Seeds of Wisdom RV and Economic Updates Monday Morning 6-9-25

Good Morning Dinar Recaps,

ETF ISSUERS PUSH SEC TO RESTORE ‘FIRST-TO-FILE’ APPROVAL PROCESS—CRITICIZE REGULATORY DELAYS ON STAKING & ALTCOIN ETFS

A group of leading ETF firms is urging the SEC to return to the “first-to-file” approval model, claiming the current system undermines innovation and rewards passive behavior.

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VanEck, 21Shares & Canary Capital Fire Back at the SEC

📨 ETF issuers VanEck, 21Shares, and Canary Capital have submitted a formal letter to the U.S. Securities and Exchange Commission (SEC) calling for a reinstatement of the first-to-file approval system for ETFs.

🔍 Their main arguments:

• Skipping the queue discourages innovation

• Delays stifle investor choice

• The current system hurts competition

“The reduced incentive for pioneering product development… compromises market efficiency and fundamentally undermines the commission’s mission.”

They also warned that regulatory inconsistency may cost the U.S. its leadership in financial innovation.

Crypto ETF Momentum Grows Under Trump Administration

Since President Trump’s inauguration, there has been a noticeable surge in crypto ETF applications, reflecting growing expectations for a more favorable regulatory climate.

Yet, despite increased activity, SEC delays are widespread.

SEC Slow-Walks Approval on Staking & Altcoin ETFs

Staking and altcoin ETF filings have multiplied — but so have SEC postponements.

 Notable delays include:

• Grayscale’s spot Solana ETF – Now pushed to October

• Staking and XRP ETFs – Delayed with no early approvals expected

Analyst Insight:

“Almost all of these filings have final due dates in October. Early decisions are out of the norm.” — James Seyffart, Bloomberg ETF Analyst

📉 Even REX-Osprey’s staked ETF products, which had effective registration statements, were halted due to SEC concerns over fund structure — dimming expectations for near-term launches.

Why It Matters

With institutional interest booming and crypto markets expanding, regulatory clarity and efficiency are now mission-critical.

 Returning to a transparent and orderly “first-to-file” process could:

• Reinvigorate innovation

• Restore trust among issuers

• Accelerate broader crypto ETF adoption

Final Thought

As crypto ETFs evolve into a pillar of digital asset investing, the SEC’s next moves could define U.S. market leadership for years to come.

@ Newshounds News™
Source:  Cointelegraph

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Ripple Launches Japan-Focused Web3 Program Backed by JETRO

Ripple teams with Web3 Salon to fund XRPL-based innovation in Japan—grants up to $200K, major events planned through 2026, and a bold push to accelerate real-world Web3 adoption in Asia.

Ripple Backs Japan’s Web3 Startups with Grants and Mentorship

Ripple is expanding its footprint in Asia with a dedicated initiative to support Web3 startups in Japan, in partnership with Web3 Salon, a program powered by Asia Web3 Alliance Japan and supported by JETRO (Japan External Trade Organization). The new program is designed to drive real-world development on the XRP Ledger (XRPL) by equipping Japanese entrepreneurs with capital, technical mentorship, and regulatory guidance.

▪️ Ripple & Web3 Salon will award up to $200,000 per startup

▪️ Program backed by Ripple’s Japan & Korea Fund

▪️ Four major events planned across Japan through March 2026

$200K Grants to Fuel XRPL Innovation in Japan

At the core of the program is Ripple’s Japan & Korea Fund, part of its broader $1 billion commitment to the XRP ecosystem announced in 2022. Japanese startups building solutions in DeFi, tokenized real-world assets (RWA), and digital payments on the XRPL are eligible to receive grants of up to $200,000.

Along with capital, startups will gain access to Ripple’s global investor and advisor network, offering early-stage founders strategic advantages in funding, business development, and scaling.

Mentorship & Market Strategy Led by Web3 Salon

While Ripple drives capital support and network access, Web3 Salon will take the lead on founder mentorship, compliance support, and go-to-market readiness. In a country with stringent but transparent crypto regulations, this collaboration is positioned to help startups navigate legal complexities and build sustainable, regulation-ready ventures.

Four Major Events Planned Through Early 2026

Ripple’s regional strategy is also reinforced through an ambitious event roadmap. Community leader WrathofKahneman confirmed that this initiative aligns with Ripple’s long-term expansion in Asia.

From now through March 2026, Ripple and Web3 Salon will co-host four major events in Japan, featuring:

• Pitch competitions

• Policy and regulatory panels

• Investor networking

• Web3 workshops and education

These events are designed to accelerate ecosystem growth and encourage collaboration among developers, policymakers, and enterprise partners.

Japan’s Web3 Opportunity: Clarity Meets Innovation

With its tech-savvy market, supportive institutions, and clear regulatory structure, Japan is uniquely positioned to become a Web3 powerhouse in Asia. Ripple’s strategic alignment with JETRO-backed Web3 Salon represents an institutional push to remove entry barriers for blockchain innovators.

As Ripple continues to invest in foundational technologies and ecosystems, Japan could emerge as a regional leader in real-world blockchain adoption—powered by the XRP Ledger.

@ Newshounds News™
Source:  Coinpedia

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BRICS: 50+ Nations Now Use Yuan, Rupee, Ruble—Not US Dollar in Trade

BRICS-led de-dollarization deepens as over 50 countries shift to local currencies in energy and defense sectors, replacing dollar-based trade systems with yuan, rupee, and ruble.

BRICS Powers Global Shift Away from US Dollar

A global financial shift is accelerating as over 50 nations now conduct trade in yuan, rupee, and ruble, especially within oil and defense sectors, reducing reliance on the U.S. dollar. BRICS nations are at the center of this transformation, using currency trade agreements and new payment infrastructures to bypass the petrodollar system.

India and Russia Drive the Local Currency Trade Boom

The strategic cooperation between India and Russia has shown that local currency settlements are not only viable but efficient. India continues to buy Russian oil using rupees, directly paying energy giant Rosneft without the traditional SWIFT-based, dollar-centered mechanisms.

In defense trade, Russia supplies nearly 66% of India’s military imports, and these deals are increasingly settled in yuan, rupee, or ruble. Bilateral agreements have made national currency transactions standard, demonstrating that large economies can shift away from the dollar without friction.

India–Russia trade surged from $13B in 2021 to $27B in 2022—largely due to local currency payments.

Saudi Arabia Joins the De-Dollarization Movement

Saudi Arabia, long seen as a pillar of the petrodollar system, is now engaging in currency swaps with China and discussing yuan-based oil settlement mechanisms. This marks a historic turning point in global energy markets.

Russian President Vladimir Putin emphasized this shift during the BRICS Summit in Kazan:

“The dollar is being used as a weapon. We really see that this is so. I think that this is a big mistake by those who do this.”

Commonwealth Nations Embrace National Currencies

The Commonwealth of Independent States (CIS) has reached an advanced stage of de-dollarization: over 85% of cross-border trade within the bloc now uses local currencies, directly reflecting the BRICS influence in shaping regional currency practices.

Brazilian President Luiz Inacio Lula da Silva also criticized dollar hegemony, stating:

“Resorting to unilateralism undermines the international order… the consistent defense of multilateralism is the only path we must follow.”

BRICS Pay and Dollar-Free Infrastructure Expansion

To facilitate this growing currency shift, BRICS is rapidly developing BRICS Pay, a payment system that supports multinational trade in local currencies. While a single unified BRICS currency remains under discussion, BRICS Pay already allows seamless transactions outside the dollar system.

This infrastructure also helps countries circumvent sanctions while maintaining legal trade, contributing to the ongoing decline of petrodollar dominance.

Over 50 nations are now engaging in non-dollar trade across key sectors—marking a turning point in the global financial order.

@ Newshounds News™
Source:  Watcher Guru

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More News, Rumors and Opinions Sunday PM 6-8-2025

KTFA:

Clare:  The President of the Republic of Iraq arrives in France

6/8/2025

Iraqi President Abdul Latif Jamal Rashid arrived in France on Sunday on an official visit to participate in the third United Nations Ocean Conference in Nice.

The President is accompanied on his visit by First Lady Shanaz Ibrahim Ahmed, Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein, and a number of officials and advisors. LINK

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Clare:  Al-Sudani: 80 locally manufactured goods are being exported, and the development path will create a new Iraq.

6/8/2025

Prime Minister Mohammed Shia al-Sudani announced on Sunday that approximately 80 locally manufactured goods are currently being exported abroad, considering the vital "Development Road" project to enable Iraq to become an economic corridor serving the entire world.

Al-Sudani said in a statement during his meeting with a number of sheikhs and tribal leaders in Iraq, on the occasion of Eid al-Adha, that: “The fields of work are witnessing today a great deal of effort and the treatment of poor management and planning, and they have been returned to their proper path.”

He added that there are significant economic reforms underway, and that we have focused on the parallel economic sectors to oil, activating their contribution to the economy. He added, "We have been able to identify 80 Iraqi-made products that are currently being exported."

Al-Sudani continued, saying that Iraq could be an economic corridor serving global trade and the countries of the region, and that the path to development would create a new Iraq. He added, "We have established Iraq's position on various issues and the independence of its political decision-making."

In April 2024, Iraq, Turkey, the UAE, and Qatar signed a quadripartite agreement on the Iraq Development Road Project, under the auspices of Iraqi Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdoğan.

The agreement aims to enhance cooperation regarding Iraq's strategic development project, as the four countries will work to establish the necessary frameworks for its implementation, according to a statement issued by the Prime Minister's Office.

The strategic development road project is expected to contribute to stimulating economic growth and strengthening regional and international cooperation, achieving economic integration and sustainability between East and West.

The project will also increase international trade, facilitate the movement of goods, provide a new competitive transportation route, and enhance regional economic prosperity.

It's worth noting that the "Development Road" project is a land and railway route extending from Iraq to Turkey and its ports. The road and railway span 1,200 kilometers within Iraq and are primarily intended to transport goods between Europe and the Gulf states.

The project's investment budget is approximately $17 billion, including $6.5 billion for the expressway and $10.5 billion for the electric train. It will be completed in three phases, the first of which will end in 2028, the second in 2033, and the third in 2050.

The project is expected to provide approximately 100,000 job opportunities in the first phase, and one million job opportunities upon completion.   LINK

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  Iraq is under sanctions and is not actively traded globally at any significant means.  But when they are, when they do have a real effective exchange rate, there's going to be an impact to all [their] trading partners...When Iraq hits the Forex they're going to be monitoring all those [trading] countries to play by the rules with a level playing field...They're going to have to play fair with real fundamentals...They're not going to want anybody taking advantage of when Iraq has a real effective exchange rate.  They want a stable exchange rate.

MarkZ   [via PDK]  Article:  “The coordination framework calls for resolving disputes between the centre and the region through the legislation of the Oil and Gas Law” ...15 years ago – I was told that when this was done - we go…and quickly. I love seeing this enormous amount of political pressure. This law should be before parliament before the middle of June. 

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Using Gold to Preserve Wealth & Rebuild After the Reset

Gold Rush Hour:  6-8-2025

In this episode of Gold Rush Hour, we break down how gold and silver protect your wealth during economic resets and currency collapses.

Fiat currency experiments eventually fail, and as inflation surges and national debt grows, more people are turning to gold for true financial security.

https://www.youtube.com/watch?v=u6IBeS50uzM

Seeds of Wisdom RV and Economic Updates Sunday Morning 6-8-25

Good Morning Dinar Recaps,

Europe Gears Up to Regulate DeFi in 2026 as MiCA Leaves Sector in Limbo

As the EU’s sweeping MiCA framework rolls out, decentralized finance remains in regulatory gray space — but not for long.

DeFi’s Legal Status Under MiCA Still Unclear

European regulators are preparing to address decentralized finance (DeFi) directly in 2026, but the foundational challenge remains: what does “decentralization” actually mean?

The Markets in Crypto-Assets Regulation (MiCA) — the world’s first comprehensive crypto regulatory framework — came into force on December 30, 2024, aiming to protect investors, fight fraud, and strengthen stablecoin oversight. But DeFi protocols are still operating in a legislative gray zone.

Speaking on Cointelegraph’s Chain Reaction X Spaces on June 4, Vyara Savova, senior policy lead at the European Crypto Initiative (EUCI), pointed out the core issue:

“No one actually knows what EU policymakers mean by DeFi.”

Although MiCA outlines detailed licensing and compliance obligations for centralized actors, DeFi has been left largely undefined — and potentially out of scope.

Mid-2026: The Year of DeFi Regulation in the EU

Savova noted that starting mid-2026, EU authorities will begin the process of legally defining decentralization — a prerequisite for regulating DeFi in earnest. Until then, DeFi platforms operate in uncertainty.

One of the most contested elements of the original MiCA rollout was its treatment of decentralized protocols. Critics argued it imposed the same Know Your Customer (KYC) and licensing requirements on DeFi as it does on traditional financial entities — a problematic mismatch.

However, Recital 22 in MiCA offers some hope. It states that fully decentralized crypto-asset service providers “should not fall within the scope of this Regulation.” The challenge? There’s still no working definition of “fully decentralized.”

MiCA 2? Not Happening, Says EUCI

Despite prior calls — even from European Central Bank President Christine Lagarde — for a MiCA II to address these gaps, that sequel regulation appears to be off the table.

According to Marina Markezic, executive director and co-founder of EUCI:

“You have probably heard about a potential MiCA II. It’s not happening.”

Instead, any updates are expected to be narrow and targeted — particularly around stablecoins — rather than a full legislative overhaul.

MiCA continues to undergo rolling revisions every 12 to 18 months, allowing the EU to respond to emerging gaps without reopening the entire framework.

The Bottom Line

Europe’s crypto regime is evolving — and DeFi is finally in the spotlight. But until lawmakers can clearly define what counts as decentralized, protocols will remain caught between legal categories.

With 2026 shaping up to be a turning point, the EU must now strike a balance between innovation, security, and clarity.

@ Newshounds News™
Source:  Cointelegraph

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XRP Has Privileged Role on XRPL, Ripple CTO Explains Key Advantages

Ripple’s chief technologist underscores XRP’s indispensable position in the XRPL ecosystem, affirming its critical role in liquidity, decentralization, and fee mechanisms.

XRP’s Core Role in the XRPL Ecosystem Reaffirmed by Ripple CTO

Ripple Chief Technology Officer David Schwartz took to X (formerly Twitter) on June 4 to clarify XRP’s foundational place within the XRP Ledger (XRPL).

Responding to community debate about XRPL’s evolving token ecosystem, Schwartz outlined why XRP remains uniquely essential despite the ledger’s growing diversity.

“The XRPL is more than just XRP. There are stablecoins, there will be tokenized real world assets, loans of all kinds of things. A DEX doesn’t work with just one asset.”

That said, Schwartz emphasized that XRP maintains a privileged role in the protocol’s architecture that no other token can replicate.

Why XRP Is Still Indispensable

Schwartz detailed several ways XRP is structurally embedded into XRPL’s functionality:

• Universal Reception: “It’s the only asset that any account can receive.”

• No Counterparty Risk: XRP doesn’t require trust lines or third-party issuers.

• Liquidity First: “Pathfinding checks for XRP liquidity first.”

• Autobridging: The system prioritizes XRP for bridging trades between other assets.

• Fee Payments: XRP is the only asset that can be used to pay XRPL transaction fees.

These design features give XRP an architectural advantage in routing liquidity, powering decentralized exchanges (DEXs), and facilitating trustless payments across the ledger.

Market Value vs. Ledger Utility

Schwartz concluded with a reflection on the difficulty of quantifying XRP’s market value as a function of XRPL’s utility:

“The question to ponder is how much value XRPL can generate and to what extent that can turn into XRP value.”

He noted the challenge in measuring how XRPL adoption directly translates into demand for XRP — but reiterated that its native, non-replicable role within the network is fundamental to any such growth.

While critics have questioned XRP’s dependency on Ripple or the need for a native token, the protocol’s technical framework continually reinforces XRP’s status as the central asset for liquidity, fees, and routing across a growing DeFi landscape.

Bottom Line

As the XRPL expands to support stablecoins, tokenized assets, and loans, XRP remains its keystone. The core functions of the ledger — from payment settlements to DEX operations — are still fundamentally tied to XRP, reinforcing its long-term strategic relevance.

@ Newshounds News™
Source:  Bitcoin News

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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News, Rumors and Opinions Saturday 6-7-2025

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. 7 June 2025

Compiled Sat. 7 June 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 3 June 2025 MarkZ: “I have a number of Bond Contacts who are very excited that things will happen this week. They won’t give specifics, but are very excited.”

Sun. 1 June 2025 Wolverine: “I can’t tell you specifics, but my contacts are very excited that things were happening this week.”

Thurs. 5 June 2025 Bruce: According to Iraqi sources the Iraqi Dinar will be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June. By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account. USTN will be out by Tues. 10 June. Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.

Thurs. 5 June 2025: MAJOR NEWS: RV/GCR is HERE – The Gold Reset is HAPPENING – The Fed is D**D – The Fiat Illusion is Collapsing – Are You Ready? – amg-news.com – American Media Group

Thurs. 5 June 2025: BOOM!!! TRUMP ERASES IRS, LAUNCHES EXTERNAL REVENUE SERVICE – AMERICANS FREED FROM INCOME TAX FOREVER! VIDEO – amg-news.com – American Media Group

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Fri. 6 June 2025 INTEL: Quantum Financial System, Global Currency Reset – Trust the Plan! …Ron Watkins on Telegram

The Quantum Financial System (QFS), Global Currency Reset (GCR), and revolutionary Med Beds are no longer whispers—they are becoming reality. We are witnessing the collapse of the old systems and the rise of a new global order. Buckle up, because this will reshape the world as we know it.

Quantum Internet and QFS: A Game-Changer: Elon Musk has hinted at a quantum internet rollout by the end of the year, aligning with the activation of the Quantum Financial System (QFS). This system promises to secure and decentralize global transactions, wiping out the corruption of central banks and empowering the people.

A mysterious black swan event is expected to trigger the shift, unleashing a domino effect of currency revaluations worldwide. The GCR will redistribute wealth, expose hidden cures, and restore freedom.

Global Currency Reset: A New Dawn: Currencies across the world are preparing for a monumental revaluation. Iraq’s golden dinar, backed by gold, has already been unveiled, signaling the start of the new financial era. This shift isn’t just about money; it’s about taking power away from the elites and returning it to the people. The old systems controlled by the Rothchilds and central banks are crumbling under the weight of this revolution.

Read full post here:  https://dinarchronicles.com/2025/06/07/restored-republic-via-a-gcr-update-as-of-june-7-2025/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   Everybody is waiting for the new exchange rate ...When you see that everything is frozen from coming in, being activated...it's telling you it's waiting on one thing, one thing only and we're this much away from it.

Militia Man  These guys are really gearing to integrate into the international world.  Are they going to do it at 1310?  Well if they were going to why didn't they do that 2 years ago or back in 2018.  We don't know.  The bottom line is they probably weren't going to because it just wouldn't work.

Clare  Article: "Al-Ghariri: Iraq is getting closer to membership in the World Trade Organization."  Quote: "Minister of Trade, Atheer Al-Ghurairi, announced that Iraq has made significant progress in its path towards joining the World Trade Organization, stressing Baghdad's serious commitment and transparency in meeting the requirements of this important international process."

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This Basel III Rule Goes Live in July & It’s the Final Nail in Paper Gold’s Coffin | Andy Schectman

Two dollars Investing:  6-6-2025

Basel III is about to flip the entire gold market on its head—and no one in mainstream finance is talking about it.

In this explosive interview, Andy Schectman reveals how a key rule going live in July could expose the paper gold scam, trigger mass delivery failures, and unleash a flood of demand for physical metal.

Will this be the event that finally breaks COMEX?

Get the full breakdown now—before Wall Street tries to bury it.

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 6-7-25

Good Morning Dinar Recaps,

Crypto Adoption Continues: Apple, X, Airbnb Exploring Stablecoin Integration – Report

As US lawmakers work on passing crucial crypto-related legislation, multiple tech giants are reportedly exploring the adoption of stablecoins to lower transaction costs and streamline cross-border payments.

Apple, Airbnb, X Eye Stablecoin Integration

On Friday, Fortune reported that several Big Tech companies are in early discussions with crypto firms to integrate stablecoins. Sources familiar with the matter stated that Apple, X, Airbnb, and Google are exploring stablecoin adoption to optimize cross-border payments and lower transaction costs.

According to the report, Airbnb has been in talks with crypto companies since the beginning of the year, aiming to reduce high transaction fees charged by processors like Visa and Mastercard by adopting stablecoin solutions.

The short-term rental platform has reportedly discussed the integration with Worldpay, one of its payment processors. Notably, Worldpay recently announced support for stablecoin payouts through its partnership with stablecoin infrastructure provider BNVK.

An Airbnb spokesperson confirmed:

“While crypto payments aren’t something we’re focused on integrating into the platform in the near future, we’re always looking at all aspects of payments for ways to improve our community’s experience with it, including developments in digital assets and their use cases.”

Similarly, Apple has reportedly been engaged in stablecoin-related talks since January. Four sources claim Apple has held conversations with a senior director at Circle, who works on “strategic partnerships in stablecoin payments.”

X (formerly Twitter) is also actively pursuing stablecoin integration into its new payments platform, X Money. The company is reportedly in talks with Stripe to implement this feature. Patrick Traughber, X’s former head of consumer products and payments, initially led the effort before departing in January for the Sam Altman-backed project World. Payam Abedi, a senior engineer at X, has since taken over the initiative.

More Tech Giants Explore Crypto Adoption

Google Cloud is “arguably the furthest along on stablecoin integrations,” the report noted. Google has already accepted payments in PayPal’s PYUSD, a stablecoin that recently cleared a regulatory investigation by the SEC without enforcement action.

Rich Widmann, head of Web3 strategy at Google Cloud, commented:

“It’s pretty clear that this is probably one of the biggest upgrades to payments since the SWIFT network.”

“We’ve invoiced the customer like we would normally invoice them. They’ve paid that bill the way they would normally pay it. But they’ve used stablecoins to effectuate settlement.”

The report also mentions that other tech firms, including Meta, are exploring stablecoin usage. On Thursday, Uber CEO Dara Khosrowshahi revealed that the company is currently in the “study phase” regarding stablecoins for international money transfers.

Chris Ahn, a partner at Haun Ventures, stated:

“[Stablecoins] are this old idea, but finally I think we’ve got the right pieces coming together such that it’s really coming into fruition.”

Regulatory Shift Boosts Momentum

Under the current Trump administration, US regulators have moved away from a punitive “regulation by enforcement” stance. Instead, they are pursuing clear frameworks and detailed guidelines for the digital asset sector.

This shift has accelerated industry adoption, with several Strategic Bitcoin Reserve proposals and crypto Treasury initiatives now gaining attention. Meanwhile, bipartisan efforts in Congress continue to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to provide the US stablecoin industry with a robust legal foundation for growth.

@ Newshounds News™
Source:  Bitcoinist

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US Lawmakers Seek Audit of Federal Gold, Including ‘Deep Storage’

For the first time in over 65 years, Congress is demanding a full-scale audit of America's gold reserves — just as debt surges past $37 trillion and central banks ramp up gold accumulation.

Gold Audit Bill Demands Inventory of All Federal Bullion Holdings

On June 6, 2025, four Republican lawmakers introduced the Gold Reserve Transparency Act (H.R. 3795), calling for a sweeping audit of the United States’ gold reserves — including long-untouched “deep storage” bullion.

Reps. Thomas Massie (R-KY), Troy Nehls (R-TX), Addison McDowell (R-NC), and Warren Davidson (R-OH) co-sponsored the bill, which mandates:

• A full assay, inventory, and physical audit of all U.S. gold within nine months of enactment

• Recurring audits every five years

• Independent oversight by the Government Accountability Office (GAO) and third-party auditors

The scope covers all bullion at depositories, security reviews, and a 50-year forensic analysis of all gold-related transactions, including:

• Leases

• Swaps

• Sales

• Purchases

• Encumbrances

• Gold indirectly held by or through the Federal Reserve, IMF, or foreign central banks

Crucially, the bill bars redactions in the final public report — excluding only physical security protocols. The GAO and its auditors will receive subpoena power to access any relevant facility or record, while the Treasury and Federal Reserve must provide full documentation.

Calls for Transparency Amid National Debt and Gold Repatriation

Stefan Gleason, CEO of the Money Metals Depository, sharply criticized the lack of oversight in past decades:

“The Treasury has lost records and failed to account for vault openings.”

Gleason's Idaho-based facility, notably, is twice the size of Fort Knox.

This movement echoes long-standing calls from figures like Senator Rand Paul and his father Ron Paul, who have both advocated for a Fort Knox audit.

With U.S. national debt surpassing $37 trillion, and Germany repatriating gold from the New York Fed, concerns over American-held gold have escalated. JP Cortez of the Sound Money Defense League called the audit effort a “national security issue,” rejecting performative "walkthroughs" as inadequate.

A Gold Audit vs. Bitcoin’s Blockchain Transparency

While Bitcoin (BTC) enjoys real-time public verification of its entire history and supply via the blockchain, U.S. gold reserves remain shrouded in obscurity.

“Unlike bitcoin, the U.S. gold system lacks inherent transparency,” the bill’s authors contend.

If passed, the Gold Reserve Transparency Act would usher in regular physical audits and the disclosure of decades of potentially opaque transactions — a stark contrast to Bitcoin’s cryptographic, decentralized proof-of-reserve.

What If Fort Knox Is Empty?

Financial provocateur Robert Kiyosaki has added fuel to the fire, warning:

“If Fort Knox’s vaults turn up empty, America’s entire economic infrastructure could come tumbling down.”

The results of the audit — if it passes — are expected to be made publicly available online, setting the stage for a new era of financial transparency or potentially devastating revelations.

@ Newshounds News™
Source:  Bitcoin News

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

Fiat Currencies are on the Verge of Collapse, is Gold the Only Safe Haven?

Fiat Currencies are on the Verge of Collapse, is Gold the Only Safe Haven?

VRIC Media:   6-6-2025

In a recent appearance on Jay Martin’s VRIC Media channel, renowned financial analyst Lynette Zang delivered a stark warning about the long-term ramifications of the recent U.S. credit rating downgrade.

Zang, known for her in-depth understanding of monetary systems and the interconnectedness of global finance, painted a picture of an increasingly unstable world where trust in traditional financial instruments is rapidly eroding.

The interview explored the intricate web of factors contributing to this erosion of trust. Zang delved into the role of persistently high inflation, fueled in part by massive government spending and loose monetary policy, which devalues the purchasing power of fiat currencies.

 She pointed out how central banks, caught between battling inflation and preventing a collapse in asset prices, are struggling to maintain control.

A key point of discussion was the potential unwinding of the yen carry trade. Zang highlighted how the years of ultra-low interest rates in Japan allowed investors to borrow cheaply in yen and invest in higher-yielding assets elsewhere, boosting global markets.

However, with the Bank of Japan now signaling a potential shift in its monetary policy, the unwinding of these trades could trigger significant volatility and further destabilize the global economy.

Zang emphasized that in this environment, relying solely on traditional financial assets like stocks and bonds carries significant risk. She passionately advocated for the importance of owning physical gold and silver as a hedge against inflation, currency debasement, and systemic risk.

The conversation with Jay Martin was far from optimistic, but Zang offered practical solutions for individuals looking to navigate the coming financial turmoil. She urged viewers to educate themselves about the underlying issues, diversify their assets, and prioritize owning tangible assets like precious metals.

This interview serves as an urgent call to action for anyone concerned about preserving their wealth in an increasingly precarious world.

Lynette Zang masterfully connected the dots between sovereign debt, inflation, monetary policy, and the growing need for a safe haven in the form of physical gold and silver.

Her insights provided a chilling, yet crucial, perspective on the current state of global finance and the potential challenges that lie ahead, making it a must-watch for anyone seeking to understand and prepare for the future.

https://youtu.be/6xTcCDS0KL0

News, Rumors and Opinions Friday 6-6-2025

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 Fri. 6 June 2025

Compiled Fri. 6 June 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: It was my understanding that Redemption Centers could give you a higher rate on exchange of your currencies than could a bank. The much higher Dinar Contract rate was only available at a Redemption Center. Zim could only be redeemed at a Redemption Center, not at a bank. They will be sending out notifications on how to obtain an appointment at a Redemption Center and such will be posted in my updates and on various Dinar websites.

Tues. 3 June 2025 MarkZ: “I have a number of Bond Contacts who are very excited that things will happen this week. They won’t give specifics, but are very excited.”

Sun. 1 June 2025 Wolverine: “I can’t tell you specifics, but my contacts are very excited that things were happening this week.”

~~~~~~~~~~~~~

Thurs. 5 June 2025 Bruce:

There were additional banks that have yet to integrate into the Quantum Financial System, Starlink System, Blockchain Technology and Syntax System. That should complete by Sun evening.

24 currencies were going up in value. Korean Won and Taiwan Dollar have been added.

According to Iraqi sources the Iraqi Dinar will be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June.

Some sources said the IRS was gone, the IMF was gone, the SWIFT System was gone.

The new Quantum Financial System was in place and allows you to do an immediate transfer of funds.

By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account.

USTN will be out by Tues. 10 June.

Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.

~~~~~~~~~~~~

Thurs. 5 June 2025: GLOBAL FINANCIAL EMERGENCY! GLOBAL CURRENCY RESET IS HERE! …Ben Fulford on Telegram

The world is on the brink of a catastrophic financial collapse! The Global Currency Reset (GCR), NESARA GESARA, and the Quantum Financial System (QFS) are no longer whispers in the dark. The storm is here, and the elites are scrambling to contain the fallout before the truth reaches YOU!

The black swan event is unfolding before our eyes! The world’s top economies are INSOLVENT! The U.S., Canada, Europe, Japan, Israel, the U.K., Taiwan, Australia, and New Zealand CANNOT sustain their debt any longer. The financial system is crumbling, and a monumental shift is coming that will change everything!

THE GREAT RESET VS. THE PEOPLE’S RESET! They want you distracted while they rewrite the financial order behind closed doors. But here’s the TRUTH: The QFS is set to replace the corrupt banking system that has enslaved us for centuries! This system, rumored to be gold-backed and fully decentralized, will eliminate the central banks and their criminal grip on global finance.

THE EMERGENCY BROADCAST SYSTEM (EBS) IS COMING! In the midst of this chaos, the EBS is primed for activation! Why? Because when the markets implode, when the banks fail, when the truth about NESARA GESARA is finally revealed, the world will enter a new era of financial sovereignty!

We are at the point of no return. The Federal Reserve is dead. The IMF is scrambling. The dollar is collapsing, and the fiat money system is burning to the ground. What will rise from the ashes? A fair, asset-backed system that restores power to the people!

WHAT YOU NEED TO DO NOW! Get cash in hand before bank closures hit! Exit fiat currency NOW – gold, silver, and cryptos (XRP, XLM, XDC) will be the new financial foundation!

Read full post here:  https://dinarchronicles.com/2025/06/06/restored-republic-via-a-gcr-update-as-of-june-6-2025/ 

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man Maintaining foreign cash reserves the country has done a phenomenal job.  They have 160 tons of gold...It covers 140% of their imports and local currency in circulation.  

Clare   Article:   "PM Advisor: Iraq's natural resources are worth more than $16 trillion"   Quote:  "Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its gross domestic product (GDP) sources by expanding investment in the mining sector, He noted that the value of Iraq's natural resources exceeds $16 trillion."

************

China Just Triggered The Final Silver Reversal—And COMEX Can’t Hide It Anymore | Andy Schectman

6-5-2025

China just made a bold silver move that exposed everything the West has been hiding. COMEX just saw its biggest silver delivery in history—and it’s not a coincidence.

 Silver closed at 36.36 in Shanghai, creating an unstoppable arbitrage play that could force a total breakdown of the Western price system.

Andy Schectman breaks down how China’s strategic accumulation, silent silver imports, and record deliveries are setting up a global reversal that Wall Street can no longer suppress.

 From naked shorting to state-sponsored silver hoarding, the truth is finally out.

https://www.youtube.com/watch?v=pZ9VHC5E5TE

Seeds of Wisdom RV and Economic Updates Friday Morning 6-6-25

Good morning Dinar Recaps,

Former CFTC Chair Warns Digital Asset Clarity Act Could Undermine Main Markets

Former Commodity Futures Trading Commission (CFTC) Chair Timothy Massad warned lawmakers that the Digital Asset Market Clarity Act of 2025 (Clarity Act) could create more confusion than clarity while potentially undermining decades of established securities law. 

In testimony before the House Financial Services Committee, Massad argued that effective digital asset legislation for market structure should follow two simple principles: “do no harm and keep it simple.”

Massad emphasized that any digital asset market structure legislation must not undermine the U.S.’s $120 trillion equity and debt markets, which he described as “the foundation of the U.S. economy and the envy of the world.” He cautioned that “legislation that rewrites the definition of a security or revises the Howey test to promote this technology can easily undermine the markets.”

Clarity Act’s Fatal Flaws

The former regulator identified several ways the Clarity Act violates his core principles:

1. Unstable Decentralization Criteria
   Massad criticized the bill’s excessive reliance on decentralization as a regulatory framework, calling it “unstable ground on which to build a regulatory framework.” He noted it is difficult to define and measure, may change over time, and is not necessarily the right metric for judging innovation.

2. Regulatory Gaps Persist
   The Act fails to address the main oversight gap it claims to solve. While it introduces regulation for “digital commodities,” its definition would apply to only a handful of tokens. Exchanges like Coinbase, Kraken, and Gemini list dozens to hundreds of tokens, many of which would still lack meaningful oversight.

3. Regulatory Arbitrage Risk
   At 236 pages long with dense and complex definitions, the legislation opens doors for regulatory loopholes. Massad warned that “many, many lawyers will spend huge amounts of time developing ways to exploit this legislation.” He urged that legislation should focus on high-level principles and leave detailed implementation to experts.

A Simpler Path Forward

Instead of the Clarity Act’s approach, Massad renewed his proposal for a joint Self-Regulatory Organization (SRO) overseen by both the SEC and CFTC. This entity would regulate “any trading platform or other intermediary transacting in Bitcoin or Ether,” covering all digital tokens traded on those platforms.

The proposed SRO would be:

• Tightly supervised by the SEC and CFTC

• Governed independently, with board members and rules approved by the agencies

• Focused on governance, customer protection, conflicts of interest, and anti-fraud

Massad contended this model would deliver comprehensive investor protection quickly by targeting the centralized platforms that dominate crypto spot markets—all without the definitional chaos embedded in the Clarity Act.

@ Newshounds News™
Source:  Ledger Insights

~~~~~~~~~

BRICS: Oil Giant Eyes Chinese Yuan Bonds, Ignores US Dollar Assets

In a breakthrough shift in the financial sector, the BRICS alliance has paved the way for other countries and leading business institutions to look beyond US dollar-based Treasuries and bonds and buy other Asian-based financial assets. 

Kazakhstan, which participates in BRICS Outreach formats, has allowed its state-run oil and gas company KazMunayGas to eye Chinese yuan bonds, leaving aside the US dollar-based bonds and Treasuries for the first time.

The Chinese yuan bonds are cheaper debt compared to the US-denominated financial assets such as Treasuries and bonds. KazMunayGas is also exploring opportunities to issue debt in Arab countries and buy their bonds in a first-of-a-kind development.

 The credit for this new shift goes to the BRICS bloc as they’re convincing firms that there are more options to explore such as the Chinese yuan than just buying US dollar-based assets.

BRICS: Kazakhstan’s Oil & Gas Firm Eyes Chinese Yuan Bonds, Sidelining US Dollar Assets

KazMunayGas is looking to explore cheaper borrowing terms and usher the oil and gas industry into a new era. Reducing US dollar-denominated assets was the primary goal of BRICS and now other countries are following suit.

“We looked at all options. Currently, there is a possibility to sell dim sum, and panda bonds,” said CEO Askhat Khassenov to Bloomberg. “Dim sum and panda bonds offer rather good conditions,” said Khassenov.

For the uninitiated, dim sum bonds refer to notes denominated in the offshore Chinese yuan. It mainly trades outside mainland China. In addition, panda bonds are yuan debt sold by foreign borrowers in China’s domestic market. It might not take much time before state-run oil firms from BRICS countries start eyeing Chinese yuan bonds.

The BRICS development will add a dent in the US dollar-denominated assets while Chinese yuan bonds go for the win. This is the first such instance where the yuan assets are being considered—and might not be the last either.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Expect a Gold-Backed Chinese Yuan

Expect a Gold-Backed Chinese Yuan

Liberty and Finance:  6-6-2025

The global financial system teeters on the precipice of a seismic shift, according to renowned financial analyst Alasdair Macleod.

In a recent interview with Liberty and Finance, Macleod issued a stark warning: the U.S. bond market is dangerously mispriced, and the consequences could be catastrophic.

Macleod argues that rising interest rates are failing to compensate for the burgeoning credit risks inherent in U.S. Treasuries, particularly for foreign investors. This mispricing, he believes, stems from a fundamental misunderstanding of risk within the market, a situation exacerbated by declining confidence in the very foundation of the Western financial system: U.S. government bonds.

While the West remains tethered to the increasingly precarious world of fiat money, Macleod points to China’s strategic accumulation of gold over the past decades as a game-changing move.

China’s objective, according to Macleod, is clear: to internationalize the yuan and eventually back it with gold, offering a tangible alternative to the dollar’s weakening grip on global trade.

This highlights a fundamental difference in perspective. While Western nations cling to the illusion of control through fiat currencies and increasingly invasive Central Bank Digital Currencies (CBDCs), China recognizes the timeless value of gold as real money.

Macleod argues that everything else, including government bonds and CBDCs, is merely credit or a tool for political control.

Macleod’s analysis paints a grim picture of the future, dominated by rising geopolitical tensions, weakening global currencies, and the looming threat of a bursting credit bubble. The sheer scale of this bubble, he warns, is unprecedented in history.

In light of these impending economic storms, Macleod urges individuals to prioritize wealth preservation, emphasizing the enduring value of physical gold. He contends that gold serves as a vital hedge against the risks inherent in the current financial climate, acting as a safe haven amidst the turmoil and uncertainty.

Macleod’s analysis is a sobering reminder of the fragility of the global financial system. His call to action serves as a vital warning, urging individuals to reconsider their financial strategies and prioritize the preservation of their hard-earned wealth in the face of growing economic and geopolitical instability.

As the canary in the coal mine falls silent, individuals must heed the warning and prepare for the turbulent times ahead. The clock is ticking.

https://youtu.be/88JXAHjc1DU

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 6-5-25

Good Afternoon Dinar Recaps,

RWA Token Market Grows 260% in 2025 as Firms Embrace Regulating Crypto

RWAs are benefiting from increasing U.S. crypto regulatory clarity, which has pushed the tokenization sector past $23 billion.

The tokenization of real-world assets (RWAs) surged in the first half of 2025 as increased regulatory clarity fueled broader adoption of blockchain-based financial products.

Real-world asset tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities for these assets.

The RWA market surged more than 260% during the first half of 2025, surpassing $23 billion in total valuation. It stood at just $8.6 billion at the beginning of the year, according to a Binance Research report shared with Cointelegraph.

Tokenized private credit led the RWA market boom, accounting for about 58% of the market share, followed by tokenized U.S. Treasury debt at 34%.

“As regulatory frameworks become clearer, the sector is poised for continued growth and increased participation from major industry players,” the report said.

Although RWAs currently lack a dedicated regulatory framework and are considered securities by the U.S. Securities and Exchange Commission (SEC), the sector is still benefiting from broader regulatory developments in crypto.

On May 29, the SEC issued new guidance on cryptocurrency staking, a move widely interpreted as a sign of “more sensible regulation.” Alison Mangiero, head of staking policy at the Crypto Council for Innovation, called the guidance a “significant win” for the industry.

The market is also awaiting a full Senate vote on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which seeks to establish clear rules for stablecoin collateralization.

Other analysts cited Bitcoin’s temporary price consolidations as a major driver for RWA growth, positioning the sector as a safer investment option with more predictable yields.

Corporate FOMO Fuels Bitcoin Balance Sheets

A renewed corporate “FOMO” — fear of missing out — is inspiring more companies to adopt Bitcoin on their balance sheets.

As of now, at least 124 public companies hold Bitcoin as part of their corporate treasury, according to data from BitcoinTreasuries.NET.

While the summer may typically slow crypto activity, Binance Research noted that broader macro conditions and regulation will dictate the speed of future corporate adoption. They explained:

“Corporate BTC adoption is driven by long-term balance sheet strategy, treasury diversification and capital-raising activity.”

Long-term perspectives — not short-term liquidity or seasonal trends — are expected to continue shaping how and when corporations move to integrate Bitcoin into their financial frameworks.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

BRICS vs G7: Who Is Richer in 2025?

BRICS is competing with G7 to take on the monetary world and influence trade policies to its benefit. The alliance is a towering figure in the global markets threatening the global financial order. The ultimate goal is to tilt the power from the West to the East and usher the world into a new financial order. Now that BRICS is competing with G7 on the international stage, let’s see which alliance is richer in 2025.

Richest Alliance in 2025: G7 or BRICS?

1. Alliance Overview

• BRICS Members (10 countries): Brazil, Russia, India, China, South Africa, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran

• Population: 3.5 to 4 billion (40–45% of world)

• Strengths: Natural resources, energy dominance, rising middle class, growth potential

• G7 Members (7 countries): United States, Canada, France, Germany, Italy, Japan, and the United Kingdom

• Population: 800 million (10% of world)

• Strengths: Wealth, controls global financial institutions, wider financial influence, technological supremacy

2. Economic Comparison in 2025

• BRICS:

• Nominal GDP: $30–32 trillion

• GDP in Purchasing Power Parity (PPP): $60–65 trillion

• Global GDP Share: 30% (Nominal), 35% (PPP)

• G7:

• Nominal GDP: $45–50 trillion

• GDP (PPP): $45–47 trillion

• Global GDP Share: 45% (Nominal), 30% (PPP)

3. Final Verdict: So Who Is Richer?

The final verdict goes to G7 and not the BRICS alliance, as the Western bloc remains richer in traditional economic terms. It is an economic superblock with real-world financial leverage that can make or break global markets. The G7 controls global banking and financial institutions worth trillions of dollars, with higher per-capita wealth and global geopolitical dominance.

On the other hand, BRICS is rising in power but still lacks per-capita wealth and is struggling to gain cohesive global influence. The alliance is also divided on internal policies, while the G7 remains a closely knit, coordinated economic force.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Wednesday Morning 6-4-25

Good Morning Dinar Recaps,

SEC CHAIR PAUL ATKINS SAYS IT'S A ‘NEW DAY’ FOR THE AGENCY, CALLS FOR ‘RATIONAL’ CRYPTO REGULATION

Paul Atkins is promising a “rational” approach to rulemaking instead of enforcement, as lawmakers eye sweeping reforms.

▪️ SEC Chair Paul Atkins said Tuesday the agency will prioritize "clear rules of the road" for crypto.
▪️ He testified that investor protection and innovation require regulatory clarity.
▪️ But some lawmakers are pushing for the CLARITY Act to shift oversight away from the SEC.

U.S. Securities and Exchange Commission Chair Paul Atkins is continuing on his crusade to bring a “new day” to the SEC and shift the agency's stance toward digital assets.

Testifying before the Senate Appropriations Subcommittee on Financial Services and General Government on Tuesday, Atkins vowed to pursue a "rational regulatory framework" for crypto assets, prioritizing rulemaking and transparency over enforcement actions.

“Clear rules of the road are necessary for investor protection against fraud—not the least to help them identify scams that do not comport with the law,” he said.

“Policymaking will be done through notice and comment rulemaking, not through regulation-by-enforcement,” Atkins added.

Atkins, a veteran of the SEC, was confirmed in April after a lengthy and partisan nomination process.

His return marks a stark departure from the approach taken by his predecessor, Gary Gensler, whose tenure was marked by enforcement actions against crypto firms and a broad interpretation of securities laws that made him unpopular with the crypto industry.

Since Gensler’s exit, the SEC has dropped several high-profile lawsuits, first under interim chair Mark Uyeda and then under Atkins, and has issued guidance for multiple categories of crypto, including exempting certain staking activities from securities regulation.

The agency's evolving posture comes amid growing momentum in Congress to strip the SEC of its authority over crypto altogether.

Last week, lawmakers introduced the CLARITY Act, which would amend securities laws to exempt most crypto assets from SEC jurisdiction and establish a new legal framework.

“Our bill secures American dominance, democratizes digital assets, unleashes innovation, and protects consumers from fraud,” said Rep. Bryan Steil (R-WI), chair of the House’s Financial Services Subcommittee.

However, Democratic staffers on the House Financial Services Committee have criticized the SEC for withholding an impact analysis of the bill, raising concerns that the proposal could create loopholes for traditional finance under the guise of blockchain adoption.

Atkins acknowledged the shifting legislative landscape but emphasized the role of the SEC's new Crypto Task Force and upcoming DeFi roundtable in supporting innovation.

"I anticipate benefits from this market innovation for efficiency, cost reduction, transparency, and risk mitigation," he said.

@ Newshounds News™
Source: Decrypt

~~~~~~~~~

Trump's CFTC Pick Brian Quintenz Set for Senate Hearing on June 10

Brian Quintenz, head of global policy at a16z crypto and former CFTC commissioner (2017–2021), is scheduled to appear before the Senate Agriculture Committee for his nomination hearing on June 10 at 3:00 p.m. The hearing could pave the way for his return—this time as Chair of the U.S. Commodity Futures Trading Commission (CFTC).

Trump’s Nominee Pushes for Senate Support

In February, former President Donald Trump nominated Quintenz to lead the CFTC. Since then, Quintenz has met with lawmakers, including Sen. John Boozman, to gain support. “We discussed the critical role the CFTC and its markets play in risk management throughout the economy, supporting our agriculture sector, and promoting innovation,” Quintenz posted on X after the meeting.

The Senate Agriculture Committee added: “His previous experience as a CFTC Commissioner and knowledge of derivatives and emerging markets will serve him well as leader.”

CFTC in Flux as Leadership Changes Unfold

Quintenz’s nomination arrives during a major leadership shuffle at the agency—four commissioners have recently stepped down or announced departures. His return could reshape the CFTC’s future, particularly regarding digital assets and crypto regulation, as Washington seeks to clarify the agency’s jurisdiction over various segments of the crypto markets.

Crypto Focus and Potential Conflicts of Interest

Quintenz is expected to bring crypto policy to the forefront if confirmed. He recently disclosed $3.4 million in assets, including positions in crypto-linked companies such as Kalshi, a prediction markets platform previously entangled in a long legal battle with the CFTC.

Quintenz has assured lawmakers that he would relinquish any roles or financial ties that could pose conflicts of interest if confirmed.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

CALIFORNIA ASSEMBLY PASSES BILL TO ALLOW CRYPTO PAYMENTS TO STATE

Assembly Bill 1180 moves to Senate after unanimous approval, could make California a crypto-forward state by 2026.

▪️ California’s AB 1180 passed the State Assembly in a 68–0 vote.
▪️ The bill would allow crypto payments to state agencies under the Digital Financial Assets Law.
▪️ If passed by the Senate and signed by the governor, it would go into effect July 1, 2026.

California has taken a major step toward embracing digital assets, as Assembly Bill 1180 (AB 1180)—which would permit state departments to accept cryptocurrency for fees and transactions—cleared the California State Assembly with a unanimous 68–0 vote on June 2. The legislation will now move forward to the State Senate.

If passed, the bill mandates the Department of Financial Protection and Innovation (DFPI) to create a regulatory framework under which digital assets could be accepted for payment under the Digital Financial Assets Law (DFAL). The DFPI is California’s main financial regulator, balancing consumer protection with responsible innovation.

If signed into law by Governor Gavin Newsom, AB 1180 would go into effect on July 1, 2026.

According to the bill’s sponsor, Democratic Assemblymember Avelino Valencia, a pilot program would run until January 1, 2031, at which point full implementation would begin.

California could soon join states like Florida, Colorado, and Louisiana, which already accept crypto payments for specific obligations. If enacted, the DFPI would also be required to submit a comprehensive report by January 1, 2028, documenting all crypto transactions processed, as well as any technical and regulatory hurdles faced along the way.

Under DFAL, a crypto transaction is defined as a digital representation of value used as a medium of exchange, but not legal tender.

The bill underwent four amendments before passing, including the removal of a section related to ride-sharing and personal vehicles.

“Bitcoin Rights” Bill Also Progressing

AB 1180 is designed to complement another legislative effort, AB 1052, also known as the “Bitcoin Rights” bill. That legislation, which passed its first committee with an 11–0 vote on May 23, seeks to ensure that crypto self-custody and private payments remain legal and protected throughout the state.

If passed, AB 1052 would legally recognize digital assets as a valid form of payment in private transactions and prohibit public entities from banning or taxing crypto based solely on its use in payments.

California already has a budding crypto economy, with 117 merchants accepting Bitcoin payments, according to BTC Maps data.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

America Urges India To Reject BRICS: ‘Do Business With the US’

U.S. Commerce Secretary Howard Lutnick said that the United States could reach a trade agreement soon with New Delhi. Lutnick touched upon various pain points between the two nations and suggested that India should scale back its involvement in BRICS and maintain cordial business relations with the U.S.

He said that India rubbed the U.S. the wrong way after buying military equipment from its BRICS counterpart, Russia. “There were certain things that the Indian government did that generally rubbed the United States the wrong way. For instance, generally buying your military gear from Russia,” he said.

To mend things, he noted that the Modi government is now buying military arms from the U.S. “So I think India is starting to move towards buying military equipment from the United States, which then goes a long way,” he added.

BRICS: U.S. Urges India To Open Up Their Markets: ‘We Want Access to Business and Finance’

Reports suggest that the U.S. is using India as a stepping stone to disintegrate the BRICS alliance. Many countries tried to reach out to the U.S. with new trade deals after Trump imposed tariffs on various goods. Lutnick appreciated India’s efforts to be among the early countries to amend trade policies that could benefit the U.S. “I think India is trying hard to be one of the earlier countries (to reach a trade deal with the U.S.), which I appreciated,” he said.

He added that the U.S. would want access to BRICS member India’s markets to reduce the trade deficit. “But what I hope to achieve is we would like market access. We would like our businesses to have reasonable access to the markets of India. We want to have the trade deficit reduced,” he said.

Lutnick revealed that the U.S. will also allow special access to BRICS member India if it opens up its markets. “Now, in exchange for that, what India is going to want is certain key markets to make sure that they have special access to the American marketplace,” he summed up.

India Had Rejected De-Dollarization Early This Year

BRICS member India had openly stated that the country is disinterested in the de-dollarization agenda. The Modi government made it clear that they want cordial ties with the U.S. and do not want to upend existing trade deals. India’s GDP is growing, and without the help of the U.S., business transactions would come to a standstill.

Cutting ties with America is a risky affair for the Modi government, as the Prime Minister does not want to hamper the growing GDP of the country. In addition, India hosts the largest IT sector for the U.S., and the two have been going hand-in-hand for three decades. If the country messes up with its IT sector, businesses could move to other developing nations. Therefore, BRICS member India will have more to lose than gain if it ends its reliance on the U.S. dollar.

Also, Trump has always called Modi his good friend, and the two share warm and gracious relations. Both leaders highly praise the other, calling each other’s decisions tough and bold. India is the only country in BRICS that has openly shown support for the U.S. dollar by rejecting de-dollarization.

India’s Market Potential Remains a Key Focus

The U.S. knows that BRICS member India has a huge market with potential returns worth billions of dollars. Its population of 1.4 billion people holds the key to revenues and profits worth millions and billions. Elon Musk’s Starlink is also looking at an entry into the Indian markets to provide high-speed internet connections. They are also planning to make the pricing affordable to cater to a larger section of the Indian audience.

@ Newshounds News™
Source:  Watcher.Guru

~~~~~~~~~

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Economist’s “News and Views” 6-3-2025

Post-Dollar World Incoming as Global Reset Unfolds

Taylor Kenny:  6-3-2025

Nations across the globe are dumping Treasuries, creating new trade systems, and turning to gold.

This is not just an economic trend, it is a full blown monetary reset that is already in motion.

Don’t let your financial future become another Blockbuster story.

See how gold is taking center stage and what you can do to prepare before the reset hits

https://www.youtube.com/watch?v=v_84VW1feBs

U.S. Funding Crisis: Fed’s QE Is Coming by September, Gold to Soar to $4,500-$5,000 | Adrian Day

Kitco News:  6-3-2025

Gold is surging above $3,350 and silver just broke $34, but are we witnessing a true breakout, or just another head fake?

Adrian Day, Chairman and CEO of Adrian Day Asset Management, returns to Kitco News from the Mining Investment Event in Quebec City to break it all down.

 He explains why gold’s fundamentals remain rock solid, central banks are still buying, and why miners remain deeply undervalued despite record margins. Key points:

Gold and silver rally as OECD slashes global growth forecast

Central bank demand for gold remains strong, despite slowing pace

Mining stocks are undervalued – Barrick and Agnico singled out

Day expects QE by September, not rate cuts

Bullish on gold, uranium, and copper through 2026

https://www.youtube.com/watch?v=BaL1X-kSK3M

Is China about to reset the gold price?

Goldcore TV:  6-3-2025

In a move that could reshape global finance, #China is quietly rewriting the rules of the game.

The Shanghai Futures Exchange is opening its #gold futures market to overseas investors, tying pricing to real physical delivery.

This isn’t just another market tweak. It’s a bold step in Beijing’s long-term plan to move global financial power east. At the heart of that plan lies a potent combination: gold and the #yuan.

China is moving away from US Treasuries, building its gold reserves, and slowly constructing an alternative financial system that doesn’t rely on the dollar.

 While the West drowns in debt, rising yields, and fragile banks, China is offering the world something different: monetary sovereignty backed by something real.

 Could Shanghai become the new centre of global gold pricing? Is China preparing to back the yuan with gold? And what happens when physical gold, not leveraged paper, sets the price?

This is not about headlines or posturing. It’s about vaults, strategy, and power.

The dollar may still dominate, but China isn’t just participating in the system anymore. It’s rebuilding it.

Watch to understand how gold is becoming the quiet core of a global financial reset.

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-3-25

Good Morning Dinar Recaps,

Opening Remarks by Chair Jerome H. Powell
At the Division of International Finance 75th Anniversary Conference, Federal Reserve Board, Washington, D.C.

Chair Jerome Powell opened the 75th Anniversary Conference of the Division of International Finance (IF) by emphasizing the division's indispensable role in shaping U.S. monetary policy and global economic strategy over the past seven decades.

“In my time at the Fed, the IF division has provided invaluable insight into global economic activity, international trade and capital flows, and developments in foreign financial markets,” Powell noted. “Your research and analysis are critical inputs into our monetary policy decisions.”

A New Era for the Global Economy

The IF division was officially established on July 1, 1950, rooted in the post-WWII emergence of the U.S. as a global economic superpower. Powell highlighted a 1948 memo that called for its creation, which stated:

“Problems of international economics and finance have become increasingly large, complex, and significant in recent years…”

“That is the rare economic forecast that turned out to be spot on,” said Powell.

With the Bretton Woods Agreement placing the U.S. and the Fed at the center of the postwar financial system, the need for global economic expertise became clear.

The division has since evolved to monitor foreign policies, model global economic interactions, and help navigate volatile currency markets—especially after the fall of Bretton Woods in the 1970s.

Modeling the World Economy

One of the division's most important contributions has been its development of macroeconomic modeling tools. Under Ralph Bryant’s leadership, the IF division launched its first multicountry model, laying the groundwork for today’s sophisticated simulations.

“These models have proven useful for understanding how international shocks transmit through the economy and financial markets…” Powell explained. They provide core insights that inform research papers, FOMC briefings, and risk assessments used in monetary policy deliberations.

Prepared for Global Crisis

Powell recalled the IF division's instrumental role during numerous global crises—from the Latin American debt crisis of the 1980s to the Global Financial Crisis and the COVID-19 pandemic.

During the 2008 crisis, the division helped design swap line arrangements with major central banks to restore dollar liquidity. In 2020, the team spearheaded the FIMA Repo Facility, ensuring dollar availability during pandemic-induced turmoil.

The division has since developed new uncertainty indexes to measure geopolitical, inflation, trade, and economic risks, sharpening the Fed’s ability to anticipate and respond to global shocks.

Conclusion: A Legacy of Global Insight

In his closing remarks, Powell praised the IF division's enduring contributions:

“For 75 years, nine Fed chairs and countless Board members have greatly benefited from the guidance and counsel of IF staff—not just in times of crisis, but in our ongoing global engagements.”

He emphasized that the division’s deep expertise, research excellence, and global relationships continue to make it a cornerstone of the Federal Reserve’s ability to navigate the complexities of the international economy.

@ Newshounds News™
Source:  FederalReserve.gov

Live on Youtube:  Link

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BRICS: Morgan Stanley Bets the US Dollar To Decline

The DXY index, which tracks the performance of the US dollar, has failed to sustain levels above 100 for over two months. The greenback continues to slide back to the 98–99 range every time it reaches the 100 mark. In contrast, local currencies are gaining momentum, outperforming the USD.

With BRICS currencies surging and the global financial tide shifting, Morgan Stanley has issued a stark warning: the US dollar is poised for further decline.

Morgan Stanley Forecasts a 9% Drop in the Dollar

As BRICS intensifies efforts to de-dollarize, Morgan Stanley predicts that the US dollar could fall by another 9%, possibly dipping back to levels last seen during the COVID-19 crisis. The bank's analysts foresee the DXY index dropping to 91, a level not touched in five years, despite global markets largely recovering from pandemic disruptions.

In their latest strategy note, Morgan Stanley wrote that the 10-year Treasury yields could also fall to 4% by year-end, reinforcing the notion that investors are moving away from U.S. assets.

“The outlook for the US dollar is questionable as de-dollarization soars among BRICS nations,” the report stated.

Currency traders are increasingly exploring local currencies as alternatives to the USD, especially as the greenback’s performance continues to lag. On just one recent Monday trading session, the USD dropped 0.51 points, remaining in the red from the opening bell.

Dollar Under Pressure as Global Sentiment Shifts

So far this year, the US dollar is down nearly 9%, even hitting a 12% loss in April following Trump’s "Liberation Day" tariffs. At the time, Morgan Stanley cautioned that BRICS could capitalize on these developments to further the de-dollarization agenda.

It’s not just BRICS members gaining ground. The euro, Chinese yuan, Japanese yen, and Indian rupee are all rising to challenge the greenback’s dominance.

“We think rates and currency markets have embarked on sizeable trends that will be sustained — taking the US dollar much lower and yield curves much steeper — after two years of swing trading within wide ranges,” said Morgan Stanley.

Euro, BRICS Currencies Gain Ground

In June, the Swiss franc, euro, and India’s rupee emerged as the biggest winners against the US dollar. Morgan Stanley strategists anticipate these rival currencies will continue outperforming the USD amid growing global discontent over U.S. tariffs and trade wars.

They project the euro could hit 1.25 by next year, rising from its current 1.13 level. This shift would signify a substantial blow to the USD and a strategic win for the BRICS bloc, which aims to redistribute global power from the West to the East.

Conclusion: Urgency for the White House and Fed

The BRICS alliance is gaining traction as demand for local currencies climbs, while the US dollar continues to weaken. Morgan Stanley's forecast is a wake-up call:

“The White House must take immediate steps to stop the USD’s erosion or fall prey to the de-dollarization agenda.”

This is no longer a theoretical concern. If current trends hold, the next decade could look very different, with the USD no longer holding global supremacy. The Federal Reserve and U.S. policymakers must act quickly to address these shifting dynamics—or risk watching the dollar’s era of dominance fade. 

@ Newshounds News™
Source:  Watcher.Guru

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