Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-18-25
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SEC COULD AXE PROPOSED BIDEN-ERA CRYPTO CUSTODY RULE, SAYS ACTING CHIEF
Acting SEC chair Mark Uyeda said he’s asked his staff to look at possibly withdrawing a proposed crypto custody rule for investment advisers.
The US Securities and Exchange Commission could change or scrap a rule proposed under the Biden administration that would tighten crypto custody standards for investment advisers, according to the agency’s acting chair, Mark Uyeda.
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SEC COULD AXE PROPOSED BIDEN-ERA CRYPTO CUSTODY RULE, SAYS ACTING CHIEF
Acting SEC chair Mark Uyeda said he’s asked his staff to look at possibly withdrawing a proposed crypto custody rule for investment advisers.
The US Securities and Exchange Commission could change or scrap a rule proposed under the Biden administration that would tighten crypto custody standards for investment advisers, according to the agency’s acting chair, Mark Uyeda.
In prepared remarks to an investment industry conference in San Diego on March 17, Uyeda said the rule proposed in February 2023 had seen commenters express “significant concern” over its “broad scope.”
“Given such concern, there may be significant challenges to proceeding with the original proposal. As such, I have asked the SEC staff to work closely with the crypto task force to consider appropriate alternatives, including its withdrawal,” Uyeda said.
The rule was floated under the Biden administration during Gary Gensler’s tenure leading the regulator. It aimed to expand custody rules for investment advisers to any and all assets held for a client, including crypto, and upped the requirements to protect them.
This meant that investment advisers would have to custody their clients’ crypto with a qualified custodian. Gensler said at the time that investment advisers “cannot rely on” crypto platforms as qualified custodians due to how they operate.
The proposal caused friction with Uyeda and Commissioner Hester Peirce, along with industry advocacy bodies who claimed the rule was unlawful and dangerous.
“How could an adviser seeking to comply with this rule possibly invest client funds in crypto assets after reading this release?” Uyeda remarked at the time. He did, however, support the proposal despite disagreeing “with a number of provisions.”
Peirce, who was the sole commissioner of the five to vote against the rule, said at the time that the proposed rule “would expand the reach of the custody requirements to crypto assets while likely shrinking the ranks of qualified crypto custodians.”
Uyeda’s latest remarks come days after he said on March 10 that he had asked SEC staff “for options on abandoning” part of a proposal pushing for some crypto firms to register with the regulator as exchanges.
The Trump-era SEC has also killed a rule that asked financial firms holding crypto to record them as liabilities on their balance sheets, called SAB 121.
In December, President Donald Trump picked former SEC Commissioner Paul Atkins to take over from Uyeda to chair the agency. This is now a step closer, with a Senate hearing reportedly slated for March 27.
@ Newshounds News™
Source: Cointelegraph
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BITCOIN AND NASDAQ SLUMP WHILE GOLD HITS NEW HIGHS – MARKET TRENDS TO WATCH
▪️US stock indices (Nasdaq) have declined in early 2025, mirroring a drop in Bitcoin's value.
▪️Gold has surged, and Peter Schiff predicts further Nasdaq declines will drive Bitcoin down significantly, while gold rises.
▪️Schiff argues gold is a safer hedge than Bitcoin during market instability, predicting a major Bitcoin crash and gold surge.
Since the start of 2025, the Nasdaq Composite Index has dropped by 8.21 percent, while the Nasdaq 100 Index has fallen by 6.16 percent. Bitcoin hasn’t fared any better, sliding 11.25 percent. Meanwhile, gold is on a steady rise, gaining at least 15.1 percent.
With uncertainty gripping the markets, investors are scrambling for safe-haven assets. Gold advocate Peter Schiff believes this is just the beginning. He warns that if the Nasdaq enters a bear market, Bitcoin could plunge to 65,000 dollars—or even as low as 20,000 dollars. At the same time, he predicts gold could soar past 3,800 dollars as investors move away from riskier bets.
Let’s take a closer look.
Bitcoin Faces Growing Pressure
Over the past 30 days, Bitcoin has fallen by about 14.3 percent, including a 0.5 percent drop in just the last 24 hours.
Bitcoin skeptic Schiff warns that if the Nasdaq falls 20%, Bitcoin could drop to $65,000. He also points out that a deeper stock market crisis could pull the BTC price to a low of $20,000 or even lower.
Schiff sees similarities between today’s market and past financial downturns.
Could History Repeat Itself?
Schiff compares the current market to previous major crashes in the United States:
▪️In 2008, during the Global Financial Crisis, the Nasdaq fell 55 percent.
▪️During the COVID crash of 2020, it dropped by 30 percent.
▪️When the dot-com bubble burst, the market collapsed by 80 percent.
Based on these past trends, Schiff argues that Bitcoin is at risk of following the stock market downward.
Gold is Gaining Strength
At the start of this year, the gold spot price was $2,623.954. Since then, the gold market has registered a rise of no fewer than 15.1%.
Schiff notes that there is an inverse relationship between the US market and the gold market.
He forecasts that if the Nasdaq drops further, the price of gold could reach as high as $3,800 per ounce.
Bitcoin vs Gold: Which is the Better Hedge?
Schiff remains firm in his belief that Bitcoin is not a reliable hedge against stock market instability. If gold keeps rising while Bitcoin struggles, he believes many investors will turn away from Bitcoin in favor of gold.
He also warns that major institutional investors—including governments, ETFs, and companies like Strategy – may start reducing their Bitcoin holdings if its price continues to drop.
Will Gold Finally Outperform Bitcoin in 2025?
In conclusion, Schiff maintains that Bitcoin is headed for a major crash, while gold is poised to surge. While the crypto market has defied pessimistic predictions before, Schiff remains firm in his belief that gold will outperform Bitcoin in the long run.
Notably, in 2024, the gold market recorded a growth of just 27.21%, while the BTC market registered a rise of at least 121.28%.
History favors gold, but Bitcoin has rewritten the rules before. This showdown isn’t ending anytime soon.
@ Newshounds News™
Source: Coinpedia
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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-18-25
Good Afternoon Dinar Recaps,
RIPPLE’S NEW TRADEMARK FILING SPARKS SPECULATION ON UPCOMING CRYPTO WALLET
▪️Ripple's "Ripple Custody" trademark hints at new crypto asset storage and management services for institutions.
▪️With the crypto custody market set to hit $100B, Ripple’s move could expand its influence beyond payments into secure asset management.
Good Afternoon Dinar Recaps,
RIPPLE’S NEW TRADEMARK FILING SPARKS SPECULATION ON UPCOMING CRYPTO WALLET
▪️Ripple's "Ripple Custody" trademark hints at new crypto asset storage and management services for institutions.
▪️With the crypto custody market set to hit $100B, Ripple’s move could expand its influence beyond payments into secure asset management.
Ripple Labs, the blockchain company behind the XRP token, has officially filed for a new trademark for the word mark ‘Ripple Custody.’
The filing, submitted on February 25, 2025, with the United States Patent and Trademark Office (USPTO), includes a broad range of services. Ripple seeks to offer downloadable software for the custody, transmission, and storage of various currencies, including cryptocurrency, fiat currency, virtual currency, and digital currency. The trademark also covers financial services related to the safekeeping of these assets for financial management purposes.
Expanding into Crypto Custody Services
Ripple’s application includes offerings in multiple categories, including:
▪️Downloadable software for custody and transmission of various digital currencies.
▪️Custodial services, maintaining the storage and possession of digital and fiat currencies for financial management.
▪️Peer-to-peer network services, enabling the electronic transmission of financial data over networks for custody and storage.
▪️Software as a Service (SaaS), providing temporary online software for cryptocurrency custody, transmission, and storage.
Ripple’s recent trademark filing for “Ripple Custody” has sparked speculation about whether the company will launch a crypto wallet.
The filing shows that Ripple is focused on offering secure storage and management for digital assets. While it doesn’t directly mention a wallet, this move suggests Ripple may expand its services to include wallet features in the future, helping users and businesses manage their cryptocurrencies more securely.
The application is currently in its early stages, with a status of “New Application” and no examiner yet assigned. While the filing process can take several months, Ripple’s move into custody services could further bolster its position within the crypto ecosystem, expanding its reach beyond cross-border payments to secure asset management solutions.
Growing Market for Secure Digital Asset Custody
The global cryptocurrency custody market is expected to surge to $100 billion within the next decade, driven by growing institutional adoption and increasing regulatory clarity.
As the demand for secure asset storage solutions rises, Ripple’s strategic moves to expand in this space position the company well to meet the needs of institutional clients, who require secure custody services for their digital assets.
@ Newshounds News™
Source: Coinpedia
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US HEADING FOR ‘FUTURE UPHEAVAL’ DUE TO ITS EMBRACE OF CRYPTO, SAYS ECB GOVERNING COUNCIL MEMBER: REPORT
The Trump Administration’s embrace of crypto is reportedly putting international financial stability at risk, says Francois Villeroy de Galhau, a member of the European Central Bank’s (ECB) Governing Council.
Villeroy de Galhau tells the French news outlet La Tribune Dimanche that the US “risks sinning through negligence,” according to Bloomberg.
“Financial crises often originate in the United States and spread to the rest of the world. By encouraging crypto-assets and non-bank finance, the American administration is sowing the seeds of future upheavals.”
The ECB official, who serves as governor of France’s central bank, also argues that Europe isn’t at risk of a banking crisis because the European Union (EU) is doing a superior job of supervising crypto.
The ECB has also been pushing for a digital euro to counter US President Donald Trump’s embrace of dollar-pegged private sector stablecoins.
ECB board member Piero Cipollone said at a conference in January that Trump’s new executive order on crypto could drive people away from banks.
“I guess the key word here (in Trump’s executive order) is worldwide. This solution, you all know, further disintermediates banks as they lose fees, they lose clients… That’s why we need a digital euro.”
However, vocal opposition to the ECB’s digital euro project swelled after the institution’s payment system crashed last month.
TARGET2 (T2), the ECB’s real-time gross settlement system, went down in late February, which prevented payments from being processed for several hours.
German MP Markus Ferber, a member of the European People’s Party, says the outage was “a blow to the ECB’s credibility.”
“People will ask legitimate questions how the ECB will be able to run a digital euro when they cannot even keep their day-to-day operations running smoothly.”
@ Newshounds News™
Source: DailyHodl
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“Bits and Pieces “ in Dinarland Tuesday 3-18-2025
Gold Telegraph: The US Must Lead the Global Monetary Reset
3-18-2025
What’s the biggest wake-up call for the Western world right now?
The realization that, despite having world-class resources in their own backyards, they lack the infrastructure to refine them.
For too long, this truth has been ignored. People are now waking up.
Gold Telegraph: The US Must Lead the Global Monetary Reset
3-18-2025
What’s the biggest wake-up call for the Western world right now?
The realization that, despite having world-class resources in their own backyards, they lack the infrastructure to refine them.
For too long, this truth has been ignored. People are now waking up.
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Without vision, you are nothing. Visions gives purpose and purpose gives energy. Energy makes our world spin.
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BREAKING NEWS: THE RUSSIAN CENTRAL BANK HAS PROPOSED RESTRICTING CRYPTOCURRENCY TRANSACTIONS TO THE WEALTHIEST INDIVIDUALS
Time for a commercial break.
“Bank says proposal follows direct instructions from Putin…”
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BREAKING NEWS: SPOT GOLD CROSSES $3000.
It is like poetry at this point.
The US dollar is at a new record low vs. gold $3006.
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I asked one of the leaders at the world’s most valuable gold producers if we are on the cusp of a global monetary reset. Sean Boyd warned that the United States must lead, or its currency will be at risk.
As adversaries shift to gold and explore alternatives to the dollar, Western allies are starting to experience plenty of confusion. Sean mentioned we are in a potential world of inflation and recession.
https://twitter.com/i/status/1901830159952642122
https://dinarchronicles.com/2025/03/18/gold-telegraph-the-us-must-lead-the-global-monetary-reset/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says within hours oil can flow [into Turkey]. Why you asking me? FRANK: I didn't know it was already flowing or tested flowing or is about to flow in a few hours or can flow in a few hours. Dear God because if the oil flows, the exchange rate flows IMO. FIREFLY: My opinion is all related to the mechanism in this Article 12-2c. 12-2c will give us the new value...They are saying within hours oil can start...The budget table are coming. All is pointing to a Real Effective Exchange Rate IMO. FRANK: I agree Article 12-c holds the key, which is the new exchange rate.
MarkZ There are rumblings in some of the “Currency Groups” trying to buy up currency from other smaller groups. Not sure where the funds are coming from…but there seems to be a mad dash right now to consolidate. I am trying to get more information but this could be a huge sign. There is no way (IMO) that they would spend those dollars unless they believe they would shortly get them back. This is good news from the currency side of this.
Iraq IMF | World Bank | Rate & New Fears Facing the Iraqi People
3-18-2025
Iraq IMF | World Bank | Rate & New Fears Facing the Iraqi People - Iraq is taking significant steps to bolster its economy as Finance Minister Taif Sami meets with World Bank representative Jean-Christophe Carret to discuss vital projects aimed at job creation and infrastructure development.
This partnership opens up a crucial line of credit, ensuring funding for economic growth. Additionally, Iraq's meetings with the IMF in Amman highlighted a projected 5% growth in non-oil GDP by 2024, emphasizing the need for reforms to reduce oil dependence and attract foreign investment.
However, as the U.S. pivots focus towards other global challenges, Baghdad expresses concerns over military withdrawal and its implications for security and stability against Iranian influence.
$3000 Gold - What's Next? | Francis Hunt
Liberty and Finance: 3-17-2025
$25,000 or $50,000 or $55,000? The Big Gold Revaluation Will SHOCK the Entire World - Mario Innecco
$25,000 or $50,000 or $55,000? The Big Gold Revaluation Will SHOCK the Entire World - Mario Innecco
Money Sense: 3-18-2025
A revaluation would benefit the government by increasing the book value of its gold reserves, allowing it to expand its balance sheet, borrow more, and manage debt more effectively.
Additionally, it could incentivize increased mining production and boost gold imports. However, this move would weaken the U.S. dollar, as gold is priced in national currencies.
$25,000 or $50,000 or $55,000? The Big Gold Revaluation Will SHOCK the Entire World - Mario Innecco
Money Sense: 3-18-2025
A revaluation would benefit the government by increasing the book value of its gold reserves, allowing it to expand its balance sheet, borrow more, and manage debt more effectively.
Additionally, it could incentivize increased mining production and boost gold imports. However, this move would weaken the U.S. dollar, as gold is priced in national currencies.
Mario Innecco, a senior analyst, suggests that a significant revaluation of the statutory gold price could drive market prices as high as $50,000 per ounce. However, such an extreme adjustment could devalue foreign-held U.S. assets, potentially leading to economic tensions or conflict.
Currently, the value of U.S. gold reserves accounts for only about 2% of outstanding Treasuries, a stark contrast to historical figures of approximately 17% in the 1970s and nearly 40% in the 1940s.
Tavi Costa highlights that if the gold reserves were valued at 17% of outstanding Treasuries, gold would need to reach approximately $25,000 per ounce. If the ratio returns to 40%, gold could approach $55,000 per ounce.
While these figures are not direct price targets, they illustrate the potential for a significant gold valuation shift. Innceo explains that while no official decision has been made, potential legislation could increase fiat currency supply and higher inflation, likely driving gold prices up as investors seek safety against a declining dollar.
Recent economic data shows the U.S. dollar falling to 103.6, nearing five-month lows amid concerns about slow growth and trade uncertainties. February retail sales rose only 0.2%, below the expected 0.6%, following a revised 1.2% decline in January.
In this environment, gold has struggled to gain traction, trading just below all-time highs after briefly surpassing $3,000. The outlook appears bullish as inflationary pressures and economic uncertainties drive demand for safe-haven assets.
Mario Innecco suggests that the proposed Bitcoin Strategic Reserve Bill may cover significant changes related to gold, particularly in managing gold certificates held by the Federal Reserve. There is growing speculation that such a bill could be used to facilitate broader shifts in the U.S. financial system, potentially altering the role of gold and introducing new mechanisms for valuation.
One of the most ambitious proposals comes from Senator Cynthia Lummis, who suggested that the U.S. Treasury could swap some of its gold reserves for Bitcoin.
The United States holds approximately 8,100 tons of gold in its vaults, making it one of the largest gold holders globally.
If even a tiny fraction of these reserves were sold and converted into Bitcoin, the U.S. could amass a Bitcoin reserve of around one million coins—roughly 5% of the total Bitcoin supply that will ever exist.
This idea is notable because a gold-for-bitcoin swap could be done without affecting gold's official "book value" on the Treasury’s balance sheet. The Treasury values its gold at $42.2222 per ounce, a figure set in 1973 and never updated, resulting in a valuation of about $11 billion.
This is far below the current market price of around $2,900 per ounce. Revaluing its gold holdings could significantly enhance perceived value and create financial flexibility for alternative assets like Bitcoin.
Seeds of Wisdom RV and Economic Updates Tuesday Morning 3-18-25
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WILL PAUL ATKINS LEAD THE SEC? SENATE PREPS FOR HIGH-STAKES CONFIRMATION HEARING
▪️Paul Atkins' SEC confirmation faces delays due to financial disclosure issues linked to family.
▪️Senate Banking Chair Tim Scott schedules March 27 hearing to review Atkins’ nomination process.
▪️If confirmed, Atkins may take a crypto-friendly approach, unlike former SEC Chair Gensler.
Good Morning Dinar Recaps,
WILL PAUL ATKINS LEAD THE SEC? SENATE PREPS FOR HIGH-STAKES CONFIRMATION HEARING
▪️Paul Atkins' SEC confirmation faces delays due to financial disclosure issues linked to family.
▪️Senate Banking Chair Tim Scott schedules March 27 hearing to review Atkins’ nomination process.
▪️If confirmed, Atkins may take a crypto-friendly approach, unlike former SEC Chair Gensler.
Paul Atkins, President Donald Trump’s pick for U.S. Securities and Exchange Commission (SEC) chair, is finally moving closer to confirmation after months of delays. The Senate has now set a crucial hearing for March 27 – one that could determine the future of financial and crypto regulations in the U.S.
His nomination hasn’t been smooth sailing. But with momentum building, is he about to take the top job at the SEC? Here’s what you need to know.
Delays and Challenges in Atkins’ Confirmation
Atkins was nominated on December 4, but his confirmation has been delayed due to financial disclosure concerns. The Senate is closely reviewing his financial ties, particularly those linked to his wife’s billionaire family.
His wife’s family is associated with TAMKO Building Products LLC, a major roofing company that generated $1.2 billion in revenue in 2023. Because of these connections, Atkins’ financial holdings are complex and require careful scrutiny before he can be confirmed.
Senate Banking Committee Takes Action
Despite these challenges, Atkins is still expected to secure the position. Senate Banking Chair Tim Scott has scheduled a committee hearing on March 27 to move his nomination forward. Ahead of this, the Senate Banking Committee will hold a bipartisan meeting this Friday to discuss his potential role.
What This Means for Crypto Regulation
If confirmed, Atkins could bring a different approach to crypto regulation. Unlike former SEC Chair Gary Gensler, who was tough on the industry, Atkins is seen as more open to working with crypto firms.
With past experience as an SEC commissioner from 2002 to 2008 and a background as a corporate lawyer, Atkins is known for favoring clearer and fairer financial regulations. Many in the crypto industry hope his leadership will offer more stability and transparency.
Confirmation Process Finally Moving Forward
Atkins has been waiting nearly four months since his nomination—delays that are not unusual for SEC appointments. Both Gary Gensler and Jay Clayton also faced long waits before officially taking office.
If confirmed, Atkins could bring a fresh perspective to the SEC—one that could shake up crypto rules and financial oversight. Either way, all eyes are on March 27.
@ Newshounds News™
Source: Coinpedia
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SWISS CANTONAL BANK STARTS OFFERING CARDANO AND AVALANCHE TO MEET INCREASED DEMAND
Swiss bank Zuger Kantonalbank has added Cardano and Avalanche to its cryptocurrency offering through a partnership with crypto-focused bank Sygnum.
Zuger Kantonalbank, a Swiss universal bank, has expanded its cryptocurrency offerings to include Cardano Avalanche through a partnership with crypto-focused Swiss bank Sygnum.
In a blog announcement on March 17, Sygnum said the expansion was driven by “increased customer demand” amid what it described as growing regulatory clarity in the U.S. and E.U., as well as the establishment of a U.S. Strategic Bitcoin Reserve.
The bank’s fiat-to-crypto transactions are facilitated through Sygnum’s gateway, while Zuger Kantonalbank customers can access the service via e-banking and its mobile app.
Jan Damrau, head of corporate management and member of the Zuger Kantonalbank executive board, says the addition of ADA and AVAX enables the bank’s clients to “further develop their crypto portfolios conveniently with their principal bank – at a time when digital assets are approaching a global inflection point in terms of adoption.”
“The latest expansion of Zuger Kantonalbank’s token universe illustrates the strong demand for additional tokens with diverse use-cases to complement major protocols like Bitcoin and Ethereum.” Fritz Jost, Sygnum Bank chief B2B officer.
In early January, Sygnum raised $58 million in its Strategic Growth Round, pushing its value to over $1 billion and making it a “unicorn.” The funding round was oversubscribed, with Fulgur Ventures, a Bitcoin-focused venture capital firm, as the cornerstone investor. New and existing investors, along with Sygnum team members, also participated in the funding.
@ Newshounds News™
Source: Crypto News
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