Seeds of Wisdom RV and Economic Updates Monday Evening 1-20-25

Good Evening Dinar Recaps,

MARK UYEDA NAMED ACTING SEC CHAIR AMONG TRUMP APPOINTMENTS

Members of the US Commodity Futures Trading Commission also announced on Jan. 20 that Caroline Pham would serve as acting chair, filling two crucial regulatory roles

US Securities and Exchange Commission member Mark Uyeda will be acting chair of the financial regulator as of Jan. 20 following an announcement from the Trump administration.

In a Jan. 20 notice from the White House, President Donald Trump said Uyeda would replace outgoing SEC Chair Gary Gensler in an acting capacity until the US Senate could confirm one of his nominees. Uyeda, a Republican, has served at the SEC since 2022 after being nominated by former US President Joe Biden.

Before taking office, Trump announced on social media that he planned to nominate former SEC Commissioner Paul Atkins to replace Gensler.

Atkins’ name appeared on a list of sub-cabinet appointments Trump said he had nominated to the Senate. It’s unclear when the chamber could consider his nomination as an SEC member.

Meanwhile, members of the US Commodity Futures Trading Commission announced on Jan. 20 that Commissioner Caroline Pham would serve as acting chair after Rostin Behnam stepped down.

The heads of the two financial regulators will be in a position to significantly influence policy related to digital assets.

As an SEC member, Uyeda criticized the commission’s approach to digital assets under Gensler, saying it “neither facilitates capital formation nor protects investors.” Under the former chair, the SEC filed several enforcement actions against US-based crypto firms, including Ripple Labs, Coinbase, Terraform Labs and Binance.

New administration, new approach to crypto?

It’s unclear what the status of these lawsuits will be under the Trump administration or Acting Chair Uyeda. The SEC will reportedly consider freezing all enforcement cases that don’t involve allegations of fraud.

Since taking the oath of office at 12:00 pm ET, Trump has not mentioned digital assets or blockchain on his first official day as US president. He had also pledged to commute the sentence of Silk Road founder Ross Ulbricht.

Reports suggested Trump was planning on signing an executive order potentially related to crypto, but the White House had not announced anything at the time of publication. Neither digital assets nor blockchain appeared on the administration’s list of policy priorities as they were first published on Jan. 20.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

DONALD TRUMP APPOINTS CAROLINE PHAM AS ACTING CFTC CHAIR

The CFTC commissioner has previously called for regulating digital assets in her role with the financial regulator, which could change under Donald Trump.

In one of his first official acts after being sworn in as US president, Donald Trump will name Commodity Futures Trading Commission (CFTC) member Caroline Pham as the acting chair of the financial regulator.

In an announcement shared with Cointelegraph on Jan. 20, a representative of Commissioner Pham said she would replace former CFTC Chair Rostin Behnam temporarily until Trump could nominate a permanent head of the regulator whom the Senate could confirm.

She has been serving as a CFTC commissioner since April 2022 after being nominated by former US President Joe Biden.

“I’m humbled to lead the CFTC as Acting Chairman,” said Pham. “It is an honor to be entrusted to serve the American people during this pivotal time.”

Behnam announced in January that he planned to step down on the day of Trump’s inauguration. Though any new CFTC commissioner or chair would need to be confirmed by a majority of lawmakers in the US Senate after hearings, Trump has the authority to appoint temporary replacements under the Federal Vacancies Reform Act.

As a CFTC commissioner, Pham has called on the government to address crypto regulation and proposed initiatives to protect investors.

It’s unclear what roles the CFTC and Securities and Exchange Commission will have in regulating crypto under the Trump administration, with many US lawmakers suggesting they plan to pass legislation establishing a market framework.

Trump took the oath of office as US president on Jan. 20 but notably did not mention digital assets or blockchain technology in his acceptance speech. In one of his last acts as a private citizen before assuming office, he and his wife, Melania, announced the launch of memecoins, which critics claim allow anyone to funnel money indirectly into the first family’s pockets.

US crypto regulation under Donald Trump

The appointment of Pham is one of many actions potentially affecting the crypto industry Trump is expected to take on his first day in office. The US president said he intended to nominate former SEC Commissioner Paul Atkins to replace Gary Gensler as chair of the financial regulator — Gensler officially stepped down on Jan. 20.

In May 2024, Trump promised to commute the sentence of Silk Road founder Ross Ulbricht, and reports have suggested he plans to sign at least one executive order related to crypto or blockchain.

The White House is expected to announce what executive orders Trump will sign on Jan. 20, but reports suggested the number would be “close to 100.”

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

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Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Seeds of Wisdom RV and Economic Updates Monday Afternoon 1-20-25

Dinar Recaps Note: Sorry, this is the same as our last Seeds of Wisdom post. The new post is up now ( link ).

Good Afternoon Dinar Recaps,

INCOMING PRESIDENT TRUMP SHOWS SUPPORT FOR INNOVATION, BUT MAKES NO MENTION OF CRYPTO DURING INAUGURATION SPEECH

During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.

Trump is also set to issue crypto-related executive orders.

In his return to Washington D.C. on Monday, Donald Trump touted his support for innovation, though did not specifically mention crypto during his inauguration speech on Monday.

“There’s no nation like our nation,” Trump said. “Americans are explorers, builders, innovators, entrepreneurs and pioneers. The spirit of the frontier is written into our hearts."

However, Trump did not mention crypto in a document titled "President Trump's America First Priorities" in an email sent out by the office of the press secretary. Punchbowl News earlier released the document.

During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.

Trump made several promises to the sector, including promising to commute Ross Ulbrucht's sentence, who is currently serving a life sentence without the possibility of parole for his role in creating and operating the dark web marketplace Silk Road, tied to bitcoin's early history.  

Trump also vowed to stop "Joe Biden's crusade to crush crypto" by ensuring the future of crypto will not be "driven overseas," supporting the right to self-custody and preventing the development of a central bank digital currency. Some Republican lawmakers have been staunchly opposed to a CBDC and say a CBDC could open the door to government surveillance of peoples' transactions.

Trump is reportedly poised to issue executive orders on his first day that could include creating a crypto council and ensuring that firms have access to banks, according to Reuters.

The Washington Post reported last week that Trump could also issue executive orders that encompass repealing the U.S. Securities and Exchange Commission's controversial crypto accounting guidance, SAB 121.

A potential crypto council could have anywhere between 10 to 100 members. Those members will presumably be crypto executives, but those decisions will be up to the firms to pick who will represent them in the council, said Ron Hammond, senior director of government relations at the Blockchain Association, in an interview with The Block last week.

Trump also plans to issue an executive order to set cryptocurrency as a national policy priority, Bloomberg reported last week, citing sources familiar with the matter.

Days before his inauguration, Trump's team launched the TRUMP token on the Solana blockchain which reached a market cap of over $9 billion.

Trump has also previously thrown his support behind the debut of World Liberty Financial, a DeFi protocol that counts former that counts the President-elect as its "chief crypto advocate." That project was criticized by some crypto pundits who called it "a meme masquerading as a utility project."

@ Newshounds News™

Source:  The Block

~~~~~~~~~

OVER $200B WIPED FROM CRYPTO MARKETS AFTER TRUMP IGNORES CRYPTO IN CEREMONY SPEECH

The total crypto market cap dumped toward $3.6 trillion.

Donald Trump’s highly anticipated inauguration ceremony officially took place, and he is now the 47th US president.

Despite the numerous reports ahead of time about potentially including crypto in his speech, Trump failed to mention it even once, which triggered a massive crash for the entire market.

Just as the inauguration began, BTC’s price tumbled by over five grand, going from more than $107,000 to under $102,000 in minutes.

However, it managed to recover some ground and spiked to $105,000 during the speech. However, once that concluded and it became evident that Trump will not mention the digital asset industry at all, BTC and the rest of the market headed south immediately.

BTC’s nosedive took it south to $100,500 (for now). Many altcoins bled even more heavily, including Trump’s official meme coin. 

The recently launched asset is down by over 20% in the past hour alone and now struggles to remain above $40. Recall that it peaked above $70 earlier today but has faced a lot of competition and criticism following the launch of Melania Trump’s alternative.

Other massive losers include SPX, FARTCOIN, HBAR, WIF, LINK, AAVE, WLD, TIA, BONK, and more, as all of them have dropped by more than 6% in the last hour.

The total crypto market cap went from a daily high of over $3.850 trillion to $3.6 trillion during the crash.

The wrecked positions have shot up to nearly $200 million within that same timeframe. Almost 400,000 traders have been liquidated on a daily scale, according to data from CoinGlass.

@ Newshounds News™

Source:  Crypto Potato

~~~~~~~~~

US CBDC ‘IS DEAD’ UNDER TRUMP, BUT STABLECOINS COULD BE SET TO EXPLODE

President Donald Trump has promised to “never allow” a CBDC in the United States, but stablecoin adoption is well on its way.

Now that US President Donald Trump has taken his oath of office, the chances for a US central bank digital currency (CBDC) are all but finished.

Trump has been a vocal opponent of CBDCs, promising on the campaign trail in New Hampshire in 2024 that he would “never allow the creation of a central bank digital currency,” as he claimed it would give the government “absolute control over your money.”

Trump made the promise early on in the campaign, back in January 2024, but there’s little to suggest that the president has changed his mind. Top picks for Trump’s Cabinet and prominent members of the Republican-controlled Congress have also vocally opposed a CBDC.

However, US lawmakers are still focused on proliferating digital currencies. In the absence of a digital dollar and with significant bipartisan support, stablecoin adoption could see significant growth under the incoming administration.

CBDCs are dead; long live the stablecoin

“CBDC in the US is dead under Trump,” Geoff Kendrick, global head of digital assets research at Standard Chartered, told Cointelegraph. “Instead, they’re going down the private stablecoin route, and the Fed has no control over that.”

Indeed, stablecoin legislation is already making its way through the system. In the House of Representatives, Rep. Patrick McHenry introduced the Clarity for Payment Stablecoins Act of 2023, while in the Senate, Wyoming Republican Senator Cynthia Lummis and New York Democratic Senator Kirsten Gillibrand submitted the Lummis-Gillibrand Payment Stablecoin Act.

These bills would provide regulatory guardrails that the industry has been saying it needs in order to succeed.

Some have suggested the industry could see new stablecoin regulations soon, as it would be a quick win for representatives on both sides of the aisle, who will need to defend their seats again in 2026.

Kendrick said, “I think, under Trump, you’ll get passage in the next few months of a stablecoin bill that creates regulation. You’ll then probably get more TradFi players issuing stablecoins in the US [...] and you’ll also get more surety behind the two largest stablecoins, Tether and USDC.”

The pivot to private stablecoins can be explained by two important factors: the clear privacy concerns surrounding CBDCs and the fact that central banks are having a hard time convincing the public of their benefits.

CBDCs raise concerns about privacy and government oversight

Reuters and The Washington Post have reported that the Trump administration is planning mass dismissals of federal employees, paving the way for them to be replaced by appointees loyal to the administration.

Administration spokesperson Brian Hughes told Reuters, “The Trump Administration will have a place for people serving in government who are committed to defending the rights of the American people, putting America first, and ensuring the best use of working men and women’s tax dollars.”

This rhetoric fits into the wider Republican skepticism of government involvement in the financial industry and the desire to deregulate that industry broadly. It comes as no surprise then that CBDCs, which are already a subject of public privacy concerns, should be a target.

John Kiff, a digital currency expert and former senior financial sector expert at the International Monetary Fund, told Cointelegraph that users “want cash-like anonymity and privacy, but central banks are reluctant to offer that as they bend the knee to financial integrity laws and regulations” like Anti-Money Laundering and Countering the Financing of Terrorism laws.

Kiff said, “Purported benefits are related to such things as increasing financial inclusion and reducing the costs to users and merchants of transactions.”

Trump himself suggested that, with a CBDC, the government “could take your money, and you wouldn’t even know it was gone.”
@ Newshounds News™

Read more:  CoinTelegraph   

~~~~~~~~~

LIVE: THE INAUGURATION OF DONALD J. TRUMP AS THE 47TH PRESIDENT OF THE UNITED STATES 1/20/25

If you missed the Inauguration Ceremony today, you can still watch it on the Rumble link here from Right Side Broadcasting Network.

@ Newshounds News™

Source:  Rumble

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Debt, Deficits, and The Road to a New Monetary Order

Mel Mattison: Debt, Deficits, and The Road to a New Monetary Order

Palisades gold Radio:  1-20-2025

Tom welcomes back Mel Mattison to discuss the economic implications of the new administration under Trump's second term.

 He expresses skepticism towards government-released data such as CPI numbers and raises concerns about rising inflation and interest rates due to massive deficit spending and debt refinancing.

Mel estimates approximately seven to eight trillion dollars will be issued this year for these purposes, with uncertainty surrounding who will buy all this debt. He suggests real inflation numbers may be higher than reported, potentially leading to significant increases in interest rates.

The U.S., with a debt-to-GDP ratio of 120%, faces a major concern regarding unsustainable levels of interest expenses.

Mel shares his concerns about the historical parallels between the current high debt-to-GDP ratio and that of the post-World War II era, when reductions in debt came from a combination of surprise inflation and interest rate manipulations.

The need for fiscal sustainability is discussed, with maintaining a 3% deficit to GDP ratio suggested.

However, achieving this through cuts alone is considered unrealistic due to the significant role government spending plays in the economy.

The possibility of a debt reset under new Treasury Secretary Scott Besson is explored, with the need for independence from China's supply chains and essential goods emphasized due to global security competition.

The potential for gold and Bitcoin as neutral reserve assets is proposed, along with revaluing gold certificates held by the Federal Reserve and a move towards these assets to lead to significant increases in value.

 Mel discusses Bitcoin potentially decoupling from risk assets like QQQ this year due to increasing institutional adoption.

Potential consequences of a global debt crisis include a revaluation of currencies through gold or Bitcoin, and economic wartime goals setting the stage for inflationary impulses to return.

The need for controlling interest rates and addressing inflation is emphasized, with potential consequences including debt repression, a gold certificate revaluation, and the promotion of stablecoins.

Mel predicts a significant crisis leading to market pullbacks and recoveries, while acknowledging the urgency to tackle deficit issues due to their increasing impact on tax receipts and interest expenses.

Time Stamp References:

0:00 - Introduction

0:44 - Economic Strength

6:20 - U.S. Debt Holders

11:33 - Debt & GDP Extremes

15:20 - DOGE Cuts & Deficits

21:18 - Debt Reset & BRICS

 28:08 - Gold Cert. Valuations

 31:43 - BTC & Gold Potential

35:53 - Global Debt & Reserves

 39:16 - Tariffs Purpose & Trump

42:50 - Inflation & Oil Trends

 46:56 - Trump Power Plays

51:34 - Equity Markets Outlook

56:35 - Jeffrey Gundlach

59:13 - 2025 Possibilities

1:01:23 - Wrap Up

https://www.youtube.com/watch?v=3JgjiQwis98

Seeds of Wisdom RV and Economic Updates Monday Afternoon 1-20-25

Good Afternoon Dinar Recaps,

INCOMING PRESIDENT TRUMP SHOWS SUPPORT FOR INNOVATION, BUT MAKES NO MENTION OF CRYPTO DURING INAUGURATION SPEECH

During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.

Trump is also set to issue crypto-related executive orders.

In his return to Washington D.C. on Monday, Donald Trump touted his support for innovation, though did not specifically mention crypto during his inauguration speech on Monday.

“There’s no nation like our nation,” Trump said. “Americans are explorers, builders, innovators, entrepreneurs and pioneers. The spirit of the frontier is written into our hearts."

However, Trump did not mention crypto in a document titled "President Trump's America First Priorities" in an email sent out by the office of the press secretary. Punchbowl News earlier released the document.

During his campaign, Trump drummed up support from top executives, among others, in the crypto industry looking for a change in the U.S. regulatory environment.

Trump made several promises to the sector, including promising to commute Ross Ulbrucht's sentence, who is currently serving a life sentence without the possibility of parole for his role in creating and operating the dark web marketplace Silk Road, tied to bitcoin's early history.  

Trump also vowed to stop "Joe Biden's crusade to crush crypto" by ensuring the future of crypto will not be "driven overseas," supporting the right to self-custody and preventing the development of a central bank digital currency. 

Some Republican lawmakers have been staunchly opposed to a CBDC and say a CBDC could open the door to government surveillance of peoples' transactions.

Trump is reportedly poised to issue executive orders on his first day that could include creating a crypto council and ensuring that firms have access to banks, according to Reuters. The Washington Post reported last week that Trump could also issue executive orders that encompass repealing the U.S. Securities and Exchange Commission's controversial crypto accounting guidance, SAB 121.

A potential crypto council could have anywhere between 10 to 100 members. Those members will presumably be crypto executives, but those decisions will be up to the firms to pick who will represent them in the council, said Ron Hammond, senior director of government relations at the Blockchain Association, in an interview with The Block last week.

Trump also plans to issue an executive order to set cryptocurrency as a national policy priority, Bloomberg reported last week, citing sources familiar with the matter.

Days before his inauguration, Trump's team launched the TRUMP token on the Solana blockchain which reached a market cap of over $9 billion. Trump has also previously thrown his support behind the debut of World Liberty Financial, a DeFi protocol that counts former that counts the President-elect as its "chief crypto advocate." That project was criticized by some crypto pundits who called it "a meme masquerading as a utility project."

@ Newshounds News™

Source:  The Block

~~~~~~~~~

OVER $200B WIPED FROM CRYPTO MARKETS AFTER TRUMP IGNORES CRYPTO IN CEREMONY SPEECH

The total crypto market cap dumped toward $3.6 trillion.

Donald Trump’s highly anticipated inauguration ceremony officially took place, and he is now the 47th US president.

Despite the numerous reports ahead of time about potentially including crypto in his speech, Trump failed to mention it even once, which triggered a massive crash for the entire market.

Just as the inauguration began, BTC’s price tumbled by over five grand, going from more than $107,000 to under $102,000 in minutes.

However, it managed to recover some ground and spiked to $105,000 during the speech. However, once that concluded and it became evident that Trump will not mention the digital asset industry at all, BTC and the rest of the market headed south immediately.

BTC’s nosedive took it south to $100,500 (for now). Many altcoins bled even more heavily, including Trump’s official meme coin. The recently launched asset is down by over 20% in the past hour alone and now struggles to remain above $40. Recall that it peaked above $70 earlier today but has faced a lot of competition and criticism following the launch of Melania Trump’s alternative.

Other massive losers include SPX, FARTCOIN, HBAR, WIF, LINK, AAVE, WLD, TIA, BONK, and more, as all of them have dropped by more than 6% in the last hour.

The total crypto market cap went from a daily high of over $3.850 trillion to $3.6 trillion during the crash.

The wrecked positions have shot up to nearly $200 million within that same timeframe. Almost 400,000 traders have been liquidated on a daily scale, according to data from CoinGlass.

@ Newshounds News™

Source:  Crypto Potato

~~~~~~~~~

US CBDC ‘IS DEAD’ UNDER TRUMP, BUT STABLECOINS COULD BE SET TO EXPLODE

President Donald Trump has promised to “never allow” a CBDC in the United States, but stablecoin adoption is well on its way.

Now that US President Donald Trump has taken his oath of office, the chances for a US central bank digital currency (CBDC) are all but finished.

Trump has been a vocal opponent of CBDCs, promising on the campaign trail in New Hampshire in 2024 that he would “never allow the creation of a central bank digital currency,” as he claimed it would give the government “absolute control over your money.”

Trump made the promise early on in the campaign, back in January 2024, but there’s little to suggest that the president has changed his mind. Top picks for Trump’s Cabinet and prominent members of the Republican-controlled Congress have also vocally opposed a CBDC.

However, US lawmakers are still focused on proliferating digital currencies. In the absence of a digital dollar and with significant bipartisan support, stablecoin adoption could see significant growth under the incoming administration.

CBDCs are dead; long live the stablecoin

“CBDC in the US is dead under Trump,” Geoff Kendrick, global head of digital assets research at Standard Chartered, told Cointelegraph. “Instead, they’re going down the private stablecoin route, and the Fed has no control over that.”

Indeed, stablecoin legislation is already making its way through the system. In the House of Representatives, Rep. Patrick McHenry introduced the Clarity for Payment Stablecoins Act of 2023, while in the Senate, Wyoming Republican Senator Cynthia Lummis and New York Democratic Senator Kirsten Gillibrand submitted the Lummis-Gillibrand Payment Stablecoin Act.

These bills would provide regulatory guardrails that the industry has been saying it needs in order to succeed.

Some have suggested the industry could see new stablecoin regulations soon, as it would be a quick win for representatives on both sides of the aisle, who will need to defend their seats again in 2026.

Kendrick said, “I think, under Trump, you’ll get passage in the next few months of a stablecoin bill that creates regulation. You’ll then probably get more TradFi players issuing stablecoins in the US [...] and you’ll also get more surety behind the two largest stablecoins, Tether and USDC.”

The pivot to private stablecoins can be explained by two important factors: the clear privacy concerns surrounding CBDCs and the fact that central banks are having a hard time convincing the public of their benefits.

CBDCs raise concerns about privacy and government oversight

Reuters and The Washington Post have reported that the Trump administration is planning mass dismissals of federal employees, paving the way for them to be replaced by appointees loyal to the administration.

Administration spokesperson Brian Hughes told Reuters, “The Trump Administration will have a place for people serving in government who are committed to defending the rights of the American people, putting America first, and ensuring the best use of working men and women’s tax dollars.”

This rhetoric fits into the wider Republican skepticism of government involvement in the financial industry and the desire to deregulate that industry broadly. It comes as no surprise then that CBDCs, which are already a subject of public privacy concerns, should be a target.

John Kiff, a digital currency expert and former senior financial sector expert at the International Monetary Fund, told Cointelegraph that users “want cash-like anonymity and privacy, but central banks are reluctant to offer that as they bend the knee to financial integrity laws and regulations” like Anti-Money Laundering and Countering the Financing of Terrorism laws.

Kiff said, “Purported benefits are related to such things as increasing financial inclusion and reducing the costs to users and merchants of transactions.”

Trump himself suggested that, with a CBDC, the government “could take your money, and you wouldn’t even know it was gone.”

@ Newshounds News™

Read more:  CoinTelegraph   

~~~~~~~~~

LIVE: THE INAUGURATION OF DONALD J. TRUMP AS THE 47TH PRESIDENT OF THE UNITED STATES 1/20/25

If you missed the Inauguration Ceremony today, you can still watch it on the Rumble link here from Right Side Broadcasting Network.

@ Newshounds News™

Source:  Rumble

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Barreling Towards an Economic Crisis at Year-End Unless this Happens

Barreling Towards an Economic Crisis at Year-End Unless this Happens

David Lin:  1-19-2025

The global economic landscape is looking increasingly precarious, with renowned economist Steve Hanke, Professor of Applied Economics at Johns Hopkins University, raising alarm bells about a potential crisis brewing before year-end.

In a recent interview with David Lin, Hanke painted a stark picture, suggesting that without significant corrective action, the world economy could be headed for turbulent times.

Hanke’s analysis focuses on the shifts in economic policy and conditions since Donald Trump’s inauguration, citing several factors contributing to the current instability. While he didn’t detail specific policy failures in the provided information, the framing of the interview heavily implies a correlation between post-Trump economic developments and the current vulnerability.

While the specifics of what “must happen” to avoid the crisis were not detailed in the information provided, Hanke’s reputation as a leading economic thinker lends significant weight to his warnings.

His implication that an economic crisis is a real possibility unless action is taken should be a wake-up call for policymakers and the general public alike.

The interview leaves many questions unanswered, but the core message is clear: the clock is ticking, and unless a decisive shift in [again, areas like economic policy & regulations] occurs, we may be facing a very difficult year-end. The world will be watching anxiously for how governments and institutions respond to these stark warnings from a respected voice in the economic field.

https://youtu.be/FxuWGw5R_A8

Iraq Economic News and Points to Ponder Monday AM 1-20-25

Iraq Launches New Banknotes With Innovative Security Markings For The Visually Impaired

Economy breaking  2025-01-19 01:54   Shafaq News/ The Central Bank of Iraq unveiled the security marks for banknotes in circulation, with the aim of educating the public, as well as the companies and commercial banks that deal with these notes on a daily basis.

The Central Bank reviewed these improved security signs, through a technical bulletin, received by Shafaq News Agency, noting the introduction of prominent signs on the new banknotes to enable the visually impaired to recognize the denominations of bills by touch.

In the context of awareness, the bank indicated that the public will have sufficient time to adapt to the new banknotes, stressing the importance of sharing this information with those around them.

The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation.

The bank explained that its main objectives are to maintain the stability of local prices and ensure a financial system based on a stable competitive market. It also aims to promote sustainable growth, job opportunities, and prosperity in Iraq.

The Central Bank of Iraq reviewed the excellence of Iraqi banknotes, as they are among the most complex security marks, and were manufactured from the best types of paper used in printing banknotes to ensure quality and security.

The bank stressed that any attempt to manufacture, possess, or pass counterfeit banknotes is considered a criminal act and is severely punished by law, calling for any counterfeit banknotes to be handed over to the police and the Central Bank of Iraq.

The headquarters of the Central Bank of Iraq is located in the center of the capital, Baghdad, and it has three branches in the cities of Basra, Mosul, and Erbil within the Kurdistan Region.

https://media.shafaq.com/media/arcella_files/1737284012913_دليل الاوراق النقدية.pdf
   
   
https://shafaq.com/ar/اقتصـاد/العراق-يطرح-وراقا-نقدية-جديدة-بعلامات-منية-مبتكرة-لضعاف-البصر-صور    
   
~~~~~~~~~~

Read Below To See Affected Denominations And Security Features Explanations.

https://shafaq.com/ar/اقتصـاد/العراق-يطرح-وراقا-نقدية-جديدة-بعلامات-منية-مبتكرة-لضعاف-البصر-صور   

https://media.shafaq.com/media/arcella_files/1737284012913_دليل الاوراق النقدية.pdf

Shafaq News/ The Central Bank of Iraq has unveiled the security marks of the circulating banknotes, with the aim of educating the public, as well as companies and commercial banks that deal with these banknotes on a daily basis.

The Central Bank reviewed these improved security features, through a technical bulletin, which was received by Shafak News Agency, indicating the introduction of prominent features on the new banknotes to enable the visually impaired to identify the banknote denominations by touch.

In the context of awareness, the bank indicated that the public will have enough time to adapt to the new banknotes, stressing the importance of sharing this information with those around them.

The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation.

The bank explained that its main objectives are to maintain the stability of domestic prices and ensure a financial system based on a stable competitive market, and it also aims to promote sustainable growth, job opportunities, and prosperity in Iraq.

The Central Bank of Iraq reviewed the distinction of Iraqi banknotes, which are among the most complex security features, and are manufactured from the best types of paper used in printing banknotes to ensure quality and security.

The bank stressed that any attempt to manufacture, possess or pass counterfeit banknotes is a criminal act punishable by law, calling for any counterfeit banknotes to be handed over to the police and the Central Bank of Iraq.

The headquarters of the Central Bank of Iraq is located in the center of the capital, Baghdad, and it has three branches in the cities of Basra, Mosul, and Erbil within the Kurdistan Region

LINK

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Monday Morning 1-20-25

Good Morning Dinar Recaps,

INVESTOR CHRIS BURNISKE SEES CRYPTO ENTERING ‘GOLDILOCKS PERIOD’ AMID SUPPORT FROM INCOMING US ADMINISTRATION

Venture capitalist Chris Burniske believes crypto is about to enter uncharted territory as the United States welcomes a second Donald Trump presidency.

Burniske tells his 317,600 followers on the social media platform X that he thinks Bitcoin’s (BTC) four-year cycle may witness an abrupt end with the installment of a pro-crypto US government.

BTC’s four-year cycle is based on halving events when Bitcoin miner rewards are slashed in half every four years. In the past, halvings have correlated with parabolic rallies for Bitcoin as the reduction in new BTC emissions created an imbalance between supply and demand.

Says Burniske,

“Continue to believe there are high odds we break the simplistic four-year cycle that BTC has honored the last ~12 years…

With a supportive US administration, crypto could be entering a Goldilocks period over the next many years, where returns aren’t as parabolic, but instead we see steadier growth, not to mention majors stop suffering 85-95% drawdowns.”

In investing, a Goldilocks scenario is when an asset class sees moderate and sustainable growth over a long period of time.

Burniske also predicts market meltdowns that crypto investors have been accustomed to will likely be in the rearview mirror once digital assets enter Goldilocks territory. He believes that exchange-traded funds (ETFs) will support the steady rise of crypto assets while minimizing market drawdowns.

“On drawdowns: I’m not saying they’ll stop, I’m saying it’s possible they get less extreme for the majors, which could whiplash people who overtrade with too much aggression…

I also think BTC and ETH both having ETFs, and perhaps SOL+ soon, will provide more consistent buying pressure for these assets.”

While the investor believes in steady growth for large-cap coins, he notes that digital assets could still witness gut-wrenching corrections but they likely won’t be as severe as the ones seen in the past.

“If you ever want to see the percentage drawdown BTC could be exposed to, look at the 200-week SMA (simple moving average), which has been our most reliable technical support each bearish period. Right now at ~$40,000 that suggests a 60% drawdown is possible, which is a far cry from 80%+ (has to drop another 50% from 60% down, to hit 80% down). As BTC rises, so too will the 200-week SMA.”

Burniske concludes by saying that 2025 will likely be a “great year” for crypto investors.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

GOLD PRICES COULD HIT $3,000 IF TRUMP PUTS HIS THREATS TO WORK

Donald Trump took oath as the 47th President of the United States on Monday and will govern the nation for four years. Investors closely watch his statements, threats, and proposals on the U.S. economy and monetary policies. Gold prices hovered around the $2,707 mark when Trump took oath and surged nearly 5 points in the indices.

The precious metal remains on the greener side of the spectrum and is looking to gain another leg-up. Traders are hopeful that Trump’s upcoming trade wars could benefit gold prices, as institutions could park their funds to hedge the markets.

Trump’s Trade Tariffs Could Make Gold Reach $3,000

A leading commodity investor told Kitco News that gold prices could reach $3,000 if Trump sticks to his tariff threats. The markets could react strongly if the tariffs are imposed, as they could cause a trade imbalance between the U.S. and other countries.

Jesse Colombo, an independent precious metals analyst and founder of the BubbleBubble Report said that the short-term target for gold prices remains at $2,800. If Trump heats the import and export sector, gold’s price target remains a solid $3,000. He wrote that it could breach the mark during the second half of 2025.

“For the past two months, gold has been taking a breather, but now the market has a lot of pent-up energy. I’m excited about gold’s potential,” he said. The analyst explained that if Trump’s tariffs take place, consumers around the world will have to shell out more money for daily essentials.

“Gold’s significant resistance level remains $3,000 an ounce,“ he said, adding that a price rise ignited by Trump could lead to stagnation in the global markets. Therefore, investors need to closely watch Trump’s policies and invest widely based on the market trends. The XAU/USD could continue its rally in 2025 and remain in demand throughout the year.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

WHAT IS DEFAI? A BEGINNER'S GUIDE

Defai is a convergence of artificial intelligence and decentralized finance, poised to simplify on-chain tasks and unlock new opportunities.

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this timely article, Blocmate’s Gaz explains this important emerging sector of AI x crypto. If you aren’t familiar with defai, or you don’t know exactly what it means, this article is for you.

Welcome to the Intersection of AI and Defi

AI agents are, at present, the only meta that seems to matter. They’ve been breathing fresh degeneracy into the crypto markets like nothing we have seen until this point in the cycle and stealing insane amounts of mindshare in the process.

Meanwhile, the fools who faded are forced to FUD away from the sidelines while the rest of us sift through the trenches to try and catch the next 100x mooner.

The open-sourced nature of this narrative means that things are moving at a pace that no single humanoid can possibly keep up with. This further proves the utility of these ever-awake, ever-watching robots — who are already outcompeting us mortals in every aspect of the crypto game.

It seems like very soon we simple homo sapiens will be forced into capitulation by our new AI overlords as we watch ourselves be replaced in pretty much every facet of life.

It is, however, not all bad news. At least not for us degens.

Within this agent meta will spring forth many sub-metas that we can attempt to gamble our way to freedom before the inevitable replacement occurs.

@ Newshounds News™

Read more:   Bitcoin News

~~~~~~~~~

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“Tidbits From TNT” Monday Morning 1-20-2025

TNT:

Tishwash:  The President of the Republic heads the participants.. Davos Forum Investment Dialogue and Confidence Building

The World Economic Forum in the Swiss resort of Davos, today, Monday, brings together major global leaders in the fields of economy, technology, politics and society, under the slogan “Cooperation for the Smart Age ”, and continues until January 24, to discuss current economic, technological and environmental issues and ways to find solutions for them.

3,000 prominent figures from more than 130 countries are participating, including many heads of state and government, including the President of the Republic of Iraq, Abdul Latif Jamal Rashid.

There will be strong representation from around the world, across sectors and geographies, to drive dialogue, build trust and catalyze sustainable solutions to common challenges.

The forum will witness the participation of more than 1,600 business leaders, including more than 900 senior CEOs and chairmen of the boards of directors of member companies and partners of the forum, in addition to more than 120 global innovators, technology pioneers and start-ups.

The Davos Forum focuses on five main areas: reimagining growth, industries in the smart age, investing in people, protecting the planet, and rebuilding trust. link

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

Tishwash:  Prime Minister's Advisor: Electronic customs declaration prevents smuggling and limits corruption and bribery

 The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed today, Sunday, that the electronic customs declaration program prevents smuggling and limits corruption and bribery. While he explained that it facilitates accurate and rapid oversight and review, he pointed out that it reduces costs for importers.

Saleh said in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the program for developing the electronic customs declaration and its entry into force is an important and positive step towards improving customs performance in particular and enhancing the efficiency of the Iraqi economy in general."

He added that "the adoption of this electronic program for customs declaration represents an important part of the reform efforts branching out from the government program in the field of e-governance and financial and economic reform, which aims to modernize administrative and financial systems, combat corruption, and raise the efficiency of Iraq's foreign trade,"

Noting that "this electronic system provides two important details in customs life in the development of customs policy applications in Iraq, as it is one of the important arms of financial policy in our country, which are: First, reducing human intervention in customs clearance operations, which reduces the opportunities for corruption and bribery."

He continued: “The second provides clear tracking of transactions, which facilitates effective, accurate and rapid customs control and review,” indicating that “the electronic customs declaration program will undoubtedly reduce the time required to complete customs declarations, in a way that supports the movement of trade and reduces the costs that fall on traders and importers. This change in the pattern of customs declarations encourages companies to import and export goods with ease and high speed.”

He explained, "As for customs revenues, the program will contribute to providing accuracy in collecting customs duties in a way that prevents customs evasion, as taxes are a form of important public revenues that the government program seeks to raise within non-oil revenues, in addition to reducing losses resulting from corruption or negligence in collecting related customs duties and taxes, as was previously followed, using manual methods and human intervention."

He pointed out that "the business environment in the national economy gives an advanced signal to investors and traders, and its precise operations should be positively reflected in the reports of multilateral international organizations within the framework of the progress of the business environment in our country, including the World Bank's periodic reports in this regard  link

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

Tishwash:  Al-Nusairi: Banks are the lever of sustainable development

Economic and banking advisor Samir Al-Nusairi confirmed, on Sunday, the completion of the Central Bank’s procedures for implementing the goals and initiatives of its third strategy 2024-2026, which is concerned with developing and restructuring the banking sector in accordance with what the consulting and auditing companies that are currently cooperating with the Central Bank and with the government in this field have reached, and that it should not be limited to support, but rather go beyond that to include the banking sector in making economic, financial, banking and investment decisions.

Al-Nusairi spoke about the challenges of the Iraqi economy and the opportunities for reform of the banking sector in the government’s program and the prospects of the Central Bank’s future vision for the role of the banking sector in sustainable development.

In light of the efforts currently being made to activate and revolutionize the productive economic sectors other than oil to diversify sources of national income and achieve financial sustainability, and the role of the Central Bank in regulating foreign trade financing and completing infrastructure projects to achieve comprehensive digital transformation and expand the use of electronic payment tools in achieving financial inclusion.

He explained that the opportunities for reforming and developing the banking sector in 2025 are as follows:

1- Developing the Iraqi banking system and its compliance with international banking and accounting standards.

2- Enhancing citizens’ confidence in the banking sector locally and internationally recognizing its transparency, progress, and strict commitment to international standards and obtaining the confidence of solid correspondent banks to deal with it.

3- Converting banks to their primary function, which is financing and bank lending for development.

4- Banks that do not provide loans and banking facilities that help in development as a lever for sustainable development lose their meaning as banks, which requires a specific position towards them from the Central Bank in 2025.

5- Seeking to move from a cash economy to a digital economy and withdrawing money outside the banking cycle and introducing it into the banking system.

He pointed out that all the above goals, although the period specified for their implementation according to the timetable of the government program and the strategy of the Central Bank ranges between (1-4 years), what was achieved in 2023 and 2024 constitutes about 60% as announced, which led to the evaluation and classification of banks based on their achievement of the planned goals. There are banks that are moving towards the required development and banks that still need an additional period of time to achieve the goals, and there are troubled banks that are now making exceptional efforts from the Central Bank and the administrations of these banks to rehabilitate them.

He added that what concerns us here is the real functional role of banks in providing loans and banking facilities and moving from a banking role to a developmental role. There are two important observations that must be taken into consideration regarding the issue of providing loans and banking facilities to stimulate the economy and development. The first: The nature of banks’ activities depends on the nature of the activities of the economic sectors, and as long as economic activity is focused on trade (imports), banks’ activity remains focused on external transfers and what is related to that, so unless other sectors move (industry, agriculture, tourism, etc.).

It is worth noting that without controlling imports, these sectors will not develop. Second: It is necessary to provide the legal environment and extend the authority of the law in order to control the speculation market in the US dollar on the black market and to eliminate the phenomenon of illegal trade through unofficial outlets.  link

**********

Mot:  the List Grows as Ya Season - it Does!!! 

Mot: . UH OH !!!!!! 

MilitiaMan & Crew Iraq Dinar News-Corruption $5 Billion Halbousi-New Currency Notes-Cash Economy-WB-WTO-24 Budget

MilitiaMan & Crew Iraq Dinar News-Corruption $5 Billion Halbousi-New Currency Notes-Cash Economy-WB-WTO-24 Budget

1-19-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=IvcG7J35O0k

Iraq Economic News and Points to Ponder Sunday Afternoon 1-19-25

The President Of The Republic Heads To Switzerland Tomorrow To Participate In The Meetings Of The World Economic Forum In Davos

Sunday 19 January 2025 17:20 | PoliticsNumber of readings: 222   Baghdad/ NINA / President of the Republic Abdul Latif Jamal Rashid will head to Switzerland tomorrow to participate in the World Economic Forum meetings in Davos./  https://ninanews.com/Website/News/Details?Key=1180927

Central Bank Of Iraq: 95% Of Dollar Sales To Boost Foreign Balances

01/19/2025  Mawazine News – Economy   The Central Bank of Iraq revealed, on Sunday, that foreign remittances constituted more than 95% of its daily sales, with the participation of 6 banks and 19 exchange companies.

According to a statement issued by the bank, its sales in today's auction amounted to 281 million, 623 thousand, and 107 dollars, at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and 1310 dinars per dollar for foreign remittances, while cash dollars were sold at 1305 dinars per dollar.

The bank indicated that most of the sales, worth 269 million, 823 thousand, and 107 dollars (equivalent to 95.91%), were allocated to strengthening foreign balances through remittances and credits, compared to cash withdrawals, which amounted to only 11 million and 800 thousand dollars.

With regard to the participating banks, the number of banks that purchased cash dollars was only one bank, while 5 banks met requests to strengthen balances abroad.  19 exchange companies also participated in the daily auction.   https://www.mawazin.net/Details.aspx?jimare=258782

Relative Stability Of The Dollar Exchange Rate In The Markets Of Baghdad And Erbil

 01/19/2025  Mawazine News – Economy  The dollar prices stabilized in the markets of the capital Baghdad, while they witnessed a decrease in Erbil, the capital of the Kurdistan Region, with the closing of the stock exchanges on Sunday.

The dollar prices remained stable in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 150,650 dinars per 100 dollars, the same prices recorded this morning.

Exchange rates also stabilized in the local markets in Baghdad, where the selling price reached 151,750 dinars per 100 dollars, and the buying price reached 149,750 dinars per 100 dollars.

As for Erbil, the dollar prices recorded a decrease, where the selling price reached 150,000 dinars per 100 dollars, while the buying price reached 149,900 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=258781

Gold Prices Stabilize In Baghdad

Stock Exchange  Economy News – Baghdad   The prices of "foreign and Iraqi" gold stabilized in the local markets in the capital, Baghdad, today, Sunday, (January 19, 2025).

Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 577 thousand dinars, and a purchase price of 573 thousand dinars.

The selling price of one mithqal of 21-karat Iraqi gold reached 547 thousand dinars, and the purchase price was 543 thousand.

As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 580,000 and 590,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 550,000 and 560,000 dinars.   https://economy-news.net/content.php?id=52080

Iraq's Oil Exports To America Decline During The Week

Energy   The US Energy Information Administration announced today, Sunday, that Iraq's oil exports to the United States of America decreased during the past week.

The administration said in a table seen by "Al-Eqtisad News" that "the average US imports of crude oil during the past week from 10 major countries amounted to 5.964 million barrels per day, down by 322 thousand barrels per day from the previous week, which amounted to 6.016 million barrels per day."

She added that "Iraq's oil exports to America amounted to 152 thousand barrels per day last week, down by 28 thousand barrels per day from the previous week, which amounted to 180 thousand barrels per day."

The administration also indicated that "the largest oil revenues for America during the past week came from Canada at a rate of 3.985 million barrels per day, followed by Mexico at an average of 362 thousand barrels per day, followed by Saudi Arabia at an average of 333 thousand barrels per day, and from Colombia at an average of 262 thousand barrels per day."

According to the table, "the amount of US imports of crude oil from Venezuela was 240 thousand barrels per day, from Brazil it was 129 thousand barrels per day, from Ecuador it was 103 thousand barrels per day, and from Libya it was 86 thousand barrels per day https://economy-news.net/content.php?id=52078

l-Nusairi: Banks Are The Lever Of Sustainable Development

Banks  Economy News – Baghdad   Economic and banking advisor Samir Al-Nusairi confirmed, on Sunday, the completion of the Central Bank’s procedures for implementing the goals and initiatives of its third strategy 2024-2026, which is concerned with developing and restructuring the banking sector in accordance with what the consulting and auditing companies that are currently cooperating with the Central Bank and with the government in this field have reached, and that it should not be limited to support, but rather go beyond that to include the banking sector in making economic, financial, banking and investment decisions.

Al-Nusairi spoke about the challenges of the Iraqi economy and the opportunities for reform of the banking sector in the government’s program and the prospects of the Central Bank’s future vision for the role of the banking sector in sustainable development.

 In light of the efforts currently being made to activate and revolutionize the productive economic sectors other than oil to diversify sources of national income and achieve financial sustainability, and the role of the Central Bank in regulating foreign trade financing and completing infrastructure projects to achieve comprehensive digital transformation and expand the use of electronic payment tools in achieving financial inclusion.

He explained that the opportunities for reforming and developing the banking sector in 2025 are as follows:

1- Developing the Iraqi banking system and its compliance with international banking and accounting standards.

2- Enhancing citizens’ confidence in the banking sector locally and internationally recognizing its transparency, progress, and strict commitment to international standards and obtaining the confidence of solid correspondent banks to deal with it.

3- Converting banks to their primary function, which is financing and bank lending for development.

4- Banks that do not provide loans and banking facilities that help in development as a lever for sustainable development lose their meaning as banks, which requires a specific position towards them from the Central Bank in 2025.

5- Seeking to move from a cash economy to a digital economy and withdrawing money outside the banking cycle and introducing it into the banking system.

He pointed out that all the above goals, although the period specified for their implementation according to the timetable of the government program and the strategy of the Central Bank ranges between (1-4 years), what was achieved in 2023 and 2024 constitutes about 60% as announced, which led to the evaluation and classification of banks based on their achievement of the planned goals.

There are banks that are moving towards the required development and banks that still need an additional period of time to achieve the goals, and there are troubled banks that are now making exceptional efforts from the Central Bank and the administrations of these banks to rehabilitate them.

He added that what concerns us here is the real functional role of banks in providing loans and banking facilities and moving from a banking role to a developmental role. There are two important observations that must be taken into consideration regarding the issue of providing loans and banking facilities to stimulate the economy and development.

The first: The nature of banks’ activities depends on the nature of the activities of the economic sectors, and as long as economic activity is focused on trade (imports), banks’ activity remains focused on external transfers and what is related to that, so unless other sectors move (industry, agriculture, tourism, etc.).

It is worth noting that without controlling imports, these sectors will not develop. Second: It is necessary to provide the legal environment and extend the authority of the law in order to control the speculation market in the US dollar on the black market and to eliminate the phenomenon of illegal trade through unofficial outlets.   https://economy-news.net/content.php?id=52082

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 1-19-25

Good Afternoon Dinar Recaps,

INSIDE TRUMP’S CRYPTO VISION: NATIONAL BITCOIN RESERVE AND EXECUTIVE ORDER IN THE WORKS

President-elect Donald Trump is considering issuing an executive order that makes cryptocurrency a national priority.

President-elect Donald Trump is considering issuing an executive order that makes cryptocurrency a national priority in his return to the White House, Bloomberg said Thursday, noting sources with insights into the plans.

The planned designation would encourage federal agencies to engage with the cryptocurrency industry, which has grown as one of major issues over the latest presidential cycle.

One of the most noteworthy points reportedly under discussion is the review of digital asset policies and potentially suspension of legal actions targeting high-profile companies like Coinbase and Ripple.

Trump is Here…

Under the current administration, the Securities and Exchange Commission (SEC), a key regulatory body for the crypto industry, has initiated over 100 enforcement actions against digital asset firms in the US.

These actions come despite ambiguous regulatory frameworks, prompting several companies to exit the market. The industry sees halting these legal actions as a top priority, as ongoing litigation has caused uncertainty and challenges for those operating in the crypto space.

According to a recent report from Reuters, the SEC is likely to review and possibly freeze litigation involving crypto firms that does not include fraud allegations following Trump’s inauguration.

The change, which may come with the expected leadership overhaul at the SEC, potentially affects existing securities law violation cases against crypto companies.

The executive order will also likely order the establishment of a crypto advisory council, a Trump-proposed body dedicated to advising the administration on crypto-related policy matters. The council is aimed at giving industry insiders a platform to voice their concerns, priorities, and recommendations directly to policymakers.

Trump’s team has been in discussions with crypto executives to shape these policies. David Sacks, appointed as Trump’s AI and crypto czar, has reportedly been working closely with industry leaders to develop a legislative agenda for the industry.

Nation Bitcoin Reserve Proposal under Consideration

One of the most anticipated proposals under discussion is the establishment of a US Bitcoin reserve, which may be included in the executive order on day one. Trump has pledged to create a national Bitcoin stockpile if elected.

While it’s still unclear how a Bitcoin reserve under Trump would look like, experts caution that implementing it through an executive order does not assure its lasting existence.

According to the New York Digital Investment Group (NYDIG), a Bitcoin reserve established through legislative action, like the BITCOIN Act, would have a better chance of enduring beyond any single administration, though the process to make it law could be lengthy.

The US government currently holds 198,109 BTC seized from the notorious Silk Road crackdown. At a current price of $101,000, the Bitcoin stash is worth over $20 billion. If Trump proceeds with the Bitcoin reserve plan, the Bitcoin holdings would be added to the strategic asset for the nation.

Advocates believe that establishing a Bitcoin reserve could alleviate national debt and enhance America’s economic position if cryptocurrencies gain global prominence.

Altcoin Reserve Speculation

The New York Post reported Thursday that there may be more than just a Bitcoin national stockpile.

Trump has held several meetings with industry leaders and project founders since his election victory. The President-elect is reported to have been “receptive” to the concept of making a strategic reserve that incorporates the U.S.-originated altcoins like Solana (SOL), Ripple (XRP), and USD Coin (USDC).

Companies behind these projects have yet to comment on this matter, but crypto figures and community members see the altcoin reserve as a step back. David Bailey, BTC Inc CEO, outright rejects the idea as “fake news” and labels XRP “Kamala coin.”

Almeida, co-founder of Orquestra, expresses strong disappointment, suggesting that the move would severely damage the credibility of whoever made the decision, while Mike Dudas, The Block’s co-founder, says the idea is incredibly foolish and disastrous.

@ Newshounds News™

Source:  Blockonomi

~~~~~~~~~

CRYPTO.COM EXCHANGE SECURES ‘IN-PRINCIPLE’ MICA LICENSE, PAVING THE WAY FOR FULL EUROPEAN UNION APPROVAL

The Singapore-based exchange Crypto.com has secured an “in-principle” license to operate under the European Union’s new digital asset regulatory framework.

Crypto.com bills itself as the “first major global crypto asset service provider” to receive a Markets in Crypto Assets (MiCA) approval.

MiCA is new EU legislation that establishes rules covering the supervision, consumer protection and environmental safeguards of crypto assets.

The regulatory framework, which took effect in December, includes measures that aim to reduce financial crimes including market manipulation, money laundering and terrorist financing. It also places stablecoin issuers under the European Banking Authority and requires them to hold sufficient liquid reserves.

The in-principle license paves the way for full regulatory approval, which would enable Crypto.com to provide a full range of digital asset services across the EU.

Eric Anziani, the exchange’s president and chief operating officer, says the EU is “a growing and vital hub for crypto investment.”

“We have always been fully supportive of MiCA and strongly believe it will bring clarity, transparency, and establish a more streamlined sentiment towards the regulation of our industry across the EU, all of which adds to the building confidence in the crypto sector.”

The exchange also continues to expand its services in North America: Last month, Crypto.com announced plans to offer custody services for high-net-worth individuals and institutions in the US and Canada.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

XRP LAWSUIT NEWS: RIPPLE’S FIGHT WITH SEC FACES NEW TWIST AS TRUMP PROMOTES MEME COIN

As President-elect Donald Trump prepares to take office on Monday as the 47th president of the United States, he has made a surprising move by launching his own cryptocurrency, the $TRUMP coin.

Despite his previous hesitations about cryptocurrency, Trump had expressed his belief that America would become “the crypto capital of the planet” once he returned to Washington.

The timing of the launch has raised some eyebrows. Critics have accused Trump of capitalizing on his imminent presidency to profit from the popularity of cryptocurrencies, particularly meme coins.

However, some experts are focusing on how this move could have an impact on ongoing legal battles in the crypto space, particularly the high-profile lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).

Ripple Lawsuit: Could Trump’s $TRUMP Coin Affect the Case?

Attorney Bill Morgan recently discussed the implications of Trump’s actions on the Ripple lawsuit. Morgan pointed out that the appeal of Judge Torres’ finding against Ripple’s fair notice defense is now looking more promising.

For context, the SEC has been pursuing legal action against Ripple, claiming that the company’s sale of XRP violated securities laws. However, Ripple argues that it had no clear notice that its sales of XRP were subject to SEC registration requirements.

Morgan drew attention to Trump’s stance on the issue of cryptocurrencies and investment contracts. While Trump has issued and promoted the $TRUMP meme coin, he does not believe that such tokens should be classified as investment contracts that require SEC registration.

This is a key issue in the Ripple lawsuit, where the SEC argues that XRP should be treated as a security, while Ripple maintains that it is a digital asset.

Given that Trump has issued a speculative meme coin without adhering to the traditional regulatory frameworks that the SEC enforces on other tokens, Morgan questioned how the SEC v. Ripple case could continue under these circumstances. He said that Ripple’s sales of XRP, like the promotion of $TRUMP, did not involve any post-sale obligations, which is a point of contention in the Ripple case.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

BRICS NEWS: 2 COUNTRIES READY TO DITCH SWIFT AND LAUNCH NEW PAYMENT SYSTEM

BRICS members Russia and Iran want to abandon the Western-dominated payment messaging system SWIFT. The two countries aim to launch a new payment system as an alternative to the SWIFT mechanism. The sanctioned nations are working towards the formation of a new payment system that will completely get rid of the US dollar for cross-border trade and transactions.

SWIFT is controlled by the US making BRICS and other developing countries use the messaging system for financial transactions. The US dollar, Euro, and Pound are the most used currency for settlements around the world. Ending reliance on SWIFT will strengthen local currencies and become the de facto currency for trade.

BRICS: Russia & Iran Ready To Ditch SWIFT After Launching New Payment System

Russia is working closely with its BRICS counterpart Iran to ditch SWIFT and launch a new payment system for transactions.

Details on the formation of the payment mechanism are kept under wraps by the two nations. The work on the financial messaging channel remains confidential until further notice from Russia and Iran.

“The situation in banking and currency cooperation has significantly improved. At the moment, we are working on a confidential financial messaging channel to completely get rid of SWIFT.

 can call 2025 the year in which financial issues in Russian-Iranian relations will be resolved,” said Iranian Ambassador to Russia Kazem Jalali. Other BRICS countries could begin using the new payment system and end their dependency on SWIFT.

The development could usher into a new financial era between Russia and Iran and ditch the Western-dominated payment systems. The BRICS alliance could end up creating an alternative to SWIFT and convince other developing countries to use it. The US dollar will be the hardest-hit currency when the development plays out.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

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Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Here's How The Systemic Financial Crisis Goes Down | John Rubino

Here's How The Systemic Financial Crisis Goes Down | John Rubino

Liberty and Finance:  1-18-2025

John Rubino highlights the growing risks within the homeowners insurance sector, suggesting it could trigger a broader financial collapse.

 Insurance companies are struggling to stay profitable as natural disasters become more frequent and costly, while civil unrest adds further strain on property coverage.

 Rubino warns that the economy is fragile, over-leveraged, and could face a more severe recession than the last one. He argues that inflation is a significant policy error and the reverse wealth effect could slow economic growth.

Insurance, he concludes, is crucial for a stable economy, but current trends are jeopardizing its viability.

INTERVIEW TIMELINE:

0:00 Intro

01:55 The Role of Homeowners Insurance

05:10 Insurance Companies and Natural Disasters

09:54 Economic Implications of Insurance Risks

13:43 Civil Unrest and Its Impact on Insurance

 20:11 The Growing Cost of Natural Disasters

25:17 The Fragility of the Financial System

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

Iraq Economic News and Points to Ponder Late Saturday Evening 1-18-25

Iraq's Internal Debt Between Security Crises, Oil And The Pandemic

Time: 2025/01/18 10:46:25 Read: 1,495 times   {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained today, Saturday, that the roots of the increase in internal debt in Iraq go back to two stages over a decade.

The first stage was linked to the security/financial crisis that occurred during the war on ISIS terrorism, and the accompanying drop in oil prices to levels in which a barrel of oil lost about 60% of the value of its estimated revenues.

Saleh added in his statement to {Euphrates News} that “the impact of this decline was reflected in the revenues of the general budget, in which oil revenues constitute nearly 90% of the total revenues, and that the internal debt is from treasury transfers whose repayment period is one year with an average interest rate ranging between 4 to 5%, in addition to a small portion of other bonds with different repayment periods, all of which are issued by the Ministry of Finance, and followed exclusively by government banks in most cases.”

He pointed out that "the scene was repeated in the second phase, as the domestic debt increased again between 2020 and 2021 due to the financial crisis resulting from the decline in oil prices by almost the same percentage, which coincided with the Corona pandemic (Covid-19) crisis and the closure of the global economy, which was called at the time (the financial/health crisis)." LINK

Iraq Looks Forward To Enhancing Bilateral Cooperation Under The Next US Administration

Time: 2025/01/18 19:16:43 Read: 728 times   {Local: Al Furat News} Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, received today, Saturday, the new Chargé d'Affaires of the US Embassy in Baghdad, Daniel Rubinstein.

A statement by the Foreign Ministry, a copy of which was received by {Euphrates News}, stated that: “At the beginning of the meeting, Hussein offered his congratulations to Rubinstein on the occasion of his assuming his new duties, where he stressed the depth of Iraqi-American relations, while expressing Iraq’s aspiration to enhance bilateral cooperation under the next American administration.”

He added, "The meeting witnessed in-depth discussions on bilateral relations between the two countries, in addition to reviewing regional conditions, especially the situation in Syria. The two sides also touched on current political developments and the pivotal role played by Western countries, primarily the United States, in the course of events inside Syria."

He added, "The two parties also discussed the outcomes of the Riyadh Conference on Syria, which witnessed the participation of the US Under Secretary of State, and stressed the importance of following up on the recommendations that emerged from the conference."

At the end of the meeting, Hussein stressed "the importance of strengthening cooperation between Iraq and the United States in a way that serves common interests and contributes to achieving regional stability."  LINK

UN Representative Explores Nasiriyah Marshes on River Tour

Number of readings: 97 Saturday 18 January 2025 19:22 | Economic  Baghdad / NINA / The Special Representative of the Secretary-General of the United Nations in Iraq, Head of the United Nations Assistance Mission (UNAMI), Ambassador Mohammed Al-Hassan, conducted an exploratory river tour in the Nasiriyah marshes today, Saturday, accompanied by the Minister of Water Resources, Aoun Diab, and the dismissed Governor of Dhi Qar, Murtada Al-Ibrahimi. / End 5
https://ninanews.com/Website/News/Details?key=1180774

UN Representative Explores Nasiriyah Marshes On River Tour

Number of readings: 97 Saturday 18 January 2025 19:22 | Economic   Baghdad / NINA / The Special Representative of the Secretary-General of the United Nations in Iraq, Head of the United Nations Assistance Mission (UNAMI), Ambassador Mohammed Al-Hassan, conducted an exploratory river tour in the Nasiriyah marshes today, Saturday, accompanied by the Minister of Water Resources, Aoun Diab, and the dismissed Governor of Dhi Qar, Murtada Al-Ibrahimi. / End 5

https://ninanews.com/Website/News/Details?key=1180774

Basra Crude Records Weekly Gains Of $8.24

Economy  |Mawazine News – Baghdad  Basra crude prices recorded weekly gains of $8.24. The prices were as follows:

Basra Heavy crude closed down 95 cents at $78.43 in its last session, posting weekly gains of $8.24, or 11.74%. Basra Medium crude also closed down 95 cents at $81.68 in its last session, posting weekly gains of $4.92, or 6.41%.   https://www.mawazin.net/Details.aspx?jimare=258711

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