Seeds of Wisdom RV and Economic Updates Friday Afternoon 2-14-25
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U.S. BANKS EYE CRYPTO CUSTODY AMID TRUMP’S PRO-CRYPTO SHIFT
The U.S. crypto scene is booming with President Donald Trump’s return, as his pro-crypto stance and push for clear regulations are sparking excitement on Wall Street.
In a recent update, Crypto reporter Yueqi Yang has shared insights on the growing involvement of U.S. banks in the crypto services sector. Notably, some large banks are leveraging regulatory changes under President Trump to enter the market, with a focus on cryptocurrency custody.
Seeds of Wisdom RV and Economic Updates Friday Morning 2-14-25
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TWO NEW FEDERAL LAWSUITS CHALLENGE TRUMP, MUSK AND DOGE ON CONSTITUTIONAL GROUNDS
WASHINGTON — More than a dozen state attorneys general and numerous current and former government employees filed lawsuits Thursday aiming to stop billionaire Elon Musk from shuttering federal agencies.
The two complaints allege the far-reaching power Musk has asserted under the so-called Department of Government Efficiency, or DOGE, is a violation of the Constitution’s Appointments Clause. The clause stipulates presidential appointments must come under the advice and consent of the U.S. Senate.
Seeds of Wisdom RV and Economic Updates Thursday Evening 2-13-25
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JUDGE REMOVES KEY LEGAL HURDLE FOR TRUMP’S PLAN TO TRIM FEDERAL WORKFORCE WITH DEFERRED RESIGNATIONS
WASHINGTON (AP) — A federal judge on Wednesday removed a key legal hurdle stalling President Donald Trump ’s plan to downsize the federal workforce with a deferred resignation program.
The Boston-based judge’s order in the challenge filed by a group of labor unions was a significant legal victory for the Republican president after a string of courtroom setbacks.
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-13-25
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TOP MUSK STAFFER TO INVESTIGATE IRS OPERATIONS: REPORT
Kliger, one of Musk's top employees, has been meeting with senior executives at the Internal Revenue Service, said sources.
Gavin Kliger, one of the top staffers working with Elon Musk in his efforts to overhaul the federal government, arrived at the Internal Revenue Service on Thursday to examine the agency's operations, according to two people familiar with the matter.
Seeds of Wisdom RV and Economic Updates Thursday Morning 2-13-25
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FED GOVERNOR: BANKS AND NON-BANKS SHOULD BE ABLE TO ISSUE STABLECOINS
Fed Governor Christopher Waller believes there should be a framework that allows banks and non-banks to issue regulated stablecoins.
According to a recent Bloomberg report, Waller stated that stablecoins have the potential to expand the reach of the U.S. dollar on an international scale. However, the scale and utility of stablecoins will depend on a clear set of regulations.
Seeds of Wisdom RV and Economic Updates Wednesday Evening 2-12-25
Good Evening Dinar Recaps,
CONGRESS EXPLORES SHORTCUTS FOR DIGITAL ASSET REGULATORY CLARITY, INCLUDING MARKET STRUCTURE
Yesterday the House Financial Services digital asset subcommittee held a hearing on charting a path forward on digital assets. There’s a consensus that stablecoin legislation is urgent, with multiple Bills circulating.
However, there’s also a need for legislation around market infrastructure, including regulating crypto exchanges. Last year the House passed the FIT 21 Bill, but there was less progress in the Senate. One of the topics discussed during the hearing was whether the SEC could provide a solution in the interim.
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-12-25
Good Afternoon Dinar Recaps,
COINSHARES XRP ETF: NASDAQ SAYS XRP IS HARDER TO MANIPULATE THAN BTC & ETH
▪️Nasdaq files with the SEC to list a CoinShares XRP ETF, citing the decentralized nature and massive liquidity of the cryptocurrency.
▪️The ETF would enable investors to gain exposure to XRP without directly holding the asset, boosting institutional adoption.
Nasdaq has entered the ETF race with a bold move to support XRP, filing with the SEC to list the CoinShares XRP ETF. According to the filing, Nasdaq argues that XRP’s decentralized network and vast liquidity pool make it even harder to manipulate than Bitcoin or Ethereum.
Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-12-25
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PRO-CRYPTO BRIAN QUINTENZ RETURNS TO CFTC AS TRUMP’S CHAIRMAN PICK
Former CFTC Commissioner Brian Quintenz is set to lead the agency again, signaling a shift in crypto regulation under the Trump administration.
Brian Quintenz, a former commissioner at the Commodity Futures Trading Commission, is expected to return as chairman following his selection by U.S. President Donald Trump, according to Bloomberg.
Is This the Biggest Heist of All Time?
Is This the Biggest Heist of All Time?
Notes From the Field By James Hickman (Simon Black) February 11, 2025
We recently received a question from a reader asking for my thoughts on crypto.
He said we’ve been talking about gold a lot lately, the gold price, and how the price could go a lot higher. Shouldn’t we hold the same views on crypto, given everything that has happened with Bitcoin over the last year or so?
We ended up doing a whole podcast about this today, We talk a lot about gold, and a lot about crypto. To clarify, I’m not anti-crypto. In fact, I brought Bitcoin to our audience’s attention back in 2013, when the price was under $100. But there are some differences to gold.
Seeds of Wisdom RV and Economic Updates Tuesday Evening 2-11-25
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AFTER PAUSING BRICS, SAUDI ARABIA INVESTS $600 BILLION IN THE US
Saudi Arabia was invited to join BRICS in 2023 but the Kingdom is yet to provide a decision on accepting the invitation. It has kept the decision to join the alliance on hold as it’s conducting business deals with the US.
The Kingdom of Saudi Arabia is reluctant to join BRICS as it needs the support of the US and other Western countries to fulfill its Vision 2030 mission. Ending reliance on the US will only hamper its financial prospects and lead to economic stagnation.
With Gold At an All Time High
With Gold At an All Time High, This Gold Company is Still Insanely Cheap
Notes From The Field By James Hickman (Simon Black) February 10, 2025
And almost on cue, gold is at another all time high today and rapidly closing in on $3,000 per troy ounce.
It’s not hard to understand why.
We’ve been talking about this for quite some time— foreign governments, central banks, and even some large foreign corporations now are trading their dollars for gold. And that’s going to have some unfortunate, negative consequences for the US.