia.
In a Truth Social post, Trump stated:
“India, Russia can take their dead economies down together.”
He went on to criticize India’s high tariffs, non-monetary trade barriers, and reliance on Russian military equipment and energy:
“India… has the most strenuous and obnoxious non-monetary Trade Barriers of any Country… they are Russia’s largest buyer of ENERGY… at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE.”
The move is widely interpreted as an economic ultimatum meant to pressure India to sever deeper ties with Moscow—and potentially push it out of BRICS.
Rubio Condemns India’s Russia Oil Purchases
U.S. Secretary of State Marco Rubio added fuel to the controversy during an interview with Fox Radio, targeting India’s continued energy imports from Russia.
Rubio stated:
“India… buys [energy] from Russia… because Russian oil is sanctioned and cheap… That, unfortunately, is helping to sustain the Russian war effort.”
He noted that India’s purchases undermine Western sanctions and prolong the Ukraine conflict, making energy policy a central issue in broader diplomatic tensions.
India Rejects BRICS Currency, Signals Western Alignment
At the recent BRICS summit in Rio de Janeiro, India officially rejected the proposed joint currency initiative intended to reduce global dependence on the U.S. dollar. The move was confirmed by Indian External Affairs Minister S. Jaishankar, and it has caused friction within the BRICS bloc.
India’s refusal comes as Prime Minister Modi pursues deeper economic ties with the U.S., including negotiations on trade agreements reportedly worth $500 billion. Analysts see this as a strategic realignment toward the West—at the expense of BRICS unity.
Diplomatic Breakdown: Worst India-U.S. Crisis in 25 Years
National security expert Derek J. Grossman called the current standoff the worst diplomatic moment in U.S.-India relations since 1998.
India’s Ministry of Commerce & Industry responded to Trump’s tariff announcement with a carefully worded statement:
“The Government will take all steps necessary to secure our national interest.”
Whether this crisis leads to India formally exiting BRICS remains uncertain, but the current trajectory suggests New Delhi is increasingly aligned with Western economic frameworks, leaving its future in BRICS in question.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Saturday Morning 8-2-25
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SEC Chair Atkins Urges Crypto Firms to Return to the U.S. Amid Regulatory Shift
A growing number of global crypto companies are expanding or returning to the United States as the Trump administration signals a policy pivot toward digital asset growth and onshoring.
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SEC Chair Atkins Urges Crypto Firms to Return to the U.S. Amid Regulatory Shift
A growing number of global crypto companies are expanding or returning to the United States as the Trump administration signals a policy pivot toward digital asset growth and onshoring.
SEC Endorses ‘Reshoring’ Strategy
In a speech delivered at the America First Policy Institute, SEC Chair Paul Atkins urged the U.S. to “reshore the crypto businesses that fled,” calling for a renewed effort to bring blockchain innovation back under U.S. jurisdiction. His remarks aligned with a broader push by the Trump administration to make the U.S. a leading global hub for digital assets.
Treasury Secretary Scott Bessent echoed the sentiment, declaring that the U.S. has entered a “golden age of crypto” and encouraging entrepreneurs to “start your companies here, launch your protocols here, and hire your workers here.”
Policy Shift Spurs Return of International Firms
Backed by political support and clearer regulatory frameworks, several international firms are re-entering or expanding within the U.S. market:
Nexo (Bulgaria): Returned to the U.S. in April after a multi-year absence, citing improved regulatory clarity.
Deribit (Netherlands): Exploring a U.S. entry as of early May.
Wintermute (UK): Opened a New York office in May to increase U.S. market presence.
OKX (Seychelles): Relaunched U.S. operations in June, establishing a new headquarters in San Jose, California.
Bitmain (China): Announced plans to open its first U.S.-based ASIC production facility by 2026 and select a U.S. headquarters location by Q3 2025.
These moves come amid reports that other major ASIC manufacturers, including Canaan and MicroBT, are also shifting production to the United States.
U.S. Crypto Firms Expand Domestic Operations
Domestic firms are scaling up in response to state-level support and expanding regulatory certainty:
Kraken: Relocated its global headquarters to Cheyenne, Wyoming, in June, citing the state’s crypto-friendly policies.
MoonPay: Opened a new headquarters in New York in April and secured regulatory licenses to operate in all 50 states by June.
Conclusion
As pro-crypto reforms continue to take shape under the Trump administration, the return of global players and expansion of domestic firms suggest that the U.S. is regaining ground as a competitive destination for digital asset innovation.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
SEC Expands Crypto Roundtables Nationwide, Begins August 4 in Berkeley
The U.S. Securities and Exchange Commission (SEC) is taking its crypto policy outreach on the road, launching a nationwide series of roundtables aimed at early-stage blockchain developers and startups. The initiative, titled “Crypto on the Road,” builds on spring engagements that began in Washington and marks a significant expansion of the SEC’s public engagement with the digital asset industry.
Targeting Startups Outside Washington
According to the SEC’s August 1 announcement, the roadshow is designed to connect with smaller crypto teams—specifically those with 10 or fewer employees and less than two years in operation. The outreach aims to offer direct access to SEC representatives for developers and founders operating outside the Beltway.
Hester Peirce, head of the SEC’s Crypto Task Force, emphasized the importance of hearing from a broad cross-section of stakeholders:
“The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possible.”
How to Participate
Teams interested in participating can request a meeting slot by emailing crypto@sec.gov with the subject line “Crypto on the Road.” Applicants should include the city of interest, the names of one or two attendees, and a brief description of their project and team.
The SEC also plans to publish a list of participating projects to maintain transparency throughout the process.
Nationwide Schedule Runs Through December
The initial roadshow calendar includes ten stops across the country, running from August through December:
Berkeley, CA – August 4
Boston, MA – August 19
Dallas, TX – September 4
Chicago, IL – September 15
New York, NY – September 25
Irvine, CA – October 3
Cleveland, OH – October 24
Scottsdale, AZ – October 29
New York, NY (2nd stop) – November 12
Ann Arbor, MI – December 5
Dates are subject to change as logistics are finalized.
Building on Spring Engagements
The roadshow follows the SEC’s first Crypto Task Force roundtable, held on March 21 in Washington, D.C. That session brought together a wide spectrum of voices, from blockchain advocates to policy skeptics. The dialogue highlighted shared concerns around the lack of regulatory clarity, even as participants diverged on how best to define oversight for decentralized platforms.
Key areas of debate included:
The relevance and limitations of the Howey Test for evaluating digital assets
Whether token decentralization should exempt projects from securities classification
How regulation can encourage innovation without overreach
Following the inaugural session, the SEC hosted four additional events focusing on key regulatory issues, including the role of decentralized finance (DeFi) and consumer protection.
Seeking Ground-Level Insights
By moving discussions into key regional innovation hubs, the SEC is seeking more grounded insights from smart contract developers, tokenization teams, and early-stage consumer application builders. The insights gathered during this tour will help shape future SEC guidance and rulemaking on how digital assets and blockchain-based projects are treated under federal securities law.
@ Newshounds News™
Source: CryptoSlate
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“Tidbits From TNT” Saturday Morning 8-2-2025
TNT:
Tishwash: International oil companies return to operations in Kurdistan fields
A responsible source in the Kurdistan Regional Government revealed on Saturday that a number of international oil companies have resumed operations in the Kurdistan Region's oil fields.
The source explained that "the vital oil facilities in the Kurdistan Region were subjected to more than 22 drone attacks in various parts of the region," noting that "the investigative committee has not yet submitted its final report to Prime Minister Mohammed Shia al-Sudani."
TNT:
Tishwash: International oil companies return to operations in Kurdistan fields
A responsible source in the Kurdistan Regional Government revealed on Saturday that a number of international oil companies have resumed operations in the Kurdistan Region's oil fields.
The source explained that "the vital oil facilities in the Kurdistan Region were subjected to more than 22 drone attacks in various parts of the region," noting that "the investigative committee has not yet submitted its final report to Prime Minister Mohammed Shia al-Sudani."
He added, "The region will bear the responsibility of compensating companies for the quantities allocated for local consumption."
He continued, "The region is preparing to deliver the ready quantities of crude oil produced by foreign companies that have gradually returned to operating in the region to the State Oil Marketing Organization (SOMO) for export via the Turkish port of Ceyhan, stressing that this step reflects the regional government's commitment to a joint understanding with the federal government to regulate the export file and protect oil investments." link
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Tishwash: China Petroleum Engineering wins bid for massive offshore pipeline project in Iraq
China Petroleum Engineering Corporation (CPEC), a subsidiary of the China National Petroleum Corporation (CNPC), announced it has won a bid for a major offshore pipeline project in Iraq. The project is expected to be worth approximately $2.5 billion.
This project represents an important step towards strengthening Iraq's oil export infrastructure, particularly its offshore component, which will contribute to increasing the country's capacity to pump and export crude oil.
According to economic websites, a Chinese company's winning of this massive bid confirms the growing role of Chinese companies in the global oil and energy sector, particularly in the Middle East and Iraq.
This major investment reflects China's commitment to securing and diversifying its energy sources, as Iraq is one of the world's largest oil producers and a major supplier to China.
The project is expected to contribute to the creation of significant job opportunities, both directly and indirectly, during the construction and operation phases.
This pipeline could also contribute to increasing Iraq's oil export revenues, which is vital for the country's economy, which is heavily dependent on oil revenues.
This project is another example of the growing economic cooperation between Iraq and China, which includes many sectors, particularly energy and infrastructure. link
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Tishwash: Iraqis do not trust banks. More than 90% of the money supply is outside the banking system.
The relationship between Iraqi citizens and banks, both governmental and private, remains isolated or nearly severed, especially when it comes to depositing money with these banks. Citizens view these banks as deep wells that hide their money beneath the routine of lengthy transactions, while they see the rooms and closets of their homes as the safest places for their cash.
Citizen Wajdan Saleh is one of those people. She is afraid to deposit her money in Iraqi banks and prefers to keep it at home, citing her fear that the banks will not easily return her money if she needs it.
"I once deposited 5 million dinars in a government bank, and when I went to withdraw it after a long period of time, they asked me to follow impossible procedures that took more than a week," Wajdan told Shafaq News Agency.
Wajdan added that since then she has not deposited any money, even the remittances she receives from relatives outside Iraq, which she receives immediately upon arrival.
"The lack of trust between citizens and banks has led to citizens hoarding their money at home and not depositing it in banks, which has significantly impacted the monetary aggregate," MP Mustafa Al-Karawi asserted. He added, "The issue of developing the banking sector and merging banks has been raised repeatedly in parliament, and the primary reason behind this is the loss of confidence citizens have had in the banking system in Iraq."
Speaking to Shafaq News, Al-Karawi explained that this problem stems from long-standing issues related to weak electronic and banking accounting systems, which has made citizens reluctant to use them and prefer to withdraw their full salaries as soon as they are deposited into the card, leaving no balance.
He points out that the absence of modern banking systems has led people to refrain from depositing and saving in banks, which prompts many to hoard their money at home, which in turn leads to economic stagnation and reduces the amount of liquidity circulating in the market.
Al-Karawi calls for raising citizens' awareness and banking culture, as well as for government and commercial institutions and the private sector to adopt e-commerce transactions, as a key path to stimulating economic activity.
He concluded by saying that deposits in banks not only provide financial security for citizens, but also enable banks to provide development services such as loans and advances, which contribute to stimulating the market and achieving the desired economic growth.
Economist Dr. Ali Daadoush told Shafaq News Agency, "The phenomenon of hoarding money amounts to 92% of the monetary mass outside the banking system. It represents a fundamental challenge to the monetary and financial structure in Iraq and is one of the most prominent manifestations of the structural fragility of the monetary economy." He emphasized that "this phenomenon is complex and has behavioral, institutional, and economic dimensions."
He adds, "The culture of hoarding is not a new phenomenon. It is an extension of decades of political and economic instability, from blockades to sanctions, from a lack of security to fragile institutions. During these periods, the idea that paper money in your pocket is better than money in the bank became ingrained in the Iraqi mindset. However, this culture did not remain within the framework of individual behavior alone, but rather transformed into a general phenomenon, stifling the economic cycle and weakening the ability of banks to perform their vital functions, from financing to investment, from oversight to the activation of monetary instruments."
Daadoush points out that "the majority of those who hoard cash are individuals, particularly in small towns, rural areas, and areas not covered by banking services. This is due to a lack of trust in banks, a result of past experiences of bankruptcy, seizure, or corruption, and the absence of a culture of financial inclusion in the educational and media systems."
Daadoush points to "the difficulty of banking procedures, the lack of widespread branch presence, and the decline in digital banking services, which push people to cling to cash as an easier means of payment."
According to experts, this phenomenon has many negative aspects, including the central bank losing effective control over the money supply, and its tools, such as interest rates and rediscounting, becoming less effective. Meanwhile, banks suffer from a liquidity crunch, which weakens their ability to finance projects and pushes investors toward informal financing. Furthermore, managing inflation due to the unofficial money supply negatively impacts the central bank's decisions in achieving its primary objective of controlling the general price level and achieving stability.
Citizen Abdul Ali Alwan told Shafaq News Agency, "The procedures for opening a bank account require official identification documents and an amount not exceeding $100. This is normal, but the problem becomes more complicated if we are asked to withdraw part of the deposited amount."
He added, "Routine procedures hinder the withdrawal process and take more than a week."
Due to the instability and the closure of some private banks due to external sanctions, some people refuse to deposit money in these banks.
Contractor Abdul Zahra Fadel explains, "There are often times when there is a quick and urgent need for money, but banking procedures stand in the way. Some private banks are subject to sanctions that require them to shut down for a period of time, and then we face numerous problems."
He pointed out in an interview with Shafaq News Agency: "When a citizen opens a bank account in hard currency, the money transferred to him through the bank is not disbursed in the same currency," noting that "the money transfer is also not delivered at the parallel rate under the pretext that the account opened with the bank is in hard currency, and another account must be opened in local currency in order to withdraw the transfer."
He asserts that "banks in Baghdad adopt complex and often unreasonable procedures that place customers in prolonged suffering. This is completely different from the banks in the region, which enjoy ease and transparency in all their banking transactions."
Ultimately, the Iraqi government must improve the administrative performance of banks and increase citizen confidence in the banking system by facilitating the procedures for withdrawing and depositing funds. link
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De-Dollarization is Real, Brazil Just Proved it
De-Dollarization is Real, Brazil Just Proved it
Lena Petrova: 8-1-2025
Recent tensions between the United States and Brazil, marked by U.S. tariffs on Brazilian imports and visa bans on Brazilian judges, are not merely trade disputes. They are symptomatic of a deeper struggle over global financial dominance, at the heart of which lies Brazil’s innovative digital payment system, Pix.
This conflict underscores a significant geopolitical and economic shift centered around the long-standing reign of the U.S. dollar.
De-Dollarization is Real, Brazil Just Proved it
Lena Petrova: 8-1-2025
Recent tensions between the United States and Brazil, marked by U.S. tariffs on Brazilian imports and visa bans on Brazilian judges, are not merely trade disputes. They are symptomatic of a deeper struggle over global financial dominance, at the heart of which lies Brazil’s innovative digital payment system, Pix.
This conflict underscores a significant geopolitical and economic shift centered around the long-standing reign of the U.S. dollar.
Launched in 2020, Pix has rapidly transformed Brazil’s financial landscape. This government-run digital payment system offers a fast, free, and accessible platform that has reached over 76% of the population.
It has revolutionized how millions of Brazilians, particularly those previously excluded from formal banking, participate in the digital economy. Crucially, Pix bypasses the U.S. dollar as a settlement currency, allowing transactions to occur without relying on traditional U.S. financial infrastructure.
This innovation aligns perfectly with Brazilian President Lula da Silva’s broader vision of reducing dependence on the U.S. dollar, a trend reflecting the global shift towards currency multipolarity. This growing movement challenges the longstanding dominance of the dollar in global trade and finance.
Washington, however, views the ascent of Pix, and similar initiatives like BRICS Pay, as a direct threat to American economic leverage. Concerned about the implications for U.S. financial giants like Visa and Mastercard, the U.S. has responded with trade investigations and policy measures, including the imposition of tariffs and visa bans.
Yet, these retaliatory measures risk unintended consequences. By attempting to protect the status quo, the U.S. may inadvertently push Brazil and other emerging economies closer to alternative financial networks, bypassing U.S.-controlled systems like the SWIFT messaging network.
Pix’s success isn’t solely about challenging the dollar; it’s a testament to how local currency systems can drive financial inclusion and economic growth.
Rather than simply being an “anti-dollar” or “anti-American” tool, it serves as a powerful engine for domestic development.
The U.S. dollar’s long-standing dominance, built on global consent and trust, is now being questioned as countries like China, India, Russia, and Brazil actively develop new mechanisms for cross-border transactions independent of the dollar.
While a complete dethroning of the dollar will undoubtedly take time due to existing economic ties, the trend toward financial diversification is undeniable. Innovations like Pix are significant contributors to this erosion of U.S. financial hegemony, and ironically, U.S. policy responses could accelerate this very shift rather than prevent it.
The ongoing conflict surrounding Brazil’s Pix system is more than a bilateral dispute; it’s a microcosm of a larger battle over the future of global finance and geopolitical power.
It underscores how digital payment innovations in emerging economies can have profound implications beyond their borders, challenging established norms and redefining economic sovereignty in an increasingly multipolar world.
The U.S. pursuit of preserving dollar hegemony, though understandable, might ultimately serve to hasten the very transition towards a more diversified and distributed global financial system.
Fiat Currency Corrupts Society
Fiat Currency Corrupts Society
Liberty and Finance: 7-31-2025
We often discuss the economic implications of fiat currency – inflation, debt, and market fluctuations. But what if its impact runs far deeper, eroding the very fabric of society’s moral foundation?
This is the provocative argument put forth by financial analyst David Morgan in a recent discussion with Liberty and Finance. Morgan contends that the insidious nature of manipulated money extends beyond the balance sheet, subtly corrupting our collective values and diverting us from true purpose.
Fiat Currency Corrupts Society
Liberty and Finance: 7-31-2025
We often discuss the economic implications of fiat currency – inflation, debt, and market fluctuations. But what if its impact runs far deeper, eroding the very fabric of society’s moral foundation?
This is the provocative argument put forth by financial analyst David Morgan in a recent discussion with Liberty and Finance. Morgan contends that the insidious nature of manipulated money extends beyond the balance sheet, subtly corrupting our collective values and diverting us from true purpose.
Morgan’s central thesis is chillingly simple: when individuals and societies place their faith in a currency that can be arbitrarily created and devalued, rather than in enduring principles or a higher power, a profound moral distortion takes hold.
This misplaced trust in manipulated money, he argues, overshadows our understanding of value itself. Integrity, honesty, and genuine achievement are gradually overshadowed by a pursuit of superficial gain facilitated by an ever-expanding money supply.
The consequence, according to Morgan, is a society increasingly driven by consumerism and deceit.
Fiat currency, untethered from tangible assets or intrinsic worth, fosters an illusion of prosperity that encourages insatiable consumption.
This insatiable desire, in turn, can breed dishonesty, as the pursuit of more becomes paramount, often at the expense of ethical conduct.
Trust, the bedrock of any healthy society, is replaced by a system based on control and an increasingly pervasive illusion of wealth. Authenticity gives way to a culture where appearances and perceived affluence dictate status.
As society collectively accepts this “false money as truth,” Morgan warns, broader distortions inevitably emerge. These aren’t merely economic in scope; they permeate spiritual, cultural, and political landscapes.
The spiritual void created by a focus on material accumulation can lead to a loss of meaning and purpose. Culturally, a short-term, instant-gratification mindset replaces long-term planning and intergenerational responsibility. Economically, the cycle of boom and bust becomes more pronounced, enriching a few while destabilizing the many.
David Morgan’s message is not merely a critique; it’s a poignant call to action. He advocates for a fundamental shift back to the principles of sound money – currency rooted in real value and not subject to political manipulation.
More importantly, he urges a return to inner values – principles of integrity, truth, and genuine worth that transcend mere financial metrics. Only by reclaiming these foundational elements, Morgan asserts, can society truly reclaim genuine freedom, purpose, and a robust moral compass.
His insights serve as a potent reminder that the health of our financial system is inextricably linked to the health of our collective soul.
For a deeper dive into these profound assertions and to fully grasp the nuances of David Morgan’s argument, viewers are encouraged to watch the full video from Liberty and Finance.
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US SEC Rolls Out ‘Project Crypto’ to Rewrite Rules for Digital Assets
In a landmark shift for U.S. financial regulation, Securities and Exchange Commission Chair Paul Atkins has launched “Project Crypto,” a forward-looking initiative designed to overhaul how digital assets are governed in America. The project follows major policy recommendations released in a recent White House report on digital finance.
Atkins said the initiative aims to modernize the SEC for 21st-century capital markets, streamline regulation for crypto innovators, and ensure the U.S. maintains global leadership in digital finance.
A Response to the White House’s Digital Finance Blueprint
US SEC Rolls Out ‘Project Crypto’ to Rewrite Rules for Digital Assets
In a landmark shift for U.S. financial regulation, Securities and Exchange Commission Chair Paul Atkins has launched “Project Crypto,” a forward-looking initiative designed to overhaul how digital assets are governed in America. The project follows major policy recommendations released in a recent White House report on digital finance.
Atkins said the initiative aims to modernize the SEC for 21st-century capital markets, streamline regulation for crypto innovators, and ensure the U.S. maintains global leadership in digital finance.
A Response to the White House’s Digital Finance Blueprint
The new initiative was formed directly in response to the Biden-era President’s Working Group report, titled “Strengthening American Leadership in Digital Financial Technology.” The report urged federal agencies to build a coherent market structure for digital assets while eliminating fragmented oversight.
Under Project Crypto, Atkins proposed:
Unified licensing rules to allow brokerages to offer multiple digital instruments under a single registration;
Regulatory grace periods for early-stage crypto startups, including ICOs and decentralized software projects, to encourage innovation without immediate legal exposure;
Legal protections for self-custody, ensuring individuals and institutions retain the right to manage digital assets without custodial intermediaries;
A clear separation between commodities and securities, aligning crypto assets more accurately with the CFTC and SEC’s respective mandates.
“Many of the Commission’s legacy rules and regulations do not make sense in the twenty-first century — let alone for on-chain markets,” Atkins wrote. “The Commission must revamp its rulebook so that regulatory moats do not hinder progress and competition.”
A Regulatory Reset: Ending ‘Enforcement-First’ Tactics
Atkins’ leadership marks a dramatic reversal of the SEC’s prior posture, which was widely criticized for regulating crypto by enforcement rather than by policy. Since his appointment, the agency has:
Ended regulation-by-enforcement as a default approach to the crypto sector;
Approved multiple crypto exchange-traded funds (ETFs);
Clarified staking income guidance, affirming that rewards earned from proof-of-stake validation do not constitute securities transactions;
Authorized in-kind redemptions for crypto ETFs, a key functionality for institutional investors managing large-scale inflows and outflows.
These reforms reflect a deeper institutional commitment to integrating crypto into the mainstream financial system, rather than pushing it to the regulatory margins.
Joint Oversight with CFTC and a Focus on Stablecoins
In line with the White House report’s recommendations, joint jurisdiction between the SEC and the Commodity Futures Trading Commission (CFTC) will now define federal oversight of the crypto sector:
The CFTC will assume primary responsibility over spot crypto markets, affirming its role as the chief regulator for crypto commodities like Bitcoin.
The SEC will focus on security tokens, tokenized investment contracts, and digital asset platforms that function more like exchanges or broker-dealers.
The report also laid out a framework for stablecoin policy, interagency coordination, and banking integration — areas that will be built out as Project Crypto progresses.
The Path Ahead: Toward American Crypto Leadership
Project Crypto signals more than regulatory reform — it marks a strategic repositioning of the United States in the global digital economy. By creating legal clarity and reducing uncertainty, the initiative is designed to attract builders, protect consumers, and ensure that digital asset innovation remains anchored on American soil.
“Outfitting the SEC for internet capital markets and onchain finance is no longer optional — it’s essential for economic competitiveness,” Atkins said.
As Washington realigns its crypto policies, Project Crypto could become a cornerstone in defining the next era of financial innovation — one that balances open markets, strong protections, and global leadership.
@ Newshounds News™
Source: Cointelegraph
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Senator Lummis Proposes Law Requiring Fannie and Freddie to Count Crypto in Mortgage Risk Evaluations
In a significant step toward integrating digital assets into U.S. housing finance, Senator Cynthia Lummis (R‑Wyo.) has introduced the 21st Century Mortgage Act, which would compel Fannie Mae and Freddie Mac to consider cryptocurrency holdings when evaluating risk in single-family mortgage applications.
The legislation follows recent action by the Federal Housing Finance Agency (FHFA), whose director Bill Pulte ordered that crypto reserves be counted as eligible assets in underwriting models. The new measure would formalize and expand that shift, positioning the U.S. mortgage industry to better reflect a digital-first financial reality.
From Cold Storage to Homeownership: A Modernization of Risk Assessment
Under current practices, government-sponsored enterprises (GSEs) like Fannie and Freddie typically assess loan risk based on traditional assets such as cash, retirement accounts, and securities. Cryptocurrency, despite being a growing source of wealth—especially among younger Americans—has largely been excluded due to volatility concerns and regulatory ambiguity.
The 21st Century Mortgage Act changes that by:
Mandating recognition of digital assets recorded on cryptographically secure ledgers;
Barring lenders from requiring borrowers to liquidate crypto holdings into fiat currency simply to qualify for consideration in mortgage risk evaluations;
Aligning GSE underwriting with financial realities in which digital savings play an increasingly central role.
Senator Lummis emphasized that this measure is a response to declining homeownership rates among younger Americans and the widespread adoption of crypto.
“Rather than punishing innovation, government agencies must evolve to meet the needs of a modern, forward‑thinking generation,” Lummis stated.
Backed by FHFA Policy and Market Momentum
The legislation would codify a recent directive by FHFA Director Bill Pulte, who in June instructed Fannie Mae and Freddie Mac to:
Treat cryptocurrency reserves as eligible assets in risk assessments for single-family loans;
Develop processes to recognize those balances without requiring conversion into U.S. dollars;
Review how broader digital asset holdings—especially Bitcoin—can be safely integrated into mortgage underwriting models.
This marks a break from legacy practices, where underwriters excluded crypto entirely, citing market unpredictability and lack of clear guidance.
Pulte’s move signals a regulatory rethinking of digital asset legitimacy, especially as the FHFA—tasked with overseeing Fannie, Freddie, and the Federal Home Loan Banks—seeks to modernize the housing finance ecosystem.
Policy Clarity Without Crypto Mortgages (Yet)
It’s important to note: the bill does not permit mortgage repayments in cryptocurrency. Instead, it allows verified crypto holdings to be counted in:
Asset verification, used to determine borrower capacity;
Risk modeling, used by GSEs to assess portfolio strength and loan eligibility.
By expanding the asset base eligible for consideration, the law aims to give crypto-native borrowers access to the same mortgage pathways as traditional savers.
A Generational Shift in Homeownership Strategy
Data from the U.S. Census Bureau shows homeownership rates for Americans under 35 at just 36.6%, even as 21% of U.S. adults report holding crypto—with two-thirds under age 45. These figures highlight a generational mismatch between how financial stability is measured and how wealth is now built.
The bill also arrives as part of a broader shift in regulatory tone under the current administration, which has begun addressing crypto policy more comprehensively—particularly in areas of banking, taxation, stablecoins, and capital markets.
Bridging Digital Assets and Traditional Finance
Senator Lummis, a long-time crypto policy advocate, is leveraging bipartisan concern over declining homeownership and outdated underwriting models to push for practical integration of digital finance into federal housing policy.
If passed, the 21st Century Mortgage Act could become a template for future crypto-inclusive reforms, enabling financial institutions to recognize digital savings without compromising risk standards or requiring unnecessary fiat conversions.
As Lummis frames it: modernization isn’t about abandoning oversight — it’s about updating the rules to reflect financial reality.
@ Newshounds News™
Source: CryptoSlate
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Coinbase Launches XRP Perpetual Futures to Expand Institutional Access
Coinbase is set to launch XRP U.S. Perpetual-Style Nano Futures on August 18, marking a significant expansion in its derivatives lineup and providing institutional investors with a capital-efficient, margin-enabled vehicle to gain exposure to one of crypto’s most liquid assets.
Announced via Coinbase Institutional on July 29, this new offering represents a regulated and long-duration alternative to traditional spot trading, enhancing access to XRP through Coinbase Derivatives LLC, a CFTC-registered designated contract market.
XRP Futures Designed for Institutional Utility and Spot-Price Alignment
The nano XRP perpetual-style contract—listed under the symbol XPP—is structured to mirror the XRP spot price through a dynamic funding rate mechanism, which credits or debits open positions based on market movements.
Each contract will represent 500 XRP, offering a 5-year, cash-settled duration, rebalancing weekly via clearing adjustments. Trading will occur from Friday evening through the following Friday afternoon, with a short weekly pause, and contracts will auto-roll through December 2030.
“The Coinbase Derivatives, LLC nano XRP Perp Style Futures Contract is a 5-year cash-settled futures contract that tracks closely to spot price by using a funding rate to debit/credit open positions via a clearing cash adjustment,” the company’s product documentation explains.
This format enables institutions to hedge XRP exposure, speculate on future price trends, or leverage margin trading strategies, all within a regulated U.S. derivatives framework.
Building on a Regulated Futures Framework
Coinbase’s August launch builds on groundwork laid earlier this year:
In April 2025, Coinbase filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures.
That same month, the exchange launched two monthly XRP futures products: a nano contract (500 XRP) and a larger XRL contract (10,000 XRP)—both cash-settled and monthly expiring.
The upcoming perpetual-style XRP futures mark a clear evolution from those products by eliminating expiration and extending visibility for long-term strategies.
This move aligns with Coinbase’s broader initiative to reshape U.S. market access for digital assets through regulated derivatives offerings that mirror traditional financial instruments but leverage the liquidity and innovation of crypto markets.
Why It Matters: Institutional Crypto Derivatives Come of Age
As the digital asset sector matures, demand is increasing for compliant, capital-efficient tools that offer reliable price tracking, risk management, and regulatory clarity. Coinbase’s latest XRP futures offering addresses this need, particularly at a time when:
Institutional participation in crypto is rising;
CFTC-registered exchanges are gaining favor over offshore alternatives;
And digital asset derivatives are becoming central to portfolio construction and hedging strategies.
This development further legitimizes XRP as a viable component of institutional portfolios, especially in light of growing clarity around its legal and regulatory standing in the U.S.
Outlook: Coinbase Pushes for Derivatives Dominance
With Coinbase Derivatives LLC at the helm and XRP nano perpetuals leading the charge, the exchange is cementing itself as a frontrunner in regulated crypto futures, aiming to provide U.S. investors with alternatives that are:
Lower in capital requirements than full spot holdings;
More flexible in exposure timeframes;
And compliant with evolving CFTC oversight.
This launch not only expands investor access to XRP but also signals Coinbase’s broader intent to bridge the gap between traditional finance and digital assets—one futures contract at a time.
@ Newshounds News™
Source: Bitcoin.com
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Visa Expands Stablecoin Settlement Platform With PYUSD, USDG, EURC and Adds Stellar, Avalanche Support
Visa has announced the addition of three new stablecoins and two additional blockchains to its digital asset settlement platform, further reinforcing its commitment to a multi-chain, multi-currency future in global payments.
The move is part of a strategic collaboration with Paxos, the blockchain infrastructure provider behind PayPal’s digital asset products, and comes amid growing institutional demand for regulated stablecoins following the recent passage of the GENIUS Act in the United States.
Visa Adds PYUSD, USDG, and EURC to Stablecoin Settlement Suite
The newly supported stablecoins include:
PayPal USD (PYUSD) – a U.S. dollar-backed stablecoin issued by Paxos.
Global USD (USDG) – another USD-backed token structured for institutional settlement.
EURC – a euro-backed stablecoin issued by Circle.
These stablecoins join USDC, which Visa first integrated in 2021. With the latest additions, Visa now supports four fiat-backed stablecoins and allows settlement across 25+ fiat currencies, enabling partners to conduct multi-currency settlements with greater capital efficiency.
Stellar and Avalanche Join Ethereum and Solana on Visa’s Blockchain Roster
In addition to expanding its stablecoin lineup, Visa has also extended blockchain compatibility to include:
Stellar (XLM)
Avalanche (AVAX)
These new networks join Ethereum and Solana, which were previously integrated into Visa’s pilot and settlement infrastructure. This multi-chain expansion is part of Visa’s effort to build a scalable, flexible architecture for programmable money.
“When stablecoins are scalable, interoperable, and trusted, they can fundamentally transform how money moves globally,” said Rubail Birwadker, Visa’s Global Head of Growth Products and Partnerships.
Visa’s updated platform positions it as a neutral settlement layer for Web3 applications and enterprise payment solutions alike, offering compatibility across token types and blockchain ecosystems.
GENIUS Act Fuels Stablecoin Momentum Across Finance Sector
Visa’s latest move follows a surge of interest in stablecoins across the financial sector, spurred by the GENIUS Act, now U.S. law, which formally regulates fiat-backed digital currencies under federal banking oversight.
Since the law’s passage:
Citibank, Bank of America, and other major institutions have signaled plans to issue or custody stablecoins.
Global transaction volumes involving stablecoins have continued to rise.
Analysts project the stablecoin market will expand from $275 billion to $2 trillion by 2030.
Visa’s stablecoin expansion comes at a pivotal moment for the industry, as tokenized money begins to intersect with traditional finance on a global scale.
Strategic Positioning for the Future of Money
Visa’s continued investment in blockchain infrastructure and regulated stablecoins reflects a deliberate effort to future-proof its payment network, offering partners a toolkit that spans currencies, jurisdictions, and blockchain rails.
With support for:
4 stablecoins (USDC, PYUSD, USDG, EURC)
4 blockchains (Ethereum, Solana, Stellar, Avalanche)
…Visa is poised to serve as a critical bridge between the traditional financial system and the decentralized internet of value.
@ Newshounds News™
Source: TheCryptoBasic
~~~~~~~~~
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India Lets 30 Countries Trade With Rupee in New BRICS Strategy
As tensions escalate between Washington and the BRICS alliance, India has taken a bold step to internationalize the rupee, allowing nearly 30 countries to settle cross-border transactions directly in its national currency. The move comes just as U.S. President Donald Trump imposed steep 25% tariffs on Indian goods, citing what he described as anti-American activities, including New Delhi’s ongoing energy and defense partnerships with Russia.
The development represents a clear advance in the BRICS bloc’s de-dollarization strategy, with India now positioning the rupee as an alternative settlement currency for international trade — a direct challenge to U.S. dollar dominance.
Good Afternoon Dinar Recaps,
India Lets 30 Countries Trade With Rupee in New BRICS Strategy
As tensions escalate between Washington and the BRICS alliance, India has taken a bold step to internationalize the rupee, allowing nearly 30 countries to settle cross-border transactions directly in its national currency. The move comes just as U.S. President Donald Trump imposed steep 25% tariffs on Indian goods, citing what he described as anti-American activities, including New Delhi’s ongoing energy and defense partnerships with Russia.
The development represents a clear advance in the BRICS bloc’s de-dollarization strategy, with India now positioning the rupee as an alternative settlement currency for international trade — a direct challenge to U.S. dollar dominance.
Rupee Push Gains Momentum Through Vostro Accounts
At the heart of India’s effort is the use of Vostro bank accounts, a mechanism enabling foreign countries to settle transactions with India in rupees rather than relying on the U.S. dollar or other reserve currencies. These accounts are maintained by Indian banks on behalf of overseas banks, allowing direct rupee remittances without conversion losses.
The Reserve Bank of India (RBI) recently removed caps on investments made via these accounts, signaling a major policy shift toward facilitating rupee-based trade.
So far, 22 of the 30 countries have already executed trades using the rupee, including both BRICS members and key economic partners:
BRICS/Partners: Russia, Belarus, Malaysia, Uganda
Others: Bangladesh, Botswana, Fiji, Germany, Guyana, Israel, Kazakhstan, Kenya, Maldives, Mauritius, Myanmar, New Zealand, Oman, Seychelles, Singapore, Sri Lanka, Tanzania, United Kingdom
Trump Responds with Tariffs and Penalties
While India moves ahead with its rupee trade initiative, President Trump has responded forcefully. In addition to the 25% tariffs on Indian imports, the U.S. has penalized India for purchasing Russian crude oil and military hardware, defying American sanctions on Moscow.
Trump’s latest actions are part of a broader strategy to confront BRICS countries that seek to undermine the dollar’s global role. India’s growing rupee diplomacy is being interpreted in Washington as a key piece of this puzzle.
Trump, in his public remarks, has warned that nations benefiting from U.S. trade ties must not simultaneously support alternative financial systems that weaken American influence. His administration appears to view India’s Vostro-driven settlement system as a strategic provocation.
India Advances, BRICS Realigns
India’s rupee trade policy is not just about currency—it is a geopolitical signal of intent. By reducing reliance on the dollar for trade settlements, New Delhi is asserting economic sovereignty, while also reinforcing BRICS goals of multipolar finance and reduced Western dependency.
According to sources familiar with the RBI’s strategy, the goal is long-term: to position the rupee as a viable medium of exchange within Asia, Africa, and the broader Global South.
In this new financial architecture, BRICS-aligned economies are working together to design non-dollar payment rails, and India is becoming a central player in that effort.
Outlook: Rupee Trade Meets Washington Resistance
While India’s Vostro framework is gaining traction globally, its future viability will depend on how the U.S. reacts in the coming months. The Trump administration’s tariffs are just one layer of pressure. Additional sanctions or financial restrictions on countries using rupee settlements could emerge, potentially complicating India's push.
Still, India’s currency diplomacy signals a deeper BRICS realignment, one where national currencies replace dollar hegemony — at least in targeted sectors of bilateral trade. What comes next may reshape global commerce and force emerging economies to choose between U.S. alignment or BRICS autonomy.
@ Newshounds News™
Source: Watcher.Guru
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“Tidbits From TNT” Friday 8-1-2025
TNT:
Tishwash: The dinar rises and trade falls... a monetary paradox that confuses markets and curbs consumption.
Amid an atmosphere of cautious anxiety, Iraqi markets are gripped by a deep recession, with economic indicators intersecting with political variables, creating a stagnation-ridden business environment characterized by stagnation and low expectations. The sharp decline in purchasing power, the chronic volatility of the dinar's exchange rate against the dollar, and the government's shrinking spending are all symptoms of a complex problem that extends beyond the market to touch upon the very structure of Iraq's rentier economy.
TNT:
Tishwash: The dinar rises and trade falls... a monetary paradox that confuses markets and curbs consumption.
Amid an atmosphere of cautious anxiety, Iraqi markets are gripped by a deep recession, with economic indicators intersecting with political variables, creating a stagnation-ridden business environment characterized by stagnation and low expectations. The sharp decline in purchasing power, the chronic volatility of the dinar's exchange rate against the dollar, and the government's shrinking spending are all symptoms of a complex problem that extends beyond the market to touch upon the very structure of Iraq's rentier economy.
The manifestations of this stagnation are manifested in a state of "passive waiting" prevalent among consumers and traders. Despite its relative recovery, the dollar has become a source of suspicion rather than a catalyst for activity. The more the price declines, the more markets freeze, and citizens withdraw from the trading scene in hopes of further declines. This turns purchasing into a financial bet. An Iraqi economist summed it up by saying, "Demand in Iraq no longer follows need, but rather monetary sentiment."
The statements of Rashid Al-Saadi, a representative of the Baghdad Chamber of Commerce, are an indication of the growing entanglement between economics and politics. He clearly pointed to the impact of the Central Bank's decisions, the budget delays, and the reduced reliance on the parallel market. These observations reinforce the conviction that the issue goes beyond market fluctuations to the declining effectiveness of fiscal and monetary policy tools, given the absence of a proactive state role that can absorb shocks.
The repercussions extend to a darker landscape as experts speak of business losses, a shrinking real estate market, a decline in investment, and a weakening confidence in the effectiveness of monetary policy. These indicators reveal a flaw in the Iraqi economy's equation, which is based on government spending that is only achieved through the approval of a budget, oil revenues that are slowly translated into projects, and a legislative structure that hinders market flexibility rather than protecting it.
It appears that the state, as the economic center of gravity, has become a bystander or a deferent, which has pushed the market toward a horizontal recession across various sectors, from real estate to automobiles, from tourism to trade, without the decline in inflation having any significant revival effect.
In contrast to this bleak landscape, some sectors, such as agriculture, the food industry, and e-commerce, appear less affected. However, they remain exceptions that do not alter the nature of the dilemma. The problem is structural, requiring urgent monetary and legislative reforms to restore investor confidence, curb market volatility, and recalibrate the relationship between the state and the private sector, moving away from improvisation and persecution rather than partnership. link
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Tishwash: Oil is not another reason delaying the submission of budget tables to Parliament, and a warning against entering 2026 without them.
Economic expert Safwan Qusay revealed non-oil reasons behind the delay in submitting the budget schedules to parliament, warning of the repercussions of entering 2026 without actual approval, which could disrupt public spending and impact economic stability.
Qusay told Al Furat News: "The delay in sending it is not only related to fluctuating oil prices, but also to a government attempt to audit the numbers of employees, retirees, and those covered by welfare and the ration card, which may reveal exaggerations and inaccurate funding in some items over the past years."
He added, "Financial and economic stability requires sustaining spending rates at levels similar to those recorded in the 2024 budget, which amounted to approximately 360 trillion dinars," noting that "a decline in public spending could lead to an economic contraction, particularly in items related to new projects and job opportunities."
Qusay explained that "the government continues to spend on salaries, pensions, welfare, and the food basket, as these are governed by laws. However, investment agreements and development projects require financial schedules to ensure sustainable funding and reduce unemployment rates."
He pointed out that "budget tables represent an important reference for the private sector, which relies on them to plan imports and investments," noting that "the absence of these tables will lead to economic confusion, requiring urgent intervention from Parliament to avoid entering the next year without a legal basis for spending."
In a related context, Qusay noted that "oil prices during the first half of 2025 reached approximately $70 per barrel," stressing that "the future outlook for the markets indicates the possibility of prices rising due to increased demand from China and the United States and improved understandings between the European Union and the United States, which could push the price to $73."
Regarding production policy, the expert concluded by saying, "The Ministry of Oil is determined to increase production capacity to nearly 6.5 million barrels per day over the coming years, while Iraq's OPEC quota is gradually increasing by 50,000 barrels per month in preparation for returning to the production capacity approved in November 2023." link
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Tishwash: Industry: The first locally manufactured portable thermal imaging system has been completed and security authorities have been notified.
The Ministry of Industry announced on Friday the completion of the first locally manufactured portable thermal imaging camera system, while noting that it had approached security and military agencies to discuss the use of this national system.
Ministry spokeswoman Duha al-Jubouri said in a press statement that "the ministry has completed the first portable thermal camera system, manufactured locally at the Al-Kindi factory affiliated with the General Company for Communications and Capacity in Nineveh Governorate.
" She added that "the new system is used for field surveillance and covers an area of up to 360 degrees, with a range of 6 to 30 kilometers, depending on the required specifications. It operates on solar energy and batteries to provide the necessary energy for long periods."
She confirmed that "the ministry has approached security and military agencies, such as the Ministries of Defense and Interior, to benefit from this national system," noting that "it will work to develop it later." link
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