
Seeds of Wisdom RV and Economic Updates Friday Morning 2-28-25
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WHEN IS THE BRICS SUMMIT IN 2025?
Brazil will chair the BRICS summit in 2025 under the helm of President Luiz Lula da Silva. The alliance will reinforce its commitment to reshape the global order and usher their economy into a new financial territory. Apart from discussing financial issues, the bloc will also make decisions on climate change and global governance.
The BRICS alliance will collectively collaborate on policymaking at the 2025 summit and represent the population of developing nations. This year’s summit is important as the nine-member bloc will decide on concrete steps to strengthen their economies. The move could reshape the geopolitical landscape and challenge the Western-dominated global financial order.
Good Morning Dinar Recaps,
WHEN IS THE BRICS SUMMIT IN 2025?
Brazil will chair the BRICS summit in 2025 under the helm of President Luiz Lula da Silva. The alliance will reinforce its commitment to reshape the global order and usher their economy into a new financial territory. Apart from discussing financial issues, the bloc will also make decisions on climate change and global governance.
The BRICS alliance will collectively collaborate on policymaking at the 2025 summit and represent the population of developing nations. This year’s summit is important as the nine-member bloc will decide on concrete steps to strengthen their economies. The move could reshape the geopolitical landscape and challenge the Western-dominated global financial order.
When & Where Is The Next BRICS Summit in 2025?
The next BRICS summit in 2025 is scheduled to take place in Brazil’s Rio De Janeiro from July 6th to 7th. The 17th summit will discuss de-dollarization, strengthening of local currencies, new trade deals, and also rewrite policies favoring developing nations. In addition, the alliance might also consensually decide about inducting new countries into the bloc.
Several leaders have hinted that the 17th BRICS summit in 2025 could begin discussions about alternative payment options to the US dollar. Brazil and India have confirmed that they do not support the formation of a BRICS currency. They are looking at various methods to settle cross-border transactions in local currencies.
“This is being discussed in BRICS (2025 summit), at the initiative of (Brazilian President Luiz Lula da Silva). The previous summit stated a decision on the necessity of developing a proposal on alternative payment platforms through finance ministries and central banks.
Such proposals have been made, they suggest, in particular, the creation of a so-called trans-border payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure,” said Russian Foreign Minister Sergey Lavrov.
@ Newshounds News™
Source: Watcher Guru
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XRP NEWS TODAY: CLOSED-DOOR MEETING FUELS SPECULATION OVER RIPPLE LAWSUIT DISMISSAL
▪Ripple vs SEC’s closed-door meeting sparks speculation about lawsuit being dismissed soon.
▪Political pressure increases as Senator Lummis challenges SEC’s crypto regulatory approach.
▪Ripple's XRP dropped by 8% but lawsuit dismissal could push price toward $3.20
The U.S. Securities and Exchange Commission (SEC) held a closed-door meeting on February 27, 2025, sparking speculation about the future of the Ripple lawsuit. With the SEC recently dropping cases against major crypto firms like Coinbase, Uniswap, and Robinhood, many wonder if Ripple could be next.
Could the SEC End the Ripple Case?
The SEC sued Ripple in December 2020, saying the company sold XRP as an unregistered security. However, Judge Analisa Torres ruled in 2023 that XRP itself is not a security, weakening the SEC’s case.
Now, with increasing pressure on the SEC, people believe the agency might be ready to move on.
At the recent SEC meeting, officials discussed legal matters and settlements. While the details are secret, many think the Ripple case may have been included. Former SEC lawyer Marc Fagel does not believe this is a sign of progress, but pro-XRP lawyer Bill Morgan is confident that Ripple has the upper hand.
Political Pressure May Shake the Market
Senator Cynthia Lummis recently criticized the SEC’s approach to crypto regulation, stating that most digital assets are not securities under the Howey Test. Meanwhile, this aligns with Judge Torres’ ruling in the Ripple case, further strengthening Ripple’s position.
No official decision has been announced yet, but the next key date is April 16, when Ripple must submit its reply to the SEC’s appeal. If the SEC withdraws before then, it could mark the end of the long-running case, paving the way for a brighter future for XRP.
What Next For XRP?
As of now, XRP’s price is trading around $2.03 reflecting a drop of 8.19% with a market cap hitting $142 billion. However, many crypto experts believe that if the SEC drops the case, XRP could rise sharply. Some even predict a jump toward $3.20.
Meanwhile, there is also talk if Ripple lawsuits get dismissed, it will open the door for the approval of an XRP exchange-traded fund (ETF), which could push XRP’s price even higher.
@ Newshounds News™
Source: Coinpedia
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Seeds of Wisdom RV and Economic Updates Thursday Evening 2-27-25
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SOCIAL SECURITY UPDATE: LAWMAKERS' NEW PLAN WOULD EXPAND BENEFITS BY $2,400
Some members of Congress are pushing for a new law that would expand Social Security benefits by $2,400 annually.
The bill, the Social Security Expansion Act, would also ensure the program is funded for the next 75 years by applying a payroll tax on higher-income workers
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SOCIAL SECURITY UPDATE: LAWMAKERS' NEW PLAN WOULD EXPAND BENEFITS BY $2,400
Some members of Congress are pushing for a new law that would expand Social Security benefits by $2,400 annually.
The bill, the Social Security Expansion Act, would also ensure the program is funded for the next 75 years by applying a payroll tax on higher-income workers.
Why It Matters
Social Security faces a funding crisis that could see the Social Security Administration run out of money for full payments by the mid-2030s.
Millions of Americans rely on the program to fund the bulk of their retirement, but seniors have complained in recent years that the benefits' cost-of-living adjustment doesn't adequately reflect inflation.
Across the board, seniors are facing higher costs for groceries, housing and health care.
What To Know
Independent Senator Bernie Sanders of Vermont, Senator Elizabeth Warren, Democrat from Massachusetts, and Democratic Representatives Jan Schakowsky of Illinois and Val Hoyle of Oregon introduced the bill on Thursday in an attempt to increase benefits for millions of Americans.
The act calls for Social Security benefits to rise by $2,400 per year and would be fully funded for the next 75 years through application of a payroll tax on all income above $250,000.
That means only 9 percent or less of American households would see taxes increase in order to fund the higher benefit amount and ensure funds for the next 75 years.
At the moment, nine other Democratic senators and 17 House members have cosponsored the bill.
Before Social Security was created by President Franklin D. Roosevelt in the 1930s, around half of all seniors lived in poverty. Today, the senior poverty rate is down to 9.7 percent, thanks in large part to Social Security payments, according to the lawmakers.
The average Social Security payment is $1,838 per month, with nearly 40 percent of seniors relying on it for a majority of their income. One in seven count on it for more than 90 percent of their income.
@ Newshounds News™
Read more: MSM
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TREASURY’S NEW CRYPTO COUNSELOR ADVOCATES FOR SWIFT STABLECOIN LEGISLATION
Tyler Williams, newly appointed crypto counselor to Treasury Secretary Scott Bessent, has announced his focus on helping Congress develop appropriate stablecoin legislation as the US accelerates crypto regulation efforts.
▪Williams emphasizes creating clear legal guidelines for stablecoins to boost industry confidence and ensure consistent regulatory approaches across jurisdictions.
▪The Treasury Department's decision to hire Williams signals willingness to responsibly integrate crypto into the mainstream financial system.
▪Bipartisan support continues building with the FIT21 bill passing the House in May 2024 and Senator Hagerty's GENIUS Act seeking to place dollar-pegged tokens under Federal Reserve oversight.
Tyler Williams recently got appointed as the crypto counselor to Treasury Secretary Scott Bessent. However, he has revealed that his first line of actions in this new role will include helping Congress to get stablecoin legislations exactly where they need to be.
Williams’ comment came during a private digital assets event that was recently held in Washington, D.C. This is, as the US accelerates its efforts to regulate a crypto sector that continues to grow at such a remarkable rate.
Tyler Williams Hammers on Unified Regulatory Framework
According to Williams, there is an urgent need for a concerted effort towards creating clear legal guidelines and regulatory environment for stablecoins. He noted that this would not only boost the industry’s confidence but also ensure that both state and federal regulators operate under a consistent framework.
This way, there is a uniform approach to the issuance and oversight of stablecoins that cut across various jurisdictions.
Williams, who previously served as a regulatory lawyer for Galaxy Digital, has also shared his optimism for the times ahead. He believes that the Treasury Department’s decision to hire him already proves that the US is more than willing to introduce crypto into the mainstream financial system, but in a responsible manner.
Bipartisan Momentum in Congress
Speaking at the same event, Representative Bryan Steil, a Wisconsin Republican and chair of the House Financial Services Committee’s digital assets subcommittee, appeared to share the same optimism as Williams. The lawmaker noted that the legislative push for stablecoin regulation has gained serious momentum and bipartisan support.
Despite the notable bipartisan backing that saw the FIT21 pass the House in May 2024, however, Steil insists that the US still needs to “outcompete the rest of the world” in its support of digital assets. That is, if the nation wants to sustain this legislative momentum and see it grow, Steil added.
Interestingly, efforts are also ongoing in the Senate to establish a comprehensive regulatory framework for stablecoins. In early February, Senator Bill Hagerty introduced the Guiding and Establishing National Innovation for US Stablecoins of 2025 Act (GENIUS Act).
This legislation aims to bring US dollar-pegged crypto tokens under Federal Reserve rules. It also seeks to clearly define the roles of federal and state authorities in overseeing stablecoin issuers.
The bill has been hailed as addressing a key challenge that has previously hindered regulatory clarity, especially for stablecoins.
@ Newshounds News™
Source: CoinSpeaker
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The Shocking History of the Fort Knox Gold Audits
The Shocking History of the Fort Knox Gold Audits
Arcadia Economics: 2-26-2025
The whispers are growing louder: a potential audit of Fort Knox, spearheaded by none other than Donald Trump and Elon Musk. The prospect is undeniably intriguing, a potential deep dive into one of the world’s most heavily guarded vaults, holding what many believe to be the United States’ gold reserves.
The coming months promise to be filled with speculation and anticipation as we await details on the scope, methods, and ultimately, the findings of this proposed audit.
The Shocking History of the Fort Knox Gold Audits
Arcadia Economics: 2-26-2025
The whispers are growing louder: a potential audit of Fort Knox, spearheaded by none other than Donald Trump and Elon Musk. The prospect is undeniably intriguing, a potential deep dive into one of the world’s most heavily guarded vaults, holding what many believe to be the United States’ gold reserves.
The coming months promise to be filled with speculation and anticipation as we await details on the scope, methods, and ultimately, the findings of this proposed audit.
While the narrative often repeated is that Fort Knox hasn’t seen an audit since 1974, that’s a simplification of a more complex reality. The truth is, there have been subsequent inspections and verifications, though whether they qualify as full-fledged “audits” is debatable.
These examinations, often conducted by the Government Accountability Office (GAO) or the Treasury Department’s Inspector General, have involved inventory checks and reconciliation of records.
However, what these past exercises have revealed is where things get truly interesting. Beyond simple verification of weight and quantity, some stunning details have emerged regarding the management and handling of the Fort Knox gold after the widely cited 1974 date.
Gold researcher Jan Nieuwenhuijs, for example, has dedicated considerable time to scrutinizing official records and historical accounts pertaining to Fort Knox.
His findings, often documented and presented with compelling evidence, raise serious questions about the transparency and accuracy of the government’s accounting of the gold reserves. His research suggests a more nuanced and potentially troubling picture than the public generally perceives.
These “audits” and investigations raise questions: What exactly has transpired within the walls of Fort Knox in the decades since 1974? Have the gold reserves been consistently accounted for? Have there been any instances of discrepancies or unexplained movements?
The prospect of a comprehensive audit led by figures like Trump and Musk adds a new dimension to this long-standing debate. Their involvement could potentially bring greater scrutiny and transparency to the process, providing a more definitive answer to the questions that have lingered for years.
Whether this new initiative will truly unlock the secrets hidden within Fort Knox remains to be seen. But one thing is certain: the renewed focus on the US gold reserves will undoubtedly spark intense discussion and perhaps, finally, reveal the shocking truth about what has been happening inside Fort Knox all these years.
Watch the video below from Arcadia Economics featuring Jan Nieuwenhuijs for further insights and information.
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-27-25
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SOCIAL SECURITY ANNOUNCES EXPEDITED RETROACTIVE PAYMENTS AND HIGHER MONTHLY BENEFITS FOR MILLIONS – ACTIONS SUPPORT THE SOCIAL SECURITY FAIRNESS ACT
Today, the Social Security Administration announced it is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to people whose benefits have been affected by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).
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SOCIAL SECURITY ANNOUNCES EXPEDITED RETROACTIVE PAYMENTS AND HIGHER MONTHLY BENEFITS FOR MILLIONS – ACTIONS SUPPORT THE SOCIAL SECURITY FAIRNESS ACT
Today, the Social Security Administration announced it is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to people whose benefits have been affected by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).
These provisions reduced or eliminated the Social Security benefits for over 3.2 million people who receive a pension based on work that was not covered by Social Security (a “non-covered pension”) because they did not pay Social Security taxes.
The Social Security Fairness Act ends WEP and GPO.
“Social Security’s aggressive schedule to start issuing retroactive payments in February and increase monthly benefit payments beginning in April supports President Trump’s priority to implement the Social Security Fairness Act as quickly as possible,” said Lee Dudek, Acting Commissioner of Social Security. “The agency’s original estimate of taking a year or more now will only apply to complex cases that cannot be processed by automation. The American people deserve to get their due benefits as quickly as possible.”
People who will benefit from the new law include some teachers, firefighters, and police officers in many states; federal employees covered by the Civil Service Retirement System; and people whose work had been covered by a foreign social security system.
Many beneficiaries will be due a retroactive payment because the WEP and GPO offset no longer apply as of January 2024. Most people will receive their one-time retroactive payment by the end of March, which will be deposited into their bank account on record with Social Security.
Many of these people will also receive higher monthly benefits, which will first be reflected in the benefit payment they receive in April. Depending on factors such as the type of Social Security benefit received and the amount of the person’s pension, the change in payment amount will vary from person to person.
Anyone whose monthly benefit is adjusted, or who will get a retroactive payment, will receive a mailed notice from Social Security explaining the benefit change or retroactive payment. Most people will receive their retroactive payment two to three weeks before they receive their notice in the mail, because the President understands how important it is to pay people what they are due right away.
Social Security is expediting payments using automation and will continue to handle many complex cases that must be done manually, on an individual case-by-case basis. Those complex cases will take additional time to update the beneficiary record and pay the correct benefits.
Social Security urges beneficiaries to wait until April to ask about the status of their retroactive payment, since these payments will process incrementally into March.
Since the new monthly payment amount will begin with the April payment, beneficiaries should wait until after receiving their April payment, before contacting Social Security with questions about their monthly benefit amount.
Visit the agency’s Social Security Fairness Act webpage to learn more and stay up to date on its progress. Visitors can subscribe to be alerted when the webpage is updated.
@ Newshounds News™
Source: SSA Blog
Social Security Fairness Act: Link
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DEMOCRAT LAWMAKER INTRODUCES BILL BANNING OFFICIALS FROM LAUNCHING MEME COINS AFTER TRUMP TOKEN
▪️The MEME Act would require Trump to return profits from his meme coin sales and enable investors to sue officials for losses related to endorsed cryptocurrencies.
▪️The bill faces significant challenges in the Republican-controlled Congress but serves as a symbolic stance against what Liccardo perceives as unethical behavior.
▪️Regulatory uncertainty persists as SEC official Hester Peirce claims most meme coins fall outside their jurisdiction, suggesting CFTC or lawmakers should establish clearer oversight frameworks.
Newly elected Democrat Sam Liccardo, representing Silicon Valley, is introducing legislation that would block government officials from launching cryptocurrencies such as meme coins.
He noted that the move was never part of his plan when he ran for office, but after the president launched a meme coin last month, he felt a response was needed.
US President Donald Trump released a meme coin, TRUMP, just days before assuming office. Not long after, his wife Melania launched hers, called MELANIA, on January 19. Both tokens rose quickly but collapsed just as fast. The introduction of these meme coins has led to criticism. Liccardo noted that even Trump’s crypto-supporting enthusiasts found the move unappealing.
Liccardo’s bill, called the Modern Emoluments and Malfeasance Enforcement (MEME) Act, seeks to prohibit the president, members of Congress, and other high-ranking officials—along with their families—from issuing or endorsing cryptocurrencies, stocks, or other financial securities.
According to the draft, the bill also requires Trump to return any money he made from selling his meme coin. Moreover, the bill would allow investors who lost money on a meme coin backed by a public official to sue to recover their losses.
Despite the bill’s strong stance, it faces an uphill battle in the Republican-controlled Congress. However, Liccardo sees it as a symbolic stand against corruption and a potential legislative tool for the future if Democrats regain power.
Regulatory Uncertainty Surrounds Meme Coins
One of the developers behind Trump’s meme coin, Hayden Davis, has a history of controversial crypto projects, including one linked to a corruption probe involving Argentina’s President Javier Milei.
Davis himself has described meme coins as a rigged game, calling the industry an unregulated casino that rewards a small group at the expense of retail investors.
Liccardo argues that existing laws fail to address the ethical and financial risks posed by politicians entering the crypto space. He said,
“That behavior is so self-evidently unethical that it raises the question why isn’t there a clear enough prohibition.”
He added that having a way to enforce the rules is important, and allowing people to sue helps ensure accountability. Aside from Liccardo’s bill, other proposals related to meme coins have also been introduced.
On February 20, US Democratic Senator Catherine Cortez Masto proposed an amendment to resolution S. Con. Res. 7, seeking to prevent federal employees and officials from launching, endorsing, or profiting from digital tokens connected to investments by the Chinese Communist Party.
Hester Peirce, head of the US Securities and Exchange Commission’s digital asset division, said most meme coins are beyond the SEC’s authority, noting that their regulation depends on the specifics of each coin. She suggested that lawmakers or agencies like the Commodity Futures Trading Commission (CFTC) should take responsibility for overseeing them.
@ Newshounds News™
Source: CoinSpeaker
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Seeds of Wisdom RV and Economic Updates Thursday Morning 2-27-25
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RIPPLE PARTNERS WITH BDACS FOR XRP, RLUSD CUSTODY IN SOUTH KOREA
Ripple Labs and South Korean custodian BDACS partner to offer institutional-grade custody for XRP, RLUSD and other crypto assets.
Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD.
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RIPPLE PARTNERS WITH BDACS FOR XRP, RLUSD CUSTODY IN SOUTH KOREA
Ripple Labs and South Korean custodian BDACS partner to offer institutional-grade custody for XRP, RLUSD and other crypto assets.
Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD.
The partnership, announced on Feb. 26, will enable BDACS to integrate Ripple Custody, the company’s institutional crypto and digital asset custody solution, to safeguard XRP, Ripple USD (RLUSD) and other crypto assets for financial institutions in South Korea.
Ripple president Monica Long highlighted the importance of institutional-grade custody amid growing enterprise interest in crypto.
“South Korea is gearing up for a wave of institutional crypto adoption — very excited for Ripple Custody to plant another flag in APAC with BDACS for XRP and RLUSD,” Long said in a statement.
Ripple aligns with South Korean regulatory requirement
According to Ripple, the partnership aligns with the roadmap for regulatory approval of institutional participation set by South Korea’s Financial Services Commission (FSC). The company stated:
“This partnership will support the growth of XRPL developers and its ecosystem, expand the usability of Ripple’s stablecoin (RLUSD), and leverage synergies with Busan, Korea’s blockchain regulation-free zone.” BDACS CEO Harry Ryoo said his firm is committed to ensuring a secure infrastructure for institutional crypto adoption.
“BDACS will provide a secure and reliable custody service to support Ripple’s pioneering blockchain initiatives. Ultimately, this partnership will enable both companies to enhance and expand the digital asset ecosystem,” Ryoo said.
Ripple Custody said it expects the total amount of custodied cryptocurrencies to reach $16 trillion by 2030.
Alongside the partnership with the South Korean crypto custodian, Ripple Labs unveiled a new roadmap for building an institutional decentralized finance (DeFi) ecosystem on the XRP Ledger blockchain network.
XRP Ledger’s roadmap builds on top of existing infrastructure, including price oracles and an automated market maker.
@ Newshounds News™
Source: CoinTelegraph
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RIPPLE OUTLINES FUTURE DEVELOPMENTS TO INSTITUTIONAL DEFI ON XRP LEDGER
Ripple has announced upcoming features for the XRP Ledger (XRPL) aimed at enhancing institutional decentralized finance (DeFi).
Key developments include expanded compliance functions, a new lending protocol that integrates with Ripple Payments and decentralized exchanges, and the introduction of Multi-Purpose Tokens (MPTs) for tokenized assets.
Additionally, the XRPL will see the launch of a permissioned decentralized exchange (DEX) and credentialing systems to facilitate secure trading environments.
These innovations are set to enhance programmability and streamline institutional onboarding, further positioning XRPL as a leader in regulated onchain finance.
@ Newshounds News™
Source: Bitcoin News
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Seeds of Wisdom RV and Economic Updates Wednesday Evening 2-26-25
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SEN. LUMMIS SAYS WASHINGTON IS 'ON THE PRECIPICE' OF STABLECOIN AND CRYPTO REGULATION BILLS
▪We’re on the precipice of finally creating a bipartisan legislative framework for both stablecoins and market structure,” said Sen. Cynthia Lummis, R-Wyo. on Wednesday.
▪So far this year in the new Congress, the focus has been on first regulating stablecoins, with both Republican and Democratic lawmakers coming out with bills over the past several weeks.
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SEN. LUMMIS SAYS WASHINGTON IS 'ON THE PRECIPICE' OF STABLECOIN AND CRYPTO REGULATION BILLS
▪We’re on the precipice of finally creating a bipartisan legislative framework for both stablecoins and market structure,” said Sen. Cynthia Lummis, R-Wyo. on Wednesday.
▪So far this year in the new Congress, the focus has been on first regulating stablecoins, with both Republican and Democratic lawmakers coming out with bills over the past several weeks.
Just a few months after a new Congress rolled into Washington, lawmakers are starting to get cracking on crypto legislation with hopes that bills can get signed by President Donald Trump by the end of this year.
"We're on the precipice of finally creating a bipartisan legislative framework for both stablecoins and market structure," said Sen. Cynthia Lummis, R-Wyo., during a congressional hearing on Wednesday. "I hope we can get both pieces of legislation to President Trump for his signature this year."
Lummis added that she hoped that would include the Responsible Financial Innovation Act, which she and Democratic Sen. Kirsten Gillibrand have worked on over the years and created a regulatory framework for crypto.
So far this year in the new Congress, the focus has been on first regulating stablecoins, with both Republican and Democratic lawmakers coming out with bills over the past several weeks.
One of those bills is called The Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS Act., which was introduced earlier this month by Senate Banking Committee Chair Tim Scott, R-S.C., Sen. Kirsten Gillibrand, D-N.Y., Sen. Bill Hagerty, R-Tenn., and Lummis. The bill includes reserve requirements and implements "light-touch, tailored regulatory standards for stablecoin issuers."
Lawmakers asked detailed questions about that bill during Wednesday's Senate Banking Committee digital assets-focused panel hearing titled "Exploring Bipartisan Legislative Frameworks for Digital Assets." The panel was created this year and is led by Lummis.
Ongoing discussions
Sen. Tina Smith, D-Minn., asked detailed questions about consumer protections in future stablecoin legislation and asked the witnesses at the hearing whether legislation should require "stablecoin issuers to be vetted for character and fitness" like other financial institutions.
Timothy Massad, former chair of the Commodity Futures Trading Commissioner and witness at the hearing, said the GENIUS Act doesn't require it and added that it should.
"Similar standards are in the European legislation and in other countries' legislation," he added.
On the House side, House Financial Services Committee Chair French Hill, R-Ark., released draft legislation last month that builds on work done in that committee over the past few years with some differences.
For example, it gives the Office of the Comptroller of the Currency the authority to "approve and supervise federally qualified nonbank payment stablecoin issuers " instead of including a federal path through the Federal Reserve for "payment stablecoin issuers."
Shortly after, the top Democrat of the committee, Rep. Maxine Waters of California, released a discussion draft that includes language around federal regulators for stablecoins.
Sen. Bernie Moreno, R-Ohio, drew comparisons of crypto to other technologies, such as airplanes and computers, during Wednesday's hearing.
"The point I'm trying to make is, is why all of a sudden, when we got to digital currencies, did we decide here in Washington D.C. and say no, no we are going to decide the pace of innovation, the way technology should work," Moreno said.
@ Newshounds News™
Source: The Block
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BANK OF AMERICA CEO REVEALS PLANS FOR US DOLLAR-BACKED STABLECOIN, BUT THERE’S A CATCH
▪Bank of America is eyeing the stablecoin market amid global adoption.
▪The firm said it stayed back earlier because of unclear regulations.
▪BofA hopes to join major tech giants like Paypal with related offerings.
Like other mainstream fintech giants like Revolut and PayPal Holdings Inc (NASDAQ: PYPL) with Stablecoin plans, Bank of America (BofA) is set to introduce its token once regulations permit.
As reported by Fortune, Bank of America CEO, Brian Moynihan, while speaking at the Economic Club of Washington, D.C., discussed the growing importance of digital assets and the potential for stablecoins to function like traditional financial products.
Bank of America and the Stablecoin Plan
During the event, Brian said that stablecoins will likely play a major role in the conventional banking institution.
He further explained that a BofA-issued stablecoin would be fully backed by the US dollar and linked to a deposit account. Eventually, this will enable an easy and smooth transaction process between digital and traditional money.
“If they make that legal, we will go into that business,” he said, adding that the only reason BofA has not yet released its stablecoin is because of the stringent policy of the past administration.
However, he sounded more positive about the present government, saying that he expects major banks to enter the crypto economy once clear rules are in place.
Brian also made it known that irrespective of other digital asset offerings, the firm’s major focus remains on stablecoins. The BofA chief said he believes these tokens would fit perfectly into the current financial system.
Interestingly, this marks a shift from how the organization has viewed the digital asset economy. In 2022, when top Wall Street banks were diving into crypto, the firm’s CEO stated they had no intention of rushing into the space.
Most Money Movement Is Already Digital
Notably, while stablecoins are not yet part of BofA’s services, the financial institution is already transacting electronically. The CEO mentioned that the Bank transacts about $3 trillion online daily through wire transfers, ACH payments, and card transactions.
He pointed out that consumer spending is now largely digital, with services like Zelle and credit cards far outpacing cash usage. However, he acknowledged that cash remains essential for many people and businesses.
“ATMs and branches are still needed,” he said, despite the shift toward digital payments.
For context, reports show that the bank has invested large amounts of money in emerging technologies.
The expenditure is around $4 billion annually on new developments and another $8–9 billion on system operations. Per the report, the bank was an early adopter of mobile banking, launching its iPhone app before competitors. Today, about 90% of customer interactions happen digitally, supported by AI-powered tools like its virtual assistant, Erica.
Still, Moynihan emphasized the importance of human interaction in banking. With 3,700 branches nationwide, BofA continues to serve customers who prefer face-to-face assistance.
He stressed that digital convenience must be balanced with personal service, as many people seek expert advice on financial planning and major transactions.
@ Newshounds News™
Source: CoinSpeaker
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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-26-25
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UKRAINE WAR: TRUMP IS NOT TRYING TO APPEASE PUTIN – HE HAS A VISION OF A NEW US-CHINA-RUSSIA ORDER
There has been much and justified focus on the implications of a likely deal between US president Donald Trump and his Russian counterpart Vladimir Putin and the overwhelmingly negative consequences this will have for Ukraine and Europe. But if Trump and Putin make a deal, there is much more at stake than Ukraine’s future borders and Europe’s relationship with the US.
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UKRAINE WAR: TRUMP IS NOT TRYING TO APPEASE PUTIN – HE HAS A VISION OF A NEW US-CHINA-RUSSIA ORDER
There has been much and justified focus on the implications of a likely deal between US president Donald Trump and his Russian counterpart Vladimir Putin and the overwhelmingly negative consequences this will have for Ukraine and Europe. But if Trump and Putin make a deal, there is much more at stake than Ukraine’s future borders and Europe’s relationship with the US.
As we are nearing the third anniversary of Russia’s full-scale invasion, Ukraine’s future is more in doubt than it has ever been since February 2022.
For once, analogies to Munich in 1938 are sadly appropriate. This is not because of a mistaken belief that Putin can be appeased, but rather because great powers, once again, make decisions on the fate of weaker states and without them in the room.
Similar to the pressure that Czechoslovakia experienced from both Germany and its supposed allies France and Britain in 1938, Ukraine is now under pressure from Russia on the battlefield and the US both diplomatically and economically.
Trump and his team are pushing hard for Ukraine to make territorial concessions to Russia and accept that some 20% of Ukrainian lands under Russia’s illegal occupation are lost.
In addition, Trump demands that Ukraine compensate the United States for past military support by handing over half of its mineral and rare earth resources.
The American refusal to provide tangible security guarantees not only for Ukraine but also for allied Nato troops if they were deployed to Ukraine as part of a ceasefire or peace agreement smacks of the Munich analogy.
Not only did France and Britain at the time push Czechoslovakia to cede the ethnic German-majority Sudetenland to Nazi Germany. They also did nothing when Poland and Hungary also seized parts of the country.
And they failed to respond when Hitler – a mere six months after the Munich agreement – broke up what was left of Czechoslovakia by creating a Slovak puppet state and occupying the remaining Czech lands.
There is every indication that Putin is unlikely to stop in or with Ukraine. And it is worth remembering that the second world war started 11 months after Neville Chamberlain thought he had secured “peace in our time”.
The Munich analogy may not carry that far, however. Trump is not trying to appease Putin because he thinks, as Chamberlain and Daladier did in 1938, that he has weaker cards than Putin. What seems to drive Trump is a more simplistic view of the world in which great powers carve out spheres of influence in which they do not interfere.
The problem for Ukraine and Europe in such a world order is that Ukraine is certainly not considered by anyone in Trump’s team as part of an American zone of influence, and Europe is at best a peripheral part of it.
Trump-eye lens on the world
For Trump, this isn’t really about Ukraine or Europe but about re-ordering the international system in a way that fits his 19th-century view of the world in which the US lives in splendid isolation and virtually unchallenged in the western hemisphere.
In this world view, Ukraine is the symbol of what was wrong with the old order. Echoing the isolationism of Henry Cabot, Trump’s view is that the US has involved itself into too many different foreign adventures where none of its vital interests were at stake.
Echoing Putin’s talking points, the war against Ukraine no longer is an unjustified aggression but was, as Trump has now declared, Kyiv’s fault. Ukraine has become the ultimate test that the liberal international order failed to pass.
The war against Ukraine clearly is a symbol of the failure of the liberal international order, but hardly its sole cause. In the hands of Trump and Putin it has become the tool to deal it a final blow. But while the US and Russia, in their current political configurations, may have found it easy to bury the existing order, they will find it much harder to create a new one.
The push-back from Ukraine and key European countries may seem inconsequential for now, but even without the US, the EU and Nato have strong institutional roots and deep pockets.
For all the justified criticism of the mostly aspirational responses from Europe so far, the continent is built on politically and economically far stronger foundations than Russia and the overwhelming majority of its people have no desire to emulate the living conditions in Putin’s want-to-be empire.
Nor will Trump and Putin be able to rule the world without China. A deal between them may be Trump’s idea of driving a wedge between Moscow and Beijing, but this is unlikely to work given Russia’s dependence on China and China’s rivalry with the US.
If Trump makes a deal with Xi as well, for example over Chinese territorial claims in the South China Sea, let alone over Taiwan, all he would achieve is further retrenchment of the US to the western hemisphere. This would leave Putin and Xi to pursue their own, existing deal of a no-limits partnership unimpeded by an American-led counter-weight.
From the perspective of what remains of the liberal international order and its proponents, a Putin-Xi deal, too, has an eerie parallel in history – the short-lived Hitler-Stalin pact of 1939. Only this time, there is little to suggest that the Putin-Xi alliance will break down as quickly.
@ Newshounds News™
Source: Economic Times
~~~~~~~~~
BRICS: GOLDMAN SACHS PREDICTS US DOLLAR WILL EXPERIENCE A BOOM
The BRICS alliance might not be able to deter the US dollar as Goldman Sachs predicts the currency could experience a tariff-fueled boom.
Currency traders could make stellar profits if they take long positions on the USD, wrote the global investment bank. Tariffs from the Trump administration could bolster the appeal for the greenback leading to further gains, the note from the bank read.
If the US dollar continues its rise in the charts, BRICS will have a hard time safeguarding their respective local currencies. The development could derail the de-dollarization agenda and lead to the greenback strengthening further. The USD faced severe challenges from BRICS who were looking to dethrone it from the world’s reserve currency status.
BRICS: Tariffs Could Fuel US Dollar Boom, Says Goldman Sachs
The escalating trade wars could benefit the US dollar in the long haul, wrote Goldman Sachs in a note and the development could impair the BRICS bloc. “Ultimately, not all tariffs are equal when it comes to FX,” wrote Goldman Sachs strategists Karen Reichgott Fishman and Lexi Kanter in a note.
“But given the unwind of premium in key crosses in recent weeks, we once again think tariff risks look underpriced, making long dollar exposure now look even more attractive.”
Trump’s protective style of governance could drive inflation but in turn, support US yields, the note read. The tariffs are ruffling a lot of feathers in the markets as they directly affect the imports and exports sector. BRICS was looking to outdo the US dollar but found itself in a stiff economic situation.
The local currencies of BRICS countries have already plummeted to new lows against the US dollar this year. The de-dollarization initiative could stagnate for the next four years as threats of tariffs loom from Trump.
@ Newshounds News™
Source: Watcher Guru
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Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-26-25
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XRP NEWS: RIPPLE DEVS UNVEILS ROADMAP FOR INSTITUTIONAL DEFI ON XRP LEDGER
XRP Ledger is undergoing restructuring that might attract more institutional participants
▪The XRP Ledger is transforming with new innovations designed to boost institutional adoption.
▪Developers are particularly building to permit DeFi participation by institutions.
▪Onchain innovations to enhance include DiD, programmability and compliance.
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XRP NEWS: RIPPLE DEVS UNVEILS ROADMAP FOR INSTITUTIONAL DEFI ON XRP LEDGER
XRP Ledger is undergoing restructuring that might attract more institutional participants
▪The XRP Ledger is transforming with new innovations designed to boost institutional adoption.
▪Developers are particularly building to permit DeFi participation by institutions.
▪Onchain innovations to enhance include DiD, programmability and compliance.
Ripple Devs, an offshoot of Ripple Labs Inc has introduced a new roadmap designed for institutional Decentralized Finance (DeFi) on the XRP Ledger (XRPL). He also boasted of how this iteration is one of the greatest that the protocol has introduced in the past.
XRP Ledger And its Innovations Down the Line
With this new roadmap, the blockchain payment company intends to expand its possibilities for use in various financial applications. David “JoelKatz” Schwartz noted that this Ripple roadmap presents a detailed outline of its direction for this year, including its use cases and features that it plans to focus on.
In the past, XRPL has implemented innovations that have encouraged financial institutions to participate in the market.
These innovations could improve price transparency, liquidity efficiency, and the integration of compliance tools. One such innovation is the Central Limit Order Book (CLOB). This feature allows efficient price discovery and ensures deep liquidity for the assets traded on the network.
Another innovative addition is the Automated Market Maker (AMM), which enhances liquidity automation. Precisely, this XRPL AMM delivers the optimization of the exchange processes that exist between tokenized assets and stablecoins.
This solution is largely recognized for its distinct direct integration with the native Decentralized Exchange (DEX).
Last month, XRPL took it a step further by introducing a new AMM feature for holders of the Ripple USD (RLUSD) stablecoin.
XRPL Integration With Ondo Finance
In addition to these innovations, the XRP ecosystem underwent several amendments and upgrades.
The XRP Ledger also secured strategic partnerships that hold potential for expansion. As part of its collaboration, the XRP ecosystem tries to ensure that it contributes to meeting the growing demand for tokenized solutions, especially for Real-world Assets (RWAs).
Ondo Finance partnered with XRPL to debut tokenized US Treasuries for institutional investors.
The offering, dubbed Ondo Short-Term US Government Treasuries (OUSG), is backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). Based on its structure, investors can buy OUSG or redeem it anytime using Ripple USD.
What Next For XRP Ledger?
Going forward, XRPL plans to focus on features that improve regulatory compliance while expanding institutional lending options.
It is also keen on offering greater programmability to develop onchain financial products.
Amongst the incoming innovations are digital credentials based on DID and Multi-Purpose Token (MPT), a new tokenization standard.
While the latter offers access to the creation of regulated financial markets directly on the blockchain, MPT allows for the representation of complex financial instruments. Noteworthy, these updates are still directed towards TradFi integration with DeFi.
Financial institutions can issue tokenized loans securely with XLS-65d, another key addition for institutional DeFi. This will help reduce the dependence on traditional intermediaries and promote more transparency in the credit markets.
The XLS-66d specifications offer benefits, such as on-ledger loans, off-chain underwriting, and first-loss capital protection. These will help ensure that financial risks are managed more efficiently.
@ Newshounds News™
Source: CoinSpeaker
~~~~~~~~~
IOTA SECURES KEY EU PARTNERSHIPS—DRIVING REAL UTILITY & MASS ADOPTION
▪IOTA is pushing new frontlines in the EU with new partnerships.
▪To bolster its push toward mass adoption, the IOTA rebased innovation is set to soar soon.
IOTA, a leading open-source distributed ledger technology, continues to form key strategic partnerships with the European Union (EU). IOTA’s collaboration in the EU is part of its broader mission to drive real utility and secure mass global adoption.
IOTA’s New Partnership in the EU
Popular Angel investor with the username @Walknonthemoon on social media platform X highlighted IOTA’s EU collaborations. According to Walknonthemoon, IOTA, through the strategic partnership will support EU and UK-backed trade lanes with its technology.
IOTA will focus on digitizing transport-related activities between the countries in the EU and the United Kingdom. The protocol’s technology will help streamline freight management and notify users of important updates about their shipments.
IOTA will also enable real-time data sharing among trading partners and reduce administrative costs. This collaboration aligns with IOTA’s vision of bringing real-world applications on-chain.
In a recent study, CNF reported that IOTA launched a digital infrastructure, the Trade and Logistics Information Pipeline (TLIP), to revolutionize trade.
The platform allows trading partners to share real-time data, reducing administrative costs. TLIP helped power the post-Brexit UK-EU trade, enhancing processes and saving thousands of hours otherwise wasted on slow and inefficient processes.
IOTA’s partnership with the EU will also focus on powering sustainable energy rewards in the Netherlands. This partnership further strengthens the network as a key player in providing sustainability-related solutions. Every project IOTA undertakes has an outlook toward sustainability which is now embedded into its core technological development.
Last year, IOTA unveiled its Electronics Digital Product Passport (DPP) prototype to enhance transparency and traceability throughout the lifecycle of electronic devices. As CNF discussed earlier, this product highlights IOTA’s push towards integrating blockchain in environmental sustainability efforts.
In addition, IOTA is leading on-chain Know-Your-Customer (KYC) verification for the EU. Through its robust solutions, IOTA aims to offer substantial cost savings for European banks. As featured in our recent coverage, the IOTA Foundation recently collaborated with walt.id, IDnow, Bloom Wallet, and Spyce5 to pioneer a groundbreaking KYC solution for Web3 applications.
The solution paves the way for a more sustainable and effective banking ecosystem in Europe.
IOTA Rebased on the Horizon
The mainnet launch of the IOTA Rebased Protocol is set to happen soon, designed to also bolster the mass adoption of the chain. The IOTA Rebased Protocol marks the most important upgrade from IOTA as it sets the network for extensive scalability, programmability, and decentralization transformation.
Through the updated protocol, IOTA plans to achieve a processing speed of more than 50,000 transactions per second and finalization times of less than 500 milliseconds.
Ahead of its main net launch, the IOTA Rebased test network recently announced onboarding a new set of trusted validators. They are expected to bring trusted, enterprise-grade validation to IOTA.
Also, IOTA has announced additional transaction fees to Rebased. As explained in our last article, this initiative is expected to simplify tokenomics.
@ Newshounds News™
Source: Crypto News Flash
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Seeds of Wisdom RV and Economic Updates Tuesday Evening 2-25-25
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SEC BACKS OFF: UNISWAP ANNOUNCES END OF INVESTIGATION
The platform called the move a “huge win for DeFi” after reports have suggested the SEC may be radically changing its approach to crypto enforcement in 2025.
Uniswap Labs, the developer behind the Uniswap decentralized exchange, reported that the US Securities and Exchange Commission (SEC) has dropped its probe into the firm.
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SEC BACKS OFF: UNISWAP ANNOUNCES END OF INVESTIGATION
The platform called the move a “huge win for DeFi” after reports have suggested the SEC may be radically changing its approach to crypto enforcement in 2025.
Uniswap Labs, the developer behind the Uniswap decentralized exchange, reported that the US Securities and Exchange Commission (SEC) has dropped its probe into the firm.
According to a Feb. 25 X post, the SEC concluded its investigation into Uniswap and has no plans to pursue enforcement action against the firm. The report followed Uniswap’s announcement that it received a Wells notice from the SEC in April 2024 while the commission was under the leadership of then-Chair Gary Gensler.
“This is a huge win for DeFi and reaffirms what we’ve always known – that the technology we build is on the right side of the law, and our work is on the right side of history,” said Uniswap.
At the time of publication, the SEC had not made any official announcement regarding Uniswap. However, Coinbase made a similar claim on Feb. 21 that the commission would be closing its case against the crypto exchange roughly two years after being launched. The regulator’s Enforcement Division will also be closing investigations into Robinhood Crypto and OpenSea.
Changing course on crypto in 2025?
According to multiple filings with the SEC, the commission’s crypto task crypto met with representatives of several firms in February as part of efforts to explore potential changes to digital asset regulation.
Commissioner Hester Peirce, who leads the task force, suggested that the SEC wait until it has a Senate-confirmed chair to set a different regulatory path.
However, with the Uniswap action and others, the commission seems to be quickly changing its approach to crypto enforcement. Some experts have suggested that all other SEC cases, including a pending appeal from Ripple Labs following a court judgment, could be paused or withdrawn entirely.
Before US President Donald Trump took office, Reuters reported that the SEC would consider freezing all crypto enforcement cases that did not involve fraud as part of the administration’s change in policy on digital assets.
Project 2025, an ultra-conservative policy framework that Trump’s team has largely followed since Jan. 20, suggested that the administration “remove regulatory impediments” at the SEC.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
NASDAQ FILES 19B-4 FOR CANARY CAPITAL’S HEDERA HBAR SPOT ETF
Big news for HBAR and Litecoin. Nasdaq has officially filed a 19b-4 form with the SEC, seeking approval to list and trade shares of the Canary HBAR ETF.
According to Bloomberg analyst Eric Balchunas, this puts HBAR and Litecoin in the best position among current altcoin ETF filings, increasing their chances of gaining regulatory approval ahead of others. This ETF is designed to track the real-time price of HBAR, the 21st-largest cryptocurrency by market capitalization.
This filing marks a significant expansion of Canary Capital’s crypto investment products, following the launch of its HBAR Trust in October 2024 and an initial ETF registration (S-1) in November.
What This Means for HBAR?
If approved, the ETF would allow investors to gain exposure to Hedera’s HBAR token without directly purchasing or holding it. This kind of institutional investment vehicle has historically been seen as a positive development for crypto adoption, making it easier for traditional investors to enter the space.
HBAR’s price has reacted positively to the news, surging 5% following Nasdaq’s filing. This follows a previous 20% jump after the S-1 filing in November, showing strong investor enthusiasm for an HBAR-based ETF.
Canary Capital’s Growing Influence in Crypto ETFs
Canary Capital is also pursuing other cryptocurrency ETFs. Alongside the HBAR ETF, the firm has filed for a spot Litecoin ETF, which is now awaiting SEC approval. According to Bloomberg analyst Eric Balchunas, Litecoin’s regulatory outlook appears favorable, as it has not been caught in legal disputes with the SEC and has been classified as a commodity by the CFTC.
The spot Litecoin ETF has already been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker “LTCC,” an essential step toward its launch.
More Crypto ETFs in the Pipeline
Canary Capital isn’t stopping at HBAR and Litecoin. The firm has also filed for a spot XRP ETF, which the SEC has already acknowledged. Plus, there are reports that Canary is exploring similar investment products for Solana (SOL), indicating a broader push for crypto ETFs.
The introduction of more spot crypto ETFs signals a growing interest in making digital assets more accessible to institutional investors.
While the SEC’s decision on the HBAR ETF is still pending, this filing represents a major step toward mainstream crypto adoption. If approved, it could pave the way for more blockchain-based investment products in the future.
@ Newshounds News™
Source: Coinpedia
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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-25-25
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RUSSIA REJECTS BRICS, PROPOSES HISTORIC DEAL WITH THE US
Russia is slowly bowing out of the BRICS agenda of cutting ties with the US and the dollar for trade and transactions.
In a historic deal, Russian President Vladimir Putin has proposed to supply 2 million tons of aluminum to the US markets. The move could stabilize prices in the commodity metals sector and smoothen out price fluctuations and market volatility.
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RUSSIA REJECTS BRICS, PROPOSES HISTORIC DEAL WITH THE US
Russia is slowly bowing out of the BRICS agenda of cutting ties with the US and the dollar for trade and transactions.
In a historic deal, Russian President Vladimir Putin has proposed to supply 2 million tons of aluminum to the US markets. The move could stabilize prices in the commodity metals sector and smoothen out price fluctuations and market volatility.
In addition, BRICS member Russia also outlined potential deals with the US in supplying rare earth resources. Russia has the world’s fifth-largest rare earth metals reserves that the US could use for industry and military production and benefit immensely.
The prospective economic deal covers aluminum and rare earth materials from BRICS member Russia to the US. President Donald Trump had earlier hinted that “major economic development transactions with Russia” could soon take place.
The rare earth materials are mostly used for magnet production that turns power into motion for electric vehicles (EV). It also covers the production of cell phones and other military equipment. If the deal goes through with the US, this will be a complete U-turn of policies from BRICS member Russia.
“We would be ready to offer (joint projects with) our American partners. And when I say ‘partners,’ I mean not only administrative and governmental structures but also companies, if they showed interest in joint work,” said Putin and added, “We undoubtedly have, I want to emphasize, significantly more resources of this kind than Ukraine.”
BRICS Countries Take U-Turn With the US
After Trump took over the White House in January, BRICS countries are backtracking from teaching the US a lesson. India recently rejected the idea of launching a BRICS currency and embraced the US dollar for trade.
Brazil is also considering nixing the idea of a common currency in the upcoming summit in July.
Also, China is urging the US to not weaponize trade with tariffs. BRICS member Russia, which was a staunch supporter of de-dollarization, is now seeking business deals with the US.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
GRAYSCALE’S CARDANO ETF UNDER SEC REVIEW – DECISION EXPECTED BY AUG. 2025
▪The SEC has officially started reviewing Grayscale’s Cardano ETF proposal for potential approval.
▪A final decision on the Cardano ETF is expected by August 2025 after the review process.
▪Polymarket shows a 62% chance of approval, rising from 51% in January 2025.
The U.S. Securities and Exchange Commission (SEC) has officially started reviewing Grayscale’s proposal for a Cardano (ADA) exchange-traded fund (ETF). If approved, this would be a major milestone for Cardano, making it easier for investors to gain exposure to ADA through traditional markets.
This move follows NYSE Arca’s request to list and trade shares of the Grayscale Cardano Trust on the stock exchange. With the SEC now reviewing the application, the countdown to a decision has begun – one that could shape ADA’s future in a big way. A final ruling is expected within 180 days.
So, will Cardano join the ranks of crypto assets with an approved ETF? And what could this mean for ADA’s price and market adoption? Here’s what you need to know.
Cardano ETF Review Begins
On February 24, 2025, the SEC formally accepted NYSE Arca’s application, marking the start of the review process. The request was originally submitted on February 10, 2025. If approved, this ETF would allow investors to gain exposure to Cardano (ADA) through a regulated platform without needing to hold the cryptocurrency directly.
A Cardano ETF would make it easier for investors to buy and sell shares tied to ADA’s price. This could attract more traditional investors and increase ADA’s accessibility in a secure and regulated environment.
Approval Odds Are Rising
The chances of a Cardano ETF approval in 2025 are improving. Polymarket, a decentralized prediction platform, now estimates a 62% likelihood of approval, up from 51% in January. The SEC’s recent acknowledgment of multiple crypto ETF filings, including Grayscale’s XRP ETF, has contributed to this growing optimism.
How It Could Impact ADA’s Price
A Cardano ETF could boost demand by attracting institutional investors, potentially driving up ADA’s price. Analysts believe that as long as ADA holds support between $0.67 and $0.81, further gains are possible. However, if it falls below this range, downward pressure could follow.
At the moment, Cardano is trading at $0.68, with a market capitalization of $24.16 billion. Its trading volume has surged by 81.15%, reaching $1.08 billion, reflecting growing market interest.
@ Newshounds News™
Source: Coinpedia
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Dr. Judy Shelton: Where is all the Fed’s Monday Going?
Dr. Judy Shelton: Where is all the Fed’s Monday Going?
Liberty and Finance: 2-24-2025
In a recent discussion with Liberty and Finance, Dr. Judy Shelton, former economic advisor to President Donald Trump and author of “Good as Gold: How to Unleash the Power of Sound Money,” delivered a powerful argument for a return to honest money, framing it not just as an economic necessity but as a moral and constitutional imperative.
Shelton, a long-time advocate for sound monetary policy, argues that the Federal Reserve’s current approach, particularly its focus on “stable inflation,” fundamentally betrays the principles of true monetary integrity.
Dr. Judy Shelton: Where is all the Fed’s Monday Going?
Liberty and Finance: 2-24-2025
In a recent discussion with Liberty and Finance, Dr. Judy Shelton, former economic advisor to President Donald Trump and author of “Good as Gold: How to Unleash the Power of Sound Money,” delivered a powerful argument for a return to honest money, framing it not just as an economic necessity but as a moral and constitutional imperative.
Shelton, a long-time advocate for sound monetary policy, argues that the Federal Reserve’s current approach, particularly its focus on “stable inflation,” fundamentally betrays the principles of true monetary integrity.
Shelton’s core argument hinges on the idea that the Federal Reserve’s inflation targeting directly erodes purchasing power. While the Fed aims for a moderate level of inflation, Shelton argues that this constant devaluation of the currency disproportionately harms those with lower incomes and fixed savings, exacerbating wealth inequality.
In essence, she posits that the pursuit of “stable inflation” is a government-sanctioned theft of wealth from ordinary citizens.
Drawing on historical examples, Shelton champions a return to a gold standard as a potential remedy for the current monetary malaise.
She argues that a currency linked to gold, unlike the fiat currency controlled by the Federal Reserve, provides a natural check on government spending and prevents the excessive printing of money that leads to inflation.
A gold standard, according to Shelton, fosters greater price stability and encourages long-term economic planning.
Moreover, Shelton raises concerns about the accuracy of official government inflation statistics, suggesting they often paint a misleading picture of the true economic situation faced by everyday Americans. She believes that these flawed metrics lead to misguided investment decisions, ineffective government policies, and a general lack of transparency about the real state of the economy.
Shelton’s message is a call to action for radical reforms and increased public awareness. She believes that restoring monetary integrity requires a fundamental shift in how we perceive money and the role of the Federal Reserve.
Holding the Fed accountable and demanding sound monetary policy, she argues, is essential for safeguarding the economic future of individuals and the nation as a whole.
Ultimately, Dr. Judy Shelton’s perspective offers a compelling challenge to the status quo, urging a critical re-evaluation of our monetary system and advocating for a return to principles of honesty, transparency, and stability in our currency.
Her call for a return to sound money is not just about economics; it’s about upholding fundamental principles of fairness and accountability that underpin a just and prosperous society.