Dinar Recaps 20 2/18/25 Dinar Recaps 20 2/18/25

“Bits and Pieces” in Dinarland Tuesday Afternoon 2-18-2025

Ariel : A Fort Knox Audit Could Set a Precedent

2-18-2025

Everyone probably too scared not to outright file their taxes. But since DOGE came along they are testing the extension feature for the 1st time just to see if the IRS survives the audit.

So the Deep State is trying to ship gold from London to the US more than likely to Fort Knox before DOGE has a chance to audit it. I guess they do not want them to discover the reported vs actual gold reserves.

Which of course if the general public found out by discovering a shortfall in gold reserves could lead to volatility in financial markets, affecting currency values and investor confidence. This plays well into a potential crash.

Ariel : A Fort Knox Audit Could Set a Precedent

2-18-2025

Everyone probably too scared not to outright file their taxes. But since DOGE came along they are testing the extension feature for the 1st time just to see if the IRS survives the audit.

Because revelations from an audit could prompt scrutiny of past and present monetary policies, especially those related to the gold standard and fiat currency. And D. Trump always said the artificial value if the USD was to high. So how do you bring it down?

Well it looks like Elon Musk is getting around to that. A Fort Knox audit could set a precedent, leading to calls for audits of other government assets and operations, potentially exposing mismanagement or malfeasance. Which sets the ground for Crypto.

Why? If gold reserves are found lacking, it will bolster the credibility and adoption of alternative assets like cryptocurrencies, which offer transparency through blockchain technology that everything will be scrutinized with.

A significant discrepancy in gold reserves could alter international perceptions of the U.S. economy, affecting geopolitical alliances and economic negotiations. Which will bring more attention to the fair trade policy D. Trump has been pushing.

There will be legal and political consequences from an audit leading to investigations, legal actions, and political upheaval, challenging the positions of those implicated in any potential cover-up. Which will be many.

Courtesy of Dinar Guru: https://www.dinarguru.com/

Babysmom NORMAL SCHEDULE FOR THE GAZETTE IS SATURDAYS AND WEDNESDAYS, IT WAS PUBLISHED IN A SPECIAL EDITION... THEY PUBLISHED AMENDMENTS THAT WERE APPROVED...IT MEANS THAT THEY AGREED UPON RATES FOR KURDISTAN AND OIL. NOW WE ARE JUST LOOKING FOR A RATE CHANGE.

Guru Militia Man The president of the republic [of Iraq] has signed the amendment to the budget law...It's waiting for the exposure of the exchange rate that's going to be in the Gazette. Does Alaq have a conversation with everybody before that or it it all around the same time? It's to be determined. Obviously they haven't moved oil at 1310. They haven't paid all the salaries at 1310. They haven't exposed the budget. Obviously they're doing something trying to keep it contained till down to the wire.

Fort Knox, Where Is The Gold? "This is ENORMOUS" - Mike Maloney

2-18-2025

Is there a secret gold-buying spree unfolding right under our noses? In this eye-opening video, Mike Maloney examines record-breaking gold inflows and the swirl of theories around Fort Knox, the Treasury, and the Federal Reserve.

Could the U.S. government be quietly accumulating gold to cover up potential shortfalls—or even to prepare for a seismic revaluation that could shake the global monetary system?

Dive into the controversial history of Fort Knox audits (or lack thereof), find out why silver demand is also skyrocketing, and see how market manipulation might be holding precious metals down.

This is one discussion you can’t afford to miss if you’re watching the future of money.

Highlights in This Video:

Shocking weekly inflows of gold (in both ounces and dollar value)

Speculation around Treasury or Federal Reserve gold-buying

Why Fort Knox audits are stirring so much controversy

The difference between book value ($42 per ounce) and real market value

The ripple effect on silver demand—and how it might affect prices

Join us to get the full breakdown and see what might be lurking behind the curtain of America’s gold reserves.

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

DINARRECAPS8 2/17/25 DINARRECAPS8 2/17/25

Seeds of Wisdom RV and Economic Updates Monday Evening 2-17-25

Good Evening Dinar Recaps,

ELON MUSK’S D.O.G.E. SET TO INVESTIGATE FORT KNOX’S $425B GOLD RESERVE

A groundbreaking D.O.G.E. investigation has catalyzed some more intense debate across multiple financial sectors after Elon Musk brought to the surface questions about the Fort Knox’s $425 billion gold stockpile verification process.

The Department of Government Efficiency (D.O.G.E.) has engineered a comprehensive review to verify whether Fort Knox actually maintains its reported 4,580 tons of gold, revolutionizing traditional Treasury oversight.

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How Elon Musk’s D.O.G.E. Investigation Could Impact Fort Knox’s Gold Reserves

Political Response and Bitcoin Alternative

The D.O.G.E. investigation has leveraged significant political momentum, with several key lawmakers spearheading support initiatives.

Senator Rand Paul said:

“Nope. Let’s do it”

Senator Cynthia Lummis had this to say:

“Bitcoin fixes this. A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

This pivotal D.O.G.E investigation comes after Senator Lummis created the groundbreaking Bitcoin Act, which aims at creating a strategic reserve formed out of 1 million Bitcoins, which would be optimizing a whopping amount of 5% of the total BTC supply.

The initiative deploys secure Bitcoin vaults operated through some sophisticated Treasury protocols. This would be leveraging the existing Federal Reserve and Treasury resources.

How States Use & Their Own Gold

Several major states have spearheaded their own cryptocurrency initiatives while Fort Knox discussions continue at the federal level.

Pennsylvania, Texas, Wyoming, Arizona, and Wisconsin have engineered innovative state-based Bitcoin reserve strategies, catalyzing significant momentum for cryptocurrency adoption across various government sectors.

The Treasury has leveraged its existing 200,000 BTC holdings, primarily acquired through strategic asset seizures coordinated by US Marshals. Under the groundbreaking BITCOIN Act, these digital assets would be integrated into Treasury operations, pioneering a new era of national cryptocurrency reserves.

The Current Position of the Treasury

A pivotal inspection of Fort Knox was conducted in 2017 during Treasury Secretary Steve Mnuchin’s visit. The facility had remained sealed since 1974, when select journalists and lawmakers gained unprecedented access following widespread concerns about missing gold.

The vault’s sophisticated security architecture requires multiple authorized personnel for access, presenting ongoing challenges for comprehensive verification.

Also talking about gold reserves, Senator Lummis said:

“A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

@ Newshounds News™
Source: Watcher Guru

~~~~~~~~~

HESTER PEIRCE ON CRYPTO INDUSTRY'S 5 BIGGEST CONCERNS

The SEC's lead Crypto Task Force regulator talks early action.

President Trump made big crypto promises on the campaign trail. With Gary Gensler gone and the SEC now under new management, his administration stands ready to deliver on the agenda with digital asset regulatory clarity.

Hester Peirce – an outspoken advocate for digital asset liberties and regulatory restraint – joined David Hoffman to discuss the implications of changing agency leadership on crypto’s future.

Day one of the Trump Administration saw Commissioner Peirce appointed as head of the SEC’s freshly formed Crypto Task Force, and its first move was rescinding SAB 121, a controversial accounting policy that restricted financial institutions from offering crypto custody services.

Although Gary Gensler’s relentless trickle of crypto lawsuits traumatized industry participants and discouraged engagement with American regulators, Commissioner Peirce hopes to build healthy relationships with crypto projects and encourage experimentation through practical solutions that uphold regulation.

We didn’t get all the answers, but it was certainly refreshing to hear a lead crypto regulator finally engaging with the industry! Here’s how Hester responded to the crypto industry’s top 5 pressing concerns.

1 Regulatory Clarity for Tokens
One of the biggest shifts is the potential retroactive regulatory relief for token issuers. Peirce outlined a roadmap whereby projects that issued tokens in the past can gain legal clarity by providing disclosures and agreeing to certain conditions.

For years, the SEC's aggressive stance against tokens has discouraged transparency, leaving many projects afraid that disclosures could be used against them in future enforcement actions. Commissioner Peirce hopes to flip that dynamic by encouraging voluntary disclosures.

2 No-Action Letters
Peirce discussed the no-action letter process, which allows companies to request an official statement from the SEC confirming that a specific activity will not result in an enforcement action.

The SEC continues to solicit input from the crypto industry on how these processes should work, as it did under Gensler, and interested parties can reach out directly to provide feedback via the email: crypto@sec.gov.

3 Securities Laws and Crypto
Historically, being labeled a security has been a death sentence for crypto tokens in the U.S. due to the regulatory burdens it imposes. But does it have to be that way?

Peirce acknowledged that while some crypto assets will clearly fit within securities laws, the industry needs new frameworks to accommodate decentralized networks.

She also touched on meme coins, stating that just because something is popular doesn’t necessarily make it a security, but warned individuals against assuming that the SEC (or any regulator) will act as a safety net for those making speculative bets.

4 Airdrops and Retail Access to Crypto
Crypto projects often exclude U.S. citizens from their airdrops over fears they could become embroiled in legal troubles with securities regulators.

While Commissioner Peirce didn’t provide a definitive answer on airdrops, she signaled that the SEC is working on clearer guidance and encouraged projects to submit scenarios to the Crypto Task Force so they can better understand what the industry needs.

Additionally, Peirce indicated openness towards modernizing American financial regulations and expanding private market access through novel investor accreditation standards.

5 The SEC’s Relationship with the CFTC
Under previous leadership, the SEC and CFTC had an almost territorial fight over which agency would regulate crypto. Peirce expressed optimism that this will change, emphasizing that collaboration between regulators is now a priority.

Rather than seeking jurisdictional dominance, Commissioner Peirce hopes regulators will work together to create frameworks that actually make sense for crypto markets.

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Source: Bankless

Link to the Podcast: Bankless

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DINARRECAPS8 2/17/25 DINARRECAPS8 2/17/25

Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-17-25

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SILVER PRICES SURGE TO HIGHEST LEVELS SINCE OCTOBER, EYEING $35 MARK

Silver prices surged to $33 per ounce on Friday, hitting their highest since late October at $33.41, fueled by factors driving gold to record highs. Analysts suggest silver may challenge its 10-year peak of $34.87, though some remain cautious due to the metal’s volatility and its lag behind gold in 2024.

Silver has gained 14% in 2025 after rising 21% in 2024, supported by rising U.S. Comex futures prices amid concerns over a potential U.S. trade war due to proposed import tariffs.

Good Afternoon Dinar Recaps,

The March silver contract increased 3.3% to $33.79. The premium between CME futures and London spot prices has caused market volatility, drawing significant inflows into COMEX-approved warehouses. CME silver stocks surged 22% to 375.8 million ounces since November 24, when President Trump announced tariffs on Mexico and Canada, later delayed until March.

Copper prices also hit a three-month high, supporting silver. Meanwhile, London Bullion Market Association data revealed an 8.6% drop in silver inventories to 23,528 tons in January, the largest monthly decline since 2016.

Despite bullish trends, analysts caution against silver's volatility, noting its price movements often exceed gold’s by 2-2.5 times. Technical concerns arise as silver traded between $22-35 in 2024 compared to $19-27 in 2023.

Industrial demand, comprising half of silver’s usage, could face challenges if a trade war hampers global growth. Additionally, fewer U.S. Federal Reserve rate cuts and slowing Chinese growth may pressure silver prices further.

The silver market's volatility and external economic factors will likely continue to influence its trajectory, with investors closely watching its attempt to reach the $35 threshold.

@ Newshounds News™

Source: Economic Times

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BREAKING: ELON MUSK’S DOGE LAUNCHES SEC PROBE AS RIPPLE LAWSUIT NEARS END

In a latest development, Elon Musk’s DOGE has announced audit into the SEC for fraud, abuse and waste. The cryptocurrency community is closely watching this development, particularly as the SEC’s lawsuit against Ripple is nearing its conclusion.

The DOGE_SEC account has urged the public to share information about the SEC’s actions. “DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud, and abuse,” the account posted.

This move has sparked heated debates among legal and financial experts. In reaction to this, Coinbase’s Chief Legal Officer, Paul Grewal, suggested a rule requiring the SEC to pay legal fees for defendants who successfully fight its lawsuits. Other voices from the crypto community have also raised concerns about the SEC’s actions, especially over its ongoing litigation with Ripple.

Besides, Ripple’s CLO, Stuart Alderoty, responded to SEC’s ongoing scrutiny, saying, “I have the receipts,” suggesting that crucial documents tied to the case could soon be made public. However, it remains to be seen if this could bring a swift end to the Ripple vs. SEC case.

@ Newshounds News™

Source: Coinpedia

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TETHER SEEKS INVOLVEMENT IN U.S. STABLECOIN REGULATIONS

Tether has been in talks with U.S. lawmakers behind the STABLE Act. The firm aims to get more involved in shaping U.S. stablecoin legislations.

According to FOX Business reporter Eleanor Terrett, Tether has been in discussions with Rep. Bryan Steil and Republican Chair of the House Financial Services Committee, French Hill, regarding stablecoin regulations in the U.S.

Steil and Hill confirmed to Terret that the world’s largest stablecoin issuer has been engaging actively on the discussion draft for the new bill, Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act.

The bill is set to require stablecoin issuers to gain permission from the Office of the Comptroller of the Currency and back their crypto to traditional fiat currency, short-term U.S. Treasury bills, or central bank reserves.

CEO Paolo Ardoino said that the firm plans to comply with the U.S. regulations for stablecoin, however it may turn out.

“We are not going to just throw in the towel and let Tether die just for the sake of not adapting to U.S. legislation,” said Ardoino.

This means that if the STABLE Act comes to pass, Tether will need to commit to maintaining one-to-one asset backing for its tokenized fiat and conduct monthly reserve audits through a U.S.-based accounting firm.

According to Terret, Tether has been criticized for its lack of transparency, namely due to accusations that the firm has never received a full audit. Instead, the stablecoin firm provides quarterly reports from its financial books published by global accounting firm BDO.

Furthermore, JP Morgan analysts predict that Tether will have to sell some of its Bitcoin holdings to comply to the new requirements, citing that the stablecoin firm only has 66% to 83% of the required amount to back its crypto supply.

Ardoino stated that his team aims to get involved in shaping all regulatory frameworks for stablecoins in the U.S. to ensure that they have a say in the legislative process.

“We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard,” said Ardoino.

In the past week, there have been three stablecoin bills introduced in the House and the Senate.

Aside from the STABLE Act, there was also the GENIUS Act, a bipartisan bill introduced by the Senate team that includes an author of the Bitcoin reserve proposal, sen. Cynthia Lummis. The bill regulates stablecoins with a market cap over $10 billion.

Additionally, Democratic Rep. Maxine Waters on the House Financial Services Committee, introduced a proposal for stabelcoin oversight involving the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve.

On Feb. 13, Federal Reserve Governor Christopher Waller said that stablecoins have the potential to strengthen the U.S. dollar’s domination on a global scale.

However, he believes that the stablecoin market still requires a regulatory framework that directly addresses stablecoin risks and enables banks and non-banks to issue stablecoins.

Last year, Fed Chairman Jerome Powell also claimed to fully support the creation of a stablecoin framework in a meeting with the House Financial Services Committee.

@ Newshounds News™

Source: Crypto News

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DINARRECAPS8 2/17/25 DINARRECAPS8 2/17/25

Seeds of Wisdom RV and Economic Updates Monday Morning 2-17-25

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BREAKING: SENATOR LUMMIS SAYS ‘A BITCOIN RESERVE COULD BE AUDITED ANYTIME 24/7 WITH BASIC COMPUTER’

▪️Senator Cynthia Lummis pushes for Bitcoin reserves in the U.S. to boost transparency and stability in financial policy.

▪️Lummis leads Bitcoin integration efforts, with states like Texas eyeing strategic Bitcoin reserves. Could this reshape U.S. economic policy?

Good Morning Dinar Recaps,

Senator Cynthia Lummis an advocate for Bitcoin and financial innovation, has called for the United States to update its national reserves to include Bitcoin.

Lummis, who represents Wyoming in the U.S. Senate, believes that a Bitcoin reserve could be audited 24/7 with just a basic computer, offering transparency and stability for the U.S. financial system.

According to Bitcoin Magazine, she said, “A bitcoin reserve could be audited any time 24/7 with a basic computer. It’s time to upgrade our reserves.”

As the new chair of the Senate Banking Subcommittee on Digital Assets, Senator Lummis is pushing for legislative changes to integrate Bitcoin into U.S. economic policy. She has consistently advocated for regulatory clarity and Bitcoin-friendly policies.

In a recent discussion, Lummis also opened up about the growing interest in Bitcoin reserves, not just within the U.S., but also from other countries like the United Arab Emirates.

Lummis shared that states like Pennsylvania, Texas, and Wisconsin are already considering creating their own strategic Bitcoin reserves, signaling a trend that could eventually influence federal policy. She said that states often act as incubators for innovation, and that a state-level Bitcoin reserve could serve as a model for broader adoption.

Lummis Leads Charge for Bitcoin Integration

As part of her advocacy, Lummis will be discussing the role of Bitcoin in U.S. reserves and its potential to stabilize the nation’s finances at Bitcoin 2025, a key event for the cryptocurrency community. She encouraged Bitcoin supporters to engage with lawmakers and work towards making a state the first to adopt a strategic Bitcoin reserve.

Senator Lummis remains optimistic about Bitcoin’s future, seeing it as an asset that could help reduce the U.S. national debt and provide a hedge against inflation. She envisions Bitcoin playing a crucial role in protecting the U.S. dollar’s position as the world’s reserve currency.

@ Newshounds News™

Source: Coinpedia

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TRUMP ADMIN ADVISER MEETING WITH FEDERAL RESERVE CHAIRMAN ‘REGULARLY’

Investors are patiently waiting for interest rate cuts to fuel risk-on-asset markets amid high inflation and macroeconomic uncertainty.

Kevin Hassett, the director of the National Economic Council — a White House advisory board to President Trump — disclosed that he is now having “regular” meetings with Federal Reserve chairman Jerome Powell.

During a recent appearance on CBS’ Face The Nation, the host asked Hassett if his meetings with the Federal Reserve chairman were to influence interest rates. The White House adviser responded:

“Jerome Powell is an independent person. The Federal Reserve’s independence is respected. The point is the president’s opinion can also be heard — he is the president of the United States.”

The adviser added that long-term rates have already come down since the Trump administration took office, citing a 40 basis point reduction in 10-year Treasury rates as evidence that the market believes inflation is coming down.

Lower interest rates are a bullish catalyst for cryptocurrencies and other risk-on asset classes, as access to cheap credit encourages market participants to borrow capital to purchase investments and businesses.

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Source: CoinTelegraph

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DINARRECAPS8 2/16/25 DINARRECAPS8 2/16/25

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-16-25

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SEPARATION OF POWERS IS ON TRIAL IN THE US

WASHINGTON, Feb 14 - Donald Trump has put the constitutional separation of powers in the United States on trial. Federal judges have for now blocked many of his administration’s early moves, from ending birthright citizenship to removing health and science websites, setting up a larger battle at the Supreme Court.

Threats from the president and his allies to ignore adverse judicial rulings risk a historic rupture in American governance and law.

Good Afternoon Dinar Recaps,

Threats from the president and his allies to ignore adverse judicial rulings risk a historic rupture in American governance and law.

Since taking office last month, the White House has attempted to freeze $3 trillion in government loans and grants, shut down entire agencies like the Consumer Financial Protection Bureau, and fired Senate-confirmed officials whose terms have not expired, without cause.

Previous Republican administrations, including Trump’s first, wanted to achieve similar goals. But they did not attempt the president’s current strategy because it flatly contradicts the U.S. Constitution and the text of existing statute.

Congress controls federal appropriations, and the 1974 Impoundment Control Act strictly delineates the executive’s role in disbursing those funds. Officials have virtually no discretion to block payments.

The Supreme Court may yet give the commander-in-chief his way. The court’s nine justices, three of whom were appointed by Trump, have already expanded executive powers. They could choose to further tilt the balance in favor of the president, effectively weakening Congress.

Some conservatives on the court favor overturning a 1935 ruling, opens new tab that limits the president’s ability to fire a Senate-confirmed official. Trump is challenging that by removing minority-party commissioners on the National Labor Relations Board, among others. A ruling in his favor might make it easier to target bigger fish, like the Federal Reserve chair.

A more immediate danger is that the Trump administration undermines legal judgments. When federal courts blocked the funding freeze and restricted access to sensitive payment systems for lieutenants of Elon Musk, the Tesla boss called the judge “corrupt” and the White House said judges were “abusing their authority.”

The American Bar Association, opens new tab on Monday condemned the “wide-scale affronts to the rule of law itself”. At other times, Trump has said he will comply with court orders.

The true crisis would be if Trump decides to ignore court rulings and congressional mandates.

That’s no far-fetched scenario: administration officials have sought to find ways around an edict to unblock all frozen grants, opens new tab to government contractors and non-profit organizations, ProPublica reported.

Meanwhile, Trump this week instructed the Department of Justice to stop enforcing the Foreign Corrupt Practices Act, which punishes Americans who bribe officials overseas.

Laws are meaningless, and ultimately unenforceable, if those in power choose to ignore them. An unaccountable executive branch combined with neutered judicial and legislative branches would hobble companies, organizations, nations, and individuals who depend on the promises of the federal government, as well as the open markets and society that are the bedrock of U.S. stability and prosperity.

@ Newshounds News™

Source: Reuters

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MUSK WANTS RON PAUL TO AUDIT THE FED - Video- 9 min

@ Newshounds News™

Source: The Hill

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JUST IN: 🇺🇸 Senator Rand Paul calls on Elon Musk's DOGE to audit US gold reserves at Fort Knox to ensure it's still there.

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Source: Watcher Guru

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Isaac posted the following message in our Telegram Living Room on Valentine's Day:

"Hello happy valentine 💘 I will have great news Tuesday (February 18th) and will post in my room , things are developing and will have a confirmation by then, blessings ."

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Dinar Recaps 20 2/16/25 Dinar Recaps 20 2/16/25

GOLD-BACK RESET Accelerates Under Basel III Endgame

GOLD-BACK RESET Accelerates Under Basel III Endgame

Taylor Kenny: 2-16-2025

Basel III’s Endgame is here, but is it really about stabilizing banks, or is there a bigger agenda at play?

With gold creeping back to the center of the monetary system, the future of money could be on the verge of a historic transformation.

What is Basel III, and how could it reshape the global financial landscape?

Dive in to uncover the hidden implications for gold and the impact on the balance of power in the financial world.

GOLD-BACK RESET Accelerates Under Basel III Endgame

Taylor Kenny: 2-16-2025

Basel III’s Endgame is here, but is it really about stabilizing banks, or is there a bigger agenda at play?

With gold creeping back to the center of the monetary system, the future of money could be on the verge of a historic transformation.

What is Basel III, and how could it reshape the global financial landscape?

Dive in to uncover the hidden implications for gold and the impact on the balance of power in the financial world.

CHAPTERS:

0:00 Bank for International Settlements

1:28 Great Financial Crisis

3:10 Basel III & Physical Gold

5:13 Gold Demand

7:30 Dollar Failing

8:30 U.S. Balance Sheet

9:28 Prepare Today

https://www.youtube.com/watch?v=pvwoCvWBv60

DINARRECAPS8 2/16/25 DINARRECAPS8 2/16/25

Seeds of Wisdom RV and Economic Updates Sunday Morning 2-16-25

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IRS WILL LAY OFF THOUSANDS OF PROBATIONARY WORKERS IN THE MIDDLE OF TAX SEASON

WASHINGTON (AP) — The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar with the agency’s plans, and cuts could happen as soon as next week.

This comes as the Trump administration intensified sweeping efforts to shrink the size of the federal workforce, by ordering agencies to lay off nearly all probationary employees who had not yet gained civil service protection.

Good Morning Dinar Recaps,

It’s unclear how many IRS workers will be affected.

Previously, the administration announced a plan to offer buyouts to almost all federal employees through a “deferred resignation program” to quickly reduce the government workforce. The program deadline was Feb. 6, and administration officials said employees who accept will be able to stop working while still collecting a paycheck until Sept. 30.

However, IRS employees involved in the 2025 tax season were told they will not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline, according to a letter sent recently to IRS employees.

It is unclear how many workers will be impacted by the layoff announcement plan. Representatives from the U.S. Treasury and IRS did not respond to Associated Press requests for comment.

Jan. 27 was the official start date of the 2025 tax season, and the IRS expects more than 140 million tax returns to be filed by the April 15 deadline.

The Biden administration invested heavily in the IRS through an $80 billion infusion of funds in Democrats’ Inflation Reduction Act, which included plans to hire tens of thousands of new employees to help with customer service and enforcement as well as new technology to update the tax collection agency.

Republicans have been successful at clawing back that money, and billionaire Elon Musk and his Department of Government Efficiency have called for the U.S. to “delete entire agencies” from the federal government as part of his to radically cut spending and restructure its priorities.

Elected officials are trying to fight against DOGE plans. Attorneys general from 14 states challenged the authority to access sensitive government data and exercise “virtually unchecked power” in a lawsuit filed Thursday.

The lawsuit, filed in federal court in Washington, says the actions taken by Musk at the helm of DOGE can only be taken by a nominated and Senate-confirmed official. It cites constitutional provisions that delineate the powers of Congress and the president.

@ Newshounds News™

Source: AP News

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XRP NEWS: MAJOR RIPPLE DEVELOPMENTS AND GLOBAL PARTNERSHIPS UNVEILED

▪️XRP surges as SEC acknowledges ETF filings, fueling speculation of a Ripple lawsuit resolution and massive market breakout!

▪️Ripple expands globally with major partnerships, rebrands focus on Web3, and boosts XRP adoption—biggest breakout ahead?

Under new SEC leadership, excitement is building around XRP as crypto exchange Bitrue hints at major developments. In a recent post on X, Bitrue urged the community to pay close attention, suggesting that something big is brewing.

The message quickly gained traction, sparking speculation about what’s driving the surge in XRP’s price and market activity. Investors are now eagerly watching for the next big move, as XRP continues to capture attention with a string of major events.

XRP ETF Frenzy Takes Over

One of the biggest drivers behind the excitement is the SEC’s unexpected attention to XRP ETF filings. On Thursday, the SEC officially recognized Grayscale’s XRP ETF application, triggering a strong 12% price rally, making XRP the best performer among the top ten cryptos.

The momentum didn’t stop there. The very next day, the SEC acknowledged another XRP ETF filing—this time from 21Shares—pushing XRP’s weekly gains to an impressive 17%.

The market response has been electric, with traders now eyeing the possibility of XRP reclaiming its all-time high of $3. The shift in the SEC’s stance is surprising, given its history of rejecting altcoin ETFs.

Is the Ripple Lawsuit Nearing Its End?

The ETF news has fueled speculation that the SEC might soon settle its long-running lawsuit against Ripple. Many believe that the shift in regulatory behavior—especially under acting chairman Mark Uyeda—could pave the way for a resolution.

Ripple’s New Look and a Change in Strategy?

In the meanwhile, Ripple has also done some major transformation, rebranding its website to focus on its vision of the “Internet of Value.” The refreshed site highlights its work in cross-border payments, digital asset custody, and stablecoins like Ripple USD (RLUSD). However, one notable change stands out—Ripple has removed all references to Central Bank Digital Currencies (CBDCs).

This move is giving positive vibes to the market with changing U.S. regulations on cards. Alongside the rebrand, Ripple has also emphasized its $600 million investment in Web3 and its more than 70 direct investments, shows its commitment to driving the next phase of crypto adoption.

XRP Expands Through Major Partnerships

Ripple is continuing its push for global adoption, forming new partnerships that strengthen XRP’s position in the market. One of the biggest recent moves was its collaboration with Portugal’s largest currency exchange, signaling its expanding footprint in Europe.

In Japan, SBI Remit has also expanded its international money transfer services in partnership with SBI Shinsei Bank. The key takeaway here is that SBI Remit is already using XRP for cross-border transactions, highlighting its growing role in the global remittance space.

Institutional interest in XRP is growing, with Japanese energy company Remixpoint making a major move. The company recently purchased $3.9 million worth of XRP and Dogecoin as part of its expanding crypto reserves.

While one user said this is just half the things on the horizon.

With new changes on the cards, XRP could be on track for one of its biggest breakouts yet. The big question now is whether it can ride this wave back to its all-time high and beyond.

@ Newshounds News™

Source: Coinpedia

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Source: FRB Services

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DINARRECAPS8 2/15/25 DINARRECAPS8 2/15/25

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-15-25

Good Afternoon Dinar Recaps,

AI DEVELOPMENT WILL LEAD TO WIDER STABLECOIN ADOPTION

As crypto continues to make headlines at the individual state level as well as the federal level, the race between crypto and AI for most mentions in financial media continues to volley back and forth depending on the week in question.

Recently the spat between Elon Musk and Sam Altman made additional headlines as the two tech titans feuded publicly regarding the future of OpenAI, headlines connected to the potential investment into OpenAI by Softbank, as well as the idea of a purchase (to be led by Musk) of OpenAI for approximately $100 billion.

Good Afternoon Dinar Recaps,

Crypto has also generated significant headlines in recent days, as Federal Reserve Chairman Jerome Powell (seemingly) backtracked on previous statements and actions related to crypto banking opportunities in testimony to Congressional leaders.

At the same time, even more states have begun the process of introducing legislation to allow direct investment into bitcoin and other digital assets, with Wyoming continuing to forge ahead with efforts to issue a dollar-backed stable token maintaining positive momentum.

Even as bitcoin and the concept of a digital asset stockpile move forward, stablecoins are also accelerating in terms of market capitalization, usage, and the education of policymakers and potential users alike.

In the midst of these market headlines, it would be easy to overlook a simple yet powerful truth about the future of AI, crypto, and how these industries will continue to evolve and influence each other over time. Let’s take a look at how (and why) stablecoins will play a critical role in the further development and integration of AI across businesses in the near to medium term.

Stablecoins Will Power Payments

As the adoption and understanding of the benefits of tokenized payments become better understood the appetite and investment into stablecoin payments has continued to increase.

Privately issued stablecoins, by non-bank entities, are worth in excess of $200 billion dollars with the volume of transactions continuing to increase.

TradFi institutions across the globe have developed and implemented blockchain-based solutions and token-based solutions for internal clients, with PayPal, Visa, and Mastercard embracing similar trends; PayPal has even issued a native stablecoin to facilitate stablecoin transactions even further.

Bitcoin and other more volatile cryptoassets, including the much-maligned memecoin space, generate headlines, but stablecoins reflect the best of both worlds for crypto transactions.

The speed and efficiency of tokenized transactions, when coupled with the stability of stablecoins or stable tokens, present a business case that is difficult to argue against.

Reinforced by the prioritization of dollar-backed stablecoins in the recent executive order issued by the White House and the landscape looks primed for a dynamic year for stablecoin adoption.

@ Newshounds News™

Source: Forbes

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BRICS STATEMENT PUSHES DE-DOLLARIZATION, DESPITE TRUMP WARNING

As geopolitical tensions rise, both the West and the global South have shown no desire to relent in their positions. Indeed, a recent BRICS statement regarding the 2025 summit has pushed further de-dollarization despite US President Donald Trump’s most recent tariff warning.

This week, Trump once again reiterated his strong message to the economic alliance. Specifically, he noted that any effort to continue trading outside of the US dollar would result in 100% tariffs on the alliance. Despite this, the BRICS 2025 chairmanship holder, Brazil, has continued to discuss the need for economic reform on a global scale.

BRICS Remain Committed to De-Dollarization as Trump’s Threats Persist

The geopolitical arena is observing a standoff that could result in an eventual trade war.

Throughout last year, Donald Trump has championed the importance of the US dollar’s status as the world’s currency. Specifically, he noted that if the greenback was no longer a global reserve asset, it would be akin to the nation losing a war.

That led him to combat the growing BRICS alliance. Specifically, he went after the group for discussions they’d had in creating an alternate trade currency for the collective.

He warned of increased import taxes that would threaten their potential to benefit the economy from the US if they did not announce they were ceasing the project.

The group would deny the single currency plan but not its efforts to diversify trade settlement currencies. Now, the two have come to a head, as a recent BRICS statement signals further de-dollarization despite Trump’s most recent tariff threats.

Brazil has been elected as the current alliance president in their rotating leadership model. Let one not forget it was Brazil and President De Lula who first championed the idea of ditching the US dollar two years ago. Conversely, in a statement on the 2025 BRICS summit, they included economic and financial reform, according to a Yahoo report.

Specifically, they are seeking reformation of the International Monetary Fund (IMF). More specifically, it is looking to bolster the BRICS New Development Bank (NDB). Known as the BRICS Bank, it has pioneered initiatives to further the use of local currencies in trade.

“US President Donald Trump has voiced anger at the proposal,” the report said. Moreover, it further creates the belief that those tariffs may well be implemented—a move that could have massive implications.

@ Newshounds News™

Source: Watcher Guru

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CARDANO FOUNDER REVEALS HOW META, GOOGLE, & APPLE CAN REPLACE L1 NETWORKS

Cardano founder Charles Hoskinson has revealed how tech companies Meta, Google, Amazon, Microsoft and Apple could replace Layer-1 networks.

▪️Cardano founder Charles Hoskinson explained that these tech companies could replace layer-1 networks if the stablecoin bill passes.

▪️He noted that these companies are in a good position to overtake these blockchain networks since they already have more users.

▪️He predicts that these companies could go as far as creating their own layer-1 networks.

Cardano founder Charles Hoskinson has explained how the top tech companies Meta, Google, Apple, Microsoft, and Amazon could replace Layer-1 networks. According to him, these companies could easily establish their blockchain infrastructure once they achieve regulatory clarity.

@ Newshounds News™

Seeds of Wisdom RV and Economic Updates Saturday Morning 2-15-25

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BRAZIL REJECTS BRICS CURRENCY BUT PLANS TO REDUCE US DOLLAR DEPENDENCY

Brazil is all set to chair the 17th BRICS summit in Rio de Janeiro in July this year. The presidency will not advance a BRICS currency but plans to reduce dependency on the US dollar, said four Brazil government officials on the condition of anonymity.

The agenda of the upcoming summit aims to pave the way to end reliance on the US dollar.

The next BRICS summit will discuss the advancement of cross-border payments and cement policies that prefer local currency usage. The move will bring inflation in the US making daily essentials skyrocket and could also lead to job cuts.

Good Morning Dinar Recaps,

Brazil Will Not Work on BRICS Currency But Aim to End Reliance on US Dollar

The Brazilian officials revealed that the idea of a common BRICS currency has not entered technical discussions yet, though Brazil’s President Luiz Inacio Lula da Silva was among the first leaders to flout the idea.

The government officials told Reuters that the next summit will see trade policies solely focused on local currencies.

However, the officials said that reducing reliance on the US dollar does not mean the alliance targets the West. “It’s not directed against anyone,” said the source.

The bloc is also eyeing multilateral bodies like the Bank for International Settlements (BIS) for cross-border transactions. Therefore, BRICS currency might not be a reality now but de-dollarization will be kept alive in different forms.

Sources state that BRICS does not want to launch a currency due to Trump’s erratic behavior. The President warned that if the alliance stops using the US dollar, it will face tariffs on goods entering the country. “There is no chance that BRICS will replace the US Dollar in International Trade, or anywhere else, and any Country that tries should say hello to Tariffs, and goodbye to America!” Trump wrote on Truth Social.

@ Newshounds News™

Source: Watcher Guru

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US IRS PREPARES TO LAY OFF THOUSANDS OF WORKERS, SOURCES SAY

Feb 14 (Reuters) - The U.S. Internal Revenue Service is preparing to fire thousands of workers in the coming days, a move that could squeeze resources at the tax-collecting agency during the critical tax-filing season, two people familiar with the matter said.

Officials from the Office of Personnel Management, which oversees federal hiring, ordered all agencies on Thursday to dismiss their probationary employees, workers who are newer to their positions and do not enjoy full job protections.

The IRS remains busy for months after the deadline, processing returns and delivering refunds to taxpayers.

The IRS layoffs, first reported by the New York Times, come as part of a broader effort by President Donald Trump and Elon Musk's overhaul of the federal government, which they argue is too bloated and inefficient, and ripe with waste and fraud.

The IRS did not immediately respond to a request for comment.

The second person familiar with the impending layoffs expressed concerns that the cuts would be made without care to how it might hinder the agency's operations.

"They are trying to reduce numbers across the board with no analysis to the impact it will have on operations," the person said.

@ Newshounds News™

Source: Reuters

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GEORGIA PLANS BITCOIN INVESTMENTS FOR STATE TREASURY FUNDS

▪️Georgia proposes a bill allowing the state treasurer to invest in Bitcoin to diversify public funds.

▪️The bill aims to use Bitcoin as a hedge against inflation, with strict regulations for risk management.

Georgia has introduced a bill that would authorize the state treasurer to invest public funds in Bitcoin. Many parties were quickly drawn to this action as, up to now, Bitcoin has been more recognized as a speculative asset than a state investment tool.

Once regarded as ‘digital gold’ for young techies, Bitcoin is beginning to find its way into government coffers. This measure intends to diversify Georgia’s financial reserves by including some money into the digital asset. Legislators, on the other hand, view Bitcoin’s usefulness as a hedge against the inflationary upheaval still afflicting the world economy.

@ Newshounds News™

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.

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Citigroup is considering adding crypto custody services, according to sources quoted by The Information. This move follows the bank’s announcement of a successful proof of concept project, which showed its ability to issue and store tokenized private equity funds on a blockchain network.

Citigroup Joins Major Financial Players

Notably, Citigroup, with $2.4 trillion in assets, is joining other major financial institutions in the growing digital asset custody space.

BNY Mellon is expanding its custody services beyond Bitcoin and Ethereum ETFs, while Standard Chartered has rolled out a digital asset custody service in Dubai. HSBC is planning institutional-grade custody offering, and Crédit Agricole and Banco Santander’s joint venture secured crypto custody approval in France.

Meanwhile, State Street, managing $44.3 trillion, partnered with Taurus to offer crypto custody and tokenization services for institutional investors.

While Coinbase is in talks with banks to offer custody and trading services, however, many banks are still waiting for approval from the Federal Reserve and the New York Department of Financial Services, which is delaying their entry into crypto trading, noted The Information reporter Yueqi Yang.

More Banks Eye Crypto Services

Jerome Powell, the Federal Reserve Chair, said U.S. banks with proper risk checks could serve crypto clients. However, many in the industry are concerned about debanking tied to new tech. Recently, Powell has promised to work with Congress to end this issue.

At the same time, more banks are eyeing crypto services. In January, Morgan Stanley-backed E-Trade hinted at offering crypto services, while Goldman Sachs said it would consider digital asset operations if regulations allowed.

@ Newshounds News™

Source: Coinpedia

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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.

“This goes to show that lawfare will not ultimately prevail over the will of 77 million Americans who supported President Trump and his priorities,” said White House press secretary Karoline Leavitt.

Another group of unions filed a lawsuit in Washington, D.C. late Wednesday, though its potential impacts were not immediately clear.

About 75,000 federal workers accepted the offer to quit in return for being paid until Sept. 30, according to McLaurine Pinover, a spokesperson for the Office of Personnel Management.

She said the deferred resignation program “provides generous benefits so federal workers can plan for their futures,” and it was now closed to additional workers.

@ Newshounds News™

Source: AP News

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DINARRECAPS8 2/14/25 DINARRECAPS8 2/14/25

Seeds of Wisdom RV and Economic Updates Friday Morning 2-14-25

Good Morning Dinar Recaps,

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.

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“Questions regarding Defendant Musk’s and DOGE’s role, scope of authority, and proper appointment processes are not merely academic. Plaintiffs — among countless other American individuals and entities — have had their lives upended as a result of the actions undertaken by Defendants Musk and DOGE,” according to a complaint filed by 26 unnamed former and current employees in the U.S. District Court for the District of Maryland.

The employees, though unidentified, collectively have decades of service at federal agencies, including USAID, where on Feb. 2 Musk’s DOGE personnel broke into the agency’s headquarters.

Citing damages to their careers and financial security, the plaintiffs are seeking the court to block “Defendant Musk and his DOGE subordinates from performing their significant and wide-ranging duties unless and until Defendant Musk is properly appointed pursuant to the U.S. Constitution.”

Democratic attorneys general

Fourteen state attorneys general filed a separate lawsuit in the U.S. District Court in the District of Columbia, requesting the court block further action from Musk and DOGE. The lawsuit also names President Donald Trump as a defendant.

Trump established the U.S. DOGE Service on his first night in office via executive order, and created the entity as a temporary organization with the purposes of modernizing government technology. Presidents do not have the power to create new federal agencies; by law only Congress can.

Musk is a “special government employee,” according to the White House.

The state attorneys general also argue that Musk’s actions, with Trump’s blessing, are violating the law governing temporary organizations under the executive branch.

“By its plain terms, this limited authorization does not amount to a carte blanche grant of authority to the Executive to create new federal agencies from whole cloth,” according to the complaint.

In the first three weeks of Trump’s administration, Musk and his personnel — most of whom worked at one of Musk’s private companies — have accessed the backend of numerous government agencies, including the Department of Treasury’s central payment system, and orchestrated the ouster of civil servants.

Musk has touted on X canceling millions upon millions in government payments and contracts.

Lawsuits pile up

The two lawsuits Thursday are just the latest among scores of legal challenges piling up against Musk and Trump.

Musk has lashed out on X, his own social media platform, against federal judges who have issued injunctions against the Trump administration.

New Mexico Attorney General Raúl Torrez said the U.S. Constitution was “founded in part to guard against the accumulation of state power in the hands of a single individual.”

“And while that construction was first focused on the abuse of power of an 18th-century monarch, it is no less dangerous in the hands of a 21st-century tech tycoon,” Torrez said during a virtual Thursday press conference alongside Arizona Attorney General Kris Mayes and Michigan Attorney General Dana Nessel.

Mayes said Americans are witnessing an “ongoing coup against the Constitution of the United States as we speak.”

“The richest man in the world is now running roughshod over the authority of federal agencies in violation of the rule of law and the Constitution,” Mayes said.

Nessel said Musk’s actions are “by far the largest and most urgent concern of the individuals, Michiganders, who have been reaching out to my office.”
]
“It’s left them feeling hopeless and paralyzed to protect themselves, their personal information, critical funding, programming and jobs that they depend on,” Nessel said during the press conference.

State attorneys general from California, Connecticut, Hawaii, Maryland, Massachusetts, Minnesota, Nevada, Oregon, Rhode Island, Vermont and Washington, also joined the lawsuit.

Musk’s estimated wealth is $379 billion, according to Bloomberg’s billionaire index cited by the government employee plaintiffs. Musk owns Tesla, SpaceX, Neurolink, xAI and X, formerly known as Twitter. During the 2024 presidential election cycle, Musk was the top donor to Trump and Republicans at $288 million.

@ Newshounds News™

Source: TennesseeLookout

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MICHIGAN BECOMES LATEST STATE TO PROPOSE CRYPTO RESERVE BILL

A bill filed in Michigan’s House would allow the state to buy crypto and lend it out to increase yields for state funds.

Michigan has become the latest US state to propose a strategic Bitcoin reserve bill, bringing the total number of states moving crypto reserve-related legislation to 20.

On Feb. 13, Representatives Bryan Posthumus and Ron Robinson introduced HB 4087 to amend the state’s Management and Budget Act to establish a strategic Bitcoin reserve.

The move makes Michigan the 20th US state with legislation for state crypto investments pending a vote.

“Michigan can and should join Texas in leading on crypto policy by signing into law my bill creating the Michigan Crypto Strategic Reserve,” Posthumus said on X. Texas Senator Charles Schwertner had filed a similar bill to the state’s Senate on Feb. 12.

The Michigan bill would allow the state’s treasurer to invest in crypto from both the general fund and economic stabilization fund with a cap of 10%. The bill doesn’t specify any limits or guidelines for what cryptocurrencies can be bought for the reserve.

The bill also includes a provision for lending crypto, saying that “if cryptocurrency can be loaned without increasing financial risk to this state, the state treasurer is permitted to loan the cryptocurrency to yield further return to this state.”

The state must hold crypto directly through secure custody solutions or exchange-traded products from registered investment companies.

Michigan’s state pension fund already has exposure to Bitcoin and Ether exchange-traded funds.

Posthumus also floated the idea of “MichCoin” in a Feb. 13 X post, which he said was “a stablecoin, which I believe the state of Michigan should create” that he said would “have real value — tied to our gold and silver reserves.”

There are currently 20 US states that have crypto reserve bills that have advanced beyond the level of a House committee.

The most recent state to propose or amend a crypto bill was Texas, which filed for legislation this week to allow the state to invest and trade crypto assets. North Dakota, meanwhile, is the only state to have rejected legislation regarding crypto investments.

@ Newshounds News™