Seeds of Wisdom RV and Economic Updates Tuesday Morning 4-1-25

Good Morning Dinar Recaps,

BIG NEWS: SEC MOVES FORWARD WITH $150 MILLION LAWSUIT AGAINST ELON MUSK

According to ABC News, the Securities and Exchange Commission has decided to continue it’s $150 Million lawsuit against Elon Musk. As stated in a court filing on Monday, the leader of the Department of Government Efficiency has agreed to address the lawsuit alleging that he misled investors during his purchase of millions of dollars in Twitter stock in 2022, before acquiring the company.

The SEC, under former chairman Gary Gensler,  had filed a lawsuit in January 2025, accusing him of securities fraud related to his $44 billion takeover of Twitter, now known as X. The lawsuit alleges that Musk failed to timely disclose his ownership stake in Twitter before completing the purchase in 2022.

According to the SEC, Musk’s failure to report his stake—which exceeded 5% of the company—before the March 24, 2022 deadline allowed him to undervalue the shares he acquired. ‘

Regulators claim this non-compliance resulted in Musk paying at least $150 million less than he should have for the shares purchased after his disclosure was due. The lawsuit states that Musk filed his ownership report after the deadline, causing Twitter’s stock price to surge 27% following the filing.

Musk’s attorney, Alex Spiro, dismissed the lawsuit, stating that Musk has “done nothing wrong” and describing the legal action as a “sham.” This legal battle comes after years of scrutiny surrounding Musk’s Twitter acquisition. In 2023, the SEC also sued Musk for refusing to testify about the deal, claiming he “abruptly notified SEC staff” just two days before a scheduled appearance, citing “spurious objections.”

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

KENTUCKY JOINS SOUTH CAROLINA, VERMONT IN DISMISSING COINBASE LAWSUITS

Kentucky has dismissed its Coinbase staking suit days after passing pro-crypto legislation, following in the footsteps of other states.

Just days after South Carolina backed off its staking lawsuit against crypto exchange Coinbase, Kentucky has become the third state in as many weeks to fold, following Vermont’s exit last month.

The Kentucky Department of Financial Institutions filed a joint stipulation of dismissal on Monday, effectively ending its legal action over Coinbase’s staking services, which were previously accused of violating state securities laws.

“Congress needs to end this litigation-driven, state-by-state approach with a federal market structure law ASAP,” Coinbase Chief Legal Officer Paul Grewal posted on X following the lawsuit dismissal.

The case against Coinbase was originally part of a multistate effort launched the same day the U.S. Securities and Exchange Commission (SEC) sued the exchange in June 2023.

"One by one, in just a few short months, states across the country and party lines are standing up for consumers and sound law," Paul Grewal, Coinbase's Chief Legal Officer, told Decrypt. "Kentucky’s dismissal of its case against Coinbase, in rapid succession after Vermont and South Carolina, is a win for customers, innovation, and economic opportunity."

State regulators maintained that Coinbase’s staking program amounted to a securities offering that lacked the necessary registration under state laws.

Coinbase was essentially acting like an investment vehicle without proper registration or investor disclosures by pooling and delegating customer tokens in proof-of-stake networks, the regulators said.

Vermont exited the case on March 14, citing the dismissal of the federal lawsuit and the potential for clearer national regulation.

South Carolina followed days later, with Grewal noting its residents lost an estimated $2 million in staking rewards due to the ban.

The latest dismissal continues a trend of state-level enforcement pullbacks following the SEC’s own February decision to dismiss its case against Coinbase.

Combined with new federal guidance under SEC Acting Chair Mark Uyeda, who has taken a more conciliatory stance toward crypto, these developments point to shifting regulatory winds in favor of the crypto industry.

“This is not just a victory for us, but for American consumers,” Grewal said last week after South Carolina dropped its lawsuit. “We hope it's a sign of things to come in the few states left that restrict staking.”

As of now, seven states—California, New Jersey, Illinois, Washington, Alabama, Maryland, and Wisconsin—still have pending enforcement actions against Coinbase.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Tuesday Morning 4-1-2025

TNT:

Tishwash:  Iraq's domestic debt is expected to rise to 81 trillion dinars in 2024.

The Central Bank of Iraq announced on Monday an increase in domestic debt, while also noting a decline in foreign reserves for 2024.

The bank stated in its report on monetary and financial indicators in Iraq, which was reviewed by the Iraq Observer, that "the Central Bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a decrease of 10.18% compared to the same period in 2023, when they amounted to 145.64 trillion dinars."

He added, "The reason for the decline in foreign reserves is the rise in domestic public debt, which is needed to cover the real deficit in the state's general budget."

The report indicated that "Iraq's domestic public debt increased by 17.70% to reach 83.05 trillion dinars in 2024, compared to 70.56 trillion dinars in 2023."  link

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

LouNDebNC: You should go to the link at the bottom, there are charts that make it easier to understand

 Status of US Dollar as Global Reserve Currency: Central Banks Diversify into Other Currencies and Gold

The surge of the “nontraditional reserve currencies.”

The status of the US dollar as the dominant global reserve currency has helped the US fund its twin deficits, and thereby has enabled them: the huge fiscal deficit every year and the massive trade deficit every year. The reserve currency status comes from other central banks (not the Fed) having purchased trillions of USD-denominated assets such as Treasury securities, other government securities, corporate bonds, and even stocks.

The dollar status as the dominant reserve currency has been crucial for the US, and as that dominance declines ever so slowly, risks pile up ever so slowly.

The US dollar lost further ground as top global reserve currency in 2024, according to the IMF’s COFER data released today. Total holdings of USD-denominated securities by other central banks (not the Fed) fell by $59 billion to $6.63 trillion at the end of 2024, from $6.69 trillion at the end of 2023.

And the dollar’s share declined to 57.8% of total allocated exchange reserves at the end of 2024, the lowest since 1994, down by 7.3 percentage points in 10 years, as central banks have been diversifying their holdings for years to assets denominated in currencies other than the dollar, and into gold.

The dollar had already experienced a huge loss of global confidence before: Its share plunged from 85% in 1977 to a share of 46% in 1991, after inflation had exploded in the US in the 1970s and early 1980s. But by the 1990s, as inflation had been brought down and mostly stayed down, central banks loaded up on USD-assets again, and the dollar regained share as a reserve currency until the euro became a full-fledged currency.

USD-denominated foreign exchange reserves include US Treasury securities, US agency securities, US MBS, US corporate bonds, US stocks, and other USD-denominated assets held by central banks other than the Fed.

The major reserve currencies.

Central banks holdings of foreign exchange reserves denominated in all currencies, including in USD, edged up in 2024 to $12.36 trillion (from $12.35 trillion at the end of 2023).

Excluded from the total are any central bank’s assets denominated in its own currency, such as the Fed’s holdings of Treasury securities and MBS, the ECB’s holdings of euro-denominated bonds, and the Bank of Japan’s holdings of yen-denominated assets.

The USD is not losing share to the euro. The euro has been the #2 global reserve currency, with holdings at $2.27 trillion at the end of 2024. Its share has been around 20% for years, with a low of 19.1% in 2016 and a high of 21.3% in 2020. In Q4, the euro’s share was 19.8% (blue in the chart below).

So over the years, the USD has not lost share to the euro; it lost share to other reserve currencies, including “nontraditional reserve currencies,” as the IMF calls them. The colorful tangle at the bottom of the chart represents the largest of these other reserve currencies. More on those in a moment.

The surge of the “nontraditional reserve currencies.”

Some of these other reserve currencies have been gaining share at the expense of the dollar, especially the currencies in the basket of the “nontraditional reserve currencies,” that the IMF combines into “All others,” whose combined share has been surging since 2020 (red in the chart below).

But the Chinese renminbi has lost share. China is the second largest economy in the world, but its currency, the renminbi, plays only a small role as a reserve currency. And it has lost ground against the USD and other currencies since 2022. Central banks have not been enamored with RMB-denominated assets due to China’s capital controls, the RMB’s convertibility issues, and other complexities (yellow line).

Note the surge of the nontraditional reserve currencies combined in the “all other currencies” group (red).

Japanese yen, 5.8% (YEN, purple).

British pound, 4.7% (GBP, light blue).

“All other currencies,” 4.6% (red).

Canadian dollar, 2.8% (dotted green).

Chinese renminbi, 2.2% (yellow).

Australian dollar, 2.1% (black dotted).

Swiss franc, 0.2% (black).

The other diversification: gold.

Gold bullion is not a “foreign exchange reserve” asset of central banks and  is not included in the data above. Gold is a “reserve asset” not involving  foreign exchange

 After four decades of unloading their gold holdings, central banks started re-adding gold about 20 years ago.

The top four holders have not changed their gold holdings in at least 20 years (based on IMF data released by the World Gold Council):

LINK to rest of story and charts

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

Mot..... Just Love Learning on the Internet!! -- Why Heres another!!  Father of fools

Mot: Sorry!!! ------- April fools is ~~~~ canceled

Mot: ... donuts... oooops

MilitiaMan & Crew Big Picture-Iraq Prime Minister-Financial Technology-Future Banking

MilitiaMan & Crew Big Picture-Iraq Prime Minister-Financial Technology-Future Banking

3-31-2025

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=PQTFmAmAfnc

Seeds of Wisdom RV and Economic Updates Monday Evening 3-31-25

Good Evening Dinar Recaps,

TRUMP'S CRYPTO DEALINGS ARE MAKING REGULATION 'MORE COMPLICATED': HOUSE FINANCIAL SERVICES CHAIR

Rep. French Hill offered a rare rebuke of the president’s crypto dealings from within his own party, as multiple crypto bills make their way through Congress.

House Financial Services Committee Chair French Hill (R-AR) said Monday that the personal cryptocurrency dealings of President Donald Trump and his family have made drafting legislation for the novel sector “more complicated,” in a rare rebuke of the president’s personal activities by a key member of congressional Republican leadership.

Hill specifically named the president’s meme coin and stablecoin projects as two endeavors that have negatively impacted the work of lawmakers racing to create rules for the digital assets industry.  

“They have made our work more complicated,” Hill told reporters Monday, in reference to those projects.

Since returning to power, Trump and his inner circle have rapidly expanded their crypto portfolios at the same time that the president is determining policies with direct impact on those same assets and sectors.

 In recent months, Trump and business partners have launched a Solana meme coin and an Ethereum decentralized finance platform called World Liberty Financial, which recently announced its own stablecoin.

Meme coins are speculative crypto assets that derive their value from cultural significance—and which the SEC recently likened to “collectibles”—while stablecoins are digital assets designed to keep a steady peg to the U.S. dollar.

Trump and his family have already netted hundreds of millions of dollars from such endeavors; unrealized earnings from the same projects number in the billions.

Trump’s existing businesses have also aggressively expanded their exposure to crypto in the same period. Last week, the company that runs the president’s Truth Social media platform announced a partnership with Crypto.com to offer crypto ETFs.

Just this morning, the president’s son, Eric and Don Jr, inked a deal to launch their own Bitcoin mining venture.

At the same time, the president has signed multiple executive orders with direct impact on the crypto industry. Further, White House officials are currently, at his direction, working with Republicans in Congress to help shape key pieces of legislation that will create, for the first time, an American crypto regulatory regime.

Earlier this month, the president’s AI and crypto czar, David Sacks, dismissed the president’s personal crypto endeavors as “irrelevant” to industry regulation.

But it appears patience among congressional Republicans over the scope of those lucrative schemes may be waning. The House Financial Services Committee is set to mark up its version of proposed stablecoin legislation, the STABLE Act, on Wednesday, and will soon consider a newer version of a market structure bill, according to comments made by Chair Hill Monday.

A parallel stablecoin bill is also currently making its way through the Senate. Such bills, if passed into law, would for the first time offer a clear path to legal certainty for a variety of crypto projects and companies, based on their compliance with new rules currently being ironed out. 

Their passage is anticipated to bring with it a wave of investment and support for the crypto industry from traditional finance institutions that until now have been waiting on the sidelines.

Though those bills possess bipartisan support, Trump’s personal business dealings have offered resistant Democrats a convenient means to protest their passage.

Last week, Sen. Elizabeth Warren (D-MA) denounced the Trump-backed World Liberty Financial stablecoin, USD1, as a “grift,” and tied the project to pending crypto legislation.

“Congress should step up and fix the current stablecoin bill moving through the Senate that will make it easier for Trump—and Elon Musk—to take control of your money,” she said.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

BRICS NATION TURNS TO NORTH KOREA: COULD MEMBERSHIP BE NEARING?

For the first three months of the year, the West and the Global South have been engaged in a notable faceoff. Moreover, with a variety of factors playing into this growing tension, one BRICS nation has turned to North Korea as an unlikely ally as a membership for the country could be nearing.

The alliance has been confronted with an increasingly aggressive US President, Donald Trump. Specifically, Trump has threatened 150% tariffs on the countries for their part in global de-dollarization efforts. Now, another aspect of those disagreements could see North Korea become an unlikely ally for the alliance.

BRICS Look to North Korea as Alliance Could Be Forming

The BRICS bloc and the United States have created the basis for a potential trade war in 2025. China has sought to issue reciprocal tariffs as the alliance is caught in the crossfire of the US administration’s aggressive economic policy. Moreover, the bloc has turned to Russia, threatening increased sanctions as a means to fast-track an end to the Ukraine War.

Now, those talks may be continuing to brew a rather surprising allegiance on the global scale. Specifically, the BRICS bloc has sought out help from North Korea, as rumors of potential membership continue to surface. Indeed, Russia has gone to the nation for help. It is seeking an end to the ongoing Ukraine war on its own terms.

Russian President Vladimir Putin recently suggested that Ukraine be placed under a “temporary administration,” according to reports. Moreover, he noted this would be done “under the auspices of the UN, the United States, European countries, and our partners.”

Moreover, Putin called on specific countries to be involved in the ongoing talks for peace.

 “This is not only the United States but also the People’s Republic of China, India, Brazil, and South Africa—all BRICS countries,” he said. Moreover, he also noted that “the Democratic People’s Republic of Korea” would be included.

Putin’s relationship with the nation has been well documented. Additionally, in his inclusion of the nation, he used its official name. The move could be seen as an attempt to increase strategic cooperation. For Moscow, that may include seeking BRICS membership. However, there is still the belief that it would have a hard time getting full support from other bloc participants.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Monday Afternoon 3-31-25

Chairman Of The Ports Authority: Revenues Exceeded 400 Billion Dinars In Two Months

Money and Business  Economy News – Baghdad  The head of the Border Ports Authority, Major General Omar Al-Waili, confirmed the completion of the electronic linking process for all land, sea and air border crossings, revealing that revenues exceeding 400 billion dinars were achieved within two months.

Al-Waili said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The authority has completed the process of linking all land, sea, and air border crossings to a unified central operations room, whereby control operations are now managed directly and systematically via an electronic automation system."

He added, "The electronic link covers various regulatory areas, including auditing pre-inspection of goods, auditing the exemption program for imports into the country, and monitoring receipt audits."

Al-Waili explained that "preliminary statistics for the months of January and February of this year, 2025, showed revenues exceeding 400 billion Iraqi dinars," noting that "the authority seeks to double these revenues as part of its strategic plans to bolster the state's resources and control ports more effectively."   https://economy-news.net/content.php?id=53975

Al-Sudani Confirms That The Refineries' Refining Capacity Will Soon Reach 542,000 Barrels Per Day 

energy  Economy News – Baghdad  Baghdad – INA  Prime Minister Mohammed Shia al-Sudani confirmed on Sunday that  refineries' refining capacity will soon reach 1,542,000 barrels per day.
 
The Prime Minister's media office said in a statement seen by Al-Eqtisad News that
 
"Prime Minister Mohammed Shia al-Sudani launched the implementation work on the
 
     Maysan refinery development project, and the
     expansion of its refining capacity from 40,000 barrels to 110,000 barrels per day,
 
during his visit to the governorate, which he arrived at this afternoon." Al-Sudani explained that
 
"Eid this year will be marked by hard work, which will continue across various service and economic sectors." He emphasized that
 
"the Maysan refinery development and expansion project has been one of the stalled projects since 2014, when the government embarked on it as part of its approach to completing all stalled and suspended projects.
 
It will be implemented
 
     through national effort and national cadres, and
     in a record period of 6-8 months."
 
The Prime Minister pointed to the Baiji refinery expansion project, which
 
     added 70,000 barrels per day to refining capacity and
     will be operational within two months.
 
This project was also completed through national efforts and local expertise,
 
     raising the refining capacity of all Iraqi refineries to 542,000 barrels per day, a
     record level achieved for the first time in the Iraqi oil industry.  He pointed out that
 
"Maysan, which stood up to dictatorship and contributed to building the new Iraq, deserves this attention and care in every respect.
 
The project is part of the government's drive to
 
     achieve self-sufficiency in petroleum derivatives and
     convert 40% of exported oil into petroleum products,
 
due to the significant revenues it generates." He added,
 
"We talked about a 10-year period to achieve this goal, but
 
these projects will account for 40% of our oil exports by 2030.
 
With the Cabinet's approval to resume work on the Maysan refinery project,
 
we are looking at an industrial oil city, qualified to launch petrochemical and fertilizer projects.
 
These projects will provide thousands of direct and indirect job opportunities." The Prime Minister emphasized that
 
"the growth in these projects and programs represents the true reform of the Iraqi economy, which suffers from its
unilateral dependence on oil exports."
 
According to the Prime Minister's Media Office, the Maysan Refinery Development Project, in its two phases, includes the
 
     construction of a new, world-class unit with a capacity of 70,000 barrels per day,
 
     which will contribute to increasing the refinery's capacity.
 
It will also include the construction of complementary units, including a
     hydrogenation and gasoline improvement unit, an
     FCC unit, a
     gas oil unit, and a
     kerosene unit, in addition to
     environmentally friendly service units.
 
The project will work to secure the needs of
 
     Maysan Governorate and
     neighboring governorates
 
for petroleum derivatives.
 
https://economy-news.net/content.php?id=53952 

Chairman Of The Ports Authority: Revenues Exceeded 400 Billion Dinars In Two Months

Money and Business   Economy News – Baghdad   The head of the Border Ports Authority, Major General Omar Al-Waili, confirmed the completion of the electronic linking process for all land, sea and air border crossings, revealing that revenues exceeding 400 billion dinars were achieved within two months.

Al-Waili said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The authority has completed the process of linking all land, sea, and air border crossings to a unified central operations room, whereby control operations are now managed directly and systematically via an electronic automation system."

He added, "The electronic link covers various regulatory areas, including auditing pre-inspection of goods, auditing the exemption program for imports into the country, and monitoring receipt audits."

Al-Waili explained that "preliminary statistics for the months of January and February of this year, 2025, showed revenues exceeding 400 billion Iraqi dinars," noting that "the authority seeks to double these revenues as part of its strategic plans to bolster the state's resources and control ports more effectively."   https://economy-news.net/content.php?id=53975

Iraqi Oil Maintains Its Rise In The Global Market

Economy | 03/31/2025   Mawazine News – Baghdad  Basra Heavy and Medium crude oil prices rose during weekly trading on the global market. Basra Medium crude reached $74.38 per barrel, while Heavy crude reached $71.33 per barrel.

Data showed a slight decline in global crude oil prices, with British Brent crude reaching $73.39 per barrel, while US West Texas Intermediate crude reached $69.01 per barrel. https://www.mawazin.net/Details.aspx?jimare=260454

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-31-25

Good Afternoon Dinar Recaps,

STABLECOINS, TOKENIZED ASSETS GAIN AS TRUMP TARIFFS LOOM

Crypto investors shift into stablecoins and real-world assets as Trump’s April 2 trade tariffs spark volatility and macroeconomic uncertainty fears.

Cryptocurrency investors are increasingly moving capital into stablecoins and tokenized real-world assets (RWAs) in a bid to avoid volatility ahead of US President Donald Trump’s widely anticipated tariff announcement on April 2.

Increasingly, more capital is flowing into stablecoins and the real-world asset (RWA) tokenization sector, which refers to financial products and tangible assets such as real estate and fine art minted on the blockchain.

“Stablecoins and RWAs continue to see steady inflows of capital as safe havens in the current uncertain market,” crypto intelligence platform IntoTheBlock wrote in a March 31 X post.

“However, because these assets reside on-chain, even slight shifts in sentiment can trigger significant price movements, driven by the lower barriers to reallocating capital in real time,” the firm noted.

The flight to safety is mainly attributed to geopolitical tensions and global trade concerns, according to Juan Pellicer, senior research analyst at IntoTheBlock:

“Many investors were expecting economic tailwinds following Trump's inauguration as president, but increased geopolitical tensions, tariffs and general political uncertainty are making investors more cautious.”

“This is not unreasonable, as even though global growth forecasts remain positive, growth expectations have decreased globally in recent months,” he added.

The prospect of a global trade war has heightened inflation-related concerns, causing a significant decline in both cryptocurrency and traditional equity markets.

Bitcoin has fallen 19% and the S&P 500 (SPX) index has fallen over 7% in the two months since Trump announced import tariffs on Chinese goods on Jan. 20, the day of his inauguration as president.

The April 2 announcement is expected to detail reciprocal trade tariffs targeting top US trading partners. The measures aim to reduce the country’s estimated $1.2 trillion goods trade deficit and boost domestic manufacturing.

Investor sentiment pressured by April 2 Trump tariff announcement

Global tariff fears and uncertainty around the upcoming announcement continue to pressure investor sentiment in global markets.

“Risk appetite remains muted amid tariff threats from President Trump and ongoing macro uncertainty,” Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo, told Cointelegraph.

Meanwhile, RWAs reached a new cumulative all-time high of over $17 billion on Feb. 3, and are currently less than 0.5% away from surpassing the $20 billion milestone, according to data from RWA.xyz.

Some industry watchers said that Bitcoin’s lack of upside momentum may drive RWAs to a $50 billion all-time high before the end of 2025, as their increased liquidity will help RWAs attract a significant share of the $450 trillion global asset market.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

RHODE ISLAND BILL WOULD ALLOW STATE RESIDENTS SPEND $10,000 MONTHLY IN BITCOIN TAX FREE

A bill introduced to the Rhode Island Senate would enable the state’s residents to spend or sell just under $1,000 in bitcoin 10 times per month without incurring state capital gains taxes.

Bill S. 0451, which was introduced to the Rhode Island Senate last month, permits the state’s residents and businesses to make up to 10 payments in bitcoin valued at less than $1,000 per month (or sell the equivalent amount) without being subject to state capital gains taxes.

The bill is an amendment to existing state income tax laws, and the exact language in the proposed legislation is as follows:

“Any sale of [b]itcoin by an individual or business in Rhode Island shall be exempt from state taxation if the total value of sales is less than one thousand dollars ($1,000) per diem. The limit of the state tax exempt [b]itcoin transaction shall not exceed ten (10) sales per a thirty (30) day cycle.”

And the bill defines a “sale of [b]itcoin” as “any transaction in which [b]itcoin is sold or exchanged for another form of value, such as fiat currency or other physical or digital assets.”

The bill also clarifies that this exemption only applies at the state level and that it doesn’t affect federal tax obligations.

Under the bill, individuals and businesses who engage with these types of tax-exempt bitcoin transactions are responsible for keeping records of these transactions, including the total value of sales per day, and should be prepared to provide these records to the Rhode Island’s department of revenue for audit or compliance purposes.

In a slide deck prepared by the Rhode Island Blockchain Council that was shared with Bitcoin Magazine, Chris Perrotta, Chairman of the Council, wrote that the passing of Bill S. 0451 would help to reduce friction for digital asset payments.

He stated that “current tax implications of spending BTC hamper its utility for Rhode Island citizens and stifle economic activity.”

Perrotta also noted that the passing of this bill would stimulate blockchain-based economic activity in the state, making Rhode Island one of the states at the forefront of this technology.

What is more, he also proposed that small businesses accept bitcoin for products and services as a means to stimulate economic growth.

Thus far, no other U.S. states have introduced comparable bills.

At the federal level, the only bill that has proposed something similar is the Lummis-Gillibrand “Responsible Financial Innovation Act”, which provides a de minimus tax exemption on bitcoin transactions valued up to $200.

@ Newshounds News™
Source:  Bitcoin Magazine

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

When These 4 Things Happen, the Global Monetary Reset Is Complete

When These 4 Things Happen, the Global Monetary Reset Is Complete

Taylor Kenny:  3-30-2025

They won’t hold a press conference to announce the global monetary reset — but it’s already happening.

Four real-time signals are quietly dismantling the financial system as we know it… and almost no one is paying attention.

 If you don’t know what they are, you’re already behind.

 Join Taylor Kenney as she breaks down each signal and what it means for your wealth, your future, and your family.

https://www.youtube.com/watch?v=FeTsmxZ77e4

Iraq Economic News and Points to Ponder Late Sunday PM 3-30-25

“Al-Sudani Congratulates The Iraqi People And The Islamic Nation On The Occasion Of Eid Al-Fitr

Sunday, March 30, 2025 | Politics Number of reads: 153   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani congratulated the Iraqi people and the Islamic nation on the occasion of Eid Al-Fitr.

Al-Sudani said in a tweet on the X website: On the occasion of Eid Al-Fitr, we pray to God Almighty to bless its days for our honorable Iraqi people, and for the entire Islamic nation, and to accept our obedience, good deeds and striving to please Him, and to spread peace and security throughout the world.

He added: We renew our commitment to implementing the government program in all its service, social and economic dimensions, and to continue working at all times and circumstances without stopping, and to exert all efforts for reconstruction and development, in accordance with what is required by the supreme interests of our people and the aspirations of all its sons. / End https://ninanews.com/Website/News/Details?Key=1195036

The Central Bank To Nina: We Will Launch A Major Initiative To Finance Industrial Projects
Sunday, March 30, 2025 | Economic Number of reads: 394  Baghdad / NINA / The Central Bank of Iraq announced its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.

The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the National Iraqi News Agency ( NINA ), "We are currently making arrangements to finance major industrial projects through coordination between the Trade Bank of Iraq and the Industrial Bank, by taking advantage of the liquidity available at the Trade Bank of Iraq and recycling these funds in the Industrial Bank to launch a major initiative to finance industrial projects in Iraq, which will see the light soon."

He added, "This initiative was recently proposed by the Council of Ministers, within the framework of the government banking sector reform program and government procedures with the Central Bank, indicating that the Council of Ministers agreed to have cooperation between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank."

He explained that "all other projects are financed according to their sectoral channels, within the general government direction to support industrial, agricultural, housing, education, health, investment and other projects." / End  https://ninanews.com/Website/News/Details?Key=1194954

Iraq's Oil Exports To The US Exceeded Those Of Saudi Arabia Last Week

Sunday, March 30, 2025| Economic Number of reads: 309  Baghdad / NINA / The US Energy Information Administration announced, on Sunday, that Iraq's oil exports to America during the past week amounted to more than 200,000 barrels per day, exceeding Saudi Arabia's exports.

The administration said in a table, "The average US imports of crude oil during the past week from ten major countries amounted to 5.648 million barrels per day, up by 975,000 barrels per day from the previous week, which averaged 4.673 million barrels per day."

It added that "Iraq's oil exports to America rose, reaching an average of 203,000 barrels per day, thus exceeding Saudi Arabia's oil exports to America, which amounted to 144,000 barrels per day."

The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Mexico, then Brazil and Venezuela."

According to the table, "the amount of US imports of crude oil continued from Colombia, Saudi Arabia, Ecuador, Libya and Nigeria." / End  https://ninanews.com/Website/News/Details?key=1194895

Oil Prices Fall Below $73 A Barrel

Economy | 30/03/2025  Mawazine News – Baghdad  Oil prices witnessed a significant decline on Sunday in evening trading after 2:00 PM GMT, affected by several pressure factors, most notably escalating concerns about new tariffs imposed by the United States, rising US oil inventories, and OPEC's decision to increase production.

According to market data, Brent crude futures for June 2025 delivery fell by $0.58, or 0.79%, to reach $72.76 per barrel. West Texas Intermediate (WTI) crude futures for June 2025 delivery also fell by $0.56, or 0.80%, to reach $69.36 per barrel.

These declines come after Washington announced the imposition of additional tariffs on energy imports from Canada, Mexico, and China, raising investor concerns about the repercussions of this move on global demand levels.

In the same context, data from the US Energy Information Administration revealed a greater-than-expected rise in US crude oil inventories during the week ending March 7, increasing by 1.4 million barrels to 435.2 million barrels.

OPEC's decision to increase its oil production by 138,000 barrels per day starting next April added further pressure on prices, amid expectations that this will impact market balance in the coming period.
https://www.mawazin.net/Details.aspx?jimare=260444

Exchange Rates In Iraq: 148,500 Dinars To $100 

Economy |  03/30/2025  Mawazine News – Baghdad  The US dollar exchange rate against the Iraqi dinar remained volatile at exchange shops and companies in Baghdad.
The selling rate was 148,500 dinars for $100, while the buying rate was 146,500 dinars for $100.

This rise comes amid a relative buying activity and retail activity among citizens in a number of shopping malls coinciding with the advent of Eid al-Fitr.  https://www.mawazin.net/Details.aspx?jimare=260428

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

Seeds of Wisdom RV and Economic Updates Monday Morning 3-31-25

Good Morning Dinar Recaps,

CALIFORNIA INTRODUCES ’BITCOIN RIGHTS’ IN AMENDED DIGITAL ASSETS BILL

California Democrat Avelino Valencia has amended a money transmission bill to make Bitcoin and crypto rights a major focus, potentially benefitting the state’s 39.4 million residents.

A Californian lawmaker has just added Bitcoin and crypto investor protections to a February-introduced money transmission bill aimed at securing crypto self-custody rights for the US state’s nearly 40 million residents.

California’s Assembly Bill 1052 was introduced as the Money Transmission Act on Feb. 20, 2025, but was amended by Democrat and Banking and Finance Committee chair Avelino Valencia on March 28 to include several Bitcoin  and crypto-related investor protections.

The amendments remove the term “Money Transmission Act,” renaming the legislation to “Digital Assets.”

“California often sets the national blueprint for policy, and if Bitcoin Rights passes here, it can pass anywhere,” Satoshi Action Fund CEO Dennis Porter said in a March 30 statement.

“Once passed, this legislation will guarantee nearly 40 million Californians the right to self-custody their digital assets without fear of discrimination.”

The bill would also deem the use of a digital financial asset as a valid and legal form of payment in private transactions and would prohibit public entities from restricting or taxing digital assets solely based on their use as payment.

The bill would also expand the scope of California’s Political Reform Act of 1974 to prohibit a public official from issuing, sponsoring or promoting a digital asset, security or commodity.

“A public official shall not engage in any transaction or conduct related to a digital asset that creates a conflict of interest with their public duties,” one section of the AB 1052 states.

AB 1052 is now in the “desk process” — meaning the bill has been formally introduced and is awaiting its first reading.

A total of 99 merchants currently accept Bitcoin payments in California, BTC Maps data shows.

Ripple Labs, Solana Labs and Kraken are among the largest crypto firms based in California.

A stablecoin-related bill was also introduced in California on Feb. 2, 2025, which aims to provide more clarity over stablecoin collateral requirements, liquidation processes, redemption and settlement mechanisms requirements and security audits.

Bitcoin-related bills and measures near 100 at the US state level

According to Bitcoin Law, 95 Bitcoin-related bills or measures have been introduced at the state level in 35 states, including 36 Bitcoin reserve bills that are still live.

The Texas Senate passed a Bitcoin strategic reserve bill in a 25-5 vote on March 6, while Kentucky Governor Andy Beshear signed a Bitcoin Rights bill into law on March 24.

Earlier this month, US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, both of which will initially use cryptocurrency forfeited in government criminal cases.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

JAPAN EYES GIVING CRYPTO ASSETS LEGAL STATUS: REPORT

Japan plans to reclassify cryptocurrencies as financial products and implement insider trading restrictions similar to those for traditional financial markets, Nikkei reported Sunday.

For these changes, Japan's Financial Services Agency (FSA) is looking to submit legislation to its parliament as early as 2026, following closed-door consultations with industry experts.

The proposed changes would revise the Financial Instruments and Exchange Act, positioning digital assets differently from securities while acknowledging their investment characteristics.

While specific criteria on the restriction remain under consideration, Nikkei reports that those would likely "resemble" what's already in place for "conventional financial products."

Japan's Financial Instruments and Exchange Act regulates securities and financial instruments categorizing them as either traditional, "Paragraph I Securities" (like bonds and shares) or "Paragraph II Securities" (including trust interests and partnership stakes).

The Act establishes distinct regulatory requirements for public offerings versus private placements, with public offerings generally requiring securities registration statements and continuous reporting.

Meanwhile, collective investment schemes, which proof-of-stake chains could fall under, are used for real estate securitization in Japan. Those face operator registration requirements with specific exemptions only available for qualified institutional investors.

The regulatory shift comes as Japan opens up to crypto adoption, establishing new frameworks and acknowledging how crypto has expanded its use cases from payments to investments and more, urging regulators to redefine how they oversee the sector.

Crypto investments are taxed "up to 55%" in the country, while financial products such as ETFs "face only 20% capital gains tax," Tiger Research senior research analyst Jay Jo told Decrypt.

With better safety measures and if lowered alongside how financial products are treated, this could "attract more institutions to crypto investments," Jo said.

Late last year, Japanese lawmakers urged their regulators to pursue a National Bitcoin Reserve. The country is also home to Metaplanet, a Bitcoin treasury company that has acquired 3,350 BTC so far with plans to add more.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Monday Morning 3-31-2025

TNT:

Tishwash:  Iraq surpasses Saudi Arabia in oil exports to the US

 The U.S. Energy Information Administration announced on Sunday that Iraq's oil exports surpassed those of Saudi Arabia last week, reaching 203,000 barrels per day.

The administration explained, in its weekly schedule, that "the average US imports of crude oil from ten major countries reached 5.648 million barrels per day, an increase of 975,000 barrels from the previous week, when the average was 4.673 million barrels per day."

She added, "Iraq's oil exports to the United States have risen to 203,000 barrels per day, meaning that Iraq has surpassed Saudi Arabia, whose exports reached 144,000 barrels per day."

Regarding other countries, the administration indicated that "the largest US oil revenues last week came from Canada, at a rate of 3.983 million barrels per day, followed by Mexico, at a rate of 393,000 barrels per day, then Brazil, at a rate of 241,000 barrels per day, and Venezuela, at a rate of 195,000 barrels per day."

The report continued, explaining that US crude oil imports also included Colombia at a rate of 190,000 barrels per day, Saudi Arabia at a rate of 144,000 barrels per day, Ecuador at a rate of 127,000 barrels per day, and Libya and Nigeria at a rate of 86,000 barrels per day each.  link

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

Tishwash:  Central Bank: We will launch a major initiative to finance industrial projects

The Central Bank of Iraq announced on Sunday its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.

"We are currently making arrangements to finance major industrial projects through coordination between the Trade Bank of Iraq and the Industrial Bank. This will be done by utilizing the liquidity available at the Trade Bank of Iraq and recycling this money in the Industrial Bank to launch a major initiative to finance industrial projects in Iraq, which will soon see the light of day," Central Bank Governor Ali Al-Alaq told the National News Agency, as reported by Kalamah News.

He added, "This initiative was recently proposed by the Cabinet as part of the government's banking sector reform program and government measures with the Central Bank," noting that "the Cabinet agreed to cooperate between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank."

He explained that "all other projects are funded according to their sectoral channels, as part of the government's general approach to supporting industrial, agricultural, housing, education, health, investment, and other projects."  link

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

Tishwash:  Iraq is accelerating its efforts to wean itself off Iranian gas. What are the immediate alternatives? 

Member of the Parliamentary Electricity and Energy Committee, Hatem Al-Saadi, confirmed on Sunday that the government has begun to look for alternatives to Iranian gas to power power plants, especially with the approaching summer season and increased energy demand. He also pointed to a number of alternatives to compensate for Iranian gas, which is under US sanctions.

Al-Saadi said, "The move toward clean energy has become a foregone conclusion, especially after the imposition of US sanctions on the Islamic Republic of Iran and the resulting damage to Iraq. The Iraqi government had to find alternatives to Iranian gas, which will lead to a significant shortage in electricity supply next summer."

Al-Saadi added, "Solutions must be immediate and swift. There are gas imports from abroad, offshore platforms after construction, and oil pipelines being constructed by the Oil Projects Company from the ports to the power plants in Basra Governorate."

Al-Saadi continued, "The government has begun to move toward renewable energy and existing waste, especially since a number of investment companies are interested in generating electricity by establishing stations after incinerating existing waste in Iraq." He noted that "there is a directive from the Ministry of Electricity to all governorates to provide plots of land for this purpose."

The parliamentary energy member continued, "Electricity is a crucial element, and the government has taken proactive steps to minimize the damage caused by the Iranian gas cutoff. If there is a shortage of electricity, we could witness demonstrations due to the deterioration of electricity services over the past 20 years, due to the rampant corruption of successive governments, without any deterrent to all these corrupt individuals."

Al-Saadi pointed out that "gas imports will currently be from Qatar and the Sultanate of Oman, which are the closest and best options, given their proximity to the Arabian Gulf."  link

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

Mot:  Amazing how theee Internet has Tought us bout that ""Marital Thingy"" 

Mot: Should eye Share!!?? --- Yeppers!!! -- Why knot!!! 

20 Reasons Why the Federal Reserve is at the Heart of our Economic Problems

20 Reasons Why the Federal Reserve is at the Heart of our Economic Problems

Epic Economist:  3-31-2025

Many Americans feel a sense of unease about the state of the economy. The national debt has ballooned to a staggering $36 trillion, and total societal debt sits at a colossal $102 trillion.

While political debates often center on blaming Democrats or Republicans for this predicament, a deeper understanding reveals a more complex and potentially troubling truth: the system itself may be designed to generate debt.

At the heart of this system lies the Federal Reserve, an institution often misunderstood by the general public. Ask the average American to explain its role, and you’ll likely encounter blank stares or vague definitions. This lack of understanding is a significant problem because many believe the Federal Reserve wields immense power over our economic future.

So, what exactly is the Federal Reserve? Many assume it’s a government agency, but this isn’t entirely accurate. In fact, the Federal Reserve has argued in court that it is not an agency of the federal government. This highlights a critical distinction: the Federal Reserve is, in essence, a privately owned banking cartel.

This private entity holds a perpetual monopoly over our monetary system, granted by the U.S. Congress. This means it has the power to create money, set interest rates, and influence the overall financial health of the nation.

Critics argue that this power has been used to systematically erode the value of the U.S. dollar, cripple the economy, and push the government toward bankruptcy.

The Federal Reserve operates with a veil of secrecy, often acting as if it is not accountable to the American people. Yet, its decisions have a profound impact on the lives of every single American citizen, from the interest rate on their mortgage to the price of groceries.

Understanding the Federal Reserve is crucial to understanding the current economic climate. Its structure, its powers, and its actions are not always transparent, but they are arguably the driving force behind many of the economic challenges we face today.

Once you grasp the fundamental role the Federal Reserve plays, you begin to see economic issues through a new and potentially more critical lens.

Instead of simply pointing fingers at political parties, it’s imperative to delve into the mechanics of the Federal Reserve, question its autonomy, and demand greater transparency. Only then can we begin to have a truly informed conversation about the future of our economy and hold accountable the institutions that shape it.

 Is the Federal Reserve solely to blame? Perhaps not. But ignoring its influence is no longer an option if we want to understand, and ultimately address, the mounting economic pressures facing the nation.

Watch the video below from Epic Economist for more information.

https://youtu.be/4cQx5PRnKl4

MilitiaMan & Crew: Central Bank of Iraq-Talks in March - Digital Dinar-Major Initiative to Finance Industrial Projects

MilitiaMan & Crew:  Central Bank of Iraq-Talks in March - Digital Dinar-Major Initiative to Finance Industrial Projects

3-30-2025

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=bS6RwyE0yNE

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 3-30-25

Good Afternoon Dinar Recaps,

UK FREEZES MILLIONS IN CRYPTO SINCE IMPLEMENTING NEW POWERS

According to an investigation by MailOnline, UK authorities have frozen approximately £6 million ($7.7 million) in crypto since new enforcement powers came into effect last year.

The measures, introduced in April 2024, allow police, law enforcement agencies, and HMRC to freeze suspicious cryptocurrency wallets for up to three years.

Court documents reviewed over the past six months reveal the largest single freezing order was for £1.5 million worth of cryptocurrency held in a wallet hosted by US-based exchange Coinbase.

HMRC requested this order and issued it at Newcastle Upon Tyne Magistrates’ Court on March 18.

The total frozen amount could be higher, as court data from Courtsdesk only covers the past six months due to legal restrictions. The new powers were designed to address the growing use of digital currencies for money laundering, tax evasion, and terrorism financing.

Legal expert says £6 million is a modest amount

Legal experts offer differing perspectives on the importance of these seizures. Nick Barnard, a cryptocurrency legal specialist and partner at Corker Binning, described the £6 million figure as relatively modest “in the grand scheme.” Barnard noted that the new enforcement regime started from scratch last April and needs time to develop fully.

However, lawyer Siobhain Egan told MailOnline that the government is directing increased resources toward freezing cryptocurrency assets. This is part of an aggressive strategy to combat money laundering and terrorism financing, Egan adds.

The freezing process usually involves investigators applying for orders without notifying the alleged criminals. This prevents them from moving Bitcoin  or other crypto.

“If police have a major investigation into organized criminals laundering money through crypto, they will go in and seize the assets before they finalize the investigation,” Egan explained.

The UK government is improving its cryptocurrency enforcement actions through the Crime and Policing Bill. The legislation includes provisions for valuing cryptocurrency, implementing procedures for courts to recover illicit funds, and granting the Crown Court expanded powers to issue seizure orders.

@ Newshounds News™
Source:  Crypto News

~~~~~~~~~

BRICS TO GREENLIGHT CROSS-BORDER PAYMENT SYSTEM TO COUNTER US DOLLAR?

One of the biggest storylines to develop this year has been the ongoing turmoil between the West and the global south. Since his arrival, US President Donald Trump has targeted the group in an effort to end its de-dollarization plans. However, those may be set to take a step forward as the BRICS are lining up a new cross-border payment system that could counter the US dollar.

The bloc has continued to stand by its hopes of diversifying global finance. Although it has not targeted the greenback directly, its moves have sought to lessen reliance on the currency as a global reserve asset. Now, their latest plan may be forwarding that effort, and Trump’s interpretation could have massive ramifications.

BRICS to Launch Cross-Border Payment System: How Will Trump Respond?

At the start of the year, US President Donald Trump threatened BRICS nations with 150% tariffs. Specifically, the move was seeking to counter its promotion of local currencies. This was primarily driven by that promotion, resulting in a lessening of the US dollar’s status.

Although the bloc has capitulated since the warning was issued, things may be changing. Indeed, the BRICS bloc may be nearing a green light for a cross-border payment system that could affect US dollar reliance. Now, all eyes are on what that could mean for the greenback and how Trump will respond.

According to a recent report, Russian Finance Minister Anton Siluanov discussed the development of the payment system on Friday. “At the BRICS platform, we are considering our various financial innovations,” he said. 

Moreover, he added that this includes “a cross-border payment system, which can be based, in addition to bilateral settlements, on national currencies, taking into account digital technologies and digital financial assets.”

That highlights the system to be critically focused on alternative currencies to the US dollar. Moreover, that pursuit is nothing new to the BRICS members. It has long been subjected to harsh Western sanctions and has since sought to settle trades in alternative currencies. With the rising prominence of crypto, that could also be used in this new payment platform.

It will likely do what similar BRICS projects have done in the past: provide a key area of exploration for developing nations and align countries. It will threaten the US dollar, but not by much. The currency won’t be dethroned as the top global reserve asset. However, the question is now if President Trump will see it that way.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps