Seeds of Wisdom RV and Economic Updates Sunday Morning 8-24-25

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-24-25

Good morning Dinar Recaps,

US Treasury’s DeFi ID Plan Sparks Privacy and Decentralization Concerns

The U.S. Treasury is weighing a controversial proposal that could fundamentally reshape decentralized finance (DeFi). As part of its new mandate under the GENIUS Act, the Treasury is exploring whether identity checks should be embedded directly into DeFi smart contracts.  While supporters argue this could block illicit finance, critics warn it risks turning permissionless systems into government-gated networks.

The Proposal

• Under the GENIUS Act, signed into law in July, the Treasury must evaluate new compliance tools for crypto markets.

• One idea: require DeFi protocols to automatically verify government IDs, biometrics, or digital wallet certificates before allowing transactions.

• Proponents say this would integrate KYC/AML checks directly into blockchain infrastructure, making it harder for criminals to exploit anonymity.

Fraser Mitchell, Chief Product Officer at AML provider SmartSearch, noted:

“Real-time monitoring for suspicious activity can make it easier for platforms to mitigate risk and prevent money launderers from using their networks.”

Privacy and Surveillance Risks

Critics say embedding ID at the protocol level could hollow out the essence of DeFi:

• Mamadou Kwidjim Toure, CEO of Ubuntu Tribe, compared it to “putting cameras in every living room.”

• Tying blockchain wallets to government IDs risks making every transaction permanently traceable to real-world identities.

• This could open doors to censorship, blacklisting, or even automated tax collection directly through smart contracts.

Toure warned:

“Financial freedom relies on the right to a private economic life. Embedding ID erodes that and creates dangerous precedents.”

Exclusion and Security Challenges

• Billions of people worldwide lack government-issued ID. A hard requirement could lock out refugees, migrants, and the unbanked.

• Data security risks escalate if biometric and financial data are linked—making breaches catastrophic.

Alternatives Exist

Experts argue the choice isn’t between crime havens and mass surveillance.

• Zero-knowledge proofs (ZKPs): Users can prove compliance (e.g., over 18, not sanctioned) without revealing identity.

• Decentralized Identity (DID) standards: Allow users to hold verifiable credentials and selectively disclose only what’s needed.

Toure summarized:

“Instead of static government IDs, users should hold verifiable credentials they selectively disclose.”

The Bigger Picture

The Treasury’s DeFi ID plan raises urgent questions:

• Can compliance be achieved without dismantling DeFi’s open, permissionless foundations?

• Will embedding government-controlled identity tools erode decentralization and limit financial freedom?

• Or can privacy-preserving technologies provide a middle path that balances security with autonomy?

As the GENIUS Act unfolds, these debates may determine whether DeFi remains a tool for global financial inclusion—or evolves into a tightly surveilled extension of traditional finance.

@ Newshounds News™
Source: Cointelegraph

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“Good Sign” as Asset Managers Update XRP ETF Applications Following Ripple Court Resolution

The race for a spot XRP ETF gained momentum after several major asset managers filed amended applications with the U.S. SEC on the same day—just as a federal appeals court officially closed the Ripple case.

Multiple Updates Signal Progress

On August 22, CoinShares, Grayscale, Canary, Franklin, WisdomTree, Bitwise, and 21Shares updated their S-1 filings with the SEC for spot-based XRP exchange-traded funds (ETFs).

• The amendments introduce greater structural flexibility, including allowing XRP or cash creations and cash or in-kind redemptions.

• Analysts suggest the changes likely reflect direct SEC feedback, potentially increasing approval chances.

Analysts Call It a “Good Sign”

Bloomberg ETF analyst James Seyffart said the coordinated filings strongly suggest issuers are responding to regulator guidance, calling the move a “good sign.”

Similarly, Nate Geraci, President of NovaDius Wealth Management, emphasized that simultaneous updates are a positive signal that the applications are advancing in the SEC review process.

Legal Clarity Removes Barriers

The timing coincided with the Second Circuit Court’s approval of a joint request by Ripple and the SEC to withdraw their appeals—effectively ending the long-running case.

Community figure All Things XRP argued the decision puts XRP in the same regulatory category as Bitcoin and Ethereum, clearing a key legal hurdle. He estimated that XRP ETF approval odds may now be as high as 95%.

Following the news, XRP surged to $3.08, with trading volumes spiking as whales accumulated large amounts of the token.

XRP’s Path Mirrors Bitcoin’s ETF Journey

Observers note that XRP is now following a trajectory similar to Bitcoin’s:

1. Regulatory clarity.

2. Wave of ETF applications.

3. Price rally fueled by institutional demand.

With the SEC facing an October 2025 deadline to decide on several applications—including those from Grayscale, Bitwise, and 21Shares—analysts believe approval could spark billions in institutional inflows.

Although BlackRock has yet to file, estimates suggest existing issuers could attract over $5 billion into XRP ETFs if approvals move forward.

@ Newshounds News™
Source: The Crypto Basic

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Gemini About to Launch the World’s First XRP-Linked Mastercard

Gemini has ignited speculation with a bold billboard hinting at an XRP Mastercard launch on August 25, sparking excitement across the crypto community and fueling a sharp rise in XRP’s price.

A Teaser That Turned Heads

The buzz began when Gemini shared an image of a massive New York City billboard reading “Prepare your bags” alongside the date August 25, 2025.

• The cryptic message immediately triggered theories of an XRP-branded Mastercard, though no official confirmation has been made.

• Gemini already offers a crypto rewards card, leaving some skeptical while others view this as a major step toward XRP’s mainstream adoption.

Ripple, Gemini, and Mastercard: A Possible Alliance

Unverified reports suggest a potential partnership between Ripple, Gemini, and Mastercard, with WebBank as the likely issuer to meet U.S. compliance requirements.

• John Deaton, a prominent crypto lawyer, suggested the card could outperform existing crypto-linked payment cards.

• Meanwhile, veteran XRP investor WrathofKahneman urged caution, reminding the community that speculation should not be mistaken for fact.

XRP Price Surges Past $3

The speculation arrives as XRP continues its rally:

• XRP climbed 8% in 24 hours, reaching $3.04, and outperforming Bitcoin.

• The surge follows a major milestone—the joint dismissal of the long-running SEC lawsuit against Ripple, which restored legal clarity to the token.

• Growing anticipation of an XRP ETF has also bolstered momentum, with many predicting significant institutional inflows if approved.

Why This Matters

If confirmed, the Gemini XRP Mastercard would mark a historic breakthrough for XRP’s real-world adoption, blending crypto payments with a globally recognized financial brand.
Combined with legal clarity and the possibility of an ETF, this move could push XRP further into mainstream finance than ever before.

@ Newshounds News™
Source: Coinpedia 

  ~~~~~~~~~

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“Tidbits From TNT” Sunday Morning 8-24-2025

TNT:

Tishwash:  A US delegation visits Baghdad to discuss a number of issues. Withdrawal is on the table. 

A high-level US delegation is scheduled to visit the Iraqi capital, Baghdad, in the coming days to discuss a range of issues with Iraqi officials.

According to an informed source who spoke to Shafaq News Agency, the delegation will discuss the US withdrawal from its main bases in Iraq and its repercussions, in addition to an economic file and another related to energy.

The US delegation is also scheduled to visit the Kurdistan Region, according to the source, to discuss several issues, including the repercussions of the recent events in Sulaymaniyah.

Relations between the United States and Iraq have been at a diplomatic standstill since Donald Trump took office. Communication and meetings have been limited to the Chargé d'Affaires of the US Embassy in Baghdad, Stephen Fagin, and a single call received by Prime Minister Mohammed Shia al-Sudani from Secretary of State Marco Rubio.

This comes as the first phase of the US-led international coalition's withdrawal from Iraq has begun, with a US military convoy already departing Ain al-Asad base for Syria last Monday.

The schedule includes the withdrawal of international coalition forces from Ain al-Asad base and Baghdad by the end of September 2025, with a portion of them being transferred to Erbil and Kuwait. Meanwhile, the number of troops will gradually decrease from approximately 2,000 to less than 500 in Erbil.  link

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Tishwash:  US delegation to visit Iraq as troop withdrawal advances

A senior US delegation is due in Baghdad in the coming days for talks on the withdrawal of American forces as well as economic and energy issues, a source told Shafaq News on Saturday.

The group is also scheduled to travel to the Kurdistan Region to address several files, including the recent unrest in al-Sulaymaniyah, the source added.

The visit coincides with the start of the Global Coalition’s drawdown. Earlier this week, a US convoy left Ain al-Asad base for Syria, with full withdrawals from Ain al-Asad and Baghdad planned by the end of September 2025. The American troop presence will then shrink from around 2,000 to fewer than 500, concentrated mostly in Erbil.  link

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Tishwash:  US Forces in Sudden Withdrawal from Ain al-Asad, Victory Bases in Iraq

US forces began a sudden, phased withdrawal from Ain al-Asad and Victory bases in Iraq on Sunday following an embassy order, a top Iraqi official told Kurdistan24. Some troops have been moved to Erbil. The full evacuation is expected within days.

as of 3:11 am PDT  

 American military forces have initiated a sudden withdrawal from the major Ain al-Asad and Victory Base Complex (VBC) in Iraq, a high-level source within the Iraqi government told Kurdistan24 exclusively on Sunday.

The withdrawal began this morning following what the source described as an order issued by the American Embassy in Baghdad.

According to the source, the withdrawal is being conducted in phases. A portion of the American soldiers departed from both bases this morning, with a complete evacuation of the two sites expected to be finalized within the next few days.

The source stated that the Ain al-Asad base housed approximately 2,000 American soldiers, while Victory Base Complex (VBC), located within the perimeter of Baghdad International Airport, is occupied by an additional number of soldiers.

It was also indicated by the source that a portion of the military personnel who have withdrawn have been transferred to Erbil.  link

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Tishwash:  Economist: Raising Iraq's Credit Rating Is Key to Attracting Investment and Reducing Borrowing Costs

 from telegram

Economic expert Ahmed Abd Rabbo stressed that improving Iraq's credit rating represents a pivotal step toward reducing sovereign loan interest and boosting foreign investor confidence. He noted that most international investments do not flow to a country unless its credit rating is satisfactory and high.

Abd Rabbo explained in an interview with ABC Arabic that raising a country's credit rating sends a positive signal to global financial institutions and contributes to increased investment. He noted that the Iraqi government, in coordination with the Central Bank, is moving toward reforming the banking system, considering it "the primary interface of the economy." A strong economy cannot be built without a banking system capable of meeting market and financing needs.

He added that improving the rating is not impossible, but it requires comprehensive practical steps, starting with diversifying sources of income and strengthening non-oil sectors such as agriculture, industry, and services, along with financial reforms that reduce the deficit and control public spending.

He stressed that political and security stability are essential pillars, as international financial institutions assess Iraq's ability to simultaneously repay and manage risks. This makes progress in combating corruption and enhancing financial transparency crucial factors in improving investor confidence.

Abd Rabbo explained that improving the credit rating has positive repercussions and enhances confidence in the national economy, which contributes to achieving broader monetary and financial stability and consolidates Iraq's position in the global financial system.

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Mot: How is my brain like this !!!!???? 

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-23-25

Good Afternoon Dinar Recaps,

France Signals Support for India’s 2026 BRICS Presidency

French President Emmanuel Macron has pledged full support to India’s BRICS 2026 Presidency, signaling a possible breakthrough for European engagement with the bloc.

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Macron and Modi’s Strategic Call

During a Thursday phone call, Macron and Indian Prime Minister Narendra Modi discussed:

• India’s BRICS 2026 Presidency and France’s willingness to support it.

• The Russia-Ukraine conflict, following former U.S. President Trump’s meeting with Vladimir Putin in Alaska.

• Expanding France–India trade ties across multiple sovereignty-critical sectors.

Macron emphasized: “We agreed to work closely together in preparation for the French presidency of the G7 and India’s presidency of BRICS in 2026.”

Could France Attend the BRICS 2026 Summit?

• India will host the BRICS 2026 Summit, and speculation is rising that France may receive a formal invitation.

• France previously attempted to attend the 2023 BRICS Summit in Johannesburg, but its request was rejected, reportedly due to opposition from China and Russia.

• With India’s leadership, insiders believe the door may open for a European guest presence at BRICS for the first time.

West-East Realignment in Motion

The Macron–Modi call comes as global alliances shift:

• The U.S. has imposed tariffs on nearly all European allies, including France.

• These trade conflicts are nudging Europe closer to Asian partners.

• Even Australia is signaling cooperation, sending mixed signals to China about the balance of power.

France–India Partnership Strengthening

Macron reaffirmed France’s strategic commitment:

“We agreed to strengthen our economic exchanges and our strategic partnership in all areas — this is the key to our sovereignty and independence.”

If invited to attend the BRICS 2026 Summit, France would become the first European nation to participate—a symbolic step toward bridging East and West at a time of deep geopolitical fragmentation.

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Saturday 8-23-2025

TNT:

Tishwash: Mazhar Saleh: Iraq's foreign reserves provide exceptional stability for the national currency.

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that the Central Bank of Iraq enjoys substantial foreign reserves that represent the primary backing for the national currency. These reserves are managed within a diversified foreign currency investment portfolio in accordance with the highest standards of global banking efficiency and professionalism.

Saleh added in an interview with Al Furat News Agency that "the ability of these reserves to meet external demand for foreign currency for the purposes of financing import trade is one of the primary indicators of their efficiency," noting that "the global standard for financing trade from central bank reserves is three months' coverage, while Iraq has an exceptional capacity of up to twelve months."

He pointed out that "this level reflects a high degree of stability in the foreign exchange market, despite the temporary pressures on the current account of the balance of payments due to the relative contraction in oil prices," noting that oil revenues continue to constitute the main pillar in the formation and accumulation of these strategic reserves. 

Saleh explained that "the Central Bank largely controls the foreign exchange market by imposing an official exchange rate of 1,320 dinars per dollar for the dinar. This has contributed to keeping the annual inflation rate below 3%, which falls within what is known as the normal range for the general price level or the natural price break-up in the country."

He emphasized that this represents the highest levels of stability targeted by Iraqi monetary policy.   link

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Tishwash:  Al-Sudani discusses with Halliburton the development of Basra fields and the expansion of associated gas investment.

Prime Minister Mohammed Shia al-Sudani received a delegation from the American company Halliburton on Thursday, headed by Shannon Slocum. The two discussed ways to enhance cooperation in the oil and gas sector and develop Iraqi fields using the latest global technologies. The company affirmed its commitment to supporting national cadres and expanding its investments in Basra.

Prime Minister Mohammed Shia al-Sudani received today, Thursday, the President of the American oil and energy technology company Halliburton, Mr. Shannon Slocum, and his accompanying delegation.

Mr. Al-Sudani emphasized that the presence of major oil companies in Iraq reflects the government's commitment to the country's energy sector and its efforts to develop it according to modern international standards and through the best energy companies. He emphasized the government's vision for developing the oil and gas sectors and its commitment to ensuring that development takes place with the highest possible capabilities provided by advanced technology, as well as Iraq's continued expansion of its use of associated gas and the production of petroleum derivatives.

His Excellency pointed out the importance of expanding the scope of work with Halliburton, given its expertise and capabilities in the fields of extraction and refining, and its possession of modern global technologies. He affirmed his support for the company's work in developing the Nahr Bin Omar and Sindbad fields in Basra Governorate.

For his part, Mr. Slocum affirmed Halliburton's interest in operating in Iraq, given the country's progress across all sectors, its stability, and its openness to major international industrial companies. He explained that the company is committed to providing the latest technological developments for oil and gas fields, after finalizing the contract model.

He also stated that the company will employ modern administrative and technical methods in its work, and is committed to developing the skills of the Iraqi cadres working with it.  link

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Tishwash:  A Second Term Hanging by a Thin Thread: Al-Sudani Swings Between Washington and Domestic Allies

Al-Masala: Prime Minister Mohammed Shia al-Sudani faces an early test as he seeks a second term, amid intensifying US pressure to end the influence of armed factions. Meanwhile, these factions insist on remaining a strategic shield in the national security equation.

 The scene reveals a complex battle, where domestic considerations intersect with external dictates. The upcoming elections are becoming an indirect battleground for the struggle over the identity of the Iraqi state between the "government centralization" project and the "armed pluralism" project, which constitutes an extension of the post-2003 balance of power.

 A report by the American Soufan Institute indicates that the recent clashes in the Dora district of Baghdad have once again highlighted the duality of power between official state institutions and the centers of influence represented by the factions. This reflects the political system's inability to resolve the debate over who ultimately holds the sovereign decision.

 Observers believe that these factions are not merely military arms, but rather a deeply rooted social structure supported by a broad segment of the Shiite community, which still recalls the experience of ISIS's invasion of large swaths of Iraq in 2014 and the subsequent expansion of the factions as a rescue force in the face of an existential threat.

 Al-Sudani's government is trying to strike a balance between reassuring Washington and its regional partners that Iraq is capable of asserting its security sovereignty, while at the same time avoiding a rupture with the factions, which represent a political pillar within the Coordination Framework, their primary incubator. 

The approaching general elections in November require Al-Sudani to carefully consider his options. The continued fragile balance may give him additional time to regroup, but it also increases the risks if Washington decides to increase the pressure or if the factions choose to test their strength on the street.

For Al-Sudani, the battle for a second term appears to hinge on his ability to market himself as a man of possible consensus. However, he realizes that his image as a "statesman" versus a "factionalist" may determine his political future more than the ballot box.  link

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 Mot:  Neighbor Found a Lost Cat .. Might Need a New Loving Home 

MilitiaMan and Crew: Iraq Dinar News Update-WTO-Currency-Investment-Global

MilitiaMan and Crew:  Iraq Dinar News Update-WTO-Currency-Investment-Global

8-23-2025

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=yPbw0djcusM

Iraq Economic News and Points To Ponder Friday Evening 8-22-25

An Economist Predicts The Next Government Will Change The Dollar Exchange Rate, And Explains The Reasons.
 
Time: 2025/08/20 Reads: 3,240 Times  {Economic: Al Furat News} Economists expect   the next government to resort to   an official devaluation of the Iraqi dinar against the US dollar, as   a potential solution to address the increasing financial burdens,  most notably the massive government payroll.

Economic expert Nabil Al Marsoumi told Al Furat News that "the payroll accounts for the largest portion of oil revenues, leaving little for  upgrading infrastructure or     basic services." 

Al Marsoumi believes that   devaluing the currency will provide greater financial revenues in dinars, which   will help the government cover salary expenses.  He added that
 
this option may be one of the necessary measures the new government may take,  especially in light of the current oil prices that threaten to hinder the country's economic development prospects.
 
Experts emphasize that sustainable solutions lie in     diversifying sources of public revenue and
 eliminating total reliance on oil, in order  to ensure long-term stability for the Iraqi economy.  
  
https://alforatnews.iq/news/خبير-اقتصادي-يتوقع-توجه-الحكومة-المقبلة-لتغيير-صرف-الدولار-ويوضح-الأسباب 

New Deadline For Iraqi Banks To Lift Sanctions
 
Economy | 22/08/2025   Mawazine News / Follow-up  Iraqi banks granted a "rescue period" after they rejected Oliver Wyman's plan.
 
Following sharp disagreements between the-  Iraqi Private Banks Association and the  Central Bank of Iraq,  and their rejection of the banking reform paper  approved by the bank  based on a plan by the

 American consulting firm Oliver Wyman, and   Al-Sudani's resort to Washington in search of a solution,
 
Oliver Wyman approved amendments to its terms as part of a "rescue plan" for the banks,
which included the following:
 
The deadline for submitting pledges has been extended to September 30,
 instead of the end of August,  in consideration of "flexibility" in implementing the banking reform plan.
 
- Expanding the timeframe for increasing capital from 200 to 400 billion,
     gradually over four phases,   at a rate of 50 billion dinars annually until 2028.
 
- Raising the requirements for family ownership from 10% to 40% of a bank's portfolio,     which will give private banks greater opportunities to  engage in the reform plan and  escape the restrictions on dollar transactions imposed by the   Federal Reserve and the Treasury Department, by early 2029.
 
Banks that fail to join the reform process will be allowed to operate exclusively in Iraqi dinars,
  without their licenses being revoked.  https://www.mawazin.net/Details.aspx?jimare=265562   

L-Ghariri: Iraq Is Now In An Advanced Position To Join The World Trade Organization.
 
Friday, August 22, 2025 | Economic  readings: 565 Baghdad / NINA / Minister of Trade Athir Al-Ghariri announced that 
Iraq has completed the technical files to join the World Trade Organization.
 
Al-Ghariri said in a statement:  "Iraq has completed all the technical files required to join the World Trade Organization,  after a negotiating process that spanned more than twenty years, during which Iraq faced numerous challenges and delays." 

He added, "This achievement was made during the lifetime of the current government,   through intensive qualitative efforts that surpassed what was accomplished in all previous stages combined," stressing,
 
"Iraq is now in an advanced position paving the way for fulfilling the requirements for full membership." 
 
The Minister of Trade explained:
 
"The national team concerned with accession, in coordination with the   relevant ministries and
  sectoral bodies and in  partnership with international institutions,   has completed the review and updating of all technical files, which include: the   foreign trade system memorandum, the   legislative implementation plan,   agricultural support tables, the   import licenses file,   customs valuation, in addition to the  sanitary and phytosanitary (SPS) and   technical barriers to trade (TBT) files."

He continued:  "The team also prepared accurate answers to (175) questions and inquiries submitted by the member states of the organization,
 
while the Iraqi customs system was updated  to the latest version in line with international standards and   enhancing Iraq's readiness for the next stages." 

He stressed: "The files will be officially submitted to the World Trade Organization Secretariat
     through diplomatic channels,   in preparation for the next meeting of the working group."  
  
https://ninanews.com/Website/News/Details?Key=1247648  

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 8-23-25

Good Morning Dinar Recaps,

Fed Chair Powell Signals September Rate Cut, Warns on Inflation Risks

Federal Reserve Chair Jerome Powell’s Jackson Hole speech provided clarity for traders on U.S. monetary policy, confirming a likely September rate cut while warning about inflation risks. His remarks lifted both stock markets and crypto assets, even as he ruled out a long series of cuts.

A Likely Cut, But With Caution

Powell told the audience that U.S. monetary policy is already “in restrictive territory.”

• Risks around jobs and inflation are shifting.

• He acknowledged that “downside risks to employment are increasing” but stressed the labor market remains strong and the economy has shown resilience.

• For this reason, the Fed is not ready to commit to multiple cuts after September.

Tariffs Put Pressure on Prices

A central concern for Powell is the inflationary impact of tariffs.

• “The effects of tariffs on consumer prices are now clearly visible,” he said.

• The Fed expects these effects to accumulate over the coming months with high uncertainty.

• Powell cautioned that while some price pressures may be temporary, the risk of stagflation—high inflation combined with weaker growth—is real and something the Fed intends to avoid.

Fed Updates Its Playbook

Powell also announced a significant shift in the Fed’s operating framework.

• The central bank has dropped its 2020 “makeup strategy,” which allowed inflation to overshoot the 2% target.

• It has returned to a flexible inflation-targeting approach designed to keep long-term expectations anchored.

• “Our revised statement emphasizes our commitment to act forcefully to ensure that longer-term inflation expectations remain well-anchored,” Powell said.

This adjustment reflects changes in the U.S. economy over the past five years, including higher inflation pressures and major shifts in trade, tax, and immigration policy.

Market and Crypto Reaction

Markets reacted positively to Powell’s remarks.

• The Dow Jones surged more than 600 points, closing at a record high of 45,548.

• U.S.-listed crypto stocks climbed, as lower interest rate expectations tend to improve liquidity and risk appetite.

For digital assets, Powell’s cautious signal is key: while lower rates support crypto markets, the Fed’s guarded stance on inflation means the path ahead remains uncertain.

@ Newshounds News™
Source: Coinpedia

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Fed Governor Waller: Embrace Blockchain and Payment Innovations

Federal Reserve Governor Christopher Waller called on the central bank to embrace new technologies—including blockchain, stablecoins, and digital assets—arguing they are essential for the future of payments and U.S. dollar strength.

A Technology-Driven Revolution in Payments

Speaking at the Wyoming Blockchain Symposium 2025, Waller said the U.S. payments system is undergoing a “technology-driven revolution” fueled by advances in computing power, data processing, and distributed networks.

While some remain skeptical of these changes, Waller stressed that the history of payments has always been defined by technological progress.

Stablecoins and the U.S. Dollar’s Global Role

Waller highlighted stablecoins as a particularly important innovation.

• They can support the international role of the U.S. dollar, ensuring it remains the anchor currency in global finance.

• Stablecoins also have the potential to improve both retail and cross-border payments, making transactions faster and more efficient.

“The technologies available today might be new, but leveraging innovative technology to build new payment services is not a new story,” Waller noted.

Fed and Private Sector Collaboration

According to Waller, the reliability of the U.S. payments system has historically come from partnerships between the Federal Reserve and private industry.

• The Fed should continue to embrace innovation to modernize its services.

• Stronger engagement with fintech innovators and the digital asset ecosystem will help ensure the U.S. financial system remains competitive and resilient.

“It is important for the Federal Reserve to continue to embrace technological advancements to modernize its services and continue to support private sector innovation… particularly as there is increased convergence between the traditional financial sector and the digital asset ecosystem.”

@ Newshounds News™
Source: The Daily Hodl

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Ripple vs SEC Lawsuit Officially Ends After Appeals Dismissed

The nearly five-year legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially come to a close, as the Second Circuit Court dismissed both parties’ appeals.

Court Confirms Dismissal

According to a one-page filing shared by defense lawyer James K. Filan, the Second Circuit approved the joint stipulation by Ripple and the SEC to withdraw their appeals.

The order, signed by Clerk Catherine O’Hagan Wolfe, was marked simply as “So Ordered”—effectively bringing one of the most high-profile cases in crypto history to an end.

Background on the Appeals

• In October 2024, the SEC appealed Judge Analisa Torres’ ruling that Ripple’s programmatic XRP sales and certain distributions were not investment contracts.

• Ripple, in turn, cross-appealed the part of the case it lost, challenging the decision that institutional sales of XRP violated securities laws.

Judge Torres imposed a $125 million fine and a permanent injunction restricting Ripple from institutional XRP sales without SEC registration.

When a new pro-crypto administration took office in January, both Ripple and the SEC agreed to settle by reducing penalties and removing restrictions. However, Judge Torres denied the proposed revisions, leaving both parties to formally withdraw their appeals.

What the Final Judgment Means

• The lower court rulings remain intact, including Judge Torres’ finding that XRP itself is not a security.

• Ripple must pay the $125 million fine, already held in escrow, to the SEC.

• Future institutional XRP sales must be registered with the SEC to comply with securities laws.

Ripple and XRP Moving Forward

For investors, this closure removes one of the largest uncertainties hanging over XRP since the SEC’s lawsuit began in December 2020.

With the case resolved, XRP has rallied alongside the broader crypto market:

• Price: $3.03 (up 5.82% in the past 24 hours)

• Market Cap: $180.29 billion

This development secures Ripple’s legal position in the U.S. while allowing the company to focus on its global payments and stablecoin expansion strategy.

@ Newshounds News™
Source: The Crypto Basic   

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

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Thank you Dinar Recaps

Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-22-25

Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-22-25

Good Afternoon Dinar Recaps,

Currency Wars: BRICS SWIFT Alternative vs. U.S. GENIUS Act Stablecoin Strategy

The global financial order is entering a new phase of intense competition. On one side, BRICS nations are building a SWIFT alternative designed to bypass Western-controlled payment systems. On the other, the United States is advancing the GENIUS Act, which cements the role of USD-backed stablecoins in international finance.

Together, these initiatives mark a historic confrontation over the future of payments, trade, and monetary dominance.

BRICS SWIFT Alternative: The Push for De-Dollarization

At the 17th BRICS Summit in Rio de Janeiro, leaders formally unveiled plans for a new cross-border payment system. This initiative is framed as a direct alternative to SWIFT and represents the most serious challenge yet to U.S. financial dominance.

Key features of the BRICS system include:

• Integration of Russia’s SPFS, China’s CIPS, and India’s UPI networks

• A decentralized messaging framework capable of processing 20,000 transactions per second

• No mandatory transaction fees and flexible currency conversion options

The BRICS plan is rooted in the need for financial independence. U.S. sanctions, particularly on Russia, have accelerated efforts to create a parallel system free of Western influence. If successful, the BRICS payment system could reduce reliance on the U.S. dollar in global trade.

The U.S. GENIUS Act: Securing Digital-Dollar Supremacy

In sharp contrast, the United States is working to fortify its currency dominance through the GENIUS Act (Guaranteeing Emergency National Infrastructure for USD Stablecoins).

The GENIUS Act establishes:

• Strict regulations for stablecoin issuers

• A requirement for full USD-backed reserves

• A framework to make regulated stablecoins the global standard

With stablecoin circulation surpassing $266 billion, the U.S. strategy effectively digitizes dollar dominance. By anchoring the global digital economy to tokenized dollars, the U.S. ensures its currency remains the foundation of international liquidity, settlement, and trust.

Competing Strategies: East vs. West

• BRICS Strategy: Build an alternative network to reduce reliance on the dollar and escape U.S. leverage over payments.

• U.S. Strategy: Strengthen dollar dominance by embedding USD-backed stablecoins into global trade.

Both strategies address the same reality: the future of money is digital. The difference lies in whether that future will be multipolar or dollar-centric.

Outlook: Parallel Payment Systems Ahead

The competition between BRICS and the United States could shape the monetary order for decades to come:

• If BRICS Pay succeeds, it will accelerate de-dollarization and challenge U.S. economic influence.

• If the GENIUS Act succeeds, it will extend U.S. dominance into the digital era through regulated stablecoins.

The likely outcome may not be a clear winner but rather a fragmented global system—with parallel payment networks reflecting the divide between East and West.

What is certain is that the battle for financial dominance is no longer theoretical. It is being fought today across technology, legislation, and trade alliances—and its resolution will redefine the balance of global power.

@ Newshounds News™

Sources & Research Basis:
This article is a compilation of reporting, data, and commentary drawn from multiple sources over the past six months, including international policy statements, financial market data, and global news coverage surrounding BRICS initiatives and U.S. stablecoin legislation.  

~~~~~~~~~

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“Tidbits From TNT” Friday 8-22-2025

TNT:

Tishwash:  Trade: Iraq has completed the technical files to join the World Trade Organization.

Minister of Trade Athir Dawood Al-Ghariri announced that Iraq has completed the technical requirements for joining the World Trade Organization after two decades of challenges.

Al-Ghariri stated in a statement that "Iraq has completed all the technical files required to join the World Trade Organization, after a negotiating process that spanned more than twenty years, during which Iraq faced numerous challenges and delays."

The minister explained that "this achievement was accomplished during the term of the current government, through intensive, qualitative efforts that surpassed what was accomplished in all previous stages combined," stressing that "Iraq is now in an advanced position paving the way for fulfilling the requirements for full membership."

Al-Ghariri explained that "the national team concerned with accession, in coordination with the relevant ministries and sectoral bodies, and in partnership with international institutions, completed the review and update of all technical files, which included: the foreign trade system memorandum, the legislative implementation plan, agricultural support tables, the import licensing file, customs valuation, in addition to the sanitary and phytosanitary (SPS) and technical barriers to trade (TBT) files."

He continued: "The team also prepared accurate answers to (175) questions and inquiries submitted by the member states of the organization, while the Iraqi customs system was updated to the latest version in line with international standards and enhancing Iraq's readiness for the next stages."
The minister confirmed that "the files will be officially submitted to the WTO Secretariat through diplomatic channels, in preparation for the next meeting of the working group."

Al-Ghariri concluded by saying, "What has been achieved is the fruit of the government's extensive support, continuous coordination with all ministries and national institutions, and the efforts of the Department of Foreign Economic Relations in leading this strategic path, with the goal of strengthening Iraq's position in the global trading system, serving its national economy, and achieving sustainable development.  link

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Tishwash:  Al-Sudani and the Venezuelan ambassador discuss activating memoranda of understanding and agreements related to air transport.

 Prime Minister Mohammed Shia al-Sudani discussed bilateral relations and ways to enhance them in various fields, including cooperation within the framework of OPEC, with the Venezuelan Ambassador to Iraq, Arturo Anibal Caicos Ramirez, on Thursday.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "the meeting discussed bilateral relations and ways to strengthen them in various fields, through activating memoranda of understanding and agreements, particularly those related to air transport services and cooperation within the framework of OPEC."

During the meeting, Al-Sudani affirmed that "Iraq is committed to enhancing coordination within the framework of oil policies, including the exchange of technical expertise and cooperation to ensure stability in oil markets." He also praised Venezuela's role in OPEC and its commitment to controlling global oil prices.

Al-Sudani praised the Venezuelan government's supportive stance on the Palestinian cause, noting the importance of exerting efforts to halt the crimes and violations perpetrated by the Zionist occupation forces against the Palestinians and to end the humanitarian suffering in the Gaza Strip.

For his part, the Venezuelan ambassador conveyed the greetings of the President of the Republic of Venezuela to the Prime Minister, his desire to strengthen bilateral relations, and his appreciation for Iraq's role in peacemaking and maintaining international stability and peace, especially in light of the progress and prosperity the country is witnessing in the areas of security, economy, reconstruction, and development.  link

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Tishwash:  Norwegian company resumes oil production in the Kurdistan Region. 

A Norwegian company has resumed oil production in the Kurdistan Region, after a nearly month-long shutdown following drone attacks on several fields in the region .

Norwegian oil company  DNO announced on Thursday, August 21, 2025, the resumption of oil production at its Tawke and Pashkabir fields in the Kurdistan Region of Iraq, after it was halted last month due to drone attacks in the region .

Shares of the Norwegian company, which also raised its dividend on Thursday, rose 11.6% in morning trading, according to the Washington-based energy platform, following the announcement of the resumption of oil production in Iraqi Kurdistan .

The Norwegian company's fields were among five oil fields in Iraqi Kurdistan that were targeted by drone attacks in mid-July, disrupting approximately 150,000 barrels per day of the region's total production, estimated at 250,000–300,000 barrels per day .

“The company resumed production from the Tawke field in early August on a trial basis, while production from the Beshkabir field resumed later in the month ,” DNO said in a statement accompanying its second-quarter earnings report.

She noted that the attacks hit surface processing equipment in the Bashkabir field and an oil storage tank in the Tawke field, adding that no one was injured .

She added that while the months-long repairs are still pending, the company has increased its total production on a trial basis to 55,000 barrels of oil equivalent per day, split almost equally between the Tawke and Peshkabir fields .

The company's average oil production in Kurdistan was 82,100 barrels of oil equivalent per day in the first quarter, but declined by 9% in the second quarter, reaching approximately 74,760 barrels per day .

The company explained that the production decline in Iraqi Kurdistan was the result of an operational shutdown imposed by market disruptions, during which DNO used the time to conduct maintenance and conversions scheduled for later this year .

The Norwegian company, which owns 75% of the Tawke license, where the Tawke and Peshkabir fields are located, announced that it aims to increase oil production in Kurdistan to 100,000 barrels of oil equivalent per day in the long term .

The Tawke field, along with the Bashkabir field, forms a single concession operated by the Norwegian oil and gas company DNO in partnership with Genel Energy, which holds a 25% stake. The concession is located in the Zakho region, near the Turkish border .

The Tawke field is one of the oldest fields to enter production in Kurdistan, having been in operation since 2007, and currently produces approximately 29,000 barrels per day .

The field's recoverable reserves are estimated at between 150 and 370 million barrels, making it a key pillar of Iraqi Kurdistan's oil landscape .

The Beshkabir field was discovered in 2016 and began production in 2017. It produces approximately 49,000-54,000 barrels per day, with cumulative production reaching more than 100 million barrels by March 2023 .

On August 13, Gulf Keystone Petroleum announced the resumption of production at the Shaikan oil field, which was also subjected to drone attacks   link

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Mot:  It is Amazing What Ya Can Do On Your Own!! -- HUH!!! 

Mot:  Ya Know Those Questions That Keep YOU UP at Night!!!  Dawn dishsoap

Iraq Economic News and Points To Ponder Friday Morning 8-22-25

The Central Bank Indicates A Decline In The Rates Of Exported Currency And Inflation In Iraq.
 
Energy and Business  Iraq  Central Bank inflation  Issuing currency rates    2025-08-21 01:25   Shafaq News – Baghdad  The Central Bank of Iraq revealed on Thursday a  decline in the country's currency exports and  inflation for the second half of 2025.  

The bank said in a report seen by Shafaq News Agency that  "the currency issued by the bank recorded a 3.8% decline in the average rate in the second half of 2025, reaching 98.4 trillion dinars, compared to its value of 102.3 trillion dinars in the second quarter of 2024."

He added, "The decline in the issued currency  has contributed to a decline in the inflation rate,
  which maintains the stability of the general price level." The bank's report also indicated that
 
"the inflation rate decreased by 76% in the second half of 2025, reaching 0.8%,
compared to the second quarter of 2024, which reached 3.3%." He stressed that
 
"the decline in the inflation rate     indicates a decline in the general price level and
     leads to an improvement in the purchasing power of individuals and institutions."
 
Issued currency is defined as:     the currency issued by the Central Bank of Iraq into circulation (i.e., printed),    excluding the currency in the vaults of the Central Bank.    
  
https://shafaq.com/ar/اقتصـاد/البنك-المركزي-ي-شر-انخفاضا-بمعدلات-العملة-المصدرة-والتضخم-في-العراق 

Investment Authority: We Have Developed A Plan To Attract Investments Worth $250 Billion.
  
Baghdad - INA - Nassar Al-Hajj  The National Investment Commission announced on Wednesday that 
     investment projects have served six vital sectors and    reduced reliance on oil. It also indicated a
     plan to attract $250 billion in investments over the next two years.
 
"The government's supportive investment orientations and legislative and regulatory reforms have succeeded in attracting Arab and foreign investments exceeding $100 billion in various economic sectors over the past two years," Hanan Jassim, the commission's spokeswoman, told the Iraqi News Agency (INA).  She added,
 
"Investment in Iraq has had a direct impact on   driving sustainable development and   diversifying sources of income," noting that "investments have been directed toward vital sectors such as
 industry,   infrastructure,  housing,   energy,  education, and   health, contributing to the  creation of new job opportunities and     increasing the size of the gross domestic product,    which represents an important step toward reducing dependence on oil as the primary source of revenue." 

She continued,  "Recent years have witnessed remarkable progress thanks to government measures and programs adopted by the Authority,     most notably the activation of the single window,     joining international agreements to protect and encourage investment, and    developing an integrated investment map   that includes more than 100 strategic investment opportunities in diverse sectors."

She explained that "the investment steps have     boosted investor confidence and
     contributed to positioning Iraq among the region's promising destinations," noting that 
"an ambitious plan has been put in place to attract up to $250 billion over the next two years."
 
Regarding Prime Minister Mohammed Shia al-Sudani's directives to remove obstacles facing the private sector and adapt laws to serve industrial development plans, she explained that
 
"the National Investment Commission is working to align investment legislation with the directives by
     simplifying procedures,     reducing red tape,   expanding the scope of public-private partnerships, and
     providing flexible incentives and solid legal guarantees." 

She pointed out that "these measures will     enhance the effectiveness of existing investments and
     increase Iraq's attractiveness  as a safe and stable investment environment,    serving the goals of comprehensive economic development."    https://ina.iq/ar/economie/241392-250.html 

A National Team To Improve Iraq's Credit Rating: An Economic Bet To Gain Global Confidence And Free The Economy From "Oil Restrictions."
 
August 21, 2025  Baghdad / Iraq Observer  As Iraq approaches a pivotal stage in its economic trajectory, 
Prime Minister Mohammed Shia al-Sudani on Wednesday
directed the formation of a joint national team to improve the country's sovereign credit rating.
 
This move has been described as a serious attempt to   eshape Iraq's financial image in the eyes of the international community,  enhance investment opportunities, and   reduce the cost of external borrowing.
 
This move comes at a time when the Iraqi economy faces major challenges, ranging from a chronic fiscal deficit,     near-total dependence on oil revenues, and  severe fluctuations in global energy markets.
 
*Important Features Of Reform
 
According to a statement issued by the Prime Minister's media office,     the new team will be headed by the     Governor of the Central Bank of Iraq, and  will include   representatives from the Ministries of Finance, Oil, Planning, and the Securities Commission, in addition to the  Prime Minister's Office and a  number of economic and banking institutions.
 
This team will be tasked with     developing an integrated strategy to improve Iraq's credit rating, with
   clear and measurable objectives,  periodic reports to be submitted to official bodies, and
   direct coordination with international credit rating agencies,   most notably Fitch, S&P, and Moody's.

According to the statement, the strategy will include   strengthening financial governance,
 risk management, and   developing the business environment in line with economic reform plans, with a focus on  diversifying national income sources and   reducing reliance on oil as the sole primary resource.
 
*Credit Rating: What Does It Mean for Iraq?
 
A country's sovereign credit rating     reflects the government's ability to meet its financial obligations and   is a pivotal tool in  determining borrowing costs and    attracting foreign investment.
 
Iraq,     which relies on oil exports for more than 90% of its financial resources,  finds itself vulnerable to the risks of energy price volatility,     weakening its standing with rating agencies.
 
Economic expert Ahmed Abdel Rabbo explains to Iraq Observer that the importance of 
improving Iraq's credit rating lies in three main axes:
 
"The first is reducing the cost of borrowing.
 
Each notch higher in the rating reduces interest rates on sovereign loans, freeing up huge sums that can be invested in development projects."
 
The second is "attracting foreign investment.
 
Investors tend to direct their funds toward countries with higher ratings, which could open the door to new capital flows into Iraq."
 
The third axis, according to Abdul Rabbo, is"enhancing confidence in the national economy.
 
A good rating reflects the  government's commitment to its debts and conveys a positive image of the stability of the financial system."

Abdul Rabbo adds that   "forming the national team is a step in the right direction, but he stresses the need for artistic work to be coupled with   real political and economic steps, such as  rationalizing public spending, combating corruption, and  diversifying the economy away from oil."
 
*Politics and economics in one balance
 
Standard & Poor's affirmed Iraq's rating at B-/B with a stable outlook last February.

Despite the country's solid foreign exchange reserves, the agency noted the  existence of real risks that could lead to a downgrade, most notably: "a weak institutional framework and   political uncertainty, a  lack of economic diversification and    overreliance on oil,  security and political risks that make the economic situation unpredictable, and the potential for public finances to be impacted by a sharp or prolonged decline in oil prices."
 
According to the agency's report, any deterioration in the government's ability to manage public debt
or increased budget pressures     could lead to negative rating decisions.
 
*Fiscal deficit and public debt: worrying figures
 
Iraq suffers from a persistent financial deficit in its annual budgets due to the expansion of operating expenses, particularly  salaries for the massive public sector, which consumes the majority of revenues.
 
In light of these burdens, the public debt is rising,
     increasing the risk that the government will be unable to meet its obligations without relying on oil.
 
Economist Abdul Rabbah points out that "inflexible fiscal policies and unplanned expenditures are among the biggest challenges facing Iraq," explaining that  improving its credit rating will not be possible unless these structural imbalances are addressed.    
https://observeriraq.net/فريق-وطني-لتحسين-التصنيف-الائتماني-لل/   

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

Seeds of Wisdom RV and Economic Updates Friday Morning 8-22-25

Good morning Dinar Recaps,

Fed Chair Jerome Powell Faces Delicate Balancing Act in Jackson Hole Speech Today

When Federal Reserve Chair Jerome Powell takes the stage today at the annual Jackson Hole, Wyoming economic forum, he will face mounting pressures—from President Trump’s repeated calls for his resignation to a recent stream of worrying economic data.

Powell, whose term as Fed Chair ends in May 2026, will likely deliver his last major policy speech as head of the central bank. The event, hosted by the Federal Reserve Bank of Kansas City, is closely watched because it provides a stage for Fed officials to signal views on the economy and future monetary policy direction.

Focus on Rates at Jackson Hole

• A key issue is whether Powell will hint at the Fed’s next interest rate decision, scheduled for Sept. 17.

• President Trump has pushed the Fed to cut rates, citing solid economic data and muted inflation.

• Powell, however, has emphasized a “wait and see” approach, especially as the Fed evaluates the impact of tariffs on consumer prices.

• Meanwhile, new signals—such as slowing job growth and inflation showing its largest increase in three years—complicate the picture.

Melissa Brown, Managing Director of Investment Decision Research at SimCorp, summed it up:

“You have this political pressure balanced off against the economic pressure, which makes Powell’s job particularly difficult.”

The Fed declined to comment ahead of Powell’s remarks. The Kansas City Fed will livestream the speech Friday at 10 a.m. Eastern Time on YouTube.

Will the Fed Cut Rates?

• Powell is expected to avoid confirming whether the Federal Open Market Committee (FOMC) will lower rates in September.

• By design, Fed decisions are kept private until officially announced to avoid market disruption and to maintain independence from political pressure.

• Before the Sept. 16–17 meeting, the Fed will receive two key reports:

• Labor Department jobs report (Sept. 5)

• Consumer Price Index (CPI) (Sept. 11)

Recent political tension has risen after the head of the Labor Statistics Bureau was fired in August, following a sharp slowdown in reported job creation—figures that President Trump openly questioned.

Mike Sanders, Head of Fixed Income at Madison Investments, explained:

“I don’t think Powell can push the narrative toward cutting because that leaves him no option but to cut. He has to signal data-dependence.”

Markets, however, are already betting on a cut. FactSet data shows an 88% chance of a 0.25% rate reduction in September.

Last year at Jackson Hole, Powell hinted at cuts, which materialized the following month with a 0.50% rate reduction.

Dual Mandate, Conflicting Signals

• Powell also faces the Fed’s dual mandate:

• Maximize employment

• Maintain stable prices (inflation control)

• These mandates often conflict:

• Cutting rates may boost job growth but risk higher inflation.

• Holding rates steady may stabilize inflation but slow employment growth.

Economist Will Denyer (Gavekal Research) noted the Fed may face a stagflation risk—a combination of slow growth and rising inflation, considered the “Fed’s nightmare scenario.”

Minutes from the July 30 FOMC meeting reveal that some members still worry supply-chain disruptions could keep inflation elevated, confirming that inflation remains a central concern.

Oxford Economics Chief U.S. Economist Ryan Sweet added:

“The labor market will be the swing factor on whether the Fed cuts interest rates in September or not.”

@ Newshounds News™
Source: CBS News

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US House Adds CBDC Ban to Massive Defense Policy Bill

The House has quietly slipped a provision banning the Federal Reserve from issuing a digital currency into an almost 1,300-page defense policy bill, underscoring how the debate over money’s future has become tied to national security legislation.

The move comes through a revision of HR 3838, the House’s version of the National Defense Authorization Act (NDAA), shared Thursday by the House Rules Committee. The language is sweeping: it bans the Federal Reserve from studying, developing, or creating any digital currency.

The House had already passed a separate CBDC-ban bill in July — the Anti-CBDC Surveillance State Act — by a razor-thin margin of 219–210. But that measure faced a steep uphill battle in the Senate. By inserting the ban into the NDAA, lawmakers have effectively hitched it to must-pass national security funding, increasing its odds of survival.

Why It Matters

The NDAA is among the most critical annual bills in Congress, setting defense budgets and military priorities. It is also notorious as a vehicle for non-defense riders that would otherwise stall if brought as standalone measures. By embedding a CBDC prohibition here, House Republicans have dramatically shifted the battleground.

• House leaders promised the CBDC ban in July as part of a deal with conservative hardliners.

• A group of GOP holdouts had refused to advance three crypto-related bills unless a ban was guaranteed, stalling floor debate for over nine hours — the longest delay in House history.

• The logjam broke only after House Majority Leader Steve Scalise pledged that the ban would be added to the NDAA.

What the Provision Does

The language would:

• Ban the Federal Reserve from issuing a CBDC or any digital asset.

• Block the central bank from offering financial products or services directly to individuals.

• Prohibit the Fed from even “testing, studying, developing, creating, or implementing” a digital currency.

• Allow a carve-out for stablecoins, clarifying that the bill does not prohibit “any dollar-denominated currency that is open, permissionless, and private.”

Historical Context

• Republicans have long targeted CBDCs as a threat to financial privacy and state overreach.

• In early 2023, Representative Tom Emmer introduced the CBDC Anti-Surveillance State Act, but it died in the previous Congress.

• Emmer has since reintroduced the bill, framing it as aligned with President Donald Trump’s January executive order prohibiting CBDCs.

With its new place in the NDAA, however, the CBDC ban is no longer a fringe fight — it is now tethered to America’s broader defense and security posture.

@ Newshounds News™
Source: Cointelegraph   

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CFTC Launches Crypto Sprint With Public Consultation Open Until October 20, 2025

The Commodity Futures Trading Commission (CFTC) has opened its latest “crypto sprint,” a major step in advancing President Trump’s digital asset agenda. This initiative, running through October 20, 2025, invites public feedback from industry leaders, investors, and everyday users to help shape the next phase of U.S. crypto market rules.

Working in tandem with the SEC, the sprint underscores a push for stronger federal oversight of spot trading, signaling that digital assets have become a priority at the highest levels of government.

Focus on Spot Market Oversight

Acting Chairman Caroline D. Pham announced that the sprint will begin immediately, with a focus on:

• Federal-level trading rules to strengthen spot market oversight.

• Expanded attention to leveraged, margined, and retail trading risks.

• Alignment with the SEC’s “Project Crypto”, in direct response to Trump’s call for U.S. leadership in digital assets.

Calling this the start of a “Golden Age of innovation,” Pham urged the industry to embrace both growth and responsible regulation as central to U.S. competitiveness in global digital finance.

Expanding Oversight Beyond Spot Trading

This is the second CFTC crypto sprint in recent weeks:

• The first focused specifically on spot trading.

• The new phase expands to broader market structure, leverage, and retail-focused products.

Pham emphasized the Commission’s commitment to managing risks without stifling innovation, highlighting coordination with the SEC, the White House, and market stakeholders.

Public Consultation Open Until October 20

Public participation is central to this process. The CFTC is inviting feedback from institutions, builders, and individual investors via its official website. This marks a rare chance for the crypto community to directly shape future U.S. digital asset rules.

Implications for the Market

• Bullish case: Clear rules could legitimize the market, attract institutional money, and accelerate mainstream adoption.

• Bearish case: Overly strict limits on leverage and retail access — combined with regulatory overlap — could suppress innovation and push projects overseas.

Either way, the CFTC’s sprint represents a pivotal moment: the rules that emerge could define the U.S. crypto market for years to come.

@ Newshounds News™
Source: Coinpedia

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Ripple Partners with SBI to Roll Out RLUSD Stablecoin in Japan by Q1 2026

Ripple announced Friday that it will launch its Ripple USD (RLUSD) stablecoin in Japan in partnership with SBI Holdings by the first quarter of 2026. The rollout will be managed through SBI VC Trade, the crypto subsidiary of SBI Holdings.

As of Friday morning, RLUSD holds a market capitalization of $666 million with a 24-hour trading volume of $71 million, according to CoinGecko.

Ripple and SBI’s Strategic Collaboration

Ripple emphasized that Japan is a critical market for the expansion of stablecoin adoption. In the announcement, Tomohiko Kondo, CEO of SBI VC Trade, said:

“SBI Group has been leading the development of the cryptocurrency and blockchain field in Japan. The introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins in the Japanese market.”

This partnership builds on SBI’s longstanding relationship with Ripple, reinforcing their joint strategy to drive digital asset infrastructure in Asia.

RLUSD: Backed and Growing

• Launched in December 2024.

• Backed 1:1 by reserves that include:

• U.S. dollar deposits

• Short-term U.S. government bonds

• Other cash equivalents

The stablecoin market overall has seen sharp growth, with the supply of USD-pegged stablecoins hitting $266 billion as of Thursday, up from $256 billion on August 1, according to The Block’s data dashboard.

Expanding Global Reach

Ripple has been positioning RLUSD as a global payments rail:

• In June 2025, the Dubai Financial Services Authority approved RLUSD for use within the Dubai International Financial Centre, broadening its international footprint.

• The upcoming Japan launch marks another step in Ripple’s ambition to position RLUSD as a reliable, institution-friendly stablecoin in both regional and global markets.

Conclusion

Ripple’s Japan expansion with SBI Holdings demonstrates how stablecoins are moving beyond U.S. markets into regulated, high-demand regions. With Japan’s openness to blockchain innovation and SBI’s leadership role in fintech adoption, the partnership could become a model for stablecoin integration across Asia.

@ Newshounds News™
Source: The Block   

~~~~~~~~~

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Newshound's News Telegram Room Link

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A BIG Change To The Iraq Dinar: Economic Ninja

A BIG Change To The Iraq Dinar

Economic Ninja:  8-21-2025

A huge change just happened for the Iraqi Dinar and its value.

Not only in country- but around the world .

This is huge, great news for investors… I want to keep people grounded. But there are 2 stories that make the dinar more valuable right now .

https://www.youtube.com/watch?v=tnfU6AGvAwQ

Iraq Economic News and Points To Ponder Thursday Evening 8-21-25

Gold Declines Slightly After The Release Of The Minutes Of The US Federal Reserve Meeting

Thursday, August 21, 2025, | Economic Number of readings: 137  Baghdad/ NINA / Gold prices fell slightly after the minutes of the Federal Reserve's July meeting showed agreement to keep interest rates steady.  Gold fell at the beginning of spot transactions by 0.2 percent to $3,340.09 per ounce, while US gold futures for December delivery fell by 0.2 percent to $3,382.30.

Silver also lost 0.2 percent during spot transactions to $37.83 per ounce, platinum by 1 percent to $1,326.93, and palladium by 0.8 percent to $1,105.12. /End https://ninanews.com/Website/News/Details?key=1247522

Al-Sudani: The Presence Of Major Oil Companies In Iraq Reflects The Government's Interest In The Energy Sector.

Energy   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani received Shannon Slocum, CEO of Halliburton, an American oil and energy company, and his accompanying delegation on Thursday.

Al-Sudani stressed that the presence of major oil companies in Iraq reflects the government's interest in the energy sector in Iraq and its efforts to develop it according to modern international standards and through the best energy companies.

He emphasized the government's vision for developing the oil and gas sectors and its keenness to ensure that development takes place with the highest possible capabilities provided by advanced technology, and Iraq's continued expansion of its use of associated gas and the production of petroleum derivatives, according to a statement from his media office received by the "Wadeh" platform.

Al-Sudani pointed out the importance of expanding the scope of work with Halliburton, given its expertise and capabilities in the fields of extraction and refining, and its possession of modern global technologies. He affirmed his support for the company's work in developing the Nahr Bin Omar and Sindbad fields in Basra Governorate.

For his part, Slocom affirmed Halliburton's interest in operating in Iraq, given the country's progress across all sectors, its stability, and its openness to major international industrial companies. He explained that the company is committed to providing the latest technological developments in oil and gas fields, after finalizing the contract model.

He also stated that the company will employ modern administrative and technical methods in its work, and is committed to developing the skills of the Iraqi cadres working with it.  https://economy-news.net/content.php?id=59069

Oil Prices Maintain Gains

Time: 2025/08/21 07:25:18 Read: 480 times  {Economic: Al Furat News} Oil prices maintained their gains after U.S. crude inventories recorded their largest decline since mid-June, remaining well below the seasonal average.

Brent crude traded around $67 a barrel after rising 1.6% on Wednesday, while West Texas Intermediate crude held steady around $63.

Data from the Energy Information Administration showed that US crude inventories fell by 6 million barrels last week. Gasoline inventories also fell for the fifth consecutive week.

Trump's Policies Pressure the Market

Despite the recent rally, oil prices remain down more than 10% since the beginning of the year due to concerns about the repercussions of US trade policies, while the OPEC+ alliance ended its voluntary cuts. These factors have increased expectations of a market glut once peak summer demand subsides. Traders are also monitoring developments in efforts to reach a ceasefire in the war in Ukraine.  LINK

The Iraq Stock Exchange Exceeds 70 Billion Dinars In Trading Value In One Week.

Stock Exchange   Economy News – Baghdad  The Iraq Stock Exchange announced on Thursday that it had traded shares worth more than 70 billion dinars during five trading sessions this week, which is drawing to a close.

According to trading indicators, the number of shares traded this week exceeded 68 billion, with a value exceeding 70 billion dinars.

The ISX60 market index closed the first session of the week at (941.21) points, while the index closed at the end of the week at (927.67) points, achieving an increase of (1.59%) over its closing at the beginning of the session.

The ISX15 index closed the first session of the week at 1113.66 points, while the index closed at the end of the week at 1119.00 points, achieving an increase of 0.53% over its closing at the beginning of the session.

During the week, (4712) buy and sell contracts were executed on shares of companies listed on the market.    https://economy-news.net/content.php?id=59070

Under The Patronage Of The Prime Minister, The Securities And Commodities Authority Announces Tangible Achievements In Four Areas.
 
Yesterday, 14:58  Baghdad – INA  The Securities Commission announced on Wednesday
  tangible achievements in four areas, noting that  these accomplishments constitute a fundamental pillar of a comprehensive strategy aimed at making the Iraqi market   a vital contributor to the national economy and  an attraction for local and foreign investment.  

The Chairman of the Commission, Faisal Al-Haimus, said in a statement received by the Iraqi News Agency (INA):
 
“The Commission has achieved qualitative achievements in developing the capital market under the auspices of the government of Prime Minister Mohammed Shia Al-Sudani,” noting that
 
“a qualitative leap and tangible achievements have been achieved in the Iraq Stock Exchange during the years (2024-2025), within the framework of the directives and continuous support of the government of Prime Minister Mohammed Shia Al-Sudani,  which reflects the government’s firm commitment to  stimulating the investment environment and   consolidating the foundations of financial stability in the country.” 

He explained that  "these achievements, which encompass     legislative,     technical, and     regulatory aspects,aim to  develop the financial market's infrastructure,  enhance transparency,  protect investor rights, and   achieve alignment with international standards."

He pointed out that "the most prominent milestones that have been achieved are:
 
First: On the legislative and regulatory level:
 
The draft Securities Law was approved, its preparation was completed, and it received Cabinet approval. It is now before the House of Representatives for the second reading.
 
- Approval of the internal regulations of the Iraq Stock Exchange and the organizational structure, as well as the internal regulations of the Iraqi Depository Center.
 
- Activating new regulations that include margin trading, licensing brokerage firms, and exchanging listed shares for new listed shares.
 
- Regulating the return of shares of listed companies after general assembly meetings and
     at fair indicative prices.
 
- Activating the unified chest health system to enhance the accuracy and efficiency of operations.
 
Second: On the level of developing infrastructure and technology:
 
Digital transformation and enhanced transparency by
     modernizing trading mechanisms in cooperation with specialized companies.
 
- Supervising the emergency storage project (HOT/DR Backup), which is
     currently in the final preparation phase to ensure the continuity of the market’s operations.
 
- Developing electronic disclosure systems.
     Renewing the license for the trading system (Xstrem) to immediately disclose the
          financial status of companies and          interest rates directly on the trading platform.
 
- Establishing an electronic archiving system and     activating and fully operating its stations.
 
- Establishing an electronic information station for the Authority to serve the public and investors.
     Available on the website.

Third: On the level of developing trading mechanisms and diversifying services:
 
Launching a new trading platform
     to allow small shareholders of companies that do not disclose their financial data to trade.
 
- Launching a platform for trading over-the-counter (OTC) stocks,  
     where (19) companies have been listed so far.
 
- Launching a new price index (ISX15),
     which is the first index in the market that relies on the market value of free float shares
          to calculate the weights of the companies that comprise it.
 
     Launching electronic trading platforms via smart devices in cooperation with brokerage firms
     to facilitate access to the market.
 
Fourth: At the level of international cooperation and capacity building:
 
Signing a Memorandum of Understanding with the Abu Dhabi Securities Exchange, under the patronage of the Prime Minister,  with the aim of strengthening relations between the two countries' financial markets and creating joint investment and trade opportunities.
 
Signing a memorandum of understanding with the Egyptian Financial Regulatory Authority to
  exchange expertise and information and   raise levels of transparency and efficiency in accordance with best practices.
 
- An agreement with the British Institute for Securities and Investment to develop the performance of the sector’s workforce.
 
- Agreement with the Egyptian company (ESG) to  develop infrastructure and   enhance online trading. 

He stressed that  "these achievements constitute a fundamental pillar of a comprehensive strategy aimed at making the Iraqi Stock Exchange     a vital contributor to the national economy and     an attraction for both local and foreign investment."    
  
https://ina.iq/ar/economie/241388-.html  

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