The Plan to Destroy Dollar and Reset System: Andy Schectman

The Plan to Destroy Dollar and Reset System

Liberty and Finance:  4-16-2025

While the stock market grabs headlines, a silent revolution is happening in the precious metals market. According to Andy Schectman of Miles Franklin, precious metals are quietly surging, with gold potentially hitting a historic high of around $3,300 per ounce.

Yet, this significant milestone is being largely ignored by the mainstream financial media. In a recent interview with Liberty and Finance, Schectman delves into the reasons behind this “stealth rally” and what it might signify for the future of the U.S. dollar.

Schectman argues that the lack of media attention is no accident.

He suggests the U.S. government might be strategically downplaying gold’s rise to pave the way for a drastic devaluation of the dollar, a move that could alleviate the crippling weight of the country’s massive debt.

But who is driving this surge in precious metals? Schectman believes it’s not the average investor. Instead, he points to the “big boys” – central banks, hedge funds, and sovereign wealth funds – as the primary forces behind the gold market’s upward trajectory.

 These institutional investors, with their vast resources and deep understanding of global finance, are strategically positioning themselves for what they foresee as imminent financial instability.

For those looking to protect their wealth and potentially profit from the coming changes, Schectman highlights silver as a particularly compelling opportunity.

 He positions silver as the most undervalued asset class, currently trading at a historically depressed price relative to gold. Investing in silver, he suggests, is a strategic hedge against systemic financial risk and a calculated bet on an eventual correction of the gold-to-silver ratio.

Schectman argues that silver’s undervaluation represents a significant opportunity for investors. He believes that as gold continues its upward trajectory, silver will inevitably follow.

 This is due to its industrial uses, which make it a more versatile commodity than gold, as well as its historical role as a monetary metal.

The implications of Schectman’s analysis are significant. If the U.S. government is indeed considering a dollar devaluation, it could have far-reaching consequences for the global economy. Inflation could skyrocket, eroding the purchasing power of ordinary citizens. Assets denominated in dollars could lose value, while those in alternative currencies or precious metals could see significant gains.

Schectman’s message is a stark warning, but also an opportunity. He encourages investors to take a proactive approach to protecting their wealth by considering precious metals, particularly silver, as a hedge against potential financial turmoil.

While the main stream media may be silent on this shift, the smart money is already making its move. It’s time for individual investors to pay attention to the quiet revolution happening in the precious metals market and consider their own strategies for navigating the uncertain financial landscape ahead.

https://youtu.be/WRoffN_Idc4

Seeds of Wisdom RV and Economic Updates Thursday Morning 4-17-25

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RIPPLE VS SEC LAWSUIT UPDATE: 60-DAY COURT PAUSE EXPLAINED

▪️The Ripple-SEC case is paused for 60 days, sparking speculation of behind-the-scenes developments.

▪️A crypto lawyer suggests Ripple and the SEC might be negotiating a settlement and seeking clarity on private token sales.

▪️The case's future hinges on potential agreements, Judge Torres' rulings, and could extend into late 2026 if no deal is reached.

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is taking yet another twist. While the U.S. Court of Appeals has agreed to pause the case for 60 days, this has sparked fresh speculation and raised new questions: Is something happening behind the scenes? Could a major shift be coming in one of crypto’s most closely watched legal fights?

Prominent crypto lawyer James Farrell has shared some insights that might offer clues – and they’re worth paying attention to.

Why the Pause?

According to Farrell, this pause may be a sign of major developments ahead. Both Ripple and the SEC asked for the pause together, which suggests they might be working on something behind closed doors.

Farrell says there are two possibilities in play: a potential settlement and an “indicative ruling” from Judge Analisa Torres. Ripple is hoping the judge will allow it to sell private tokens under certain conditions—something it’s currently not allowed to do because of past violations.

If Ripple isn’t allowed to sell tokens privately, it may not be able to go public any time soon. While other crypto companies might move ahead with IPOs, Ripple could be stuck waiting for years before launching its own.

Two Possible Paths Forward

Farrell explains that Ripple and the SEC might be considering two paths:

▪️Settlement Without Rule Change
Ripple could offer a settlement to the SEC. If the SEC accepts the deal but denies Ripple’s request to change the rules, the case would end. However, Ripple would still need Judge Torres to approve the rule change. That process could take another 3 to 6 months – and there’s no guarantee the judge would say yes.

▪️Full Agreement With Rule Change
In this option, the SEC agrees to both the settlement and Ripple’s request. The case would return to Judge Torres, who would then decide how to move forward. But even in this case, it could still take months, depending on how quickly the court acts.

How Soon Could This End?

If Ripple and the SEC reach a full agreement, the appeal could be dismissed as early as next month. But if Ripple has to file separately for rule changes, things could drag on much longer.

If no deal is made at all, the case could go back to the appeals court – possibly stretching the legal battle into late 2026 or even 2027.

The SEC is expected to make its next official move by June 15. Until then, both the crypto world and the legal community will be watching closely to see what happens next.

Ripple’s path forward might be uncertain, but the next few months could shape the future of crypto regulation in a big way.

@ Newshounds News™
Source:  Coinpedia

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CARDANO ENTERS BRAZIL THROUGH MAJOR UNIVERSITY COLLABORATION

The Cardano Foundation has formally announced a new partnership with the Pontifical Catholic University of Rio de Janeiro (PUC-Rio), a top-ranked Brazilian university renowned for its contributions to research and development.

The collaboration, revealed on April 15, will concentrate on the advancement and practical application of blockchain technology, specifically within the energy sector in Brazil.

Cardano Partners with Top Brazilian University

PUC-Rio is recognized as one of the top five private universities in the world for excellence in research and development, and it has a broad history of partnerships within the energy industry.

 The establishment of this collaboration follows previous cooperative efforts between PUC-Rio and the Brazilian state-owned enterprise Petrobras, as well as the Cardano Foundation’s own involvement with Petrobras on blockchain-driven initiatives.

Through this new endeavor, PUC-Rio’s Ledger Labs—a research group concentrating on the utilization of DLT in finance and business—will receive support from the Cardano Foundation to explore various aspects of blockchain implementation. 

According to official statements, the initial areas of focus will include blockchain economics, decentralized finance (DeFi), governance of decentralized autonomous organizations (DAOs), and digital assets.

“At the core of blockchain advancement are education and innovation. Through our collaboration with esteemed academic institutions like PUC-Rio, the Cardano Foundation ensures that the next generation of developers, industry leaders, and regulators can harness this transformative technology to its fullest potential—creating solutions that address real-world challenges and drive positive global impact,” Cardano Foundation CEO Frederik Gregaard commented.

The immediate emphasis of this alliance will be directed toward developing blockchain-based solutions that enhance production, consumption, and overall value chains in renewable energy fuels. Joint research and pilot projects in cooperation with Petrobras are expected to delve into specific methods of applying Cardano’s blockchain infrastructure to processes such as tracking and verifying energy outputs, optimizing workflows, and ensuring robust data integrity.

Ledger Labs at PUC-Rio will serve as the operational base for these studies. Leonardo Lima, Vice-Dean of the university and head of Ledger Labs, noted that the scope of the partnership will also encompass philanthropic endeavors geared toward social impact.

“Our partnership with the Cardano Foundation marks the beginning of the development of a series of use cases, not only in the energy industry but also in the field of philanthropy, with a focus on social impact projects,” he said.

Beyond the technological and scientific research, the partnership aspires to enrich PUC-Rio’s blockchain ecosystem by hosting joint events, supporting student-led social projects, and inviting other organizations to collaborate on emerging blockchain strategies. 

A significant part of this development will occur through A.L.B.A (Ada Labs for Blockchain Applications), an arm of Ledger Labs that is expected to integrate standards previously introduced at the Universidad Tecnológica Nacional (UTN) in Buenos Aires, Argentina.

The Foundation’s current expansion in Brazil reflects its growing footprint in the region. “Our partnership with PUC-Rio marks the Cardano Foundation’s second collaboration with a Brazilian entity this year. Last month, we announced our partnership with SERPRO, the world’s largest public IT company, and we have been collaborating with Petrobras, Brazil’s state-owned energy company, since 2023,” said Rafael Fraga, LATAM Business Development Lead for the Cardano Foundation.

@ Newshounds News™
Source:  Bitcoinist

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Seeds of Wisdom RV and Economic Updates Wednesday Evening 4-16-25

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SEC VS RIPPLE UPDATE: MOTION TO TEMPORARILY SUSPEND APPEAL GRANTED; WHAT NEXT FOR XRP PRICE?

▪️Closing the four-year legal battle opens a new chapter for XRP mainstream adoption, catalyzed by Ripple Labs’ payment products.

▪️XRP price must hold above the support level of about $2 to invalidate further market correction.

The Donald Trump administration has gradually fulfilled its promises made during the campaign period to the crypto ecosystem. The successful replacement of Gary Gensler with crypto-friendly SEC chair Paul Atkins has helped expedite the closure of several web3-related cases, including against Ripple and Binance exchange.

SEC vs Ripple Case Update

Earlier on Wednesday during the mid-North American trading session, James K Filan, a prominent defense lawyer, released court documents dated April 16 regarding the SEC vs Ripple appeal.

According to the court documents, Circuit Judge José A. Cabrenas granted a joint motion, filed by the U.S. SEC and Ripple to temporarily suspend their appeals amid the case closure.

“The parties jointly move to hold this appeal in abeyance, with the U.S. SEC directed to file a status report within 60 days of this order,” the court order noted.

Meanwhile, Ripple Labs agreed to pay a $50 million fine to settle the longstanding case.

XRP Price Analysis

After closing the first quarter in bearish sentiment, XRP has attempted to regain a bullish outlook in the past few weeks. The large-cap altcoin, with a fully diluted valuation of about $206 billion and a 24-hour average volume of about $3.45 billion, has been forming a potential reversal pattern in the daily timeframe.

The XRP price, against the U.S. dollar, has formed a possible inverse head and shoulders pattern, coupled with a bullish divergence of the daily Relative Strength Index (RSI). As a result, if the XRP price holds above the support level of around $2 and remains above the YTD falling logarithmic trend, a target of between $2.8 and $3 will be achievable.

@ Newshounds News™
Source:  Coinpedia

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PANAMA CITY TO ACCEPT CRYPTO FOR PUBLIC SERVICES

Panama City Mayor has said the Panama District municipality will become the first in the nation to accept cryptocurrency payments for services, following unanimous approval by the City Council.

Unanimous Approval

The Panama City Mayor Mayer Mizrachi announced on April 15 that the Panama District municipality will become the first in the nation to accept cryptocurrency as a form of payment for services. The decision follows a unanimous approval by the City Council.

According to Mizrachi, the new payment system will operate through an authorized bank that will handle the conversion of cryptocurrency payments into U.S. dollars for the Mayor’s Office. 

This mechanism aims to streamline the process and mitigate potential volatility associated with digital assets for the municipality’s finances.

“My dear City Council has unanimously approved an initiative initiated by the Mayor’s Office, which will allow all citizens to pay their obligations and taxes in crypto,” Mizrachi explained, highlighting the significance of this decision.

The mayor further stated that Panama, often considered Central America’s financial hub, was lagging behind in adopting this modern payment method. 

He clarified the legal framework, stating, “Legally, it’s simple: the Mayor’s Office receives dollars, but there’s an intermediary who receives the crypto, transforms it into dollars, and takes it to the Mayor’s Office.”

Mizrachi indicated that a formal announcement with further details will be made once the agreement with the partnering bank is finalized. He emphasized the broader implications of this decision, stating, “This allows for the free movement of cryptocurrencies throughout the economy and throughout government.”

Besides positioning itself as Latin America’s crypto hub, Panama introduced a draft bill aiming to regulate cryptocurrencies and establish a legal framework for blockchain-based services. The bill outlines licensing requirements for Virtual Asset Service Providers (VASPs) to register with Panama’s Financial Analysis Unit (UAF) and adhere to know your customer and anti-money laundering regulations.

If passed, this legislation could provide greater legal clarity and consumer protection while fostering innovation in Panama’s digital economy.

@ Newshounds News™
Source:  Bitcoin News

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 4-16-25

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OKLAHOMA KILLS BITCOIN RESERVE PROPOSAL IN SENATE COMMITTEE VOTE

Oklahoma’s attempt to become one of the first U.S. states to implement a Bitcoin reserve has come to an abrupt end.

In a tight 6-5 vote on Monday, the Senate Revenue and Taxation Committee struck down House Bill 1203, also called the Strategic Bitcoin Reserve Act, despite late momentum and a surprise vote reversal from Sen. Christi Gillespie.

Gillespie, who had planned to vote no “up until this afternoon,” changed her mind after “a couple of constituents” reached out.

"A lawmaker changed their ‘No’ vote to a ‘Yes’ because they heard from their Bitcoiner constituents!" tweeted Dennis Porter, CEO and co-founder of Satoshi Action Fund, urging Bitcoin reserve advocates to keep pressure on legislators. “Your voice matters!”

Still, the effort fell short in Oklahoma. The "no" votes came from Republican Senators Todd Gollihare, Chuck Hall, Brent Howard, and Dave Rader, along with Democrats Julia Kirt and Mark Mann.

Sen. Christi Gillespie voted YES on Oklahoma's Bitcoin Reserve Bill.

She states that "up until this afternoon", she was going to vote no.

However, she was convinced to vote yes by "a couple of constituents" that reach out and persuaded her.

Introduced by Rep. Cody Maynard in January, HB1203 would have allowed Oklahoma’s state treasurer to invest in Bitcoin and other qualifying digital assets, defined as any with a market capitalization above $500 billion for the past year. At present, only Bitcoin meets that threshold.

An earlier committee passed the bill in February by a wide 12–2 margin, setting up Monday’s high-stakes showdown.

State Bitcoin reserve efforts

With Oklahoma now out of the picture, New Hampshire, Texas, and Arizona have emerged as the top contenders in the race to become the first U.S. state to establish a strategic Bitcoin reserve.

It also marks the latest blow to such proposals, following recent rejections in Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming.

Meanwhile, on April 10, New Hampshire’s House passed HB302, a bill permitting up to 10% of the state’s general fund to be invested in Bitcoin and precious metals. The 192-179 vote sends the bill to the Senate for further consideration.

On the same day as New Hampshire’s vote, Florida’s House Insurance and Banking Committee unanimously passed HB487, which would allow up to 10% of certain state funds to be invested in Bitcoin.

Arizona, meanwhile, continues to lead in terms of legislative momentum. On March 24, the state’s House Rules Committee approved two complementary bills, SB1373 and SB1025, that proposed the Arizona State Treasurer invest public funds in Bitcoin.

The bills now await a full floor vote in the House. If they pass, the legislation will head to Governor Katie Hobbs for final approval.

On March 6, the Texas Senate passed SB-21, a Bitcoin strategic reserve bill, in a 25–5 vote after a contentious debate on the Senate floor.

At the moment, 47 State Bitcoin Reserve (SBR) bills have been introduced across 26 states, with 40 active bills still live in 20 states, as per the reserve tracker Bitcoin Laws’ data.

@ Newshounds News™
Source:  Decrypt

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BRICS: 2 COUNTRIES SETTLE OIL TRADE IN NEW CURRENCY, DISCARD US DOLLAR

China is doing everything possible to advance the de-dollarization agenda and dim the lights on the US economy. BRICS members China and Russia recently sidelined the US dollar to settle oil and gas payments in 2025. The development adds pressure on the US economy as developing nations are using new modes of payment and not the dollar.

Reducing dependency on the US dollar will lead to the currency facing deficits and bring inflation into the homeland. The USD needs to maintain its demand and supply mechanism in the forex markets and failing to do so can bring its doom.

BRICS: China & Russia Settle Oil Trade in New Currency

Trillion-dollar asset management firm VanEck recently confirmed that BRICS members China and Russia have settled oil payments using the leading cryptocurrency Bitcoin. This is a major step in advancing the de-dollarization agenda where the US dollar had a command in the oil and gas industry. “China and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets,” wrote VanEck.

VanEck also wrote that the new payment method using BTC for oil settlement “might be bullish for Bitcoin.” BRICS members China and Russia could usher into a new era where Bitcoin is the new payment method and not the US dollar.

The trillion-dollar management firm noted that even Bolivia is following the route of using cryptocurrencies for trade and transactions. “Bolivia has announced plans to import electricity using crypto. And French energy utility EDF is exploring whether it can mine Bitcoin with surplus electricity currently exported to Germany,” they wrote.

De-dollarization is now a major concern as the White House has imposed tariffs on over 185 countries. However, the Trump administration has now announced a 90-day pause in tariffs but the damage has already been done. The BRICS bloc is now more focused on bringing the US dollar down by not using it for oil transactions.

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Source:  Watcher Guru
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Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-16-25

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2 MAJOR KEY EVENTS ON APRIL 16: RIPPLE VS SEC SETTLEMENT AND POWELL’S SPEECH IMPACTING CRYPTO ASSETS

April 16, 2025 – Today marks a potentially pivotal moment in the crypto market as two high-stakes events unfold: the long-awaited conclusion of the Ripple vs SEC lawsuit and a key speech by Federal Reserve Chair Jerome Powell. Together, these developments could significantly influence investor sentiment and shape the near-term direction of crypto assets.

Ripple vs SEC lawsuit Update

After nearly a decade of legal wrangling, the Ripple vs SEC case may finally be over. April 16 was Ripple’s final deadline to file its appellate brief. With no extension granted, the only options were to either submit the filing or reach a settlement.

Sources close to the matter suggest that a settlement has been reached between Ripple and the SEC. As part of the reported agreement, the SEC has dropped its appeal, while Ripple has agreed to pay a $50 million fine and also withdraw its own counter-appeal.

Crucially, there will be no official declaration labeling XRP as a security, which many in the XRP community view as a significant win for the cryptocurrency.

According to Attorney Fred Rispoli on X, Ripple has only two options by April 16. He explained that Ripple cannot ask for more time, so they have only two options. Either they go ahead and file their appeal, which he believes has just a 10% chance, or they announce a settlement or withdrawal, which he thinks is much more likely, with a 90% chance.

 FED Chair Jerome Powell’s Speech

Later today, Federal Reserve Chair Jerome Powell is set to deliver a speech at the Economic Club of Chicago. With U.S. inflation easing and election-year pressure building, Powell’s comments may hint at the Fed’s outlook on future rate cuts.

The market currently expects:

▪️Two rate cuts in 2025

▪️Possibly starting in June or September

However, Powell has repeatedly emphasized caution, citing persistent inflation risks and global uncertainty.A dovish or hawkish tone could significantly influence Bitcoin, altcoins like XRP, and broader equity markets.

@ Newshounds News™
Source:  Coinpedia

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SOUTH KOREAN PRESIDENTIAL CONTENDER VOWS TO PUSH CRYPTO 'AS MUCH AS' TRUMP: REPORT

▪️South Korea’s presidential primary candidate for the right-wing party said he would reform crypto regulations “as much as” the Trump administration.

▪️He also vowed to increase investment into other disruptive technologies, including AI.

A candidate in the South Korean right-wing party's presidential primary pledged to revamp local regulations on blockchain and cryptocurrencies, according to local news agency Yonhap.

"To foster blockchain and virtual assets as an industry, I will reform regulations as much as the Trump administration in the United States," Hong Joon-pyo, a candidate for People Power Party's presidential primary, said during a policy announcement meeting on Wednesday, according to the report.

Hong, who served as mayor of Daegu city up until last week, said that he would work to incorporate blockchain technology into the public sector and administrative services.

Outside of blockchain and crypto, Hong also pledged to invest at least 50 trillion Korean won ($35.1 billion) over five years in research and development for AI, quantum technology and room-temperature superconductors, the report said, as part of his "growth driven by disruptive tech" initiative.

The prominent politician, with nearly 30 years of experience, had previously urged the South Korean government to adopt friendlier policies and regulations on crypto.

In 2021, Hong openly criticized the government's decision to tax cryptocurrency at the time, labeling the move retrogressive and urging the establishment of legal foundations to institutionalize emerging technologies, according to local news outlet Financial News.

South Korea's 20th President, Yoon Suk-yeol, was removed from office on April 4 after the Constitutional Court unanimously upheld the National Assembly's impeachment vote, prompted by his controversial declaration of martial law on Dec. 3, 2024.

With the June 3 presidential election less than two months away, neither of the two major political parties has yet nominated its candidate.

Hong is among eight candidates vying for the People Power Party's nomination. Meanwhile, Yoon's impeachment has given the opposition Democratic Party of Korea an advantage heading into the upcoming election.

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Source:  The Block

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Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-15-25

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XRP ETFS LIKELY NEXT TO GET SEC APPROVAL, BEATING DOGE AND SOLANA: KAIKO

XRP exchange-traded funds may be the next SEC-approved product that gives investors exposure to crypto, according to data firm Kaiko.

An XRP-focused exchange-traded fund is more likely to receive approval than other recently proposed spot funds tracking other major altcoins, market research firm Kaiko said in a report released Monday.

XRP's front-runner position comes because of the underlying token's high liquidity, said Kaiko. Spot volume for XRP on American exchanges recently hit its highest level since before a long-running lawsuit in 2020 led to delistings, Kaiko noted in its report. XRP is the fourth-largest cryptocurrency by market cap.

Kaiko added that the SEC's prior approval of a fund giving investors exposure to the coin also worked in XRP's favor. U.S. asset manager Teucrium Investment Advisors launched a 2x leveraged XRP ETF earlier this month.

"It's hard to argue against allowing a spot product when there's already an active ETF like this, which is highly levered and more risky than a vanilla spot ETF," Kaiko's Adam Morgan McCarthy told Decrypt.

Bitwise, Grayscale, 21Shares, CoinShares, and Canary Capital have all applied to list spot XRP funds. The applications and others for ETFs based on Solana, Litecoin, Cardano, and Dogecoin, among other tokens, reflect issuers' growing efforts to address demand for crypto investment products. Kaiko reported that a Solana-based fund was the next most likely after an XRP ETF to receive a regulatory greenlight.

XRP is a virtual coin created by the founders of fintech company Ripple. The SEC sued Ripple at the end of 2020, alleging that its team sold unregistered securities in the form of XRP.

@ Newshounds News™
Source:  Decrypt

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BRICS: WHEN BARACK OBAMA PREDICTED THE US DOLLAR’S FUTURE

When BRICS was formed in June 2009, former US President Barack Obama had predicted the future of the US dollar. Three months after BRICS was formed in 2009, Obama spoke in length about the USD highlighting its importance across the world. The former President revealed that investor’s confidence in the USD is high and will remain the same for many more years.

However, fast-forward 16 years to 2025, the geopolitical landscape has experienced a paradigm shift. Developing countries are advancing financially and competing with the US in tech, trade, and science.

BRICS is also looking to topple the US dollar giving Barack Obama’s 2009 prediction a reality check. The global financial markets are rapidly evolving with emerging economies looking to dominate the geopolitical spectrum.

BRICS: Barack Obama Had Predicted the US Dollar’s Future in 2009, Here’s What He Said

Former US President Barack Obama spoke about the US dollar’s future prospects when the BRICS alliance was launched in 2009. 

He explained that the USD is an extraordinary currency with immense faith and trust from the global investor community. “The dollar is extraordinarily strong right now,” President Obama said in November 2009.

And the reason the US dollar is strong right now is because investors consider the United States the strongest economy in the world with the most stable political system in the world,” said Barack Obama. However, in 2025, the political landscape is different and BRICS and other developing countries want to topple the US dollar.

Barack Obama’s prediction of the US dollar is now on shaky grounds as BRICS countries find the currency intimidating. The White House pressing sanctions on developing countries is what led the alliance to distrust the USD. Even former US Treasury Secretary Janet Yellen confirmed that sanctions gave way for de-dollarization.

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Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 4-15-25

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CRYPTO NEWS: TRUMP PLANS TO BUY BITCOIN WITH GLOBAL TARIFF REVENUE!

▪️Trump administration may use tariff revenue to buy Bitcoin, giving crypto investors fresh hope worldwide.

▪️Trump wants strategies to buy more Bitcoin without adding any extra cost for U.S. taxpayers.

▪️Bitcoin jumps 15%, trades above $85,000, and could soon hit the $90,000 resistance level.

As global tariff tensions heat up and financial markets stay shaky, crypto investors have found a surprising silver lining. The Trump administration has announced plans to use money collected from tariffs to buy Bitcoin—yes, you read that right. With Bitcoin already down 25% from its recent high, the timing has caught everyone’s attention.

Is the U.S. government really preparing to buy the dip?

Here’s what’s unfolding—and why it could shake up both politics and crypto.

Strategic Crypto Reserve In the Making

Last month, President Donald Trump signed an executive order to create a strategic cryptocurrency reserve. The plan involves using digital tokens the government already owns and finding new ways to expand those holdings. Trump has asked the Commerce and Treasury Secretaries to come up with budget-neutral strategies—meaning the government can buy more Bitcoin without adding to the national debt or raising taxes.

One idea being discussed in the White House is using tariff revenue to fund Bitcoin purchases. This would allow the U.S. to build its crypto reserves without borrowing money or asking more from taxpayers.

While still in the planning stage, this move shows that the government is open to fresh ideas about managing public funds.

Lummis Pushes the “Bitcoin Act of 2025”

Senator Cynthia Lummis is also stepping in with her proposal—the “Bitcoin Act of 2025.” She wants to revalue U.S. gold certificates, which are currently worth less than the real price of gold. Adjusting their value could free up extra funds that the government could use to buy Bitcoin and strengthen its crypto holdings.

Bitcoin Aims for $90K

Bitcoin is showing strength again after bouncing back from a recent dip. The price has jumped by 15% and is now trading around $85,350, with its market cap rising to $169 trillion.

Right now, Bitcoin is holding above $84,000 and staying strong above the 100-hour simple moving average. A rising trend line is also forming, with support around $85,200, suggesting buyers are still in control.

Looking ahead, Bitcoin faces resistance near $85,800, with the next major barrier at $87,200. If it breaks through these levels, the price could continue climbing—possibly reaching the $90,000 mark in the coming days.

@ Newshounds News™
Source:  Coinpedia

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BRICS: US DOLLAR KEEPS FALLING AS TRADE WAR FEARS GROW

The growing geopolitical tensions have only intensified in recent weeks amid the United States’ new Liberation Day tariff plan. Although it has been scaled back in a myriad of ways, the nation’s currency appears to be paying the price. In an interesting turn for the BRICS bloc, the US dollar has fallen again as trade fears grow.

Interestingly, US President Donald Trump had previously threatened the alliance with 150% tariffs due to their de-dollarization endeavors. The warning never actualized, but his stance on their policies was clear. Now, his efforts to balance trade for the nation have effectively done similar to the global reserve asset.

US Dollar Struggles as Trade Fears Look to Benefit BRICS Bloc

It has been a rather concerning month for the global economy. US President Trump has ushered in a strong America-first policy in the form of his new tariff plan. Subsequently, it has seen continued concern over the potential for increased geopolitical tensions.

As the United States and BRICS have continued their faceoff, the US dollar has continued to fall amid trade war concerns. Although it edged a bit higher on Monday, it approached the mid-way point of April, reaching a three-year low against the euro and Japanese yen. It approached oversold territory in its metrics and therefore, jumped slightly. Yet, it is still in a concerning position.

Investors have shown they are wary of the greenback with tariff turmoil still abounding. This is increasingly interesting when it comes to the BRICS bloc, as they have been the face of increased de-dollarization and gold buying. Subsequently, the latter has reached record highs above $3,200 this year.

“The uncertainty is now at an intolerable level for most businesses in international trade.” Adam Button of ForexLive told Reuters. “Right now, the market is taking a dim view of future US growth, and that has come through most clearly in the currency market.” Where this goes will be interesting, considering how important the dollar’s status was to President Trump when he was first elected in late 2024.

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Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Monday Evening 4-14-25

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NORTH CAROLINA BILL PROPOSES ALLOWING TAX PAYMENTS USING CRYPTO

▪️North Carolina lawmakers filed a bill that seeks to authorize the use of crypto for economic transactions, such as tax payments.

▪️The state has previously proposed bills to allow state investments in crypto.

North Carolina lawmakers have introduced a bill that seeks to allow the use of digital assets in tax payments and other economic transactions, marking the latest crypto-related legislative effort in the state.

Representative Neal Jackson filed H.B. 920, the Digital Asset Freedom Act, last Thursday with two co-sponsors.

"Digital assets are recognized as a valid medium of exchange in North Carolina," the bill said. "A transaction shall not be denied legal effect or enforceability solely because it uses a digital asset."

The Digital Asset Freedom Act outlines the criteria that digital assets must meet to be considered eligible. It requires a digital asset to have at least $750 billion in market capitalization and a daily trading volume of at least $10 billion to ensure liquidity and market depth.

The bill added that an eligible digital asset should have at least a 10-year track record of operating in an open market, with proven security and resistance to censorship.

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Source:  The Block

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BINANCE EXECUTIVES MET WITH US GOVERNMENT OFFICIALS TO DISCUSS EASING OF REGULATORY SUPERVISION: REPORT

Executives at Binance reportedly sat down with Treasury Department officials in March to discuss the possibility of relaxing the US government’s regulatory scrutiny of the world’s largest crypto exchange.

Citing people familiar with the matter, the Wall Street Journal reports that Binance wants the Treasury Department to remove one of the two monitors that oversee the exchange.

The US government is keeping a close eye on Binance after it pleaded guilty to having engaged in anti-money laundering (AML), unlicensed money transmitting and sanctions violations.

The Treasury Department appointed a monitor to ensure that Binance complies with anti-money laundering laws, but a spokesperson for the exchange says that monitors led to “inefficient and costly burdens.”

The report says that during last month’s meeting, Binance chief executive Richard Teng and Chief Legal Officer Eleanor Hughes asked Treasury officials to remove the monitorship, or reduce its duration and scope.

Binance’s executives are said to be optimistic that the Trump administration will greenlight the request.

According to WSJ, the meeting took place after Binance and representatives from the Trump family-backed crypto venture World Liberty Financial held discussions to list the project’s dollar-pegged stablecoin, USD1, on the crypto trading platform.

A spokesperson for World Liberty Financial says that the company is aiming for USD1 to be “accessible for millions globally.”

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Source:  The Daily Hodl

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SEC AND BINANCE FILE JOINT MOTION FOR ANOTHER 60-DAY PAUSE IN LEGAL DISPUTE

▪️The SEC and Binance have asked the judge overseeing their legal dispute to pause the case for 60 days as “productive discussions” continue.

▪️The pause would extend the current 60-day stay, which was approved in February.

▪️If approved, the parties will submit a joint status report at the end of the 60 days, in mid-June.

The Securities and Exchange Commission and Binance, the world's largest crypto exchange, have asked the judge overseeing their legal dispute to continue keeping the case on hold as lawyers on both sides hold "productive discussions."

According to a joint court filing submitted Friday, the SEC requested the pause be extended "...In light of these continued discussions and the time required for the staff to seek authorization from the [SEC] as necessary to approve any resolution or changes to the scope of this litigation." Binance's lawyers agreed that "...continuing the stay is appropriate and in the interest of judicial economy."

Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia granted the parties' original request to stay the case in February, following a similar joint motion. The approval of another 60-day pause would mean the next joint status report would land in mid-June.

Though some of the SEC's claims against Binance were partially dismissed by Judge Jackson last June, the majority of the claims were upheld, though it remains unclear how the changing leadership of the SEC will affect the case. Friday's filing references "discussions concerning how the efforts of the crypto task force may impact the SEC’s claims."

The SEC's crypto task force is headed by Republican Commissioner Hester Pierce and has been holding roundtables with industry figures in a move towards more transparent regulation of the crypto industry. 

"We invite builders, enthusiasts, and skeptics to engage with us to figure out what the final rules should be and what interim steps might help to foster innovation in the meantime," Pierce said in February, shortly after the task force's creation.

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Source:  The Block

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BRICS GIVES HUGE UPDATE: NON-MEMBERS CAN SETTLE TRADE IN NEW PAYMENT SYSTEM

Russian Foreign Minister Sergey Lavrov announced that Brazil, which chairs the next summit in July, has proposed to create a new payment system where non-BRICS members can settle trade and cross-border transactions without incorporating the US dollar for settlements.

If non-member countries begin settling trade with the new payment system launched by BRICS, the US dollar could enter the path of decline. The US dollar could lose out on the global supply and demand mechanism making other currencies lead the charge.

BRICS Provides Major Update: Non-Members Will Be Allowed to Trade in the New Payment System

Lavrov confirmed that the upcoming initiative by BRICS is to allow non-members to settle trade in the new payment system. “There are a number of other initiatives currently under consideration within the BRICS format.

One of them being a proposal by Brazil to create an alternative payment platform, with work underway on this track. I am confident that countries, even those outside BRICS, will have access to such mechanisms when they are created.”

He added that the new BRICS payment system will be independent and not rely on the Western financial mechanism. The platform will not depend on SWIFT, the US dollar, or the euro and pound, but will be an independent system. 

“There is an opportunity to form payment platforms independent of external influence. One example being the financial messaging system of the Bank of Russia. It is convenient, and it does not depend on any SWIFT network,” the minister noted.

It is not known when the new BRICS payment system will make its debut in the global financial markets. No further details about the new system have been revealed by the alliance. However, they will discuss the developments further in the upcoming 17th summit in July. The summit is scheduled to be held in Rio De Janeiro on July 7 and 8, 2025.

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Source:  Watcher Guru

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CLEAN CLOUD ACT' DRAFT BILL REQUIRES CRYPTO MINERS TO CUT EMISSIONS OR FACE FINES

▪️Senate Democrats introduced a bill Thursday that would set regional limits on the emissions from crypto mining facilities and AI data centers, imposing fines on facilities that surpass the cap.

▪️The regional caps would be reduced by 11% annually until reaching zero by 2035, requiring facilities to operate on 100% renewable energy, or face fines.

▪️The draft bill would also require facilities to submit detailed annual reports on electricity usage and sourcing to allow the EPA to calculate each facility’s emission intensity.

A draft bill dubbed the "Clean Cloud Act of 2025" introduced to the U.S. Senate by Democratic Senators Sheldon Whitehouse and John Fetterman seeks to curb emissions from crypto mining facilities and AI data centers, with the eventual goal of fining any facility using non-renewable energy sources by 2035.

The draft bill would amend the Clean Air Act to require data centers with more than 100 kW of energy capacity to meet emissions caps that vary by region, as laid out in the Department of Energy's National Transmission Needs Study.

The caps would be set by the end of 2025, and would lower by 11% each year until reaching zero in 2035. Facilities that exceed the emissions caps would pay inflation-adjusted fees based on how much their emissions exceeded the caps, and are forbidden from passing the costs off to customers.

The collected funds would be used to alleviate potential residential electricity cost increases through grants to local municipalities and also to fund clean energy deployment.

"Crypto & AI data centers can support clean energy, but they're burning more fossil fuels & driving up families’ energy prices instead," the X account representing the Democrats of the Senate Committee on Environment and Public Works wrote. "We can lead on AI & climate safety with [Whitehouse]’s Clean Cloud Act, which ensures that the industries profiting also pay their own way."

The facilities would also be required to make detailed annual reports about their electricity consumption and sourcing, allowing the EPA to calculate the greenhouse gas emission intensity of each facility, and evaluate any possible fines based on the regional caps.

The responsibility for paying the fines would be assigned to the tenants leasing the facilities, not the landlords, which could loop in startups renting server space to the reporting requirements and fines.

The bill will likely face opposition from Republicans in Congress. President Trump has expressed a desire for the United States to become the world's most significant Bitcoin mining power. President Trump's eldest sons are also planning to take their own Bitcoin mining company public, The Block previously reported.

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Source:  The Block

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SENATOR ELIZABETH WARREN LAUNCHES FRESH OFFENSIVE ON CRYPTO

▪️Senators Elizabeth Warren, Mazie K. Hirono, and Dick Durbin want the DoJ’s decision to terminate crypto investigations reversed.

▪️The Senators raise concerns over the DoJ’s shift in priorities, terming it a “grave mistake.”

▪️The lawmakers point out possible conflicts of interest, highlighting President Trump’s cryptocurrency ventures as potential beneficiaries.

Senators Elizabeth Warren (ranking member of the United States (US) Senate Committee on Banking, Housing, and Urban Affairs) alongside Mazie K. Hirono (senior member of the Senate Judiciary Committee) and Dick Durbin (ranking member of the Senate Judiciary Committee) led a team of six senators calling on the Deputy Attorney General Todd Blanche to recall and reverse the decision taken by the Department of Justice (DoJ) to terminate cryptocurrency investigations and prosecutions.

The decision reported by FXStreet was communicated to the agency’s staff in a memo and included information on the disbandment of the National Cryptocurrency Enforcement Team (NCET), which was established to investigate and prosecute people charged with the criminal misuse of digital assets.

Senators protest the DoJ decision to terminate cryptocurrency investigations

The Senators addressed their concerns in a letter sent to Deputy Attorney General Todd Blanche, raising concerns about a conflict of interest between the DoJ’s decisions and US President Donald Trump and his family’s cryptocurrency ventures.

According to the lawmakers, the memo gives “a free pass to cryptocurrency money launderers,” referring to the actions as “grave mistakes that will support sanctions evasion, drug trafficking, scams and child sexual exploitation.”

The DoJ memo outlined that the agency will no longer act on several federal laws targeting entities and institutions that deal with cryptocurrencies.

The list included mixing and tumbling services often utilized as conduits for hiding illegal assets and laundered money — proceeds from illegal activities like scams, drug trafficking, child sexual abuse and theft.

“Drug traffickers, terrorists, fraudsters, and adversaries will exploit this vulnerability on a large scale,” the Senators wrote, adding that “further increasing the risks posed by bad actors is your decision to disband NCET, which has coordinated a Department-wide effort to prosecute illicit activity involving cryptocurrency.”

Blanche’s memo indicated that the resolution to disband NCET would ensure that the DoJ “focus on other priorities, such as immigration and procurement frauds.”

The letter also stipulated that the shift in the DoJ’s priorities hints at the conflict of interest with President Trump and his family potentially selling cryptocurrency and avoiding “law enforcement scrutiny.”

The Senators concluded their letter by requesting Blanche to reconsider the decisions communicated in last week’s memo.

President Trump’s administration has implemented several major actions aimed at creating a crypto-friendly environment in the US. On January 23, an executive order was signed to foster regulatory clarity and ban central bank digital currencies (CBDCs).  On March 6, the President signed an executive order establishing a strategic Bitcoin reserve and digital assets stockpile.

Other actions taken by President Trump include establishing a crypto task force and spearheading a policy shift at the Securities and Exchange Commission (SEC). On January 23, the SEC canceled Staff Accounting Bulletin No. 121 (SAB 121), which made it difficult for institutions to hold and custody digital assets.

At the time of writing on Monday, Bitcoin (BTC) and other cryptocurrencies remain relatively elevated from early last week’s levels, which had been battered by President Trump’s reciprocal tariffs. The President suspended the tariffs for 90 days on Wednesday, triggering relief rallies in global markets, including crypto.

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Source:  FX Street

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SEC PUBLISHES DISCLOSURE GUIDANCE FOR CRYPTO ISSUERS

The US Securities and Exchange Commission (SEC) published guidance on the application of disclosure requirements to crypto-asset securities issuances. It acknowledged that this is an interim step while the SEC Crypto Task Force works on comprehensive guidance. Issuers are expected to comply for the issuance of debt or equity, or a crypto-asset token which is an investment contract at the point of issuance.

Commissioner Peirce has previously noted that many cryptocurrency tokens might be investment contracts subject to securities laws at the point of issuance, but subsequently evolve into commodities. Precisely how that transition is assessed remains to be seen.

The latest guidance might be described as a layman’s guide of what is expected in an S-1 filing, which is made for a securities issuance. However, there are a few points that will particularly impact crypto projects.

Securities: Disclosures that crypto firms need to adapt to

For example, we’ve seen a few crypto projects where the description appears overly technical. The SEC says the business description must be “presented in clear, concise, and understandable language, without overly relying on technical terminology or jargon.”

Some crypto projects have pseudonymous founders. The problem is someone who is extremely dodgy and has been convicted of crimes will embrace the opportunity to take on a pseudonymous persona. While the guidance doesn’t mention pseudonymous founders, it clarifies that officers have to be identified, including those that may not have formal roles but “perform policy-making functions”.

Beyond the very early stages, the issuers of most cryptocurrencies don’t know the identities of the token holders. But at the point of issuance they at least know their wallet addresses. Securities laws require there to be a record of ownership, and the issuer has to disclose where that record is held. This will require crypto firms to get more investor data at issuance and could prove tricky in the early stages of secondary market trading.

Another topic that many crypto firms don’t really address, is what happens if the project fails. Who has the rights to what? That’s something that securities disclosures demand. Additionally, many crypto projects when issuing tokens are often vague about who owns the equity in the issuer. Again, that does not fly in a compliant world.

These new disclosure expectations represent just one element of the SEC’s evolving approach to cryptocurrency regulation under the new leadership of Acting Chair Uyeda. The first action was to rescind SAB 121 that prevented banks from providing digital asset custody.

It has provided guidance on meme coins, crypto mining and stablecoins. Plus, it created a crypto taskforce, which held the first of several crypto roundtables, and it withdrew from various legal cases.

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Source:  Ledger Insights

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BRICS LAUNCHES INITIATIVE FOR INTERNATIONAL PAYMENTS SYSTEM

Amid increased geopolitical uncertainty, the BRICS alliance is taking action, as the bloc has launched an initiative for an international payment system. Indeed, Russian foreign minister Sergey Lavrov has announced the efforts for the bloc to create a payment system that rivals the Western-dominated SWIFT in a recent statement.

The efforts come as a global trade war appears to be inching closer. China, one of the original BRICS countries, is caught in a battle of increased tariffs with the United States that may soon create even more divide and disdain between the West and the Global South.

BRICS Launching New Payment System Initiative Amid Rising Global Tensions

The global economy has seen tension increase over the last two weeks. Specifically, the United States unveiled a new Liberation Day tariff plan, introducing a baseline 10% import duty on all nations. The move sparked concern and outrage, with several countries responding in kind.

The US stock market plummeted, with the economy’s fragility being placed front and center. So, the country opted to place a 90-day pause on the tariff for every nation outside of China. However, the presence of these economic policies has not come without preparatory actions by various nations. Among them is BRICS, which officially launched an initiative for an international payment system.

Russian official Sergey Lavrov discussed the project in a recent statement. “There is an opportunity to form payment platforms that are independent of external influence,” he said. “One of the options is the financial messaging system of the Russian Central Bank.”

Moreover, Lavrov added that the project would be “convenient and completely independent of SWIFT.” Additionally, he highlighted the presence of “several other initiatives under discussion, including within the BRICS framework.”

The proposal to create an alternative payment platform was proposed by Brazil, Lavrov confirmed. Indeed, Brazil is the 2025 BRICS chairman and has been outspoken in its de-dollarization hopes for much of the last several years. This move appears to be aligned with that perspective.

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Source:  Watcher Guru

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