Seeds of Wisdom RV and Economic Updates Thursday Evening 5-15-25

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Trump’s Crypto Ties Pose Challenge for Stablecoin Legislation, Says Coinbase Exec

📍 Coinbase legal chief Paul Grewal says President Trump’s growing presence in crypto adds “a certain level of challenge” to bipartisan progress on digital asset legislation.

As the U.S. Senate prepares for another vote on the GENIUS Act — a stablecoin-focused bill aimed at regulating the digital dollar landscape — Coinbase Chief Legal Officer Paul Grewal has flagged President Donald Trump’s personal ventures into crypto as a complicating factor in building bipartisan consensus.

Speaking at the Consensus conference in Toronto on May 15, Grewal acknowledged that recent political tensions and concerns from both parties, especially Democrats, are slowing progress.

“The discussion around the president's support for a certain memecoin or two and other efforts does add a certain level of challenge to the effort to get Democrats and Republicans aligned,” Grewal noted. Still, he expressed confidence that both chambers of Congress would “sort all that out.”

🏛️ GENIUS Act Still Moving Forward

Despite the friction, lawmakers remain poised to vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in the coming days.

Recent reports suggest that Democrats were able to secure key revisions to the bill that include:

• Consumer protection enhancements

• Anti-Money Laundering (AML) safeguards

• National security provisions

Senator Kirsten Gillibrand (D-NY), one of the bill’s original sponsors, previously confirmed that language directly referencing Trump’s crypto ventures — including World Liberty Financial and the USD1 stablecoin — had been removed to help revive bipartisan support.

⚖️ Crypto Politics and Regulatory Headwinds

President Trump’s increasing crypto footprint — including meme coins, a stablecoin project, and a mining company — has triggered strong reactions on Capitol Hill. Prominent Democrats such as Senator Elizabeth Warren have pointed to these ventures as potential ethical hazards.

Grewal acknowledged that political entanglements may delay efforts to develop a comprehensive regulatory framework for stablecoins and the broader crypto market but emphasized that legislative momentum is still building.

“We’re going to learn a lot in the next few days about the appetite in Congress to move forward,” he said.

🧱 What’s Next?

After stablecoins, attention may shift toward a crypto market structure bill currently under review in the House. That bill builds on the FIT21 Act passed in 2024 and could face similar partisan scrutiny tied to “Trump’s crypto corruption,” according to some Democratic representatives.

Still, Grewal and other industry leaders are hopeful that the recent adjustments to the GENIUS Act will unlock further bipartisan cooperation as crypto regulation becomes a key legislative issue heading into the 2026 midterm elections.

@ Newshounds News™

🔗 Source: Cointelegraph

~~~~~~~~~

Central Bank of Russia Ranks Bitcoin as Top Global Investment Since 2022

📊 Bitcoin outpaces gold, stocks, and bonds with a 121.3% return, according to the Russian central bank.

In a move that underscores Bitcoin’s rising credibility on the world stage, the Central Bank of Russia has officially recognized Bitcoin as the top-performing global investment since 2022.

A new report from the bank shows that Bitcoin delivered:

• 38% returns over the past 12 months

• 121.3% cumulative return since 2022

This places it well ahead of traditional assets such as:

• Gold

• Equities

• Bonds

• The S&P 500 index

📉 Volatility Still a Factor

While Bitcoin outperformed all other assets, the Russian central bank also acknowledged its short-term volatility. Between January and April 2025, Bitcoin experienced a drop of 18.6%, underperforming most other asset classes.

The only assets that fared worse during this stretch were:

• Dollar-denominated savings

• The S&P 500

However, Bitcoin rebounded strongly in April, posting an 11.2% monthly gain, once again pulling ahead in the global investment race.

🚀 From Speculative to Strategic

The report highlights Bitcoin’s evolution from a speculative asset to a serious contender in global investment portfolios. Since 2022, Bitcoin has surged from under $20,000 to nearly $110,000, driven by:

• Institutional adoption

• Regulatory milestones

• Approval of spot BTC ETFs in the U.S. and Hong Kong

Even political factors are fueling this growth. President Donald Trump’s pro-crypto shift has added momentum to Bitcoin’s narrative as a strategic reserve asset.

🌍 Global Recognition and Adoption

Countries and companies alike are responding:

• Ukraine and Kyrgyzstan are exploring digital assets at the national level.

• Financial giants like Cantor Fitzgerald are integrating crypto strategies into broader financial operations.

Bitcoin is increasingly being viewed as:

• A hedge against macroeconomic risk

• A tool for expanding global financial access

• A potential long-term store of value, despite volatility

🔍 Summary

The Central Bank of Russia’s findings place Bitcoin squarely in the spotlight—not just as a volatile crypto asset but as a top-tier global investment with increasing legitimacy across the financial world.

@ Newshounds News™
🔗 Source: CryptoSlate

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Seeds of Wisdom RV and Economic Updates Thursday Morning 5-15-25

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SENATE REMOVES TRUMP PROVISIONS IN PUSH TO PASS STABLECOIN BILL

The U.S. Senate is preparing to pass a landmark bipartisan stablecoin bill—the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act)—after removing controversial provisions that targeted President Donald Trump and his family's crypto ventures.

📅 Target Date for Passage: By May 26 (Memorial Day), according to Senator Cynthia Lummis (R-WY), who spoke at a Coinbase-backed event, Stand With Crypto.

Hello, World!

💬 Key Voices:

• Senator Kirsten Gillibrand (D-NY) confirmed the bill has been revised to eliminate language singling out Trump’s crypto activities, which include memecoins, a stablecoin project, a mining firm, and a crypto platform.

• “This is not an ethics bill,” Gillibrand said, though it does include basic ethics requirements. “If we were dealing with all President Trump’s ethics problems, it would be a very long and detailed bill.”

🚫 Senate Democrats had stalled the bill on May 8, objecting to its failure to address Trump’s alleged personal enrichment through crypto-related ventures. Gillibrand stated Trump’s memecoin offering may already violate existing laws, calling it “about as illegal as it gets.”

🏛️ Bill Focus: Regulation of the entire stablecoin ecosystem, with strengthened protections for:

• Consumers

• Bankruptcy proceedings

• Issuers’ responsibilities

👥 Industry Push: Coinbase CEO Brian Armstrong, who joined the senators onstage, refrained from commenting on Trump’s memecoin but emphasized the need to keep the bill focused on regulatory clarity.

🗳️ Legislative Urgency:

• With the 2026 midterms approaching, the crypto industry is lobbying hard to pass both the GENIUS Act and a broader market structure bill before momentum is lost.

• Marta Belcher of the Blockchain Association warned the legislative window is closing fast. “We don't know if we’ll get another chance like this.”

📌 August Deadline: The goal is to have both bills signed into law before the August congressional recess, according to Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets. Hines noted it's “the President's desire” to finalize both crypto-related bills during that timeframe.

@ Newshounds News™
🔗 Full Article: Cointelegraph – May 14, 2025

~~~~~~~~~

BRICS ERODES TRUST IN THE US DOLLAR

The BRICS alliance is accelerating a global shift away from the US dollar, encouraging developing nations to embrace local currencies for trade and economic stability.

🌍 Background:
The U.S. sanctions imposed on Russia in 2022 served as a wake-up call for emerging economies. The move exposed the vulnerabilities of nations that relied too heavily on the dollar and underscored Washington’s ability to destabilize other countries’ economies.

🛡️ Response from BRICS:
In response, BRICS members began to rethink their dependency on the dollar and initiated steps to strengthen their native currencies. The bloc—comprising major developing nations—has since made de-dollarization a central pillar of its long-term strategy.

💸 Erosion of Trust in the Dollar:
The U.S. dollar has historically dominated global trade because of widespread trust. But BRICS nations now view the greenback as a geopolitical weapon that serves U.S. interests at the expense of others. That trust is rapidly deteriorating, and so is the dollar’s role in international trade.

📉 Trend Watch:

• The dominance of the dollar is no longer guaranteed.

• Local currencies are being positioned as more stable and sovereign alternatives.

• BRICS is encouraging member states to settle trades in native currencies, reducing exposure to U.S. monetary policy and potential sanctions.

🔁 What’s Next:
As the economic influence of BRICS grows, so does its ambition to reshape the global financial order. If successful, this movement could drastically reduce U.S. influence in international trade and global finance.

📌 Key Quote:

"The U.S. dollar’s supremacy stood on trust for decades—but that trust is now eroding."

@ Newshounds News™
🔗 Full Article: Watcher Guru – May 14, 2025

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Seeds of Wisdom RV and Economic Updates Wednesday Evening 5-14-25

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CENTRAL BANKS PREPARE FOR A TOKENIZED FUTURE

Imagine a financial world where every transaction, from billion-dollar treasury purchases to retail payments, exists entirely as digital tokens. The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) Innovation Hub aren’t just imagining it — they’re actively preparing for it through Project Pine.

The New York Innovation Center (NYIC), part of the Fed’s New York branch, launched this groundbreaking initiative with the BIS Innovation Hub, creating a toolkit of smart contracts designed to execute central banking functions in a fully tokenized financial system. The toolkit supports paying interest on reserves, conducting open market operations, managing collateral, and supporting credit and asset purchases – all via tokenized processes.

Six additional central banks contributed requirements, emphasizing the need for flexibility. This focus led to a surprising advantage: dramatically faster crisis response.

Faster Emergency Response in Digital Financial Markets

Crises strike without warning. In traditional finance, it takes time to implement new emergency facilities. With Project Pine, central banks could design and launch responses almost instantly thanks to pre-built smart contracts.

“Tokenization accelerates money velocity,” the report notes, “which means financial shocks may unfold faster – requiring faster central bank action.”

Smart contracts are the backbone of this efficiency. Central banks would still use human judgment for critical decisions, but automating operations like collateral handling and haircut settings could reduce friction in emergency interventions.

Smart Contracts to Power 24/7 Central Banking

The prototype assumed a fully tokenized ecosystem operating 24/7, which would require automated yet safe systems outside traditional business hours.

Though the smart contracts were built using Hyperledger Besu and Solidity (Ethereum-compatible), the team stressed their technology-neutral stance.

Project Pine is not policy — it’s exploration. But its foresight equips central banks to handle the transition to tokenization and anticipate how their core functions might evolve.

By planning ahead with Project Pine, central banks aren't just preparing for the next phase of finance — they’re shaping it.

@ Newshounds News™
🔗  Source:  Ledger Insights

~~~~~~~~~

CRYPTO EXECS FLOCK TO DC TO SUPPORT SENATE STABLECOIN BILL

Coinbase CEO Brian Armstrong said the Senate could reconsider a vote on the GENIUS Act “hopefully tomorrow” after it initially failed on May 8.

Crypto leaders, including founders and executives from major companies, have traveled to Washington, DC, in a major push to rally support for the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which failed to pass the Senate earlier this month.

60 Crypto Founders Push for Urgency

In a May 14 X post from the US Capitol rotunda, Armstrong revealed that “60 [crypto] founders” were in DC to advocate for the GENIUS Act and a market structure bill currently under consideration in the House of Representatives.

“Like any good negotiation, there’s a lot of details to work out at the last minute, but we’ve been stressing the urgency of this,” Armstrong stated.

The Senate may vote again on the GENIUS Act “hopefully tomorrow,” signaling renewed momentum despite political obstacles.

Political Tensions Over Trump’s Crypto Involvement

Many Democratic lawmakers are withholding support due to concerns about Donald Trump’s crypto ventures, including his TRUMP memecoin and the USD1 stablecoin launched by his family-affiliated World Liberty Financial. Democrats have demanded carve-outs or provisions to ensure Trump cannot profit politically or financially from crypto legislation.

A Democratic staffer told Cointelegraph there was “no indication” Republicans would address these concerns. Another source claimed addressing them may be unconstitutional.

Is Bipartisan Crypto Reform Possible?

The Senate resumed consideration of the GENIUS Act on May 12, and another vote is expected within days. While Republicans control both chambers, a 60-vote majority is required to overcome a filibuster, necessitating at least partial Democratic backing.

“Despite the politics around the TRUMP memecoin and crypto investments — that has definitely made our work more complicated — I still argue that behind the scenes, you've got constructive members in both parties working to find consensus,” said Representative French Hill at the Consensus conference in Toronto.

Whether the GENIUS Act can move forward without adjustments remains unclear, but the growing presence of crypto leaders in Washington underscores the urgency and high stakes involved.

@ Newshounds News™
🔗 Source: Cointelegraph

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 5-14-25

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XRP Lawyer Warns Stablecoin Bill Could Be Delayed Until 2029 — Here’s Why

John Deaton says the GENIUS Act, a key stablecoin bill, may not pass until 2029, potentially stalling U.S. crypto reforms and undermining the dollar’s global dominance.

The ongoing debate over U.S. stablecoin regulation has taken a new turn as prominent XRP lawyer John Deaton sounded the alarm about the potential delay of the GENIUS Act—a bipartisan bill aimed at regulating stablecoins. According to Deaton, the failure to pass this legislation could push broader crypto reforms back until 2029.

“If Congress can’t get the GENIUS Act passed, we won’t see a Market Structure Bill, which means we won’t see any long-lasting reform until 2029, depending on how the Presidential election goes,”
— John Deaton, via X (formerly Twitter)

Deaton’s warning echoes recent concerns expressed by Messari CEO Ryan Selkis, who argues that without foundational legislation like the GENIUS Act, the U.S. risks losing its leadership in digital finance innovation.

The Importance of the GENIUS Act

Deaton referred to the bill as a “no-brainer” and framed it as vital to maintaining U.S. dollar dominance on the global stage. He emphasized that as countries pursue de-dollarization, stablecoins offer the U.S. a strategic lever to drive global demand for U.S. Treasury securities (USTs).

“We’re in an era when other nations are attempting to de-dollarize the world. We MUST drive demand for UST and ensure the USD remains the world’s reserve currency. If politicians can’t get the GENIUS Act through, then there’s little chance more complex, long-lasting legislation will pass,”
— John Deaton

The GENIUS Act—short for “Guaranteed Essential Neutrality in United States Stablecoins”—has earned the nickname “Dollar Dominance Bill” among crypto advocates for its potential role in reinforcing the dollar’s status through regulated digital assets.

Political Roadblocks and Skepticism

Despite bipartisan backing from several lawmakers and the crypto industry, the bill faces strong resistance—most notably from Senator Elizabeth Warren, who has consistently criticized crypto legislation on grounds of national security and consumer protection.

“The Senate shouldn’t greenlight this corruption by passing the GENIUS Act without fixes,”
— Senator Elizabeth Warren

Warren’s opposition stems from concerns that stablecoins could be used to bypass traditional financial oversight and pose risks to the U.S. economy. Her resistance may stall the bill’s progress during an already contentious election year.

Why This Delay Matters

The crypto industry sees stablecoin legislation as a foundational step toward broader market regulation. Without the GENIUS Act, other key bills—such as the long-awaited Market Structure Bill—may never see a vote. This could leave U.S. companies behind as global competitors move ahead with clearer digital asset policies.

With the 2024 presidential election looming, Deaton and other advocates fear that partisan divides could stall legislative momentum for years, creating prolonged regulatory uncertainty for crypto businesses and investors alike.

@ Newshounds News™
📎 Source: CoinGape – Full article

~~~~~~~~~

🌍 BRICS Influence Grows as European Firms Shift Away From US Dollar

European financial institutions are increasingly receiving requests to use local currencies instead of the US dollar, signaling BRICS' growing global economic influence.

In a development that signals a major geopolitical and financial shift, several European banks, brokers, and financial institutions are reporting an uptick in client requests to conduct transactions in local currencies—not the US dollar. According to the Luxembourg Times, these requests involve hedging and cross-border transactions in currencies like the Chinese yuan, Hong Kong dollar, Emirati dirham, and the euro.

This marks a notable milestone: for the first time, foreign institutional funds are asking to bypass the US dollar altogether in transactions handled by European finance firms. The change reflects the influence of the BRICS alliance’s strategy to de-dollarize global trade by promoting local currency settlements.

From Dollar Hub to Direct Transfers

Traditionally, financial transactions—especially those crossing multiple borders—have relied heavily on the US dollar as an intermediary currency. For example, when a Japanese firm wants to send money to a Philippine-based fund, it would typically route the payment through the dollar, which would then be converted into pesos.

Now, corporate clients are pushing for new protocols that completely skip the US dollar, aiming to cut costs, reduce exposure to dollar volatility, and support regional economic partnerships. European firms are being asked to accommodate these demands with currency strategies that allow for direct transfers between non-dollar pairs.

BRICS Ideology Reaches Europe

The ideological push for local currency empowerment has long been championed by the BRICS bloc—Brazil, Russia, India, China, and South Africa, with recent expansions including the UAE, Egypt, Iran, and Ethiopia. The alliance has openly advocated for reducing reliance on the US dollar in global trade and reserves.

Now, that de-dollarization strategy appears to be influencing European markets. The increasing preference for local currencies by institutional clients reflects growing confidence in non-dollar instruments and frustration with dollar-dominated systems, especially amid volatile geopolitics and trade tensions.

Technology and Liquidity as Key Drivers

Gene Ma, Head of China Research at the Institute of International Finance, noted that advancements in financial technology and liquidity are key enablers of this trend.

“The increase in transactions between non-US currencies is largely due to technological development and increased liquidity. The trading parties feel that the price may not be worse than using the US dollar, so transactions naturally pick up,” Ma explained.

Trade War Legacy and Uncertainty Under Trump

The movement also follows years of trade tensions and tariffs introduced during Donald Trump’s first term. Though President Trump has paused new tariffs for 90 days, uncertainty still looms large. The fear of sudden economic shifts and rising nationalism has made many businesses rethink their overreliance on the US financial system.

Analysts suggest that if BRICS and its partners fully transition to local currency settlements, it could reshape global trade flows and challenge the dollar’s reserve status. The growing demand for currency derivatives outside the dollar system may be a signal that this shift is already underway.

Conclusion

The shift toward local currencies in Europe, inspired by BRICS’ economic ideology, represents a potential inflection point in global finance. As more institutional players move away from the US dollar, traditional financial systems may need to adapt quickly to remain relevant in a multipolar currency environment.

@ Newshounds News™
📎 Source: Watcher.Guru

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🇺🇸 SENATORS URGE TREASURY TO RETHINK TAX ON UNREALIZED CRYPTO GAINS

Senators Cynthia Lummis (R-WY) and Bernie Moreno (R-OH) are calling on the U.S. Treasury to exempt unrealized cryptocurrency gains from a tax rule they argue unfairly penalizes American firms and stifles innovation.

In a letter sent Tuesday to Treasury Secretary Scott Bessent, the senators criticized how the 2022 Corporate Alternative Minimum Tax (CAMT), when combined with new FASB accounting rules, may result in companies owing taxes on crypto assets they haven’t sold. They claim this approach leaves U.S. businesses at a competitive disadvantage globally.

“Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors,” Lummis tweeted, sharing the letter on X.

🔍 Background: What’s the Issue?

The CAMT, enacted under the Inflation Reduction Act, imposes a 15% minimum tax on corporations with $1 billion+ in average annual earnings, based on adjusted financial statement income (AFSI)—not traditional taxable income.

In December 2023, the Financial Accounting Standards Board (FASB) adopted ASU 2023-08, requiring companies to use mark-to-market (fair value) accounting for crypto assets. This means firms must report unrealized gains from unsold crypto on financial statements.

Now, under CAMT rules, these unrealized gains could be treated as taxable income, even though the companies haven’t liquidated the assets.

“Neither Congress nor FASB planned this outcome,” the senators wrote. “It’s the unintended result of basing tax liability on decisions by a private organization… not principles of taxation.”

⚠️ Potential Fallout

Lummis and Moreno warned this tax interpretation could:

• Force companies to sell crypto assets just to cover tax bills.

• Discourage innovation and crypto adoption in the U.S.

• Give foreign competitors an edge, as many follow different accounting standards.

They urged the Treasury to:

• Exclude unrealized crypto gains from CAMT calculations.

• Issue interim guidance immediately, before long-term damage is done.

 Political and Regulatory Context

This challenge follows recent moves by President Trump’s administration to roll back Biden-era crypto regulations:

• In April, Trump signed a law repealing the controversial DeFi broker rule.

• In March, the Senate overturned the IRS requirement that decentralized finance (DeFi) protocols report user activity like banks.

Senator Lummis, a longtime crypto advocate, has led several legislative efforts including:

• The Lummis-Gillibrand Responsible Financial Innovation Act (2022).

• The BITCOIN Act (2025), reintroduced in March, to codify Trump’s executive order on establishing a national Bitcoin reserve.

🔮 What’s Next?

While the Treasury has yet to respond publicly, the pressure is mounting. The senators stressed the urgency, writing:

“Failure to provide this clarity… will disincentivize entities from maintaining large holdings of digital assets.”

If the current policy stands, the U.S. risks losing ground in the global race for digital finance leadership. Lummis and Moreno said they are willing to work directly with Treasury officials to resolve the issue.

📌 The battle over how crypto is taxed—especially unrealized gains—could shape the future of digital asset adoption in the U.S.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

South Korea Makes Crypto a Key Election Battleground

As South Korea gears up for its June 3 presidential election, the Democratic Party has launched a Digital Asset Committee to centralize crypto policymaking under the president’s office. The move signals crypto's rise as a major political and economic issue.

🔹 Key Points:

• New Digital Asset Committee formed on May 13 to shape national crypto policy.

• Focus areas: regulatory reform, stablecoins, exchange laws, and centralized oversight.

• The committee is drafting the “Stage 2 Bill” to modernize outdated digital asset laws.

🔹 Stablecoins in Spotlight:

• Won-pegged stablecoins are a priority, but debate continues over licensing vs. registration.

• Bank of Korea (BOK) demands final authority over KRW-linked stablecoins to protect monetary policy.

🔹 Political Stakes:

• Lee Jae-myung (Democratic Party) supports crypto innovation and a won-linked stablecoin.

• Kim Moon-soo (opposition) supports crypto adoption through public fund investment and legal clarity.

• With 16M+ South Koreans using crypto, digital assets have become a top campaign issue.

👉 Crypto is no longer niche in Korea—it’s a vote-winner.

@ Newshounds News™
Source:  Coinpedia

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Seeds of Wisdom RV and Economic Updates Tuesday Evening 5-13-25

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US BANKING AUTHORITY CLEARS PATH FOR CRYPTO SERVICES AT NATIONAL BANKS

OCC and Fed's synchronized policy shift opens doors for national banks to enter crypto markets amid rising customer demand.

The Office of the Comptroller of the Currency (OCC) confirmed on May 13 that national banks are now authorized to engage in a wide range of crypto-asset activities, removing long-standing regulatory ambiguities that had kept many financial institutions on the sidelines.

In tandem with recent moves by the Federal Reserve, the policy shift opens the door for national banks to offer crypto custody, execute trades at customer direction, and outsource digital asset services under established third-party risk guidelines.

OCC announcements and letters

The OCC’s announcement, delivered via a statement and supported by Interpretive Letters 1183 and 1184, marks a coordinated rollback of prior restrictions.

• Letter 1183, issued March 7, formally rescinds the 2021 supervisory “non-objection” process set out in Letter 1179.

• Letter 1184, issued May 7, extends authority by permitting banks to buy and sell cryptocurrencies held in custody when directed by clients.

These policy updates align with the Federal Reserve’s April 24 decision to retract its pre-approval guidance for crypto activities.

Together, these actions dissolve the primary regulatory hurdles that had delayed widespread adoption of crypto services by traditional financial institutions.

“The U.S. banking system is now deemed well-positioned to support digital asset activity,” the OCC stated.

Future of crypto within US TradFi Sector

With the global crypto market cap around $3.33 trillion as of May 13, the scale of the opportunity is no longer viewed as speculative. National banks now have the opportunity to compete for custody fees and customer retention in a space once dominated by fintech firms.

“More than 50 million Americans hold some form of cryptocurrency,” said Acting Comptroller Rodney E. Hood.
“The digitalization of financial services is not a trend; it is a transformation.”

The shift is framed as a structural evolution, supporting integration within banking models, not experimentation.

Next steps

Letters 1183 and 1184 emphasize AML compliance, yet omit guidance on private key management and capital adequacy.

• Integration of AML systems, wallet infrastructure, and third-party contracts may take 6–12 months.

• Ongoing jurisdictional questions between the SEC and CFTC create regulatory gray zones for some tokens.

FDIC does not insure digital asset holdings, a vital point for customer awareness.

Still, this represents the most pronounced shift in U.S. banking crypto policy since 2020’s Letter 1170.

The policy aligns U.S. oversight with Europe and Asia, where regulated crypto services are already common. Political pressure to counter alleged efforts like “Operation Chokepoint 2.0” has influenced this evolution.

As Letters 1183 and 1184 take effect, competition is expected to intensify. Traditional banks may quickly gain ground if they can translate permission into readiness—leveraging trust and regulatory infrastructure as advantages.

@ Newshounds News™
Source:  CryptoSlate

~~~~~~~~~

CARDANO’S BIG NEWS: BRAVE WALLET INTEGRATION

Brave Wallet integration allows over 70 million users to send and receive Cardano’s ADA tokens.

Charles Hoskinson teases major updates, linked to the Midnight upgrade, for Cardano's future growth.

ADA has broken past key levels, suggesting potential price surge toward $0.86 and $1.

After jumping 20% last week, Cardano (ADA) has now dropped 5%, but there’s more behind it. With the Brave Wallet now supporting ADA and Cardano’s founder teasing more surprises, the stage is set for ADA price to hit a monthly high.

So, is ADA on its way to $1?

Cardano’s Brave Wallet Integration
The Brave browser, which has over 70 million users, has officially added support for ADA in its built-in crypto wallet. Reacting to the news, Cardano’s founder Charles Hoskinson hinted that this is just the beginning.

He suggested that several more big updates will roll out through the Summer and Fall of 2025.

Hoskinson even joked that VPN and advertising companies might be in for a shock once these integrations go live.

His message was clear: Cardano is entering a new phase of real-world adoption, and the Midnight upgrade is just the start.

ADA Eyeing $1 Mark – Key Levels To Watch
This Brave integration has brought back fresh hopes in the Cardano community, especially after ADA’s recent dip.

As of now, ADA price is currently trading around $0.79, down 4% today. Still, many traders see this as a healthy correction, not a warning sign.

Looking at the chart, ADA has already broken past the $0.72 and $0.75 levels, which is a good sign. It is now sitting close to the $0.786 level, which is an important zone.

If it can break through this and hold, the next targets could be around $0.86 and even higher, like $1.00.

Bullish Momentum Isn’t Over Yet
One more positive sign is that the trading volume is strong—currently at $1.88 billion, reflecting a surge of 65% seen in the last 24 hours. This means a lot of people are buying and selling ADA right now.

Technical signs like RSI also hint at a bullish momentum as it is still at 61.

However, if it fails to move higher, the price might fall back down to support near $0.72 or $0.67.

@ Newshounds News™
Source:  CoinPedia

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Isaac Update

5/13/2025

Isaac will post in his Telegram Room tomorrow after his appointment.

Isaac's Telegram Room Link

@ Newshounds News™

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 5-13-25

Good Afternoon Dinar Recaps,

COINBASE BECOMES FIRST BITCOIN AND CRYPTO COMPANY TO JOIN THE S&P 500

Coinbase joins the S&P 500, marking a milestone for Bitcoin, further highlighting Bitcoin’s strong performance, outperforming gold and the S&P 500 over the years.

Coinbase Global Inc. (NASDAQ: COIN) is officially joining the S&P 500 starting May 19. It will replace Discover Financial Services (NYSE: DFS), which is being acquired by Capital One Financial (NYSE: COF), an existing member of the index.

This is a big move for Coinbase and an even bigger signal for Bitcoin. For a crypto company to be added to one of the most important indexes in the U.S. shows how far this industry has come. It’s not just hype anymore—it’s becoming a real part of the traditional financial system.

“Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history,” Coinbase posted on their X account.

To get into the S&P 500, a company needs to meet a few strict requirements. They need a market cap of at least $18 billion, have most of their shares held by the public, be profitable over the last four quarters, and be listed on a U.S. exchange. Coinbase checks all of those boxes, with a market cap over $40 billion and solid recent earnings.

Once Coinbase is added, every fund that tracks the S&P 500 will need to include it in their portfolios. That means more demand for the stock, which could push the price up in the short term. But even more important, it brings more exposure and credibility to the entire crypto space.

“Congratulations Brian Armstrong on $COIN being added to the S&P 500 Index,” said Strategy Executive Chairman Michael Saylor. “A major milestone for Coinbase and for Bitcoin.”

Now let’s talk about Bitcoin. Coinbase is one of the top platforms people use to buy and sell Bitcoin. Having it in the S&P 500 makes Bitcoin exposure more accessible to traditional investors. It also helps reduce the idea that Bitcoin and crypto are just some risky gamble.

And the numbers speak for themselves. Over the past 14 years, Bitcoin has outperformed the S&P 500 and gold by a huge margin. Since 2010, Bitcoin has surged a staggering 7,200,000%, compared to the S&P 500’s 306% and gold’s 116%. Even when looking at shorter timeframes, Bitcoin consistently beats both. For instance:

• In the past year:

• Bitcoin: +27%

• Gold: +37%

• S&P 500: +5%

• In the last five years:

• Bitcoin: +1,138%

• Gold: +85%

• S&P 500: +92%

@ Newshounds News™
Source:  Bitcoin Magazine

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SAUDI ARABIA DROPS BRICS, INKS $600B STRATEGIC DEAL WITH US IN 2025

A new agreement has been signed, and it is poised to have major geopolitical ramifications as Saudi Arabia has seemingly dropped BRICS, inking a new deal with the US in 2025. Indeed, Riyadh has agreed to a “strategic economic partnership” with the United States amid a visit from President Donald Trump on Tuesday.

Both Trump and Crown Prince Mohammed Bin Salman have reached the landmark agreement that will increase cooperation in energy, mining, defense, and other ventures. Indeed, the memorandum was reached in what is the US president’s first major foreign trip since his return to the White House.

Saudi Arabia & US Reach New Deal Despite BRICS Standoff
Since his return to the Oval Office, Donald Trump has not been shy about his feelings toward the BRICS economic alliance. Earlier this year, he threatened 150% tariffs on the bloc. Specifically, he warned of repercussions for its continued de-dollarization efforts.

His stance only complicated the relationship between the collective and the recent expansion nation, Saudi Arabia. With tensions rising during Trump’s second term, Riyadh was seemingly caught in the middle. Now, it appears to have made its choice, as Saudi Arabia has turned from BRICS, signing a new strategic deal with the US in 2025.

The memorandum and agreement encompassed a host of sectors, including energy, defense, health, and the arts. Additionally, the letter of intent will see the US aid Saudi Arabia in the development of its armed forces. Moreover, they have plans for the Saudi Ministry of Interior and FBI to cooperate in one of many partnership aspects.

Abdulaziz Alghashian, Director of Research at Riyadh’s Observe Research Foundation Middle East, recently discussed the agreement. He noted that the deal’s reach “speaks to the depth” of the two nations' relationship. With the US and BRICS standing so opposed, it questions Saudi Arabia’s commitment to its cause.

However, that may not be the case. Alghashian noted that the deal “won’t come at the cost of relations with others.” Yet, only time will tell if that is the case. Just weeks ago, the US and China were on the doorstep of a trade war. Moreover, those tensions don’t appear to be entirely resolved.

@ Newshounds News™
Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 5-13-25

Good Morning Dinar Recaps,

ARIZONA GOVERNOR KILLS TWO CRYPTO BILLS, CRACKS DOWN ON BITCOIN ATMS

• Governor Katie Hobbs vetoed two major pro-crypto bills:

• Senate Bill 1373, which proposed a Digital Assets Strategic Reserve Fund, and

• Senate Bill 1025, the Arizona Strategic Bitcoin Reserve Act that would have allowed up to 10% of state treasury and retirement funds to be invested in Bitcoin.

• She also rejected Senate Bill 1024, which would have allowed state agencies to accept crypto payments for taxes and fees.

Hobbs cited “volatility in cryptocurrency markets” as a core reason for vetoing, stating the proposals posed too much financial risk for public funds.

• However, she approved House Bill 2387, which imposes strict consumer protections on Bitcoin ATMs:

• Requires multilingual scam warnings and acknowledgment from users before transactions.

• Caps daily transactions at $2,000 for new users and $10,500 for returning users after 10 days.

• Mandates detailed receipts, visible 24/7 customer support info, and a 30-day refund policy for fraud victims.

• Additionally, Hobbs signed House Bill 2749, modernizing unclaimed property laws to let Arizona hold unclaimed crypto in its original form rather than converting to fiat.

@ Newshounds News™
Source:  CoinTelegraph

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BRICS: US & CHINA AGREE TO TARIFF PAUSE, BUT WHO’S NEXT?

• The US and China have agreed to a 90-day tariff pause, signaling a potential thaw in tensions and offering hope for a broader trade deal.

• President Trump called it a “total reset” in relations, easing fears of an imminent trade war between the world’s two largest economies.

• China’s role in BRICS remains pivotal, and the agreement has sparked speculation about which BRICS nation may secure relief next.

• India has already finalized trade terms with the US, while Brazil still faces a 10% tariff, and South Africa’s has been lowered from 30% to 10%.

• Russia was never included in the initial US tariff plan, giving the BRICS alliance some strategic leverage.

• The European Union (EU) may be next on the negotiation list, though Trump called the EU “nastier than China” in recent comments.

• BRICS' united trade front is believed to be effective, with growing optimism that tariff relief deals for other members are coming soon.

• The 2025 BRICS summit could expand the alliance, increasing its global influence during ongoing trade negotiations.

@ Newshounds News™
Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Monday Evening 5-12-25

Good Afternoon Dinar Recaps,

US HOUSE PASSES CONTROVERSIAL STABLECOIN BILL BACKED BY TRUMP, DIVIDES DEMOCRATS

▪️The House passed the Stablecoin Innovation and Protection Act of 2025 late Thursday.

▪️The bill, supported by President Trump, aims to create a federal framework for stablecoin issuance while preserving state-level oversight.

▪️Democrats remain split over the bill’s impact on consumer protections, foreign issuers, and financial surveillance.

The U.S. House of Representatives has passed the Stablecoin Innovation and Protection Act of 2025, a landmark piece of crypto legislation backed by President Donald Trump. The legislation, which passed with significant Republican support, proposes a federal framework for stablecoin issuance and sets broad new guidelines for how both private and public entities may issue and manage digital dollar-pegged tokens.

While the bill preserves some roles for state regulators—allowing entities like Wyoming’s digital asset office to license issuers—it also gives the U.S. Treasury, Federal Reserve, and SEC more say in oversight, compliance, and financial stability risks.

President Trump called the passage a "historic win for American financial innovation", noting that the bill will help the United States "compete with foreign stablecoins and preserve dollar dominance."

Still, Democrats remain deeply divided. Some, including Rep. Richie Torres (D-NY), backed the legislation, arguing that clear rules would help weed out bad actors and prevent future Terra-style collapses.

Others, including Rep. Maxine Waters (D-CA), warned that the bill "guts core consumer protections" and would "allow foreign and unvetted entities to flood the market with opaque dollar tokens."

The bill contains provisions that bar federal agencies from banning privacy-preserving technologies in stablecoin wallets but allows the Treasury to block specific transactions or protocols if national security risks are found. The move was seen as a concession to civil liberties groups and more libertarian-leaning Republicans.

Additionally, the bill defines what constitutes a “payment stablecoin” and allows registered institutions—like banks or licensed money services businesses—to issue them, provided they maintain 1:1 reserves in highly liquid assets such as dollars, Treasury bills, or central bank reserves.

However, it’s the international implications that may be most contentious. The bill would allow U.S.-licensed foreign firms to issue stablecoins within the U.S. market, so long as they report to U.S. regulators and pass quarterly audits. That move drew criticism from some lawmakers who fear it will benefit firms tied to adversarial governments.

Rep. Katie Porter (D-CA), who voted against the bill, said: "We are green-lighting a digital dollar shadow economy before we’ve even set the rules of the road."

The bill now heads to the Senate, where its prospects remain uncertain. Senate Banking Chair Sherrod Brown (D-OH) has yet to endorse the bill and is said to be drafting a competing version with tighter controls on foreign issuers and stricter anti-money laundering requirements.

For now, the House victory gives Trump a significant policy win as crypto continues to be a major wedge issue ahead of the 2026 midterm elections.

@ Newshounds News™
Source:  The Block

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GDP OF BRICS COUNTRIES OUTPERFORMS GLOBAL AVERAGE, US DISTANTLY BEHIND

The GDP of BRICS countries has outperformed market expectations and is exceeding the global average in 2025, according to the World Economic Outlook report published by the International Monetary Fund (IMF). The US, on the other hand, is distantly behind as its economy is growing in a limited manner this year.

In 2025, BRICS countries—Brazil, Russia, India, China, and South Africa—saw a combined growth of 3.4%, which exceeded expectations. The current consensus forecast predicts the GDP growth of the US at only 1.4% in 2025. The US economy is lagging behind this year with minimal growth, and the tariffs are threatening what little is left.

Below is the list of BRICS countries’ GDP projections for 2025:

• Ethiopia (6.6%)

• India (6.2%)

• Indonesia (4.7%)

• United Arab Emirates (4%)

• China (4%)

• South Africa (3.4%)

• Brazil (2.3%)

BRICS GDP Shines in 2025, US Economy On the Razor’s Edge

The latest data from the IMF also shows that BRICS accounts for 40% of the global GDP in 2025. That’s massive, as they already cover nearly half of the world’s economy. Their Purchasing Power Parity (PPP) is projected to reach 41% this year, signifying that the alliance is growing rapidly.

“There is no way that BRICS is not relevant, given the size of its population (and GDP in 2025). And there are also countries that are key in the supply of commodities, such as Brazil and Russia, which supply energy, food, and even very important strategic minerals,” said Rodrigo Cezar, Professor of International Relations at the Getulio Vargas Foundation (FGV) and a specialist in international political economy.

“So the BRICS countries are going to be very relevant in terms of dictating or giving direction to the prices of these materials,” leaving the US economy under its mercy, explained Cezar.

BRICS GDP could pressurize the markets in 2025, leading to it dominating the prices of the commodity markets this year.

@ Newshounds News™
Source:  Watcher Guru

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Economist’s “News and Views” 5-12-2025

The absolute beginning of collapse, Gold will explode in value- Bill Holter

Triangle Investor:  5-12-2025

In this interview, Bill Holter discusses the looming economic instability and potential financial collapse driven by a massive derivatives market.

He emphasizes the risks associated with major financial institutions and the implications of the US's growing debt.

Holter also highlights the importance of gold and silver as safe havens during crises, the challenges facing China, and the future of financial markets amidst rising inflation and interest rates.

 He warns that the current financial system is unsustainable and urges individuals to take proactive measures to protect their wealth.

https://www.youtube.com/watch?v=m8nEP1dIPJg

IMF CONFIRMS IT: Gold's Revaluation Will Be Beyond Your Wildest Imagination! - Andy Schectman

Financial Wisdom:  5-12-2025

0:00 - IMF declares major global economic reset

0:17 - Speculations on gold's future value

1:00 - U.S. becomes major gold importer for first time since WWII

1:24 - Trump's statement and discussions on gold revaluation

2:12 - Market vs. government-led gold revaluation scenarios

3:05 - Calculating gold's potential revaluation based on M1 supply

4:42 - Central banks' incentive to revalue gold

5:21 - Global accumulation and repatriation of gold

6:02 - Slow reintegration of gold into the monetary system

6:27 - Historical precedent for gold revaluation

7:06 - COMEX inflows suggest preparation for gold repricing

 8:22 - Risk in London's over-leveraged gold market

9:03 - States begin recognizing gold and silver as legal tender

10:56 - Something is clearly changing with gold and silver

11:52 - Market volatility manipulation and price suppression

13:09 - China's gold accumulation and ETF inflows

13:53 - A generational shift in monetary thinking

 14:04 - Gold's return as more than a commodity

https://www.youtube.com/watch?v=oCC9uaWlA0o

Why Government Spending Dropped 5.1% in Q1

Heresy Financial:  5-12-2025

https://www.youtube.com/watch?v=kiK2B6MI47w

Seeds of Wisdom RV and Economic Updates Monday Morning 5-12-25

Good Morning Dinar Recaps,

U.S. ANNOUNCES CHINA TRADE DEAL IN GENEVA

Secretary of the Treasury Scott Bessent: “I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen. We will be giving details tomorrow, but I can tell you that the talks were productive.

We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”

U.S. Trade Representative Ambassador Jamieson Greer: “This was, as the Secretary pointed out, a very constructive two days. It’s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought.

That being said, there was a lot of groundwork that went into these two days. Just remember why we’re here in the first place — the United States has a massive $1.2 trillion trade deficit, so the President declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.”

@ Newshounds News™
Source:  The White House

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BRICS OR THE US? SAUDI ARABIA MAY HAVE CHOSEN A SIDE AMID THE FACEOFF

Since the start of the year, the BRICS economic alliance and the US have seen tensions explode, and Saudi Arabia has unwillingly sat at the center. Indeed, their issues have reached a fever pitch amid a brewing trade war between the United States and China. Now, all eyes are on Riyadh and where its loyalties could lie in a geopolitical sense.

The country was among the first to be included in the bloc’s landmark expansion plan. However, since accepting an invitation to join, Saudi Arabia has yet to fully become a part of the collective. Now, that may never come, as it stands in a complicated position with both allies.

Saudi Arabia Stands at the Center of US & BRICS Conflict: Which Side Are They On?

Since his return to the White House, US President Donald Trump has not minced words regarding the BRICS bloc. Indeed, he warned that the bloc would face a 150% tariff for its attempts at creating a currency to rival the US dollar. Moreover, it has hit China with import duty increases as high as 245% amid its ongoing challenges.

Those issues have only continued to fester throughout the year. Moreover, it has created a rather uncertain geopolitical dynamic for one nation at the center. Specifically, as the BRICS and the US face off, Saudi Arabia may soon be forced to choose a side. That is, if it hasn’t already done so.

Saudi Arabia was present at a BRICS meeting last week, according to sources. Moreover, it is still considered a potential BRICS nation after accepting its invitation to join as an expanding country.

However, that may not tell the whole story. Specifically, the country is worried that its BRICS relations will threaten its partnership with the US, Reuters reports.

Saudi Arabia “does not want to risk US anger as negotiations are underway in Washington,” the report noted. This created a notable balancing act between its US and Chinese relations. On the one side, China is its biggest oil exporter. Alternatively, Washington is a key security and tech partner.

The decision may have already been made due to its inaction; however, Riyadh has yet to officially join BRICS. Therefore, it may be able to salvage its relationship with China on its own. Subsequently, ensuring its partnership with both nations could endure, with only BRICS suffering in the end.

@ Newshounds News™
Source:  Watcher Guru

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DEMOCRATIC SENATORS PROPOSE BAN ON CRYPTO PROMOTION BY TRUMP, SENIOR GOVERNMENT OFFICIALS AMID STABLECOIN BILL SPAT

▪️__A group of 20 Democratic Senators__ has introduced legislation that would ban the creation and promotion of cryptocurrencies by the President, Vice President, Congress, and Senate-confirmed Cabinet members, among some others.

▪️__The legislation was introduced amid growing tensions__ over the Senate’s stablecoin bill, after a number of Democrats withdrew their support from the current version of the bill.

▪️__The bill would attempt to prohibit Trump and Melania from profiting from their memecoins, though it would not necessarily impact the World Liberty Financial project.

▪️Elon Musk, as a Special Government Employee, would also be barred from promoting crypto.

A group of 20 Democratic Senators have unveiled new legislation that seeks to prohibit senior government officials from issuing or endorsing cryptocurrencies, as key Democrats raise concerns about President Trump's business dealings in the crypto sector.

The so-called “End Crypto Corruption Act of 2025” would prohibit the President, Vice President, members of Congress, individuals appointed to Senate-confirmed positions, and certain other special government employees in the Executive Office, plus their spouses and dependent children, from issuing, sponsoring, or endorsing any cryptocurrencies or other digital assets.

One such special government employee: Elon Musk, alongside other members of the Department of Government Efficiency (DOGE) team. Musk recently clarified that the department has no plans to use the memecoin of the same name in its official capacity.

Normal sale transactions would be permitted in the current form of the bill, which imposes fines and possible jail times on offenders. The bill covers government employees and their families during their term and for one year after, and was introduced on May 7.

The bill, the Senate counterpart of similar House legislation introduced earlier this year, is the latest response to the escalating political negotiations over the Senate's stablecoin bill.

A number of Senate Democrats voted against the legislation in its current form,  accusing Republicans of not compromising on key issues like anti-money laundering legislation and foreign issuer oversight.

The bill seeks to prevent President Trump and his wife Melania from profiting from their memecoins, which were issued shortly before the inauguration. $TRUMP has recently traded higher after Trump announced its top holders would be personally invited to a White House dinner, raising conflict of interest concerns from some Democrats.

However, it's unclear whether Trump’s position as “chief crypto advocate” at the World Liberty Financial firm — more closely associated with his sons and senior administration members — would be prohibited under the bill in its current form.

Senate Democrats have recently raised concerns about a planned $2 billion deal between an Abu Dhabi investment firm and Binance with the firm’s WLD1 stablecoins.

“Our concerns about Binance’s compliance obligations are even more pressing given recent reports that the company is using the Trump family’s stablecoin to partner with foreign investment companies,” several Democratic senators wrote last week.

Senator Elissa Slotkin (MI), a co-sponsor of the bill, told Michigan Advance that preventing Trump from profiting from his memecoin is more pressing than broader crypto regulation:

“We’ve got a more immediate crocodile closer to the boat, and that’s the president of the United States, selling his own currency and marketing his own currency and using it as a form of payment to line his pockets,” Slotkin said.

@ Newshounds News™
Source:  The Block

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