
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 3-15-25
Good afternoon Dinar Recaps,
2,300,000 CREDIT AND DEBIT CARDS LEAKED ON DARK WEB AS HACKERS INFECT MILLIONS OF DEVICES, DRAIN BANK ACCOUNTS: REPORT
Millions of debit and credit cards have been leaked on the dark web amid an explosion in the number of devices infected by data-stealing malware, according to cybersecurity and anti-virus firm Kaspersky.
Kaspersky says that from 2023 to 2024, at least 2.3 million bank cards were exposed via infostealer malware and posted on the dark web.
Good afternoon Dinar Recaps,
2,300,000 CREDIT AND DEBIT CARDS LEAKED ON DARK WEB AS HACKERS INFECT MILLIONS OF DEVICES, DRAIN BANK ACCOUNTS: REPORT
Millions of debit and credit cards have been leaked on the dark web amid an explosion in the number of devices infected by data-stealing malware, according to cybersecurity and anti-virus firm Kaspersky.
Kaspersky says that from 2023 to 2024, at least 2.3 million bank cards were exposed via infostealer malware and posted on the dark web.
Over the same period, infostealer malware infected 26 million devices running Windows. The cybersecurity firm says bank card information is stolen in every 14th infection by this type of malware.
According to Kaspersky expert Sergey Shcherbel, the actual number of devices infected by infostealers is most likely higher.
“Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe.”
The cybersecurity firm says the infostealer malware known as Redline was the most prevalent of the data-thieving malware, accounting for 34% of the total infections in 2024. Risepro, which primarily focuses on stealing banking card details and passwords, is another fast-spreading infostealer.
“The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024.”
According to Kaspersky, the Risepro infostealer, which is also targeting cryptocurrency wallet data, is spreading through software cracks, game mods and key generators.
Kaspersky advises individuals and organizations monitor bank notifications, enable two-factor authentication and run full security scans on all devices to remain vigilant against these types of malware threats.
@ Newshounds News™
Source: DailyHodl
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BRICS LOOK TO BLOCKCHAIN FOR ALLIANCE PAYMENT SYSTEM
Amid the alliance’s efforts to move away from the US dollar-dominated financial system, the BRICS bloc is reportedly eyeing blockchain as the basis for its developing payment system. Indeed, the collective is introducing a new proposal to push its efforts for economic autonomy forward.
The BRICS bloc has been engaged in a faceoff with the US since the return of President Donald Trump to the White House. Specifically, he has threatened 150% tariffs on the alliance amid its de-dollarization efforts. In response, the bloc has fractured, with some continuing to pursue movement away from the greenback.
BRICS New Proposal Eyes a Blockchain-Based Payment System
Throughout the last year, the BRICS bloc has targeted its own independence from the US dollar. The currency has continued to be weaponized, with the Biden administration instituting sanctions and Trump now introducing tariffs. Indeed, the collective has gone as far as to challenge the influence of the Petrodollar.
Those efforts have only taken a step forward this week with the 2025 summit nearing. Indeed, the BRICS bloc is eyeing blockchain technology for an alliance payment system that will further challenge the greenback, according to a new proposal.
cording to a new report, BRICS 2025 chairmanship holder, Brazil, has introduced the new initiative. It would seek to streamline cross-border transactions and lower costs to increase efficiency for local currency settlement. Although the bloc has assured it will not challenge the US dollar’s dominance, it would encourage and promote local currencies.
It will now be up to Trump and the US to identify the difference. Throughout his first two months back in office, he has not shown that kind of discernment when it comes to the greenback. Specifically, his campaign trail activities that signaled the US dollar’s status as a global reserve asset remained one of his most important focuses.
@ Newshounds News™
Source: Watcher Guru
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Insiders Claim Trump will Reset Economy July 4th 2026 to a New Gold Back Currency w/ Andy Schectman
Insiders Claim Trump will Reset Economy July 4th 2026 to a New Gold Back Currency w/ Andy Schectman
Sarah Westall Mar 14, 2025
In this interview with Andy Schectman, Andy drops a bombshell stating that Judy Shelton, Trump’s former pick for the Federal Reserve, told him directly that Trump will pull the trigger on the economic reset July 4th 2026 with a gold backed currency.
That’s a pretty big deal coming from Shelton. We know the economy is ready for a reset soon, what ultimately occurs is still up in the air, but this was big news to me.
Insiders Claim Trump will Reset Economy July 4th 2026 to a New Gold Back Currency w/ Andy Schectman
Sarah Westall Mar 14, 2025
In this interview with Andy Schectman, Andy drops a bombshell stating that Judy Shelton, Trump’s former pick for the Federal Reserve, told him directly that Trump will pull the trigger on the economic reset July 4th 2026 with a gold backed currency.
That’s a pretty big deal coming from Shelton. We know the economy is ready for a reset soon, what ultimately occurs is still up in the air, but this was big news to me.
Details of the interview:
Andy Schectman rejoins the program to discuss the volatile market and the massive gold moving off the COMEX. An unprecedented situation which has never been seen in our life time. He also shares what he has heard from insiders that Trump plans on flipping the switch on the new US economy July 4th, 2026.
https://sarahwestall.substack.com/p/insiders-claim-trump-will-reset-economy
To listen to video click here: https://sarahwestall.com/insiders-claim-trump-will-reset-economy-july-4th-2026-to-a-new-gold-back-currency-w-andy-schectman/
Seeds of Wisdom RV and Economic Updates Saturday Morning 3-15-25
Good Morning Dinar Recaps,
US CONGRESSMAN TO INTRODUCE NEW CRYPTO BILL PROTECTING TRUMP’S STRATEGIC BITCOIN RESERVE
Recent reports revealed that another member of the US House of Representatives will introduce a new bill on March 14 to codify US President Donald Trump’s executive order for a Strategic Bitcoin Reserve (SBR). This move follows recent efforts by several US lawmakers to formalize and protect Trump’s crypto plan.
New Bill Proposes US Bitcoin Reserve’s Protection
Good Morning Dinar Recaps,
US CONGRESSMAN TO INTRODUCE NEW CRYPTO BILL PROTECTING TRUMP’S STRATEGIC BITCOIN RESERVE
Recent reports revealed that another member of the US House of Representatives will introduce a new bill on March 14 to codify US President Donald Trump’s executive order for a Strategic Bitcoin Reserve (SBR). This move follows recent efforts by several US lawmakers to formalize and protect Trump’s crypto plan.
New Bill Proposes US Bitcoin Reserve’s Protection
On Friday, Bloomberg reported that US Representative Byron Donalds will introduce a bill to codify President Trump’s executive order to establish a national Bitcoin (BTC) reserve. The proposed legislation reportedly seeks to formalize Trump’s plan and protect the strategic reserve from potential industry-adverse administrations in the future.
According to the report, the bill “would ensure that the reserve and stockpile could not be eliminated by executive action from a future president.” The US President signed an executive order on March 6 to create a strategic BTC reserve and a “Digital Asset Stockpile” within the US Department of the Treasury.
The order indicates that these initiatives would be funded by crypto seized from government criminal and civil forfeiture proceedings, including the US’ 200,000 BTC holdings and other digital assets already owned by the Treasury Department.
In a statement to Bloomberg, Donalds affirmed that the “Democrats waged a war” on the crypto industry and it “is the time for Congressional Republicans to decisively end.” The legislation requires at least 60 votes in the US Senate and a House majority to pass.
The US Representative’s move is the latest in the recent efforts from various US lawmakers to give Bitcoin recognition as a strategic asset at the state and national levels under the new crypto-friendly administration, including Senator Cynthia Lummis’s actions to codify President Trump’s recent executive order.
On Tuesday, US Senator Lummis reintroduced her reserve bill, initially introduced last July, in the Senate to implement a BTC purchase program. As reported by Bitcoinist, the bill is co-sponsored by Republican Senators Jim Justice, Marsha Blackburn, Bernie Moreno, Roger Marshall, and Tommy Tuberville.
The Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, or Bill S954, aims to “ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.”
The US Senator highlighted the “landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation’s economic foundation for generations to come."
Lawmakers Split Over Trump’s Crypto Reserve
Meanwhile, US Representative Nick Begich also introduced the “Bitcoin Act on 2025,” a companion bill to Senator Lummis’ legislation, to the US House on Tuesday. The legislation, co-sponsored by six Republican Representatives, is “designed to ensure the United States secures its financial independence and maintains its leadership in the global digital economy.”
Begich emphasized the need for the United States to establish a formal Bitcoin reserve, like its gold reserves, as “America cannot afford to fall behind in this financial revolution.”
Nonetheless, recent reports revealed that other Congress members are opposing President Trump’s crypto plan. Democratic Representative Gerry Connolly recently wrote a letter to Treasury Secretary Scott Bessent, pushing to abandon the strategic reserve plans.
The congressman considers, “Such a reserve provides no discernible benefit to the American people but would significantly enrich the President and his donors. It would also constitute unsound fiscal policy by picking winners among currencies via social media and wasting taxpayer dollars.”
The letter also asks for the documents and communications about the reserves, soliciting a “detailed list of safeguards that are in place to protect against government officials financially benefiting from the strategic cryptocurrency reserve.”
@ Newshounds News™
Source: Bitcoinist
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GOLD ETFS WINNING THE ASSET RACE WITH BITCOIN FUNDS–FOR NOW
The price of the traditional safe-haven asset has soared recently, but bitcoin is the real “hot sauce,” says analyst Eric Balchunas.
Gold exchange-traded funds in the U.S. are leading in assets under management again after briefly being dethroned by the new American Bitcoin ETFs, a result of the traditional risk-off asset’s surge to a record high and BTC’s recent slump.
American ETFs giving investors exposure to gold’s price are collectively managing close to $150 billion in assets, VettaFi data shows. The 11 Bitcoin ETFs—approved by the SEC last year—now have over $93 billion in managed assets.
In December, Bitcoin ETFs briefly overtook their gold counterparts, according to K33 Research, thanks to the cryptocurrency’s price increase following the election of U.S. President Donald Trump, whose policies were widely expected to boost the digital asset industry.
Bitcoin spiked to an all-time high at nearly $109,000 in January the day of his inauguration. But it has steadily lost ground and was recently trading around $84,000, down about 25% from that record.
Friday’s BTC price comes the precious metal hit a record of $3,014 per ounce as investors spooked by the new president’s trade war look for less volatile investments. Gold is a traditional safe-haven asset favored during periods of economic turbulence.
Bitcoin has largely traded similar to tech stocks and other risk-on assets over the past year.
“Bitcoin has some safe haven qualities, but lately it’s behaved more like a risk asset, and that’s why we’ve seen more outflows in those spot ETFs,” etf.com’s Senior Content Editor Kent Thune, who oversees research at the publication, told Decrypt, noting gold’s status as an inflation hedge and safe-haven investment in the “current environment.”
The new Bitcoin ETFs smashed expectations last year following their approval after new capital from investors previously locked out of the world of crypto investing flooded the market. The funds collectively breached $3 billion in net flows just one month after they started trading—beating the launch of the gold ETFs 20 years ago.
But macroeconomic uncertainties and traders concerned about Trump’s policies, including his tariffs on favored trading partners, have led to massive outflows this year, helping push the price of Bitcoin down.
Still, this trend could soon be reversed, Bloomberg ETF analyst Eric Balchunas said, as Bitcoin is the real “hot sauce.”
“It’s not really a reflection of customer interest,” he said, adding gold catching up with Bitcoin again was simply down to “the market.”
“Most regular people want stocks and bonds and spice—they want real speculative stuff. So to me, gold isn’t hot sauce, and the fact that Bitcoin could act as hot sauce made it still a lot better over the past year than gold, even though gold is going up.”
“I just think that gold can never be hot sauce,” he said, adding that while gold has won the battle, Bitcoin could win the war in the medium- to long-term.
@ Newshounds News™
Source: Decrypt
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Seeds of Wisdom RV and Economic Updates Friday Afternoon 3-14-25
Good Afternoon Dinar Recaps,
RIPPLE BREAKS GROUND IN MIDDLE EAST: SECURES FIRST PAYMENT LICENSE
▪Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA).
▪Ripple’s Middle Eastern expansion strategy started backin 2020 when the company established its regional headquarters in the DIFC.
Good Afternoon Dinar Recaps,
RIPPLE BREAKS GROUND IN MIDDLE EAST: SECURES FIRST PAYMENT LICENSE
▪Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA).
▪Ripple’s Middle Eastern expansion strategy started backin 2020 when the company established its regional headquarters in the DIFC.
Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA). With this approval, Ripple can tap into UAE’s $40 billion cross-border payments market.
On 13 March 2025, Ripple announced unlocking fully regulated cross-border crypto payments in the UAE, “bringing faster, cheaper, and more transparent transactions to a $40B market.”
Commenting on the development, Ripple CEO Brad Garlinghouse said, “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption.”
“Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit,” he added.
Ripple’s First License In The Middle East
The company receiving operational rights within the Dubai International Financial Centre (DIFC) means that Ripple’s global payments product will be available for businesses in the UAE.
Welcoming Ripple to the Middle East, Arif Amiri, DIFC CEO said, ”We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC.”
Ripple’s Middle Eastern expansion strategy started back in 2020 when the company established its regional headquarters in the DIFC.
“As the Middle East, Africa and South Asia’s leading global financial centre, DIFC is proud to support forward-thinking companies like Ripple as they shape the future of finance and accelerate the adoption of blockchain technology in the payments industry,” said Amiri.
UAE : Global Hub For Outbound Finance With $400bn+ Market For International Trade
Notably, Ripple insists that it is seeing increasing demand from across the Middle East, “from crypto-native firms and traditional financial institutions alike.”
According to a 2024 business survey carried out by Ripple, 64% of Middle East and Africa (MEA) finance leaders see faster payments and settlement times as the biggest value proposition for incorporating blockchain-based currencies into their cross-border payments business.
“Dubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,” said Reece Merrick, Ripple’s Managing Director for Middle East and Africa.
@ Newshounds News™
Source: 99 Bitcoins
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BINANCE FOUNDER CZ DENIES TRUMP FAMILY INVESTMENT, PARDON TALKS
The Wall Street Journal reported that representatives of the Trump family were in talks with Binance to take a stake in the exchange giant's U.S. arm. Reported in this morning's Dinar Recaps Blog, Source: Bitcoinist
Representatives for the family of U.S. President Donald Trump are holding discussions with Binance about investing in its U.S. arm, according to a Wall Street Journal report on Thursday.
The WSJ said that the exchange giant's founder Changpeng "CZ" Zhao, who is the firm's largest shareholder, was also seeking a pardon, citing people familiar with the matter. Zhao, who was then the company's CEO, pleaded guilty on money laundering charges in November 2023 and served four months in prison.
Zhao denied the WSJ report in an X post.
"The WSJ article got the facts wrong," he wrote Thursday. "Fact: I have had no discussions of a Binance US deal with…well, anyone."
@ Newshounds News™
Read more: Decrypt
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KENTUCKY SENATE PASSES BILL PROTECTING BITCOIN SELF-CUSTODY RIGHTS
Yesterday evening, the Kentucky Senate unanimously passed a bill aimed at protecting Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote, the legislation, titled AN ACT relating to blockchain digital assets (HB 701), now moves to the Governor’s desk for final approval.
Sponsored by Representatives Adam Bowling and T.J. Roberts, the bill affirms the right of individuals to self-custody digital assets through self-hosted wallets. Additionally, it prevents local zoning laws from discriminating against digital asset mining businesses, ensuring that Bitcoin miners can operate freely within the state.
The bill outlines several key provisions, including:
▪Protection for Bitcoin self-custody: Individuals have the legal right to use and store digital assets in self-hosted wallets.
▪Prohibition of discriminatory zoning laws: Local governments cannot impose zoning changes that unfairly target digital asset mining businesses.
▪Exemptions from money transmitter licensing: Home Bitcoin miners and digital asset mining businesses are exempt from Kentucky’s money transmitter requirements.
▪Clarification of securities laws: Digital asset mining and staking as a service are explicitly not classified as securities under Kentucky law.
After passing through the Kentucky House with a 91-0 vote on February 28, 2025, the bill moved swiftly through the Senate. The March 13 vote saw full bipartisan support, with 37 senators voting in favor, zero opposed, and one not voting.
The legislation now awaits the Governor’s signature, which would officially enshrine Bitcoin self-custody protections and digital asset mining rights into Kentucky law. If signed, Kentucky will become one of the more Bitcoin-friendly states in the country, setting a precedent for other states to follow.
@ Newshounds News™
Source: Bitcoin Magazine
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Seeds of Wisdom RV and Economic Updates Friday Morning 3-14-25
Good Morning Dinar Recaps,
TRUMP FAMILY ALLEGEDLY IN TALKS TO ACQUIRE BINANCE US STAKE AS CZ ‘SEEKS’ PARDON – REPORT
A recent report alleges that the Trump Family has been in talks to take a stake in crypto exchange Binance’s US arm, which could facilitate the company’s return to the country. Simultaneously, the exchange’s co-founder, Changpeng Zhao, also known as “CZ,” has allegedly been “pushing” for a pardon from the Trump administration.
Good Morning Dinar Recaps,
TRUMP FAMILY ALLEGEDLY IN TALKS TO ACQUIRE BINANCE US STAKE AS CZ ‘SEEKS’ PARDON – REPORT
A recent report alleges that the Trump Family has been in talks to take a stake in crypto exchange Binance’s US arm, which could facilitate the company’s return to the country. Simultaneously, the exchange’s co-founder, Changpeng Zhao, also known as “CZ,” has allegedly been “pushing” for a pardon from the Trump administration.
Trump Family In ‘Deal Talks’ For Binance US Stake?
On Thursday, The Wall Street Journal (WSJ) reported that representatives of US President Donald Trump’s family have held talks to acquire a financial stake in Binance US since 2024. According to people familiar with the matter, the talks allegedly began as part of the global exchange’s plan to return to the US.
Binance reportedly contacted Trump’s camp, offering a business deal with the Presidential Family. The company “began exploring a return to the U.S. market last year around the time of Trump’s election win” and “told people it was willing to make a deal with Trump’s company and wanted to eliminate its legal problems,” the report states.
However, it was unclear how the Trump family stake would come together if they struck a deal. The WSJ sources said the options included the deal going through the Trump family crypto venture, World Liberty Financial (WLF).
Moreover, Steve Witkoff, the United States Special Envoy to the Middle East, was seemingly involved in the deal talks. Witkoff is a co-founder of WLF, but a Trump administration official denied any involvement, adding that he is “in the process of divesting from his business interests.”
The report claims that “After Trump won, Binance set up a working group under CEO Richard Teng, which included senior legal and compliance staff, to assess options. Executives knew that Zhao’s conviction complicated any return, as it would be difficult to sign up new commercial partners in the U.S. with a felon as a majority shareholder.”
As a result, the company executive “saw a potential legal playbook in the saga of Justin Sun,” who recently had the Securities and Exchange Commission (SEC) pause its lawsuit against him. This route consisted of “a cash infusion into World Liberty Financial in exchange for a pardon for Zhao,” the sources told the news media outlet.
CZ Denies Claims Of “Pushing” For A Pardon
The report also stated that Changpeng Zhao, Binance’s co-founder and largest stakeholder, has been “pushing for the Trump administration to grant him a pardon” amid the deal talks, which allegedly continued after the US President’s inauguration.
The news caused outrage among several crypto investors, who considered the potential financial deal for a pardon “the cherry on top” of the recent TRUMP and MELANIA memecoin controversies.
CZ responded to the report, denying the allegations. In an X post, he stated, “The WSJ article got the facts wrong.” He explained that over 20 people informed him they had been asked to confirm the “deal for a pardon” by the WSJ and other media outlets.
According to the Binance founder, he has not discussed a Binance US deal with anyone but noted, “No felon would mind a pardon, especially being the only one in US history who was ever sentenced to prison for a single BSA charge.”
To him, “they tried hard to make a story to report,” while the article feels like “an attack on the President and crypto, and the residual forces of the ‘war on crypto’ from the last administration are still at work.”
Meanwhile, Bloomberg reported on Thursday that WLF “has discussed doing business with the world’s largest digital-asset exchange, Binance Holdings Ltd., according to four people with knowledge of the talks.”
The article stated that it is unclear what stage these discussions reached but included the possibility of the crypto exchange developing a US-backed stablecoin with the Trump Family’s crypto venture.
@ Newshounds News™
Source: Bitcoinist
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BRAZIL TO PUSH CRYPTOCURRENCY AS A PRIORITY FOR INTERNATIONAL BRICS TRADE
Brazil will push crypto initiatives, including a blockchain payment system, to expedite international trading as part of its presidency at BRICS this year. Local media stated this would be a priority for the South American giant’s plans for the organization.
Brazil to Push Hard for Crypto Implementation in BRICS Trade
The agenda of Brazil as president of the BRICS bloc will feature an unlikely topic: crypto. Brazilian authorities are preparing to introduce proposals for the organization to consider cryptocurrency as a solution for international settlements both inside and outside the bloc.
Local journal “O Globo” noted that this topic would be a priority as Brazil is now the President of BRICS, taking the mantle from Russia. The proposal would support the need to expedite financial transactions among group members, and reduce the dependence on foreign currencies like the U.S. dollar.
While the idea of a BRICS common currency was floated before, with economists like Jim Rickards predicting it would leverage gold to undermine the dollar, this has not been suggested. Instead, BRICS is focusing on designing an efficient payment system to make use of digital national currencies or even stablecoins, which are already being used in international settlements, though informally.
President Donald Trump opposed the BRICS currency idea, proposing a 100% tariff regime if the organization abandoned the U.S. dollar for a new currency, defending the dollar’s role as the world’s trading coin.
Brazil could also present a system like Pix, that uses different networks and systems based on fiat currencies. Nonetheless, this might raise worries about the sovereignty and independence of the system, as fiat currencies might be subject to different regulatory standards.
Russian officials have confirmed that BRICS is indeed taking this as a priority, hosting talks to determine the best course of action in this regard. Last month, Russian Foreign Minister Sergey Lavrov stressed that President Luis Inacio Lula Da Silva had taken the initiative in this field, examining the creation of a so-called transborder payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure.
@ Newshounds News™
Source: BitcoinNews
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Seeds of Wisdom RV and Economic Updates Thursday Evening 3-13-25
Good Evening Dinar Recaps,
BREAKING XRP NEWS: SEC REVEALS SWIFT REPLACEMENT WITH XRP!
Big news is shaking up the financial world! The Securities and Exchange Commission (SEC) just dropped a bombshell by publishing a document that suggests the potential replacement of the SWIFT system with XRP. This could be a game-changer for international money transfers and the entire banking system. Let’s dive into what this means and why it matters.
Understanding the SWIFT System
First off, let’s discuss what SWIFT is. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of international banking for decades.
Good Evening Dinar Recaps,
BREAKING XRP NEWS: SEC REVEALS SWIFT REPLACEMENT WITH XRP!
Big news is shaking up the financial world! The Securities and Exchange Commission (SEC) just dropped a bombshell by publishing a document that suggests the potential replacement of the SWIFT system with XRP. This could be a game-changer for international money transfers and the entire banking system. Let’s dive into what this means and why it matters.
Understanding the SWIFT System
First off, let’s discuss what SWIFT is. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of international banking for decades.
It allows banks and financial institutions to send and receive information about financial transactions in a secure and standardized way. However, with the rise of blockchain technology and cryptocurrencies, there have been increasing calls for a more efficient system.
What is XRP?
XRP is a digital currency created by Ripple Labs, designed specifically for fast and low-cost international transactions. Unlike Bitcoin, which can take several minutes to confirm a transaction, XRP transactions are settled in just a few seconds. This speed and efficiency make it a strong contender for replacing traditional systems like SWIFT.
Why the SEC’s Document is Significant
The SEC’s recent publication is significant for multiple reasons. First, it indicates a shift in perception within regulatory bodies about the use of cryptocurrencies in mainstream finance. By mentioning XRP as a potential replacement for SWIFT, the SEC is acknowledging the growing influence of digital currencies and their capacity to transform the financial landscape.
Potential Benefits of Replacing SWIFT with XRP
Imagine conducting cross-border transactions without the delays and high fees associated with traditional banking systems. Replacing SWIFT with XRP could lead to:
Faster Transactions: As mentioned earlier, XRP processes transactions in seconds, which is a massive improvement over SWIFT’s typical processing times.
Lower Costs: Transaction fees for using XRP are significantly lower than those associated with SWIFT, which could save banks and consumers money.
Increased Accessibility: With XRP, individuals and businesses without access to traditional banking systems may find it easier to engage in international trade.
Challenges Ahead
While the prospects of replacing SWIFT with XRP are exciting, there are challenges to consider. Regulatory hurdles remain a significant concern. The SEC and other regulatory bodies will need to establish clear guidelines for how cryptocurrencies can be used in traditional finance.
Additionally, banks and financial institutions would need to invest in new technology to support XRP transactions, which could be a barrier to adoption.
The Future of International Transactions
As we look to the future, the idea of integrating XRP into the global financial system is becoming more viable. The SEC’s document is a pivotal step toward legitimizing the use of cryptocurrencies in mainstream finance. If XRP can effectively replace SWIFT, it could lead to a more efficient, transparent, and equitable global financial system.
Community Reactions
The community’s reaction to this news has been overwhelmingly positive. Many XRP enthusiasts are expressing their excitement on social media platforms, envisioning a future where XRP is widely accepted for international transactions. As JackTheRippler tweeted, the implications of this announcement could be massive for holders of XRP and for the crypto market as a whole.
Conclusion: What’s Next?
So, what’s next? The world will be closely watching how the SEC navigates this groundbreaking moment in financial history. Will other countries follow suit? What will be the response from traditional banks? The possibilities are endless, and it’s clear that the landscape of international finance is evolving rapidly.
In the meantime, it’s essential for investors and consumers to stay informed. The potential shift from SWIFT to XRP could redefine not just how we think about money, but also how we interact with the global economy. As always, do your research and stay updated on the developments surrounding XRP and the SEC’s ongoing activities.
@ Newshounds News™
Source: TrendsNewsLine
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US LAW ENFORCEMENT CONFISCATES 749 BITCOIN TIED TO DECADE-OLD SILK ROAD CRIMES
U.S. authorities seized approximately 749 Bitcoin, valued at $62.5 million, tied to a Silk Road drug trafficking and money laundering operations, according to a March 12, 2025, Forbes report.
Silk Road Legacy Continues: $62.5M Bitcoin Seized in Latest Crackdown
The seizure, ordered by the U.S. Attorney for the Western District of Texas, targeted assets connected to two unnamed individuals: a former Silk Road drug vendor and an accomplice who laundered proceeds through cryptocurrency exchanges. Alongside bitcoin, Forbes reported that authorities confiscated hundreds of thousands in foreign currencies, gold coins, and bars.
The illicit funds were traced to transactions on Silk Road, a dark web marketplace shuttered in 2013 after its founder was arrested.
Despite its closure, law enforcement has continued recovering digital assets tied to the platform. The recent operation marks the latest in a series of seizures, including a record multi-billion-dollar bitcoin confiscation in 2021.
Investigators uncovered the operation after the suspects moved bitcoin from Silk Road through multiple accounts and converted it to cash via the now defunct peer-to-peer platform Localbitcoins.
Suspicious deposits flagged by Gemini, a U.S.-based cryptocurrency exchange, alerted authorities, enabling the seizure through a civil forfeiture action.
The case shows law enforcement’s advancing ability to trace cryptocurrency transactions, even years after crimes occur. The report stressed that blockchain analysis, combined with cooperation from exchanges implementing anti-money laundering protocols, played a critical role. Gemini’s involvement highlights exchanges’ evolving role in combating financial crimes.
Silk Road, once a hub for anonymous drug sales using bitcoin, generated an estimated 9.5 million bitcoin in sales before its shutdown.
While its founder Ross Ulbricht has been fully pardoned, the Forbes report said that authorities remain committed to pursuing residual assets.
This seizure aligns with broader efforts to deter dark web activity by demonstrating that crypto gains are not beyond reach.
The $62.5 million recovery adds to over $4 billion in Silk Road-linked assets seized since 2013. Proceeds from such actions often fund victim compensation or law enforcement initiatives. Experts note the operation reinforces the dual realities of cryptocurrency: its potential for anonymity and its vulnerability to forensic scrutiny.
No criminal charges have been filed against the individuals involved, suggesting the investigation remains active. The U.S. Department of Justice has yet to comment on potential further actions.
@ Newshounds News™
Source: Bitcoin News
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The #1 Asset for Market Crashes—Do You Own It?
The #1 Asset for Market Crashes—Do You Own It?
Gold has long been considered one of the best hedges against economic downturns due to its unique properties and historical performance.
Here’s a detailed explanation, backed by numbers and facts, of why gold is a reliable safe-haven asset:
Gold’s Performance During Economic Crises
2008 Financial Crisis: During the global financial crisis, gold prices surged as investors sought safety. From November 2007 to March 2009, the S&P 500 fell by approximately 56%, while gold prices rose by about 25%.
The #1 Asset for Market Crashes—Do You Own It?
Gold has long been considered one of the best hedges against economic downturns due to its unique properties and historical performance.
Here’s a detailed explanation, backed by numbers and facts, of why gold is a reliable safe-haven asset:
Gold’s Performance During Economic Crises
2008 Financial Crisis: During the global financial crisis, gold prices surged as investors sought safety. From November 2007 to March 2009, the S&P 500 fell by approximately 56%, while gold prices rose by about 25%.
COVID-19 Pandemic (2020): In the early stages of the pandemic, global markets experienced a sharp sell-off. Gold initially dropped due to a liquidity crunch but quickly rebounded. From March 2020 to August 2020, gold prices rose by over 35%, reaching an all-time high of $2,075 /oz in August 2020.
1970s Stagflation: During the stagflation period of the 1970s (high inflation and stagnant economic growth), gold prices skyrocketed. From 1971 to 1980, gold prices increased by over 2,300%, from $35/oz to apeakof850 /oz.
Gold as a Hedge Against Inflation
Gold is often seen as a store of value during periods of high inflation. Unlike fiat currencies, which can lose value due to excessive money printing, gold maintains its purchasing power over time.
Example: During the high inflation years of the 1970s, the U.S. dollar lost significant value, but gold prices surged. From 1971 to 1980, the U.S. inflation rate averaged 7.1% annually, while gold prices increased by an average of 30% per year.
2021-2023 Inflation Surge: In 2021-2022, global inflation spiked due to supply chain disruptions and post-pandemic recovery. Gold prices remained resilient, averaging $1,800−$2,000/oz, as investors turned to gold to protect against eroding purchasing power.
Gold’s Low Correlation with Other Assets
Gold has a low or negative correlation with stocks and bonds, making it an effective diversifier in a portfolio. During economic downturns, when equities and other risk assets typically decline, gold often performs well.
Correlation Data:
Gold vs. S&P 500: Historically, the correlation between gold and the S&P 500 has been close to zero or slightly negative.
Gold vs. U.S. Treasuries: Gold’s correlation with bonds is also low, making it a complementary asset in a diversified portfolio.
Gold’s Role in Currency Devaluation
Gold is priced in U.S. dollars, so when the dollar weakens, gold prices tend to rise. This makes gold a hedge against currency devaluation.
Example: From 2001 to 2011, the U.S. dollar index (DXY) fell by approximately 33%, while gold prices rose by over 600%, from around $250/oz to a peak of $1,920/oz in 2011.
Central Bank Demand for Gold
Central banks around the world hold gold as part of their reserves to diversify away from fiat currencies and reduce reliance on the U.S. dollar. This institutional demand supports gold prices during economic uncertainty.
Fact: In 2022, central banks purchased 1,136 tons of gold, the highest level of annual demand since 1950. This trend continued into 2023, with central banks adding 228 tons of gold in Q1 alone.
Gold’s Long-Term Performance
Over the long term, gold has consistently preserved wealth and outperformed many other asset classes during periods of economic instability.
Fact: From 1971 (when the gold standard was abandoned) to 2023, gold prices have increased from $35/oz to over $1,900 /oz, representing an annualized return of approximately 7.8%.
Gold’s Liquidity and Universality
Gold is a highly liquid asset that can be easily bought or sold in global markets. It is universally recognized as a store of value, making it a reliable hedge in times of crisis.
Fact: The global gold market is one of the largest and most liquid markets, with an average daily trading volume of over $150 billion.
Gold’s Performance During Geopolitical Crises
Gold tends to perform well during geopolitical tensions or conflicts, as investors seek safety.
Example: During the Russia-Ukraine war in 2022, gold prices surged to $2,070 /oz in March 2022 as investors fled to safe-haven assets.
Why Gold is a Top Hedge
Preserves Wealth: Gold maintains its value over time, especially during inflation and currency devaluation.
Performs Well in Crises: Gold has historically risen during economic downturns, stock market crashes, and geopolitical tensions.
Diversifies Portfolios: Its low correlation with other assets reduces overall portfolio risk.
Central Bank Support: Institutional demand for gold provides a strong floor for prices.
Liquidity and Universality: Gold is easy to trade and recognized globally as a store of value.
Key Numbers to Remember:
2008 Financial Crisis: Gold rose 25% while the S&P 500 fell 56%.
1970s Stagflation: Gold surged 2,300% from $35 to $850/oz.
2020 Pandemic: Gold hit an all-time high of $2,075 /oz.
Central Bank Demand: Over 1,100 tons of gold purchased in 2022, the highest since 1950.
Gold’s historical performance and unique characteristics make it one of the best hedges against economic downturns, inflation, and market volatility. Including gold in your portfolio can help protect your wealth during uncertain times. LINK
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 3-13-25
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SENATE BANKING COMMITTEE VOTES TO ADVANCE STABLECOIN BILL, COLLECTING SUPPORT FROM BOTH DEMOCRATS AND REPUBLICANS
▪️The bill would establish a regulatory framework for stablecoins and create standards for when stablecoin issuers would be regulated by the state or the federal government.
▪️Some Democrats, including Sen. Elizabeth Warren, have expressed unease toward the bill.
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SENATE BANKING COMMITTEE VOTES TO ADVANCE STABLECOIN BILL, COLLECTING SUPPORT FROM BOTH DEMOCRATS AND REPUBLICANS
▪️The bill would establish a regulatory framework for stablecoins and create standards for when stablecoin issuers would be regulated by the state or the federal government.
▪️Some Democrats, including Sen. Elizabeth Warren, have expressed unease toward the bill.
The Senate Banking Committee voted to advance a monumental stablecoin bill, advancing it to the full Senate and gaining support from Democrats along the way.
Introduced in February by Sen. Bill Hagerty, R-Tenn., the "GENIUS Act" (Guiding and Establishing National Innovation for US Stablecoins) aims to create a regulatory framework for stablecoins, defining when issuers fall under state or federal oversight. It has bipartisan support from Democratic Sens. Angela Alsobrooks of Maryland and Kirsten Gillibrand of New York.
. Democrats Sens. Mark Warner and Andy Kim were among others to support the bill
"The GENIUS Act is a bipartisan step forward in ensuring stablecoins are safe and reliable tools in the financial system," said Senate Banking Committee Chair Tim Scott, R-S.C., at the beginning of Thursday's markup.
A handful of lawmakers in Washington have worked on a bill to regulate stablecoins for years, but those efforts, like other crypto-related bills to regulate the industry, have not come to fruition.
Now, almost two months into Donald Trump's presidency, Congress is seemingly prioritizing crypto, including investigating claims of industry-wide debanking and repealing the controversial "DeFi Broker rule."
Work is also underway in the House to regulate stablecoins. Though the GENIUS Act is not a companion to the House's version, lawmakers say it shows an effort among Republicans to work on key issues.
The GENIUS Act has garnered support from some in the crypto industry, including the Blockchain Association which called the bill "a thoughtful step forward for commonsense, response guardrails for stablecoin innovation," in a post on X on Wednesday.
On the other side of the aisle, some Democrats have expressed unease toward the GENIUS Act. Sen. Elizabeth Warren's staff circulated a memo outlining their opposition to the bill, which they say "fails" to protect consumers, competition and national security, according to Politico. The memo also includes arguments that the bill would allow firms, such as big tech companies, to issue their own currencies, Fortune reported.
Warren offered several amendments on Thursday, including one involving firms being able to issue their own stablecoins. Big tech billionaires like Elon Musk could use their own currencies to compete with the U.S. dollar, Warren said.
"My most pressing concern is Elon Musk's attempt to build an empire that rivals the power of most nation states," Warren later added.
In the past, some Democrats have been critical of companies' previous plans to launch a stablecoin. Meta Platforms, formerly Facebook, looked to launch stablecoin Libra, later renamed Diem, a few years ago, but quickly prompted concern among regulators and lawmakers who were hesitant about a stablecoin with ties to the social media company.
The committee voted 13-11, therefore not agreeing to Warren's amendment.
Tensions flare
Sen. Catherine Cortez Masto raised concerns over Democrats showing up to the markup and holding a quorum for the committee but not Republicans.
"We're taking the time to talk about our amendments, but there's no debate," the Nevada Democrat said. "And there's some very good amendments here by the way, and I'm hopeful that we have a good product coming out of here, but it is the Democrats now holding the quorum here instead of the Republicans."
Cortez Masto called the bill a "great start" but said it was not ready for prime time.
"There are many that want to provide a good product at the end of the day, but it looks like to me — the die is already cast, you get what you get," she said.
Sen. Warren called the markup a "show trial" and criticized the lack of debate. However, Warren also showed willingness to work on the bill and said it had a "strong base."
"This feels like show trial here that we get up and we read our little part about each of the amendments and the Republicans, clearly a majority of the Republicans have already decided their vote without even hearing anyone make an argument for why this might be an amendment that would be appropriate for this bill," Warren said.
Sen. Bill Hagerty, one of the authors of the bill, countered and said the bill had gone through a "very robust bipartisan process."
"We're going to continue to work to improve this," he said. "I've already acknowledged my willingness to do that here today to the extent that there are additional technical corrections, or in many cases, valid issues are being raised that I think are far more appropriate for a market structure piece of legislation."
In the House, Rep. Stephen Lynch, D-Mass., criticized the GENIUS Act on Tuesday during a hearing focused on stablecoins and said it needed to be amended "vigorously."
"I read the GENIUS Act over in the Senate — I'm a little weary about anything called genius coming out of the United States Senate — but there were so many problems with that and I'm hopeful, hopefully my colleagues, Mr. Hill, and others will amend that vigorously because it had huge, huge problems," Lynch said
@ Newshounds News™
Source: The Block
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TREASURY MET WITH THREE CRYPTO FIRMS TO DECIDE CUSTODY OF BITCOIN RESERVE
Firms including Anchorage Digital are advising the U.S. government on best practices for safeguarding billions of dollars worth of crypto assets.
The U.S. Treasury Department held meetings this week with top executives from three crypto custody firms to discuss safeguarding the country’s Strategic Bitcoin Reserve, sources familiar with the matter told Decrypt.
Anchorage Digital was one such custodian that met with Treasury Department officials on Monday, according to multiple sources with direct knowledge of the matter.
When asked about the meeting, Anchorage CEO Nathan McCauley told Decrypt that government officials asked him detailed questions about best practices for custodying a national Bitcoin reserve and digital asset stockpile. McCauley said the officials also inquired about how custody could impact stablecoins and market structure, two hot-button topics currently before Congress.
“The Treasury Department is asking all the right questions,” the Anchorage CEO told Decrypt. “It’s clear that Treasury officials are treating this move into the digital asset space with care, recognizing that the United States is quite literally writing history.”
The Treasury Department did not respond to a request for comment on this story.
A Capitol Hill source with knowledge of the meetings told Decrypt the Treasury Department is in the early stages of figuring out how best to tackle questions of security involved in the U.S. government indefinitely holding billions of dollars worth of digital assets.
“I don't think they have a view yet, and they're trying to figure out what their view is going to be,” they said. “But they are actively seeking additional information from industry participants on the best way to custody the strategic reserve and the stockpile.”
The source elaborated that key decision makers in the industry appear to be in favor of one or multiple third parties assisting with custodying the U.S. government’s Bitcoin reserve in the interim, with the long-term goal of the government eventually self-custodying when ready.
Self custody refers to the practice of independently holding crypto in cold wallets accessed with private keys, as opposed to relying on third parties to manage the assets.
The national digital assets stockpile, however, will consist of a wide variety of seized crypto assets on various blockchain networks, and therefore will likely be permanently custodied by a third party.
How are the nearly 200,000 BTC in the government’s possession currently being held? Last summer, the U.S. Marshals Service announced it had tapped Coinbase to custody its large cap digital asset holdings.
When asked by Decrypt whether the company currently custodies the U.S. government’s Bitcoin, however, a Coinbase representative declined comment, pointing only to a recent, vague X post on the subject by Coinbase CEO Brian Armstrong.
In the post, Armstrong boasts that his company “works with 145 government entities in the U.S. and 29 government entities outside the U.S.” and that Coinbase has seen increased interest in its custody services following President Donald Trump’s announcement establishing a Bitcoin Reserve.
During an event in Washington held Tuesday by the Bitcoin Policy Institute, BitGo CEO Mike Belshe, Casa CEO Nick Neuman, and Anchorage Digital’s Nathan McCauley convened a panel on “Safeguarding America’s Bitcoin.”
During the talk, the executives opined as to the current state of the government’s current BTC stash, which is worth some $16.4 billion at writing.
“It’s maybe sitting in a closet at the U.S. Marshals Office,” Casa’s Neuman said.
“Or in a drive at somebody’s desk,” BitGo’s Mike Belshe added.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
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Economist’s “News and Views” Thursday 3-13-2025
Gold Nears the $3,000 Level Again
Arcadia Economics: 3-13-2025
With the gold futures now above $2,950, it's almost as if last week's selloff is a distant memory.
And with PPI wholesale prices rising in line with expectations this morning, we may not be far off from seeing the gold price crack the $3,000 level.
Gold Nears the $3,000 Level Again
Arcadia Economics: 3-13-2025
With the gold futures now above $2,950, it's almost as if last week's selloff is a distant memory.
And with PPI wholesale prices rising in line with expectations this morning, we may not be far off from seeing the gold price crack the $3,000 level.
CRASH... THE WORLD ECONOMY IS FREE-FALLING. (AND YOU ARE A CASUALTY OF WAR).
Greg Mannarino: 3-13-2025
The Enemy’s Plan to Seize YOUR MONEY “Is RIGHT on Schedule,” Warns Jekyll Island Author
Daniela Cambone: 3-13-2025
Everything is on schedule for our enemies," says G. Edward Griffin, author of The Creature from Jekyll Island.
In this exclusive interview with Daniela Cambone, Griffin argues that politicians who repeatedly make promises but fail to deliver substantial change ultimately leave people worse off over time.
"The American people now have made the president a king… We are in trouble, not because of the enemy but from the inside of our nation."
Griffin also envisions a future where traditional money may cease to exist, replaced entirely by digital currency or digits—drastically altering how economic systems function.
Watch the interview now to learn how you can navigate these turbulent times.
00:00 Ideology fights
10:52 Executive orders
12:11 Creating fear
14:41 CBDC ban
17:02 Fort Knox gold auditing
19:00 Cashless society
22:00 Turning point
23:26 Gold movement
25:05 System collapse
28:14 How to stop the system from collapsing
30:09 Health
Seeds of Wisdom RV and Economic Updates Thursday Morning 3-13-25
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SEC VS RIPPLE: XRP LAWSUIT WRAPPING UP AS NEGOTIATIONS REACH FINAL STAGE—REPORT
Ripple’s high-stakes legal battle with the SEC may soon end, as negotiations reportedly center on vacating a key ruling that imposed a $125 million fine.
SEC vs. Ripple Nears Settlement? Report Suggests a Resolution Is Closer Than Eve
The U.S. Securities and Exchange Commission (SEC) case against Ripple regarding the sale of XRP could be nearing its conclusion, according to recent reports. The lawsuit, which has lasted over multiple years, has been a major point of contention in the cryptocurrency industry.
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SEC VS RIPPLE: XRP LAWSUIT WRAPPING UP AS NEGOTIATIONS REACH FINAL STAGE—REPORT
Ripple’s high-stakes legal battle with the SEC may soon end, as negotiations reportedly center on vacating a key ruling that imposed a $125 million fine.
SEC vs. Ripple Nears Settlement? Report Suggests a Resolution Is Closer Than Eve
The U.S. Securities and Exchange Commission (SEC) case against Ripple regarding the sale of XRP could be nearing its conclusion, according to recent reports. The lawsuit, which has lasted over multiple years, has been a major point of contention in the cryptocurrency industry.
Fox Business journalist Eleanor Terrett reported on social media platform X on March 12 that two sources indicated the case is in the process of wrapping up and may soon reach a resolution.
“Two well-placed sources tell me that the SEC vs. Ripple case is in the process of wrapping up and could be over soon,” she shared, adding:
My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August district court ruling, which imposed a $125M fine on the company and included a permanent injunction preventing the company from selling XRP to institutional investors.
“The argument, I’m told, is that if the new SEC leadership is wiping the enforcement slate clean for all previously-targeted crypto firms because it believes regulatory clarity will resolve the underlying issue, why should Ripple still be penalized?” she explained.
“Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing — but now the SEC itself is seemingly unsure whether any wrongdoing occurred.”
Terrett noted that Ripple’s argument revolves around the SEC’s shifting stance on cryptocurrency regulation. With new leadership at the agency reportedly reconsidering enforcement actions against crypto firms, Ripple contends that it should not be penalized for alleged past violations.
Since there is no precedent for this kind of legal situation, the case may be taking longer to resolve than other crypto-related enforcement actions.
Earlier this month, lawyer James Murphy, known as Metalawman on X, similarly speculated that the delay may stem from Ripple’s efforts to negotiate vacating Judge Torres’ decision rather than the SEC. While the ruling largely favored XRP holders, he noted that findings of securities law violations and an injunction could hinder Ripple’s future plans, such as an exempt securities offering or an IPO. Murphy suggested the SEC might have agreed to a settlement involving both parties dropping their appeals and Ripple paying a $125 million fine, but Ripple may be seeking better terms.
The SEC sued Ripple in December 2020, alleging it conducted an unregistered securities offering by selling XRP. The case has since become a pivotal legal battle in U.S. cryptocurrency regulation. However, the agency itself is undergoing substantial changes, with many crypto-related enforcement cases, such as those against Coinbase, Kraken, and Robinhood, being dropped.
The regulator’s stance on crypto appears to be shifting following the departure of former SEC Chair Gary Gensler. Under the new leadership, the SEC has established a task force to reassess its approach to crypto regulation. This shift may have influenced the negotiations between Ripple and the SEC as they work toward a resolution.
@ Newshounds News™
Source: Bitcoin News
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TEXAS DOUBLES DOWN ON CRYPTO WITH NEW $250 MILLION BITCOIN RESERVE BILL
Texas' second crypto bill seeks to enhance state and local government participation in digital asset investments.
Texas has introduced a second crypto reserve bill, marking another significant step toward integrating Bitcoin into its financial framework.
According to a document released on March 11, the proposed legislation, HB 4258, seeks to allocate up to $250 million from the state’s economic stabilization fund for Bitcoin and other digital assets.
This marks the second attempt by the state to establish a digital asset reserve, following the earlier SB 778, which recently secured bipartisan support in the Senate.
Unlike the previous proposal, HB 4258 explicitly caps investment and extends participation to municipalities and counties, allowing them to allocate up to $10 million to digital assets. If approved and signed into law, the bill would take effect on Sept. 1, 2025.
Texas’ push for a Bitcoin reserve aligns with broader trends across the US, where 21 states are exploring similar frameworks at different legislative stages. Some states have active proposals, while others are still conducting evaluations.
President of the Texas Blockchain Council, Lee Bratcher, highlighted the state’s strategic position for Bitcoin adoption. He pointed to the Texas Triangle—Houston (energy), Austin (tech), and Dallas (capital markets)—as a convergence of industries that makes Bitcoin integration particularly viable.
Texas’ first Bitcoin bill
As previously stated, SB 778 focuses on integrating crypto into the state’s financial system by enabling tax payments and donations in digital assets.
It also seeks to impose a five-year restriction on selling state-owned Bitcoin. With Senate approval secured, the bill awaits a decision in the Texas House, expected by May 24.
Meanwhile, support for the initiative has been strong, with Texas Lieutenant Governor Dan Patrick calling the establishment of a Bitcoin reserve a strategic move that could set an example for other states.
He emphasized Bitcoin’s decentralized nature and finite supply, describing it as a valuable asset for Texas’ financial future. Patrick added:
“President Trump has stated unequivocally that he intends to make the United States the cryptocurrency capital of the world. His visionary leadership on Bitcoin and digital assets has paved the way for rapid American innovation, and Texas is leading the way.”
@ Newshounds News™
Source: CryptoSlate
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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 3-12-25
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IRAQ’S 2025 BUDGET WON’T REACH PARLIAMENT IN NEXT TWO MONTHS
Shafaq News/ Iraq’s government is unlikely to submit the 2025 budget tables to parliament within the next two months, a senior lawmaker said on Wednesday.
Ikhlas al-Dulaimi, deputy head of the Parliamentary Finance Committee, told Shafaq News that the Finance Ministry had yet to send the budget tables to the cabinet, despite a legal requirement to do so by October 2024 for approval before the new fiscal year.
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IRAQ’S 2025 BUDGET WON’T REACH PARLIAMENT IN NEXT TWO MONTHS
Shafaq News/ Iraq’s government is unlikely to submit the 2025 budget tables to parliament within the next two months, a senior lawmaker said on Wednesday.
Ikhlas al-Dulaimi, deputy head of the Parliamentary Finance Committee, told Shafaq News that the Finance Ministry had yet to send the budget tables to the cabinet, despite a legal requirement to do so by October 2024 for approval before the new fiscal year.
"The total budget amounts to 216 trillion dinars (about $165B), while actual expenditures are estimated at around 160 trillion dinars (about $122,)" al-Dulaimi said, ruling out the possibility of sending the tables to parliament soon, which could push the approval process into Iraq’s election period.
In February, Iraq’s parliament passed the first amendment to the federal general budget law for the fiscal years 2023–2025, originally enacted as Law No. 13 of 2023.
@ Newshounds News™
Source: Shafaq
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AMERICA MUST BACK PRO-STABLECOIN LAWS, REJECT CBDCS — US REP. EMMER
Emmer called CBDCs a “threat to American values” and reintroduced the Anti-Surveillance State Act to block a federal digital dollar.
US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing, while calling central bank digital currencies (CBDC) a threat to American values.
On March 6, Emmer reintroduced the CBDC Anti-Surveillance State Act in the House of Representatives. Emmer renewed his call for Congress to pass the legislation at the March 11 hearing. The legislation aims to block future administrations from launching a US CBDC without explicit approval from Congress.
“CBDC technology is inherently un-American,” Emmer said at the hearing, warning that allowing unelected bureaucrats to issue a CBDC “could upend the American way of life.”
On Jan. 23, President Donald Trump signed an executive order prohibiting “the establishment, issuance, circulation, and use” of a CBDC in the US. Emmer said that the legislation he reintroduced could “prevent a future administration from creating such an obvious tool for financial surveillance against its own citizens” if signed into law, citing concerns about privacy and financial independence.
At the same hearing, Paxos CEO Charles Cascarilla urged lawmakers to create consistent stablecoin regulations across jurisdictions to avoid regulatory arbitrage. Paxos, a significant issuer of stablecoins, recommended clear guidelines and reciprocal rules with global regulators:
“We want to make sure we have the same set of rules in the US as we have around the world so that there isn’t some arbitrage that is possible to issue from another jurisdiction. And by having that same set of rules that everyone has to meet in order to access the US market, it will actually create a race to the top, not a race to the bottom.”
Emmer, a Minnesota Republican, also criticized inherent privacy risks associated with CBDCs, saying that stablecoins could bring traditional finance onchain at a global scale while reserving privacy:
“This underscores why we must prioritize pro-stablecoin legislation alongside anti-CBDC legislation.”
Against the backdrop of rapid pro-crypto developments, a report by the Center for Political Accountability (CPA) raised concerns about the growing political influence of crypto companies in the US and potential risks to regulatory stability.
Cryptocurrency firms shelled out a cumulative $134 million on the 2024 US elections in “unchecked political spending,” which presents some critical challenges, the March 7 report said.
@ Newshounds News™
Source: CoinTelegraph
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"Wait for my post" Isaac
Once Isaac has been funded he will post the word "VICTORY"
“But understand I do not have contacts." Isaac
"I have buyers, the us treasury, DOD, Admiral , HSBC several big platforms that I have signed contracts with all and they paid already for the inspection several times" Isaac
Isaac's Room Link
Isaac Website Link
Read more Living Room Link
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