Seeds of Wisdom RV and Economic Updates Friday Afternoon 5-16-25

Good Afternoon Dinar Recaps,

🏛️ US SENATE WILL PASS STABLECOIN BILL — DIGITAL CHAMBER CHIEF

The GENIUS Act's failure to move to a full vote is “a bump in the road,” and it will pass “in the next few weeks,” says Cody Carbone, CEO of the Washington, DC-based advocacy group Digital Chamber.

The stalling of key stablecoin legislation in the United States Senate was only a minor setback, and the bill is expected to pass soon, according to Cody Carbone, CEO of the Digital Chamber, a blockchain trade association and advocacy group based in Washington, DC.

Speaking to Cointelegraph at Consensus 2025, Carbone said it is in the best interest of the U.S. to enact comprehensive stablecoin regulations in order to protect U.S. dollar hegemony in global markets — a move that enjoys bipartisan appeal and support. Carbone stated:

“These things never move as quickly as we want them to move, but it's stablecoin legislation. This Congress has already moved more expeditiously than we ever could have imagined. So, yes, it's a bump in the road, but I think very, very shortly, we will have another vote.”

The Guiding and Establishing National Innovation in U.S. Stablecoins of 2025, or GENIUS Act, is seen as critical legislation for the U.S. crypto space. Many warn that failing to pass meaningful regulatory reform before the 2026 midterm elections could trigger a reversal in the current positive sentiment and cause a downturn in crypto markets.

“Negotiations have continued, and so I am still very optimistic,” Carbone added. “This bill is going to pass the Senate in the next few weeks.”

⚖️ Partisan Politics and Trump’s Involvement Blamed for Setback

The act failed a procedural vote in the Senate on May 8 after several Democratic lawmakers withdrew support, citing ethical concerns over President Donald Trump’s involvement in crypto. His ties to crypto — including memecoins, DeFi, and NFTs — were labeled as a key reason for the sudden reversal of Democratic support.

Coinbase Chief Legal Officer Paul Grewal also weighed in, saying Trump’s crypto presence complicates the regulatory process, as lawmakers remain cautious of conflicts of interest or undue influence.

In response, Republican Senator Tim Scott criticized Democratic opposition as a politically motivated move, aimed at blocking the former president from advancing digital asset initiatives under his administration.

Despite the controversy, the latest version of the bill removes any references to the Trump family, a change that could pave the way for Senate approval by the end of May, according to several industry insiders.

@ Newshounds News™
🔗  Source:  Cointelegraph

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STABLECOINS GO MAINSTREAM: 9 IN 10 FINANCIAL INSTITUTIONS NOW IMPLEMENTING, EXECS SAY

Stablecoins have moved from experimental assets to key infrastructure in global finance, according to Fireblocks’ newly released 2025 State of Stablecoins report.

Fireblocks’ Survey: 90% of Firms Have Stablecoin Initiatives Underway

Based on a survey of 295 financial executives, the report reveals that 90% of firms are now actively implementing stablecoins, with nearly half of all 2024 transactions on Fireblocks’ platform involving stablecoin use.

Banks and payment providers are now processing over 35 million stablecoin transactions per month, a clear sign of their growing adoption.

The dominant use case? Cross-border B2B payments, especially in emerging markets where traditional rails fail due to delays and high costs.

Speed and Liquidity Are Driving Adoption
Speed has overtaken cost savings as the top benefit, with 48% citing faster settlement as the primary motivator. But more than just efficiency, revenue growth is the goal: institutions want to regain lost market share and open new financial corridors.

Meanwhile, regulatory concerns have dropped dramatically — just 20% of firms now view compliance as a barrier, down from 80% in 2023. This shift is driven by clearer global regulations and better AML tools.

Regional Trends Show Varied Priorities

• Latin America: Leading with 71% of firms using stablecoins for cross-border transactions.

• Asia: Focused on market expansion.

• North America: Lags behind with 39% adoption, but 88% of firms support upcoming regulations.

• Europe: Emphasizing security, with 37% seeking safer infrastructure despite its regulatory head start under MiCA.

Infrastructure Is Ready, But Security Still a Concern
While 86% report being technically ready, Fireblocks stresses the need for enterprise-grade scalability.
Security remains a sticking point — 36% demand stronger protections to support future growth.

Case in point: Fireblocks highlighted its partnership with Zeebu, which used stablecoins to process $5.7 billion in telecom settlements — demonstrating both scalability and real-world impact.

Conclusion: Stablecoins Are No Longer Optional
The message is clear: Stablecoins have become a strategic imperative.
From instant settlements to programmable finance, the pressure to adapt is rising. Institutions building secure and compliant infrastructure today will lead the digital finance landscape of tomorrow.

@ Newshounds News™
📎 Source:  Bitcoin News

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Economist’s “News and Views” 5-16-2025

3 HUGE Crises Hitting at Once, 'Big Problem' Ahead For Banking System: Michael Pento

Commodity Culture: 5-16-2025

Michael Pento is seeing clear signs that the US economy is facing massive danger, as crises on multiple fronts are evolving into systemic risk for the banking system and threatening to curb the Trump administration's efforts to wage a global trade war.

Michael explains why in the face of these facts, he's moved capital into the commodities sector and is relying on precious metals as a ballast in his portfolio, as he sees a clear move away from the dollar and towards gold by foreign nations.

00:00 Introduction

 00:52 US-China Tariff Deal

08:13 Fed Won't Proactively Cut Rates

10:57 Coming Real Estate Crisis

12:59 Bullish Oil & Agriculture

16:44 Effects of Trade War

20:11 Gold is Replacing the Dollar

 23:07 Silver on the Radar

 26:02 Debt and Deficits in the US

28:03 Spike in 30-Year Japanese Bonds

 29:44 Opportunity in Indian Stocks

 31:38 Global Conflict Rising

https://www.youtube.com/watch?v=7qp4qb1Jiqc

Why Lower Inflation Means More Stimulus Ahead

Heresy Financial:  5-16-2025

TIMECODES

00:00 Inflation Is Falling Faster Than Expected

00:15 April CPI Drops to 2.3%

00:34 Why Tariffs Don’t Raise Prices

01:12 The Fed’s 3 Mandates Explained

01:45 Printing vs. Withdrawing Liquidity

02:00 Could QE Be Coming Back?

02:16 The Fed’s Hidden Job: Control Long-Term Rates

 02:54 Debt Cycles and Interest Rates

03:50 Deleveraging Then and Now

04:20 Inflationary Deleveraging Strategy

04:46 Prepare for a New Macro Era

05:01 The Bond Bull Market Is Over

05:14 Why Asset Prices Will Keep Rising

 05:31 How to Apply These Ideas to Your Investing

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

WARNING: Treasury Yields Are Signaling Something Big

George Gammon:  5-15-2025

https://www.youtube.com/watch?v=6xL_dM2pm4I

Seeds of Wisdom RV and Economic Updates Friday Morning 5-16-25

Good Morning Dinar Recaps,

US Federal Judge Rejects SEC and Ripple's Request for Indicative Ruling, Further Delaying Resolution

• U.S. District Court Judge Analisa Torres denied Ripple and the SEC’s joint motion for an indicative ruling on their agreement to settle the years-long legal dispute.
• Judge Torres said the request was “procedurally improper,” and the parties failed to address what was necessary to lift the original injunction against Ripple.
• Ripple CLO Stuart Alderoty said the company will revisit the case in court with the SEC.

The Southern District of New York Court dismissed the joint request from the Securities and Exchange Commission and Ripple Labs for an indicative ruling on a potential resolution in the years-long dispute between the entities.

The decision comes a week after the SEC and Ripple submitted the request after entering into a settlement agreement, where they sought an indicative ruling to lift the August 2024 injunction against Ripple and reduce the imposed penalties from $125 million to $50 million.

An indicative ruling is a statement from a district court about how it would rule on a motion if it still had jurisdiction over a case. 

According to Rule 62.1, a district court does not have real authority to grant or reject a request. As the SEC and Ripple each filed appeals to a final judgment in August 2024, their cross-appeals are still pending in a higher court, the Second Circuit.

"Accordingly, if jurisdiction were restored to this court, the court would deny the parties' motion as procedurally improper," District Judge Analisa Torres said in the Thursday order.

The judge said the parties failed to address the "heavy burden" they must overcome to vacate the injunction, adding that relief from judgment under Rule of Civil Procedure 60 should be made in "exceptional circumstances."

What’s next

The SEC and Ripple previously said that if Judge Torres made an indicative ruling to lift the injunction against Ripple, they would jointly request a limited remand from the Second Circuit. This remand would have returned the case to the district court to formally implement their mutual agreement and dismiss their cross-appeals.

Ripple's Chief Legal Officer Stuart Alderoty said on X that the company and the SEC will revisit this case in the court.
"Nothing in today's order changes Ripple's wins," Alderoty wrote.

"The meaning here is that the parties didn't request relief under the right rule of civil procedure," crypto attorney Fred Rispoli commented on X. "So they will refile it under the correct rule but, me reading between the lines, is that Ripple and the SEC need to get on all fours and beg for relief."

The SEC-Ripple case is one of the most prominent lawsuits in crypto history. It started in late 2020 when the regulatory agency sued Ripple over its sale of XRP tokens, which the regulator viewed as a violation of federal securities laws. The case attracted significant attention, centering on whether XRP, and cryptocurrencies in general, should be considered financial securities.

The dispute took a significant turn when new leadership took over the SEC under pro-crypto President Donald Trump and adopted a friendlier stance toward crypto regulation. The agency has dropped its enforcement actions against several major crypto players this year, including Coinbase and Kraken.

The price of XRP fell 6% in the past 24 hours to trade at $2.38 as of 10:10 p.m. on Thursday ET, according to The Block's XRP price page.

@ Newshounds News™
Source: The Block

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South American Nation Could Join BRICS During 2025 Summit

• The 17th BRICS summit will take place on July 7–8, 2025, in Rio De Janeiro, Brazil.
• Colombia may become the first South American country to join the BRICS alliance.
• Brazil’s President Lula da Silva has officially proposed Colombia’s membership.
• Colombia is also seeking entry into the BRICS New Development Bank (NDB).

A leading South American country could join the BRICS alliance during the 2025 summit in July. The 17th summit is scheduled to take place in Brazil’s Rio De Janeiro on July 7 and 8, during which the 10-member bloc will meet to discuss trade policies, currency options, and new memberships. The alliance’s decisions are consensus-based, as all nations have to agree to move forward on a policy.

No South American country has been part of the BRICS alliance, and things could change after the 2025 summit. Even the 13 ‘partner countries’ are not from South America, while Cuba, the closest, is in the Caribbean. This year’s summit could see major changes in how the bloc operates and advance the de-dollarization agenda on the global stage.

BRICS: South American Nation Colombia Wants to Join BRICS After 2025 Summit

Brazil, which chairs the upcoming summit, has proposed that the South American nation of Colombia join BRICS in 2025.
"Our President Lula da Silva suggested Colombia as a new full-fledged member of BRICS. This issue was discussed by the group’s members," said Brazilian Ambassador to Russia Rodrigo de Lima Baena Soares.

He also explained that Trump’s trade wars and tariffs led to the South American country Colombia considering BRICS in 2025. “What President Trump did was throw us into an abyss of opportunity,” he said. The decision to allow Colombia into the bloc will be consensus-based at the 17th summit in July.

The South American nation Colombia has also requested to join the BRICS bank ‘New Development Bank’ after the 2025 summit. Entry into NDB will allow Colombia to see new loans outside the Western-dominated International Monetary Fund (IMF).

"We would need to talk about new loans, talks about the purchase of debt. And it’s there that great possibilities emerge with a bank like the BRICS’ new bank, on top of loans we could obtain for the issue of education or infrastructure," said Congressman Alejandro Toro.

@ Newshounds News™
Source: Watcher.Guru

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Isaac Update 

May 15, 2025

Isaac posted in his Telegram Room Link

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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

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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

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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

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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.

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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

~~~~~~~~~

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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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

~~~~~~~~~

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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