BRICS Cracking Western Empire as Global Financial Reset Accelerates

BRICS Cracking Western Empire as Global Financial Reset Accelerates

Lena Petrova: 5-10-2025

For decades, the US dollar has reigned supreme as the undisputed king of global finance. Its dominance has underpinned international trade, served as the primary reserve currency for nations worldwide, and granted the United States unparalleled economic leverage.

However, rumblings of discontent have been growing, and a powerful force is emerging that threatens to challenge this long-standing status quo: the BRICS alliance.

The BRICS nations – Brazil, Russia, India, China, and South Africa – representing a significant portion of the world’s population and economic output, have been actively pursuing a policy of de-dollarization.

This multifaceted strategy aims to reduce reliance on the US dollar in international trade and financial transactions, ultimately paving the way for a more multipolar global financial system.

Several factors are driving this push for de-dollarization. Firstly, the perceived weaponization of the dollar by the US, particularly through sanctions, has created a desire for alternative economic pathways. Nations feel vulnerable when their access to the global financial system can be unilaterally restricted by Washington.

Secondly, the BRICS countries are increasingly frustrated with the inherent disadvantages of the dollar-centric system. They argue that it necessitates holding large reserves of US dollars, exposes them to US monetary policy decisions, and limits their economic sovereignty.

Finally, the ambition to create a truly multipolar world, both politically and economically, fuels the de-dollarization agenda. The BRICS nations seek to assert their influence on the global stage and challenge the long-held dominance of the West.

The de-dollarization efforts of the BRICS nations are undeniably contributing to a potential shift in the global financial landscape.

While a complete dismantling of the dollar’s dominance is unlikely in the near future, the erosion of its influence is becoming increasingly apparent. This could be interpreted as a gradual “reset” of the global financial order.

Despite the momentum behind de-dollarization, significant challenges remain. The US dollar’s deep-rooted infrastructure, network effects, and safe-haven status are formidable obstacles. Furthermore, ensuring the stability and credibility of alternative currencies and payment systems is crucial for their widespread adoption.

The BRICS alliance’s pursuit of de-dollarization represents a significant challenge to the existing global financial order. While the path to a truly multipolar system is long and complex, the efforts to reduce reliance on the US dollar are gaining traction and could lead to a fundamental shift in the balance of economic power.

The acceleration of these efforts suggests that a global financial reset, characterized by increased multipolarity and a redistribution of economic power, is not just a possibility, but an unfolding reality. The future will undoubtedly witness a more contested and fragmented global financial landscape, where the dominance of the US dollar is no longer taken for granted.

https://youtu.be/I_TMb844VHY

Seeds of Wisdom RV and Economic Updates Sunday Morning 5-11-25

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XRP BECOMES FIRST REGULATED CRYPTO IN THE U.S. AFTER RIPPLE-SEC SETTLEMENT

▪️__Ripple settles with the SEC, paying a reduced $50 million fine.__
▪️__The SEC acknowledges XRP is not a security on public exchanges, making it uniquely regulated in the US.__
▪️__This clarity is expected to boost XRP adoption and allow Ripple to focus on global expansion.__

The long-running Ripple vs. SEC battle has finally reached a conclusion, and the outcome could reshape the crypto industry.

Ripple Labs has agreed to settle with the U.S. Securities and Exchange Commission, ending a legal fight that has lasted for years. As part of the settlement, Ripple will pay a reduced fine of $50 million. But the real headline is this: the SEC has officially acknowledged that XRP is not a security when traded on public exchanges.

XRP is now the only cryptocurrency with clear legal recognition in the United States. And that could open the door to serious institutional adoption.

Ripple Cuts Deal, SEC Walks Back Without Admitting Defeat
Originally, Ripple was ordered to pay a $125 million fine. But under the new agreement, the company will pay just $50 million, with $75 million being returned. Ripple and the SEC will ask the court to lift the previous injunction, closing the case and canceling any ongoing appeals.

The SEC made it clear in its statement that settling the case doesn’t mean it was wrong in its approach. Instead, it says this move reflects a shift in how it plans to handle crypto regulation going forward.

It also stressed that this settlement applies only to Ripple and won’t affect other enforcement actions in the crypto space.

Regulatory Attitudes Are Starting to Shift
Italian crypto expert Fabio Zuccara believes the U.S. government’s approach to crypto is becoming more constructive. He said the Biden administration, once viewed as destructive to the industry, now seems to be taking a more balanced approach.

Zuccara also pointed out that several crypto-related lawsuits have recently been dropped, further suggesting a change in direction from regulators.

XRP Trading Volume and Price Surge
The news has caused a major surge in XRP trading activity. The daily trading volume spiked from $1.2 billion to $4.2 billion, and the price climbed rapidly:

• May 1: $2.19

• May 8: $2.32 (9.5% daily jump)

• May 10: $2.37 (2.4% 24-hour surge)

In total, XRP has gained nearly 11.92% since May 8, and is up 7.6% over the last seven days.

What’s Next for XRP and Ripple?
Zuccara states that XRP now holds a unique advantage as the only crypto with legal clarity in the U.S. — a factor that may boost institutional investment and corporate adoption.

With the lawsuit behind them, Ripple is expected to resume global expansion, focusing on cross-border payments and liquidity solutions using XRP.

Earlier reports suggested the legal fight had distracted Ripple from its core business operations, but the company can now refocus on innovation and growth.

Institutional Interest in XRP Grows
Ripple’s legal clarity is already paying off. Recently, CFTC-regulated XRP futures products were launched in the U.S., signaling increased institutional confidence in the digital asset.

Conclusion
The Ripple-SEC settlement marks a historic turning point in U.S. crypto regulation. With XRP now legally recognized and regulated, it opens a new path for other crypto firms seeking similar clarity. As regulatory uncertainty fades, Ripple is poised for global growth, and XRP may emerge as the go-to digital asset for institutions and enterprises alike.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

SAUDI ARABIA ESCHEWS FORMAL BRICS MEMBERSHIP TO AVOID ANTAGONIZING US: REPORT

The nation of Saudi Arabia is reportedly forgoing formal membership in the intercontinental economic alliance BRICS as a means of avoiding antagonizing the US.

According to a new report by Reuters, two anonymous sources familiar with the matter say that Saudi Arabia – which was invited to BRICS in 2023 – is holding off on formally joining the alliance despite joining one of their meetings in Brazil last week and being listed as a member on the group’s website.

The inclusion of Saudi Arabia in BRICS is a diplomatically sensitive issue, and the nation has refrained from formally joining the economic bloc as it did not want to anger the US and President Trump.

BRICS – which officially formed in 2009 – is an alliance between Brazil, Russia, India, China, South Africa and other countries as a means of countering Western economic dominance. In 2024, it expanded to include other nations, such as Iran, Egypt, Ethiopia, and the United Arab Emirates.

Saudi Arabia’s hesitancy to join is due to it being caught between China, its biggest exporter of oil, and the US, its security and technology partner. The US is poised to offer Saudi Arabia a $100 billion arms deal.

Last December, Trump threatened to raise tariffs on all BRICS nations to 100% if the alliance committed to creating a new currency or to another currency that would usurp the US dollar.

As stated by Trump at the time:

“The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch is OVER. We require a commitment from these countries that they will neither create a new BRICS currency, nor back any other currency to replace the mighty US dollar or, they will face 100% tariffs, and should expect to say goodbye to selling into the wonderful US economy.”

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

  3 NON-BRICS NATIONS HAD PLANNED TO LAUNCH OWN CURRENCY, WHAT HAPPENED?  

 Burkina Faso, Mali, and Niger’s Proposed Currency to Replace Dollar and Franc Fizzles Out

• Initial Ambition: In 2023, Burkina Faso, Mali, and Niger announced plans to launch a new regional currency, seeking independence from the US dollar and the French-backed CFA franc—symbols of their colonial past.

• Aims of the Currency: The initiative was positioned as a sovereignty move, part of broader efforts by the military-led Alliance of Sahel States (AES) to assert autonomy following a string of coups.

• No Follow-Through: Nearly a year later, no concrete updates or progress have been reported. Experts now doubt the viability of the project due to:

• Weak domestic currencies

• Limited institutional capacity

• Low international trust or demand for a new currency

• Rhetoric vs. Reality: Analysts argue the proposal was more symbolic than strategic, noting even larger economies like BRICS have struggled to create a rival currency to the dollar.

Implication: The stalled effort underscores how currency independence is a monumental task, requiring more than political will—especially for nations grappling with economic instability and weak global leverage.

@ Newshounds News™
Source:  Watcher Guru 

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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 5-10-25

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US SENATORS CRITICIZE DEMOCRATS FOR ‘PARTISAN POLITICS’ AMID STABLECOINS BILL FAILURE

In a negative development for the U.S. crypto industry, the highly anticipated stablecoins legislation failed to advance in the U.S. Senate after not receiving enough support from Senate Democrats. Several Republican senators have slammed the Democrats for putting “partisan politics above policy.”

Democrats Block Stablecoins Bill

On Thursday, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act failed to pass the cloture vote in the Senate. Only 49 senators voted to advance the bill, falling short of the 60-vote threshold required to end debate.

Notably, two Republican senators also voted against advancing the bill alongside Democrats.

In February, Senator Bill Hagerty introduced the GENIUS Act to create a framework allowing tokens like USDT and USDC to fall under Federal Reserve rules.

The bill, co-sponsored by Senators Tim Scott, Cynthia Lummis, Kirsten Gillibrand, and Angela Alsobrooks, was designed to establish a:

“safe and pro-growth regulatory framework that will unleash innovation and advance the President’s mission to make America the world capital of crypto.”

Despite being considered bipartisan, ten Senate Democrats expressed last-minute concerns on May 3, with four former supporters reversing their positions.

Their objections included:

• Missing AML (Anti-Money Laundering) and national security safeguards

• Ambiguous regulations that could expose crypto markets to abuse

Senator Elizabeth Warren took the strongest stance, urging rejection of the GENIUS Act. On May 4, she claimed the Trump family could benefit from World Liberty Financial’s USD1 stablecoin deal with MGX, a UAE-based firm.

This deal involved a $2 billion investment linked to Binance and WLFI’s stablecoin, which Warren said would “enable this type of corruption.”

US Senators Call Out ‘Political Gamesmanship’

Senator Tim Scott, a co-sponsor of the bill and Chairman of the Senate Banking Committee, denounced the opposition on May 8:

“It should have been a historic day for Americans (...) Instead, we witnessed a disappointing display of political gamesmanship that puts partisan politics above policy, and obstruction above innovation.”

Scott insisted the shift wasn't about the bill’s content, but a political move against President Trump and his legislative goals.

Senator Lummis echoed this on X:

“Make no mistake, digital assets are the future and America must lead the way.”
“It’s important that we continue moving digital asset legislation forward that preserves America’s dollar dominance and makes America the crypto capital of the world.”

Bessent Blasts Missed Opportunity

Treasury Secretary Scott Bessent also weighed in, saying the world needs American leadership for stablecoins and digital assets to thrive.

“Without it, stablecoins will be subject to a patchwork of state regulations instead of a streamlined federal framework.”
“The world is watching while American lawmakers twiddle their thumbs. Senators who voted to stonewall U.S. ingenuity today face a simple choice: Either step up and lead or watch digital asset innovation move offshore.”

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

BLACKROCK, CRYPTO TASK FORCE DISCUSS ETP STAKING, TOKENIZATION

Staking for Ether ETFs has been one of the hot topics in 2025, with Grayscale and Fidelity both filing for rule changes that would allow this staking functionality.

Wall Street giant BlackRock recently met with the SEC’s Crypto Task Force to discuss two key areas:

1. Staking within crypto exchange-traded products (ETPs)

2. Tokenization of securities

These discussions could significantly advance institutional interest in crypto markets.

ETP Staking and SEC Conversations

According to a May 9 memo published by the task force, BlackRock initiated the meeting to:

“[d]iscuss perspectives on treatment of staking, including considerations for facilitating ETPs with staking capabilities.”

BlackRock has emphasized that while Ether ETFs have seen success, they are less effective without staking.

Other ETF issuers echo this sentiment. On Feb. 15, the New York Stock Exchange proposed a rule change to enable staking services for Grayscale’s spot Ether ETFs.

In April, the SEC delayed its decision on this proposal. As it stands, BlackRock and Grayscale remain behind the largest Ether ETFs by market cap, according to Sosovalue.

Proof-of-stake blockchains allow users to lock their tokens to earn yield. If the SEC approves staking for Ether ETFs, this could pave the way for similar requests for altcoins, including Solana ETFs.

Tokenization Also in Focus

In addition to staking, BlackRock addressed the tokenization of securities within the federal securities regulatory framework.

Securities include stocks and bonds—assets where investors expect monetary gain. Tokenization offers several benefits:

• Faster settlement times

• Lower costs vs. traditional finance infrastructure

• 24/7 market access

BlackRock already runs a tokenized U.S. federal debt fund called BUIDL, which is currently the largest of its kind, with a $2.9 billion market cap.

Other players include Franklin Templeton, whose BENJI fund also tokenizes securities.

Robinhood Enters the Game

Meanwhile, brokerage firm Robinhood is exploring tokenization as well. It is reportedly working on a blockchain solution to allow European retail investors to trade U.S. securities such as stocks.

@ Newshounds News™
Source:  CoinTelegraph

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Seeds of Wisdom RV and Economic Updates Saturday Morning 5-10-25

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SEC MOVES TO END RIPPLE CASE AS COMMISSIONER REBELS: $75M RETURNS TO XRP GIANT

The SEC Ripple lawsuit has just reached a pivotal turning point as the Securities and Exchange Commission recently filed a motion seeking court approval for a settlement with Ripple Labs. Under the proposed deal that’s currently being reviewed, Ripple would recover $75 million of the $125 million that was held in escrow, while the SEC would receive the remaining $50 million.

Ripple’s $75M SEC Settlement: What It Means for XRP and Crypto Regulation

The SEC Ripple lawsuit settlement marks what appears to be the potential end to a legal battle that first began back in December 2020. As per the May 8 court filings, both parties have agreed to withdraw their appeals, virtually ending one of the most important and keenly followed cases in crypto regulation news.

Commissioner’s Opposition Reveals SEC Division

Not everyone at the SEC supports the resolution. Commissioner Caroline A. Crenshaw issued a public dissent:

“This settlement is a tremendous disservice to the investing public.”

Crenshaw warned that the SEC Ripple lawsuit settlement could weaken the agency’s enforcement power and negatively impact future XRP price prediction analyses in unexpected ways.

XRP’s Market Struggle During Litigation

The XRP lawsuit impact was immediate and significant when the case began. According to the crypto analyst behind the account All Things XRP:

“It didn’t just slow XRP down — it stole years of growth.”

While Bitcoin and Ethereum surged during the 2021–2023 bull market, XRP stagnated between approximately $0.30–$0.50, missing out on substantial gains and altering many XRP price predictions at the time.

Settlement Terms and Future Implications

The SEC Ripple lawsuit resolution preserves Judge Torres’ 2023 ruling that only institutional XRP sales violated securities laws. This legal distinction remains critical for ongoing crypto regulation news and Ripple’s future operations.

If the $125 million penalty clears the court in the next few days:

• $75 million would be returned to Ripple

• $50 million would remain with the SEC

This result may provide badly needed regulatory clarity and underscore the lasting effects of prolonged litigation on XRP price forecasts and broader digital asset regulation.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

US TREASURY SECRETARY BESSENT LAMBASTS SENATE FOR BLOCKING STABLECOIN BILL, CALLS IT ‘MISSED OPPORTUNITY’ FOR AMERICAN LEADERSHIP

▪️ U.S. senators voted Thursday to halt progress on a stablecoin regulation bill amid escalating tensions over President Donald Trump’s crypto involvement.

▪️ Treasury Secretary Scott Bessent said American leadership is needed for stablecoins and other digital assets to thrive globally, lambasting the Senate’s “missed opportunity.”

U.S. Treasury Secretary Scott Bessent lambasted the Senate's decision on Thursday to halt the progress of the GENIUS Act amid rising tensions over President Trump's increasing crypto involvement and concerns about specific aspects of the proposed stablecoin bill.

"For stablecoins and other digital assets to thrive globally, the world needs American leadership," Bessent posted on X. "The Senate missed an opportunity to provide that leadership today by failing to advance the GENIUS Act."

Secretary Bessent described the bill as a "once-in-a-generation opportunity" to expand dollar dominance and boost U.S. influence in financial innovation. He argued that without such legislation, stablecoins will remain governed by a fragmented set of state rules rather than a unified federal approach that better supports growth and global competitiveness.

"The world is watching while American lawmakers twiddle their thumbs," Bessent said. "Senators who voted to stonewall U.S. ingenuity today face a simple choice: Either step up and lead or watch digital asset innovation move offshore."

A not-so-brilliant delay for the GENIUS Act

The Senate Banking Committee earlier voted to advance the GENIUS Act in March. The bill requires:

• 100% reserve backing with U.S. dollars and similarly liquid assets

• Annual audits

• Prohibits foreign issuance in the country

The Senate voted 49-48 against the bill in its current form on Thursday, with Sens. Josh Hawley (R-Mo.) and Rand Paul (R-Ky.) joining Democrats in opposing the procedural vote.

While the GENIUS Act bill resulted from bipartisan negotiations, Democrats recently raised concerns about unfinished bill text, foreign issuer oversight, and anti-money laundering provisions.

Senator Mark Warner (D-Va.) said he couldn't support legislation that wasn't yet finalized. Senate Majority Leader John Thune (R-S.D.), despite also voting no, said he did so to allow the bill to be reconsidered later, criticizing the Democrats amid multiple revised versions:

"I just have to say, frankly, I just don't get it," Thune said. "I don't know what more they want."

Tensions deepened as Trump’s personal and financial ties to crypto — including memecoin launches, $1.5 million-per-plate crypto fundraisers, and backing DeFi project World Liberty Financial — sparked accusations of conflict of interest ahead of the vote.

Some Democrats, including Rep. Maxine Waters (D-Calif.), also boycotted a crypto-focused House hearing this week, citing the president's direct crypto holdings and influence over agencies. The House Financial Services Committee also recently voted to advance a similar bill, the STABLE Act, with anti-money laundering and reserve requirements.

@ Newshounds News™
Source:  The Block

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Economist’s “News and Views” Friday 5-9-2025

GOLD: The Lifeboat Amid $300 Trillion Debt Crisis, “The Dollar War is Over” | Matthew Piepenburg

Soar financially:  5-9-2025

Is this the final chapter for the U.S. dollar’s dominance? Matthew Piepenburg joins us to break down historic global shifts, surging gold prices, and what he calls the ‘Stalingrad moment’ of the U.S. dollar.

From tariff wars and autocratic rises to BRICS realignment and bond market breakdowns, Piepenburg outlines why everything is pointing to a new global order. Is gold finally vindicated? Is the Titanic sinking? Why aren’t we hearing more about BRICS?

00:00 - “The Dollar’s Stalingrad Moment”

00:36 - Welcome back: Matthew Piepenburg returns

01:00 - Gold was $750 cheaper last time we spoke

 01:30 - 80 years since WWII: Is a global reset underway?

06:00 - The rise of autocrats: Populism or debt desperation?

11:30 - Titanic analogies & government patchwork fixes

 18:00 - Can tariffs save a sinking ship?

26:00 - U.S. debt & bond market revolt—are foreign holders fed up?

37:00 - Bretton Woods 2.0 under Trump?

42:00 - Are BRICS just silent… or planning something massive?

49:00 - Is the gold community finally vindicated?

56:00 - Did gold just break the cartel?

https://www.youtube.com/watch?v=qUjyk2YiLDk

The Fed is Stuck - Get Ready for QE

Heresy Financial:  5-9-2025

TIMECODES

00:00 Market Confusion After FOMC

 00:15 QE is Coming Soon

 00:32 How to Read Fed Statements

01:05 Fed Dismisses GDP Drop

 01:50 Risks of Inflation vs Unemployment

 03:00 Fed Tools and Tradeoffs

04:00 Fed Slowing Balance Sheet Reduction

05:01 QE is Around the Corner

 06:00 Tariffs and Deflation Pressure

07:02 Why the Fed Will Pivot

 07:28 Long-Term Debt Cycle Insight

08:19 Higher for Longer is the New Normal

https://www.youtube.com/watch?v=I6xj_l3XQW8&t=98s

Seeds of Wisdom RV and Economic Updates Friday Afternoon 5-9-25

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THREE NEW U.S. STATE-LEVEL BITCOIN BILLS SIGNED INTO LAW
From New Hampshire to Arizona to Oregon, more proposed Bitcoin legislation has become law in recent days.

This week, three U.S. states have enacted bitcoin-related bills into law.

On Tuesday, New Hampshire became the first state to sign into law a bill that would allow for the creation of a strategic bitcoin reserve (SBR).

On Wednesday, Arizona enacted its second bill related to bitcoin, blockchain, and digital assets.

Also on Wednesday, Oregon’s governor signed a bill into law that updates the state’s commercial code to recognize digital assets such as bitcoin as collateral.

New Hampshire Can Now Establish An SBR
On Tuesday, New Hampshire signed HB302 into law, making it the first state in U.S. history with the legal footing to create an SBR.

The new law enables the state treasurer to invest in digital assets that have a market cap of over $500 billion. (Bitcoin is the only digital asset that currently meets this criteria.)

While the law doesn’t specifically call for the creation of an SBR, it does enable the state’s treasurer to create one.

This historic law was enacted thanks in part to the efforts of Rep. Keith Ammon, the primary sponsor for this bitcoin-related bill.

Arizona Governor Vetoes One Bitcoin Bill But Signs Another
On May 2, Arizona Governor Katie Hobbs vetoed SB1025, which would have enabled the state treasurer and retirement system to invest 10% of their available funds into virtual currencies.

The bill was known as the “Arizona Strategic Bitcoin Reserve Act”.

However, on May 7, Governor Hobbs signed HB2749 into law — a bill that also establishes a state-level digital assets reserve.

HB2749 amends Arizona’s unclaimed financial property statutes to allow the state to claim bitcoin or digital assets that have been abandoned or unclaimed after three years.

This is the second bitcoin-related bill Governor Hobbs has signed in recent weeks — the first being HB2342 on April 18, which protects individuals running blockchain nodes from local restrictions.

New Oregon Law Recognizes Bitcoin As Collateral
On Wednesday, Oregon Governor Tina Kotek signed SB167 into law.

This law updates Oregon’s Uniform Commercial Code (UCC) to:

• Recognize digital assets such as bitcoin as collateral

• Introduce Article 12, which establishes a legal framework for “controllable electronic records,” including cryptocurrencies

This sets the legal groundwork for bitcoin and other digital assets to be used in traditional financial products in Oregon.

Picking Up The Pace
Prior to this week, only three bitcoin-related bills had been signed into law:

• Utah’s HB0230 (signed March 12): Defined and regulated digital assets

• Kentucky’s HB701 (signed March 24): Offered protections for individuals and businesses engaging with digital assets

• Arizona’s HB2342 (discussed above)

If this week is any indication, more Bitcoin legislation may be codified into law in the near future.

@ Newshounds News™
Source:  Bitcoin Magazine

~~~~~~~~~

BRICS: ASIA COULD DUMP $2.5 TRILLION WORTH OF US DOLLAR CURRENCY

The US dollar may face a huge crisis from BRICS and other Asian currencies, as Stephen Jen, CEO of Eurizon SLJ Capital, revealed to Bloomberg that an “avalanche” of USD selling worth $2.5 trillion could come from Asian countries.

He explained that Asian exporters and investors have stockpiled a massive amount of USD over the years, which could soon be dumped as the greenback weakens against local currencies in 2025.

The Bloomberg currency index shows that the USD is down 8% since February, while local currencies are outperforming the global reserve currency.

This trend gives the BRICS alliance more momentum to push the de-dollarization agenda, as $2.5 trillion worth of USD now hangs on a thread.

“We suspect these dollar hoardings by Asian exporters and institutional investors may be extremely large. Possibly on the order of $2.5 trillion or so. And pose sharp downside risks to the dollar vis-à-vis these Asian currencies,”
– Jen and Joana Freire

BRICS: US Dollar Faces a Threat of $2.5 Trillion Sell-off

BRICS and other developing nations are now economically strong enough to offload their US dollar reserves.

There is a growing belief in an “important imbalance in the world” that puts the US dollar in a vulnerable position, said Jen.

The long-term appeal of the USD is fading, as local currencies offer advantages like:

• No excessive debt burdens

• Mutual GDP strengthening when used for trade

The dollar’s dominance is shrinking globally.

De-Dollarization Expands Beyond BRICS

Beyond BRICS, de-dollarization is also accelerating in countries such as:

• Taiwan

• Malaysia

• Vietnam

In these regions, the US dollar is becoming secondary in trade and investment.

Jen further noted that Asian nations have external surpluses, which allow them to hedge against USD fluctuations with more flexibility.

“The American economy is at the crossroads of a global paradigm shift where its power is on the decline.”

@ Newshounds News™
Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Friday Morning 5-9-25

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GENIUS Stablecoin Bill Fails Initial Senate Vote Amid Partisan Tensions

▪️The GENIUS Act, aimed at regulating stablecoins, failed its first cloture vote in the Senate with a 49-48 tally; Senator Thune changed his vote to "no" to allow future reconsideration.

▪️Democrat Senators, joined by Republicans Hawley and Paul, blocked the motion, citing the need for more time to educate lawmakers and improve the bill’s language.

▪️Senator Ruben Gallego acknowledged bipartisan progress on the bill and called for a delay until Monday, but the request was blocked—likely by Senator Warren.

▪️Concerns over Trump's crypto ties, including a $2B transaction involving the Trump family stablecoin USD1 and a UAE firm, have increased Democrat resistance.

▪️Senator Thune accused Democrats of obstruction, saying the bill had already undergone six revisions and bipartisan committee support.

@ Newshounds News™
Source:  Ledger Insights

~~~~~~~~~

SEC Commissioner Peirce Proposes Flexible Framework for Tokenized Securities

▪️ SEC Commissioner Hester Peirce unveiled a proposal for a regulatory exemption framework to test tokenized securities, aiming to balance innovation with investor protection.

▪️ The proposed framework would create a sandbox-like environment, allowing firms to issue, trade, and settle tokenized assets using blockchain under controlled conditions.

▪️ Conditions include anti-fraud compliance, detailed disclosures (including smart contract risks), financial safeguards, SEC oversight, and trading volume limits.

▪️ Peirce emphasized the need for scalable, sensible regulation to reverse the 20-year decline in public listings and ensure the U.S. remains competitive in capital markets.

▪️ The initiative, inspired by global regulatory sandboxes, seeks feedback and could evolve with the maturity of tokenized markets.

@ Newshounds News™
Source:  Bitcoin News

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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 5-8-25

Good Evening Dinar Recaps,

MISSOURI BILL ENDING CAPITAL GAINS TAX HEADS TO GOVERNOR FOR SIGNATURE

Missouri will become the first US state to eliminate the levy if Governor Mike Kehoe signs the bill into law.

Missouri House Bill 594, a bill that would eliminate capital gains tax in the state, has passed a vote in the House of Representatives and now heads to the governor’s desk.

According to attorney Aaron Brogan, the bill stipulates a 100% income tax deduction for any capital gains income because Missouri’s tax code does not explicitly distinguish between capital gains and income tax.

Brogan compared the bill’s structure to the federal SALT deduction, but called it “the inverse, which I have never seen before.”

The bill’s timing is notable as it follows proposals from President Donald Trump to overhaul the federal income tax system through comprehensive reform.

Trump proposes eliminating federal income tax in the United States

Trump has proposed offsetting or eliminating federal income tax, replacing it with revenue from import tariffs.

“When Tariffs cut in, many people’s income taxes will be substantially reduced, maybe even completely eliminated… The focus will be on people making less than $200,000 a year,” Trump wrote on April 27 via Truth Social.

He added this would incentivize factory jobs to return to the US by avoiding import duties on finished products.

However, market reaction has been overwhelmingly negative:

• Stock markets lost trillions following tariff announcements.

• Crypto markets shed hundreds of billions in value.

• Bond yields spiked, signaling investor flight from US debt.

@ Newshounds News™
Source:  CoinTelegraph

~~~~~~~~~

COINBASE ACQUIRES CRYPTO DERIVATIVES EXCHANGE DERIBIT FOR $2.9 BILLION

Today Coinbase confirmed it has agreed to acquire Deribit, the largest crypto options exchange, for $2.9 billion, including $700 million in cash with the balance in stock.

Deribit may not be the number one overall in crypto derivatives, but it is the world leader in crypto options. It currently has more than $30 billion in open interest. Coinbase already has a derivatives subsidiary, which is particularly active in perpetual futures, so Deribit complements this well. The acquirer claims the combination will make it the derivatives market leader.

“We’re excited to join forces with Coinbase to power a new era in global crypto derivatives,” said Deribit CEO Luuk Strijers. “As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options – all under one trusted brand.”

Beyond market position, Coinbase highlighted financial benefits, noting that Deribit will help to even out its earnings by diversifying revenue streams because options earnings are less cyclical compared to spot.

Deribit was founded in the Netherlands but operated out of Panama for several years, before moving recently to Dubai. A key driver was to provide regulatory certainty to its institutional clients, which make up 80–90% of its client base.

The transaction is expected to close by the end of the year, subject to regulatory approvals.

@ Newshounds News™
Source:  Ledger Insights

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Gold Can be Used to Rebalance the Global Economy Without a World War

Luke Gromen: Gold Can be Used to Rebalance the Global Economy Without a World War

Palisades Gold Radio:  5-8-2025

Tom welcomes back Luke Gromen of Forest For The Trees back to the show. The discussion delves into complex economic and geopolitical dynamics, focusing on how global powers might navigate a transition away from the dollar-based system towards a neutral reserve asset like gold.

He begins by highlighting that the current dollar-centric system is unsustainable due to high deficits and debt levels. A potential solution, he suggests, involves using gold as a neutral reserve asset, which would allow commodities to be priced in multiple currencies and facilitate trade settlements.

This shift could create a more balanced and resilient global economic framework.

Moving on to geopolitical implications, Gromen notes that the conflict in Ukraine has underscored the limitations of conventional military strategies, shifting the balance of power dynamics. He points out that countries like Russia and China are driving efforts to move away from the dollar system, which necessitates a new economic framework.

This transition is not just an economic shift but also a significant geopolitical realignment. Luke emphasizes the importance of incentives for avoiding direct military confrontation with major powers.

He explains that such conflicts are strategically unwise due to nuclear deterrence and the deep interdependence of economies. Instead, he argues that negotiating a new economic order aligns with long-term strategic interests and avoids the catastrophic consequences of war.

 Drawing on historical context, Mr. Gromen observes that the post-World War II debt-based economy is nearing its limits, making it imperative to return to a more sustainable model.

He suggests that transitioning to gold as a reserve asset could reboot global economies, fostering stability and growth without resorting to conflict.

This approach not only addresses current economic challenges but also positions nations for future prosperity.

Time Stamp References:

0:00 - Introduction

0:55 - Tariffs & China's Response

 5:52 - Trade Disruption & Inflation

 8:26 - Inflation & Real Rates

10:35 - Bessent Put & Move Index

12:26 - Treasury Auction Thoughts

16:45 - W. Buffett Cash Reserve

22:14 - Inv. Funds and Mandates

23:53 - News Cycle/Gold Theory

31:00 - Chinese Fin. Officials

 34:46 - Large U.S. Gold Imports

40:48 - Official Denial/Confirm

44:44 - Revaluing Gold Reserves

48:28 - Gold Backed Treasuries?

51:49 - Gold Pricing Cui Bono

54:17 - Oil/Dollar Scenarios

1:02:03 - Russia/Saudi & Oil Mkts.

1:03:39 - Economics & Derisk. Conflict

1:14:53 - Incentives & Ukraine

1:17:17 - End of Debt as Assets Era

1:21:30 - Wrap Up

https://www.youtube.com/watch?v=VIi-pSLBFhI

Seeds of Wisdom RV and Economic Updates Thursday Morning 5-8-25

Good Morning Dinar Recaps,

PAYMENTS GIANT VISA INVESTS IN STABLECOIN INFRASTRUCTURE FIRM BVNK IN US MARKET EXPANSION

Credit card giant Visa is investing in the stablecoin payments network BVNK as a way to upgrade its business-to-business (B2B) transaction infrastructure.

In a new company blog post, BVNK CEO and co-founder Jesse Hemson-Struthers revealed that Visa is making an undisclosed investment into the firm to help automate and streamline global stablecoin payments between businesses.

“At BVNK, we recognized early that stablecoins would emerge as an instant global payment rail and a viable alternative to the traditional correspondent banking system.

That’s why we’ve built our infrastructure from the ground up to automate and orchestrate stablecoin payments at scale, making these new rails accessible to businesses of all sizes.”

According to Hemson-Struthers, partnering with Visa, which he calls the:

“original payments innovator,”

will fundamentally change how businesses operate digitally and assist the UK-based BVNK in its expansion into the US.

“What makes me proudest is seeing the real-world impact of our technology.

We’re currently processing $12 billion in annualized stablecoin payment volumes, enabling our customers to move money globally with unprecedented speed and efficiency. The momentum continues with our expansion into the US market this year.”

Rubail Birwadker, head of growth products and partnerships at Visa, added:

“Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners.”

In December, BVNK closed a $50 million Series B fundraising round, with participation from major venture capital firms including Coinbase Ventures.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

BRICS: ONLY 33% OF TRADE SETTLED IN US DOLLARS

Russia’s Foreign Minister Sergey Lavrov confirmed that BRICS members have settled 67% of trade in local currencies, with only 33% of deals paid in US dollars. The significant gap highlights the seriousness of the de-dollarization agenda, suggesting that the motive to topple the greenback is gaining traction.

"National currencies already account for more than 65% within the framework of trade among BRICS members," said Lavrov.
"The dollar’s share declined to one-third against such a background," he told Tass.

BRICS members have executed roughly 67% of cross-border trade for goods and commerce in local currencies, while US dollar payments make up just 33%. De-dollarization is becoming a serious global concern, and critics warn that ignoring this trend could harm the US economy in the long run.

Developing countries are now more economically empowered than in previous decades, boasting:

• Robust and growing GDPs

• Expanding manufacturing bases

• Leverage over Brent Crude oil

• Greater influence in global markets

Additionally, many of their local currencies are outperforming the US dollar, compounding pressure on the greenback.

The BRICS alliance is gaining power and may seriously challenge the US dollar by the end of the next decade.

BRICS: US Dollar Usage in Trade Transactions Only 33%

If more countries adopt the de-dollarization movement led by BRICS, the US dollar—and broader economy—could face severe challenges. BRICS expansion is particularly concerning, as newer member countries bring additional strength to local currency systems.

The next 15 years may be pivotal: either the dollar reasserts its dominance, or it risks being overtaken by a rising wave of emerging economies.

@ Newshounds News™

Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Wednesday Evening 5-7-25

 Good Evening Dinar Recaps,

FED HOLDS RATES STEADY AS IT NOTES RISING UNCERTAINTY AND STAGFLATION RISK

• The Federal Reserve held its key interest rate unchanged in a range between 4.25%-4.5%, where it has been since December.

• The post-meeting statement noted the recent market volatility and how that is factoring into the central bank’s policy decisions.

• “Uncertainty about the economic outlook has increased further,” the statement said.

WASHINGTON — The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy.

In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market Committee (FOMC) held its benchmark overnight borrowing rate in a range between 4.25%-4.5%, where it has been since December.

The post-meeting statement noted the volatility and how that is factoring into policy decisions.

"Uncertainty about the economic outlook has increased further."
"The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen."

While the statement did not specifically address the tariffs, Chair Jerome Powell addressed the issue at his post-meeting news conference.

Stocks briefly ceded some gains after the rate announcement but mostly recovered, with the Dow Jones Industrial Average up nearly 300 points despite some worries over the Fed’s characterization of the economic risks.

“The May FOMC statement in effect warns that a large trade shock is still set to hit the economy in spite of efforts by the Trump administration to deescalate..."
— Krishna Guha, Head of Global Policy and Central Bank Strategy at Evercore ISI

“...with the Fed seeing the risks ahead as two-sided and not providing any early dovish lean in favor of a June rate cut.”
“The net implications for risk assets are negative.”

A possible stagflationary scenario

Finding the balance between the two elements of the Fed’s so-called dual mandate of full employment and stable prices has become more difficult amid President Donald Trump’s tariff push.

In noting that tariffs threaten to aggravate inflation as well as slow economic growth, the statement raises the possibility of a stagflationary scenario largely absent from the U.S. since the early 1980s.

Policymakers have largely agreed that the central bank is in a good position, with the economy generally holding up, to be patient as it calibrates monetary policy.

Powell emphasized this during the press conference:

“The economy itself is still in solid shape.”

Trade Talks in Focus

The Fed’s deliberations come as the White House is locked in negotiations with top U.S. trading partners during a 90-day negotiating period that began in early April. Trump slapped 10% across-the-board tariffs on U.S. imports and threatened other “reciprocal” duties pending ongoing talks.

As near-daily headlines gauge the trade war, the economy has been flashing conflicting signals on growth, inflation, and consumer and business sentiment.

• Gross domestic product (GDP) fell 0.3% in the first quarter

• Slower consumer and government spending and a surge in imports ahead of tariffs

• Most economists expect a return to positive growth in Q2

The FOMC noted that “swings in net exports have affected the data,” while maintaining its view that the economy “has continued to expand at a solid pace.”

Indeed, job growth has held up despite Trump’s efforts to pare down the federal workforce:

• Nonfarm payrolls increased by 177,000 in April

• Unemployment rate held at 4.2%

• Inflation is approaching the Fed’s 2% target

However, tariffs are expected to lead to at least a one-time rise in prices. Trump has urged the Fed to cut rates as inflation has eased. The Fed’s preferred inflation gauge showed:

• Headline inflation at 2.3%

• Core inflation (excluding food and energy) at 2.6%

As with all aspects of the economy, it all depends on what happens with tariffs.

Market Reactions & Outlook

Recent signs of progress in negotiations and some softening from the administration helped reverse a major stock market sell-off after the April 2 “liberation day” announcement from Trump.

However, business surveys continue to show high anxiety—most managers report concerns about supplies and pricing from the tariffs.

Market pricing regarding Fed action has been volatile:

• Heading into the meeting:

• Virtually no chance of a rate cut this week

• <30% probability of a June move

• Next cut expected in July

• Three cuts priced in for the year

The committee’s decision to hold the benchmark rate steady was unanimous.

The federal funds rate, used by banks for overnight lending, also affects mortgages, auto loans, and credit cards.

@ Newshounds News™
Source:  CNBC

~~~~~~~~~

US TREASURY SECRETARY EXPRESSES SUPPORT FOR CRYPTO BILLS AT HEARING

Scott Bessent suggested support for the stablecoin and market structure bills being considered in Congress in response to a question about China.

Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.

Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the:

“premier destination for digital assets”

in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary added that:

“good market structure” and “stablecoin legislation” could help ensure this outcome.

Bessent’s remarks echoed those of other Republican lawmakers and President Donald Trump, who initially claimed he wanted to make the US the:

“crypto capital of the world”

during his 2024 campaign. The Treasury Secretary was likely referring to:

• the draft of a digital asset market structure bill released by House Republicans on May 6

• the GENIUS bill to regulate stablecoins, expected to be taken up for a Senate vote on May 8

The Treasury Secretary, a Trump nominee, has supported the president on key crypto policy actions, including:

• an executive order to establish a sovereign wealth fund

• participation in a working group exploring federal stablecoin regulations and a national crypto stockpile

He also stated during a confirmation hearing that he would oppose the creation of a US central bank digital currency while in office.

Democrats Push Back on Crypto Bills Amid Memecoin Dinner Controversy

Even before Trump announced plans to hold an exclusive dinner and VIP tour for top memecoin holders, he faced scrutiny over alleged conflicts of interest tied to his crypto ventures.

The dinner announcement seemed to galvanize Democrats against any crypto-related legislation.

Representative Maxine Waters, ranking member of the House Financial Services Committee, led a walkout of the May 6 hearing on the Republican-drafted market structure bill, citing the need to explore:

“Trump’s crypto corruption”

Additionally, nine Senate Democrats stated they will not support the GENIUS stablecoin bill in its current form, demanding:

• stronger Anti-Money Laundering protections

• tougher oversight on foreign issuers

• improved national security safeguards

It remains unclear whether Republicans, who control both chambers of Congress, will have enough votes to pass either bill.

@ Newshounds News™
Source:  CoinTelegraph

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Gold is Signaling a Financial Reset is Upon Us

Chris Vermeulen: Gold is Signaling a Financial Reset is Upon Us

Palisades Gold Radio:  5-7-2025

Tom welcomes back Chris Vermeulen, the founder of The Technical Traders, to discuss the highly volatile year of 2025 so far. He notes that volatility has been extreme across various asset classes, driven by factors like geopolitical tensions, AI advancements, and fears of an impending recession.

Vermeulen emphasized that while day traders thrive in such environments due to significant intraday swings, swing traders face increased risks with massive price gaps.

Long-term investors should prioritize capital preservation by moving to cash until market clarity emerges, as he believes a bear market has already begun. He warned against the "buy the dip" mentality, especially for those nearing retirement, cautioning that this approach could lead to significant losses in a prolonged bear market.

Vermeulen points out key indicators of an impending financial reset, including economic data showing hiring declines and rising unemployment, as well as housing market corrections with inventories soaring.

Gold was discussed as a safe haven asset, though Vermeulen cautioned about potential pullbacks. He suggested that gold miners could offer better opportunities once the market stabilizes.

Seasonality plays a role in his analysis, noting that stock markets typically struggle post-May, aligning with his bearish outlook. Real estate was also addressed, with Vermeulen predicting price drops of 15-20% and warning about the broader economic impact as housing values decline.

He highlighted the psychological effect on investors when their largest asset depreciates, potentially leading to panic selling across markets. The U.S. dollar's potential strength was discussed, with Vermeulen suggesting it could rally in a risk-off environment.

Time Stamp References:

0:00 - Introduction

0:52 - Market Volatility & Trading

4:58 - Markets in Topping Stage

8:30 - Cliff Phase Indicators

15:22 - Downside Targets Gold

18:50 - Expectations for Miners?

23:18 - Seasonality in 2025?

26:00 - Silver Markets & Risk?

28:57 - Bitcoin Decoupling

31:45 - Real Estate & Nest Eggs

34:30 - Google Search Trends

42:08 - Dollar Thoughts

48:49 - Mkt Resets & Wrap Up

https://www.youtube.com/watch?v=sAwT9paC1-4

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 5-7-25

Good Afternoon Dinar Recaps,

REP. TORRES TO INTRODUCE BILL BANNING TRUMP, LAWMAKERS FROM CASHING IN ON MEMECOINS AND STABLECOINS

• The bill, called the Stop Presidential Profiteering from Digital Assets Act, would make it unlawful for someone to create, issue or promote a digital asset that “uses the name, likeness, image, or other recognizable traits of a covered individual.”

• Some Democrats have aired major concerns over Trump’s involvement in crypto, which has created tension as they and their Republican counterparts work on legislation to regulate digital assets.

Rep. Ritchie Torres, D-N.Y., plans to introduce legislation that would block President Donald Trump, future presidents, and members of Congress from "profiteering" on memecoins and stablecoins.

The bill, called the Stop Presidential Profiteering from Digital Assets Act, would make it unlawful for someone to create, issue or promote a digital asset that

"uses the name, likeness, image, or other recognizable traits of a covered individual," 

in a message sent by Benny Stanislawski, a spokesman for Rep. Torres, to The Block.

The legislation defines a “covered individual” as a current or former U.S. president, vice president, member of Congress, or any presidentially appointed and Senate-confirmed federal official, along with their immediate family members.

The move comes amid growing criticism among Democrats about Trump’s involvement in crypto, which has created tension as they and their Republican counterparts work on digital asset regulation.

Since late 2024, Trump and his family have embraced digital assets, launching their own memecoins shortly before his 2025 inauguration. His affiliated venture, World Liberty Financial, recently launched its own stablecoin. 

Trump also hosted a crypto-themed fundraiser Monday night for the MAGA Inc. super PAC, and is hosting a gala later this month for the top 220 owners of his memecoin.

On Tuesday, Sen. Richard Blumenthal, D-Conn., sent letters to World Liberty Financial and Fight Fight Fight LLC, the company behind Trump's memecoin, to investigate potential conflicts of interest related to Trump's crypto activities.

Torres has shown support for crypto. In March, he and Republican House Majority Whip Tom Emmer created the "Congressional Crypto Caucus" aimed at advancing bills in Washington. Torres also pushed back on the U.S. Securities and Exchange Commission's approach to regulating crypto last year.

@ Newshounds News™
Source:  The Block

TRUMP FACES SENATE SUBCOMMITTEE INQUIRY OVER 'CRYPTO CORRUPTION'

Opposition lawmakers continue to criticize the president’s crypto ambitions.

• Democratic Senator Richard Blumenthal has opened an investigation into President Trump's crypto businesses.

• Blumenthal has alleged that the launch of the Trump meme coin is unethical.

• President Trump has a number of digital asset ventures that draw ire from Democrats.

Democratic senator Richard Blumenthal is investigating how President Donald Trump's crypto business ventures are potentially violating federal laws.

U.S. Senator Richard Blumenthal said Tuesday that President Trump's meme coin launch and other crypto industry ventures represent

"an unprecedented, pay-to-play scheme to provide access to the Presidency to the highest bidder."

Blumenthal announced that the Senate Permanent Subcommittee on Investigations would be opening a preliminary inquiry into the launch of the president's cryptocurrency, Official Trump, along with DeFi platform World Liberty Financial and the president's other digital asset interests.

"Chillingly, TRUMP allows, and even invites, anyone in the world, including foreign governments and unscrupulous individuals, to directly enrich the president, while hiding potential payoffs in the pseudonymity of the blockchain," Blumenthal said in his announcement, quoting a letter he wrote to the developer of the Official Trump cryptocurrency, Bill Zanker.

The new commander-in-chief ahead of his January inauguration launched a Solana-based meme coin called Official Trump—which trades as TRUMP—and it quickly soared in value before crashing. It's now down 85% from its peak price.

Democrats have alleged that the new commander in chief has profited from the virtual coin's launch, but the president has denied this and avoided questions on the matter.

The president is also associated with an Ethereum-based decentralized finance project, World Liberty Financial. Trump's sons, Eric and Donald Jr., first announced the project last year, and the then-Republican nominee promoted the project on social media ahead of his election win.

Decrypt in March reported that the president and his associates had pocketed around $390 million in revenue from promoting World Liberty Financial.

In April, President Trump also announced a private dinner later this month at his Washington-area golf club for the top 220 holders of his meme coin, plus a private reception and a White House tour for other investors.

The announcements have drawn ire from Democratic lawmakers, who claim that promoting the meme coin is corrupt. House Democrats walked out of a hearing Tuesday about impending crypto industry legislation, due to complaints over Trump's perceived crypto conflicts.

President Trump campaigned ahead of his November win to help the digital asset industry and received backing from crypto entrepreneurs and Silicon Valley hotshots and members of the "PayPal mafia", including current White House AI and crypto czar David Sacks and Tesla CEO Elon Musk.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

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