Seeds of Wisdom RV and Economic Updates Sunday Afternoon 3-02-25

Good Afternoon Dinar Recaps,

WHITE HOUSE CRYPTO CZAR CONFIRMS US TO ESTABLISH RESERVE WITH BITCOIN AND OTHER TOP CRYPTOCURRENCIES

White House Crypto Czar David Sacks has endorsed President Donald Trump’s U.S. Crypto Strategic Reserve, highlighting its inclusion of bitcoin and other top cryptocurrencies to position the U.S. as a global leader.

Trump’s US Crypto Strategic Reserve Sparks Industry Buzz

David Sacks, the White House AI and crypto czar, has expressed support for President Donald Trump’s announcement of a U.S. crypto strategic reserve. In a post on social media platform X, Sacks stated:

"President Trump has announced a Crypto Strategic Reserve consisting of bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the ‘Crypto Capital of the World.’ More to come at the Summit."

On March 2, President Trump outlined the composition and goals of a proposed U.S. crypto reserve on Truth Social. He claimed the initiative would revitalize the cryptocurrency sector, which he said was harmed under the Biden administration. 

Trump stated that his executive order on digital assets directed the Presidential Working Group to develop a Crypto Strategic Reserve, including XRP, SOL, and ADA, aiming to position the U.S. as a global leader in crypto.

 In a follow-up post, he confirmed that BTC and ETH would be central to the reserve, expressing support for bitcoin and ethereum. His statements indicate a push to integrate major cryptocurrencies into national financial policy.

Historically, President Trump’s stance on cryptocurrencies has evolved. Initially skeptical, he has recently adopted a more supportive position, aligning with his promise to establish the U.S. as a hub for cryptocurrency innovation. The issuance of Executive Order 14178 reflects this commitment, directing federal agencies to develop frameworks that support digital asset integration and regulation.

Sacks also announced on Feb. 28 plans for a significant industry event, stating on X: “President Trump will host the first White House Crypto Summit on Friday, March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there!”

The summit is expected to facilitate dialogue between the administration and key stakeholders, further solidifying the U.S.’s leadership role in the global cryptocurrency landscape.

@ Newshounds News™
Source:  Bitcoin News

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INSIDE THE WHITE HOUSE CRYPTO SUMMIT: TRUMP TO LEAD TALKS WITH 25 KEY GUESTS

This Friday, March 7th, marks the first-ever White House Crypto Summit, a key event that aims to shape the future of cryptocurrency policy in the U.S. According to Fox Business, the summit is part of a series designed to replace the previously proposed Crypto Advisory Council, giving the President’s Working Group on Digital Assets a chance to collaborate directly with the crypto industry on key issues.

“The White House announced today that President Trump will host and deliver remarks at the first ever White House Crypto Summit on Friday, March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets,” the press release stated.

Around 25 invitees are expected to attend the summit, though the guest list is still under wraps. It’s anticipated that more details on who will be present will be released soon.

 Some important figures, like David Sacks (the White House’s crypto czar) and Bo Hines, are expected to be involved, which signals a positive direction for crypto legislation and future policy clarity.

The shift from a formal advisory council to these summits suggests a more flexible approach to policymaking, allowing for direct engagement with industry leaders. This is seen as a step in the right direction for crypto, offering a clearer path forward and showcasing the government’s growing support for the industry.

The White House crypto summit is expected to spark important discussions that could influence future legislation and solidify the role of crypto in the U.S. economy. As crypto continues to gain mainstream acceptance, this summit is a strong signal that the government is committed to ensuring its place in the financial landscape.

@ Newshounds News™

Source:  Coinpedia

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DE-DOLLARIZATION: GLOBAL BANK PREDICTS FUTURE OF THE US DOLLAR

Despite de-dollarization, the US dollar rebounded in price as the DXY index, which measures its performance climbed above the 107 mark. The DXY index is now trading at the 107.40 level after surging 0.15% on Friday. The US treasury yields rose this month making the greenback strengthen in the charts. The move pushed gold prices below the $2,900 range making the XAU/USD index trade at $2,860 on Friday’s opening bell.

Leading investment bank Goldman Sachs predicted the future of the US dollar as de-dollarization looms. The global bank weighed the pros and cons of the currency markets and wrote in the latest note to stakeholders that the greenback will make a comeback.

Goldman Sachs Predicts the Future of the US Dollar Amid De-Dollarization

Global investment bank Goldman Sachs wrote in a note that the US dollar could get a boost despite de-dollarization as Trump’s tariffs could uplift the greenback. Goldman Sachs strategists Karen Reichgott Fishman and Lexi Kanter wrote that the US dollar looks attractive due to the tariffs.

Trump has vowed to protect the US dollar amid the onslaught of the de-dollarization agenda kick-started by developing nations. “Ultimately, not all tariffs are equal when it comes to FX,” the strategists wrote 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.”

Therefore, currency investors can take long positions in the US dollar now as its prospects look “more attractive”. Local currencies are under pressure due to tariffs and the USD is coming out on top. The Indian rupee has fallen to a lifetime low while the Chinese yuan and the Japanese yen have dipped to yearly lows. The development indicates that tariffs are working against de-dollarization and placing the US dollar on top.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Sunday Morning 3-02-25

Good Morning Dinar Recaps,

IRAQ’S CENTRAL BANK TO CREATE ITS OWN DIGITAL CURRENCY

Baghdad (IraqiNews.com) – The Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, revealed on Wednesday that the bank is planning to create a digital currency to replace paper notes in transactions with central banks.

During his speech in the 9th edition of the Iraq Finance Expo, Al-Alaq said that fundamental changes will take place in the banking and financial systems, including the limited use of paper notes as they will be replaced by digital currencies in transactions between central banks.

Iraq is seriously examining establishing a data center, according to Al-Alaq, and the CBI has started working on this project as part of the digital transformation process.

Al-Alaq also indicated that Iraq’s financial inclusion rate increased to over 40 percent compared to 20 percent three years ago due to the CBI’s promotion of mobile phone-based electronic wallets that enable bill payment and money transfer.

Over 4,000 ATMs have been installed, and there are roughly 17 million bank cards in use, according to Al-Alaq, and there are now 1.2 million electronic wallets in Iraq.

Iraq’s electronic payment system has been connected to global payment networks, allowing Iraqi bank cards to be used abroad and bank cards issued by foreign banks to be accepted locally.

@ Newshounds News™

Source:  Iraqi News

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BRICS EXTENDS FRIENDLY TIES WITH EUROPE AS US TARIFFS HIT

Europe is extending friendly ties with the BRICS alliance as Trump’s tariffs hit the market in February. Several European leaders have expressed displeasure at Trump’s decision to impose tariffs on close Western allies. BRICS member China is making use of the escalating tensions between the US and Europe and extending cordial relations.

Some countries in Europe are reconsidering their relations with BRICS member China, while others are aiming to diversify their partnerships with Japan and South Korea. Many other European nations are reaching out to India to procure goods. The widening rift between the US and Europe stems out of tariffs and its stance in the Ukraine war.

US Tariffs: Will Europe Get Friendly With BRICS?

However, the European Union faces a mixed approach with BRICS member China as some advocate for partnerships while others take a cautious stance. However, China is making use of the situation and pushing cordial ties with Europe as US tariffs hit the market.

“Europe must take its own decisions, on its own. And we have to decide when China can be a partner and when China is a competitor,” said Spain’s Foreign Minister Jose Manuel Albares. Germany’s chancellor-in-waiting Friedrich Merz said that Trump “does not care much about the fate of Europe”. This gives BRICS a chance to build bridges with Europe as the US is looking to burn it.

“My absolute priority will be to strengthen Europe as quickly as possible so that, step by step, we can really achieve independence from the USA,” said Merz. If Europe extends ties with BRICS countries, the US will remain isolated, and other countries scheme for its downfall.

While Europe is grappling with a realignment, maintaining cordial relations with BRICS member China is not a friendly option. The Communist country aims to dominate the global financial sector and keep the West in the backseat. The US needs to maintain its relations with Europe and not let things fall apart.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

HUGE CHANGE TO IRAQI DINAR JUST ANNOUNCED

The Central Bank of Iraq just announced it will create its own digital currency.

@ Newshounds News™

Source:  The Economic Ninja

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 3-01-25

Good afternoon Dinar Recaps,

RUSSIA WANTS TO REVERSE DE-DOLLARIZATION: WHAT IT MEANS FOR THE US DOLLAR?

The US dollar has always been surrounded by serious foes and enemies, the ones that want to derail its reserve currency status.

To expedite the de-dollarization concept, Russia and China have always been quite vocal about their ideas, adding how they both want to derail the US dollar hegemony by putting forth the idea of the multi-polar currency world.

This roughly sparked the promotion of local currencies on an international scale, jeopardizing the dollar’s supremacy. With the US and EU sanctioning Russia and expelling it out of the SWIFT system, Russia opted for yuan, all while promoting the narrative of de-dollarization at a rapid pace.

But now it seems that things have started to take an interesting turn, with Russia showing a softening stance against the US. What is this all about? Let’s find out.

Tables Turning Around: Trump Supporting Russia

With Donald Trump assuming the role of the US president, his ideas of bolstering the US economy via tariffs have been gaining widespread momentum. Apart from that, another significant development that has caught the world’s attention is Trump’s increased effort to conclude the ongoing Ukraine-Russia war. 

The US president has often been noted stating the gruesome repercussions of the ongoing Russia-Ukraine war, adding that Zelensky should have made a deal to end the war earlier, showing a supportive stance towards Russia.

“I hear that they’re upset about not having a seat. Well, they’ve had a seat for three years and a long time before that. This could have been settled very easily… Russia wants to do something. They want to stop the savage barbarism.”

"You should have never started it. You could have made a deal…I could have made a deal for Ukraine… That would have given them almost all of the land, everything. Almost all of the land—and no people would have been killed, and no city would have been demolished.”

Trump earlier shared how he has the power to end the war.

“I think I have the power to end this war,” he added.

De-Dollarization To End: Russia Praises Trump

On the other hand, Russian PM Vladimir Putin has notably praised Trump’s effort to resolve the ongoing Russia-Ukraine war.

“Let me note that the first contacts with the American administration instill hope. They too are willing to work towards resuming our ties, solving a colossal amount of strategic problems in world architecture.”

In addition to this, Putin also acknowledged how certain external forces are trying to disrupt the budding Russian-US sense of friendship and commitment.

“I understand that not everybody is pleased with the resumption of Russian-American contacts. Some of the forces are interested in keeping hostilities, and they will try to disrupt the emerging dialogue. We will need to use all the possibilities of diplomacy and special forces to firmly defend our national interests.”

With such developments taking place, the Russia-US fostering relationship could ultimately result in a lasting resolution thwarting BRICS efforts of derailing the US dollar. This development can ultimately put a stop to the rising de-dollarization concepts and ideations.

@ Newshounds News™

Source:  Watcher Guru

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RUSSIA DELAYS DIGITAL RUBLE CBDC ROLLOUT

A year ago, the Bank of Russia set July 2025 as the date for the first launch phase of its digital ruble central bank digital currency (CBDC). Now the central bank is delaying the roll out. It follows resistance from merchants, a major banking association, and its largest bank, Sber.

The big bank was excluded from the first wave of banks involved in the pilot, so it only joined this January, a year later than planned. Perhaps its inclusion was delayed to avoid it dominating trials, but that’s speculation. The reality is that six months from the first pilot to launch is rather short for a bank.

Central Bank Governor Elvira Nabiullina announced the delay at a meeting with the Association of Russian Banks (ASROS). However, she said that the pilots are progressing well.

“Our intention is to move on to the mass implementation of the digital ruble somewhat later than originally planned, namely after we have worked out all the details in the pilot and held consultations with banks on the economic model that is most attractive to their clients – for businesses, for people,” the Governor said, as reported by the Association.

The central bank first shared details about the planned business model late last year.

A new schedule has not yet been set, and the central bank did not mention the delay on its website. However, the launch postponement was also reported by the Interfax news agency.

Digital ruble: addressing bank concerns

When banks raised their concerns in the State Duma in December, they highlighted several issues. The main ones were worries about deposit outflows and the costs of implementation.

On the first point, from the start the central bank has appeared unconcerned about this impact. This may be partly because it plans a three phase rollout. Initially larger banks and merchants will join, followed by other banks and mid-sized merchants. The final phase will require non bank providers and all merchants to participate, but that will be two years later.

Regarding the expense, the banking association estimated the cost to a bank could be up to Rubles 100 million ($1.1m). The central bank says it will provide some technical elements to banks free of charge, to help smaller banks.

“For those components that are mandatory from the point of view of information security, we (will) provide these solutions to banks free of charge. This software module for embedding is created and transferred to organizations, and in three different forms, so that banks can choose the most optimal one for their landscape,” said Deputy Governor of the Bank of Russia, Zulfiya Kakhrumanova.

“We provide free cryptographic information protection tools for subordinate certification centers that are deployed by banks, and this is also a significant cost aspect for banks,” she added, according to Interfax.

@ Newshounds News™

Source:  Ledger Insights

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ARIZONA APPROVES BITCOIN RESERVES, BUT WYOMING AND MONTANA ARE SAYING NO – HERE’S WHY

▪Arizona advances crypto legislation - two bills, one establishing a digital asset reserve and another focused on Bitcoin investment

▪While Arizona embraces crypto reserves, other states like Wyoming and Montana reject them due to volatility concerns.

▪Bitcoin's recent price drop fuels skepticism, while predictions suggest federal crypto legislation is forthcoming.

Arizona is pushing ahead with cryptocurrency investment as two Bitcoin reserve bills have passed the Senate, setting the stage for final approval in the state’s House of Representatives.

While states like Wyoming and Montana are rejecting similar measures over concerns about crypto’s volatility, Arizona is doubling down on digital assets.

If these bills pass in the state’s House of Representatives, Arizona could become one of the first states to officially hold Bitcoin in its reserves.

Senate Approves Bitcoin Reserve Bills

On Feb. 27, the Arizona Senate approved the Strategic Digital Assets Reserve bill (SB 1373) in a 17-12 vote, sending it to the House for final approval. Sponsored by Republican Senator Mark Finchem, the bill aims to create a Digital Assets Strategic Reserve Fund, which will be managed by the state treasurer. The fund will include legislative appropriations and crypto assets seized by the state.

To limit risk, the treasurer would be allowed to invest no more than 10% of total fund deposits per fiscal year. However, the state could loan out digital assets to generate returns as long as it doesn’t add financial risk.

Another Bill Aims to Allow Bitcoin Investments

A second Bitcoin-related bill is also moving forward. The Strategic Bitcoin Reserve Act (SB 1025), co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger, passed the Senate with a 17-11 vote.

Unlike Finchem’s bill, which focuses on managing seized crypto assets, SB 1025 allows the state to invest public funds directly into Bitcoin and other cryptocurrencies. This signals Arizona’s growing commitment to incorporating digital assets into its financial strategy.

Crypto Legislation Gaining Momentum Nationwide

Dennis Porter, founder of Satoshi Action Fund, believes federal regulation of cryptocurrencies is inevitable. He predicts lawmakers will first regulate stablecoins, followed by broader market structure rules, and eventually, Bitcoin reserves.

While Arizona and Utah are leading the push for crypto reserves, 18 other states are still waiting for approval. However, not all states are on board—Montana, Wyoming, and others have rejected similar plans, calling Bitcoin too risky.

Trump Weighs Heavy on the Markets

Despite increasing political support for crypto, Bitcoin’s price has taken a hit. The asset dropped below $80K, and analysts fear it could fall further to $70K–$75K. Bitcoin is down 17% this week, with Trump’s tariff policies adding to market uncertainty.

Amid the panic, Michael Saylor jokingly told investors to “sell a kidney if you must, but keep the Bitcoin.” While Saylor continues to advocate for a U.S. Bitcoin reserve, the recent price drop has given skeptics more reason to doubt Bitcoin’s long-term stability.

@ Newshounds News™

Source:  Coinpedia

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BITCOIN NOT FIT FOR SWISS NATIONAL BANK RESERVES, SAYS PRESIDENT

▪The Swiss National Bank president dismissed the idea of holding Bitcoin in reserves due to volatility, liquidity concerns, and security risks.

▪The SNB views cryptocurrencies as a small, volatile "niche phenomenon" unsuitable for central bank reserves.

▪A Swiss initiative is pushing for a public vote to mandate the SNB to include Bitcoin in its reserves.

The Swiss National Bank (SNB) has made its stance on Bitcoin crystal clear—it’s not interested. Despite growing global adoption and a push from Swiss crypto advocates, SNB President Martin Schlegel has firmly rejected the idea of adding Bitcoin to the bank’s reserves.

In a recent interview, he explained why digital assets don’t make the cut, pointing to volatility, liquidity concerns, and security risks.

@ Newshounds News™

Read more:  Coinpedia

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Saturday Morning 3-01-25

Good Morning Dinar Recaps,

CARDANO-XRP BRIDGE GOES LIVE – A GAME CHANGER FOR BOTH ECOSYSTEMS

▪Cardano and XRP Ledger now have a direct connection through the Wanchain bridge.

▪The linkup is a mutually beneficial one for native assets within both ecosystems.

Cardano (ADA) and the XRP Ledger (XRPL), two leading blockchains, have formed a coalition to strive for seamless interoperability. Both ecosystems have launched a new bridge, connecting ADA and XRP, the native coin operating on the XRPL.

Cardano and XRPL Expand Interoperability With New Bridge

TapTools, a digital wallet tracking Cardano trading, brought the attention of the crypto community to the Cardano-XRP bridge. This bridge, which is now live, is facilitated by Wanchain, a decentralized blockchain interoperability solution.

As reported by TapTools, the Cardano-XRP bridge is designed to expand interoperability and liquidity between the two networks. This technical advancement marks a massive milestone for both blockchains, representing the first time they connect via a bridge.

Besides promoting interoperability and liquidity, the bridge will support DeFi adoption and enhance utility for both ADA and XRP.

Historically, both communities have different technological and market positioning. However, they can now leverage the new bridge to interact in unprecedented ways.

Users can utilize the bridge to transfer ADA onto the XRP Ledger and vice versa.

It will also increase the Total Value Locked (TVL) for users exploring Decentralized Finance (DeFi) opportunities on Cardano. This increased interoperability is crucial as the world moves swiftly toward widespread blockchain adoption.

Beyond these benefits, the bridge potentially paves the way for integrating Ripple’s stablecoin, RLUSD, as a bridged asset. It is important to note that the Cardano-XRP bridge operates without centralized control. This means users retain control over their assets without interference from a third party.

Meanwhile, Wanchain will help to preserve the underlying value of wrapped versions of XRP and ADA as they seamlessly interact with applications on the opposite chain. 

Wanchain uses a distributed key generation and secure multi-party computation (MPC) mechanism to ensure assets move safely across different blockchains.

Impact on ADA, XRP, and Broader Market

The Wanchain XRP/Cardano bridge will benefit Cardano and the XRP ecosystems in numerous ways. For Cardano, the bridge will help strengthen users’ appeal for the blockchain as more capital flows into ADA-based DeFi platforms. Our latest report covered that the XRPL Decentralized Exchange has surpassed $20 billion in liquidity, highlighting XRP’s expanding role in DeFi.

Also, thanks to this bridge, XRP users are encouraged to explore Cardano’s ecosystem more. This attention toward the network can lead to greater adoption of Cardano’s native smart contracts and Decentralized Applications (dApps).

Regarding XRP, the new bridge can unlock staking, borrowing, lending, and yield farming opportunities previously unavailable to XRP holders. The bridge can also elevate XRP’s role in multi-chain ecosystems, extending its potential beyond traditional payments and remittances.

For the broader market, the new bridge demonstrates that achieving a more interconnected blockchain environment is possible. It also demonstrates the growing importance of interoperability in the blockchain industry and ensures that cryptocurrencies are not isolated.

@ Newshounds News™

Source:  Crypto News Flash

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BRICS CONFIRMS DEVELOPMENT OF NEW PAYMENT SYSTEMS IN 2025

Brazil, which chairs the upcoming BRICS summit in 2025 confirmed that they plan on the formation of new payment systems. Under the leadership of Brazilian President Luiz Lula da Silva, the alliance will discuss alternative payment options to the US dollar.

The BRICS Sherpas meeting will take the ideas forward and the upcoming 17th summit could see massive changes in the way the bloc operates and settles cross-border transactions.

The move could lead to a paradigm shift in global trade and tilt the financial powers from the West to the East. Developing countries are looking to cut ties with the US dollar and strengthen their local currencies in the forex markets.

The US dollar is in the crosshairs of a major shift that could pave the way for native currencies to take the driver’s seat of the financial markets.

BRICS: New Payment Systems in 2025 Could Be a Reality

Brazil’s President Luiz Lula da Silva made a strong statement saying that BRICS will continue advancing the de-dollarization agenda. The President also added that under their leadership, BRICS will work towards developing new payment systems as an alternative to the US dollar.

“Brazil is going during the period of its presidency to fully develop transparent and safe payment systems,” he said. 

The bloc will work towards launching safe payment systems to uplift their GDP and strengthen their native economies. The move will give a boost in the arm to their local currencies making businesses thrive.

The next BRICS summit is scheduled to be held in Brazil’s Rio De Janeiro on July 6th and 7th. All the nine member countries will meet at the summit and discuss policies and sign new trade deals. Details on the new payment systems could be revealed at the 17th summit in July this year.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Friday Afternoon 2-28-25

Good Afternoon Dinar Recaps,

SEC COMMISSIONER DISSENTS ON AGENCY’S MEMECOIN STANCE

Commissioner Caroline Crenshaw said that the agency’s working definition of memecoins was vague and could be easily misconstrued.

US Securities and Exchange Commission Commissioner Caroline Crenshaw issued a dissenting opinion on the SEC’s recent stance that memecoins are not securities.

According to the commissioner’s Feb. 27 statement, memecoins could satisfy the Howey test’s condition of profiting from the managerial efforts of others due to the coordination between developer teams and promoters.

The commissioner added that most, if not all, cryptocurrencies could be defined as memecoins under the SEC’s recent guidance, which was released on the same day. In this guidance, the agency stated that memecoins represent online social trends with speculative value and high volatility — and are not securities. Commissioner Crenshaw, however, has a different viewpoint:

“Today’s statement paints meme coins as cultural projects whose purpose is entertainment and social engagement. The reality is that meme coins, like any financial product, are issued to make money.”

Memecoins have come into sharper focus following several high-profile scams, hacks and even presidential memecoin launches that threaten the long-term viability of the sector and invite scrutiny from state officials.

US regulators and lawmakers attempt to reign in memecoins

Following US President Donald Trump’s memecoin launch, several Democrat lawmakers, including Elizabeth Warren, called for an investigation into potential ethics violations of the presidential token.

On Feb. 27, California Member of Congress Sam Liccardo announced that House Democrats are prepping a bill that would ban presidential memecoins.

The proposed bill, titled “The Modern Emoluments and Malfeasance Enforcement (MEME) Act,” would prohibit US lawmakers from sponsoring, issuing or endorsing any digital asset.

Moreover, spouses and dependents of US representatives, the president, vice president and senior executive branch officials are also prohibited from issuing or sponsoring memecoins under the bill.

Attorney Elizabeth Davis, former chief attorney at the Commodity Futures Trading Commission (CFTC), recently argued that memecoins should be regulated by the CFTC.

Davis told Cointelegraph that if the commodities regulator is granted regulatory oversight over crypto, then there is a strong likelihood that memecoins will be included in their purview.

The attorney also expressed confidence that comprehensive memecoin regulations would be established in the United States over the next year — putting an end to the regulatory ambiguity surrounding social tokens.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

ARIZONA APPROVES BITCOIN RESERVES, BUT WYOMING AND MONTANA ARE SAYING NO – HERE’S WHY

▪Arizona advances crypto legislation - two bills, one establishing a digital asset reserve and another focused on Bitcoin investment

▪While Arizona embraces crypto reserves, other states like Wyoming and Montana reject them due to volatility concerns.

▪Bitcoin's recent price drop fuels skepticism, while predictions suggest federal crypto legislation is forthcoming.

Arizona is pushing ahead with cryptocurrency investment as two Bitcoin reserve bills have passed the Senate, setting the stage for final approval in the state’s House of Representatives.

While states like Wyoming and Montana are rejecting similar measures over concerns about crypto’s volatility, Arizona is doubling down on digital assets.

If these bills pass in the state’s House of Representatives, Arizona could become one of the first states to officially hold Bitcoin in its reserves.

Senate Approves Bitcoin Reserve Bills

On Feb. 27, the Arizona Senate approved the Strategic Digital Assets Reserve bill (SB 1373) in a 17-12 vote, sending it to the House for final approval. Sponsored by Republican Senator Mark Finchem, the bill aims to create a Digital Assets Strategic Reserve Fund, which will be managed by the state treasurer. The fund will include legislative appropriations and crypto assets seized by the state.

To limit risk, the treasurer would be allowed to invest no more than 10% of total fund deposits per fiscal year. However, the state could loan out digital assets to generate returns as long as it doesn’t add financial risk.

Another Bill Aims to Allow Bitcoin Investments

A second Bitcoin-related bill is also moving forward. The Strategic Bitcoin Reserve Act (SB 1025), co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger, passed the Senate with a 17-11 vote.

Unlike Finchem’s bill, which focuses on managing seized crypto assets, SB 1025 allows the state to invest public funds directly into Bitcoin and other cryptocurrencies. This signals Arizona’s growing commitment to incorporating digital assets into its financial strategy.

Crypto Legislation Gaining Momentum Nationwide

Dennis Porter, founder of Satoshi Action Fund, believes federal regulation of cryptocurrencies is inevitable. He predicts lawmakers will first regulate stablecoins, followed by broader market structure rules, and eventually, Bitcoin reserves.

While Arizona and Utah are leading the push for crypto reserves, 18 other states are still waiting for approval. However, not all states are on board—Montana, Wyoming, and others have rejected similar plans, calling Bitcoin too risky.

Trump Weighs Heavy on the Markets

Despite increasing political support for crypto, Bitcoin’s price has taken a hit. The asset dropped below $80K, and analysts fear it could fall further to $70K–$75K. Bitcoin is down 17% this week, with Trump’s tariff policies adding to market uncertainty.

Amid the panic, Michael Saylor jokingly told investors to “sell a kidney if you must, but keep the Bitcoin.” While Saylor continues to advocate for a U.S. Bitcoin reserve, the recent price drop has given skeptics more reason to doubt Bitcoin’s long-term stability.

@ Newshounds News™

Source:  Coinpedia
~~~~~~~~~

FEBRUARY IN CHARTS: SEC DROPS 6 CASES, MEMECOIN CRAZE COOLS AND MORE

@ Newshounds News™

Read the story:  CoinTelegraph

~~~~~~~~~

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Homes aren’t Getting More Expensive and Gold Just Proved it

Homes aren’t Getting More Expensive and Gold Just Proved it

Taylor Kenny:  2-27-2025

We’re all feeling the squeeze. Whether it’s at the grocery store, the gas pump, or even just contemplating the dream of homeownership, the rising cost of everything is a palpable reality.

While inflation is the word on everyone’s lips, understanding the why behind this economic phenomenon is crucial to protecting your financial future. And a key piece of the puzzle lies in the history of the US dollar and its relationship with gold.

For decades, wages and housing prices largely moved in tandem, reflecting a relatively stable economic environment.

However, a significant shift occurred in 1971 when the U.S. government completely severed the dollar’s link to gold. This pivotal decision unleashed forces that continue to impact our financial lives today.

Prior to 1971, the dollar’s value was directly tied to gold, meaning a certain amount of dollars could be exchanged for a fixed quantity of gold. This provided a natural constraint on the money supply. With the gold standard abandoned, the Federal Reserve gained the ability to print money virtually without limit.

Without the gold standard to tether it, the dollar’s value became increasingly susceptible to inflation. Printing more money effectively dilutes the existing currency, driving up prices for goods and services.

The detachment of the dollar from gold was a watershed moment in modern economic history. While the full ramifications are still unfolding, understanding the link between monetary policy, inflation, and your purchasing power is paramount.

 By taking proactive steps to protect your wealth through diversification, strategic investments, and a proactive approach to financial planning, you can navigate the challenges of dollar devaluation and build a more secure financial future. Remember, knowledge is power, and informed decisions are your best defense against the silent thief of inflation.

Watch the video below from ITM Trading with Taylor Kenney for further insights and information.

https://youtu.be/0W_jjXvQdFg

Seeds of Wisdom RV and Economic Updates Friday Morning 2-28-25

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

~~~~~~~~~

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

Good Evening Dinar Recaps,

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

~~~~~~~~~

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.

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.

https://youtu.be/J2mLTtjhJjk

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-27-25

Good Afternoon Dinar Recaps,

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

~~~~~~~~~

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

Good Morning Dinar Recaps,

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

~~~~~~~~~

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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