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News, Rumors and Opinions Saturday 5-17-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 17 May 2025
Compiled Sat. 17 May 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 14 May 2025 What to Expect Next – This Week’s Timeline: Many of you are asking what comes next. Barring any unforeseen delays, here’s a general sequence anticipated in the coming days. …Nesara Gesara QFS on Telegram
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 17 May 2025
Compiled Sat. 17 May 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 14 May 2025 What to Expect Next – This Week’s Timeline: Many of you are asking what comes next. Barring any unforeseen delays, here’s a general sequence anticipated in the coming days. …Nesara Gesara QFS on Telegram
1. Final Briefings & Tests (Early Week): In the first part of this week, last-minute system tests and briefings have been underway behind closed doors. Technical teams and military alliance members are making sure everything is 100% prepared. Quiet confirmations have been flowing in, signaling that “all systems are go.”
2. Initial Public Alerts (Mid-Week): By mid-week, we expect the first public confirmations to start surfacing. This could include subtle announcements or emergency test messages that prepare the way for broader disclosures. Keep an eye out for any unusual “breaking news” or official statements. The aim here is to get the word out gently without causing panic, while bypassing the main stream media blackout.
3. Major Disclosures Begin (Late Week): Toward the end of the week, coordinated public disclosures are likely to kick off. We anticipate a series of global announcements revealing the activation of NESARA/GESARA reforms and the launch of the QFS to the world.
This might involve the Emergency Broadcast System or special televised briefings so that everyone, everywhere, hears the truth. Expect clarity on debt forgiveness, new currencies, and the restored freedoms that come with this shift. The main stream media won’t be able to stay quiet at this point – the news will be simply too big.
4. QFS Access & Rollout (Weekend & Beyond): Once the announcements are made, the Quantum Financial System goes live for the public. You’ll receive official guidance on accessing your QFS wallet and any exchange/redemption appointments if applicable. Funds from global prosperity programs may start to be distributed in phases. Simultaneously, NESARA provisions (like relief from certain debts and taxes) will quietly begin implementation. Life-changing blessings will roll out step by step, in a controlled manner, to ensure a smooth and joyous transition for all.
Each stage of this process will bring more confirmations out in the open. Every day, new proof of this grand plan is emerging – whether through insider leaks, minor news reports, or your own personal experiences (many are already noticing things like odd bank quirks or hints of financial changes). Stay alert but calm as events unfold. I will continue updating you with verified information as I receive it.
Remember, we are on the threshold of an amazing new world. Stay unified, positive, and prepared. More confirmations are coming, and with each passing day, the vision of GESARA becomes less theory and more reality. We’ve got this, together!
Thurs. 15 May 2025 Bruce The Big Call: Notification to Bond Holders and Tier4b (us, the Internet Group) was supposed to happen over the weekend with exchange appointments beginning next week. DOGE checks & increases in Social Security payments should come this month of May. R&R payments will be in our accounts at the Redemption Center.
Read full post here: https://dinarchronicles.com/2025/05/17/restored-republic-via-a-gcr-update-as-of-may-17-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 If they decide to release at 1 to 1, it's instant as quick as light because it's just a button that every bank, every exchange center, everybody gets the new rate to be on par with everybody else.
Mnt Goat Perhaps the best word to describe the news for today is “climax”. Having the privilege of holding the Arab Summit in Iraq alone shows prestige and honors from the Arab community. This climax is in part from all the reforms necessary to satisfy their plan laid out in the White Paper implementing the Pillars of Financial Reform. All this investment money pouring into the U.S. and Iraq from the U.S. is nothing but amazing. Remember I always asked the question as to when will the U.S. finally step up and realize the investment potential in Iraq. Well…now is the time under President Trump.
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SILVER ALERT! COMEX Riggers Struggle to Find Physical Silver to Deliver Against Shorts!!
(Bix Weir) 5-16-2025
Looks like we will have ANOTHER 80Moz+ delivery month when all is said and done for the COMEX May Silver delivery month! That's twice in 3 months with another huge month in the works for June!! WHERE WILL THEY GET THE PHYSICAL SILVER TO COVER SHORTS?!
Seeds of Wisdom RV and Economic Updates Saturday Morning 5-17-25
Good Morning Dinar Recaps,
Article: Europe’s MiCA Law Is in Motion — But Can the Crypto Industry Keep Up?
• MiCA enters a critical implementation phase across the European Union.
• Stablecoin rules spark industry shake-up, with Tether refusing to comply.
• BitGo steps in with MiCA-compliant licensing in Germany.
The European Union’s Markets in Crypto-Assets regulation — better known as MiCA — is now in its critical implementation phase. Designed to harmonize crypto regulation across all 27 EU member states, MiCA aims to bring clarity, consumer protection, and long-term market stability. But as implementation begins, challenges are already surfacing.
Good Morning Dinar Recaps,
Article: Europe’s MiCA Law Is in Motion — But Can the Crypto Industry Keep Up?
• MiCA enters a critical implementation phase across the European Union.
• Stablecoin rules spark industry shake-up, with Tether refusing to comply.
• BitGo steps in with MiCA-compliant licensing in Germany.
The European Union’s Markets in Crypto-Assets regulation — better known as MiCA — is now in its critical implementation phase. Designed to harmonize crypto regulation across all 27 EU member states, MiCA aims to bring clarity, consumer protection, and long-term market stability. But as implementation begins, challenges are already surfacing.
This week’s Byte-Sized Insight episode explores MiCA’s newly active provisions, focusing particularly on stablecoins, and why some of the industry's largest players are pushing back.
As of January 2025, crypto asset service providers (CASPs) have begun acquiring licenses to legally operate within the EU. A transitional or “grandfathering” period grants existing firms up to 18 months (depending on the member state) to comply. However, with regulatory deadlines looming, firms must act swiftly.
Stablecoins Under Fire
One of MiCA’s earliest — and most controversial — provisions focuses on stablecoins.
Under the regulation, no stablecoin may be offered to EU users unless the issuer is authorized within the EU and publishes a white paper approved by regulators.
Additional requirements include:
• Strict reserve asset mandates
• Robust governance structures
• Conflict of interest policies
• Tight marketing rules
• A ban on offering interest-bearing tokens
This puts the world’s most-used stablecoin — Tether’s USD₮ — at odds with MiCA.
Tether has publicly announced that it will not seek MiCA compliance, which could force exchanges to delist it across the EU.
💬 Tether CEO Paolo Ardoino told Cointelegraph’s Gareth Jenkinson at Token2049:
“The reason is not, uh, fear of regulations, fear of compliance… The problem that I had with, um, with MiCA is that [the] license is very dangerous when it comes to stablecoins and I believe that it's even more dangerous for the small medium banking system in Europe.”
Compliance Players Step In
While some resist, others are embracing the new landscape.
BitGo, a major crypto custody firm, has obtained a MiCA-compliant license in Germany.
This positions BitGo to serve institutional players throughout the EU.
💬 Brett Reeves, Head of Go Network and European Sales at BitGo, shared:
“We found that both BaFin and the European regulators have been relatively straightforward to deal with. Sometimes they have difficult questions, but they're there to make sure that our processes are in place and up to scratch.”
Industry voices are also calling for clarity at the national level.
Erwin Voloder, Head of Policy at the European Blockchain Association, emphasized the importance of consistent interpretation and guidance from EU regulators.
Without it, there's a risk of fragmented enforcement and uncertainty for market participants.
MiCA marks a turning point for crypto regulation in Europe — but its success hinges on how well the industry adapts and how effectively regulators coordinate implementation.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
Article: XRP News Today – Bank of France Officially Testing Ripple’s Ledger for Digital Euro
• Bank of France is officially testing Ripple’s private ledger for a Euro-based CBDC.
• Marks the first confirmed trial of Ripple’s blockchain for a national digital currency in France.
• Could give Ripple a first-mover advantage in the EU’s digital finance future.
A new academic study from Ulster University reveals that the Bank of France is actively testing Ripple’s private ledger as the underlying blockchain for a potential Central Bank Digital Currency (CBDC) based on the euro.
💬 The update was shared by crypto analyst @WrathofKahneman on X (formerly Twitter), highlighting what may be the first confirmed government trial of Ripple’s ledger for a European national digital currency.
Ripple’s Private Blockchain Gets a Seat at the Table
According to the academic findings, the Bank of France is currently conducting live tests on Ripple’s enterprise-grade private ledger.
This development significantly strengthens Ripple’s reputation as a top-tier blockchain infrastructure provider for national-level digital currencies.
France’s involvement is particularly notable due to its leadership role within the European Union, adding weight to any potential adoption discussions surrounding the digital euro.
Why This Trial Is a Major Milestone
🔹 Institutional Validation:
The Bank of France trial signals that Ripple’s blockchain is gaining serious institutional trust, despite past regulatory scrutiny in the United States.
🔹 EU-Wide Implications:
If successful, this test could pave the way for Ripple’s technology to be considered for EU-wide digital euro initiatives.
🔹 Tech Over Token:
The trial emphasizes Ripple’s value as a blockchain infrastructure provider, not just a cryptocurrency issuer.
🔹 First-Mover Advantage:
Ripple’s ready-to-deploy ledger gives it a potential edge over competitors still developing their CBDC platforms.
The Bigger Picture: Ripple in the Global CBDC Race
Countries like China are already moving aggressively on CBDC development. Europe, by contrast, risks falling behind — unless it can adopt a scalable, secure solution quickly.
Ripple’s blockchain is uniquely positioned to fill this gap, offering speed, compliance, and reliability.
Why This Matters
Ripple’s entry into CBDC trials in France may mark the start of a much broader shift. As central banks globally search for trusted partners to usher in the next generation of money, Ripple is clearly positioning itself as a frontrunner in the digital financial revolution.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
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Will Trump Return To A Gold Standard? | John Rubino
Will Trump Return To A Gold Standard? | John Rubino
Liberty and Finance: 5-16-2025
John Rubino highlighted how Donald Trump’s second term is shaping up very differently from his first, with Trump now cutting major international deals and gaining political momentum, particularly in the Middle East.
Rubino praised Trump’s bold geopolitical moves, suggesting that his direct, transactional style is helping stabilize global trade tensions, despite lingering economic risks.
He pointed out that Trump’s aggressive approach could even extend to monetary reform, speculating that a return to the gold standard isn’t out of the question.
Will Trump Return To A Gold Standard? | John Rubino
Liberty and Finance: 5-16-2025
John Rubino highlighted how Donald Trump’s second term is shaping up very differently from his first, with Trump now cutting major international deals and gaining political momentum, particularly in the Middle East.
Rubino praised Trump’s bold geopolitical moves, suggesting that his direct, transactional style is helping stabilize global trade tensions, despite lingering economic risks.
He pointed out that Trump’s aggressive approach could even extend to monetary reform, speculating that a return to the gold standard isn’t out of the question.
On gold, Rubino noted its surprising strength in breaking past $3,000 without major resistance, attributing this to institutional buying and a growing distrust in fiat currencies.
He advised that while short-term corrections are likely, the long-term trajectory for gold remains bullish due to systemic financial instability and the inevitable devaluation of global currencies.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Trump's deal making
10:45 Gold market
21:00 Artificial Intelligence
30:10 Preparedness & health
Seeds of Wisdom RV and Economic Updates Friday Afternoon 5-16-25
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🏛️ US SENATE WILL PASS STABLECOIN BILL — DIGITAL CHAMBER CHIEF
The GENIUS Act's failure to move to a full vote is “a bump in the road,” and it will pass “in the next few weeks,” says Cody Carbone, CEO of the Washington, DC-based advocacy group Digital Chamber.
The stalling of key stablecoin legislation in the United States Senate was only a minor setback, and the bill is expected to pass soon, according to Cody Carbone, CEO of the Digital Chamber, a blockchain trade association and advocacy group based in Washington, DC.
Good Afternoon Dinar Recaps,
🏛️ US SENATE WILL PASS STABLECOIN BILL — DIGITAL CHAMBER CHIEF
The GENIUS Act's failure to move to a full vote is “a bump in the road,” and it will pass “in the next few weeks,” says Cody Carbone, CEO of the Washington, DC-based advocacy group Digital Chamber.
The stalling of key stablecoin legislation in the United States Senate was only a minor setback, and the bill is expected to pass soon, according to Cody Carbone, CEO of the Digital Chamber, a blockchain trade association and advocacy group based in Washington, DC.
Speaking to Cointelegraph at Consensus 2025, Carbone said it is in the best interest of the U.S. to enact comprehensive stablecoin regulations in order to protect U.S. dollar hegemony in global markets — a move that enjoys bipartisan appeal and support. Carbone stated:
“These things never move as quickly as we want them to move, but it's stablecoin legislation. This Congress has already moved more expeditiously than we ever could have imagined. So, yes, it's a bump in the road, but I think very, very shortly, we will have another vote.”
The Guiding and Establishing National Innovation in U.S. Stablecoins of 2025, or GENIUS Act, is seen as critical legislation for the U.S. crypto space. Many warn that failing to pass meaningful regulatory reform before the 2026 midterm elections could trigger a reversal in the current positive sentiment and cause a downturn in crypto markets.
“Negotiations have continued, and so I am still very optimistic,” Carbone added. “This bill is going to pass the Senate in the next few weeks.”
⚖️ Partisan Politics and Trump’s Involvement Blamed for Setback
The act failed a procedural vote in the Senate on May 8 after several Democratic lawmakers withdrew support, citing ethical concerns over President Donald Trump’s involvement in crypto. His ties to crypto — including memecoins, DeFi, and NFTs — were labeled as a key reason for the sudden reversal of Democratic support.
Coinbase Chief Legal Officer Paul Grewal also weighed in, saying Trump’s crypto presence complicates the regulatory process, as lawmakers remain cautious of conflicts of interest or undue influence.
In response, Republican Senator Tim Scott criticized Democratic opposition as a politically motivated move, aimed at blocking the former president from advancing digital asset initiatives under his administration.
Despite the controversy, the latest version of the bill removes any references to the Trump family, a change that could pave the way for Senate approval by the end of May, according to several industry insiders.
@ Newshounds News™
🔗 Source: Cointelegraph
~~~~~~~~~
STABLECOINS GO MAINSTREAM: 9 IN 10 FINANCIAL INSTITUTIONS NOW IMPLEMENTING, EXECS SAY
Stablecoins have moved from experimental assets to key infrastructure in global finance, according to Fireblocks’ newly released 2025 State of Stablecoins report.
Fireblocks’ Survey: 90% of Firms Have Stablecoin Initiatives Underway
Based on a survey of 295 financial executives, the report reveals that 90% of firms are now actively implementing stablecoins, with nearly half of all 2024 transactions on Fireblocks’ platform involving stablecoin use.
Banks and payment providers are now processing over 35 million stablecoin transactions per month, a clear sign of their growing adoption.
The dominant use case? Cross-border B2B payments, especially in emerging markets where traditional rails fail due to delays and high costs.
Speed and Liquidity Are Driving Adoption
Speed has overtaken cost savings as the top benefit, with 48% citing faster settlement as the primary motivator. But more than just efficiency, revenue growth is the goal: institutions want to regain lost market share and open new financial corridors.
Meanwhile, regulatory concerns have dropped dramatically — just 20% of firms now view compliance as a barrier, down from 80% in 2023. This shift is driven by clearer global regulations and better AML tools.
Regional Trends Show Varied Priorities
Latin America: Leading with 71% of firms using stablecoins for cross-border transactions.
Asia: Focused on market expansion.
North America: Lags behind with 39% adoption, but 88% of firms support upcoming regulations.
Europe: Emphasizing security, with 37% seeking safer infrastructure despite its regulatory head start under MiCA.
Infrastructure Is Ready, But Security Still a Concern
While 86% report being technically ready, Fireblocks stresses the need for enterprise-grade scalability.
Security remains a sticking point — 36% demand stronger protections to support future growth.
Case in point: Fireblocks highlighted its partnership with Zeebu, which used stablecoins to process $5.7 billion in telecom settlements — demonstrating both scalability and real-world impact.
Conclusion: Stablecoins Are No Longer Optional
The message is clear: Stablecoins have become a strategic imperative.
From instant settlements to programmable finance, the pressure to adapt is rising. Institutions building secure and compliant infrastructure today will lead the digital finance landscape of tomorrow.
@ Newshounds News™
📎 Source: Bitcoin News
~~~~~~~~~
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Economist’s “News and Views” 5-16-2025
3 HUGE Crises Hitting at Once, 'Big Problem' Ahead For Banking System: Michael Pento
Commodity Culture: 5-16-2025
Michael Pento is seeing clear signs that the US economy is facing massive danger, as crises on multiple fronts are evolving into systemic risk for the banking system and threatening to curb the Trump administration's efforts to wage a global trade war.
Michael explains why in the face of these facts, he's moved capital into the commodities sector and is relying on precious metals as a ballast in his portfolio, as he sees a clear move away from the dollar and towards gold by foreign nations.
3 HUGE Crises Hitting at Once, 'Big Problem' Ahead For Banking System: Michael Pento
Commodity Culture: 5-16-2025
Michael Pento is seeing clear signs that the US economy is facing massive danger, as crises on multiple fronts are evolving into systemic risk for the banking system and threatening to curb the Trump administration's efforts to wage a global trade war.
Michael explains why in the face of these facts, he's moved capital into the commodities sector and is relying on precious metals as a ballast in his portfolio, as he sees a clear move away from the dollar and towards gold by foreign nations.
00:00 Introduction
00:52 US-China Tariff Deal
08:13 Fed Won't Proactively Cut Rates
10:57 Coming Real Estate Crisis
12:59 Bullish Oil & Agriculture
16:44 Effects of Trade War
20:11 Gold is Replacing the Dollar
23:07 Silver on the Radar
26:02 Debt and Deficits in the US
28:03 Spike in 30-Year Japanese Bonds
29:44 Opportunity in Indian Stocks
31:38 Global Conflict Rising
Why Lower Inflation Means More Stimulus Ahead
Heresy Financial: 5-16-2025
TIMECODES
00:00 Inflation Is Falling Faster Than Expected
00:15 April CPI Drops to 2.3%
00:34 Why Tariffs Don’t Raise Prices
01:12 The Fed’s 3 Mandates Explained
01:45 Printing vs. Withdrawing Liquidity
02:00 Could QE Be Coming Back?
02:16 The Fed’s Hidden Job: Control Long-Term Rates
02:54 Debt Cycles and Interest Rates
03:50 Deleveraging Then and Now
04:20 Inflationary Deleveraging Strategy
04:46 Prepare for a New Macro Era
05:01 The Bond Bull Market Is Over
05:14 Why Asset Prices Will Keep Rising
05:31 How to Apply These Ideas to Your Investing
WARNING: Treasury Yields Are Signaling Something Big
George Gammon: 5-15-2025
Seeds of Wisdom RV and Economic Updates Friday Morning 5-16-25
Good Morning Dinar Recaps,
US Federal Judge Rejects SEC and Ripple's Request for Indicative Ruling, Further Delaying Resolution
• U.S. District Court Judge Analisa Torres denied Ripple and the SEC’s joint motion for an indicative ruling on their agreement to settle the years-long legal dispute.
• Judge Torres said the request was “procedurally improper,” and the parties failed to address what was necessary to lift the original injunction against Ripple.
• Ripple CLO Stuart Alderoty said the company will revisit the case in court with the SEC.
Good Morning Dinar Recaps,
US Federal Judge Rejects SEC and Ripple's Request for Indicative Ruling, Further Delaying Resolution
• U.S. District Court Judge Analisa Torres denied Ripple and the SEC’s joint motion for an indicative ruling on their agreement to settle the years-long legal dispute.
• Judge Torres said the request was “procedurally improper,” and the parties failed to address what was necessary to lift the original injunction against Ripple.
• Ripple CLO Stuart Alderoty said the company will revisit the case in court with the SEC.
The Southern District of New York Court dismissed the joint request from the Securities and Exchange Commission and Ripple Labs for an indicative ruling on a potential resolution in the years-long dispute between the entities.
The decision comes a week after the SEC and Ripple submitted the request after entering into a settlement agreement, where they sought an indicative ruling to lift the August 2024 injunction against Ripple and reduce the imposed penalties from $125 million to $50 million.
An indicative ruling is a statement from a district court about how it would rule on a motion if it still had jurisdiction over a case.
According to Rule 62.1, a district court does not have real authority to grant or reject a request. As the SEC and Ripple each filed appeals to a final judgment in August 2024, their cross-appeals are still pending in a higher court, the Second Circuit.
"Accordingly, if jurisdiction were restored to this court, the court would deny the parties' motion as procedurally improper," District Judge Analisa Torres said in the Thursday order.
The judge said the parties failed to address the "heavy burden" they must overcome to vacate the injunction, adding that relief from judgment under Rule of Civil Procedure 60 should be made in "exceptional circumstances."
What’s next
The SEC and Ripple previously said that if Judge Torres made an indicative ruling to lift the injunction against Ripple, they would jointly request a limited remand from the Second Circuit. This remand would have returned the case to the district court to formally implement their mutual agreement and dismiss their cross-appeals.
Ripple's Chief Legal Officer Stuart Alderoty said on X that the company and the SEC will revisit this case in the court.
"Nothing in today's order changes Ripple's wins," Alderoty wrote.
"The meaning here is that the parties didn't request relief under the right rule of civil procedure," crypto attorney Fred Rispoli commented on X. "So they will refile it under the correct rule but, me reading between the lines, is that Ripple and the SEC need to get on all fours and beg for relief."
The SEC-Ripple case is one of the most prominent lawsuits in crypto history. It started in late 2020 when the regulatory agency sued Ripple over its sale of XRP tokens, which the regulator viewed as a violation of federal securities laws. The case attracted significant attention, centering on whether XRP, and cryptocurrencies in general, should be considered financial securities.
The dispute took a significant turn when new leadership took over the SEC under pro-crypto President Donald Trump and adopted a friendlier stance toward crypto regulation. The agency has dropped its enforcement actions against several major crypto players this year, including Coinbase and Kraken.
The price of XRP fell 6% in the past 24 hours to trade at $2.38 as of 10:10 p.m. on Thursday ET, according to The Block's XRP price page.
@ Newshounds News™
Source: The Block
~~~~~~~~~
South American Nation Could Join BRICS During 2025 Summit
• The 17th BRICS summit will take place on July 7–8, 2025, in Rio De Janeiro, Brazil.
• Colombia may become the first South American country to join the BRICS alliance.
• Brazil’s President Lula da Silva has officially proposed Colombia’s membership.
• Colombia is also seeking entry into the BRICS New Development Bank (NDB).
A leading South American country could join the BRICS alliance during the 2025 summit in July. The 17th summit is scheduled to take place in Brazil’s Rio De Janeiro on July 7 and 8, during which the 10-member bloc will meet to discuss trade policies, currency options, and new memberships. The alliance’s decisions are consensus-based, as all nations have to agree to move forward on a policy.
No South American country has been part of the BRICS alliance, and things could change after the 2025 summit. Even the 13 ‘partner countries’ are not from South America, while Cuba, the closest, is in the Caribbean. This year’s summit could see major changes in how the bloc operates and advance the de-dollarization agenda on the global stage.
BRICS: South American Nation Colombia Wants to Join BRICS After 2025 Summit
Brazil, which chairs the upcoming summit, has proposed that the South American nation of Colombia join BRICS in 2025.
"Our President Lula da Silva suggested Colombia as a new full-fledged member of BRICS. This issue was discussed by the group’s members," said Brazilian Ambassador to Russia Rodrigo de Lima Baena Soares.
He also explained that Trump’s trade wars and tariffs led to the South American country Colombia considering BRICS in 2025. “What President Trump did was throw us into an abyss of opportunity,” he said. The decision to allow Colombia into the bloc will be consensus-based at the 17th summit in July.
The South American nation Colombia has also requested to join the BRICS bank ‘New Development Bank’ after the 2025 summit. Entry into NDB will allow Colombia to see new loans outside the Western-dominated International Monetary Fund (IMF).
"We would need to talk about new loans, talks about the purchase of debt. And it’s there that great possibilities emerge with a bank like the BRICS’ new bank, on top of loans we could obtain for the issue of education or infrastructure," said Congressman Alejandro Toro.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
Isaac Update
May 15, 2025
Isaac posted in his Telegram Room Link
Seeds of Wisdom RV and Economic Updates Thursday Evening 5-15-25
Good Evening Dinar Recaps,
Trump’s Crypto Ties Pose Challenge for Stablecoin Legislation, Says Coinbase Exec
📍 Coinbase legal chief Paul Grewal says President Trump’s growing presence in crypto adds “a certain level of challenge” to bipartisan progress on digital asset legislation.
As the U.S. Senate prepares for another vote on the GENIUS Act — a stablecoin-focused bill aimed at regulating the digital dollar landscape — Coinbase Chief Legal Officer Paul Grewal has flagged President Donald Trump’s personal ventures into crypto as a complicating factor in building bipartisan consensus.
Good Evening Dinar Recaps,
Trump’s Crypto Ties Pose Challenge for Stablecoin Legislation, Says Coinbase Exec
📍 Coinbase legal chief Paul Grewal says President Trump’s growing presence in crypto adds “a certain level of challenge” to bipartisan progress on digital asset legislation.
As the U.S. Senate prepares for another vote on the GENIUS Act — a stablecoin-focused bill aimed at regulating the digital dollar landscape — Coinbase Chief Legal Officer Paul Grewal has flagged President Donald Trump’s personal ventures into crypto as a complicating factor in building bipartisan consensus.
Speaking at the Consensus conference in Toronto on May 15, Grewal acknowledged that recent political tensions and concerns from both parties, especially Democrats, are slowing progress.
“The discussion around the president's support for a certain memecoin or two and other efforts does add a certain level of challenge to the effort to get Democrats and Republicans aligned,” Grewal noted. Still, he expressed confidence that both chambers of Congress would “sort all that out.”
🏛️ GENIUS Act Still Moving Forward
Despite the friction, lawmakers remain poised to vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in the coming days.
Recent reports suggest that Democrats were able to secure key revisions to the bill that include:
Consumer protection enhancements
Anti-Money Laundering (AML) safeguards
National security provisions
Senator Kirsten Gillibrand (D-NY), one of the bill’s original sponsors, previously confirmed that language directly referencing Trump’s crypto ventures — including World Liberty Financial and the USD1 stablecoin — had been removed to help revive bipartisan support.
⚖️ Crypto Politics and Regulatory Headwinds
President Trump’s increasing crypto footprint — including meme coins, a stablecoin project, and a mining company — has triggered strong reactions on Capitol Hill. Prominent Democrats such as Senator Elizabeth Warren have pointed to these ventures as potential ethical hazards.
Grewal acknowledged that political entanglements may delay efforts to develop a comprehensive regulatory framework for stablecoins and the broader crypto market but emphasized that legislative momentum is still building.
“We’re going to learn a lot in the next few days about the appetite in Congress to move forward,” he said.
🧱 What’s Next?
After stablecoins, attention may shift toward a crypto market structure bill currently under review in the House. That bill builds on the FIT21 Act passed in 2024 and could face similar partisan scrutiny tied to “Trump’s crypto corruption,” according to some Democratic representatives.
Still, Grewal and other industry leaders are hopeful that the recent adjustments to the GENIUS Act will unlock further bipartisan cooperation as crypto regulation becomes a key legislative issue heading into the 2026 midterm elections.
@ Newshounds News™
🔗 Source: Cointelegraph
~~~~~~~~~
Central Bank of Russia Ranks Bitcoin as Top Global Investment Since 2022
📊 Bitcoin outpaces gold, stocks, and bonds with a 121.3% return, according to the Russian central bank.
In a move that underscores Bitcoin’s rising credibility on the world stage, the Central Bank of Russia has officially recognized Bitcoin as the top-performing global investment since 2022.
A new report from the bank shows that Bitcoin delivered:
38% returns over the past 12 months
121.3% cumulative return since 2022
This places it well ahead of traditional assets such as:
Gold
Equities
Bonds
The S&P 500 index
📉 Volatility Still a Factor
While Bitcoin outperformed all other assets, the Russian central bank also acknowledged its short-term volatility. Between January and April 2025, Bitcoin experienced a drop of 18.6%, underperforming most other asset classes.
The only assets that fared worse during this stretch were:
Dollar-denominated savings
The S&P 500
However, Bitcoin rebounded strongly in April, posting an 11.2% monthly gain, once again pulling ahead in the global investment race.
🚀 From Speculative to Strategic
The report highlights Bitcoin’s evolution from a speculative asset to a serious contender in global investment portfolios. Since 2022, Bitcoin has surged from under $20,000 to nearly $110,000, driven by:
Institutional adoption
Regulatory milestones
Approval of spot BTC ETFs in the U.S. and Hong Kong
Even political factors are fueling this growth. President Donald Trump’s pro-crypto shift has added momentum to Bitcoin’s narrative as a strategic reserve asset.
🌍 Global Recognition and Adoption
Countries and companies alike are responding:
Ukraine and Kyrgyzstan are exploring digital assets at the national level.
Financial giants like Cantor Fitzgerald are integrating crypto strategies into broader financial operations.
Bitcoin is increasingly being viewed as:
A hedge against macroeconomic risk
A tool for expanding global financial access
A potential long-term store of value, despite volatility
🔍 Summary
The Central Bank of Russia’s findings place Bitcoin squarely in the spotlight—not just as a volatile crypto asset but as a top-tier global investment with increasing legitimacy across the financial world.
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🔗 Source: CryptoSlate
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SENATE REMOVES TRUMP PROVISIONS IN PUSH TO PASS STABLECOIN BILL
The U.S. Senate is preparing to pass a landmark bipartisan stablecoin bill—the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act)—after removing controversial provisions that targeted President Donald Trump and his family's crypto ventures.
📅 Target Date for Passage: By May 26 (Memorial Day), according to Senator Cynthia Lummis (R-WY), who spoke at a Coinbase-backed event, Stand With Crypto.
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SENATE REMOVES TRUMP PROVISIONS IN PUSH TO PASS STABLECOIN BILL
The U.S. Senate is preparing to pass a landmark bipartisan stablecoin bill—the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act)—after removing controversial provisions that targeted President Donald Trump and his family's crypto ventures.
📅 Target Date for Passage: By May 26 (Memorial Day), according to Senator Cynthia Lummis (R-WY), who spoke at a Coinbase-backed event, Stand With Crypto.
💬 Key Voices:
Senator Kirsten Gillibrand (D-NY) confirmed the bill has been revised to eliminate language singling out Trump’s crypto activities, which include memecoins, a stablecoin project, a mining firm, and a crypto platform.
“This is not an ethics bill,” Gillibrand said, though it does include basic ethics requirements. “If we were dealing with all President Trump’s ethics problems, it would be a very long and detailed bill.”
🚫 Senate Democrats had stalled the bill on May 8, objecting to its failure to address Trump’s alleged personal enrichment through crypto-related ventures. Gillibrand stated Trump’s memecoin offering may already violate existing laws, calling it “about as illegal as it gets.”
🏛️ Bill Focus: Regulation of the entire stablecoin ecosystem, with strengthened protections for:
Consumers
Bankruptcy proceedings
Issuers’ responsibilities
👥 Industry Push: Coinbase CEO Brian Armstrong, who joined the senators onstage, refrained from commenting on Trump’s memecoin but emphasized the need to keep the bill focused on regulatory clarity.
🗳️ Legislative Urgency:
With the 2026 midterms approaching, the crypto industry is lobbying hard to pass both the GENIUS Act and a broader market structure bill before momentum is lost.
Marta Belcher of the Blockchain Association warned the legislative window is closing fast. “We don't know if we’ll get another chance like this.”
📌 August Deadline: The goal is to have both bills signed into law before the August congressional recess, according to Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets. Hines noted it's “the President's desire” to finalize both crypto-related bills during that timeframe.
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🔗 Full Article: Cointelegraph – May 14, 2025
~~~~~~~~~
BRICS ERODES TRUST IN THE US DOLLAR
The BRICS alliance is accelerating a global shift away from the US dollar, encouraging developing nations to embrace local currencies for trade and economic stability.
🌍 Background:
The U.S. sanctions imposed on Russia in 2022 served as a wake-up call for emerging economies. The move exposed the vulnerabilities of nations that relied too heavily on the dollar and underscored Washington’s ability to destabilize other countries’ economies.
🛡️ Response from BRICS:
In response, BRICS members began to rethink their dependency on the dollar and initiated steps to strengthen their native currencies. The bloc—comprising major developing nations—has since made de-dollarization a central pillar of its long-term strategy.
💸 Erosion of Trust in the Dollar:
The U.S. dollar has historically dominated global trade because of widespread trust. But BRICS nations now view the greenback as a geopolitical weapon that serves U.S. interests at the expense of others. That trust is rapidly deteriorating, and so is the dollar’s role in international trade.
📉 Trend Watch:
The dominance of the dollar is no longer guaranteed.
Local currencies are being positioned as more stable and sovereign alternatives.
BRICS is encouraging member states to settle trades in native currencies, reducing exposure to U.S. monetary policy and potential sanctions.
🔁 What’s Next:
As the economic influence of BRICS grows, so does its ambition to reshape the global financial order. If successful, this movement could drastically reduce U.S. influence in international trade and global finance.
📌 Key Quote:
"The U.S. dollar’s supremacy stood on trust for decades—but that trust is now eroding."
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🔗 Full Article: Watcher Guru – May 14, 2025
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CENTRAL BANKS PREPARE FOR A TOKENIZED FUTURE
Imagine a financial world where every transaction, from billion-dollar treasury purchases to retail payments, exists entirely as digital tokens. The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) Innovation Hub aren’t just imagining it — they’re actively preparing for it through Project Pine.
The New York Innovation Center (NYIC), part of the Fed’s New York branch, launched this groundbreaking initiative with the BIS Innovation Hub, creating a toolkit of smart contracts designed to execute central banking functions in a fully tokenized financial system. The toolkit supports paying interest on reserves, conducting open market operations, managing collateral, and supporting credit and asset purchases – all via tokenized processes.
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CENTRAL BANKS PREPARE FOR A TOKENIZED FUTURE
Imagine a financial world where every transaction, from billion-dollar treasury purchases to retail payments, exists entirely as digital tokens. The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) Innovation Hub aren’t just imagining it — they’re actively preparing for it through Project Pine.
The New York Innovation Center (NYIC), part of the Fed’s New York branch, launched this groundbreaking initiative with the BIS Innovation Hub, creating a toolkit of smart contracts designed to execute central banking functions in a fully tokenized financial system. The toolkit supports paying interest on reserves, conducting open market operations, managing collateral, and supporting credit and asset purchases – all via tokenized processes.
Six additional central banks contributed requirements, emphasizing the need for flexibility. This focus led to a surprising advantage: dramatically faster crisis response.
Faster Emergency Response in Digital Financial Markets
Crises strike without warning. In traditional finance, it takes time to implement new emergency facilities. With Project Pine, central banks could design and launch responses almost instantly thanks to pre-built smart contracts.
“Tokenization accelerates money velocity,” the report notes, “which means financial shocks may unfold faster – requiring faster central bank action.”
Smart contracts are the backbone of this efficiency. Central banks would still use human judgment for critical decisions, but automating operations like collateral handling and haircut settings could reduce friction in emergency interventions.
Smart Contracts to Power 24/7 Central Banking
The prototype assumed a fully tokenized ecosystem operating 24/7, which would require automated yet safe systems outside traditional business hours.
Though the smart contracts were built using Hyperledger Besu and Solidity (Ethereum-compatible), the team stressed their technology-neutral stance.
Project Pine is not policy — it’s exploration. But its foresight equips central banks to handle the transition to tokenization and anticipate how their core functions might evolve.
By planning ahead with Project Pine, central banks aren't just preparing for the next phase of finance — they’re shaping it.
@ Newshounds News™
🔗 Source: Ledger Insights
~~~~~~~~~
CRYPTO EXECS FLOCK TO DC TO SUPPORT SENATE STABLECOIN BILL
Coinbase CEO Brian Armstrong said the Senate could reconsider a vote on the GENIUS Act “hopefully tomorrow” after it initially failed on May 8.
Crypto leaders, including founders and executives from major companies, have traveled to Washington, DC, in a major push to rally support for the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which failed to pass the Senate earlier this month.
60 Crypto Founders Push for Urgency
In a May 14 X post from the US Capitol rotunda, Armstrong revealed that “60 [crypto] founders” were in DC to advocate for the GENIUS Act and a market structure bill currently under consideration in the House of Representatives.
“Like any good negotiation, there’s a lot of details to work out at the last minute, but we’ve been stressing the urgency of this,” Armstrong stated.
The Senate may vote again on the GENIUS Act “hopefully tomorrow,” signaling renewed momentum despite political obstacles.
Political Tensions Over Trump’s Crypto Involvement
Many Democratic lawmakers are withholding support due to concerns about Donald Trump’s crypto ventures, including his TRUMP memecoin and the USD1 stablecoin launched by his family-affiliated World Liberty Financial. Democrats have demanded carve-outs or provisions to ensure Trump cannot profit politically or financially from crypto legislation.
A Democratic staffer told Cointelegraph there was “no indication” Republicans would address these concerns. Another source claimed addressing them may be unconstitutional.
Is Bipartisan Crypto Reform Possible?
The Senate resumed consideration of the GENIUS Act on May 12, and another vote is expected within days. While Republicans control both chambers, a 60-vote majority is required to overcome a filibuster, necessitating at least partial Democratic backing.
“Despite the politics around the TRUMP memecoin and crypto investments — that has definitely made our work more complicated — I still argue that behind the scenes, you've got constructive members in both parties working to find consensus,” said Representative French Hill at the Consensus conference in Toronto.
Whether the GENIUS Act can move forward without adjustments remains unclear, but the growing presence of crypto leaders in Washington underscores the urgency and high stakes involved.
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🔗 Source: Cointelegraph
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XRP Lawyer Warns Stablecoin Bill Could Be Delayed Until 2029 — Here’s Why
John Deaton says the GENIUS Act, a key stablecoin bill, may not pass until 2029, potentially stalling U.S. crypto reforms and undermining the dollar’s global dominance.
The ongoing debate over U.S. stablecoin regulation has taken a new turn as prominent XRP lawyer John Deaton sounded the alarm about the potential delay of the GENIUS Act—a bipartisan bill aimed at regulating stablecoins. According to Deaton, the failure to pass this legislation could push broader crypto reforms back until 2029.
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XRP Lawyer Warns Stablecoin Bill Could Be Delayed Until 2029 — Here’s Why
John Deaton says the GENIUS Act, a key stablecoin bill, may not pass until 2029, potentially stalling U.S. crypto reforms and undermining the dollar’s global dominance.
The ongoing debate over U.S. stablecoin regulation has taken a new turn as prominent XRP lawyer John Deaton sounded the alarm about the potential delay of the GENIUS Act—a bipartisan bill aimed at regulating stablecoins. According to Deaton, the failure to pass this legislation could push broader crypto reforms back until 2029.
“If Congress can’t get the GENIUS Act passed, we won’t see a Market Structure Bill, which means we won’t see any long-lasting reform until 2029, depending on how the Presidential election goes,”
— John Deaton, via X (formerly Twitter)
Deaton’s warning echoes recent concerns expressed by Messari CEO Ryan Selkis, who argues that without foundational legislation like the GENIUS Act, the U.S. risks losing its leadership in digital finance innovation.
The Importance of the GENIUS Act
Deaton referred to the bill as a “no-brainer” and framed it as vital to maintaining U.S. dollar dominance on the global stage. He emphasized that as countries pursue de-dollarization, stablecoins offer the U.S. a strategic lever to drive global demand for U.S. Treasury securities (USTs).
“We’re in an era when other nations are attempting to de-dollarize the world. We MUST drive demand for UST and ensure the USD remains the world’s reserve currency. If politicians can’t get the GENIUS Act through, then there’s little chance more complex, long-lasting legislation will pass,”
— John Deaton
The GENIUS Act—short for “Guaranteed Essential Neutrality in United States Stablecoins”—has earned the nickname “Dollar Dominance Bill” among crypto advocates for its potential role in reinforcing the dollar’s status through regulated digital assets.
Political Roadblocks and Skepticism
Despite bipartisan backing from several lawmakers and the crypto industry, the bill faces strong resistance—most notably from Senator Elizabeth Warren, who has consistently criticized crypto legislation on grounds of national security and consumer protection.
“The Senate shouldn’t greenlight this corruption by passing the GENIUS Act without fixes,”
— Senator Elizabeth Warren
Warren’s opposition stems from concerns that stablecoins could be used to bypass traditional financial oversight and pose risks to the U.S. economy. Her resistance may stall the bill’s progress during an already contentious election year.
Why This Delay Matters
The crypto industry sees stablecoin legislation as a foundational step toward broader market regulation. Without the GENIUS Act, other key bills—such as the long-awaited Market Structure Bill—may never see a vote. This could leave U.S. companies behind as global competitors move ahead with clearer digital asset policies.
With the 2024 presidential election looming, Deaton and other advocates fear that partisan divides could stall legislative momentum for years, creating prolonged regulatory uncertainty for crypto businesses and investors alike.
@ Newshounds News™
📎 Source: CoinGape – Full article
~~~~~~~~~
🌍 BRICS Influence Grows as European Firms Shift Away From US Dollar
European financial institutions are increasingly receiving requests to use local currencies instead of the US dollar, signaling BRICS' growing global economic influence.
In a development that signals a major geopolitical and financial shift, several European banks, brokers, and financial institutions are reporting an uptick in client requests to conduct transactions in local currencies—not the US dollar. According to the Luxembourg Times, these requests involve hedging and cross-border transactions in currencies like the Chinese yuan, Hong Kong dollar, Emirati dirham, and the euro.
This marks a notable milestone: for the first time, foreign institutional funds are asking to bypass the US dollar altogether in transactions handled by European finance firms. The change reflects the influence of the BRICS alliance’s strategy to de-dollarize global trade by promoting local currency settlements.
From Dollar Hub to Direct Transfers
Traditionally, financial transactions—especially those crossing multiple borders—have relied heavily on the US dollar as an intermediary currency. For example, when a Japanese firm wants to send money to a Philippine-based fund, it would typically route the payment through the dollar, which would then be converted into pesos.
Now, corporate clients are pushing for new protocols that completely skip the US dollar, aiming to cut costs, reduce exposure to dollar volatility, and support regional economic partnerships. European firms are being asked to accommodate these demands with currency strategies that allow for direct transfers between non-dollar pairs.
BRICS Ideology Reaches Europe
The ideological push for local currency empowerment has long been championed by the BRICS bloc—Brazil, Russia, India, China, and South Africa, with recent expansions including the UAE, Egypt, Iran, and Ethiopia. The alliance has openly advocated for reducing reliance on the US dollar in global trade and reserves.
Now, that de-dollarization strategy appears to be influencing European markets. The increasing preference for local currencies by institutional clients reflects growing confidence in non-dollar instruments and frustration with dollar-dominated systems, especially amid volatile geopolitics and trade tensions.
Technology and Liquidity as Key Drivers
Gene Ma, Head of China Research at the Institute of International Finance, noted that advancements in financial technology and liquidity are key enablers of this trend.
“The increase in transactions between non-US currencies is largely due to technological development and increased liquidity. The trading parties feel that the price may not be worse than using the US dollar, so transactions naturally pick up,” Ma explained.
Trade War Legacy and Uncertainty Under Trump
The movement also follows years of trade tensions and tariffs introduced during Donald Trump’s first term. Though President Trump has paused new tariffs for 90 days, uncertainty still looms large. The fear of sudden economic shifts and rising nationalism has made many businesses rethink their overreliance on the US financial system.
Analysts suggest that if BRICS and its partners fully transition to local currency settlements, it could reshape global trade flows and challenge the dollar’s reserve status. The growing demand for currency derivatives outside the dollar system may be a signal that this shift is already underway.
Conclusion
The shift toward local currencies in Europe, inspired by BRICS’ economic ideology, represents a potential inflection point in global finance. As more institutional players move away from the US dollar, traditional financial systems may need to adapt quickly to remain relevant in a multipolar currency environment.
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📎 Source: Watcher.Guru
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🇺🇸 SENATORS URGE TREASURY TO RETHINK TAX ON UNREALIZED CRYPTO GAINS
Senators Cynthia Lummis (R-WY) and Bernie Moreno (R-OH) are calling on the U.S. Treasury to exempt unrealized cryptocurrency gains from a tax rule they argue unfairly penalizes American firms and stifles innovation.
In a letter sent Tuesday to Treasury Secretary Scott Bessent, the senators criticized how the 2022 Corporate Alternative Minimum Tax (CAMT), when combined with new FASB accounting rules, may result in companies owing taxes on crypto assets they haven’t sold. They claim this approach leaves U.S. businesses at a competitive disadvantage globally.
“Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors,” Lummis tweeted, sharing the letter on X.
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🇺🇸 SENATORS URGE TREASURY TO RETHINK TAX ON UNREALIZED CRYPTO GAINS
Senators Cynthia Lummis (R-WY) and Bernie Moreno (R-OH) are calling on the U.S. Treasury to exempt unrealized cryptocurrency gains from a tax rule they argue unfairly penalizes American firms and stifles innovation.
In a letter sent Tuesday to Treasury Secretary Scott Bessent, the senators criticized how the 2022 Corporate Alternative Minimum Tax (CAMT), when combined with new FASB accounting rules, may result in companies owing taxes on crypto assets they haven’t sold. They claim this approach leaves U.S. businesses at a competitive disadvantage globally.
“Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors,” Lummis tweeted, sharing the letter on X.
🔍 Background: What’s the Issue?
The CAMT, enacted under the Inflation Reduction Act, imposes a 15% minimum tax on corporations with $1 billion+ in average annual earnings, based on adjusted financial statement income (AFSI)—not traditional taxable income.
In December 2023, the Financial Accounting Standards Board (FASB) adopted ASU 2023-08, requiring companies to use mark-to-market (fair value) accounting for crypto assets. This means firms must report unrealized gains from unsold crypto on financial statements.
Now, under CAMT rules, these unrealized gains could be treated as taxable income, even though the companies haven’t liquidated the assets.
“Neither Congress nor FASB planned this outcome,” the senators wrote. “It’s the unintended result of basing tax liability on decisions by a private organization… not principles of taxation.”
⚠️ Potential Fallout
Lummis and Moreno warned this tax interpretation could:
Force companies to sell crypto assets just to cover tax bills.
Discourage innovation and crypto adoption in the U.S.
Give foreign competitors an edge, as many follow different accounting standards.
They urged the Treasury to:
Exclude unrealized crypto gains from CAMT calculations.
Issue interim guidance immediately, before long-term damage is done.
Political and Regulatory Context
This challenge follows recent moves by President Trump’s administration to roll back Biden-era crypto regulations:
In April, Trump signed a law repealing the controversial DeFi broker rule.
In March, the Senate overturned the IRS requirement that decentralized finance (DeFi) protocols report user activity like banks.
Senator Lummis, a longtime crypto advocate, has led several legislative efforts including:
The Lummis-Gillibrand Responsible Financial Innovation Act (2022).
The BITCOIN Act (2025), reintroduced in March, to codify Trump’s executive order on establishing a national Bitcoin reserve.
🔮 What’s Next?
While the Treasury has yet to respond publicly, the pressure is mounting. The senators stressed the urgency, writing:
“Failure to provide this clarity… will disincentivize entities from maintaining large holdings of digital assets.”
If the current policy stands, the U.S. risks losing ground in the global race for digital finance leadership. Lummis and Moreno said they are willing to work directly with Treasury officials to resolve the issue.
📌 The battle over how crypto is taxed—especially unrealized gains—could shape the future of digital asset adoption in the U.S.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
South Korea Makes Crypto a Key Election Battleground
As South Korea gears up for its June 3 presidential election, the Democratic Party has launched a Digital Asset Committee to centralize crypto policymaking under the president’s office. The move signals crypto's rise as a major political and economic issue.
🔹 Key Points:
New Digital Asset Committee formed on May 13 to shape national crypto policy.
Focus areas: regulatory reform, stablecoins, exchange laws, and centralized oversight.
The committee is drafting the “Stage 2 Bill” to modernize outdated digital asset laws.
🔹 Stablecoins in Spotlight:
Won-pegged stablecoins are a priority, but debate continues over licensing vs. registration.
Bank of Korea (BOK) demands final authority over KRW-linked stablecoins to protect monetary policy.
🔹 Political Stakes:
Lee Jae-myung (Democratic Party) supports crypto innovation and a won-linked stablecoin.
Kim Moon-soo (opposition) supports crypto adoption through public fund investment and legal clarity.
With 16M+ South Koreans using crypto, digital assets have become a top campaign issue.
👉 Crypto is no longer niche in Korea—it’s a vote-winner.
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Source: Coinpedia
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US BANKING AUTHORITY CLEARS PATH FOR CRYPTO SERVICES AT NATIONAL BANKS
OCC and Fed's synchronized policy shift opens doors for national banks to enter crypto markets amid rising customer demand.
The Office of the Comptroller of the Currency (OCC) confirmed on May 13 that national banks are now authorized to engage in a wide range of crypto-asset activities, removing long-standing regulatory ambiguities that had kept many financial institutions on the sidelines.
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US BANKING AUTHORITY CLEARS PATH FOR CRYPTO SERVICES AT NATIONAL BANKS
OCC and Fed's synchronized policy shift opens doors for national banks to enter crypto markets amid rising customer demand.
The Office of the Comptroller of the Currency (OCC) confirmed on May 13 that national banks are now authorized to engage in a wide range of crypto-asset activities, removing long-standing regulatory ambiguities that had kept many financial institutions on the sidelines.
In tandem with recent moves by the Federal Reserve, the policy shift opens the door for national banks to offer crypto custody, execute trades at customer direction, and outsource digital asset services under established third-party risk guidelines.
OCC announcements and letters
The OCC’s announcement, delivered via a statement and supported by Interpretive Letters 1183 and 1184, marks a coordinated rollback of prior restrictions.
Letter 1183, issued March 7, formally rescinds the 2021 supervisory “non-objection” process set out in Letter 1179.
Letter 1184, issued May 7, extends authority by permitting banks to buy and sell cryptocurrencies held in custody when directed by clients.
These policy updates align with the Federal Reserve’s April 24 decision to retract its pre-approval guidance for crypto activities.
Together, these actions dissolve the primary regulatory hurdles that had delayed widespread adoption of crypto services by traditional financial institutions.
“The U.S. banking system is now deemed well-positioned to support digital asset activity,” the OCC stated.
Future of crypto within US TradFi Sector
With the global crypto market cap around $3.33 trillion as of May 13, the scale of the opportunity is no longer viewed as speculative. National banks now have the opportunity to compete for custody fees and customer retention in a space once dominated by fintech firms.
“More than 50 million Americans hold some form of cryptocurrency,” said Acting Comptroller Rodney E. Hood.
“The digitalization of financial services is not a trend; it is a transformation.”
The shift is framed as a structural evolution, supporting integration within banking models, not experimentation.
Next steps
Letters 1183 and 1184 emphasize AML compliance, yet omit guidance on private key management and capital adequacy.
Integration of AML systems, wallet infrastructure, and third-party contracts may take 6–12 months.
Ongoing jurisdictional questions between the SEC and CFTC create regulatory gray zones for some tokens.
FDIC does not insure digital asset holdings, a vital point for customer awareness.
Still, this represents the most pronounced shift in U.S. banking crypto policy since 2020’s Letter 1170.
The policy aligns U.S. oversight with Europe and Asia, where regulated crypto services are already common. Political pressure to counter alleged efforts like “Operation Chokepoint 2.0” has influenced this evolution.
As Letters 1183 and 1184 take effect, competition is expected to intensify. Traditional banks may quickly gain ground if they can translate permission into readiness—leveraging trust and regulatory infrastructure as advantages.
@ Newshounds News™
Source: CryptoSlate
~~~~~~~~~
CARDANO’S BIG NEWS: BRAVE WALLET INTEGRATION
Brave Wallet integration allows over 70 million users to send and receive Cardano’s ADA tokens.
Charles Hoskinson teases major updates, linked to the Midnight upgrade, for Cardano's future growth.
ADA has broken past key levels, suggesting potential price surge toward $0.86 and $1.
After jumping 20% last week, Cardano (ADA) has now dropped 5%, but there’s more behind it. With the Brave Wallet now supporting ADA and Cardano’s founder teasing more surprises, the stage is set for ADA price to hit a monthly high.
So, is ADA on its way to $1?
Cardano’s Brave Wallet Integration
The Brave browser, which has over 70 million users, has officially added support for ADA in its built-in crypto wallet. Reacting to the news, Cardano’s founder Charles Hoskinson hinted that this is just the beginning.
He suggested that several more big updates will roll out through the Summer and Fall of 2025.
Hoskinson even joked that VPN and advertising companies might be in for a shock once these integrations go live.
His message was clear: Cardano is entering a new phase of real-world adoption, and the Midnight upgrade is just the start.
ADA Eyeing $1 Mark – Key Levels To Watch
This Brave integration has brought back fresh hopes in the Cardano community, especially after ADA’s recent dip.
As of now, ADA price is currently trading around $0.79, down 4% today. Still, many traders see this as a healthy correction, not a warning sign.
Looking at the chart, ADA has already broken past the $0.72 and $0.75 levels, which is a good sign. It is now sitting close to the $0.786 level, which is an important zone.
If it can break through this and hold, the next targets could be around $0.86 and even higher, like $1.00.
Bullish Momentum Isn’t Over Yet
One more positive sign is that the trading volume is strong—currently at $1.88 billion, reflecting a surge of 65% seen in the last 24 hours. This means a lot of people are buying and selling ADA right now.
Technical signs like RSI also hint at a bullish momentum as it is still at 61.
However, if it fails to move higher, the price might fall back down to support near $0.72 or $0.67.
@ Newshounds News™
Source: CoinPedia
~~~~~~~~~
Isaac Update
5/13/2025
Isaac will post in his Telegram Room tomorrow after his appointment.
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COINBASE BECOMES FIRST BITCOIN AND CRYPTO COMPANY TO JOIN THE S&P 500
Coinbase joins the S&P 500, marking a milestone for Bitcoin, further highlighting Bitcoin’s strong performance, outperforming gold and the S&P 500 over the years.
Coinbase Global Inc. (NASDAQ: COIN) is officially joining the S&P 500 starting May 19. It will replace Discover Financial Services (NYSE: DFS), which is being acquired by Capital One Financial (NYSE: COF), an existing member of the index.
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COINBASE BECOMES FIRST BITCOIN AND CRYPTO COMPANY TO JOIN THE S&P 500
Coinbase joins the S&P 500, marking a milestone for Bitcoin, further highlighting Bitcoin’s strong performance, outperforming gold and the S&P 500 over the years.
Coinbase Global Inc. (NASDAQ: COIN) is officially joining the S&P 500 starting May 19. It will replace Discover Financial Services (NYSE: DFS), which is being acquired by Capital One Financial (NYSE: COF), an existing member of the index.
This is a big move for Coinbase and an even bigger signal for Bitcoin. For a crypto company to be added to one of the most important indexes in the U.S. shows how far this industry has come. It’s not just hype anymore—it’s becoming a real part of the traditional financial system.
“Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history,” Coinbase posted on their X account.
To get into the S&P 500, a company needs to meet a few strict requirements. They need a market cap of at least $18 billion, have most of their shares held by the public, be profitable over the last four quarters, and be listed on a U.S. exchange. Coinbase checks all of those boxes, with a market cap over $40 billion and solid recent earnings.
Once Coinbase is added, every fund that tracks the S&P 500 will need to include it in their portfolios. That means more demand for the stock, which could push the price up in the short term. But even more important, it brings more exposure and credibility to the entire crypto space.
“Congratulations Brian Armstrong on $COIN being added to the S&P 500 Index,” said Strategy Executive Chairman Michael Saylor. “A major milestone for Coinbase and for Bitcoin.”
Now let’s talk about Bitcoin. Coinbase is one of the top platforms people use to buy and sell Bitcoin. Having it in the S&P 500 makes Bitcoin exposure more accessible to traditional investors. It also helps reduce the idea that Bitcoin and crypto are just some risky gamble.
And the numbers speak for themselves. Over the past 14 years, Bitcoin has outperformed the S&P 500 and gold by a huge margin. Since 2010, Bitcoin has surged a staggering 7,200,000%, compared to the S&P 500’s 306% and gold’s 116%. Even when looking at shorter timeframes, Bitcoin consistently beats both. For instance:
In the past year:
Bitcoin: +27%
Gold: +37%
S&P 500: +5%
In the last five years:
Bitcoin: +1,138%
Gold: +85%
S&P 500: +92%
@ Newshounds News™
Source: Bitcoin Magazine
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SAUDI ARABIA DROPS BRICS, INKS $600B STRATEGIC DEAL WITH US IN 2025
A new agreement has been signed, and it is poised to have major geopolitical ramifications as Saudi Arabia has seemingly dropped BRICS, inking a new deal with the US in 2025. Indeed, Riyadh has agreed to a “strategic economic partnership” with the United States amid a visit from President Donald Trump on Tuesday.
Both Trump and Crown Prince Mohammed Bin Salman have reached the landmark agreement that will increase cooperation in energy, mining, defense, and other ventures. Indeed, the memorandum was reached in what is the US president’s first major foreign trip since his return to the White House.
Saudi Arabia & US Reach New Deal Despite BRICS Standoff
Since his return to the Oval Office, Donald Trump has not been shy about his feelings toward the BRICS economic alliance. Earlier this year, he threatened 150% tariffs on the bloc. Specifically, he warned of repercussions for its continued de-dollarization efforts.
His stance only complicated the relationship between the collective and the recent expansion nation, Saudi Arabia. With tensions rising during Trump’s second term, Riyadh was seemingly caught in the middle. Now, it appears to have made its choice, as Saudi Arabia has turned from BRICS, signing a new strategic deal with the US in 2025.
The memorandum and agreement encompassed a host of sectors, including energy, defense, health, and the arts. Additionally, the letter of intent will see the US aid Saudi Arabia in the development of its armed forces. Moreover, they have plans for the Saudi Ministry of Interior and FBI to cooperate in one of many partnership aspects.
Abdulaziz Alghashian, Director of Research at Riyadh’s Observe Research Foundation Middle East, recently discussed the agreement. He noted that the deal’s reach “speaks to the depth” of the two nations' relationship. With the US and BRICS standing so opposed, it questions Saudi Arabia’s commitment to its cause.
However, that may not be the case. Alghashian noted that the deal “won’t come at the cost of relations with others.” Yet, only time will tell if that is the case. Just weeks ago, the US and China were on the doorstep of a trade war. Moreover, those tensions don’t appear to be entirely resolved.
@ Newshounds News™
Source: Watcher Guru
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