Seeds of Wisdom RV and Economic Updates Thursday Evening 3-13-25

Good Evening Dinar Recaps,

BREAKING XRP NEWS: SEC REVEALS SWIFT REPLACEMENT WITH XRP!

Big news is shaking up the financial world! The Securities and Exchange Commission (SEC) just dropped a bombshell by publishing a document that suggests the potential replacement of the SWIFT system with XRP. This could be a game-changer for international money transfers and the entire banking system. Let’s dive into what this means and why it matters.

Understanding the SWIFT System

First off, let’s discuss what SWIFT is. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of international banking for decades.

It allows banks and financial institutions to send and receive information about financial transactions in a secure and standardized way. However, with the rise of blockchain technology and cryptocurrencies, there have been increasing calls for a more efficient system.

What is XRP?

XRP is a digital currency created by Ripple Labs, designed specifically for fast and low-cost international transactions. Unlike Bitcoin, which can take several minutes to confirm a transaction, XRP transactions are settled in just a few seconds. This speed and efficiency make it a strong contender for replacing traditional systems like SWIFT.

Why the SEC’s Document is Significant

The SEC’s recent publication is significant for multiple reasons. First, it indicates a shift in perception within regulatory bodies about the use of cryptocurrencies in mainstream finance. By mentioning XRP as a potential replacement for SWIFT, the SEC is acknowledging the growing influence of digital currencies and their capacity to transform the financial landscape.

Potential Benefits of Replacing SWIFT with XRP

Imagine conducting cross-border transactions without the delays and high fees associated with traditional banking systems. Replacing SWIFT with XRP could lead to:

Faster Transactions: As mentioned earlier, XRP processes transactions in seconds, which is a massive improvement over SWIFT’s typical processing times.
Lower Costs: Transaction fees for using XRP are significantly lower than those associated with SWIFT, which could save banks and consumers money.

Increased Accessibility: With XRP, individuals and businesses without access to traditional banking systems may find it easier to engage in international trade.

Challenges Ahead

While the prospects of replacing SWIFT with XRP are exciting, there are challenges to consider. Regulatory hurdles remain a significant concern. The SEC and other regulatory bodies will need to establish clear guidelines for how cryptocurrencies can be used in traditional finance.

Additionally, banks and financial institutions would need to invest in new technology to support XRP transactions, which could be a barrier to adoption.

The Future of International Transactions
As we look to the future, the idea of integrating XRP into the global financial system is becoming more viable. The SEC’s document is a pivotal step toward legitimizing the use of cryptocurrencies in mainstream finance. If XRP can effectively replace SWIFT, it could lead to a more efficient, transparent, and equitable global financial system.

Community Reactions

The community’s reaction to this news has been overwhelmingly positive. Many XRP enthusiasts are expressing their excitement on social media platforms, envisioning a future where XRP is widely accepted for international transactions. As JackTheRippler tweeted, the implications of this announcement could be massive for holders of XRP and for the crypto market as a whole.

Conclusion: What’s Next?

So, what’s next? The world will be closely watching how the SEC navigates this groundbreaking moment in financial history. Will other countries follow suit? What will be the response from traditional banks? The possibilities are endless, and it’s clear that the landscape of international finance is evolving rapidly.

In the meantime, it’s essential for investors and consumers to stay informed. The potential shift from SWIFT to XRP could redefine not just how we think about money, but also how we interact with the global economy. As always, do your research and stay updated on the developments surrounding XRP and the SEC’s ongoing activities.

@ Newshounds News™
Source: TrendsNewsLine

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US LAW ENFORCEMENT CONFISCATES 749 BITCOIN TIED TO DECADE-OLD SILK ROAD CRIMES

U.S. authorities seized approximately 749 Bitcoin, valued at $62.5 million, tied to a Silk Road drug trafficking and money laundering operations, according to a March 12, 2025, Forbes report.

Silk Road Legacy Continues: $62.5M Bitcoin Seized in Latest Crackdown

The seizure, ordered by the U.S. Attorney for the Western District of Texas, targeted assets connected to two unnamed individuals: a former Silk Road drug vendor and an accomplice who laundered proceeds through cryptocurrency exchanges. Alongside bitcoin, Forbes reported that authorities confiscated hundreds of thousands in foreign currencies, gold coins, and bars.

The illicit funds were traced to transactions on Silk Road, a dark web marketplace shuttered in 2013 after its founder was arrested.

Despite its closure, law enforcement has continued recovering digital assets tied to the platform. The recent operation marks the latest in a series of seizures, including a record multi-billion-dollar bitcoin confiscation in 2021.

Investigators uncovered the operation after the suspects moved bitcoin from Silk Road through multiple accounts and converted it to cash via the now defunct peer-to-peer platform Localbitcoins.

Suspicious deposits flagged by Gemini, a U.S.-based cryptocurrency exchange, alerted authorities, enabling the seizure through a civil forfeiture action.

The case shows law enforcement’s advancing ability to trace cryptocurrency transactions, even years after crimes occur. The report stressed that blockchain analysis, combined with cooperation from exchanges implementing anti-money laundering protocols, played a critical role. Gemini’s involvement highlights exchanges’ evolving role in combating financial crimes.

Silk Road, once a hub for anonymous drug sales using bitcoin, generated an estimated 9.5 million bitcoin in sales before its shutdown.

While its founder Ross Ulbricht has been fully pardoned, the Forbes report said that authorities remain committed to pursuing residual assets.

This seizure aligns with broader efforts to deter dark web activity by demonstrating that crypto gains are not beyond reach.

The $62.5 million recovery adds to over $4 billion in Silk Road-linked assets seized since 2013. Proceeds from such actions often fund victim compensation or law enforcement initiatives. Experts note the operation reinforces the dual realities of cryptocurrency: its potential for anonymity and its vulnerability to forensic scrutiny.

No criminal charges have been filed against the individuals involved, suggesting the investigation remains active. The U.S. Department of Justice has yet to comment on potential further actions.

@ Newshounds News™
Source:  Bitcoin News

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The #1 Asset for Market Crashes—Do You Own It?

The #1 Asset for Market Crashes—Do You Own It?

Gold has long been considered one of the best hedges against economic downturns due to its unique properties and historical performance.

Here’s a detailed explanation, backed by numbers and facts, of why gold is a reliable safe-haven asset:

Gold’s Performance During Economic Crises

2008 Financial Crisis: During the global financial crisis, gold prices surged as investors sought safety. From November 2007 to March 2009, the S&P 500 fell by approximately 56%, while gold prices rose by about 25%.

COVID-19 Pandemic (2020): In the early stages of the pandemic, global markets experienced a sharp sell-off. Gold initially dropped due to a liquidity crunch but quickly rebounded. From March 2020 to August 2020, gold prices rose by over 35%, reaching an all-time high of $2,075 /oz in August 2020.

1970s Stagflation: During the stagflation period of the 1970s (high inflation and stagnant economic growth), gold prices skyrocketed. From 1971 to 1980, gold prices increased by over 2,300%, from $35/oz to apeakof850 /oz.

Gold as a Hedge Against Inflation

Gold is often seen as a store of value during periods of high inflation. Unlike fiat currencies, which can lose value due to excessive money printing, gold maintains its purchasing power over time.

Example: During the high inflation years of the 1970s, the U.S. dollar lost significant value, but gold prices surged. From 1971 to 1980, the U.S. inflation rate averaged 7.1% annually, while gold prices increased by an average of 30% per year.

2021-2023 Inflation Surge: In 2021-2022, global inflation spiked due to supply chain disruptions and post-pandemic recovery. Gold prices remained resilient, averaging $1,800−$2,000/oz, as investors turned to gold to protect against eroding purchasing power.

Gold’s Low Correlation with Other Assets

Gold has a low or negative correlation with stocks and bonds, making it an effective diversifier in a portfolio. During economic downturns, when equities and other risk assets typically decline, gold often performs well.

Correlation Data:

Gold vs. S&P 500: Historically, the correlation between gold and the S&P 500 has been close to zero or slightly negative.

Gold vs. U.S. Treasuries: Gold’s correlation with bonds is also low, making it a complementary asset in a diversified portfolio.

Gold’s Role in Currency Devaluation

Gold is priced in U.S. dollars, so when the dollar weakens, gold prices tend to rise. This makes gold a hedge against currency devaluation.

Example: From 2001 to 2011, the U.S. dollar index (DXY) fell by approximately 33%, while gold prices rose by over 600%, from around $250/oz to a peak of $1,920/oz in 2011.

Central Bank Demand for Gold

Central banks around the world hold gold as part of their reserves to diversify away from fiat currencies and reduce reliance on the U.S. dollar. This institutional demand supports gold prices during economic uncertainty.

Fact: In 2022, central banks purchased 1,136 tons of gold, the highest level of annual demand since 1950. This trend continued into 2023, with central banks adding 228 tons of gold in Q1 alone.

Gold’s Long-Term Performance

Over the long term, gold has consistently preserved wealth and outperformed many other asset classes during periods of economic instability.

Fact: From 1971 (when the gold standard was abandoned) to 2023, gold prices have increased from $35/oz to over $1,900 /oz, representing an annualized return of approximately 7.8%.

Gold’s Liquidity and Universality

Gold is a highly liquid asset that can be easily bought or sold in global markets. It is universally recognized as a store of value, making it a reliable hedge in times of crisis.

Fact: The global gold market is one of the largest and most liquid markets, with an average daily trading volume of over $150 billion.

Gold’s Performance During Geopolitical Crises

Gold tends to perform well during geopolitical tensions or conflicts, as investors seek safety.

Example: During the Russia-Ukraine war in 2022, gold prices surged to $2,070 /oz in March 2022 as investors fled to safe-haven assets.

Why Gold is a Top Hedge

Preserves Wealth: Gold maintains its value over time, especially during inflation and currency devaluation.

Performs Well in Crises: Gold has historically risen during economic downturns, stock market crashes, and geopolitical tensions.

Diversifies Portfolios: Its low correlation with other assets reduces overall portfolio risk.

Central Bank Support: Institutional demand for gold provides a strong floor for prices.

Liquidity and Universality: Gold is easy to trade and recognized globally as a store of value.

Key Numbers to Remember:

2008 Financial Crisis: Gold rose 25% while the S&P 500 fell 56%.

1970s Stagflation: Gold surged 2,300% from $35 to $850/oz.

2020 Pandemic: Gold hit an all-time high of $2,075 /oz.

Central Bank Demand: Over 1,100 tons of gold purchased in 2022, the highest since 1950.

Gold’s historical performance and unique characteristics make it one of the best hedges against economic downturns, inflation, and market volatility. Including gold in your portfolio can help protect your wealth during uncertain times.  LINK

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 3-13-25

Good Afternoon Dinar Recaps,

SENATE BANKING COMMITTEE VOTES TO ADVANCE STABLECOIN BILL, COLLECTING SUPPORT FROM BOTH DEMOCRATS AND REPUBLICANS

▪️The bill would establish a regulatory framework for stablecoins and create standards for when stablecoin issuers would be regulated by the state or the federal government.

▪️Some Democrats, including Sen. Elizabeth Warren, have expressed unease toward the bill.

The Senate Banking Committee voted to advance a monumental stablecoin bill, advancing it to the full Senate and gaining support from Democrats along the way.

Introduced in February by Sen. Bill Hagerty, R-Tenn., the "GENIUS Act" (Guiding and Establishing National Innovation for US Stablecoins) aims to create a regulatory framework for stablecoins, defining when issuers fall under state or federal oversight. It has bipartisan support from Democratic Sens. Angela Alsobrooks of Maryland and Kirsten Gillibrand of New York.

Democrats Sens. Mark Warner and Andy Kim were among others to support the bill

"The GENIUS Act is a bipartisan step forward in ensuring stablecoins are safe and reliable tools in the financial system," said Senate Banking Committee Chair Tim Scott, R-S.C., at the beginning of Thursday's markup.

A handful of lawmakers in Washington have worked on a bill to regulate stablecoins for years, but those efforts, like other crypto-related bills to regulate the industry, have not come to fruition.

 Now, almost two months into Donald Trump's presidency, Congress is seemingly prioritizing crypto, including investigating claims of industry-wide debanking and repealing the controversial "DeFi Broker rule."

Work is also underway in the House to regulate stablecoins. Though the GENIUS Act is not a companion to the House's version, lawmakers say it shows an effort among Republicans to work on key issues.

The GENIUS Act has garnered support from some in the crypto industry, including the Blockchain Association which called the bill "a thoughtful step forward for commonsense, response guardrails for stablecoin innovation," in a post on X on Wednesday.

On the other side of the aisle, some Democrats have expressed unease toward the GENIUS Act. Sen. Elizabeth Warren's staff circulated a memo outlining their opposition to the bill, which they say "fails" to protect consumers, competition and national security, according to Politico. The memo also includes arguments that the bill would allow firms, such as big tech companies, to issue their own currencies, Fortune reported.

Warren offered several amendments on Thursday, including one involving firms being able to issue their own stablecoins. Big tech billionaires like Elon Musk could use their own currencies to compete with the U.S. dollar, Warren said.

"My most pressing concern is Elon Musk's attempt to build an empire that rivals the power of most nation states," Warren later added.

In the past, some Democrats have been critical of companies' previous plans to launch a stablecoin. Meta Platforms, formerly Facebook, looked to launch stablecoin Libra, later renamed Diem, a few years ago, but quickly prompted concern among regulators and lawmakers who were hesitant about a stablecoin with ties to the social media company.

The committee voted 13-11, therefore not agreeing to Warren's amendment.

Tensions flare

Sen. Catherine Cortez Masto raised concerns over Democrats showing up to the markup and holding a quorum for the committee but not Republicans.

"We're taking the time to talk about our amendments, but there's no debate," the Nevada Democrat said. "And there's some very good amendments here by the way, and I'm hopeful that we have a good product coming out of here, but it is the Democrats now holding the quorum here instead of the Republicans."

Cortez Masto called the bill a "great start" but said it was not ready for prime time.

"There are many that want to provide a good product at the end of the day, but it looks like to me — the die is already cast, you get what you get," she said.

Sen. Warren called the markup a "show trial" and criticized the lack of debate. However, Warren also showed willingness to work on the bill and said it had a "strong base."

"This feels like show trial here that we get up and we read our little part about each of the amendments and the Republicans, clearly a majority of the Republicans have already decided their vote without even hearing anyone make an argument for why this might be an amendment that would be appropriate for this bill," Warren said.

Sen. Bill Hagerty, one of the authors of the bill, countered and said the bill had gone through a "very robust bipartisan process."

"We're going to continue to work to improve this," he said. "I've already acknowledged my willingness to do that here today to the extent that there are additional technical corrections, or in many cases, valid issues are being raised that I think are far more appropriate for a market structure piece of legislation."

In the House, Rep. Stephen Lynch, D-Mass., criticized the GENIUS Act on Tuesday during a hearing focused on stablecoins and said it needed to be amended "vigorously."

"I read the GENIUS Act over in the Senate — I'm a little weary about anything called genius coming out of the United States Senate — but there were so many problems with that and I'm hopeful, hopefully my colleagues, Mr. Hill, and others will amend that vigorously because it had huge, huge problems," Lynch said

@ Newshounds News™

Source:  The Block

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TREASURY MET WITH THREE CRYPTO FIRMS TO DECIDE CUSTODY OF BITCOIN RESERVE

Firms including Anchorage Digital are advising the U.S. government on best practices for safeguarding billions of dollars worth of crypto assets.

The U.S. Treasury Department held meetings this week with top executives from three crypto custody firms to discuss safeguarding the country’s Strategic Bitcoin Reserve, sources familiar with the matter told Decrypt.

Anchorage Digital was one such custodian that met with Treasury Department officials on Monday, according to multiple sources with direct knowledge of the matter.

When asked about the meeting, Anchorage CEO Nathan McCauley told Decrypt that government officials asked him detailed questions about best practices for custodying a national Bitcoin reserve and digital asset stockpile. McCauley said the officials also inquired about how custody could impact stablecoins and market structure, two hot-button topics currently before Congress.

“The Treasury Department is asking all the right questions,” the Anchorage CEO told Decrypt. “It’s clear that Treasury officials are treating this move into the digital asset space with care, recognizing that the United States is quite literally writing history.”

The Treasury Department did not respond to a request for comment on this story.

A Capitol Hill source with knowledge of the meetings told Decrypt the Treasury Department is in the early stages of figuring out how best to tackle questions of security involved in the U.S. government indefinitely holding billions of dollars worth of digital assets.  

“I don't think they have a view yet, and they're trying to figure out what their view is going to be,” they said. “But they are actively seeking additional information from industry participants on the best way to custody the strategic reserve and the stockpile.”

The source elaborated that key decision makers in the industry appear to be in favor of one or multiple third parties assisting with custodying the U.S. government’s Bitcoin reserve in the interim, with the long-term goal of the government eventually self-custodying when ready.

Self custody refers to the practice of independently holding crypto in cold wallets accessed with private keys, as opposed to relying on third parties to manage the assets.

The national digital assets stockpile, however, will consist of a wide variety of seized crypto assets on various blockchain networks, and therefore will likely be permanently custodied by a third party.

How are the nearly 200,000 BTC in the government’s possession currently being held? Last summer, the U.S. Marshals Service announced it had tapped Coinbase to custody its large cap digital asset holdings.  

When asked by Decrypt whether the company currently custodies the U.S. government’s Bitcoin, however, a Coinbase representative declined comment, pointing only to a recent, vague X post on the subject by Coinbase CEO Brian Armstrong.

In the post, Armstrong boasts that his company “works with 145 government entities in the U.S. and 29 government entities outside the U.S.” and that Coinbase has seen increased interest in its custody services following President Donald Trump’s announcement establishing a Bitcoin Reserve.

During an event in Washington held Tuesday by the Bitcoin Policy Institute, BitGo CEO Mike Belshe, Casa CEO Nick Neuman, and Anchorage Digital’s Nathan McCauley convened a panel on “Safeguarding America’s Bitcoin.”

During the talk, the executives opined as to the current state of the government’s current BTC stash, which is worth some $16.4 billion at writing.

“It’s maybe sitting in a closet at the U.S. Marshals Office,” Casa’s Neuman said.

“Or in a drive at somebody’s desk,” BitGo’s Mike Belshe added.

@ Newshounds News™

Source:  Decrypt

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Economist’s “ News and Views” Thursday 3-13-2025

Gold Nears the $3,000 Level Again

Arcadia Economics:  3-13-2025

With the gold futures now above $2,950, it's almost as if last week's selloff is a distant memory.

 And with PPI wholesale prices rising in line with expectations this morning, we may not be far off from seeing the gold price crack the $3,000 level.

https://www.youtube.com/watch?v=p6XTMNAyQLQ

CRASH... THE WORLD ECONOMY IS FREE-FALLING. (AND YOU ARE A CASUALTY OF WAR).

Greg Mannarino:  3-13-2025

https://www.youtube.com/watch?v=_8-DnCVXaO0

The Enemy’s Plan to Seize YOUR MONEY “Is RIGHT on Schedule,” Warns Jekyll Island Author

Daniela Cambone:  3-13-2025

Everything is on schedule for our enemies," says G. Edward Griffin, author of The Creature from Jekyll Island.

 In this exclusive interview with Daniela Cambone, Griffin argues that politicians who repeatedly make promises but fail to deliver substantial change ultimately leave people worse off over time.

 "The American people now have made the president a king… We are in trouble, not because of the enemy but from the inside of our nation."

Griffin also envisions a future where traditional money may cease to exist, replaced entirely by digital currency or digits—drastically altering how economic systems function.

 Watch the interview now to learn how you can navigate these turbulent times.

00:00 Ideology fights

10:52 Executive orders

12:11 Creating fear

14:41 CBDC ban

17:02 Fort Knox gold auditing

19:00 Cashless society

22:00 Turning point

23:26 Gold movement

25:05 System collapse

28:14 How to stop the system from collapsing

30:09 Health

https://www.youtube.com/watch?v=oyVsfnLrno0

Seeds of Wisdom RV and Economic Updates Thursday Morning 3-13-25

Good Morning Dinar Recaps,

SEC VS RIPPLE: XRP LAWSUIT WRAPPING UP AS NEGOTIATIONS REACH FINAL STAGE—REPORT

Ripple’s high-stakes legal battle with the SEC may soon end, as negotiations reportedly center on vacating a key ruling that imposed a $125 million fine.

SEC vs. Ripple Nears Settlement? Report Suggests a Resolution Is Closer Than Eve

The U.S. Securities and Exchange Commission (SEC) case against Ripple regarding the sale of XRP could be nearing its conclusion, according to recent reports. The lawsuit, which has lasted over multiple years, has been a major point of contention in the cryptocurrency industry. 

Fox Business journalist Eleanor Terrett reported on social media platform X on March 12 that two sources indicated the case is in the process of wrapping up and may soon reach a resolution.

“Two well-placed sources tell me that the SEC vs. Ripple case is in the process of wrapping up and could be over soon,” she shared, adding:

My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August district court ruling, which imposed a $125M fine on the company and included a permanent injunction preventing the company from selling XRP to institutional investors.

“The argument, I’m told, is that if the new SEC leadership is wiping the enforcement slate clean for all previously-targeted crypto firms because it believes regulatory clarity will resolve the underlying issue, why should Ripple still be penalized?” she explained. 

“Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing — but now the SEC itself is seemingly unsure whether any wrongdoing occurred.”

Terrett noted that Ripple’s argument revolves around the SEC’s shifting stance on cryptocurrency regulation. With new leadership at the agency reportedly reconsidering enforcement actions against crypto firms, Ripple contends that it should not be penalized for alleged past violations. 

Since there is no precedent for this kind of legal situation, the case may be taking longer to resolve than other crypto-related enforcement actions.

Earlier this month, lawyer James Murphy, known as Metalawman on X, similarly speculated that the delay may stem from Ripple’s efforts to negotiate vacating Judge Torres’ decision rather than the SEC. While the ruling largely favored XRP holders, he noted that findings of securities law violations and an injunction could hinder Ripple’s future plans, such as an exempt securities offering or an IPO. Murphy suggested the SEC might have agreed to a settlement involving both parties dropping their appeals and Ripple paying a $125 million fine, but Ripple may be seeking better terms.

The SEC sued Ripple in December 2020, alleging it conducted an unregistered securities offering by selling XRP. The case has since become a pivotal legal battle in U.S. cryptocurrency regulation. However, the agency itself is undergoing substantial changes, with many crypto-related enforcement cases, such as those against Coinbase, Kraken, and Robinhood, being dropped.

The regulator’s stance on crypto appears to be shifting following the departure of former SEC Chair Gary Gensler. Under the new leadership, the SEC has established a task force to reassess its approach to crypto regulation. This shift may have influenced the negotiations between Ripple and the SEC as they work toward a resolution.

@ Newshounds News™
Source:  Bitcoin News

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TEXAS DOUBLES DOWN ON CRYPTO WITH NEW $250 MILLION BITCOIN RESERVE BILL

Texas' second crypto bill seeks to enhance state and local government participation in digital asset investments.

Texas has introduced a second crypto reserve bill, marking another significant step toward integrating Bitcoin into its financial framework.

According to a document released on March 11, the proposed legislation, HB 4258, seeks to allocate up to $250 million from the state’s economic stabilization fund for Bitcoin and other digital assets.

This marks the second attempt by the state to establish a digital asset reserve, following the earlier SB 778, which recently secured bipartisan support in the Senate.

Unlike the previous proposal, HB 4258 explicitly caps investment and extends participation to municipalities and counties, allowing them to allocate up to $10 million to digital assets. If approved and signed into law, the bill would take effect on Sept. 1, 2025.

Texas’ push for a Bitcoin reserve aligns with broader trends across the US, where 21 states are exploring similar frameworks at different legislative stages. Some states have active proposals, while others are still conducting evaluations.

President of the Texas Blockchain Council, Lee Bratcher, highlighted the state’s strategic position for Bitcoin adoption. He pointed to the Texas Triangle—Houston (energy), Austin (tech), and Dallas (capital markets)—as a convergence of industries that makes Bitcoin integration particularly viable.

Texas’ first Bitcoin bill

As previously stated, SB 778 focuses on integrating crypto into the state’s financial system by enabling tax payments and donations in digital assets.

It also seeks to impose a five-year restriction on selling state-owned Bitcoin. With Senate approval secured, the bill awaits a decision in the Texas House, expected by May 24.

Meanwhile, support for the initiative has been strong, with Texas Lieutenant Governor Dan Patrick calling the establishment of a Bitcoin reserve a strategic move that could set an example for other states.

He emphasized Bitcoin’s decentralized nature and finite supply, describing it as a valuable asset for Texas’ financial future. Patrick added:

“President Trump has stated unequivocally that he intends to make the United States the cryptocurrency capital of the world. His visionary leadership on Bitcoin and digital assets has paved the way for rapid American innovation, and Texas is leading the way.”

@ Newshounds News™

Source:  CryptoSlate

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 3-12-25

Good Afternoon Dinar Recaps,

IRAQ’S 2025 BUDGET WON’T REACH PARLIAMENT IN NEXT TWO MONTHS

Shafaq News/ Iraq’s government is unlikely to submit the 2025 budget tables to parliament within the next two months, a senior lawmaker said on Wednesday.

Ikhlas al-Dulaimi, deputy head of the Parliamentary Finance Committee, told Shafaq News that the Finance Ministry had yet to send the budget tables to the cabinet, despite a legal requirement to do so by October 2024 for approval before the new fiscal year.

"The total budget amounts to 216 trillion dinars (about $165B), while actual expenditures are estimated at around 160 trillion dinars (about $122,)" al-Dulaimi said, ruling out the possibility of sending the tables to parliament soon, which could push the approval process into Iraq’s election period.

In February, Iraq’s parliament passed the first amendment to the federal general budget law for the fiscal years 2023–2025, originally enacted as Law No. 13 of 2023.

@ Newshounds News™
Source:  Shafaq

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AMERICA MUST BACK PRO-STABLECOIN LAWS, REJECT CBDCS — US REP. EMMER

Emmer called CBDCs a “threat to American values” and reintroduced the Anti-Surveillance State Act to block a federal digital dollar.

US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing, while calling central bank digital currencies (CBDC) a threat to American values.

On March 6, Emmer reintroduced the CBDC Anti-Surveillance State Act in the House of Representatives. Emmer renewed his call for Congress to pass the legislation at the March 11 hearing. The legislation aims to block future administrations from launching a US CBDC without explicit approval from Congress.

“CBDC technology is inherently un-American,” Emmer said at the hearing, warning that allowing unelected bureaucrats to issue a CBDC “could upend the American way of life.”

On Jan. 23, President Donald Trump signed an executive order prohibiting “the establishment, issuance, circulation, and use” of a CBDC in the US. Emmer said that the legislation he reintroduced could “prevent a future administration from creating such an obvious tool for financial surveillance against its own citizens” if signed into law, citing concerns about privacy and financial independence.

At the same hearing, Paxos CEO Charles Cascarilla urged lawmakers to create consistent stablecoin regulations across jurisdictions to avoid regulatory arbitrage. Paxos, a significant issuer of stablecoins, recommended clear guidelines and reciprocal rules with global regulators:

“We want to make sure we have the same set of rules in the US as we have around the world so that there isn’t some arbitrage that is possible to issue from another jurisdiction. And by having that same set of rules that everyone has to meet in order to access the US market, it will actually create a race to the top, not a race to the bottom.”

Emmer, a Minnesota Republican, also criticized inherent privacy risks associated with CBDCs, saying that stablecoins could bring traditional finance onchain at a global scale while reserving privacy:

“This underscores why we must prioritize pro-stablecoin legislation alongside anti-CBDC legislation.”

Against the backdrop of rapid pro-crypto developments, a report by the Center for Political Accountability (CPA) raised concerns about the growing political influence of crypto companies in the US and potential risks to regulatory stability.

Cryptocurrency firms shelled out a cumulative $134 million on the 2024 US elections in “unchecked political spending,” which presents some critical challenges, the March 7 report said.

@ Newshounds News™

Source:  CoinTelegraph

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"Wait for my post" Isaac 

Once Isaac has been funded he will post the word "VICTORY" 

“But understand I do not have contacts." Isaac

"I have buyers, the us treasury, DOD, Admiral , HSBC several big platforms that I have signed contracts with all and they paid already for the inspection several times" Isaac

Isaac's Room Link

Isaac Website Link 

Read more Living Room Link

@ Newshounds News™

~~~~~~~~~

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There’s Only 0.04% of USA’s GOLD Left. Can Trump Buy it Back For $42? | Mike Maloney

There’s Only 0.04% of USA’s GOLD Left. Can Trump Buy it Back For $42? | Mike Maloney

3-12-2025

Ever wonder who really owns America’s gold—and why so much secrecy surrounds it?

In this eye-opening video, Mike Maloney uncovers the shocking truth: 99.96% of the nation’s gold reserves are under lien to the Federal Reserve, leaving a mere 0.04% truly unencumbered.

Tracing the story back to President Franklin D. Roosevelt’s controversial 1933 gold nationalization, Mike reveals how the government—and the Fed—took complete control of America’s “base money.”

Discover how our gold-based monetary system was replaced by paper currency, why it may violate the Constitution, and how the nation’s gold might still be stuck in a giant “pawn shop” arrangement to this day.

Don’t miss this exposé on the hidden history of America’s gold—and what it could mean for your financial future.

https://www.youtube.com/watch?v=glZy3iS85LQ

Seeds of Wisdom RV and Economic Updates Wednesday Morning 3-12-25

Good Morning Dinar Recaps,

U.S. HOUSE OVERTURNS IRS DEFI RULE: TRUMP’S FIRST CRYPTO LAW AHEAD?

U.S. lawmakers voted to cancel an IRS rule that required crypto companies, including DeFi platforms, to collect and report taxpayer and transaction information. 

The House passed the vote 292-132, following the Senate’s decision to reject the rule that was finalized during the final days of former President Biden’s administration. This could change how crypto businesses are regulated.

Fox Business Journalist Eleanor Terrett noted that due to a rule that budget-related bills must start in the House, the Senate will need to vote on the resolution one more time. Once that vote passes, it will go to President Trump’s desk as the first crypto-related bill to become law.

Missouri Republican Jason Smith urged lawmakers to support the resolution, saying the IRS rule could hurt U.S. businesses and stifle innovation. He added that the rule might be impossible to enforce, as DeFi platforms are different from centralized crypto exchanges or banks and cannot gather the required user information to comply with the rule.

Last week, 70 Senators voted to overturn the IRS rule, with Trump’s advisers urging him to sign it. Rep. Jason Smith (R-Mo.) noted the Senate must approve it again due to budget rules. If signed, the IRS would be blocked from enforcing similar rules in the future.

Illinois Democrat Danny Davis argued the rule was part of the 2021 Infrastructure Act, comparing crypto to stocks and saying crypto platforms should report like stock brokers. Meanwhile, North Carolina Republican Tim Moore claimed the rule overstepped and could harm U.S. innovation in digital assets.

Texas Democrat Lloyd Doggett called the resolution “special interest legislation,” saying that it could help tax cheats, criminals, and terrorist financiers, and add $4 billion to the national debt, going against President Trump’s goal to cut the debt.

@ Newshounds News™
Source:  Cooinpedia

~~~~~~~~~

COINBASE GETS GREEN LIGHT TO OPERATE IN INDIA AFTER RECEIVING APPROVAL FROM REGULATORS

Top US-based crypto exchange Coinbase has received approval from India’s Financial Intelligence Unit (FIU) to resume operations in the country after ceasing activities in early 2023 due to regulatory issues.

According to a Coinbase press release, the approval enables the leading US exchange to offer crypto trading services in one of the world’s fastest-growing digital asset markets – India.

Coinbase has announced plans to introduce retail trading services in the country later this year, followed by additional investment products curated for Indian customers.

Says John O’Loghlen, Coinbase’s Regional Managing Director for Asia-Pacific,

“India’s developer community and entrepreneurial energy are unmatched. But too often, young Indian entrepreneurs have felt forced to look abroad to build global companies. Crypto can change that. By expanding access to our trusted platform and tools such as Base, we aim to empower a new generation of builders to stay home, innovate locally, and scale globally.”

The exchange says that India is a “global technology powerhouse home to one of the most vibrant startup ecosystems,” making it a natural fit for Coinbase’s international expansion.

Coinbase joins other global exchanges, including Binance and KuCoin, that have recently received similar approvals.

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-11-25

Good Evening Dinar Recaps,

MOMENTUM BUILDS IN WASHINGTON TO PASS STABLECOIN LEGISLATION, MARKING A 'MOMENT FOR US HERE IN CONGRESS NOW TO ACT'

▪“There is a moment for us here in Congress now to act,” said Rep. Bill Huizenga, R-Mich., during a House committee hearing on Tuesday.

▪A stablecoin bill is set to be marked up in the Senate Banking Committee on Thursday.

Movement on legislation to regulate stablecoins is underway this week as lawmakers in the House debated necessary provisions in the bill on Tuesday. The Senate committee will also assemble in the coming days to take a vote on proposed stablecoin rules.

This is the moment for Congress to act, said Rep. Bill Huizenga, R-Mich., on Tuesday during a House Financial Services Committee hearing focused on stablecoins and central bank digital currencies. Huizenga cited the Trump administration's actions over the past few weeks, including a White House crypto summit last week.

"There is a moment for us here in Congress now to act, and as legislators, it's ultimately up to us to provide the regulatory clarity needed to ensure that the U.S. dollar remains the dominant reserve currency, and I believe stablecoins can do that," Huizenga said.

Lawmakers have legislation teed up in both the Senate and House to tackle stablecoin regulation. A handful of bipartisan legislators have been working to pass a stablecoin bill for years.

However, like all previous congressional acts to advance crypto regulation, these various attempts had stalled out. Fifty days into Donald Trump's presidency, however, Congress is seemingly making crypto a priority — including by investigating claims of industry-wide debanking and repealing the controversial "DeFi Broker rule."

In February, House Financial Services Committee Republican Chair French Hill, R-Ark., alongside Rep. Bryan Steil, R-Wis., released draft legislation to regulate stablecoins. That draft, called the STABLE Act, builds on work done over the years in the committee beginning in 2022.

A sticking point for a previous draft was a provision that would have allowed state regulators to approve stablecoin issuances without Federal Reserve input.

The new bill differs slightly from the previous stablecoin bill. For example, it gives the Office of the Comptroller of the Currency the authority to "approve and supervise federally qualified nonbank payment stablecoin issuers " instead of including a federal path through the Federal Reserve for "payment stablecoin issuers."

Work is also underway in the Senate. Sen. Bill Hagerty, R-Tenn., introduced a bill to regulate stablecoins called the "Guiding and Establishing National Innovation for US Stablecoins," dubbed the GENIUS Act. Though it is not a companion to the House's version, lawmakers say it shows an effort among Republicans to work on key issues.

That bill is set to be marked up in the Senate Banking Committee on Thursday.

Ron Hammond, senior director of government relations at the Blockchain Association, called all the action "Stablecoin Spring" and said Congress is set on getting a stablecoin bill across the finish line.

"The House hearing today showed most of the Democrats and all the Republicans largely supporting the measures in the STABLE Act," Hammond said in a statement to The Block.

"That same bipartisan spirit will likely be reflected in Thursday’s Senate Banking markup of the GENIUS Act. This will be set the stage for a comprehensive vote on the combined product, the STABLE GENIUS Act, sometime in the next two-to-three months.”

House hearing unfolds

In the House, lawmakers also heard from experts, including Paxos CEO Charles Cascarilla, Global Head of Digital Assets at The Bank of New York Mellon Corporation, among others, on Tuesday.

Rep. Ritchie Torres, D-N.Y., who has shown support toward crypto, compared digital assets to cars.

"The proper legislative response to the automobile is not to ban it, it's not to sabotage it, it's to regulate it," Torres said. "It's to make it safer. And as far as I'm concerned, the proper role of Congress is not to sabotage digital asset transactions, but to make them safer, to strike a careful balance between financial stability and innovation."

Some Democrats revealed hesitancy toward Republican-led stablecoin bills.

Top Democrat Rep. Waters of California criticized Trump over the launch of his memecoin and his executive order creating a strategic bitcoin reserve.

"Despite my belief that the Trump administration only wants crypto legislation that personally benefits them and protects their crypto financiers — I still hope we can work together on a bill that requires stablecoins be robustly and fairly regulated," Waters said.

The current Republican-led bill at play "strips away critical protections to shield investors from criminals," she added.

Rep. Stephen Lynch, D-Mass., criticized the GENIUS Act during Tuesday's hearing and said it needed to be amended "vigorously."

"I read the GENIUS Act over in the Senate — I'm a little weary about anything called genius coming out of the United States Senate — but there were so many problems with that and I'm hopeful, hopefully my colleagues, Mr. Hill, and others will amend that vigorously because it had huge, huge problems," Lynch said.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

BRICS TRADE AGREEMENT LOOKS TO END THE PETRODOLLAR’S DOMINANCE

There is no denying that 2025 has seen tension between the West and the Global South reach a fever pitch. That is only expected to continue throughout this year, as a plethora of BRICS trade agreements look to end the petrodollar’s dominance.

The economic alliance has spearheaded efforts to increase trade settlements in local currencies. Moreover, that should continue to extend into the oil industry, which may only increase the growing geopolitical uncertainty between the United States and the bloc.

BRICS Eye an End to the Petrodollar: How Will Donald Trump Respond?

Since his 2024 presidential election win, Donald Trump has placed a clear target on the BRICS alliance. Their previous efforts to de-dollarize global markets led the President to threaten 150% tariffs on membership nations. Yet, that has not deterred its continued pursuit of US dollar alternatives in a host of sectors.

Moreover, that hasn’t limited the attractiveness of the BRICS bloc for developing nations. 

Three new nations have been invited to the bloc’s annual summit, all of which are eyeing a position in the collective. Moreover, their presence could only further efforts for BRICS to use new trade agreements to end the petrodollar’s dominance.

Due to the presence of sanctions, Russia pivoted into oil trade settlement currencies in 2022. Specifically, 78% of oil exports to fellow BRICS members China and India were in local currencies over the two years that followed. Comparatively, just 32% were settled in local currencies in 2021.

The alliance’s hopes of de-dollarizing the oil market can be clearly seen in the allies it has embraced. Since the arrival of BRICS+, it has welcomed Saudi Arabia, the United Arab Emirates (UAE), Egypt, and Iran. Those nations are some of the top oil producers in the world. Moreover, many stand to also see the petrodollar cease to hold as much dominance as it does.

If it were successful, it would be a monumental blow to the United States. The BRICS bloc holds more than 40% of the world’s oil and gas reserves Although 58% of currency reserves are still held in the greenback, it presents a key point of conflict that is building on already concerning relations between BRICS and the US.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-11-25

Good Afternoon Dinar Recaps,

CIRCLE TRIMS USDC CROSS-CHAIN SETTLEMENT TIME DOWN TO SECONDS WITH PROTOCOL UPDATE

▪Circle, issuer of the world’s second-largest stablecoin USDC, has launched a protocol update it says reduces cross-chain transaction settlement time “to seconds,” compared to an average of 13 to 19 minutes for a typical blockchain transaction between Ethereum and Layer 2 blockchains.

▪According to Circle, the newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, improves upon the earlier version “with a new set of smart contracts and APIs.”

Circle, issuer of the world's second-largest stablecoin USDC, unveiled a protocol update on Tuesday it says will reduce cross-chain settlement time from several minutes to a matter of seconds.

The company's newly launched Cross-Chain Transfer Protocol V2, or CCTP V2, will improve upon CCTP V1 "with a new set of smart contracts and APIs," slashing cross-chain transaction settlement time from "an average of 13 to 19 minutes for a typical blockchain transaction" between Ethereum and Layer 2 blockchains to only seconds, according to a statement.

"CCTP V2 reduces the barriers that have hindered the fluid movement of digital dollars between supported blockchains," said Nikhil Chandhok, chief product officer of Circle, in the statement. 

"CCTP V2 gives developers greater flexibility to tailor cross-chain transactions to their specific needs and unlocks low-latency use cases in crypto capital markets, effectively abstracting away cross-chain complexities for developers and their users."

As the USD-pegged stablecoin market, by most accounts, is poised to keep growing, improving transaction time could prove beneficial to Circle as competition potentially heats up in the coming months and years.

Out of the roughly $235 billion worth of USD stablecoins in circulation, Circle's USDC accounts for $58 billion, according to The Block Data Dashboard. USDC ranks a distant second to Tether's USDT, the clear market leader.

Avalanche, Base and Ethereum to begin with

Circle said CCTP V2 will initially be available for developers working on Avalanche, Base and Ethereum, but the plan is to add support for more blockchains as the year progresses. "CCTP V1 will remain available on 11 blockchains," Circle said, adding that since launched in 2023, "CCTP has facilitated more than $36 billion in transaction volume."

Some of CCTP V2's new features Circle highlighted on Tuesday include "Hooks," which it said makes it possible for developers "to automate post-transfer actions on the destination blockchain."

@ Newshounds News™

Source:  The Block

~~~~~~~~~

BRICS: RUSSIA & IRAN ANNOUNCE NEW DEAL TO BOOST TRADE

Amid the ongoing tension between the US and BRICS, both Russia and Iran have announced a new deal to boost trade and cooperation. Indeed, both sides are expecting a surge in their partnership as things look increasingly uncertain for the alliance moving forward.

Throughout the year so far, the bloc has faced aggressive economic policy from the United States. Since being inaugurated, Donald Trump has not minced words regarding his feelings for the group. However, that has not seen the collective slow its ambitious growth efforts.

Russia & Iran Sign New Trade Deal as BRICS Faces Increased US Pressure

The last two years have seen the BRICS economic alliance embrace a massive growth effort. Indeed, they are continuing, with the alliance eyeing continued expansion in 2025. Moreover, it has held firm in its commitment to de-dollarization despite increased pressure from the United States.

Those efforts to fortify their alliance have continued for BRICS Monday as Russia and Iran have signed a new trade deal. According to a new report, both sides are expecting the increased cooperation to result in a “trade surge,” with cultural expansion to soon follow.

“Trade between Russia and Iran is generally demonstrating positive dynamics,” Ambassador Aleksley Dedov said. “We expect further growth in trade turnover at the end of this year,” he added. Indeed, they project a 15% increase in trade dealings over 2024. Moreover, a key emphasis on the increased trade is the decision for both sides to settle in local currencies.

That decision is yet another blow to the US dollar. President Donald Trump has not been kind to any de-dollarization efforts present globally. He has previously warned of 150% tariffs on nations that engage in the practice. It will be interesting to see if Russia and Iran are now subject to those threats.

@ Newshounds News™

Source:  Watcher Guru and TehranTimes

~~~~~~~~

3/11/25 Isaac's Update Link 

More encouraging news from Isaac.  He has German and Yellow Dragon bonds.  He has always said the German bonds will go first.  

Settings have changed and you can no longer copy or forward. But you can read his comments in both his room and the Living room.  

Basically he feels Good News is coming.  He feels he will have confirmation of that soon.

Newshounds will continue to report what Isaac has to say so keep checking back with us.

Isaac's Room Link 
Isaac Website Link 

Announcement Link 
Process Steps Link 

@ Newshounds News™  

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 3-11-25

Good Morning Dinar Recaps,

RETROACTIVE SOCIAL SECURITY PAYMENTS BEGIN, WHEN TO EXPECT THEM?

The Social Security Administration (SSA) has made remarkable progress in distributing retroactive payments to those impacted by the Social Security Fairness Act.

This pivotal legislation, passed at the end of 2024, repeals two controversial provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These provisions had long been criticized for reducing or eliminating benefits for certain public sector workers, including firefighters, police officers, and teachers.

According to the SSA, over $7.5 billion has already been distributed to more than 1.1 million eligible beneficiaries.

The average retroactive payment stands at $6,710, compensating for benefits that would have been issued in 2024 had the law been enacted earlier. Initially, the agency estimated that processing these increased monthly payments and retroactive sums could take over a year. However, recent updates suggest that the majority of cases have been expedited.

Who will receive these payments and when? The SSA is actively adjusting the monthly benefits for affected recipients, with updated payments expected to be reflected in the April 2025 disbursement. Those who have not yet received their retroactive payment are advised to wait until April before contacting the SSA for further inquiries.

To determine eligibility for increased benefits, the SSA will be sending official notices by mail to affected individuals in the coming weeks. It is estimated that up to 3.2 million Americans will benefit from the changes introduced by the Social Security Fairness Act. However, some individuals may need to take action to ensure they receive their due benefits.

Individuals who are unsure whether they previously applied for retirement, spousal, or survivor benefits, or those who never applied due to WEP or GPO restrictions, should consider taking action. The SSA recommends submitting an application online or by phone at 1-800-772-1213 (Monday–Friday, 9 AM to 6 PM ET). When prompted, say “Fairness Act” to be connected with a trained representative.

How much will monthly payments increase? A September 2024 estimate by the Congressional Budget Office projected significant increases. Social Security beneficiaries previously impacted by the WEP will see an average increase of $360 per month. Those affected by the GPO could receive between $700 and $1,190 extra per month.

These adjustments represent a historic shift for millions of retired public sector employees, ensuring they receive the benefits they were previously denied. This change marks a new era of fairness and equity in the distribution of Social Security benefits.

For further details, beneficiaries should refer to their official SSA notices or check the agency’s website for updates. The SSA is committed to ensuring that all eligible individuals receive the benefits they deserve under the new legislation.

@ Newshounds News™

Source:  MSN

~~~~~~~~~

TRUMP SET TO SIGN EXECUTIVE ORDER REVERSING BIDEN’S CRYPTO BANKING RESTRICTIONS

President Donald Trump is all set to sign an executive order targeting Biden administration policies that have made it hard for crypto companies to access banking services. The order is expected to target policies under “Operation Chokepoint 2.0,” which seeks to roll back these restrictions and support the crypto industry.

Bo Hines, Executive Director of the White House’s Presidential Working Group on Digital Assets, confirmed that administrative action is coming but didn’t provide details. He mentioned that the industry can expect something soon.

Hines also emphasized that the Trump administration aims to end practices linked to “Operation Chokepoint 2.0,” a term coined by Nic Carter, which refers to efforts similar to the Obama-era Operation Choke Point that targeted payday lenders and gun dealers.

Trump’s Executive Order Could Open Fed Access to Crypto Banks

While details of Trump’s executive order are still being finalized, it could impact Federal Reserve policies on master accounts. These accounts, held by federally chartered banks, are essential for making direct payments and accessing the Fed’s services. Under the Biden administration, the Fed denied master accounts to crypto-focused banks like Custodia, hindering their growth.

Fox Business reporter Eleanor Terrett remarked that this is significant because the Federal Reserve and the FDIC have not yet reversed any anti-crypto policies, even though Federal Reserve Chairman Jerome Powell mentioned last month that he was concerned by the increasing number of crypto debanking cases and that the Fed would “take a fresh look” at the issue.

Trump Administration Pushes Forward Despite Challenges

While the Federal Reserve operates independently from the White House, the Trump administration is pushing forward with its crypto order, despite potential legal hurdles. Sources note that senior White House officials are set to meet Thursday to assess possible challenges before putting the order on Trump’s desk.

However, a White House official denied any such meeting is scheduled but confirmed that efforts to roll back Operation Chokepoint 2.0 are already in motion. The race to reshape crypto policy is heating up, and all eyes are on what comes next.

Directive on Stablecoins?

The upcoming executive order could extend beyond banking, and might include a directive stating that stablecoins, which are designed to maintain a stable value and are typically pegged to the U.S. dollar, should not be classified as securities.

If Trump signs this order, it would be his third crypto-related executive action since returning to office. The first, signed on January 23, created a Presidential Working Group on Digital Asset Markets. The second, signed last week, ordered the establishment of a U.S. government Bitcoin reserve and a separate stockpile for other digital assets.

Bitcoin Dips Despite The Developments

Trump’s recent Crypto Summit disappointed industry leaders, with his Bitcoin reserve plan failing to boost the market as the administration plans to use seized assets. Broader economic policies, including tariffs on China and others, have also shaken markets. As a result, institutional investors pulled funds from Bitcoin and Ethereum ETFs, causing Bitcoin to fall below $80,000 for the first time in 4 months and Ethereum to drop to $1,870.

@ Newshounds News™

Source:  Coinpediia  and Twitter

~~~~~~~~~

THAILAND’S SEC JUST APPROVED USDT & USDC, ALONGSIDE BITCOIN & ETHEREUM AS APPROVED TOKENS!

▪Thailand’s SEC approves USDT and USDC for trading on licensed crypto exchanges.

▪Stablecoins join Bitcoin, Ethereum, XRP, and Stellar in Thailand’s approved crypto list.

▪New rules effective March 16 boost crypto trading and adoption in Thailand.

▪Tether faces transparency scrutiny despite $142 billion market cap and growing demand.

Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has expanded its list of approved cryptocurrencies. The country has now allowed the use of Tether (USDT) and Circle’s USD Coin (USDC) on licensed digital asset exchanges. This decision follows a growing demand for stablecoins in crypto trading and payments worldwide.

Thailand Regulator Adds USDC, USDT Stablecoins

With this approval, Thailand opens its doors to stablecoins, a crucial part of the global crypto market. Stablecoins like USDT and USDC are widely used for trading, payments, and remittances due to their price stability.

By adding USDT and USDC to its list of approved cryptocurrencies, alongside Bitcoin, Ethereum, XRP, and Stellar, Thailand is expanding its digital asset ecosystem. This move not only enhances trading opportunities but also strengthens Thailand’s position as a growing hub for crypto adoption in Asia.

The new regulations, set to take effect on March 16, will allow licensed exchanges to list and trade these stablecoins, making it easier for investors and traders to move funds within the crypto ecosystem.

Thailand Aligns with Global Crypto Trends

The decision to approve USDT and USDC comes after a public consultation held in February, where most participants supported the idea. Across regions like Southeast Asia, Africa, and Latin America, stablecoins have gained popularity due to their reliability and ease of use in transactions.

Tether alone contributes to around 40% of the total trading activity in the country. As of now, USDT holds a massive $142 billion market capitalization, while USDC follows with $58 billion.

Push for Transparency

The approval of Tether’s stablecoin comes at a time when the company is facing scrutiny over its financial transparency. Just last week, the company appointed Simon McWilliams as its Chief Financial Officer to address concerns regarding its financial audits.

The company has been publishing quarterly reports verified by BDO Italy, but some critics argue that a full financial audit is needed. Following the 2022 market crash, the crypto industry has pushed for more transparency.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Monday Evening 3-10-25

Good Evening Dinar Recaps,

UTAH’S SENATE PASSES BITCOIN BILL — BUT SCRAPS KEY PROVISION

Utah lawmakers have passed a Bitcoin bill after amending it to remove a section that would have authorized the state treasurer to invest in Bitcoin.

Utah’s Bitcoin bill has passed the state Senate, but without its cornerstone, a clause that would have made it the first US state with its own Bitcoin reserve.

The HB230 “Blockchain and Digital Innovation Amendments” bill now only provides Utah citizens with basic custody protections, the right to mine Bitcoin, run a node and participate in staking, among other things.

The 19-7-3 vote to pass the measure on March 7 means the bill is now headed to Utah Governor Spencer Cox’s desk to be signed into law.

The reserve clause would have authorized Utah’s treasurer to invest up to 5% of digital assets with a market cap above $500 billion over the last calendar year in five state accounts — with Bitcoin as the only digital asset that currently meets this criteria.

The reserve clause passed the second reading but was scrapped in the third and final reading. Utah’s House then concurred with the amendment in a 52-19-4 vote.

“There was a lot of concern with those provisions and the early adoption of these types of policies,” one of the bill’s sponsors, Senator Kirk A. Cullimore, said in Utah’s March 7 floor session.

“All of that has been stripped out of the bill."

Up until March 7, Utah looked likely to become the first US state to adopt a Bitcoin reserve, Satoshi Action Fund’s CEO Dennis Porter predicted on Feb. 2.

Two Arizona Bitcoin reserve bills and a Texas bill are now the closest to being passed into law, Bitcoin Laws data shows. Each of those bills obtained a successful vote in their respective Senate committees and is now awaiting a final floor vote in the Senate.

Of the 31 Bitcoin reserve state bills introduced, 25 remain live, including bills from Illinois, Iowa, Kentucky, Maryland, Massachusetts, New Hampshire, New Mexico, North Dakota, Ohio and Oklahoma.

Bills from the likes of Pennsylvania, Montana, Kentucky and North Dakota have failed.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

EL SALVADOR CONTINUES ACCUMULATING BITCOIN AND NOW HOLDS 6,111 BTC DESPITE IMF PRESSURE

▪The Central American nation acquired an additional 6 BTC on Sunday, boosting its total holdings to 6,111.18 BTC.
▪The country agreed to scale back the public sector’s bitcoin activities in a deal with the IMF for a $1.4 billion loan.

El Salvador continues to acquire bitcoin despite its deal with the International Monetary Fund to curb its bitcoin acquisition.

The Central American nation purchased an additional 6 BTC on Sunday, expanding its total bitcoin holdings to 6,111.18 BTC, worth about $504 million at current market prices, compared to 6,072 BTC on Feb. 9, according to the country's Bitcoin Office.

In December, El Salvador reached a deal with the IMF for a $1.4 billion loan, with the total package expected to be over $3.5 billion, and agreed to scale back its bitcoin engagement in exchange for the financing. Then, in January, the country's Legislative Assembly approved a bill to comply with the IMF requirements set out in the deal, according to Reuters.

On March 3, the IMF released a new document outlining conditions as part of the extended arrangement for its fund facility to El Salvador.

"Going forward, program commitments will confine government engagement in Bitcoin-related economic activities, as well as government transactions in and purchases of Bitcoin," said Nigel Clarke, deputy managing director of the IMF, in the document.

El Salvador's strategic reserve, however, continued to accumulate bitcoin. El Salvador President Nayib Bukele said last week that the country will not stop purchasing bitcoin. "No, it's not stopping," Bukele said in an X post on March 5. "If it didn’t stop when the world ostracized us and most 'bitcoiners' abandoned us, it won’t stop now, and it won’t stop in the future."

@ Newshounds News™

Source:  The Block

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-10-25

Good Afternoon Dinar Recaps,

Seeds of Wisdom RV Announcement and Info

The steps to the Global Currency Reset (GCR) funding process have been widely speculated upon, but based on the structured flow reported by insiders and experts, it generally follows this order:

1. Historic Bonds Redemption (Sovereign-Level)
German Bonds (and other historic bonds like Chinese Dragon Bonds, Super Petchilis, Railroad Bonds, etc.)
These were issued long ago and have been held by sovereign groups, large institutions, and select individuals.
Bondholders go through a vetting and redemption process, where bonds are verified and then paid out.
Payments may be staggered in tranches over time.

2. Other Bonds & Private Placements
Zim Bonds (Zimbabwe Bonds) – Considered high-yield and separate from currency exchanges.
Other sovereign bonds (Venezuelan, Peruvian, etc.) follow similar redemption protocols.
Private placements & tiered settlements involve structured payouts to high-net-worth individuals and institutions.

3. Digital & Crypto Assets Integration
Some theories suggest asset-backed crypto may play a role in new financial systems.
Quantum Financial System (QFS) may transition assets into a blockchain-secured environment.
There could be a shift from fiat-based digital assets to gold or commodity-backed digital currencies.

4. Currency Exchange & Revaluation (RV)
Currencies like the Iraqi Dinar (IQD), Vietnamese Dong (VND), Indonesian Rupiah (IDR), Zimbabwean Dollar (ZWL), and others are expected to undergo revaluation.
Exchange centers, banks, or designated locations will facilitate conversions.

Tiers (1-5) dictate when different groups receive access to funds.
Tier 1: Sovereigns & elite institutions.
Tier 2: Governments & select large groups.
Tier 3: Humanitarian & pre-approved projects.
Tier 4: Public holders with pre-arranged agreements (Tier 4B includes internet groups).
Tier 5: General public after revaluation is public.

5. Wealth Management & Project Disbursement
Funds are distributed based on agreements, NDAs, and structured payouts.
Humanitarian projects are expected to receive allocations.
Wealth managers, trusts, and legal structures assist in handling funds post-exchange.

Each phase unfolds in a controlled manner, ensuring that funding flows through proper channels before mass liquidity is released to the public.

Seeds of Wisdom Team

@ Newshounds News™

Source:  From a compilation of sources throughout the Dinar Community.

Important Update from Seeds of Wisdom Team

As the revaluation takes place and when Isaac post "VICTORY" for his Bonds payments, all Seeds of Wisdom Team rooms will be set to read-only. You will still have access to all our valuable resources and guidance. 

Some links are below and you can find more valuable resources, project information, writing projects, and more on the Seeds of Wisdom Team Website.  Bob Lock will open his room as he has time to field questions.  To ensure you still have access to valuable resources and guidance, we are sharing links to key rooms where you can follow along:

Planning Room Link  
Planning Room Docs Link 
Bob Lock’s Room (Common Law) Link
Bob Lock’s Docs Room Link

Our website under the Planning section provides essential tools to help you move forward. We strongly encourage you to finalize your plans and assemble a strong, knowledgeable team to support your journey.

We wish everyone the very best in this new chapter. While we will be stepping back, we will still be around. Should we decide to reopen the rooms, we will announce it via Telegram and on the website. 

Stay prepared, stay wise, and take care.

~ Seeds of Wisdom Team

@ Newshounds News™

When Isaac posts 'Victory' it will mean that he has received funding for his German Bonds which he has always said will go first. This means the process has started and no one knows the exact timing of the GCR but it will happen. We will post Isaac's announcement here on Dinar Recaps so keep watching. 

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3/10/25 Isaac's Update

Isaac N, [3/10/2025 1:10 PM]
"Hello 👋🏻 hope all good

Great news coming this week , I will keep you posted as soon as I get the confirmation

Blessings"

3/10/25 Isaac's Update Link 

Isaac's Room Link

Isaac Website Link

@ Newshounds News™

Source:  Seeds of Wisdom Team Telegram Isaac's Room

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