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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Monday Morning 6-16-25

Good Morning Dinar Recaps,

Coinbase & Gemini Secure EU MiCA Licenses Amid Malta–Lux Clash

Two of the crypto industry's biggest names—Coinbase and Gemini—are finalizing regulatory approvals under Europe's new MiCA framework, but their divergent paths have sparked debate across the continent. With Malta’s fast-tracking and Luxembourg’s slower, high-standard approach, the European crypto regulatory landscape is entering a pivotal phase.

Good Morning Dinar Recaps,

Coinbase & Gemini Secure EU MiCA Licenses Amid Malta–Lux Clash

Two of the crypto industry's biggest names—Coinbase and Gemini—are finalizing regulatory approvals under Europe's new MiCA framework, but their divergent paths have sparked debate across the continent. With Malta’s fast-tracking and Luxembourg’s slower, high-standard approach, the European crypto regulatory landscape is entering a pivotal phase.

Coinbase and Gemini: Two Roads to MiCA Approval

▪️ Coinbase is seeking its EU MiCA license via Luxembourg, a globally respected financial center.
▪️ Gemini, meanwhile, is nearing imminent approval from Malta, which has already licensed OKX and Crypto.com within weeks.
▪️ This divergence is testing European Union regulatory consistency, as MiCA allows member states to issue single-market licenses to crypto firms.

Malta’s Fast-Track Raises Eyebrows

Malta’s rapid approval process is under scrutiny by regulators from other EU countries. Critics argue that a “license shopping” effect could emerge, where firms seek out the most lenient jurisdictions.

▪️ France’s AMF warned of a “regulatory race to the bottom,” pointing to Malta's small regulatory staff.
▪️ Malta’s MFSA defended its speed, saying: “Expedited processing was due to our in-depth understanding acquired over these years.”

Luxembourg's Deliberate Approach

Coinbase has taken a more measured route via Luxembourg, with its MiCA application underway for months.

▪️ A Coinbase representative emphasized Luxembourg’s global financial credibility, calling it “a high-bar, well respected financial centre.”
▪️ The firm plans to hire over 20 new staff in Luxembourg by year-end, expanding its existing 200-person European team.

MiCA Faces Its First Real Test

As the first major MiCA licenses are issued, the EU's ability to maintain regulatory uniformity is being put to the test.

▪️ Central Bank Governor Gabriel Makhlouf previously compared crypto to a Ponzi scheme, warning: “Most of the time when you gamble, you’re actually losing.”
▪️ ESMA is now examining Malta’s process closely, with a report to be shared among member states in the coming weeks.

What's at Stake

With the Gemini MiCA approval and Coinbase EU MiCA license serving as precedent, these cases could define:

  • Whether MiCA's promise of harmonization will hold

  • How jurisdictional competition might impact investor protections

  • The degree of regulatory trust within the EU's internal crypto market

As regulatory friction builds, Europe’s new crypto era is taking shape—and the outcomes of these licenses may define the rules of engagement for years to come.

@ Newshounds News™
Source: 
Watcher Guru

~~~~~~~~~

Vietnam Passes Landmark Law Defining Digital Assets, Boosting AI and Chip Sectors

Vietnam has taken a major step forward in regulating crypto and accelerating digital innovation. A new law passed by the National Assembly legalizes digital assets and lays the foundation for massive state-backed investment in semiconductors, AI, and digital infrastructure. The move positions Vietnam as one of the first nations with a comprehensive legal framework for digital assets.

Clear Rules for Crypto—And Major Incentives for Tech

▪️ The Law on Digital Technology Industry, passed with 441 out of 445 votes, takes effect January 1, 2026.
▪️ It formally classifies digital assets into three categories: virtual assetscrypto assets, and other digital assets—each with defined property rights under civil law.
▪️ The law ends the regulatory gray zone that pushed Vietnamese crypto startups to relocate abroad.

What the Law Covers

▪️ Virtual assets: Used for exchange or investment, not recognized as currency.
▪️ Crypto assets: Authenticated and transferred via encryption and blockchain.
▪️ Other digital assets: Encompassing non-financial digital goods.
▪️ Securities, fiat tokens, and other financial instruments are excluded from these definitions.

A Homecoming for Crypto Innovation

Vietnam’s crypto ecosystem had seen explosive growth despite unclear laws.

▪️ The country ranked 5th globally in crypto adoption in 2024, per Chainalysis.
▪️ Over $105 billion in blockchain investments entered Vietnam during 2023–24—mostly routed through offshore entities.
▪️ Prime Minister Pham Minh Chinh had previously ordered crypto regulation development to support his 8% GDP growth target.

The new law is designed to bring crypto firms back home by offering both legal certainty and economic incentives.

Vietnam Bets Big on AI, Chips, and Data Centers

Beyond crypto, the legislation signals a bold national tech agenda:

▪️ Aims to grow to 150,000 digital technology enterprises by 2035.
▪️ Offers corporate tax rates as low as 10% for 15 years for qualifying tech firms.
▪️ Waives import duties and land rental fees for digital infrastructure, AI, and semiconductor ventures.
▪️ Projects investing $80M+ in data centers or $160M+ in chip fabs qualify for "special" status—triggering perks like five-year personal tax exemptions for foreign experts.

Vietnam explicitly states its goal to become “an essential link in the global semiconductor supply chain.”

This landmark legislation is more than crypto regulation—it's a full-scale blueprint for transforming Vietnam into a leading digital economy in Asia.

@ Newshounds News™
Source: Decrypt

~~~~~~~~~

BRICS Just Launched a New Energy Alliance Backed by Petro-Yuan Deals

The BRICS energy alliance has officially launched a coordinated system of petro-yuan oil contracts, directly challenging the U.S. dollar’s dominance in global energy markets. With an expanded bloc now controlling 46 million barrels per day of oil production, BRICS is rapidly implementing currency shift mechanisms—including yuan-denominated contractsrupee-ruble swaps, and local currency financing—marking the most significant threat to U.S. financial hegemony since Bretton Woods.

How BRICS Plus Is Reshaping Global Energy Markets and Challenging Dollar Hegemony

Energy Production Powerhouse Emerges

▪️ The expanded BRICS energy alliance includes Saudi Arabia, Russia, Iran, UAE, and Brazil, jointly producing nearly a quarter of global oil—totaling 46 million barrels per day.

▪️ Gas reserves are even more concentrated, with Russia, Iran, Qatar, Algeria, and UAE now holding two-thirds of global reserves.

▪️ Petro-yuan transactions are rising sharply. In one year, 60% of yuan-denominated crude oil trades took place on the Shanghai Stock Exchange, bypassing the U.S. dollar entirely.

▪️ Strategic energy infrastructure projects like the Power of Siberia 2 pipeline—linking China, Kazakhstan, and Russia—are set to be operational by late 2025, further boosting BRICS' influence.

Payment Revolution Underway

▪️ Energy payments are shifting away from SWIFT and dollar dominance:

  • Russia and India now settle in rupee-ruble swaps.

  • China and Saudi Arabia process billions through yuan-riyal channels.

  • The Riyadh Royal Court has reportedly reviewed the dollar-denominated oil contract system.

▪️ By early 2025, yuan-based oil trades represented 24% of daily Brent crude volume—a significant erosion of dollar exclusivity.

▪️ These developments form a parallel financial infrastructure, operating independently of Western-controlled systems.

Development Bank Financing Shift

▪️ The New Development Bank (NDB), a BRICS financial arm, is aiming for 30% of all lending in local currencies by 2026, up from 22% today.

▪️ The bank maintains a $5 billion annual lending target while reducing its dependence on the U.S. dollar.

▪️ Major projects now financed in local currencies include:

  • Nairobi-SGR railway renovation (Kenya)

  • Johor Baru port expansion (Malaysia)

▪️ Petro-yuan oil contracts are thus not confined to commodities—they underpin broad development financing as well.

Challenges and Future Implications

▪️ The BRICS bloc still grapples with internal tensions, such as the India-China border dispute and Iran-Saudi regional rivalry.

▪️ A unified BRICS currency remains elusive, requiring full consensus, and members have divergent views on implementation.

▪️ The U.S. dollar still dominates, accounting for 59% of global reserves compared to just 2.48% for the yuan. But that gap is being challenged in practical terms.

▪️ Analysts describe this moment as the “first defeat of the invincible army”—not a full collapse of dollar dominance, but a fundamental shift to multi-currency energy systems.

A New Global Financial Map in the Making

BRICS' energy initiatives effectively transform the dollar from a compulsory tool to an optional one. While the U.S. retains unmatched military spending—$750 billion annually—its monetary control in global trade is no longer absolute.

Through the petro-yuan contractslocal-currency development loans, and alternative payment systems, the BRICS energy alliance offers a functional route for Global South nations to escape Western financial dependency.

This marks the most substantial de-dollarization movement in decades, with real-world energy trade flows and infrastructure spending steadily redesigning the global economic landscape—outside traditional, Western-led frameworks.

@ Newshounds News™
Source: 
Watcher.Guru

~~~~~~~~~

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Sunday Morning 6-15-25

Good Morning Dinar Recaps,

Israel–Iran Conflict Could Trigger Economic Maelstrom Affecting Millions
The ongoing conflict between Israel and Iran threatens to severely disrupt global markets and may cascade into a broader geopolitical and economic crisis. At the heart of this threat lies the Strait of Hormuz, a critical chokepoint for global oil flows, which Iran is considering closing in response to Israeli military actions.

Good Morning Dinar Recaps,

Israel–Iran Conflict Could Trigger Economic Maelstrom Affecting Millions
The ongoing conflict between Israel and Iran threatens to severely disrupt global markets and may cascade into a broader geopolitical and economic crisis. At the heart of this threat lies the Strait of Hormuz, a critical chokepoint for global oil flows, which Iran is considering closing in response to Israeli military actions.

Iran–Israel Conflict Might Upend the World’s Oil Markets

Geopolitical tensions are once again shaking world markets. The confrontation between Iran and Israel, if escalated further, could drastically impact global oil supply, sending prices soaring and reviving oil’s title as “black gold.”

▪️ The Strait of Hormuz, gateway from the Persian Gulf, handles 20% of the world’s oil exports
▪️ Iran is threatening to close the strait in retaliation for Israeli military strikes
▪️ A closure would represent a global energy shock with vast ripple effects on industry and supply chains

According to reports, Sardar Esmail Kowsari, Commander of the Iranian Revolutionary Guard, has declared that Iran would make “the best decision with determination” regarding the potential closure of the Strait.

Security analyst Claude Moniquet warned that this move would be “a disaster for Europe,” impacting energy markets across the globe. A 20% reduction in global oil flow could spark:

  • A massive spike in oil prices

  • Disruptions to global supply chains

  • Industrial slowdowns in Europe and Asia

Oil Already Reacting as Risk Mounts

The markets are already pricing in these geopolitical risks. Since the early bombings:

▪️ Oil futures have surged past $70, reaching as high as $77
▪️ Volatility is expected to increase as conflict risk grows
▪️ Crude oil prices could skyrocket if military escalation shuts down transport routes

The possibility of regional expansion—as other nations act to counterbalance the fallout of a closure—could magnify the economic turmoil, potentially triggering a global recession.

A Global Flashpoint with Far-Reaching Consequences

The ultimate outcome hinges on:

  • Iran’s willingness to escalate

  • Its military capacity to block the Strait of Hormuz

  • The international community’s response to preserve oil flows

While nothing is certain, the risk of an economic chain reaction is substantial. Even short-term disruptions in Hormuz could cause multi-billion-dollar losses, especially in energy-dependent industries.

Bottom Line: The world watches closely as a regional military conflict risks morphing into a global economic crisis. A single act—like the closure of a vital oil corridor—could send shockwaves through financial markets, energy infrastructure, and geopolitical alliances.

@ Newshounds News™
  Source: 
Bitcoin.com

~~~~~~~~~

Vietnam Legalizes Crypto Under New Digital Technology Law

Vietnam has officially legalized crypto assets with the passing of a landmark digital technology law. The legislation, passed by the National Assembly on June 14, brings crypto under regulatory oversight for the first time and positions the country as a rising digital innovation hub.

Vietnam Passes Sweeping Law to Recognize Crypto and Promote Tech

Effective January 1, 2026, the new Law on Digital Technology Industry marks a turning point for Vietnam’s treatment of digital assets and emerging technologies.

▪️ The law recognizes crypto assets, creating a regulatory framework for their use
▪️ It categorizes digital assets into virtual assets and crypto assets, excluding securities, digital fiat, or other financial products
▪️ The Vietnamese government will define business conditions, classifications, and oversight for each type

The legislation also includes provisions for cybersecurity and Anti-Money Laundering (AML) compliance, designed to align with Financial Action Task Force (FATF) standards. Vietnam has been on the FATF gray list since 2023, making this a likely strategic move toward regulatory rehabilitation.

A Strategic Play for Tech Leadership in Asia

Vietnam is not stopping at crypto. The law introduces comprehensive incentives to attract global tech players in sectors like:

  • Artificial Intelligence (AI)

  • Semiconductor development

  • Digital infrastructure (e.g., chip design and AI data centers)

The government will provide:

▪️ Tax incentives and land-use benefits
▪️ Research and development (R&D) support
▪️ Workforce training subsidies
▪️ Integration of digital skills in national education policies

 “With this move, Viet Nam has become the first country in the world to enact a standalone law specifically dedicated to the digital technology industry,” the government said.

Crypto Scams Continue Despite Regulatory Progress

Even as Vietnam steps into legal crypto territory, enforcement challenges remain.

▪️ In February 2025, police shut down BitMiner, a fake mining scheme posing as a Dubai-based platform. It defrauded over 200 victims of $157,300 through bogus mining packages.

▪️ In December 2024, Hanoi police stopped 300 potential victims from investing in Million Smiles, a scam promoting a fake token (QFS) linked to spiritual myths. The fraud had already stolen $1.17 million from over 100 businesses and 400 individuals.

Bottom Line: Vietnam’s bold move to legalize crypto and incentivize high-tech industries places it at the forefront of digital transformation in Southeast Asia. While challenges like fraud remain, the new law signals a major step toward modernization, international integration, and long-term tech leadership.

@ Newshounds News™
  Source: 
Cointelegraph

~~~~~~~~~

Vietnam Joins BRICS as 10th Partner in Push for Stronger Global South Ties

Vietnam’s entry into the BRICS framework marks a major milestone in the bloc’s rise as a global power center. The move expands BRICS’ partner network to 10 nations, reinforcing its drive to reshape the global economic and governance architecture in favor of the Global South.

BRICS Welcomes Vietnam as 10th Partner

Brazil, which currently chairs BRICS, announced on June 13 that Vietnam has joined as the 10th official BRICS partner country. This decision follows the structure laid out at the 16th BRICS Summit in Kazan (October 2024), where the “partner-country” framework was introduced to allow strategic cooperation with aligned nations outside of full membership.

▪️ “The government of Brazil welcomes the decision of the Vietnamese government.”
▪️ Vietnam joins other partner nations: Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan

The current full BRICS membership includes:
Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, UAE, Ethiopia, Indonesia, and Iran

Vietnam’s involvement illustrates deepening ties with the Global South, emphasizing cooperation in:

  • Economic development

  • Multilateral governance reform

  • Political and diplomatic coordination

Strategic Weight: Vietnam’s Role in BRICS Vision

Vietnam’s entry into BRICS reflects its increasing geopolitical and economic influence. Brazil highlighted this explicitly:

“With a population of almost 100 million and a dynamic economy deeply integrated into global value chains, Vietnam stands out as a relevant actor in Asia.”

Supporters of BRICS expansion say Vietnam contributes:

▪️ Economic scale and growth momentum
▪️ Innovation capacity across digital and industrial sectors
▪️ Strategic geographical positioning in Southeast Asia

While some critics argue that enlarging the bloc could strain policy coordination, advocates maintain that diverse perspectives like Vietnam’s can strengthen BRICS’ global relevance and diplomatic agility.

Bottom Line: Vietnam’s inclusion as a BRICS partner signals a consolidating shift in global power dynamics, boosting South-South cooperation and reinforcing a move toward a multipolar world order. As BRICS expands, the bloc’s ability to influence economic and governance norms continues to rise.

@ Newshounds News™
Source: 
Bitcoin.com

~~~~~~~~~

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Economics, Gold and Silver Dinar Recaps 20 Economics, Gold and Silver Dinar Recaps 20

'The End of Fiat Is Now' - Why Bitcoin and Gold Are the Future | Ricardo Salinas

'The End of Fiat Is Now' - Why Bitcoin and Gold Are the Future | Ricardo Salinas

Kitco News:  6-14-2025

Billionaire Ricardo Salinas says fiat money is collapsing and Bitcoin is the only path to monetary freedom.

In this exclusive Kitco News interview, Salinas explains why central banks are running a global Ponzi scheme, how CBDCs will institutionalize financial surveillance, and why the peso is already in trouble under Mexico’s new leadership.

He also breaks down gold’s strategic role, mining risks in Mexico, and why he’s preparing for what he calls “the fiat endgame.”

'The End of Fiat Is Now' - Why Bitcoin and Gold Are the Future | Ricardo Salinas

Kitco News:  6-14-2025

Billionaire Ricardo Salinas says fiat money is collapsing and Bitcoin is the only path to monetary freedom.

In this exclusive Kitco News interview, Salinas explains why central banks are running a global Ponzi scheme, how CBDCs will institutionalize financial surveillance, and why the peso is already in trouble under Mexico’s new leadership.

He also breaks down gold’s strategic role, mining risks in Mexico, and why he’s preparing for what he calls “the fiat endgame.”

Salinas, chairman of Grupo Salinas and founder of Banco Azteca, is one of Latin America’s largest private Bitcoin holders. He shares his personal experience with hyperinflation, how it shaped his investment philosophy, and why he believes we’re entering a new monetary era where Bitcoin, gold, and miners will replace trust in governments and paper money.

Key topics:

– Why Salinas calls fiat “a lie” and Bitcoin “monetary truth”

– CBDCs, surveillance, and the end of financial privacy

– Mexico’s peso risk and political instability

 – Gold vs Bitcoin: why he holds both

– Are miners undervalued in this monetary reset?

– Capital controls, confiscation risk, and hard asset strategy

– How to build generational wealth through Bitcoin and gold

 – Insights from Salinas’ new book The Bitcoin Enlightenment

00:00 Introduction

 01:19 Ricardo Salinas

 02:01 Fiat Currency Critique and Bitcoin Advocacy

03:49 Global Liquidity and Bitcoin's Behavior

 06:20 Government Control and Bitcoin's Future

12:41 Central Bank Digital Currencies (CBDCs)

 15:35 Bitcoin as a Global Monetary Base

18:04 Bitcoin and the Banking System

 19:33 Latin America's Role in Bitcoin Adoption

20:16 Bitcoin vs. Gold: A Comparative Analysis

21:31 Challenges in the Mexican Mining Sector

23:46 Investment Strategies: Bitcoin, Gold, and Miners

27:34 Tokenization and the Future of Gold

29:07 The Core Message of Bitcoin: Freedom

 31:47 Preparing the Next Generation for a Broken Financial System

 33:36 Final Thoughts

https://www.youtube.com/watch?v=9Bgvq4lDs4k

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

Alasdair Macleod: Russia Ready For A Gold Standard - China Next!

Alasdair Macleod: Russia Ready For A Gold Standard - China Next!

6-14-2025

In this latest intriguing interview, Darryl and Brian Panes from As Good As Gold Australia talk with Alasdair Macleod, Advisor to AGAGA.

Alasdair confirms that China is moving fast and is stepping up plans to replace the dollar with a gold-backed Yuan.

The Shanghai Gold Exchange is opening vaults abroad, and Shanghai Futures access is opening up as well. The laws of unintended consequences are alive and well.

Alasdair Macleod: Russia Ready For A Gold Standard - China Next!

6-14-2025

In this latest intriguing interview, Darryl and Brian Panes from As Good As Gold Australia talk with Alasdair Macleod, Advisor to AGAGA.

Alasdair confirms that China is moving fast and is stepping up plans to replace the dollar with a gold-backed Yuan.

The Shanghai Gold Exchange is opening vaults abroad, and Shanghai Futures access is opening up as well. The laws of unintended consequences are alive and well.

When President Trump tried to put China out of business with punitive tariffs, China immediately responded by accelerating tariff-free trade negotiations with Japan and South Korea. President Xi then went on a whistle-stop tour of the principal ASEAN nations.

Shortly afterwards, the PBOC embarked on a policy of opening gold and silver trading outside China with new vaults, proposed in Hong Kong and Saudi Arabia.

What is this all leading to? And are there consequences for the dollar and the entire western financial system.

 Currently, we have a massively deteriorating outlook for the US dollar. What does this mean for gold and silver moving forward?

Phillip Newman from Metals Focus discusses with Kitco News that they may expect new highs for gold in the second half of 2025, and further momentum in 2026. His reasons for this are the continuation of Central Bank buying and the investment markets only just starting from late last year.

Together with trade wars, and geopolitical events, the confidence in the US dollar is disappearing. Very few analysts outside of Alasdair are mentioning the increasing debt levels, and therefore the interest on the debt piling up.

Alasdair discusses this vital topic in detail. The global economy is in a very dark, precarious state., and now, more than ever, it is time to become your own Central Bank – you need to own gold!

https://www.youtube.com/watch?v=Lmx_aNtbUn0

 

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Seeds of Wisdom RV and Economic Updates Saturday Morning 6-14-25

Good morning Dinar Recaps,

SEC, Ripple File Motion to Release $125M in Escrow as Case Winds Down

The lawsuit against Ripple, filed by the United States Securities and Exchange Commission (SEC) in December 2020, is finally wrapping up.

Ripple and the SEC filed a joint motion on Thursday to release $125 million in funds held in an escrow account to pay for settlement costs ordered by the court.

Good morning Dinar Recaps,

SEC, Ripple File Motion to Release $125M in Escrow as Case Winds Down

The lawsuit against Ripple, filed by the United States Securities and Exchange Commission (SEC) in December 2020, is finally wrapping up.

Ripple and the SEC filed a joint motion on Thursday to release $125 million in funds held in an escrow account to pay for settlement costs ordered by the court.

According to the letter submitted by both parties, $50 million will be transferred to the SEC for the civil penalty against Ripple, with the remaining $75 million transferred back to Ripplepending court approval. The filing attorneys wrote:

"The parties’ proposed resolution will preserve the resources of the Second Circuit by avoiding the need to decide appeals, obviate any remand for further proceedings in this Court, and bring 4.5 years of hard-fought litigation to an end."

SEC and Ripple Wind Down Case Following 2024 Ruling

In July 2023Judge Analisa Torres ruled that secondary sales of the XRP (XRP) token are not securities, granting Ripple and the crypto industry a partial yet major victory.

However, the Judge also ruled that selling XRP to investors during funding rounds did constitute securities sales, due to how the tokens were offered as compensation for investment in a business enterprise.

As a result, Ripple was ordered to pay a $125 million penalty to the SEC as per a subsequent ruling from Judge Torres in August 2024.

Unsatisfied with the outcome, the SEC filed an appeal in October 2024 — roughly one month ahead of the 2024 U.S. presidential election.

Brad Garlinghouse, the CEO of Ripple, announced that the SEC was dropping the appeal, in a March 19 X post, accompanied by a video statement from the CEO celebrating the outcome as the de facto “ending” of the case.

Shortly after the announcement, Ripple agreed to drop its cross-appeal with the SEC. The crypto firm also secured a refund from a lower court, allowing it to retain $75 million of the $125 million penalty stipulated in the August 2024 ruling.

@ Newshounds News™
  Source: 
Cointelegraph   

~~~~~~~~~

BRICS & De-dollarization: US Dollar Faces Severe Crisis as Allies Exit

The BRICS de-dollarization efforts have catalyzed various major transformations as member nations—and others—implement strategic measures to reduce dollar dependency in international trade.

Through several key approaches, the economic bloc has spearheaded what experts describe as a severe US dollar crisis via local currency agreements and alternative payment systems.

Across multiple significant areas, this global trade shift has become the most substantial challenge to American financial dominance. The BRICS currency alternative is gaining momentum through bilateral agreements.

The use of the US dollar in trade among BRICS countries has been reduced to approximately one-third of its previous level, and the de-dollarization impact now extends beyond economics, as nations seek greater financial sovereignty and independence.

BRICS Push New Currency as Dollar Loses Trust in Global Trade Shift

Bilateral Currency Agreements Accelerate BRICS De-dollarization

Through numerous developments, BRICS de-dollarization initiatives have reshaped global trade via direct bilateral currency agreements.

  • Russia and China have led the way, with over one-third of Russian trade conducted in Chinese yuan by the end of 2024. The share of ruble-based exports rose from 10% to over 40% during the first year of the Ukraine conflict, highlighting how geopolitical pressure can hasten these shifts.

  • Brazil has also advanced this agenda. At the 2023 business forum in Beijing, China and Brazil established direct exchanges between the Brazilian real and the yuan. Brazilian banks now use China’s cross-border payment system, making yuan transactions simpler and more efficient.

  • India and the UAE entered an agreement to trade in Indian rupees, including a major deal where India purchased one million barrels of oil and paid in rupees. This deal occurred days before the UAE’s BRICS invitation, signaling widespread interest in dollar alternatives.

  • Tanzania’s ban on the US dollar helped pave the way for neighboring countries like Kenya and other East African Community nations to explore similar paths.

BRICS Pay System Challenges Western Financial Infrastructure

BRICS nations have developed BRICS Pay, a decentralized payment messaging system that allows transactions in local currencies, aiming to reduce dependence on Western systems like SWIFT. This is a technological breakthrough in the bloc’s de-dollarization effort and a direct challenge to US financial dominance.

The New Development Bank (NDB) plays a crucial role in this transformation. With an authorized capital of $100 billion, the NDB has financed infrastructure projects in local currencies, reinforcing financial sovereignty and weakening traditional Western institutions.

In Brazil, the NDB has financed BRL 1,041 million (RMB 1,425 million) to expand power distribution infrastructure.

  • In Russia, the NDB provided $68.8 million for the Ufa East Exit Project.

These investments show how de-dollarization is evolving from policy into tangible infrastructure and economic development.

@ Newshounds News™
Source: 
Watcher.Guru

~~~~~~~~~

Realized Cap: XRP Overtakes Solana

While attention focuses on upcoming regulations and ETFs in the making, a less-publicized technical indicator is reshuffling the deck. XRP has recorded a fourfold increase in its realized capitalization compared to Solana.

This capital shift hints at a deeper and unexpected market dynamic, challenging the current wave of enthusiasm around Solana. Behind this metric, a change in investor perception appears to be unfolding—returning XRP to a central role in the altcoin arena.

▪️ XRP shows a +4.2% increase in realized capitalization vs. +1% for Solana over the past 30 days
▪️ The difference suggests a rapid capital rotation toward XRP, signaling short-term renewed investor confidence
▪️ Webus InternationalVivoPower, and Wellgistics have committed over $470 million to XRP treasury strategies
▪️ XRP is aligning with institutional standards, while Solana enters a consolidation phase

The Indicator Reshaping the Map: XRP Leads Solana

While ETFs may eventually push both XRP and Solana to new highs, Ripple’s token has already surged ahead in terms of realized capitalization—a key on-chain metric. According to GlassnodeXRP is up +4.2% in 30 days, while Solana has risen just +1%.

This clear differential shows accelerated fund inflows into XRP, suggesting traders and investors are showing short-term renewed conviction in the asset.

In contrast, Solana’s slower pace comes despite being a focal point in ETF discussions. This divergence implies that real capital flows are favoring XRP, which may not yet be reflected in market buzz.

Understanding Realized Capitalization

To grasp the importance of this evolution, it’s essential to understand the metric itself:

▪️ Realized capitalization represents the aggregated value of tokens based on their last transaction price—a more accurate reflection of “activated wealth”
▪️ XRP: +4.2% increase signals not just speculation, but committed capital inflows
▪️ Solana: +1% suggests a consolidation phase or waning buyer momentum
▪️ The direct read: investors may be shifting into XRP for yield, stability, or tactical repositioning

In fast-moving markets where technical indicators carry weight, this shift in realized cap could mark the early stages of a broader trend.

Institutional Adoption & Legal Clarity Boost XRP

A major driver behind XRP’s momentum may be institutional engagement:

  • Webus International ($300M)

  • VivoPower ($121M)

  • Wellgistics ($50M)
    Together, these firms have committed over $470 million to XRP treasury strategies.

Additionally, Trident, a Nasdaq-listed company in Singapore, is planning to raise $500 million, also focused on XRP.

These moves come amid a dramatically improved legal climate for Ripple. The SEC and Ripple recently filed a joint motion to dissolve an injunction and cancel a $125 million penalty, signaling potential resolution of long-standing regulatory hurdles.

Unlike Solana, which relies on its developer ecosystem and ETF hype, XRP is increasingly viewed as an operational treasury asset—bridging traditional finance and crypto.

From Speculative Token to Strategic Reserve

By combining:

  • Rising technical indicators

  • Institutional capital allocation

  • Legal resolution with the SEC

XRP appears to be undergoing a strategic transformation—from a speculative token to a practical institutional-grade reserve asset.

If sustained, this shift could mark a lasting turning point in XRP’s role within the global financial system, far beyond temporary price movement.

@ Newshounds News™
Source: 
Cointribune   

~~~~~~~~~

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Friday Morning 6-13-25

Good Morning Dinar Recaps,

SEC Axes Biden-Era Proposed Crypto Rules in Flurry of Repeals

The U.S. Securities and Exchange Commission (SEC) has rescinded a wide slate of proposed rules introduced under the Biden Administration, including two that directly targeted crypto custody and DeFi protocols.

In a move reflecting President Donald Trump’s regulatory rollback agenda, the SEC said on Thursday that it is officially withdrawing several notices of proposed rulemaking issued between March 2022 and November 2023, during former Chair Gary Gensler’s tenure.

Good Morning Dinar Recaps,

SEC Axes Biden-Era Proposed Crypto Rules in Flurry of Repeals

The U.S. Securities and Exchange Commission (SEC) has rescinded a wide slate of proposed rules introduced under the Biden Administration, including two that directly targeted crypto custody and DeFi protocols.

In a move reflecting President Donald Trump’s regulatory rollback agenda, the SEC said on Thursday that it is officially withdrawing several notices of proposed rulemaking issued between March 2022 and November 2023, during former Chair Gary Gensler’s tenure.

The agency emphasized that it “does not intend to issue final rules with respect to these proposals,” but left the door open to propose new rules in future regulatory actions if deemed necessary.

“Down goes 3b16, qualified custodian, and all the other unfinished Gensler rule proposals,”
— Paul Grewal, Coinbase Chief Legal Officer

Exchange Definition Rule Nullified

Among the 14 rules withdrawn, a key proposal was Rule 3b-16, which aimed to expand the definition of “exchange” to include decentralized finance (DeFi) protocols. The amendment also intended to tighten crypto custody standards for investment advisers.

The rule sought to include in the definition of “exchange” systems that offer non-firm trading interest and communication protocols to connect buyers and sellers of securities. If implemented, this could have classified many DeFi platforms as securities exchanges, subjecting them to federal oversight.

First introduced in March 2022, the proposal drew strong criticism. In March 2025, SEC Commissioner Mark Uyeda recommended abandoning the rule, which attempted to fold crypto firms into the “alternative trading system” classification.

Crypto Custody Rule Rescinded

Another major repeal was the SEC’s Safeguarding Advisory Client Assets rule, first proposed in March 2023, which would have expanded custody requirements for crypto assets.

The rule proposed expanding the Custody Rule under the Investment Advisers Act of 1940 to cover all client assets, including digital assets. It mandated that all such assets be held with a “qualified custodian”—typically meaning a regulated bank or broker-dealer.

This posed a serious threat to the crypto sector, as most crypto exchanges and wallet providers did not qualify as “qualified custodians.” Investment advisers would have been forced to either change providers or exit the crypto space altogether.

Commissioner Uyeda had previously asked SEC staff to consider withdrawing the crypto custody proposal, which has now been officially rescinded.

Other Rules Rescinded

In addition to the high-profile crypto rules, the SEC also repealed several non-crypto rules with indirect implications for the digital asset industry, including:

  • Cybersecurity risk management and reporting rules for investment advisers and funds—important for crypto fund managers and custodians.

  • A rule on position reporting for large security-based swaps, which could have affected firms with large crypto derivatives exposure.

  • A rule requiring enhanced ESG (environmental, social, and governance) reporting for public companies—widely criticized by conservative policymakers.

These repeals mark a major shift in the regulatory tone coming from Washington, aligning with the Trump Administration’s broader commitment to deregulation in financial and crypto markets.

@ Newshounds News™
Source:  
Cointelegraph

~~~~~~~~~

US Senate Schedules Final GENIUS Stablecoin Bill Vote for June 17

The U.S. Senate is scheduled to cast its final vote on the GENIUS Act next Tuesday, a key legislative move that could shape the future of stablecoin regulation in the United States.

According to an official notice posted on Thursday by Senate Democrats, the final vote on the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) will take place on June 17, with the exact time to be determined by the Majority Leader in consultation with the Democratic Leader.

If passed, the bill will then proceed to the House of Representatives for further voting. The GENIUS Act seeks to establish a comprehensive legal framework for stablecoins and their issuers within the U.S. financial system.

Key Provisions of the GENIUS Act:

  • Requires stablecoins to be fully backed by U.S. dollars or other liquid assets.

  • Imposes mandatory annual audits for issuers managing over $50 billion in market capitalization.

  • Introduces compliance requirements for foreign-based issuers operating within U.S. markets.

The Senate's procedural vote on Wednesday cleared the way for the upcoming final decision, which comes amid growing bipartisan interest in regulating the digital asset space.

If passed in the Senate, the GENIUS Act will move to the House, where lawmakers have introduced their own bill—the Stablecoin Transparency and Accountability for a Better Ledger Economy Act (STABLE Act). This bill was advanced out of committee in May but differs from the GENIUS Act in critical areas, including jurisdictional control (state vs. federal) and oversight of foreign issuers like Tether.

Despite these differences, momentum is building. Stablecoin legislation has gained strong backing from President Donald Trump, who has publicly endorsed the GENIUS Act and expressed hopes for final passage by August.

Adding to the push, Treasury Secretary Scott Bessent stated earlier this week that stablecoin legislation could set the stage for massive market expansion. He forecasted that the USD stablecoin market could exceed $2 trillion by the end of 2028, a significant leap from its current size of $252 billion, according to CoinGecko.

The upcoming vote on June 17 is seen as a pivotal moment that could establish the United States as a leader in global stablecoin regulation while providing much-needed clarity and security to issuers, investors, and the broader financial sector.

@ Newshounds News™
Source:  
The Block

~~~~~~~~~

BRICS: 71 Countries Settled Trade Without the US Dollar  

The BRICS alliance is making significant strides in its de-dollarization strategy, actively sidelining the U.S. dollar in favor of local currencies for international trade. This movement is gaining traction worldwide, with countries like Nigeria and Iraq now banning the use of the USD in foreign exchange markets and oil settlements.

If BRICS unveils a transformative plan at its upcoming summit in Rio de Janeiro, the U.S. dollar’s long-standing global dominance could face serious pressure. As momentum grows, the question is no longer “if” the dollar will lose its stronghold, but “when.”

71 Countries Had Settled Trade Before BRICS Started De-Dollarization

A total of 71 countries had already moved away from using the U.S. dollar for trade settlements before BRICS formally launched its de-dollarization agenda. Recent data shows that these efforts include:

  • Settling trade in local currencies

  • Diversifying foreign currency reserves

  • Reducing reliance on U.S. foreign exchange

  • Conducting oil and commodity payments in non-USD terms

The earliest recorded shift came in 2011, when China — a founding BRICS member — began favoring the gold-backed yuan over the U.S. dollar in its oil purchases. That initial move sparked a gradual and calculated transition to alternative currencies in trade deals throughout the following years.

BRICS Drives the Agenda — With Global Participation

These dollar-free transactions span a wide range of nations across Europe, South America, Asia, Africa, and Australia. Both allies and adversaries of the U.S. have participated, leaving Washington increasingly isolated on the world financial stage.

While this global trend began well before 2022, BRICS greatly accelerated its commitment to de-dollarization following sweeping U.S. sanctions on Russia in the wake of the Ukraine invasion.

July Summit Could Mark a Turning Point

The upcoming 17th BRICS Summit, scheduled for July 6–7 in Brazil, could bring the dollar’s future under the global spotlight. Many developing countries are pushing back against Western financial dominance and seeking to chart their own paths toward financial independence.

If the BRICS bloc unveils a new framework for trade and reserves — one that cuts out the dollar entirely — a fundamental shift in global finance could be underway.

As BRICS continues to gain influence, the next decade may usher in a multipolar currency system, diminishing U.S. leverage and expanding financial sovereignty for dozens of emerging economies. 

@ Newshounds News™
 Source: 
Watcher.Guru   

~~~~~~~~~

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"Silver Suggests Upside Breakout For GOLD" –

"Silver Suggests Upside Breakout For GOLD" –

Mike Maloney:  6-12-2025

Silver May Be Signaling a Major Move in Gold — Are You Paying Attention?

 In this explosive new update from Mike Maloney, you’ll discover why silver's recent strength could be a leading indicator for an imminent breakout in gold prices.

 Mike revisits historic silver price spikes and analyzes what made them possible—comparing the retail frenzy of 2011 to today’s industrial scarcity and institutional awakening.

"Silver Suggests Upside Breakout For GOLD" –

Mike Maloney:  6-12-2025

Silver May Be Signaling a Major Move in Gold — Are You Paying Attention?

 In this explosive new update from Mike Maloney, you’ll discover why silver's recent strength could be a leading indicator for an imminent breakout in gold prices.

 Mike revisits historic silver price spikes and analyzes what made them possible—comparing the retail frenzy of 2011 to today’s industrial scarcity and institutional awakening.

You'll also learn about: The gold-silver ratio and how it could multiply your gold holdings

Central banks ditching fiat for gold — not crypto

The staggering math behind a hypothetical gold-backed U.S. debt

 Why hoarding cash may be the wrong move in this economic climate

 Are we on the cusp of another financial turning point?

Dive into this timely analysis and arm yourself with the knowledge to act.

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

 

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Seeds of Wisdom RV and Economic Updates Thursday Morning 6-12-25

Good Morning Dinar Recaps,

GENIUS Stablecoin Bill Passes Key Vote, Advances in US Senate

Weeks after a stablecoin bill stalled over Trump-linked concerns, the Senate has advanced the GENIUS Act — a major step in shaping digital asset regulation in the United States.

In a 68-30 vote, the U.S. Senate voted to advance the Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS Act, more than a month after its introduction.

Good Morning Dinar Recaps,

GENIUS Stablecoin Bill Passes Key Vote, Advances in US Senate

Weeks after a stablecoin bill stalled over Trump-linked concerns, the Senate has advanced the GENIUS Act — a major step in shaping digital asset regulation in the United States.

In a 68-30 vote, the U.S. Senate voted to advance the Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS Act, more than a month after its introduction.

Speaking from the Senate floor on Wednesday, Majority Leader John Thune urged lawmakers to back the bill, echoing many of former President Donald Trump’s talking points on digital assets — including claims that the legislation would help position the U.S. as the “crypto capital of the world.”

“We want to bring cryptocurrency into the mainstream, and the GENIUS Act will help us do that,” said Thune.

A majority of senators — including several Democrats — voted to invoke cloture, setting up the bill for debate and a full floor vote, before potentially sending it to the House of Representatives for further consideration.

Thune acknowledged that there is still “more work to be done” in Congress regarding digital assets, referencing a separate market structure bill in the House: the CLARITY Act, which was recently advanced by two committees and may face a floor vote soon.

Pushback From Democrats

Massachusetts Senator Elizabeth Warren voiced sharp criticism, calling the bill “riddled with loopholes” and warning it lacked adequate safeguards for consumers, national security, and financial stability.

“Through his crypto business, Trump has created an efficient means to trade presidential favors like tariff exemptions, pardons, and government appointments for hundreds of millions, perhaps billions of dollars,” Warren said.
“By passing the GENIUS Act, the Senate is not only about to bless this corruption, but to actively facilitate its expansion.”

Warren also condemned the Senate for not addressing bipartisan amendments and cited ongoing concerns about Trump’s family-linked crypto platformWorld Liberty Financial, which rewards memecoin holders with perks such as dinner and access to the president.

Path to Becoming Law

Though many Democrats supported the cloture motion, some are still pressing Republicans for further amendments. It remains uncertain whether the bill will clear the Senate, where Republicans hold only a slim majority.

Following the initial cloture failure in May, David Sacks, Trump’s so-called “AI and crypto czar,” stated that the White House expected bipartisan Senate approval. Meanwhile, the House companion bill — the STABLE Act — was still under consideration by the Financial Services Committee as of May.

@ Newshounds News™
Source:  
Cointelegraph

~~~~~~~~~

BRICS: The Global Bombshell That Shifts Power Away From the West

The BRICS power shift has catalyzed a critical turning point, as the expanded alliance now includes Saudi Arabia, Iran, UAE, Egypt, and Ethiopia as full members. The bloc has revolutionized global energy control, now commanding over 40% of global oil production, and has surpassed the G7 in purchasing power parity GDP.

Major economic indicators from 2025 reveal that BRICS countries settled over $400 billion in trade without US dollars last year alone, accelerating the move away from traditional currency systems. This shift has helped pioneer an alternative global economic system that strategically bypasses Western financial infrastructure.

How BRICS Power, Oil, and Currency Are Reshaping the Global Map

Energy Dominance Shifts Global Control

BRICS now oversees more than 40% of global oil production, thanks to the inclusion of Saudi Arabia and Iran, whose massive reserves have been pulled under the bloc’s umbrella. Russia contributes significantly to natural gas supply, bolstering BRICS' energy dominance. This alliance was no accident—it was strategically architected through several development phases.

In 2024, Russia began settling LNG trades with India in rupees, and Iran optimized an expansive barter system with China. Meanwhile, Qatar has expressed interest in a “BRICS energy coordination mechanism” that could further transform the global energy landscape.

“Trump’s erratic trade policy decisions and the dollar’s sharp depreciation are probably encouraging a more rapid shift towards other currencies.” — Francesco Pesole, ING

Currency Revolution Accelerates Global Changes

The de-dollarization trend has led BRICS to construct a sweeping network of alternative financial pathways. China and Brazil are now settling bilateral trade in yuan, while India and Russia use a rupee-ruble payment mechanism. Saudi Arabia’s decision to accept yuan for oil sales to China marks one of the most historic developments in global finance.

BRICS has also spearheaded the creation of alternative payment systems that bypass SWIFT. As a result, the U.S. dollar’s share in global reserves dropped to 57.8% in 2024—a substantial decline with far-reaching consequences.

“Countries are looking at the fact that the dollar has been, and can be used as a sort of weapon on trade, direct sanctions, etc… That’s been the real change, I think, in the last several months.”
— Mitul Kotecha, Barclays

Economic Realignment Outpaces Western Response

The shift in global economic power between BRICS and the G7 has accelerated faster than most analysts predicted. Bank of America research shows that institutional capital is actively moving away from dollar dependency, and more than 40 countries have submitted membership applications to BRICS.

This expansion is not just economic—it is about sovereignty. BRICS members can now trade freely across major jurisdictions without external approvals. Countries like Nigeria, Thailand, Pakistan, and Venezuela are actively seeking to join the bloc, creating a global network spanning four continents.

“De-dollarization in ASEAN is likely to pick up pace, primarily via conversion of FX deposits accumulated since 2022.”
— Abhay Gupta, Bank of America

“There’s notable FX hedging activity; Japanese life insurers raised their hedge ratio from 44% to 48% in recent months.”
— Craig Chan, Nomura Securities

What began as a five-nation group has evolved into an economic superpower that dominates essential energy supplies and facilitates hundreds of billions in non-dollar trade. Though the U.S. dollar still holds a dominant share of global reserves, its role as the default trade currency is quickly eroding.

The BRICS power shift represents a systematic circumvention of Western financial dominance—not through confrontation, but through construction of an entirely new infrastructure.  

@ Newshounds News™
Source:  
Watcher.Guru

~~~~~~~~~

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Economics, Gold and Silver Dinar Recaps 20 Economics, Gold and Silver Dinar Recaps 20

Fed's 'Shady' Gold Secrets Spark Audit Bill; A 'Reckoning is Near'

Fed's 'Shady' Gold Secrets Spark Audit Bill; A 'Reckoning is Near'

Daniela Cambone:  6-11-2025

“The gold might be there—but who owns it? That’s the real question,” asks Jp Cortez of the Sound Money Defense League.

In today’s interview with Daniela Cambone, Cortez calls for a comprehensive audit of U.S. gold holdings, highlighting the recent reintroduction of the Gold Reserve Transparency Act of 2025 by Rep. Thomas Massie.

“An ounce of gold can change hands a thousand times without moving a single inch,” Cortez explains.

Fed's 'Shady' Gold Secrets Spark Audit Bill; A 'Reckoning is Near'

Daniela Cambone:  6-11-2025

“The gold might be there—but who owns it? That’s the real question,” asks Jp Cortez of the Sound Money Defense League.

In today’s interview with Daniela Cambone, Cortez calls for a comprehensive audit of U.S. gold holdings, highlighting the recent reintroduction of the Gold Reserve Transparency Act of 2025 by Rep. Thomas Massie.

“An ounce of gold can change hands a thousand times without moving a single inch,” Cortez explains.

 With Florida recently eliminating its sales tax on gold and silver, and more than 40 other U.S. states partially or fully exempting sales tax on these metals, Cortez views this growing trend of tax exemption as a reaffirmation of “the constitutional role of gold and silver as real, tangible money in our modern economy.”

Chapters:

00:00 Why the gold reserve transparency act matters?

 5:54 Jp’s take on whether the gold is really there.

7:07 Why gold isn’t liquid?

8:45 How the bill could restore confidence?

 9:48 Challenges the bill might face.

11:41 What’s next for Florida?

15:40 Fed: Rising interest in sound money may challenge policy.

https://www.youtube.com/watch?v=7ETOO-nh-H4

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Seeds of Wisdom RV and Economic Updates Wednesday Morning 6-11-25

Good Morning Dinar Recaps,

CRYPTO INDUSTRY LEADERS RAISE CONCERNS OVER CLARITY ACT’S ‘GENSLER-ERA’ AMENDMENT AHEAD OF MARKUP

Crypto industry players are raising red flags over a new section added to the Digital Asset Market Clarity (CLARITY) Act of 2025 ahead of today’s markup session, warning that it closely resembles the aggressive regulatory posture of the prior administration.

Good Morning Dinar Recaps,

CRYPTO INDUSTRY LEADERS RAISE CONCERNS OVER CLARITY ACT’S ‘GENSLER-ERA’ AMENDMENT AHEAD OF MARKUP

Crypto industry players are raising red flags over a new section added to the Digital Asset Market Clarity (CLARITY) Act of 2025 ahead of today’s markup session, warning that it closely resembles the aggressive regulatory posture of the prior administration.

Crypto Industry Players Raise the Alarm

On Tuesday, crypto stakeholders voiced their concerns over the newly amended text of the CLARITY Act. According to journalist Eleanor Terret, industry leaders have described the added provision as a “Gensler-era” measure, reviving fears about unclear and burdensome oversight.

The legislation, introduced on May 29 by Chairman of the House Financial Services Committee French Hill, is intended to build a comprehensive regulatory framework for digital assets in the U.S., promising the clarity and protection long sought by the crypto industry.

The bipartisan bill aims to:

  • Protect consumers by requiring developers and customer-facing companies to provide essential disclosures.

  • Safeguard client assets by mandating separation of customer and corporate funds.

  • Support innovation, offering developers a regulated path to raise capital under government oversight.

“Our bill brings long-overdue clarity to the digital asset ecosystem, prioritizes consumer protection and American innovation, and builds off our work in the 118th Congress,” Hill said in a statement last month.

However, Terret reported that the new amendment would “eliminate exemptions for previously issued tokens,” thereby giving the Securities and Exchange Commission (SEC) broad discretionary power to determine on a case-by-case basis whether each token constitutes a security.

Critics argue this move undermines the entire purpose of the bill, warning it may reintroduce regulatory uncertainty that the bill was initially designed to resolve. Some investors fear the amendment could enable a system of “winners and losers” determined by the SEC’s discretion.

Political Opposition Grows

The legislation has also drawn sharp criticism from Democrats. Some argue that it could create opportunities for former President Donald Trump to benefit financially through crypto-related ventures.

Rep. Maxine Waters (D-Calif.) was especially vocal, stating:

“This rushed, overly complicated bill will increase investor harm, which already runs rampant in today’s crypto market.”

She continued:

“Some of the riskiest activities are broadly exempted from the bill, leaving our constituents with no one to turn to when their money vanishes. The bill puts our national security at risk and contains no penalties for crypto criminals.”

Momentum Builds with the BRCA Inclusion

Despite the controversy, the bill gained momentum with the inclusion of the Blockchain Regulatory Certainty Act (BRCA), which provides legal protections for non-custodial software developers and infrastructure providers.

As reported by Bitcoinist, eight major crypto policy groups signed a joint statement urging Congress to add the BRCA to the CLARITY Act. The BRCA was reintroduced on May 21, 2025, by Rep. Tom Emmer (R-MN) and Rep. Ritchie Torres (D-NY).

On June 8, the revised version of the CLARITY Act incorporated the BRCA, clarifying that non-custodial, peer-to-peer developers should not be regulated as money transmitters. In a joint statement, the crypto policy groups said:

“This is a meaningful step toward protecting developers of non-custodial, peer-to-peer technologies while maintaining strong oversight of custodial financial institutions.”

They added that the updated bill reflects a balanced regulatory approach, building on FinCEN’s 2019 guidance.

Industry Support Persists Despite Concerns

Even with the inclusion of the controversial amendment, major crypto firms such as Coinbase remain supportive. The company issued a statement asserting:

“Bipartisan momentum is building. Lawmakers from both sides agree: it’s time to protect consumers and unlock American innovation with clear crypto legislation. As Congress prepares for a key vote to advance the CLARITY Act, the message is clear: vote YES.”

Next Steps for the CLARITY Act

As of the time of writing, the CLARITY Act passed the House Committee on Agriculture markup with a decisive 47–6 vote, following nearly three hours of debate. The bill will now move to the House Financial Services Committee for further review, as reported by Terret.

@ Newshounds News™
Source
Bitcoinist

~~~~~~~~~

XRP LEDGER DEVS PLAN SIDECHAIN LAUNCH IN Q2 FOR ETHEREUM COMPATIBILITY

▪️ XRP Ledger plans to launch an EVM sidechain in Q2 2025 to gain Ethereum compatibility.
▪️ Ripple CTO David Schwartz announced the timeline at the Apex 2025 event in Singapore.

The XRP Ledger (XRPL) — a blockchain closely associated with cross-border payments company Ripple — is preparing to launch an Ethereum Virtual Machine (EVM) sidechain in the second quarter of 2025, in a significant move to bridge Ethereum smart contracts into its ecosystem.

This EVM-compatible sidechain aims to enable Ethereum-based smart contract functionality while preserving XRPL’s signature low-cost and high-speed transaction model.

Ripple’s Chief Technology Officer David Schwartz formally announced the upcoming launch during the ongoing Apex 2025 event in Singapore, according to Peersyst, one of the project’s principal development partners.

What the Sidechain Will Do

The EVM sidechain is a parallel blockchain that will run alongside the XRP Ledger. It is being developed by contributors Ripple and Peersyst, and is built using the evmOS software stack.

▪️ The sidechain is already live on testnet, serving as a trial environment to ensure functionality and performance.
▪️ A mainnet launch is expected to follow in Q2 2025 after further testing and the onboarding of validator partners.

Why Ethereum Compatibility Matters

While XRPL has its own support for native smart contracts, it does not currently support the Ethereum Virtual Machine (EVM) — the dominant development environment for decentralized applications (dApps) on Ethereum.

This limitation has meant that Ethereum developers could not easily port their applications to the XRP Ledger. The EVM sidechain solves that by bringing Ethereum-style programmability directly to the XRPL ecosystem.

Other projects like Flare Network also provide EVM-compatible smart contract capabilities that integrate with XRPL, but this new native sidechain represents a first-party, in-house solution from Ripple contributors.

Bridge Connectivity: Powered by Axelar

The EVM sidechain will connect to the XRP Ledger mainnet through a bridge mechanism. Specifically, Axelar has been selected as the exclusive bridge provider for the sidechain.

This bridge will enable transfer of assets, such as wrapped XRP, which will act as the native gas token on the sidechain.

This initiative represents a strategic leap toward greater interoperability between XRPL and the wider Ethereum ecosystem, expanding XRPL’s reach and relevance in the world of decentralized finance (DeFi) and smart contract-based applications.

@ Newshounds News™
Source:  Source
The Block

~~~~~~~~~

🇷🇺 BRICS: Oil Giant Eyes Chinese Yuan Bonds, Ignores US Dollar Assets
Kazakhstan’s KazMunayGas makes landmark shift toward de-dollarization

In a major financial pivot, Kazakhstan’s state oil and gas giant KazMunayGas is preparing to ditch US dollar bonds in favor of Chinese yuan-denominated debt, including dim sum and panda bonds.

Why the shift?
Yuan-based bonds offer cheaper debt options compared to US Treasuries — aligning with BRICS’ push to reduce USD dependence.

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

The move follows growing BRICS influence encouraging global firms to explore non-dollar financial instruments.

  • Dim sum bonds = yuan bonds traded offshore

  • Panda bonds = yuan bonds issued by foreign entities inside China

This marks the first time KazMunayGas sidelines US dollar assets — and may signal a larger trend among other BRICS-aligned oil firms.

@ Newshounds News™
Source: 
 Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

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Follow the Timeline 

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Economist’s “News and Views” 6-10-2025

S&P To Hit 6,250 Then 30% Drop: 'Market Running Out Of Energy' Says Gareth Soloway

David Lin:  6-10-2025

Gareth Soloway, Chief Market Strategist at Verified Investing, examines whether the S&P 500’s sharp rebound marks a true bull market or a fleeting bounce while dissecting Fed policy shifts, tariff impacts, Bitcoin’s resistance ceiling, precious‑metal breakouts, and looming bond‑market risks.

S&P To Hit 6,250 Then 30% Drop: 'Market Running Out Of Energy' Says Gareth Soloway

David Lin:  6-10-2025

Gareth Soloway, Chief Market Strategist at Verified Investing, examines whether the S&P 500’s sharp rebound marks a true bull market or a fleeting bounce while dissecting Fed policy shifts, tariff impacts, Bitcoin’s resistance ceiling, precious‑metal breakouts, and looming bond‑market risks.

0:00 - Intro

0:30 - China trade talks

2:32 - Labor market cracks

3:44 - Fed rate cuts?

4:51 - Bullish sentiment

8:30 - Breakout levels

13:21 - Why do we need a pullback?

15:36 - Triggers for move down

18:15 - Bitcoin

24:45 – Gold

 27:01 - Silver and other metals

30:18 - 10-year bond yield

31:34 - Favorite asset class

https://www.youtube.com/watch?v=G3-2z1wnOqw

BREAKING: China To Imminently Announce a Gold To Yuan Fixed Exchange Rate! - Alasdair Macleod

Financial Wisdom:  6-10-2025

0:00 - China aims to control global gold pricing from Shanghai

0:36 - How SGE vaults enable gold-yuan trade bypassing the dollar

 1:50 - China's strategic need to decouple from the US dollar

3:20 - Why China's survival may depend on linking yuan to gold

 4:34 - China's recognition of gold-backed economic stability

6:02 - Lessons from the UK gold standard and China's future plans

 7:14 - China's accumulation of gold reserves since the 1980s

8:55 - Shift of global gold from West to East

10:00 - China’s regional trade strategy post-Trump tariffs

11:08 - International expansion of the Shanghai Gold Exchange

 11:45 - Opening Shanghai Futures Exchange to foreign banks

12:10 - China’s push to move gold price control to Shanghai

https://www.youtube.com/watch?v=PiaXX2h3elE

Gold to $6,000 and Why the US Dollar is Losing Its Power, Part 2

Wealthion:   6-9-2025

Renowned economist David Rosenberg, known for his sharp insights and contrarian calls, recently returned to Wealthion with a powerful message for investors: prepare for a significant shift in the financial landscape.

 In Part II of his interview, Rosenberg laid out his compelling case for a gold surge to $6,000, a weakening U.S. dollar, and the compelling opportunity presented by Treasury bonds.

Rosenberg, now with Rosenberg Research & Associates, pulls no punches in his assessment of the current environment. He argues that the U.S. financial system is increasingly fragile, burdened by unsustainable debt and deficits, ultimately leading to a devaluation of the dollar and a scramble for safe havens.

Rosenberg’s boldest prediction is undoubtedly his forecast for gold. He believes the precious metal is poised for a significant rally, projecting a target of $6,000 this cycle.

This conviction stems from the growing global uncertainty, the rising cost of living, and the central banks’ accelerating accumulation of gold reserves. As global trust in fiat currencies wanes, gold is expected to become an increasingly attractive alternative.

Contrary to the prevailing narrative, Rosenberg believes Treasury bonds are currently mispriced, offering investors asymmetric upside.

 In a world grappling with economic slowdown and potential recession, he argues that the safety and liquidity of Treasuries make them a crucial asset for portfolio protection. He contrasts this with the prevailing mantra of the past decade, “There Is No Alternative” (TINA), where investors were forced into riskier assets like stocks in search of yield.

Rosenberg declares TINA dead, arguing that Treasuries now offer a compelling alternative for risk-averse investors seeking stability and potential appreciation.

The erosion of the U.S. dollar’s dominance is another key theme of Rosenberg’s analysis. He warns that America’s reserve currency status may be under threat as central banks worldwide are increasingly diversifying their holdings and accumulating gold. This trend, fuelled by concerns about U.S. debt and deficits, could further weaken the dollar and exacerbate inflationary pressures.

Adding further weight to Rosenberg’s thesis, Jonathan Wellum, CEO of Rocklinc, provides a special addendum reinforcing the importance of preparing for a world where the U.S. can no longer spend without consequences.

He emphasizes the need for investors to understand the underlying vulnerabilities of the U.S. financial system and proactively adjust their portfolios to mitigate potential risks.

David Rosenberg’s return to Wealthion offers a timely and thought-provoking perspective on the future of the global economy.

While predictions should always be approached with caution, his insights provide valuable guidance for navigating an increasingly uncertain financial landscape. Now is the time for investors to carefully assess their portfolios and prepare for the potential shifts ahead.

https://youtu.be/_Qr5AApfzKA

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

The Last Silver Bull Market Before The Reset | Clive Thompson

The Last Silver Bull Market Before The Reset | Clive Thompson

Liberty and Finance:  6-9-2025

Clive Thompson argues that the current bull market in gold and silver is unlike previous cycles and may be the final one before a major monetary reset.

 He suggests that this run doesn’t have a clear price target because it will continue until the collapse or replacement of the current fiat currency system.

 According to Thompson, the endgame will be triggered by a loss of confidence in fiat currencies, leading people to rush into tangible assets like precious metals and essential goods.

The Last Silver Bull Market Before The Reset | Clive Thompson

Liberty and Finance:  6-9-2025

Clive Thompson argues that the current bull market in gold and silver is unlike previous cycles and may be the final one before a major monetary reset.

 He suggests that this run doesn’t have a clear price target because it will continue until the collapse or replacement of the current fiat currency system.

 According to Thompson, the endgame will be triggered by a loss of confidence in fiat currencies, leading people to rush into tangible assets like precious metals and essential goods.

He believes that in any future currency reset, those holding physical gold or silver will retain their wealth, while holders of fiat financial assets will face severe losses or limited convertibility.

 This, he says, marks a historic transition where gold and silver won't just rise in price—they'll serve as a bridge to the next monetary system.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Silver

4:12 Gold

12:00 Platinum

13:49 US debt crisis

https://www.youtube.com/watch?v=k-hpN5IaMxc

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-10-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins says the right to self-custody is a 'foundational American value'

▪️SEC Chair Paul Atkins hinted at more of an openness toward self-custody, marking a departure from the previous administration.

▪️Since President Donald Trump took office and following former Chair Gary Gensler’s departure, the agency has taken a warmer approach to crypto.

Good Morning Dinar Recaps,

SEC Chair Paul Atkins says the right to self-custody is a 'foundational American value'

▪️SEC Chair Paul Atkins hinted at more of an openness toward self-custody, marking a departure from the previous administration.

▪️Since President Donald Trump took office and following former Chair Gary Gensler’s departure, the agency has taken a warmer approach to crypto.

A New Crypto Vision Under the Trump and Atkins Era

U.S. Securities and Exchange Commission Chairman Paul Atkins is turning a new page at the agency in how it views self-custody, describing it as a "foundational American value."

In remarks delivered Monday at the SEC’s final Crypto Task Force Roundtable, titled "DeFi and the American Spirit," Atkins hinted more of an openness toward self-custody, marking a departure from the previous administration.

"The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet," Atkins said Monday"I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities."

Since President Donald Trump took office and following former SEC Chair Gary Gensler's departure, the agency has taken a warmer approach to crypto in part through dropping enforcement actions against major crypto industry players and creating the crypto task force.

The task force has hosted five roundtable discussions over the past few months with a focus on tokenization, custody, trading, and defining securities.

Atkins has criticized the agency's previous approach, and on Monday, accused the agency of undermining the innovation in self-custody by asserting that developers could be brokers, and therefore, need to follow the SEC's rules.

"I do not believe that we should allow century-old regulatory frameworks to stifle innovation with technologies that could upend and most importantly improve and advance our current, traditional intermediated model," Atkins said. "We should not automatically fear the future."

Atkins also said he asked SEC staff to look into next steps.

"I have asked the Commission staff to explore whether further guidance or rulemaking may be helpful for enabling registrants to transact with these software systems in compliance with applicable law," he said.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

Trump's CFTC pick Quintenz pledges clear crypto classification in written remarks for Senate hearing

▪️Brian Quintenznominee for new CFTC chair, said he would support bringing clarity to crypto classification and jurisdiction for market oversight.
▪️Quintenz said he would utilize his experience as head of policy at a16z crypto to shape future regulations around crypto.

Brian Quintenznominee to lead the U.S. Commodity Futures Trading Commission, has pledged to provide clear classification and jurisdictional clarity for digital asset market regulation in a written statement shared ahead of his nomination hearing.

The former CFTC commissioner was nominated by President Donald Trump in February, and is scheduled to appear before the Senate Agriculture Committee for a nomination hearing on Tuesday.

"It is time for a comprehensive regulatory framework for crypto assets, including token classification clarity and clear jurisdiction for trading market oversight," said Quintenz. "I am fully prepared to use my experience and expertise to assist in that effort as well in executing any expanded mission should legislation pass into law."

@ Newshounds News™
Source:  
The Block

~~~~~~~~

Nigeria Calls on BRICS To Switch Trading in Local Currencies

Nigeria has called on BRICS to switch to trading in local currencies and refrain from using the US dollar for cross-border transactions. During a meeting at the BRICS trade forum held in Brazil, Nigeria’s House Committee on Foreign Affairs, Wole Oke, said that the alliance must begin investing in each other’s economy to maintain equal economic stability for all.

At the trade forum, he urged BRICS to reduce usage of US dollar transactions and begin payments in local currencies. He also urged the bloc to reduce dependency on Western powers and uplift the economies of developing countries.

“Strengthening BRICS trade is no longer optional, it is a necessity. We must trade more with each other, invest in one another, and build a trade ecosystem that puts our people first,” he said, stressing that the time to use local currencies for trade is ripe.

The lawmaker proposed BRICS to create a new establishment for local currency settlements that cuts exposure to “volatile currency politics”. He added that investments must be made in all business sectors including pharmaceuticals, agriculture, manufacturing, and clean energy.

The foreign minister stressed that BRICS members have an overall GDP of 40% of the global economy, and the potential to make it even bigger is untapped and can be a success if local currencies are made the norm. Nigeria is among the 13 partner members of BRICS and is considering reshaping the global finances.

Nigeria Follows the Footsteps of BRICS, Makes Local Currencies Official

Just recently, the government of Nigeria announced that only their local currencythe Nigerian naira will be the official tender for oil trade in the country, ending dependency on the US dollar. 

All oil-refiners must use the local currency and the move could boost its prospects in the forex markets. The African country is looking to tackle the US dollar’s dominance by putting it second in line for oil payments.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

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