Seeds of Wisdom RV and Economic Updates Friday Morning 4-4-25
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COINBASE SAYS FDIC NOT COOPERATING WITH EXCHANGE’S FREEDOM OF INFORMATION REQUEST IN NEW COURT FILING
Coinbase’s legal representatives say the U.S. Federal Deposit Insurance Corporation (FDIC) hasn’t been cooperating with Freedom of Information Act (FOIA) requests.
Coinbase has been attempting to leverage FOIA to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but the top US crypto exchange says the regulator hasn’t been complying with its information requests.
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COINBASE SAYS FDIC NOT COOPERATING WITH EXCHANGE’S FREEDOM OF INFORMATION REQUEST IN NEW COURT FILING
Coinbase’s legal representatives say the U.S. Federal Deposit Insurance Corporation (FDIC) hasn’t been cooperating with Freedom of Information Act (FOIA) requests.
Coinbase has been attempting to leverage FOIA to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but the top US crypto exchange says the regulator hasn’t been complying with its information requests.
Paul Grewal, Coinbase’s chief legal officer, claims the pause letters were part of “Operation Choke Point 2.0,” an alleged attempt by Biden Administration government regulators to stifle the crypto industry.
The exchange hired the law firm History Associates, which filed a motion in January asking a federal court to intervene.
The following month, the court paused the FDIC’s deadline to respond to History Associates’ amended FOIA complaint “so that the parties could engage in a biweekly, informal information-sharing process,” according to the law firm.
Coinbase’s legal representation has requested information regarding the FDIC’s response to its FOIA requests, specifically concerning the regulator’s policy or practice of “failing to conduct complete searches of all relevant databases and failing to take adequate steps to preserve responsive documents.”
In a new motion filed this week, History Associates now says the FDIC is “unwilling to cooperate” with these FOIA requests.
“The only viable path forward is for the case to resume and proceed to litigation of the merits.”
Last month, the FDIC released redacted documents related to its supervision of crypto-related activities, which include pause letters sent to 24 banks as well as communications and records involving other regulated institutions.
House Oversight Committee Chairman James Comer (R-KY) subsequently sent a letter to FDIC Acting Chairman Travis Hill requesting unredacted copies of the documents.
@ Newshounds News™
Source: DailyHodl
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BRICS: 2 COUNTRIES OFFICIALLY LOOK TO TRADE IN LOCAL CURRENCIES
BRICS members Brazil and China have officially agreed to settle cross-border payments in local currencies rather than the US dollar. Brazilian authorities support expanding the use of national currencies and are looking at opportunities to increase the payment option. The Luiz Lula da Silva administration is gearing up to end reliance on the US dollar before the upcoming summit.
BRICS: Brazil & China Look at Local Currencies For Trade Settlements
Both the BRICS members Brazil and China are drawing plans to push local currencies forward for mutual payments. Brazil’s Secretary of the Finance Ministry Tatiana Rosito said that some trade between the two countries is already being settled in national currencies and not the US dollar. Lula da Silva had previously stated that the alliance must slowly end dependency on the US dollar.
“The trade in local currencies is already underway, for example, between Brazil and China,” said Rosito. She added that Brazil fully supports using local currencies and is chalking out plans to make it a reality. “No obstacles exist to that on the side of Brazil,” the official said.
“Therefore, the goal of BRICS is to expand the use of local currencies in any way that will make it possible to reduce costs and will be of interests for association’s members,” said Rosito. She also highlighted how the BRICS bank ‘New Development Bank’ helps the alliance bypass the dominance of the US dollar.
“Opening of this bank reflects the aspiration of BRICS members to proactively participate in transformation of the economic and financial order,” using local currencies, Rosito summed it up. In conclusion, the de-dollarization agenda is alive and thriving in 2025 as the alliance members are forging new ties.
@ Newshounds News™
Source: Watcher Guru
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INSTITUTE OF PEACE’ DELETED ONE TERABYTE OF DATA TO COVERUP THEIR CRIMES, BUT DOGE FOUND IT… | Revolver
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Keith Weiner: 2025 is the Perfect Storm for Gold
Keith Weiner: 2025 is the Perfect Storm for Gold
Palisades Gold Radio: 4-2-2025
Tom Bodrovics welcomes back Keith Weiner for a discussion on the growing interest in gold as a hedge against economic instability and the risks associated with fiat currencies.
Weiner highlighted that while some investors are drawn to gold due to its rising price momentum, others view it as a long-term insurance against the flaws inherent in government-backed money.
He explained that governments often borrow without a clear plan to repay, leading to an unsustainable debt situation. This has led individuals and countries to seek alternatives like gold, which is seen as a stable store of value unaffected by monetary policy or political whims.
Keith Weiner: 2025 is the Perfect Storm for Gold
Palisades Gold Radio: 4-2-2025
Tom Bodrovics welcomes back Keith Weiner for a discussion on the growing interest in gold as a hedge against economic instability and the risks associated with fiat currencies.
Weiner highlighted that while some investors are drawn to gold due to its rising price momentum, others view it as a long-term insurance against the flaws inherent in government-backed money.
He explained that governments often borrow without a clear plan to repay, leading to an unsustainable debt situation. This has led individuals and countries to seek alternatives like gold, which is seen as a stable store of value unaffected by monetary policy or political whims.
Weiner also touched on the concept of "zombie credit," where corporations struggle to service their debts, particularly in the face of rising interest rates. The conversation delved into the geopolitical implications of de-dollarization and how countries are increasingly recognizing the limitations of relying solely on the US dollar for trade and reserves.
Despite efforts by governments to create alternative currencies or payment systems, Weiner argued that these initiatives often fail due to a lack of trust and cohesion among nations.
Additionally, Weiner discussed the impact of tariffs on global trade and their effect on debt servicing, noting how such policies can exacerbate financial instability.
He also explored the differences between gold and silver markets, emphasizing that gold is more attractive to institutional investors as it offers a hedge against broader economic risks without the same level of volatility or storage challenges.
Throughout the interview, Weiner emphasized the fundamental drivers behind gold's rise, including the decline in confidence in fiat currencies, the increasing debt levels globally, and the search for safe-haven assets.
He concluded by noting that while gold faces short-term corrections, its long-term bullish trajectory remains intact due to ongoing structural economic issues and the relentless demand from both individual and institutional investors seeking stability amidst uncertainty.
In summary, the interview underscored the role of gold as a critical hedge against an increasingly unstable financial landscape, driven by flawed monetary policies, geopolitical tensions, and the search for safe-haven assets.
Talking Points From This Episode
0:00 - Introduction
0:38 - 2025 Gold Outlook
7:25 - The Dollar Vs. Gold
13:20 - Fiscal Responsibility
19:46 - Dollar System & Debt
25:58 - Usefulness of Tariffs?
30:25 - Fed & Inflation Fight
35:49 - Rates & Defaults
39:18 - Perfect Storm for Gold?
40:54 - Gold Vs. Silver Demand
45:00 - Metal Demand & London
51:20 - Gold Spreads & Traders
53:42 - Gold Bull Outlook
56:14 - Wrap Up
Iraq Economic News and Points to Ponder Thursday AM 4-3-25
World Gold Council: 29% Of Central Banks Plan To Purchase Gold By 2025
Economy gold buying countries 2025-04-01 00:20 Shafaq News/ The World Gold Council confirmed on Tuesday that 29% of countries' central banks intend to purchase the precious metal in 2025. The council said in a report seen by Shafaq News Agency that
"29% of countries' central banks intend to purchase gold during the current year," noting that
"the purchases are due to the desire to restore balance to a more strategic level in these reserves,
financial market concerns, as well as the increased risks of crises and rising inflation."
World Gold Council: 29% Of Central Banks Plan To Purchase Gold By 2025
Economy gold buying countries 2025-04-01 00:20 Shafaq News/ The World Gold Council confirmed on Tuesday that 29% of countries' central banks intend to purchase the precious metal in 2025. The council said in a report seen by Shafaq News Agency that
"29% of countries' central banks intend to purchase gold during the current year," noting that
"the purchases are due to the desire to restore balance to a more strategic level in these reserves,
financial market concerns, as well as the increased risks of crises and rising inflation."
He added that
"gold continues to attract the attention of central banks as a reserve asset," noting that
"increasingly complex geopolitical and financial factors make managing gold reserves more important than ever." He pointed out that
"central banks added
1,037 tons of gold in 2023, the second-highest annual purchases in history, after setting a record of
1,082 tons in 2022."
Iraq has gold reserves of 162.7 tons,
ranking 28th among countries with the highest reserves of the precious metal.
https://shafaq.com/ar/اقتصـاد/المجلس-العالمي-29-من-البنوك-المركزية-للدول-تعتزم-شرا-الذهب-العام-2025
Gold Prices Rise Ahead Of US-China Tariffs
Wednesday, April 2, 2025 | Economic Number of reads: 189 Baghdad / NINA / Gold prices extended their gains on Wednesday, after hitting a record high in the previous session, as investors sought a safe haven in the yellow metal in anticipation of the potential impact of mutual tariffs between the United States and China.
The price of spot gold rose 0.7% to $3,131.25 per ounce, as of 02:40 GMT.
The price of gold reached an all-time high of $3,148.88 on Tuesday.
US gold futures rose 0.4% to $3,159.90.
Philip Newman, managing director of Metals Focus, said: "The main reason behind these consecutive record highs is safe haven buying, and the geopolitical uncertainty that supports this shows no signs of abating."
Some of the uncertainty that has rocked markets this year is expected to dissipate after President Trump unveils his tariff plan on Wednesday.
Newman said that a slowing US economy, a potential rise in inflation, and lower interest rates could pave the way for gold to reach $3,300 in the coming months.
Markets are in suspense ahead of US tariffs scheduled to be imposed later today, which President Donald Trump has dubbed "Liberation Day."
Trump's tariff policies could exacerbate inflation, slow economic growth, and escalate trade disputes.
Gold is considered a hedge against global instability and inflation and thrives in a low interest rate environment.
Spot silver rose 0.2% to $33.82 an ounce, platinum gained 0.8% to $987.66, and palladium advanced 0.7% to $990.45. /End https://ninanews.com/Website/News/Details?key=1195305
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Thursday Morning 4-3-25
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CIRCLE FILES FOR INITIAL PUBLIC OFFERING, PLANS TO LIST ON NYSE UNDER TICKER SYMBOL “CRCL”
Circle files for an IPO to list on the NYSE under the ticker "CRCL" with a focus on growing stablecoin revenue and market presence.
▪️Circle files for an IPO aiming to list on the NYSE under the ticker symbol “CRCL” with uncertain share pricing.
▪️Circle reports $1.68 billion in revenue for 2024 driven by interest from USDC reserve assets.
▪️Circle’s IPO marks its first attempt at a traditional public listing after a failed SPAC merger.
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CIRCLE FILES FOR INITIAL PUBLIC OFFERING, PLANS TO LIST ON NYSE UNDER TICKER SYMBOL “CRCL”
Circle files for an IPO to list on the NYSE under the ticker "CRCL" with a focus on growing stablecoin revenue and market presence.
▪️Circle files for an IPO aiming to list on the NYSE under the ticker symbol “CRCL” with uncertain share pricing.
▪️Circle reports $1.68 billion in revenue for 2024 driven by interest from USDC reserve assets.
▪️Circle’s IPO marks its first attempt at a traditional public listing after a failed SPAC merger.
Circle, the issuer of the USD Coin (USDC), has officially filed an S-1 application with the Securities and Exchange Commission (SEC), signaling its intent to go public. The firm submitted its filing on April 1 which reveals its intention to trade Class A common stock on the New York Stock Exchange under the market identifier “CRCL.”
The filing did not reveal the number of shares Circle plans to offer or the anticipated pricing range. As a result, the company’s valuation remains uncertain. However, it was disclosed that the shares sold by Circle will contribute proceeds directly to the company, while those sold by existing shareholders will not.
Underwriting duties for the IPO are being led by JPMorgan and Citigroup. The firms hold a 30-day right to buy extra shares for any portion exceeding original subscription levels.
Financial Performance and Revenue Growth
Circle’s financial data for 2024 offers a closer look at its performance. The company reported total revenue and reserve income of $1.68 billion, an increase from $1.45 billion in 2023. The bulk of its revenue came from reserve income tied to interest on assets backing the USDC. Operating expenses for the year amounted to $491.7 million, with compensation costs making up the largest portion at $263.4 million.
The net income from continuing operations at Circle reached $156.9 million last year despite a decrease from $271.5 million the previous year. The financial results showed a notable improvement compared to the previous year when Circle recorded a loss of $761.8 million. Adjusted EBITDA financial results for Circle reached $284.9 million in 2024.
Share Structure and Corporate Governance
Circle intends to adopt a three-tier share structure once it goes public. Class A shares, offered in the IPO, will carry one vote per share. Class B shares, which are held by co-founders Jeremy Allaire and Patrick Sean Neville, carry five votes per share. However, these shares are capped at 30% of total voting power. Class C shares carry no voting rights but are convertible under certain conditions.
This structure ensures Circle does not qualify as a “controlled company” under NYSE governance rules following the IPO.
A New Attempt at Going Public
This filing marks Circle’s first attempt at a traditional IPO after its failed merger with a special purpose acquisition company (SPAC) in 2021. The company’s shares have no prior public market. The timing of the IPO coincides with growing stablecoin adoption and increasing regulatory interest in digital dollar infrastructure.
Circle’s IPO remains subject to regulatory review and market conditions. More details on the pricing and share volume will be disclosed in an updated filing before the listing date.
@ Newshounds News™
Source: CryptoNewsLand
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STABLECOIN TRANSPARENCY BILL PASSES HOUSE COMMITTEE WITH OVERWHELMING VOTE
The STABLE Act has cleared the House Financial Services Committee, even as scrutiny of Trump-linked stablecoin ventures mounts.
The House Financial Services Committee voted to advance stablecoin legislation Wednesday, approving the STABLE Act with 32 members in favor and 17 opposed.
The bill, formally named the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, would create a framework for dollar-denominated stablecoins, including reserve requirements and anti-money laundering standards.
During the markup session's opening remarks, House Financial Services Committee Chair French Hill stressed how blockchain technology "continues to transform the way money moves."
Hill stated that the bill forms part of their "ongoing efforts" to promote "financial innovation through sound digital asset policy. "
The vote proceeded despite controversy over President Donald Trump's family's connections to crypto ventures, including their foray into stablecoins with USD1 through World Liberty Financial.
Early in the session, Democrats raised concerns about potential conflicts of interest, suggesting amendments to prevent the president and cabinet members from offering stablecoin products while in office.
Those concerns connect with an earlier statement by Rep. French Hill from Monday that Trump's crypto dealings have made drafting stablecoin legislation "more complicated."
The legislation now faces two more hurdles before becoming law. After the markup, it will be reported out of committee and scheduled for consideration by the House of Representatives.
Both the House and Senate must align their approaches, with key differences in state versus federal regulation and the treatment of foreign issuers such as Tether.
The GENIUS Act, a separate version from the Senate, will be considered alongside it.
Once the STABLE bill passes the House, it will move to the Senate, where it will undergo a similar process of committee consideration before potentially reaching the Senate floor for a vote.
If both chambers approve the bill, any differences between the House and Senate versions would need to be reconciled before the final legislation could be sent to the President for signature or veto.
Wednesday's development marks the committee's second attempt to advance stablecoin legislation. A previous effort in 2023 stalled amid partisan disagreements under the Biden administration.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Wednesday Evening 4-2-25
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US DOLLAR DAYS ARE NUMBERED: 2 ALTERNATIVE ASSETS THAT COULD REPLACE USD
The US dollar is currently standing on the precipice of a radical change, a transformation that intends to strip the USD bare of its reserve currency status. The US dollar has been encountering steep fluctuations in its price, with major non-traditional reserve currencies giving stiff competition to the dollar.
With Trump’s rising trade war narratives, the US dollar has been suffering the most out of the lot, with new alternatives busy challenging the American currency’s dominance at a rapid pace. Will the US dollar be able to survive this new development? Let’s find out.
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US DOLLAR DAYS ARE NUMBERED: 2 ALTERNATIVE ASSETS THAT COULD REPLACE USD
The US dollar is currently standing on the precipice of a radical change, a transformation that intends to strip the USD bare of its reserve currency status. The US dollar has been encountering steep fluctuations in its price, with major non-traditional reserve currencies giving stiff competition to the dollar.
With Trump’s rising trade war narratives, the US dollar has been suffering the most out of the lot, with new alternatives busy challenging the American currency’s dominance at a rapid pace. Will the US dollar be able to survive this new development? Let’s find out.
The World Order Is Changing: Will The USD Be Able To Withstand This Change?
It all started with a new statement made by Larry Fink, the CEO of financial giant BlackRock. Fink, in his annual company letter, shared a new analysis, adding how the US dollar could lose its dominance to Bitcoin. This statement made a pivotal impact on the current financial mindset of the world, where BTC seems to be taking the lead over major world assets.
“If the U.S. doesn’t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.” Fink shared
In addition to this, Deutsche Bank had also echoed a similar stance earlier, adding how US dollar dominance is currently in grave jeopardy.
“We do not write this lightly. But the speed and scale of global shifts are so rapid that this needs to be acknowledged as a possibility. It is hard to overestimate the scale of change taking place in global economic and geopolitical relations in a matter of days.” As stated by George Saravelos, the bank’s global head of FX strategy, in a note to clients.
The Trump administration has also shown a steadfast approach toward expediting crypto proceedings. Trump has recently announced a crypto reserve with coins like BTC, ETH, XRP, ADA, and SOL included in the lot.
The US government is also exploring stablecoins as capable instruments to keep the US dollar’s dominance intact. However, the fact cannot be denied that Bitcoin is now being viewed as digital gold, another safe haven asset that could protect investors from stark USD volatility.
Another Asset Threatens the American Currency’s Dominance
Apart from Bitcoin, the steady rise of gold is also damaging the US dollar’s prestige in the long haul. Central banks all over the world have lately been diversifying their reserves, hoarding gold aggressively in the process. This demand has spiked XAUs value to new highs, threatening the age-old established world order.
“According to the IMF figures not updated for 2024, central banks’ gold holdings have surged by roughly 200 million troy ounces (6,221 tonnes) from 2006 to 1.16 billion troy ounces, driven largely by China and Russia,” Richter wrote. “The increases in China and Russia alone represent nearly 60% of the total increase since 2006. “ In dollar terms, these gold holdings at today’s price amount to $3.65 trillion.” As stated by Wolf Richter, Kitco writer and Wall Street analyst.
With Trump’s decision to announce further tariffs on April 2nd, the world could again witness sharp dollar volatility if the tariff spree escalates the global trade war narrative. With this, the investor sentiment could continue to favor Bitcoin and gold as safe haven assets, detailing the US dollar further in the process.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
BRICS: HERE’S HOW TRUMP’S RECIPROCAL TARIFFS WILL IMPACT THE US DOLLAR
Since his return to the White House, US President Donald Trump has sought to end global de-dollarization. In pursuit of that, he has targeted the BRICS alliance with 150% tariffs, as Trump is now set to levy reciprocal tariffs on the entire world, with the US dollar bound to be affected.
Since his election win in late 2024, he has placed a massive target on the BRICS bloc. Specifically, he sought to end any talks of local currency promotion within the global south. However, this move is less about the status of the greenback and more about balancing global trade. So, what impact will it have on the asset?
BRICS & The World to Face Trump Tariffs on US ‘Liberation Day’: How Will the US Dollar Respond?
US President Donald Trump has been hyping up his April 2nd announcement as the country’s ‘Liberation Day.’ The administration is set to unveil a string of tariffs that seek to balance global trade, with nations like Israel and India already announcing an end to their tariffs on US goods to curtail the action.
Now, more than just the BRICS bloc is targeted by these Trump reciprocal tariffs, so the question is, just what will they do to the US dollar? Indeed, the returning president has continuously sought to secure the greenback’s status. Yet, the economic policy is bound to affect it internationally.
Rather surprisingly, the US dollar is expected to stabilize over the coming months, according to a Reuters report. However, it is still set to be affected by “mounting worries about the economic impact of President Donald Trump’s erratic tariff announcements,” strategists told the publication.
“Over one-third of strategies surveyed in the past few days also expressed concern about the greenback’s traditional role in the currency market as a safe haven,” they added. Indeed, the aggressive policy could threaten the currency in a myriad of ways.
Just this week, BlackRock CEO Larry Fink expressed concern regarding the US dollar’s status. Specifically, he noted that Bitcoin’s rise could affect it. Interestingly enough, Trump has been the driving force of that rise. Altogether, the dollar could be subject to increased pressure, proving the BRICS bloc right in its continued de-dollarization efforts.
@ Newshounds News™
Source: Watcher Guru
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SUMMARY OF PRESIDENT TRUMP'S RECIRPOCAL TARIFF ANNOUNCEMENT:
1. Tariffs imposed on 50+ countries in announcement
2. Tariffs are 50% of rates imposed on US, by country
3. 10% baseline tariff on all countries worldwide
4. 25% auto tariffs on all foreign made vehicles
5. Trump says tariffs will "give the US growth"
6. Trump plans to announce "largest tax cut in US history"
7. Baseline tariffs go into effect April 5th
8. Reciprocal tariffs go into effect April 9th
This is the largest tariff announcement in US history.
@ Newshounds News™
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Economist’s “News and Views” 4-2-2025
Economic Breakdown as Stock Market Crashes with Chris Vermeulen
WTFinance: 4-2-2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Chris Vermeulen.
Chris is the Founder & Chief Market Strategist at The Technical Traders. During our conversation we spoke about his views on the market, risk of a crash, shift of momentum, precious metals, how long do cycles last and more. I hope you enjoy!
Economic Breakdown as Stock Market Crashes with Chris Vermeulen
WTFinance: 4-2-2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Chris Vermeulen.
Chris is the Founder & Chief Market Strategist at The Technical Traders. During our conversation we spoke about his views on the market, risk of a crash, shift of momentum, precious metals, how long do cycles last and more. I hope you enjoy!
THE US DOLLAR WILL LOSE ITS WORLD RESERVE CURRENCY STATUS AND IT WILL CHANGE EVERYTHING.
Greg Mannarino: 4-2-2025
Bill Holter: COMEX Sees Massive Amount Of Gold Stand For Delivery With 'Reciprocal Tariffs' On Deck
Arcadia Economics: 4-2-2025
The reciprocal tariffs are set to go into effect today, and it's happening at a time when we're continuing to see massive amounts of gold flow from London and stand for delivery in New York.
Of course we've even see the price rallying in response, and in today's show, Bill Holter checks in to talk about the impact of the tariffs, and what he's seeing in the precious metals markets.
To find out more, click to watch the video now!
Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-2-25
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CRYPTO-BACKED CANDIDATES WIN FLORIDA SPECIAL ELECTION, HEAD TO U.S. HOUSE
Two Republican candidates supported by the crypto-funded political action committee Fairshake have secured seats in the US House of Representatives following special election in Florida, marking a notable win for the digital asset industry.
Jimmy Patronis emerged victorious in Florida’s 1st Congressional District, defeating Democrat Gay Valimont with 57% of the vote, according to Associated Press data.
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CRYPTO-BACKED CANDIDATES WIN FLORIDA SPECIAL ELECTION, HEAD TO U.S. HOUSE
Two Republican candidates supported by the crypto-funded political action committee Fairshake have secured seats in the US House of Representatives following special election in Florida, marking a notable win for the digital asset industry.
Jimmy Patronis emerged victorious in Florida’s 1st Congressional District, defeating Democrat Gay Valimont with 57% of the vote, according to Associated Press data.
Meanwhile, Randy Fine clinched the 6th District seat with 56.7% support, overcoming public school teacher Josh Weil. These elections filled vacancies left by Matt Gaetz and Mike Waltz, respectively—the latter recently taking up a post as White House national security adviser.
GOP Tightens Grip on Long-Held Florida Districts Amid Narrowing Margins
Both districts have traditionally been Republican strongholds for the past three decades, though recent cycles have shown narrowing margins. The latest victories further solidify GOP control in these areas.
Fairshake, a crypto-focused PAC backed by major industry players such as Coinbase, Ripple, and venture capital firm Andreessen Horowitz, spent heavily in support of both candidates.
The PAC invested approximately $1.16 million on behalf of Fine and $347,000 to bolster Patronis’s campaign.
Both incoming representatives have openly supported the cryptocurrency industry. In a January 14 post on X (formerly Twitter), Fine declared, “Floridians want crypto innovation!”
Fairshake has played an increasingly influential role in US politics, channeling roughly $170 million into the 2024 election cycle to support candidates aligned with pro-crypto legislation.
With Patronis and Fine entering the House, Republican representation rises to 220 seats, while Democrats hold 213. Two additional seats remain vacant following the recent deaths of Representatives Sylvester Turner (D-TX) and Raúl Grijalva (D-AZ) earlier this month.
While the GOP would have retained its House majority regardless of the Florida outcomes, the added support strengthens the likelihood of advancing crypto-related legislation in Congress.
Several bills are already in play, including the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which passed the Senate Banking Committee in mid-March with bipartisan support.
Rep. Ro Khanna Says Crypto Legislation Could Pass This Year
At the Digital Assets Summit on March 18, Democratic Representative Ro Khanna expressed optimism that Congress could pass both a stablecoin framework and a broader crypto market structure bill this year.
In addition, Senator Cynthia Lummis recently reintroduced a bill to establish a Strategic Bitcoin Reserve, a move that aligns with ongoing Republican efforts to bolster U.S. leadership in digital asset infrastructure.
@ Newshounds News™
Source: 99Bitcoins
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TED CRUZ INTRODUCES FLARE ACT TO REPURPOSE FLARED GAS FOR BITCOIN MINING
The Texas Senator’s Facilitate Lower Atmospheric Released Emissions bill aims to make the state “the number one place for Bitcoin mining.”
U.S. Senator Ted Cruz (R-TX) has introduced a new bill aiming to turn waste energy into electricity for Bitcoin mining.
The Facilitate Lower Atmospheric Released Emissions (FLARE) Act, introduced on March 31, is geared towards making waste energy productive by capturing gas that would otherwise be flared or vented. The plan is to incentivise this capture by offering full expensing for property used to capture that gas.
Cruz specifically pointed to crypto mining as a direct output of this extra energy. In a statement announcing the bill’s introduction, he said that it, “takes advantage of Texas’s vast energy potential, reinforces our position as the home of the Bitcoin industry, and is good for the environment.”
The Senator affirmed his commitment to "making Texas the number one place for Bitcoin mining,” adding that the FLARE Act, “incentivizes entrepreneurs and crypto miners to use natural gas that would otherwise be stranded."
The U.S. focused bill specifically names competitive countries that shall not be allowed to participate in the scheme, including China, Iran, North Korea and Russia.
In a press release from Cruz’s office, Hailey Miller, Director of Government Relations & Public Policy at the Digital Power Network, praised the new bill, saying that Bitcoin miners are “uniquely positioned to help reduce emissions by harnessing stranded and wasted energy sources.”
Miller added that the FLARE Act “ensures that American energy producers have the tools to deploy cutting-edge solutions that make our energy markets more efficient and resilient."
The new Act would specifically, "amend the Internal Revenue Code of 1986 to provide for permanent full expensing for property used to capture gas that would otherwise be flared or vented and to use such gas in value-added products."
This measure should also help to enhance grid resilience while offering new electricity and "other useful outputs."
Cruz’s bill comes after U.S. President Donald Trump pledged to ensure that “all remaining Bitcoin” would be mined in the U.S. as part of his reelection campaign. Bitcoin advocates have long held that mining the cryptocurrency could be a means of harnessing waste energy from natural gas flaring, the practice of burning off excess gas that can’t be economically captured or transported.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-1-25
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MASTERCARD WORKING ON BLOCKCHAIN TO CONNECT TRADFI AND CRYPTO: REPORT
Mastercard is developing a blockchain-powered Multi-Token Network to connect traditional financial institutions with the digital asset space.
The initiative, led by Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, aims to provide a compliant, user-friendly experience for moving digital assets, similar to Venmo or Zelle, according to Business Insider
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MASTERCARD WORKING ON BLOCKCHAIN TO CONNECT TRADFI AND CRYPTO: REPORT
Mastercard is developing a blockchain-powered Multi-Token Network to connect traditional financial institutions with the digital asset space.
The initiative, led by Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, aims to provide a compliant, user-friendly experience for moving digital assets, similar to Venmo or Zelle, according to Business Insider
Mastercard is positioning itself as a key infrastructure provider in the growing blockchain ecosystem. By integrating its vast payment network with blockchain technology, the company seeks to enable seamless transactions between fiat and crypto markets.
Dhamodharan highlighted that financial institutions are increasingly interested in blockchain due to its potential to create new business models.
Mastercard partnerships
The network has already secured partnerships with JPMorgan and Standard Chartered, focusing on cross-border payments, tokenized deposits, and carbon credit transactions.
Mastercard has also introduced over 100 crypto-focused card programs worldwide, allowing its 3.5 billion cardholders to interact with digital assets.
Since 2015, Mastercard has filed over 250 blockchain-related patents and backed 43 startups in the sector. Recent collaborations include a November 2024 integration with JPMorgan to improve cross-border settlements and a February 2025 partnership with Ondo Finance to bring institutional financial assets on-chain.
Mastercard’s blockchain expansion comes as U.S. regulators provide more clarity on digital assets, encouraging traditional finance firms to engage with crypto. Dhamodharan believes the company is well-positioned to capitalize on this momentum, leveraging its scale to drive broader blockchain adoption.
@ Newshounds News™
Source: Crypto News
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UK DIGITAL ASSET EXCHANGE ARCHAX EXPANDS TO US WITH ACQUISITION
UK digital asset exchange Archax has acquired Globacap Private Markets Inc. (Globacap PMI) a US regulated broker dealer and alternative trading system (ATS). It bought the US company from fellow British startup Globacap which provides workflow solutions for private markets and is also active in the digital assets sector.
"The acquisition of Globacap PMI in the US builds on the strong partnership we already have with them in the UK, and is a part of that global strategy," said Graham Rodford, CEO and co-founder of Archax.
“In particular, we want to help support institutional market participants transition from traditional to digital assets and give them the regulated tools and services they need to do that. The US is an enormous and important global market – and with the recent change of government and new, clearer and more open regulated landscape, it is important for firms in our space to have a clear US strategy – and this transaction gives us just that.”
Archax has a multilateral trading facility (MTF) license in the UK and recently acquired a Spanish broker to give it a footprint in the EU. It trades both cryptocurrencies and tokenized securities, targeting institutions. It grabbed headlines when it revealed the big UK asset manager abrdn as an investor in 2022.
To date its tokenization efforts has especially focused on funds, but also bonds and carbon credits. In January it announced plans to tokenize existing equities and government debt so they are usable as DLT-based collateral.
@ Newshounds News™
Source: Ledger Insights
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Gold Reset On The Horizon | John Rubino
Gold Reset On The Horizon | John Rubino
Liberty and Finance: 3-31-2025
The global economic landscape is anything but tranquil, and in a recent interview with Liberty and Finance, financial expert John Rubino dissected the key factors driving market volatility, from soaring gold prices to the potential for a currency reset and the surprising movements in the silver market.
Rubino offered a stark yet insightful perspective on the interplay between central bank actions, geopolitical tensions, and the surge of retail investors influencing previously established market dynamics.
Gold Reset On The Horizon | John Rubino
Liberty and Finance: 3-31-2025
The global economic landscape is anything but tranquil, and in a recent interview with Liberty and Finance, financial expert John Rubino dissected the key factors driving market volatility, from soaring gold prices to the potential for a currency reset and the surprising movements in the silver market.
Rubino offered a stark yet insightful perspective on the interplay between central bank actions, geopolitical tensions, and the surge of retail investors influencing previously established market dynamics.
The surge in gold prices has been a major talking point, and Rubino points a finger directly at central banks as a primary driver. Their voracious appetite for gold, accumulating reserves at an unprecedented pace, is fundamentally altering the supply-demand equation.
This central bank accumulation, often driven by a desire to diversify away from the dollar and hedge against geopolitical risks, adds significant upward pressure on the precious metal. Rubino suggests this trend signifies a growing unease amongst global institutions about the stability of the current financial system, potentially foreshadowing a larger shift.
Beyond central bank buying, Rubino emphasizes the crucial role of geopolitical instability in fueling gold’s rise. From the ongoing conflict in Ukraine to rising tensions in the South China Sea, the global political landscape is fraught with uncertainty. This instability drives investors towards safe-haven assets like gold, further accelerating its upward trajectory.
Rubino doesn’t shy away from discussing the possibility of a currency reset, a scenario where the existing international monetary system undergoes a significant overhaul.
He argues that the unsustainable levels of debt in many developed nations, coupled with geopolitical pressures, could force a realignment of global currencies. In such a scenario, gold would likely play a crucial role as a stabilizing force and a store of value.
The conversation also delves into the often-overlooked silver market, where retail investors have attempted to orchestrate a “squeeze,” aiming to drive up prices by overwhelming short sellers. While the initial attempts saw limited success, Rubino highlights the potential for retail investors to exert increasing influence on market dynamics, particularly in smaller, more volatile markets like silver.
This signals a democratization of investing, where ordinary individuals can collectively challenge established market participants.
Rubino is critical of government interventions in markets, arguing that they often create distortions and unintended consequences. He points to instances where governments have attempted to manipulate currency values or artificially suppress interest rates, arguing that these actions ultimately undermine market efficiency and create long-term instability.
He believes that allowing markets to operate freely, while potentially leading to short-term volatility, is essential for long-term economic health.
The discussion extends beyond the purely financial realm, exploring the evolving political landscape in Europe. Rubino notes the rise of populist movements across the continent, driven by concerns about immigration, economic inequality, and the perceived erosion of national sovereignty.
He suggests that these political shifts could have significant implications for European economies, potentially leading to increased fiscal spending and further instability within the Eurozone.
Finally, Rubino addresses the current state of the real estate market, warning of potential risks amidst rising interest rates and affordability challenges. He suggests that investors should exercise caution and carefully assess the fundamentals of individual markets before making investment decisions. While opportunities may exist, the overall outlook for the real estate market appears less favorable than in recent years.
John Rubino’s insights paint a picture of a global economy facing significant challenges. His analysis underscores the importance of understanding the interplay between central bank actions, geopolitical risks, and market dynamics.
Ultimately, he advocates for a prudent and prepared approach to investing, emphasizing the value of diversification, sound money principles, and a critical assessment of the information driving market narratives. In a world of increasing uncertainty, Rubino’s perspective offers a valuable framework for navigating the turbulent waters ahead.
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 4-1-25
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US LAWMAKER WILL REINTRODUCE CRYPTO RETIREMENT BILL TO HELP TRUMP AGENDA
Senator Tommy Tuberville introduced the Financial Freedom Act in 2022 and 2023. Both times, the legislation failed to get out of committee.
For the second time, Alabama Senator Tommy Tuberville is set to reintroduce a bill aimed at allowing Americans to add cryptocurrency to their retirement savings plans.
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US LAWMAKER WILL REINTRODUCE CRYPTO RETIREMENT BILL TO HELP TRUMP AGENDA
Senator Tommy Tuberville introduced the Financial Freedom Act in 2022 and 2023. Both times, the legislation failed to get out of committee.
For the second time, Alabama Senator Tommy Tuberville is set to reintroduce a bill aimed at allowing Americans to add cryptocurrency to their retirement savings plans.
In a March 31 Fox News interview, Tuberville said he planned to reintroduce his “Financial Freedoms Act” legislation after two failed attempts to get the legislation through Congress in 2022 and 2023. In announcing the bill, the Alabama senator said he wanted to help US President Donald Trump’s perceived role as a “crypto president.”
“Give people a chance to breathe for once [...] let them do what they do best [which] is invest their money,” said the senator.
The Financial Freedom Act, which Tuberville first introduced in the US Senate in May 2022, proposed scaling back regulations with the Department of Labor over the types of investments used in 401(k) retirement plan fiduciaries. The senator said he would reintroduce the bill on April 1, but congressional records showed no movement at the time of publication.
Wyoming Senator Cynthia Lummis was a cosponsor of the 2023 bill, but at the time of publication, it was unclear whether she intended to support it again. In a 2022 interview, the Republican senator said she was “very comfortable with making sure that people can include Bitcoin in their retirement funds.”
Crypto legislation in the 119th session of Congress
The crypto retirement bill came as members of the Republican-controlled Congress considered legislation to establish market structure rules for the industry and stablecoin regulations. Proponents of the legislation have suggested that lawmakers get the bills to Trump’s desk to sign into law before the August recess. After that time, they could become more politically charged issues.
On April 1, Florida voters will decide on their House representatives in the state’s 1st and 6th congressional districts. Republicans Jimmy Patronis and Randy Fine have support from the crypto industry through media buys financed by the Defend American Jobs political action committee. As of March 22, the PAC has spent roughly $1.5 million to support the two candidates.
@ Newshounds News™
Source: Cointelegraph
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BRICS PRESIDENT EYES INCREASED DE-DOLLARIZATION AS US TRADE WAR LINGERS
The ongoing tensions between BRICS and the United States continue, with the bloc’s 2025 president eyeing increased de-dollarization as a US trade war lingers. Indeed, the West and Global South have been caught in a faceoff regarding the latter’s treatment of the US dollar.
Yet, the bloc has remained steadfast in its commitment to limited exposure and reliance on the greenback. Now, it appears all the more focused on that pursuit amid a plethora of global tariffs levied by an increasingly aggressive Trump Administration.
BRICS Eyeing Increased Local Currency Trade Amid US Tensions
For years, the BRICS bloc has sought to challenge the global status quo. Specifically, it has targeted the continued dominance of the US dollar in economics, with the asset becoming far and away the predominant global reserve currency. However, with the country’s penchant to weaponize the asset, the alliance saw de-dollarization as a method to secure its best interests.
That has drawn the ire of a returning US President Donald Trump, who threatened the bloc with 150% tariffs. With aggressive economic policy becoming a hallmark of the administration, those tensions may only fast-track. Indeed, the BRICS 2025 president is seeking increased de-dollarization amid a brewing US trade war.
The alliance operates on a rotating presidency, with Brazil taking up the mantle this year. According to a recent report, the country is in favor of expanding local currency trade. Indeed, the country’s Secretary of the Finance Ministry, Tatiana Rosito, recently confirmed as much.
“The trade in local currencies is already underway, for example, between Brazil and China,” she said. “No obstacles exist to that on the side of Brazil,” she added. “Therefore, the goal of BRICS is to expand the use of local currencies in any way that will make it possible to reduce costs and will be of interest for association members.”
The questions are, will the act be seen as advancing what is in the best interest of members of the bloc? Or as an affront against the greenback? Indeed, how it is interpreted will be critical in how Trump responds.
@ Newshounds News™
Source: Watcher Guru
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Seeds of Wisdom RV and Economic Updates Tuesday Morning 4-1-25
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BIG NEWS: SEC MOVES FORWARD WITH $150 MILLION LAWSUIT AGAINST ELON MUSK
According to ABC News, the Securities and Exchange Commission has decided to continue it’s $150 Million lawsuit against Elon Musk. As stated in a court filing on Monday, the leader of the Department of Government Efficiency has agreed to address the lawsuit alleging that he misled investors during his purchase of millions of dollars in Twitter stock in 2022, before acquiring the company.
The SEC, under former chairman Gary Gensler, had filed a lawsuit in January 2025, accusing him of securities fraud related to his $44 billion takeover of Twitter, now known as X. The lawsuit alleges that Musk failed to timely disclose his ownership stake in Twitter before completing the purchase in 2022.
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BIG NEWS: SEC MOVES FORWARD WITH $150 MILLION LAWSUIT AGAINST ELON MUSK
According to ABC News, the Securities and Exchange Commission has decided to continue it’s $150 Million lawsuit against Elon Musk. As stated in a court filing on Monday, the leader of the Department of Government Efficiency has agreed to address the lawsuit alleging that he misled investors during his purchase of millions of dollars in Twitter stock in 2022, before acquiring the company.
The SEC, under former chairman Gary Gensler, had filed a lawsuit in January 2025, accusing him of securities fraud related to his $44 billion takeover of Twitter, now known as X. The lawsuit alleges that Musk failed to timely disclose his ownership stake in Twitter before completing the purchase in 2022.
According to the SEC, Musk’s failure to report his stake—which exceeded 5% of the company—before the March 24, 2022 deadline allowed him to undervalue the shares he acquired. ‘
Regulators claim this non-compliance resulted in Musk paying at least $150 million less than he should have for the shares purchased after his disclosure was due. The lawsuit states that Musk filed his ownership report after the deadline, causing Twitter’s stock price to surge 27% following the filing.
Musk’s attorney, Alex Spiro, dismissed the lawsuit, stating that Musk has “done nothing wrong” and describing the legal action as a “sham.” This legal battle comes after years of scrutiny surrounding Musk’s Twitter acquisition. In 2023, the SEC also sued Musk for refusing to testify about the deal, claiming he “abruptly notified SEC staff” just two days before a scheduled appearance, citing “spurious objections.”
@ Newshounds News™
Source: Coinpedia
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KENTUCKY JOINS SOUTH CAROLINA, VERMONT IN DISMISSING COINBASE LAWSUITS
Kentucky has dismissed its Coinbase staking suit days after passing pro-crypto legislation, following in the footsteps of other states.
Just days after South Carolina backed off its staking lawsuit against crypto exchange Coinbase, Kentucky has become the third state in as many weeks to fold, following Vermont’s exit last month.
The Kentucky Department of Financial Institutions filed a joint stipulation of dismissal on Monday, effectively ending its legal action over Coinbase’s staking services, which were previously accused of violating state securities laws.
“Congress needs to end this litigation-driven, state-by-state approach with a federal market structure law ASAP,” Coinbase Chief Legal Officer Paul Grewal posted on X following the lawsuit dismissal.
The case against Coinbase was originally part of a multistate effort launched the same day the U.S. Securities and Exchange Commission (SEC) sued the exchange in June 2023.
"One by one, in just a few short months, states across the country and party lines are standing up for consumers and sound law," Paul Grewal, Coinbase's Chief Legal Officer, told Decrypt. "Kentucky’s dismissal of its case against Coinbase, in rapid succession after Vermont and South Carolina, is a win for customers, innovation, and economic opportunity."
State regulators maintained that Coinbase’s staking program amounted to a securities offering that lacked the necessary registration under state laws.
Coinbase was essentially acting like an investment vehicle without proper registration or investor disclosures by pooling and delegating customer tokens in proof-of-stake networks, the regulators said.
Vermont exited the case on March 14, citing the dismissal of the federal lawsuit and the potential for clearer national regulation.
South Carolina followed days later, with Grewal noting its residents lost an estimated $2 million in staking rewards due to the ban.
The latest dismissal continues a trend of state-level enforcement pullbacks following the SEC’s own February decision to dismiss its case against Coinbase.
Combined with new federal guidance under SEC Acting Chair Mark Uyeda, who has taken a more conciliatory stance toward crypto, these developments point to shifting regulatory winds in favor of the crypto industry.
“This is not just a victory for us, but for American consumers,” Grewal said last week after South Carolina dropped its lawsuit. “We hope it's a sign of things to come in the few states left that restrict staking.”
As of now, seven states—California, New Jersey, Illinois, Washington, Alabama, Maryland, and Wisconsin—still have pending enforcement actions against Coinbase.
@ Newshounds News™
Source: Decrypt
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