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Seeds of Wisdom RV and Economic Updates Thursday Morning 2-20-25
Good Morning Dinar Recaps,
XRP NEWS: BRAZIL APPROVES WORLD’S FIRST SPOT ETF, LEAVING U.S. BEHIND
▪️Brazil becomes first country to approve spot XRP ETF, surpassing the U.S.
▪️Brazil’s CVM approves Hashdex Nasdaq XRP Index Fund, awaiting B3 stock exchange listing.
▪️Meanwhile, U.S. SEC delays XRP ETF decisions, awaiting Ripple lawsuit resolution.
Brazil has made history by approving the first spot XRP exchange-traded fund (ETF), taking the lead ahead of the U.S. and other major markets. The country’s Securities and Exchange Commission (CVM) has given Hashdex the go-ahead for its XRP ETF. Meanwhile, the ETF is set to debut on the B3 stock exchange, offering investors direct exposure to XRP.
Good Morning Dinar Recaps,
XRP NEWS: BRAZIL APPROVES WORLD’S FIRST SPOT ETF, LEAVING U.S. BEHIND
▪️Brazil becomes first country to approve spot XRP ETF, surpassing the U.S.
▪️Brazil’s CVM approves Hashdex Nasdaq XRP Index Fund, awaiting B3 stock exchange listing.
▪️Meanwhile, U.S. SEC delays XRP ETF decisions, awaiting Ripple lawsuit resolution.
Brazil has made history by approving the first spot XRP exchange-traded fund (ETF), taking the lead ahead of the U.S. and other major markets. The country’s Securities and Exchange Commission (CVM) has given Hashdex the go-ahead for its XRP ETF. Meanwhile, the ETF is set to debut on the B3 stock exchange, offering investors direct exposure to XRP.
XRP ETF Finally Gets Approval
According to recent reports, Brazil’s CVM has approved the Hashdex Nasdaq XRP Index Fund, making it the first spot XRP ETF to receive official regulatory backing.
However, established on December 10, 2024, the fund is now in its pre-operational phase, awaiting final clearance from the B3 stock exchange before trading can begin. Hashdex, the asset manager behind the fund, has yet to announce the official listing date.
This approval is a big step forward as more people worldwide show interest in crypto ETFs. Meanwhile, investors want safe and regulated ways to invest in digital assets, and Brazil’s quick action puts it ahead of many other countries in meeting this need.
XRP ETF Interest Grows Worldwide
Several major firms, including Bitwise, 21Shares, CoinShares, and Grayscale, have recently filed applications for spot XRP ETFs. However, the U.S. Securities and Exchange Commission (SEC) has yet to approve any of these applications.
Meanwhile, Bloomberg senior ETF analysts James Seyffart and Eric Balchunas both estimate a 65% chance of approval but suggest that the SEC may delay any decision until its lawsuit against Ripple is fully resolved.
XRP Price Recorded 7% Gain
After Brazil approved the XRP ETF, the price of XRP jumped by 7%, reaching around $2.67 in the last 24 hours. This rise made XRP the best-performing asset among the top ten cryptocurrencies, with a 10% gain over the week.
Although recent data from Coinglass shows that XRP saw $8.20 million in future liquidations during this time. Out of this, $2.31 million came from long positions, while $5.69 million came from short positions.
Meanwhile, Key Market indicators like the Relative Strength Index (RSI), Stochastic Oscillator (Stoch), and Moving Average Convergence Divergence (MACD) suggest strong buying momentum, hinting at more possible gains for XRP.
@ Newshounds News™
Source: Coinpedia
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TRUMP’S RADICAL GOVERNMENT SHAKE-UP TARGETS NASA, IRS, FDIC, AND DHS
President Donald Trump’s administration is executing a sweeping overhaul of the U.S. civil service, with tech billionaire Elon Musk spearheading the Department of Government Efficiency (DOGE). Thousands of federal employees have been dismissed as part of this controversial restructuring.
Trump claims the initiative will save "hundreds of billions," though Musk’s team reports $55 billion in savings so far—less than 1% of the federal budget. Republicans praise the effort to cut what they see as bloated bureaucracy, while Democrats argue it threatens essential government services and middle-class jobs.
NASA faces 1,000 layoffs, while the IRS has identified at least 7,500 employees for termination. The Federal Deposit Insurance Corporation (FDIC) and the Federal Emergency Management Agency (FEMA) have also begun dismissals. Meanwhile, the Department of Homeland Security (DHS) is preparing to fire hundreds of senior employees deemed not aligned with Trump.
Critics question Musk’s authority as his companies, including Neuralink, remain under federal investigation. Lawsuits challenging his role have produced mixed rulings, with a judge recently allowing the campaign to proceed while raising concerns about oversight.
Trump further asserted executive power by ordering greater presidential control over independent agencies. Meanwhile, lawmakers claim transparency is lacking, with oversight requests going unanswered.
Defending Musk, Trump called him a “patriot” but clarified that he would not have decision-making authority over space-related matters. As mass layoffs continue across federal agencies, uncertainty looms over the future of government operations and thousands of public-sector employees.
@ Newshounds News™
Source: Economic Times
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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-19-25
Good Afternoon Dinar Recaps,
FRANKLIN TEMPLETON LAUNCHES TOKENIZED U.S. TREASURY FUND IN LUXEMBOURG
Franklin Templeton, a leading global asset manager, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, broadening access for institutional investors across Europe.
The First Fully Tokenized U.S. Gov’t Fund
Notably, the Franklin OnChain U.S. Government Money Fund is the first fully tokenized Luxembourg-based fund investing in U.S. government securities, as per the press release. This would mean that Shares in the fund are recorded and transferred on the blockchain using Franklin Templeton’s platform, improving efficiency, transparency, and security.
Good Afternoon Dinar Recaps,
FRANKLIN TEMPLETON LAUNCHES TOKENIZED U.S. TREASURY FUND IN LUXEMBOURG
Franklin Templeton, a leading global asset manager, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, broadening access for institutional investors across Europe.
The First Fully Tokenized U.S. Gov’t Fund
Notably, the Franklin OnChain U.S. Government Money Fund is the first fully tokenized Luxembourg-based fund investing in U.S. government securities, as per the press release. This would mean that Shares in the fund are recorded and transferred on the blockchain using Franklin Templeton’s platform, improving efficiency, transparency, and security.
The fund operates on the Stellar XLM network and is available to institutional investors in eight European countries, including Austria, France, Germany and Italy, following regulatory approval in October. Notably, the U.S. version of the fund, launched in 2021, has gained over $580 million in assets but is only available to U.S. investors, according to rwa.xyz data.
European Investors Gain Access to Efficient Investment Option
This launch gives institutional investors in eight European countries access to a more efficient and transparent investment option. By using blockchain, it modernizes transactions and emphasizes the growing role of tokenization in finance. As real-world asset tokenization rises, it’s clear that traditional finance and crypto are merging.
Tokenized U.S. Treasuries are leading the charge in real-world asset tokenization, growing into a $4 billion market this year. Franklin Templeton was the first major financial institution to launch such a product, making it the third-largest tokenized treasury fund by assets, Hashnote’s USYC and BUIDL, issued by BlackRock and Securitize.
Franklin Templeton Expands Tokenized Treasury Fund to Solana
Recently, Franklin Templeton announced expanding its tokenized treasury fund to Solana. This move followed the registration of the Franklin Solana Trust in Delaware previously. The fund also known as Franklin OnChain U.S. Government Money Fund (FOBXX) was made accessible on eight blockchains, adding Solana to its previous networks, which included Stellar, Aptos, Avalanche, Arbitrum, Polygon, Base, and Ethereum.
@ Newshounds News™
Source: Coinpedia
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BRICS: RUSSIA EXPLORES MAJOR PARTNERSHIP WITH THE U.S
BRICS member Russia is exploring major partnerships with the U.S. to help its economy stay afloat. The Biden administration pressed sanctions on Russia in February 2022 for invading and waging war against its neighboring country Ukraine.
The White House sent billions to Zelensky through funds, warplanes, and military equipment. Despite receiving billions, Zelensky repeatedly demanded more and gained funds from the U.S. and the European Union (EU).
Russia is now eyeing deals with the Trump administration to save its economy from collapsing. The U.S. and BRICS member Russia discussed possible cooperation on energy projects in the Arctic during a meeting in Saudi Arabia.
Kirill Dmitriev, the head of the state-owned Russian Direct Investment Fund (RDIF) confirmed that both sides negotiated some “specific areas of cooperation” and also discussed other economic policies in broad strokes.
BRICS: Russia & U.S. Look at Energy Projects in the Arctic Region
Dmitriev revealed that BRICS member Russia and the U.S. may initiate joint energy projects in the Arctic region. “It was more a general discussion — maybe joint projects in the Arctic. We specifically discussed the Arctic,” Dmitriev said. The discussions are yet to turn into official policy as both sides are weighing their options.
If the deal goes through with the U.S., BRICS member Russia could get an economic boost that could bolster its GDP. Russia’s economy has been stagnant and Putin was finding alternative options to settle trade. Trump made it clear that he wants the U.S. to dominate the oil and gas sector leaving no room for others.
Dmitriev said that BRICS member Russia is confident that a new energy deal with the U.S. could go through. Russia is “Positive after the Biden administration destroyed all of the communication, and destroyed all of the discussion,” he said. A new chapter in the energy sector could open up if the U.S. and Russia’s Arctic oil deal goes through.
@ Newshounds News™
Source: Watcher Guru
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@ Newshounds News™
Source: CoinTelegraph on Telegram
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@ Newshounds News™
Source: BricsNews on Telegram
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Is The US Govt Scrambling To Buy Gold? | Michael Pento
s The US Govt Scrambling To Buy Gold? | Michael Pento
Liberty and Finance: 2-18-2025
In this interview, Michael Pento offers a compelling theory about the U.S. gold reserves, suggesting that the official 261 million ounces of gold reported by the Treasury may not truly be there.
He speculates that the U.S. government could be scrambling to buy gold to replace what has been loaned out or never existed, potentially in preparation for an audit.
The price of gold has been defying expectations. Despite headwinds from high interest rates and a strong dollar – factors that typically depress the price of the precious metal – it continues its upward march. Is inflation the only driver? According to market expert Michael Pento, the answer might be more complex, and even a little unsettling.
Is The US Govt Scrambling To Buy Gold? | Michael Pento
Liberty and Finance: 2-18-2025
In this interview, Michael Pento offers a compelling theory about the U.S. gold reserves, suggesting that the official 261 million ounces of gold reported by the Treasury may not truly be there.
He speculates that the U.S. government could be scrambling to buy gold to replace what has been loaned out or never existed, potentially in preparation for an audit.
The price of gold has been defying expectations. Despite headwinds from high interest rates and a strong dollar – factors that typically depress the price of the precious metal – it continues its upward march. Is inflation the only driver? According to market expert Michael Pento, the answer might be more complex, and even a little unsettling.
In a recent interview on Liberty and Finance, Pento floated a provocative theory: the U.S. gold reserves, officially reported by the Treasury at 261 million ounces, may not be what they seem. He suggests that the government could be secretly scrambling to acquire gold, not necessarily for standard economic purposes, but potentially to replenish reserves that have been loaned out or, more dramatically, never existed in the first place.
Pento’s speculation centers around the possibility of an impending audit of the U.S. gold reserves. While the government routinely claims to hold a vast quantity of gold, independent verification is rare. His theory posits that if a rigorous audit were to be undertaken, the U.S. might find itself in a precarious position, forced to scramble for gold to cover a shortfall.
This isn’t just about questioning the numbers; it’s about the implications for the global economy. If Pento’s theory holds water, it could point to a deeper instability within the U.S. financial system than is currently acknowledged. A lack of transparency surrounding gold reserves erodes trust in the government’s financial management and could have far-reaching consequences.
The interview underscores the importance of keeping a close eye on gold and other real assets as barometers of economic health. In an era of unprecedented economic uncertainty, these tangible investments can offer a clearer picture of the underlying realities than traditional financial indicators.
Whether Pento’s theory proves accurate remains to be seen. However, his perspective provides a compelling reason to question the official narrative and demand greater transparency regarding the nation’s gold reserves.
As the price of gold continues to defy conventional wisdom, his words serve as a powerful reminder that the truth is often hidden beneath the surface. The continued rise in gold prices, despite unfavorable market conditions, demands closer scrutiny and could be signaling a silent, strategic maneuver by the powers that be. The message is clear: watch gold, and watch it closely.
Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-19-25
Good Morning Dinar Recaps,
GOLDMAN SACHS RAISES 2025 GOLD PRICE FORECAST TO $3,100 AMID CENTRAL BANK DEMAND
Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce from $2,890, driven by sustained central bank demand. The investment bank predicts that higher central bank purchases, now estimated at 50 tonnes per month (up from 41 tonnes), will boost gold prices by 9% by year-end, alongside increased ETF inflows as interest rates decline.
Goldman noted that if monthly purchases reach 70 tonnes, gold could climb to $3,200, while steady Federal Reserve rates could see prices at $3,060. Persistent policy uncertainty, including trade tensions, may push gold to $3,300 due to prolonged speculative buying. Rising U.S. fiscal concerns could further lift prices to $3,250 by December 2025.
Good Morning Dinar Recaps,
GOLDMAN SACHS RAISES 2025 GOLD PRICE FORECAST TO $3,100 AMID CENTRAL BANK DEMAND
Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce from $2,890, driven by sustained central bank demand. The investment bank predicts that higher central bank purchases, now estimated at 50 tonnes per month (up from 41 tonnes), will boost gold prices by 9% by year-end, alongside increased ETF inflows as interest rates decline.
Goldman noted that if monthly purchases reach 70 tonnes, gold could climb to $3,200, while steady Federal Reserve rates could see prices at $3,060. Persistent policy uncertainty, including trade tensions, may push gold to $3,300 due to prolonged speculative buying. Rising U.S. fiscal concerns could further lift prices to $3,250 by December 2025.
The bank reiterated its "Go for Gold" trading strategy, emphasizing gold as a hedge against trade tensions, Fed risks, and recession threats. Inflation fears and U.S. debt sustainability could also drive central banks, especially those holding significant U.S. Treasury reserves, to increase gold acquisitions. Goldman expects these factors to sustain strong gold demand, bolstering its bullish outlook.
@ Newshounds News™
Source: Economic Times
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NIGERIA MOVES TO TAX CRYPTO TRANSACTIONS AS PART OF ECONOMIC RECOVERY PLAN
Nigeria’s government is advancing plans to incorporate cryptocurrency transactions into its tax framework, with lawmakers reviewing legislation expected to pass in early 2025.
▪️The Nigerian SEC aims to increase licensed exchanges to enhance oversight while taking enforcement actions against unregulated platforms.
▪️Major exchanges including OKX, Binance and KuCoin have faced regulatory challenges, with some suspending services in the Nigerian market.
▪️Recent regulatory updates include a 7.5% VAT on digital assets and stricter marketing rules to protect investors from potential scams.
The Nigerian government is set to revise its cryptocurrency regulations to include digital asset transactions under its tax framework.
The decision comes as part of efforts to generate revenue and stabilize the economy following fuel subsidy removals under President Bola Tinubu’s administration, according to a Bloomberg report.
Nigerian Lawmakers Push for Crypto Taxation
To address economic challenges and ease financial strain on citizens, Nigerian lawmakers are considering imposing taxes on digital asset transactions carried out on regulated exchanges. While banks remain prohibited from facilitating crypto transactions, the government believes that taxing crypto activities could provide an essential revenue stream.
According to Bloomberg, lawmakers are currently reviewing a proposed bill that includes crypto taxation alongside other tax reforms. If approved, the law is expected to pass within the first quarter of 2025.
The latest development follows the country’s previous tax measures on digital assets. In July 2024, Nigeria imposed a 7.5% value-added tax (VAT) on digital asset transactions, prompting compliance from exchanges such as KuCoin, which adjusted its transaction fees accordingly.
SEC Seeks to Expand Licensed Crypto Exchanges
In addition to taxation, the Nigerian Securities and Exchange Commission (SEC) is working on increasing the number of licensed crypto exchanges in the country.
According to Bloomberg, the SEC aims to issue regulatory licenses to crypto firms to enhance oversight, ensure compliance, and facilitate taxable transactions. The regulatory body believes that a structured environment will boost investor confidence and create a more transparent crypto ecosystem.
The SEC granted its first official crypto exchange license to Quidax in August 2024, marking a significant step towards regulatory clarity. Shortly after, the agency began planning enforcement actions against unregulated exchanges in September.
Regulatory Crackdown on Unregistered Crypto Firms
Nigeria’s tightening crypto regulations have already impacted several major players in the industry. In May 2024, OKX suspended Naira withdrawals due to regulatory concerns, which eventually led to the company leaving the market.
Other exchanges like Binance also faced scrutiny from the Nigerian government. Authorities in the African country accused the exchange of manipulating the local currency, through its peer-to-peer (P2P) services. The company also faced other allegations such as money laundering, and facilitating tax evasion.
As a result of these allegations, Binance were forced to halt P2P services for Nigerian users. Shortly after, KuCoin also followed suit, removing the Nigerian naira from its platform.
Further escalating its crackdown, Nigeria’s Economic and Financial Crimes Commission (EFCC) demanded Binance provide user data for individuals who traded on its platform.
Additionally, in December 2024, the Nigerian SEC updated its crypto marketing regulations to curb the influence of social media promoters advertising unregulated crypto products. The move was intended to protect investors from potential scams and misinformation.
@ Newshounds News™
Source: Coinspeaker
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Economist’s “Gold News and Views” 2-18-2025
GOLD REVALUATION 2025: How Likely Is a US-Driven Monetary Reset?
Taylor Kenny: 2-18-2025
The global monetary reset isn’t coming—it’s already here. The evidence is overwhelming: skyrocketing U.S. debt, declining dollar dominance, and an unprecedented surge in central banks buying gold.
These signs point to one thing—gold is being repositioned at the center of the global financial system.
A massive financial shift is underway. Are you prepared?
GOLD REVALUATION 2025: How Likely Is a US-Driven Monetary Reset?
Taylor Kenny: 2-18-2025
The global monetary reset isn’t coming—it’s already here. The evidence is overwhelming: skyrocketing U.S. debt, declining dollar dominance, and an unprecedented surge in central banks buying gold.
These signs point to one thing—gold is being repositioned at the center of the global financial system.
A massive financial shift is underway. Are you prepared?
CHAPTERS:
0:00 Global Monetary Reset
1:52 US Debt
3:41 Gold Revaluation
6:41 Why Is This Happening?
9:21 The Next Monetary Shift
10:45 Get Prepared Now
'There's Not Much Time Left' - GOLD Driving Monetary End Game
VRIC: 2-18-2025
Lynette Zang and Rafi Farber think that misguided optimism over Trump's presidency is hiding the real truth lurking in America's monetary sewers: unbridled debt and deficits, dollar devaluation, and fiscal irresponsibility showing no end in sight.
Gold is poised to continue its upward climb in the face of these facts, and is perfectly playing its role as a unit of account and store of value, while the dollar increasingly becomes the emperor without any clothes.
00:00 Introduction
00:54 Gold's Path to $3,000 and Beyond
03:01 CPI Print - What Does it Mean?
07:03 Jerome Powell Says No to CBDC
09:56 Gold Outflows From London
15:52 Repo Rates and the Monetary Sewer
21:57 Economic Narrative VS. Reality
27:40 Fed Exiting 'Green' Initiatives
31:47 Ron Paul Auditing the Fed
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-18-25
Good Afternoon Dinar Recaps,
CREEPING DOUBTS OVER US GOLD RESERVES MAKE CASE FOR TOKENIZED COMMODITIES
America’s Fort Knox, Kentucky gold reserves haven’t been audited in more than 50 years.
The tokenization of real-world assets (RWAs) has reached a record high in 2025, driven by institutional demand for US dollar-denominated yield products.
As the technical barriers to RWAs continue to erode, commodities that require continual verification, like gold reserves, are likely to find a home on the blockchain very soon, according to Michele Crivelli, founder and chief operating officer of digital asset issuer NexBridge.
Good Afternoon Dinar Recaps,
CREEPING DOUBTS OVER US GOLD RESERVES MAKE CASE FOR TOKENIZED COMMODITIES
America’s Fort Knox, Kentucky gold reserves haven’t been audited in more than 50 years.
The tokenization of real-world assets (RWAs) has reached a record high in 2025, driven by institutional demand for US dollar-denominated yield products.
As the technical barriers to RWAs continue to erode, commodities that require continual verification, like gold reserves, are likely to find a home on the blockchain very soon, according to Michele Crivelli, founder and chief operating officer of digital asset issuer NexBridge.
In an interview with Cointelegraph, Crivelli explained why US Treasurys and other fixed-income instruments have been the biggest targets of tokenization.
“These assets offer stability, transparency and clearly defined yields,” said Crivelli. “There is strong demand for dollar-denominated instruments for various reasons, including the need to combat inflation in certain regions and preserve purchasing power in countries where you don’t have direct access to [US dollar] currency or investment.”
Tokenizing Treasury bonds is a natural first step in a market that Crivelli calls a “small, knowledgeable niche.”
However, it’s only a matter of time before more assets become tokenized.
“Beyond US Treasury bills, gold and other commodities are prime candidates for tokenization, thanks to their potential to reduce correlation with traditional markets,” said Crivelli.
“There are different tokenization models — some replicate financial instruments linked to gold, while others directly represent physical bullion,” he said.
Anxiety over US gold reserves grows
The tokenization of real-world assets like gold is taking on newfound importance as Elon Musk’s Department of Government Efficiency (DOGE) seeks to cut wasteful spending and increase the transparency of US federal agencies.
Musk has even proposed using blockchain technology to track federal spending — a motion that was supported by Coinbase CEO Brian Armstrong.
Anxiety over federal gold reserves has grown since Zerohedge reminded Musk that the country’s Fort Knox, Kentucky deposits haven’t been audited in more than 50 years.
“Surely it’s reviewed at least every year?” Musk asked.
In response, US Senator Rand Paul has called on DOGE to investigate the status of Fort Knox’s nearly 4,600 tons of gold.
Blockchain technology can render these issues obsolete, according to Crivelli. Tokenizing bullion on the blockchain can increase the security and transparency of gold reserves, which enables “continual verification of gold’s ownership,” he said.
In the meantime, betters on Polymarket say there’s a 50% chance that DOGE will audit the Fort Knox gold reserves by May of this year.
@ Newshounds News
Source: CoinTelegraph
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TETHER CO-FOUNDER IS WORKING ON YIELD-BEARING STABLECOIN RIVAL
▪Pi Protocol is set to launch in the second half of the year
▪The project will let minters of stablecoin earn yield
One of the original founders of Tether is backing a new stablecoin project — one that will compete with the world’s most traded cryptocurrency.
Reeve Collins, who along with Brock Pierce and Craig Sellars launched precursor to the original stablecoin, served as Tether’s first chief executive officer from from 2013 to 2015.
He is chairman and co-founder of Pi Protocol. The so-called decentralized project is expected to debut on both the Ethereum and Solana blockchains in the second half of this year or sooner. No financial terms were disclosed.
Pi will use so-called smart contracts, or computer programs that automatically execute transactions between parties like exchanges and market makers, to mint its USP stablecoin.
As a reward, the minters will earn another token, called USI, as yield. The stablecoin will be backed by yield-bearing real-world assets such as bonds.
After initially being used in crypto to facilitate trading and serving as a refuge from the extreme swings in the prices of most other tokens, stablecoins have been touted more recently as a method of payment.
The idea is to let industry participants marketing the stablecoin to get the lion’s share of the profits from it — something that doesn’t happen with Tether, which is supposed to be tied one-to-one to the dollar. Tether, which has grown to have over $140 billion in USDT tokens in circulation, profits from investing the reserves backing the coins. Tether said it had about $13 billion in profit last year.
“We view Pi Protocol as the evolution of stablecoins,” Collins said in an interview. “Tether has been extremely successful in showcasing demand for stablecoins. But they keep all the yield. We believe 10 years later the market is really ready to evolve.”
Collins, 49, and his partners sold Tether to the operators of the crypto exchange Bitfinex in 2015, when the USDT stablecoin’s market value was less than $1 billion. Collins has since co-founded several other companies, including NFT platform BLOCKv.
“I very much supported Tether over the years, it’s an extraordinary invention that we’ve developed,” Collins said. “Hindsight is always 20/20,” he said when asked if he regretted selling his stake in Tether.
Stablecoins have gotten a boost this year, with the election of US President Donald Trump. In his first days in office, Trump released an executive order promoting US dollar-backed stablecoin adoption, and Congress is working on a bill that offers a regulatory framework for stablecoins in the US.
Major financial companies like PayPal Holdings Inc. are already issuing stablecoins, while many others are considering issuing them.
Pi Protocol seeks to take advantage of the fast growth of not only stablecoins, but also real-world assets, a category which companies like the world’s biggest asset manager, BlackRock Inc., already play in.
The stablecoin will be over-collateralized by assets like Treasuries, money-market funds and insurance products represented on blockchain ledgers. Pi’s smart contracts will evaluate the collateral’s value and enforce an over-collateralization ratio, according to the project’s whitepaper.
“You want assets that are non-correlated to crypto that are mid- to high yield, low risk,” Pi Chief Executive Officer Bundeep Singh Rangar, who previously founded insurance platform PremFina, said. “We have a mechanism that assesses the quality of the asset. They are ones that are vetted on their loss ratio and origination of where they are coming from.”
Pi will be ruled by a governance token, USPi, whose holders will get a cut of the platform’s revenue, coming from sources like yield from minting the stablecoin on the platform. The token’s users will be able to vote on decisions such as setting risk parameters, adjusting collateral policies and distribution of protocol revenue. The project’s team and advisors got 25% of the governance token supply. A pre-sale of the governance token is currently ongoing.
@ Newshounds News™
Source: Bloomberg
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“Bits and Pieces” in Dinarland Tuesday Afternoon 2-18-2025
Ariel : A Fort Knox Audit Could Set a Precedent
2-18-2025
Everyone probably too scared not to outright file their taxes. But since DOGE came along they are testing the extension feature for the 1st time just to see if the IRS survives the audit.
So the Deep State is trying to ship gold from London to the US more than likely to Fort Knox before DOGE has a chance to audit it. I guess they do not want them to discover the reported vs actual gold reserves.
Which of course if the general public found out by discovering a shortfall in gold reserves could lead to volatility in financial markets, affecting currency values and investor confidence. This plays well into a potential crash.
Ariel : A Fort Knox Audit Could Set a Precedent
2-18-2025
Everyone probably too scared not to outright file their taxes. But since DOGE came along they are testing the extension feature for the 1st time just to see if the IRS survives the audit.
So the Deep State is trying to ship gold from London to the US more than likely to Fort Knox before DOGE has a chance to audit it. I guess they do not want them to discover the reported vs actual gold reserves.
Which of course if the general public found out by discovering a shortfall in gold reserves could lead to volatility in financial markets, affecting currency values and investor confidence. This plays well into a potential crash.
Because revelations from an audit could prompt scrutiny of past and present monetary policies, especially those related to the gold standard and fiat currency. And D. Trump always said the artificial value if the USD was to high. So how do you bring it down?
Well it looks like Elon Musk is getting around to that. A Fort Knox audit could set a precedent, leading to calls for audits of other government assets and operations, potentially exposing mismanagement or malfeasance. Which sets the ground for Crypto.
Why? If gold reserves are found lacking, it will bolster the credibility and adoption of alternative assets like cryptocurrencies, which offer transparency through blockchain technology that everything will be scrutinized with.
A significant discrepancy in gold reserves could alter international perceptions of the U.S. economy, affecting geopolitical alliances and economic negotiations. Which will bring more attention to the fair trade policy D. Trump has been pushing.
There will be legal and political consequences from an audit leading to investigations, legal actions, and political upheaval, challenging the positions of those implicated in any potential cover-up. Which will be many.
Courtesy of Dinar Guru: https://www.dinarguru.com/
Babysmom NORMAL SCHEDULE FOR THE GAZETTE IS SATURDAYS AND WEDNESDAYS, IT WAS PUBLISHED IN A SPECIAL EDITION... THEY PUBLISHED AMENDMENTS THAT WERE APPROVED...IT MEANS THAT THEY AGREED UPON RATES FOR KURDISTAN AND OIL. NOW WE ARE JUST LOOKING FOR A RATE CHANGE.
Guru Militia Man The president of the republic [of Iraq] has signed the amendment to the budget law...It's waiting for the exposure of the exchange rate that's going to be in the Gazette. Does Alaq have a conversation with everybody before that or it it all around the same time? It's to be determined. Obviously they haven't moved oil at 1310. They haven't paid all the salaries at 1310. They haven't exposed the budget. Obviously they're doing something trying to keep it contained till down to the wire.
************
Fort Knox, Where Is The Gold? "This is ENORMOUS" - Mike Maloney
2-18-2025
Is there a secret gold-buying spree unfolding right under our noses? In this eye-opening video, Mike Maloney examines record-breaking gold inflows and the swirl of theories around Fort Knox, the Treasury, and the Federal Reserve.
Could the U.S. government be quietly accumulating gold to cover up potential shortfalls—or even to prepare for a seismic revaluation that could shake the global monetary system?
Dive into the controversial history of Fort Knox audits (or lack thereof), find out why silver demand is also skyrocketing, and see how market manipulation might be holding precious metals down.
This is one discussion you can’t afford to miss if you’re watching the future of money.
Highlights in This Video:
Shocking weekly inflows of gold (in both ounces and dollar value)
Speculation around Treasury or Federal Reserve gold-buying
Why Fort Knox audits are stirring so much controversy
The difference between book value ($42 per ounce) and real market value
The ripple effect on silver demand—and how it might affect prices
Join us to get the full breakdown and see what might be lurking behind the curtain of America’s gold reserves.
Seeds of Wisdom RV and Economic Updates Monday Evening 2-17-25
Good Evening Dinar Recaps,
ELON MUSK’S D.O.G.E. SET TO INVESTIGATE FORT KNOX’S $425B GOLD RESERVE
A groundbreaking D.O.G.E. investigation has catalyzed some more intense debate across multiple financial sectors after Elon Musk brought to the surface questions about the Fort Knox’s $425 billion gold stockpile verification process.
The Department of Government Efficiency (D.O.G.E.) has engineered a comprehensive review to verify whether Fort Knox actually maintains its reported 4,580 tons of gold, revolutionizing traditional Treasury oversight.
Good Evening Dinar Recaps,
ELON MUSK’S D.O.G.E. SET TO INVESTIGATE FORT KNOX’S $425B GOLD RESERVE
A groundbreaking D.O.G.E. investigation has catalyzed some more intense debate across multiple financial sectors after Elon Musk brought to the surface questions about the Fort Knox’s $425 billion gold stockpile verification process.
The Department of Government Efficiency (D.O.G.E.) has engineered a comprehensive review to verify whether Fort Knox actually maintains its reported 4,580 tons of gold, revolutionizing traditional Treasury oversight.
How Elon Musk’s D.O.G.E. Investigation Could Impact Fort Knox’s Gold Reserves
Political Response and Bitcoin Alternative
The D.O.G.E. investigation has leveraged significant political momentum, with several key lawmakers spearheading support initiatives.
Senator Rand Paul said:
“Nope. Let’s do it”
Senator Cynthia Lummis had this to say:
“Bitcoin fixes this. A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”
This pivotal D.O.G.E investigation comes after Senator Lummis created the groundbreaking Bitcoin Act, which aims at creating a strategic reserve formed out of 1 million Bitcoins, which would be optimizing a whopping amount of 5% of the total BTC supply.
The initiative deploys secure Bitcoin vaults operated through some sophisticated Treasury protocols. This would be leveraging the existing Federal Reserve and Treasury resources.
How States Use & Their Own Gold
Several major states have spearheaded their own cryptocurrency initiatives while Fort Knox discussions continue at the federal level.
Pennsylvania, Texas, Wyoming, Arizona, and Wisconsin have engineered innovative state-based Bitcoin reserve strategies, catalyzing significant momentum for cryptocurrency adoption across various government sectors.
The Treasury has leveraged its existing 200,000 BTC holdings, primarily acquired through strategic asset seizures coordinated by US Marshals. Under the groundbreaking BITCOIN Act, these digital assets would be integrated into Treasury operations, pioneering a new era of national cryptocurrency reserves.
The Current Position of the Treasury
A pivotal inspection of Fort Knox was conducted in 2017 during Treasury Secretary Steve Mnuchin’s visit. The facility had remained sealed since 1974, when select journalists and lawmakers gained unprecedented access following widespread concerns about missing gold.
The vault’s sophisticated security architecture requires multiple authorized personnel for access, presenting ongoing challenges for comprehensive verification.
Also talking about gold reserves, Senator Lummis said:
“A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
HESTER PEIRCE ON CRYPTO INDUSTRY'S 5 BIGGEST CONCERNS
The SEC's lead Crypto Task Force regulator talks early action.
President Trump made big crypto promises on the campaign trail. With Gary Gensler gone and the SEC now under new management, his administration stands ready to deliver on the agenda with digital asset regulatory clarity.
Hester Peirce – an outspoken advocate for digital asset liberties and regulatory restraint – joined David Hoffman to discuss the implications of changing agency leadership on crypto’s future.
Day one of the Trump Administration saw Commissioner Peirce appointed as head of the SEC’s freshly formed Crypto Task Force, and its first move was rescinding SAB 121, a controversial accounting policy that restricted financial institutions from offering crypto custody services.
Although Gary Gensler’s relentless trickle of crypto lawsuits traumatized industry participants and discouraged engagement with American regulators, Commissioner Peirce hopes to build healthy relationships with crypto projects and encourage experimentation through practical solutions that uphold regulation.
We didn’t get all the answers, but it was certainly refreshing to hear a lead crypto regulator finally engaging with the industry! Here’s how Hester responded to the crypto industry’s top 5 pressing concerns.
1 Regulatory Clarity for Tokens
One of the biggest shifts is the potential retroactive regulatory relief for token issuers. Peirce outlined a roadmap whereby projects that issued tokens in the past can gain legal clarity by providing disclosures and agreeing to certain conditions.
For years, the SEC's aggressive stance against tokens has discouraged transparency, leaving many projects afraid that disclosures could be used against them in future enforcement actions. Commissioner Peirce hopes to flip that dynamic by encouraging voluntary disclosures.
2 No-Action Letters
Peirce discussed the no-action letter process, which allows companies to request an official statement from the SEC confirming that a specific activity will not result in an enforcement action.
The SEC continues to solicit input from the crypto industry on how these processes should work, as it did under Gensler, and interested parties can reach out directly to provide feedback via the email: crypto@sec.gov.
3 Securities Laws and Crypto
Historically, being labeled a security has been a death sentence for crypto tokens in the U.S. due to the regulatory burdens it imposes. But does it have to be that way?
Peirce acknowledged that while some crypto assets will clearly fit within securities laws, the industry needs new frameworks to accommodate decentralized networks.
She also touched on meme coins, stating that just because something is popular doesn’t necessarily make it a security, but warned individuals against assuming that the SEC (or any regulator) will act as a safety net for those making speculative bets.
4 Airdrops and Retail Access to Crypto
Crypto projects often exclude U.S. citizens from their airdrops over fears they could become embroiled in legal troubles with securities regulators.
While Commissioner Peirce didn’t provide a definitive answer on airdrops, she signaled that the SEC is working on clearer guidance and encouraged projects to submit scenarios to the Crypto Task Force so they can better understand what the industry needs.
Additionally, Peirce indicated openness towards modernizing American financial regulations and expanding private market access through novel investor accreditation standards.
5 The SEC’s Relationship with the CFTC
Under previous leadership, the SEC and CFTC had an almost territorial fight over which agency would regulate crypto. Peirce expressed optimism that this will change, emphasizing that collaboration between regulators is now a priority.
Rather than seeking jurisdictional dominance, Commissioner Peirce hopes regulators will work together to create frameworks that actually make sense for crypto markets.
@ Newshounds News™
Source: Bankless
Link to the Podcast: Bankless
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Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-17-25
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SILVER PRICES SURGE TO HIGHEST LEVELS SINCE OCTOBER, EYEING $35 MARK
Silver prices surged to $33 per ounce on Friday, hitting their highest since late October at $33.41, fueled by factors driving gold to record highs. Analysts suggest silver may challenge its 10-year peak of $34.87, though some remain cautious due to the metal’s volatility and its lag behind gold in 2024.
Silver has gained 14% in 2025 after rising 21% in 2024, supported by rising U.S. Comex futures prices amid concerns over a potential U.S. trade war due to proposed import tariffs.
Good afternoon Dinar Recaps,
SILVER PRICES SURGE TO HIGHEST LEVELS SINCE OCTOBER, EYEING $35 MARK
Silver prices surged to $33 per ounce on Friday, hitting their highest since late October at $33.41, fueled by factors driving gold to record highs. Analysts suggest silver may challenge its 10-year peak of $34.87, though some remain cautious due to the metal’s volatility and its lag behind gold in 2024.
Silver has gained 14% in 2025 after rising 21% in 2024, supported by rising U.S. Comex futures prices amid concerns over a potential U.S. trade war due to proposed import tariffs.
The March silver contract increased 3.3% to $33.79. The premium between CME futures and London spot prices has caused market volatility, drawing significant inflows into COMEX-approved warehouses. CME silver stocks surged 22% to 375.8 million ounces since November 24, when President Trump announced tariffs on Mexico and Canada, later delayed until March.
Copper prices also hit a three-month high, supporting silver. Meanwhile, London Bullion Market Association data revealed an 8.6% drop in silver inventories to 23,528 tons in January, the largest monthly decline since 2016.
Despite bullish trends, analysts caution against silver's volatility, noting its price movements often exceed gold’s by 2-2.5 times. Technical concerns arise as silver traded between $22-35 in 2024 compared to $19-27 in 2023.
Industrial demand, comprising half of silver’s usage, could face challenges if a trade war hampers global growth. Additionally, fewer U.S. Federal Reserve rate cuts and slowing Chinese growth may pressure silver prices further.
The silver market's volatility and external economic factors will likely continue to influence its trajectory, with investors closely watching its attempt to reach the $35 threshold.
@ Newshounds News™
Source: Economic Times
~~~~~~~~~
BREAKING: ELON MUSK’S DOGE LAUNCHES SEC PROBE AS RIPPLE LAWSUIT NEARS END
In a latest development, Elon Musk’s DOGE has announced audit into the SEC for fraud, abuse and waste. The cryptocurrency community is closely watching this development, particularly as the SEC’s lawsuit against Ripple is nearing its conclusion.
The DOGE_SEC account has urged the public to share information about the SEC’s actions. “DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud, and abuse,” the account posted.
This move has sparked heated debates among legal and financial experts. In reaction to this, Coinbase’s Chief Legal Officer, Paul Grewal, suggested a rule requiring the SEC to pay legal fees for defendants who successfully fight its lawsuits. Other voices from the crypto community have also raised concerns about the SEC’s actions, especially over its ongoing litigation with Ripple.
Besides, Ripple’s CLO, Stuart Alderoty, responded to SEC’s ongoing scrutiny, saying, “I have the receipts,” suggesting that crucial documents tied to the case could soon be made public. However, it remains to be seen if this could bring a swift end to the Ripple vs. SEC case.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
TETHER SEEKS INVOLVEMENT IN U.S. STABLECOIN REGULATIONS
Tether has been in talks with U.S. lawmakers behind the STABLE Act. The firm aims to get more involved in shaping U.S. stablecoin legislations.
According to FOX Business reporter Eleanor Terrett, Tether has been in discussions with Rep. Bryan Steil and Republican Chair of the House Financial Services Committee, French Hill, regarding stablecoin regulations in the U.S.
Steil and Hill confirmed to Terret that the world’s largest stablecoin issuer has been engaging actively on the discussion draft for the new bill, Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act.
The bill is set to require stablecoin issuers to gain permission from the Office of the Comptroller of the Currency and back their crypto to traditional fiat currency, short-term U.S. Treasury bills, or central bank reserves.
CEO Paolo Ardoino said that the firm plans to comply with the U.S. regulations for stablecoin, however it may turn out.
“We are not going to just throw in the towel and let Tether die just for the sake of not adapting to U.S. legislation,” said Ardoino.
This means that if the STABLE Act comes to pass, Tether will need to commit to maintaining one-to-one asset backing for its tokenized fiat and conduct monthly reserve audits through a U.S.-based accounting firm.
According to Terret, Tether has been criticized for its lack of transparency, namely due to accusations that the firm has never received a full audit. Instead, the stablecoin firm provides quarterly reports from its financial books published by global accounting firm BDO.
Furthermore, JP Morgan analysts predict that Tether will have to sell some of its Bitcoin holdings to comply to the new requirements, citing that the stablecoin firm only has 66% to 83% of the required amount to back its crypto supply.
Ardoino stated that his team aims to get involved in shaping all regulatory frameworks for stablecoins in the U.S. to ensure that they have a say in the legislative process.
“We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard,” said Ardoino.
In the past week, there have been three stablecoin bills introduced in the House and the Senate.
Aside from the STABLE Act, there was also the GENIUS Act, a bipartisan bill introduced by the Senate team that includes an author of the Bitcoin reserve proposal, sen. Cynthia Lummis. The bill regulates stablecoins with a market cap over $10 billion.
Additionally, Democratic Rep. Maxine Waters on the House Financial Services Committee, introduced a proposal for stabelcoin oversight involving the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve.
On Feb. 13, Federal Reserve Governor Christopher Waller said that stablecoins have the potential to strengthen the U.S. dollar’s domination on a global scale.
However, he believes that the stablecoin market still requires a regulatory framework that directly addresses stablecoin risks and enables banks and non-banks to issue stablecoins.
Last year, Fed Chairman Jerome Powell also claimed to fully support the creation of a stablecoin framework in a meeting with the House Financial Services Committee.
@ Newshounds News™
Source: Crypto News
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Monday Morning 2-17-25
Seeds of Wisdom RV and Economic Updates Monday Morning 2-17-25
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BREAKING: SENATOR LUMMIS SAYS ‘A BITCOIN RESERVE COULD BE AUDITED ANYTIME 24/7 WITH BASIC COMPUTER’
▪️Senator Cynthia Lummis pushes for Bitcoin reserves in the U.S. to boost transparency and stability in financial policy.
▪️Lummis leads Bitcoin integration efforts, with states like Texas eyeing strategic Bitcoin reserves. Could this reshape U.S. economic policy?
Seeds of Wisdom RV and Economic Updates Monday Morning 2-17-25
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BREAKING: SENATOR LUMMIS SAYS ‘A BITCOIN RESERVE COULD BE AUDITED ANYTIME 24/7 WITH BASIC COMPUTER’
▪️Senator Cynthia Lummis pushes for Bitcoin reserves in the U.S. to boost transparency and stability in financial policy.
▪️Lummis leads Bitcoin integration efforts, with states like Texas eyeing strategic Bitcoin reserves. Could this reshape U.S. economic policy?
Senator Cynthia Lummis an advocate for Bitcoin and financial innovation, has called for the United States to update its national reserves to include Bitcoin.
Lummis, who represents Wyoming in the U.S. Senate, believes that a Bitcoin reserve could be audited 24/7 with just a basic computer, offering transparency and stability for the U.S. financial system.
According to Bitcoin Magazine, she said, “A bitcoin reserve could be audited any time 24/7 with a basic computer. It’s time to upgrade our reserves.”
As the new chair of the Senate Banking Subcommittee on Digital Assets, Senator Lummis is pushing for legislative changes to integrate Bitcoin into U.S. economic policy. She has consistently advocated for regulatory clarity and Bitcoin-friendly policies.
In a recent discussion, Lummis also opened up about the growing interest in Bitcoin reserves, not just within the U.S., but also from other countries like the United Arab Emirates.
Lummis shared that states like Pennsylvania, Texas, and Wisconsin are already considering creating their own strategic Bitcoin reserves, signaling a trend that could eventually influence federal policy. She said that states often act as incubators for innovation, and that a state-level Bitcoin reserve could serve as a model for broader adoption.
Lummis Leads Charge for Bitcoin Integration
As part of her advocacy, Lummis will be discussing the role of Bitcoin in U.S. reserves and its potential to stabilize the nation’s finances at Bitcoin 2025, a key event for the cryptocurrency community. She encouraged Bitcoin supporters to engage with lawmakers and work towards making a state the first to adopt a strategic Bitcoin reserve.
Senator Lummis remains optimistic about Bitcoin’s future, seeing it as an asset that could help reduce the U.S. national debt and provide a hedge against inflation. She envisions Bitcoin playing a crucial role in protecting the U.S. dollar’s position as the world’s reserve currency.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
TRUMP ADMIN ADVISER MEETING WITH FEDERAL RESERVE CHAIRMAN ‘REGULARLY’
Investors are patiently waiting for interest rate cuts to fuel risk-on-asset markets amid high inflation and macroeconomic uncertainty.
Kevin Hassett, the director of the National Economic Council — a White House advisory board to President Trump — disclosed that he is now having “regular” meetings with Federal Reserve chairman Jerome Powell.
During a recent appearance on CBS’ Face The Nation, the host asked Hassett if his meetings with the Federal Reserve chairman were to influence interest rates. The White House adviser responded:
“Jerome Powell is an independent person. The Federal Reserve’s independence is respected. The point is the president’s opinion can also be heard — he is the president of the United States.”
The adviser added that long-term rates have already come down since the Trump administration took office, citing a 40 basis point reduction in 10-year Treasury rates as evidence that the market believes inflation is coming down.
Lower interest rates are a bullish catalyst for cryptocurrencies and other risk-on asset classes, as access to cheap credit encourages market participants to borrow capital to purchase investments and businesses.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-16-25
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SEPARATION OF POWERS IS ON TRIAL IN THE US
WASHINGTON, Feb 14 - Donald Trump has put the constitutional separation of powers in the United States on trial. Federal judges have for now blocked many of his administration’s early moves, from ending birthright citizenship to removing health and science websites, setting up a larger battle at the Supreme Court.
Threats from the president and his allies to ignore adverse judicial rulings risk a historic rupture in American governance and law.
Good Afternoon Dinar Recaps,
SEPARATION OF POWERS IS ON TRIAL IN THE US
WASHINGTON, Feb 14 - Donald Trump has put the constitutional separation of powers in the United States on trial. Federal judges have for now blocked many of his administration’s early moves, from ending birthright citizenship to removing health and science websites, setting up a larger battle at the Supreme Court.
Threats from the president and his allies to ignore adverse judicial rulings risk a historic rupture in American governance and law.
Since taking office last month, the White House has attempted to freeze $3 trillion in government loans and grants, shut down entire agencies like the Consumer Financial Protection Bureau, and fired Senate-confirmed officials whose terms have not expired, without cause.
Previous Republican administrations, including Trump’s first, wanted to achieve similar goals. But they did not attempt the president’s current strategy because it flatly contradicts the U.S. Constitution and the text of existing statute.
Congress controls federal appropriations, and the 1974 Impoundment Control Act strictly delineates the executive’s role in disbursing those funds. Officials have virtually no discretion to block payments.
The Supreme Court may yet give the commander-in-chief his way. The court’s nine justices, three of whom were appointed by Trump, have already expanded executive powers. They could choose to further tilt the balance in favor of the president, effectively weakening Congress.
Some conservatives on the court favor overturning a 1935 ruling, opens new tab that limits the president’s ability to fire a Senate-confirmed official. Trump is challenging that by removing minority-party commissioners on the National Labor Relations Board, among others. A ruling in his favor might make it easier to target bigger fish, like the Federal Reserve chair.
A more immediate danger is that the Trump administration undermines legal judgments. When federal courts blocked the funding freeze and restricted access to sensitive payment systems for lieutenants of Elon Musk, the Tesla boss called the judge “corrupt” and the White House said judges were “abusing their authority.”
The American Bar Association, opens new tab on Monday condemned the “wide-scale affronts to the rule of law itself”. At other times, Trump has said he will comply with court orders.
The true crisis would be if Trump decides to ignore court rulings and congressional mandates.
That’s no far-fetched scenario: administration officials have sought to find ways around an edict to unblock all frozen grants, opens new tab to government contractors and non-profit organizations, ProPublica reported.
Meanwhile, Trump this week instructed the Department of Justice to stop enforcing the Foreign Corrupt Practices Act, which punishes Americans who bribe officials overseas.
Laws are meaningless, and ultimately unenforceable, if those in power choose to ignore them. An unaccountable executive branch combined with neutered judicial and legislative branches would hobble companies, organizations, nations, and individuals who depend on the promises of the federal government, as well as the open markets and society that are the bedrock of U.S. stability and prosperity.
@ Newshounds News™
Source: Reuters
~~~~~~~~~
PICMUSK WANTS RON PAUL TO AUDIT THE FED - Video- 9 min
@ Newshounds News™
Source: The Hill
~~~~~~~~~
JUST IN: 🇺🇸 Senator Rand Paul calls on Elon Musk's DOGE to audit US gold reserves at Fort Knox to ensure it's still there.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
The following message in our Telegram Living Room on Valentine's Day:
"Hello happy valentine 💘 I will have great news Tuesday (February 18th) and will post in my room , things are developing and will have a confirmation by then, blessings ."
Join Isaac's Telegram room - Link
Isaac on our Website Link
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GOLD-BACK RESET Accelerates Under Basel III Endgame
GOLD-BACK RESET Accelerates Under Basel III Endgame
Taylor Kenny: 2-16-2025
Basel III’s Endgame is here, but is it really about stabilizing banks, or is there a bigger agenda at play?
With gold creeping back to the center of the monetary system, the future of money could be on the verge of a historic transformation.
What is Basel III, and how could it reshape the global financial landscape?
Dive in to uncover the hidden implications for gold and the impact on the balance of power in the financial world.
GOLD-BACK RESET Accelerates Under Basel III Endgame
Taylor Kenny: 2-16-2025
Basel III’s Endgame is here, but is it really about stabilizing banks, or is there a bigger agenda at play?
With gold creeping back to the center of the monetary system, the future of money could be on the verge of a historic transformation.
What is Basel III, and how could it reshape the global financial landscape?
Dive in to uncover the hidden implications for gold and the impact on the balance of power in the financial world.
CHAPTERS:
0:00 Bank for International Settlements
1:28 Great Financial Crisis
3:10 Basel III & Physical Gold
5:13 Gold Demand
7:30 Dollar Failing
8:30 U.S. Balance Sheet
9:28 Prepare Today
Seeds of Wisdom RV and Economic Updates Sunday Morning 2-16-25
Good Morning Dinar Recaps,
IRS WILL LAY OFF THOUSANDS OF PROBATIONARY WORKERS IN THE MIDDLE OF TAX SEASON
WASHINGTON (AP) — The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency’s plans, and cuts could happen as soon as next week.
This comes as the Trump administration intensified sweeping efforts to shrink the size of the federal workforce, by ordering agencies to lay off nearly all probationary employees who had not yet gained civil service protection
Good Morning Dinar Recaps,
IRS WILL LAY OFF THOUSANDS OF PROBATIONARY WORKERS IN THE MIDDLE OF TAX SEASON
WASHINGTON (AP) — The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency’s plans, and cuts could happen as soon as next week.
This comes as the Trump administration intensified sweeping efforts to shrink the size of the federal workforce, by ordering agencies to lay off nearly all probationary employees who had not yet gained civil service protection.
It’s unclear how many IRS workers will be affected.
Previously, the administration announced a plan to offer buyouts to almost all federal employees through a “deferred resignation program” to quickly reduce the government workforce. The program deadline was Feb. 6, and administration officials said employees who accept will be able to stop working while still collecting a paycheck until Sept. 30.
However, IRS employees involved in the 2025 tax season were told they will not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline, according to a letter sent recently to IRS employees.
It is unclear how many workers will be impacted by the layoff announcement plan. Representatives from the U.S. Treasury and IRS did not respond to Associated Press requests for comment.
Jan. 27 was the official start date of the 2025 tax season, and the IRS expects more than 140 million tax returns to be filed by the April 15 deadline.
The Biden administration invested heavily in the IRS through an $80 billion infusion of funds in Democrats’ Inflation Reduction Act, which included plans to hire tens of thousands of new employees to help with customer service and enforcement as well as new technology to update the tax collection agency.
Republicans have been successful at clawing back that money, and billionaire Elon Musk and his Department of Government Efficiency have called for the U.S. to “delete entire agencies” from the federal government as part of his to radically cut spending and restructure its priorities.
Elected officials are trying to fight against DOGE plans. Attorneys general from 14 states challenged the authority to access sensitive government data and exercise “virtually unchecked power” in a lawsuit filed Thursday.
The lawsuit, filed in federal court in Washington, says the actions taken by Musk at the helm of DOGE can only be taken by a nominated and Senate-confirmed official. It cites constitutional provisions that delineate the powers of Congress and the president.
@ Newshounds News™
Source: AP News
~~~~~~~~~
XRP NEWS: MAJOR RIPPLE DEVELOPMENTS AND GLOBAL PARTNERSHIPS UNVEILED
▪️XRP surges as SEC acknowledges ETF filings, fueling speculation of a Ripple lawsuit resolution and massive market breakout!
▪️Ripple expands globally with major partnerships, rebrands focus on Web3, and boosts XRP adoption—biggest breakout ahead?
Under new SEC leadership, excitement is building around XRP as crypto exchange Bitrue hints at major developments. In a recent post on X, Bitrue urged the community to pay close attention, suggesting that something big is brewing.
The message quickly gained traction, sparking speculation about what’s driving the surge in XRP’s price and market activity. Investors are now eagerly watching for the next big move, as XRP continues to capture attention with a string of major events.
XRP ETF Frenzy Takes Over
One of the biggest drivers behind the excitement is the SEC’s unexpected attention to XRP ETF filings. On Thursday, the SEC officially recognized Grayscale’s XRP ETF application, triggering a strong 12% price rally, making XRP the best performer among the top ten cryptos.
The momentum didn’t stop there. The very next day, the SEC acknowledged another XRP ETF filing—this time from 21Shares—pushing XRP’s weekly gains to an impressive 17%.
The market response has been electric, with traders now eyeing the possibility of XRP reclaiming its all-time high of $3. The shift in the SEC’s stance is surprising, given its history of rejecting altcoin ETFs.
Is the Ripple Lawsuit Nearing Its End?
The ETF news has fueled speculation that the SEC might soon settle its long-running lawsuit against Ripple. Many believe that the shift in regulatory behavior—especially under acting chairman Mark Uyeda—could pave the way for a resolution.
Ripple’s New Look and a Change in Strategy?
In the meanwhile, Ripple has also done some major transformation, rebranding its website to focus on its vision of the “Internet of Value.” The refreshed site highlights its work in cross-border payments, digital asset custody, and stablecoins like Ripple USD (RLUSD). However, one notable change stands out—Ripple has removed all references to Central Bank Digital Currencies (CBDCs).
This move is giving positive vibes to the market with changing U.S. regulations on cards. Alongside the rebrand, Ripple has also emphasized its $600 million investment in Web3 and its more than 70 direct investments, shows its commitment to driving the next phase of crypto adoption.
XRP Expands Through Major Partnerships
Ripple is continuing its push for global adoption, forming new partnerships that strengthen XRP’s position in the market. One of the biggest recent moves was its collaboration with Portugal’s largest currency exchange, signaling its expanding footprint in Europe.
In Japan, SBI Remit has also expanded its international money transfer services in partnership with SBI Shinsei Bank. The key takeaway here is that SBI Remit is already using XRP for cross-border transactions, highlighting its growing role in the global remittance space.
Institutional interest in XRP is growing, with Japanese energy company Remixpoint making a major move. The company recently purchased $3.9 million worth of XRP and Dogecoin as part of its expanding crypto reserves.
While one user said this is just half the things on the horizon.
With new changes on the cards, XRP could be on track for one of its biggest breakouts yet. The big question now is whether it can ride this wave back to its all-time high and beyond.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
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Source: FRB Services
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