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Seeds of Wisdom RV and Economic Updates Monday Morning 5-19-25

Good Morning Dinar Recaps,

TRUMP CONGRATULATES REPUBLICANS AFTER ‘BIG BEAUTIFUL BILL’ PASSES HOUSE PANEL

President Donald Trump praised House Republicans after a narrow but pivotal vote late Sunday night advanced what he called the “One Big Beautiful Bill Act,” containing many of his top legislative priorities.

“CONGRATULATIONS REPUBLICANS!!!” the president posted on Truth Social just before 1 a.m. Monday. “MAKE AMERICA GREAT AGAIN!!!”

Good Morning Dinar Recaps,

TRUMP CONGRATULATES REPUBLICANS AFTER ‘BIG BEAUTIFUL BILL’ PASSES HOUSE PANEL

President Donald Trump praised House Republicans after a narrow but pivotal vote late Sunday night advanced what he called the “One Big Beautiful Bill Act,” containing many of his top legislative priorities.

“CONGRATULATIONS REPUBLICANS!!!” the president posted on Truth Social just before 1 a.m. Monday. “MAKE AMERICA GREAT AGAIN!!!”

The House Budget Committee voted 17-16 in a rare late-night session to move the bill forward. The proposed legislation aims to:

  • Extend Trump’s 2017 tax cuts

  • Boost immigration enforcement funding

  • Cut spending on select social programs

House Republicans had spent the previous week negotiating details, particularly around spending cuts and the bill’s potential impact on the long-term national debt.

Notably, four GOP members who had previously blocked the bill’s advancement — Reps. Ralph Norman (S.C.), Chip Roy (Texas), Andrew Clyde (Ga.), and Josh Brecheen (Okla.) — shifted their stance and voted present, allowing the bill to proceed.

Speaker Mike Johnson (R-La.) said the process is far from over, stating the House will continue refining the measure as it moves to the Rules Committee:

“There’s a lot more work to do, we’ve always acknowledged that towards the end there will be more details to iron out, we have several more to take care of,” Johnson told reporters.

@ Newshounds News™
Source:  
The Hill

~~~~~~~~~

DUBAI REGULATOR SETS COMPLIANCE DEADLINE FOR UPDATED CRYPTO RULES

Dubai’s Virtual Assets Regulatory Authority (VARA) has issued Version 2.0 of its activity-based Rulebooks, giving all licensed virtual asset service providers (VASPs) until June 19, 2025, to comply. The updated framework aims to strengthen market integritystandardize regulatory terms, and enhance risk management across the digital asset ecosystem.

The revised rules, announced on May 19, tighten oversight for key activities including margin tradingtoken distributionbrokeragecustodyexchangelending and borrowingvirtual asset management, and transfer and settlement services. VARA has harmonized compliance obligations across these areas, reducing ambiguity and streamlining operational expectations for VASPs.

Among the most notable updates are enhanced supervisory mechanisms and clearer definitions of core concepts such as “client assets,” “qualified custodians,” and “collateral requirements.” VARA also aligned disclosure obligations where service categories overlap, aiming to ease cross-functional compliance.

Margin trading regulations have been specifically tightened. Leverage thresholds have been reduced, and VASPs are now subject to stricter collateralization standards and real-time monitoring obligations. These measures are designed to curb systemic risks associated with overleveraged trading, particularly in volatile markets.

The new Rulebooks also introduce a dedicated section on token distribution. This includes clear licensing prerequisitesinvestor protection requirements, and robust marketing restrictions—especially for retail-facing offers—intended to align with global regulatory standards.

A VARA spokesperson emphasized that the updates aim to close observed regulatory gaps and create a consistent, secure environment for virtual asset activity in Dubai.

VASPs must comply within the 30-day transition period to avoid penalties. VARA’s supervisory team will be engaging directly with regulated firms to facilitate the transition and ensure readiness by the June 19 deadline.

@ Newshounds News™
Source:  
CoinTelegraph

~~~~~~~~~

BRICS: 5 COUNTRIES PAY 93% OF TRADE IN NATIONAL CURRENCIES

BRICS member Russia is advancing the de-dollarization agenda, convincing economic alliances to settle trade payments in national currencies instead of the US dollar. In the latest move, Russia confirmed that 93% of cross-border payments within the Eurasian Economic Union (EAEU) are now settled in national currencies.

This significant shift reflects a growing global trend away from the U.S. dollar as the dominant medium for international trade. After BRICS, several other economic alliances are following suit, putting further pressure on the dollar’s global reserve statusEmerging economies are asserting greater control over the global financial order, independently of Western influence.

BRICS: Eurasian Economic Union (EAEU) Sidelines the US Dollar

The EAEU alliance consists of five countriesRussia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. In 2015, only 70% of the bloc’s trade was conducted in national currencies. A decade later, that figure has climbed to a record 93%, reflecting a steady transition fueled by BRICS-inspired monetary strategies.

“If in 2015 the share of the ruble and other national currencies was about 70% in settlements with our partners in the EAEU, then by the end of last year we reached a record 93%,”
— Dmitry Volvach, Russian Deputy Minister of Economic Development

Russia has extended the BRICS ideology to the EAEU, pushing national currencies ahead of the US dollar in global trade. Today, BRICS, CIS, SCO, GCC, ASEAN, and EAEU are increasingly transacting in their own currencies, significantly reducing reliance on the dollar.

No Force—Only Incentives to De-Dollarize

Volvach stressed that no nation was coerced into de-dollarization. Instead, the transition was driven by practical benefits and national interests:

“It is impossible to artificially force participants in foreign economic activity to switch to one currency. This is a good foundation for further growth,”
— Dmitry Volvach

BRICS and EAEU now stand at the forefront of de-dollarization, marking a pivotal moment where national currencies gain global relevance over the long-dominant U.S. dollar.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Sunday Afternoon 5-18-25

Good Afternoon Dinar Recaps,

US COMPLETELY LOSES PERFECT CREDIT RATING FOR FIRST TIME IN OVER A CENTURY

Moody's Ratings downgraded the U.S. government's credit rating on Friday, citing repeated failures by successive administrations to control the country's growing debt. The agency lowered the rating from its highest grade, Aaa, to Aa1, noting that while the U.S. still benefits from key strengths—such as a dynamic economy and the global dominance of the U.S. dollar—its fiscal outlook has significantly deteriorated.

Good Afternoon Dinar Recaps,

US COMPLETELY LOSES PERFECT CREDIT RATING FOR FIRST TIME IN OVER A CENTURY

Moody's Ratings downgraded the U.S. government's credit rating on Friday, citing repeated failures by successive administrations to control the country's growing debt. The agency lowered the rating from its highest grade, Aaa, to Aa1, noting that while the U.S. still benefits from key strengths—such as a dynamic economy and the global dominance of the U.S. dollar—its fiscal outlook has significantly deteriorated.

Why It Matters

The shift means the United States no longer enjoys a fully stable top-tier rating from any major agency for the first time in more than 100 years. Moody's becomes the third and final major credit agency to reduce its assessment of the federal government's creditworthiness. Standard & Poor's made its first-ever downgrade in 2011, and Fitch Ratings followed in 2023.

What to Know

In its announcement, Moody's—led by chief economist Mark Zandi—projected the federal deficit will rise to nearly 9% of GDP by 2035, up from 6.4% in 2024, driven by:

  • mounting interest payments,

  • rising entitlement costs, and

  • sluggish revenue growth.

Moody's also warned that extending President Donald Trump's 2017 tax cuts—now a key priority for the Republican-led Congress—would add $4 trillion to the federal primary deficit over the next decade. Political gridlock remains a major obstacle to fiscal reform, with:

  • Republicans opposing tax increases, and

  • Democrats resisted spending cuts,
    leaving little room for bipartisan solutions.

What to Know About the Three Major Credit Agencies

The three major credit rating agencies—Moody's Investors ServiceS&P Global Ratings, and Fitch Ratings—play a critical role in assessing the creditworthiness of sovereign nations, including the United States. These agencies assign ratings that influence:

  • borrowing costs,

  • investor confidence, and

  • global economic perceptions.

top-tier credit rating signals low risk, while a downgrade can lead to increased borrowing costs and financial instability.

Historically, the U.S. maintained a perfect credit rating from all three agencies for decades, reflecting the country's economic strength and political stability. That changed in 2011 when S&P downgraded the U.S. from AAA to AA+ following a contentious debt ceiling standoff. Fitch followed in 2023, citing fiscal deterioration and repeated political brinkmanship. Moody's had been the last to maintain a stable AAA rating—until now.

  • Moody's, founded in 1909, is the oldest of the three.

  • S&P, established in 1860, is known for its market indices and ratings.

  • Fitch, founded in 1914, is the smallest but still influential.

Together, these agencies hold immense sway over global finance, and their recent assessments of the U.S. reflect growing alarm over debt levels and political instability.

What People Are Saying

🔹 Democratic strategist Chris Jackson posted on X (formerly Twitter):
"BREAKING: In a stunning move, Moody's has downgraded the U.S. credit rating from Aaa to Aa1—for the first time in history. That's right: the only major credit agency that hadn't downgraded us under Trump just did. Who else enjoying all this 'economic winning' under Trump?"

🔹 Steven Cheung, assistant to President Trump and White House Director of Communications, replied:
"Mark Zandi, the economist for Moody's, is an Obama advisor and Clinton donor who has been a Never Trumper since 2016. Nobody takes his 'analysis' seriously. He has been proven wrong time and time again."

@ Newshounds News™
Source:

Newsweek – Moody’s Downgrades U.S. Credit Rating   

~~~~~~~~~

CHINA SELLS $19B IN U.S. TREASURIES AS TRADE WAR ESCALATES
 Beijing Cuts Holdings Amid Tariff Tensions and U.S. Credit Concerns

China has significantly reduced its holdings of U.S. government debt, shedding $18.9 billion in Treasuries in March, according to newly released data from the U.S. Department of the Treasury. This move aligns with rising tensions in the ongoing U.S.–China trade conflict.

Sharp Drop in Holdings

  • China’s Treasury holdings fell to $765.4B in March, down from $784.3B in February.

  • This is one of the steepest monthly reductions in recent years.

  • China is now the third-largest U.S. debt holder, behind the U.K. and Japan.

This reduction comes amid growing speculation that China may use its U.S. debt holdings as a geopolitical tool—or to reduce risk as bilateral relations deteriorate.

Trade War Fueling Financial Maneuvers

China’s actions follow the U.S.'s aggressive tariff measures, which have escalated into what many now consider a de facto trade embargo, with tariffs exceeding 100% on some imports.

Chinese economist and former central bank adviser Yu Yongding commented:

“China must have a set of countermeasures through repeated scenario planning to safeguard the security of its overseas assets.”

Global Credit Concerns Deepen

China's debt selloff coincides with mounting concerns over the U.S.’s fiscal health:

  • Moody’s downgraded U.S. debt from ‘AAA’ to ‘Aa1’, citing unsustainable debt levels.

  • Interest payments and debt ratios are now “significantly higher than similarly rated sovereigns,” Moody’s warned.

Interestingly, China increased its U.S. Treasury holdings by $20B in February, despite the early tariff rounds. March’s reversal signals a shift in strategy as tensions spike.

@ Newshounds News™
Source:  
Full article on Bitcoin.com

~~~~~~~~~

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Wall Street is Completely Ignoring Silver’s Potential

Wall Street is Completely Ignoring Silver’s Potential

Liberty and Finance:  5-17-2025

The recent U.S. debt downgrade has sent ripples of unease throughout the financial world, and expert analyst Don Durrett believes it’s just the tip of the iceberg.

In a recent interview with Liberty and Finance, Durrett dives deep into the precarious future of gold and silver, painting a compelling picture of economic instability and a potential financial reset.

Wall Street is Completely Ignoring Silver’s Potential

Liberty and Finance:  5-17-2025

The recent U.S. debt downgrade has sent ripples of unease throughout the financial world, and expert analyst Don Durrett believes it’s just the tip of the iceberg.

In a recent interview with Liberty and Finance, Durrett dives deep into the precarious future of gold and silver, painting a compelling picture of economic instability and a potential financial reset.

His predictions are bold: gold soaring to $5,000 and silver breaking past $100, driven by a confluence of factors eroding the foundation of the current financial system.

Durrett doesn’t shy away from discussing the forces of economic manipulation at play. He argues that the persistent intervention in markets has created an artificial environment, masking underlying weaknesses and delaying the inevitable reckoning.

 He also delves into the complexities of Triffin’s dilemma, highlighting the inherent contradictions in a system where a national currency also serves as the global reserve currency. This tension, he contends, contributes significantly to global economic imbalances and instability.

The bond market, a cornerstone of the modern financial system, is also under increasing strain, according to Durrett. Rising interest rates and inflationary pressures are jeopardizing its stability, potentially triggering a cascade of negative consequences for investors and the broader economy.

He emphasizes the importance of understanding these vulnerabilities and taking proactive steps to protect one’s wealth.

But amidst the concerns, Durrett offers a pathway to navigate the storm: precious metals, particularly silver. He makes a strong case for a fundamental economic reset, arguing that the current system is unsustainable in its present form.

 He believes that gold and silver, traditionally seen as safe-haven assets, will play a crucial role in this transition, serving as a hedge against inflation and a store of value during periods of economic turmoil.

While gold is often touted as the ultimate safe haven, Durrett highlights silver’s unique potential. He points to its increasing industrial demand, particularly in green technologies like solar panels and electric vehicles.

This growing demand, coupled with a limited supply, could propel silver prices to levels unseen before. He positions silver not just as a store of value, but as a critical component of the future economy, further solidifying its position as a valuable asset.

The interview with Durrett serves as a stark warning about the challenges facing the global financial system.

He encourages investors to educate themselves, understand the forces at play, and consider diversifying their portfolios with precious metals.

While the predictions of $5,000 gold and $100 silver may seem ambitious, Durrett’s analysis provides a compelling rationale for their potential realization, driven by economic manipulation, systemic vulnerabilities, and the growing demand for silver in the new economy.

As the current system teeters, understanding the potential of precious metals, and particularly silver, might be crucial for navigating the uncertain times ahead.

https://youtu.be/AkqBjPtLpJk

 

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Seeds of Wisdom RV and Economic Updates Sunday Morning 5-18-25

Good Morning Dinar Recaps,

THE LATEST STABLECOIN GENIUS ACT DRAFT: ADDRESSING KEY DEMOCRAT OBJECTIONS?

Yesterday, Punchbowl News reported that Senate leader John Thune had filed for a procedural vote (cloture) on the Stablecoin GENIUS Act — the same vote that failed last week. Hence, another vote is likely to be held next week. Democrat Senator Kirsten Gillibrand claimed major progress on the bill, indicating that several Democrats were gearing up to support it.

However, last night, Punchbowl published a memo from Senator Elizabeth Warren highlighting ongoing problem areas.

Good Morning Dinar Recaps,

THE LATEST STABLECOIN GENIUS ACT DRAFT: ADDRESSING KEY DEMOCRAT OBJECTIONS?

Yesterday, Punchbowl News reported that Senate leader John Thune had filed for a procedural vote (cloture) on the Stablecoin GENIUS Act — the same vote that failed last week. Hence, another vote is likely to be held next week. Democrat Senator Kirsten Gillibrand claimed major progress on the bill, indicating that several Democrats were gearing up to support it.

However, last night, Punchbowl published a memo from Senator Elizabeth Warren highlighting ongoing problem areas.

Ongoing Concerns About Trump Family Interests

Firstly, she objected that there’s nothing in the Bill stopping elected officials and their families from issuing stablecoins. The involvement of President Trump’s sons with crypto firm World Liberty Financial is viewed as controversial by some. That concern was exacerbated when its new stablecoin, USD1, was used in a $2 billion transaction by a firm chaired by the UAE’s national security adviser.

Regarding families, earlier this week, Senator Gillibrand implied that family members are legally permitted to issue stablecoins. However, officials themselves cannot. Since early May, there has been a GENIUS Act clause that states:

For the avoidance of doubt, existing Office of Government Ethics laws and the ethics rules of the Senate and the House of Representatives prohibit any member of Congress or senior executive branch official from issuing a payment stablecoin during their time in public service.”

BigTech Stablecoin Issuance

Senator Warren’s second objection is that BigTech firms, such as Meta or X, are still allowed to issue stablecoins.

While the latest draft does not have a blanket ban, it includes a significant clause addressing issuance by public non-financial corporations. These firms must be approved by the Stablecoin Certification Review Committee, which will assess:

  • Financial stability concerns

  • Protection of consumer data

  • Avoiding tying stablecoin services to other business activities

However, this only applies to public companies. For example, it would not apply to X, Stripe, or other unlisted unicorns. The Committee will consist of the:

  • Secretary of the Treasury

  • Federal Reserve Chair or Vice Chair

  • Chair of the FDIC

Terrorism and Criminal Activities

Senator Warren is also concerned about the use of stablecoins for terrorist and criminal activities. She wrote:

“New language in the draft bill imposing restrictions on when foreign companies can issue stablecoins in the United States makes no material difference, given that the coins could still be issued offshore and moved through domestic decentralized exchanges accessed by terrorists and criminals.”

Her concern might relate to a change in wording — replacing “any person” with “digital asset service provider” (DASP) in several places. This was likely done to align with the upcoming crypto market infrastructure legislation. However, individuals involved in decentralized exchanges may not be covered under the DASP definition — potentially creating a loophole.

Stablecoins and Financial Stability

Stablecoins offer many potential benefits, but they also carry significant financial stability risks. Senator Warren believes these risks are not sufficiently addressed in the current draft:

“[The bill] would still allow issuers to actually invest their reserves in riskier assets, hold them in offshore accounts, engage in dangerous financial and commercial activities, and prevent regulators from applying strong safeguards — inviting a future crash and costly bailouts.”

Other jurisdictions generally require onshore reserve holdings for stablecoins, whereas the GENIUS Act is different in this respect. Some argue that reserves should only be invested in direct government securities, not in money market funds that add a layer of risk.

There is also growing interest in using tokenized assets for stablecoin reserves. These are often tokenized money market funds, which raises the need for clear tokenization standards, including:

  • Secure custody providers

  • Transparent audits

  • Prohibitions on rehypothecation (lending of underlying assets)

There’s no point in banning stablecoin issuers from lending reserves if the tokenization firm can do so instead.

Political Landscape and Path Forward

Despite these concerns, it’s important to consider the broader political context. Senator Warren has long held strong opposition to cryptocurrencies and stablecoins. Her support for any such legislation remains unlikely.

The key to successful regulation lies in garnering Democratic support from lawmakers like Gillibrand, who understand that regulating existing stablecoins is critical. Without a clear framework, the regulatory vacuum may only increase the risks posed by this growing financial sector.

@ Newshounds News™
🔗Source:  Ledger Insights

~~~~~~~~~

🚫 JUDGE DENIES JOINT BID FROM RIPPLE AND THE SEC TO END XRP LEGAL BATTLE

A U.S. judge has rejected a joint request from Ripple and the SEC that sought to end their long-running legal dispute over XRP, saying their bid failed to meet legal requirements.

⚖️ What happened?
Ripple and the SEC filed a joint motion for an “indicative ruling” to reduce Ripple’s $125 million civil penalty to $50 million, and potentially vacate the penalty altogether.

But District Judge Analisa Torres shut it down, saying the parties failed to address the legal burden required to change or vacate the prior judgment.

🧾 Judge Torres wrote:

"Relief from judgment under Rule 60 is granted ‘only upon a showing of exceptional circumstances’… The parties have made no effort to satisfy that burden here; their request does not even mention the rule."

She concluded:

"If jurisdiction were restored, the court would deny the parties’ motion as procedurally improper."

📜 Background on the case:

  • The SEC sued Ripple in late 2020, alleging it sold XRP as an unregistered security.

  • In 2023, Judge Torres ruled that Ripple’s open-market XRP sales were NOT securities, but said institutional sales WERE.

🧨 In August 2023, Ripple was hit with a $125 million penalty. Both Ripple and the SEC have appealed the amount.

📉 Post-Gensler Fallout:
Since Donald Trump took office and Gary Gensler exited the SEC, the agency has walked back several crypto enforcement actions. But this case continues to hang in the balance.

📌 Judge Torres' ruling keeps the legal penalties in place — and the battle continues.

@ Newshounds News™
📎 Source:  DailyHodl

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 5-17-25

Good Afternoon Dinar Recaps,

GENIUS ACT VOTE ON MAY 19: WILL THE U.S. FINALLY REGULATE STABLECOINS?

The U.S. Senate is preparing to vote on the GENIUS Act (Guaranteed Electronic USD Issuance and Safeguards Act) on May 19, 2025. The bipartisan bill, co-sponsored by Senator Bill Hagerty (R-TN) and Senator Kirsten Gillibrand (D-NY), aims to establish the first-ever regulatory framework for payment stablecoins in the United States.

Good Afternoon Dinar Recaps,

GENIUS ACT VOTE ON MAY 19: WILL THE U.S. FINALLY REGULATE STABLECOINS?

The U.S. Senate is preparing to vote on the GENIUS Act (Guaranteed Electronic USD Issuance and Safeguards Act) on May 19, 2025. The bipartisan bill, co-sponsored by Senator Bill Hagerty (R-TN) and Senator Kirsten Gillibrand (D-NY), aims to establish the first-ever regulatory framework for payment stablecoins in the United States.

Hagerty Eyes Bipartisan Breakthrough

Senator Hagerty remains optimistic despite the bill’s rocky journey. On May 8, the GENIUS Act fell short of the 60-vote threshold required for cloture—only 48 senators voted in favor, while 49 opposedConcerns from Democrats included:

▪️ Weak anti-money laundering (AML) measures
▪️ Lack of oversight on foreign-issued stablecoins
▪️ Insufficient consumer protection mechanisms

In response, bipartisan negotiations have led to key amendments. FOX Business reporter Eleanor Terrett confirmed on X that the revised version includes:

▪️ Enhanced customer safeguards
▪️ Clearer bankruptcy protection for stablecoin holders
▪️ Ethical restrictions, barring Big Tech firms (like MetaGoogle) and individuals like Elon Musk from issuing stablecoins

These additions aim to win support from cautious lawmakers and ensure the bill aligns with investor protection and national security goals.

Stablecoin Market: A $246 Billion Sector Awaits Regulation

The timing is crucial. The global stablecoin market is now worth over $246 billion, with Tether’s USDT ($151B) and Circle’s USDC ($61B) leading the charge. These tokens, pegged 1:1 with fiat currency, are essential for traders, institutions, and fintech innovators.

Use cases are growing fast. Mastercard’s partnership with MoonPay is enabling stablecoin payments for 150 million merchants worldwide—further validating the need for regulation.

Senator Hagerty argues the GENIUS Act would:

▪️ Cement the U.S. dollar’s dominance in the digital economy
▪️ Increase demand for U.S. Treasuries
▪️ Encourage fintech innovation to stay within U.S. borders

Can the GENIUS Act Pass?

To pass, the Senate requires 60 votes. As of May 17, 2025, the chamber makeup is:

▪️ Democrats (including Independents): 51 seats
▪️ Republicans: 49 seats

With no party holding a filibuster-proof majority, the bill’s success hinges on bipartisan cooperation. If 9–11 moderate Democrats or Republicans flip in favor, the GENIUS Act could mark a historic regulatory milestone for crypto.

@ Newshounds News™
Source:  
Coinpedia

~~~~~~~~~

BRICS NEWS:  THIS US SECTOR WILL CRASH FIRST IF BRICS ABANDONS THE DOLLAR

The BRICS alliance has turned aggressive in advancing the de-dollarization initiative to bring down the US dollar’s global hegemony. They are forging new trade deals with other developing countries to settle cross-border transactions in their respective local currencies. The long-term goal of the 10-member bloc is to diminish the Western powers and tilt the financial authority towards the East.

The main objective of BRICS is to usher the world into a new financial era where the US, the dollar, and other Western allies have no power in global affairs and the overall markets.

The roadmap is already set, and the developing nations are working towards making it a reality. Whether they will be successful in bringing the US dollar down or not, only time will tell.

However, if BRICS manages to abandon the dollar, one important US sector will be the first to crash. It holds the keys to the American economy and global superiority, and without its support, America might never be a superpower. In this article, we will explain the top sector that will crash first if BRICS ditches the dollar.

Top US Sector To Crash If BRICS Ditches the Dollar

The US banking sector will be the first to come crashing down if BRICS ditches the dollar for cross-border transactions. Leading global banking giants such as JP Morgan, Bank of America, Citigroup, and several others will lose trillions of wealth. These US banks are heavily exposed to the US dollar through foreign exchange and dollar-denominated debt.

If BRICS decides to pull the plug on the dollar, US banks will face a liquidity crunch affecting interest rates and profits. These banks supply the US dollar “forward and backward” into America, and failing to do so will add greater pressure. It would expose the stock market to an extensive decline that has never been seen before.

In conclusion, the first US sector to crash if BRICS sidelines the dollar is the American banking system.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

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News, Rumors and Opinions Saturday 5-17-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 17 May 2025

Compiled Sat. 17 May 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 14 May 2025
What to Expect Next – This Week’s Timeline: Many of you are asking what comes next. Barring any unforeseen delays, here’s a general sequence anticipated in the coming days. …Nesara Gesara QFS on Telegram

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 17 May 2025

Compiled Sat. 17 May 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 14 May 2025
What to Expect Next – This Week’s Timeline: Many of you are asking what comes next. Barring any unforeseen delays, here’s a general sequence anticipated in the coming days. …Nesara Gesara QFS on Telegram

1. Final Briefings & Tests (Early Week): In the first part of this week, last-minute system tests and briefings have been underway behind closed doors. Technical teams and military alliance members are making sure everything is 100% prepared. Quiet confirmations have been flowing in, signaling that “all systems are go.”

2. Initial Public Alerts (Mid-Week): By mid-week, we expect the first public confirmations to start surfacing. This could include subtle announcements or emergency test messages that prepare the way for broader disclosures. Keep an eye out for any unusual “breaking news” or official statements. The aim here is to get the word out gently without causing panic, while bypassing the main stream media blackout.

3. Major Disclosures Begin (Late Week): Toward the end of the week, coordinated public disclosures are likely to kick off. We anticipate a series of global announcements revealing the activation of NESARA/GESARA reforms and the launch of the QFS to the world.

This might involve the Emergency Broadcast System or special televised briefings so that everyone, everywhere, hears the truth. Expect clarity on debt forgiveness, new currencies, and the restored freedoms that come with this shift. The main stream media won’t be able to stay quiet at this point – the news will be simply too big.

4. QFS Access & Rollout (Weekend & Beyond): Once the announcements are made, the Quantum Financial System goes live for the public. You’ll receive official guidance on accessing your QFS wallet and any exchange/redemption appointments if applicable. Funds from global prosperity programs may start to be distributed in phases. Simultaneously, NESARA provisions (like relief from certain debts and taxes) will quietly begin implementation. Life-changing blessings will roll out step by step, in a controlled manner, to ensure a smooth and joyous transition for all.

Each stage of this process will bring more confirmations out in the open. Every day, new proof of this grand plan is emerging – whether through insider leaks, minor news reports, or your own personal experiences (many are already noticing things like odd bank quirks or hints of financial changes). Stay alert but calm as events unfold. I will continue updating you with verified information as I receive it.

Remember, we are on the threshold of an amazing new world. Stay unified, positive, and prepared. More confirmations are coming, and with each passing day, the vision of GESARA becomes less theory and more reality. We’ve got this, together!

Thurs. 15 May 2025 Bruce The Big Call: Notification to Bond Holders and Tier4b (us, the Internet Group) was supposed to happen over the weekend with exchange appointments beginning next week. DOGE checks & increases in Social Security payments should come this month of May. R&R payments will be in our accounts at the Redemption Center.

Read full post here:  https://dinarchronicles.com/2025/05/17/restored-republic-via-a-gcr-update-as-of-may-17-2025/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  If they decide to release at 1 to 1, it's instant as quick as light because it's just a button that  every bank, every exchange center, everybody gets the new rate to be on par with everybody else.

Mnt Goat   Perhaps the best word to describe the news for today is “climax”.  Having the privilege of holding the Arab Summit in Iraq alone shows prestige and honors from the Arab community. This climax is in part from all the reforms necessary to satisfy their plan laid out in the White Paper implementing the Pillars of Financial Reform.  All this investment money pouring into the U.S. and Iraq from the U.S. is nothing but amazing. Remember I always asked the question as to when will the U.S. finally step up and realize the investment potential in Iraq. Well…now is the time under President Trump.

************

SILVER ALERT! COMEX Riggers Struggle to Find Physical Silver to Deliver Against Shorts!!

 (Bix Weir)  5-16-2025

Looks like we will have ANOTHER 80Moz+ delivery month when all is said and done for the COMEX May Silver delivery month! That's twice in 3 months with another huge month in the works for June!! WHERE WILL THEY GET THE PHYSICAL SILVER TO COVER SHORTS?!

https://www.youtube.com/watch?v=isNk7wOkDOE

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Seeds of Wisdom RV and Economic Updates Saturday Morning 5-17-25

Good Morning Dinar Recaps,

Article: Europe’s MiCA Law Is in Motion — But Can the Crypto Industry Keep Up?

• MiCA enters a critical implementation phase across the European Union.
• Stablecoin rules spark industry shake-up, with Tether refusing to comply.
• BitGo steps in with MiCA-compliant licensing in Germany.

The European Union’s Markets in Crypto-Assets regulation — better known as MiCA — is now in its critical implementation phase. Designed to harmonize crypto regulation across all 27 EU member states, MiCA aims to bring clarity, consumer protection, and long-term market stability. But as implementation begins, challenges are already surfacing.

Good Morning Dinar Recaps,

Article: Europe’s MiCA Law Is in Motion — But Can the Crypto Industry Keep Up?

• MiCA enters a critical implementation phase across the European Union.
• Stablecoin rules spark industry shake-up, with Tether refusing to comply.
• BitGo steps in with MiCA-compliant licensing in Germany.

The European Union’s Markets in Crypto-Assets regulation — better known as MiCA — is now in its critical implementation phase. Designed to harmonize crypto regulation across all 27 EU member states, MiCA aims to bring clarity, consumer protection, and long-term market stability. But as implementation begins, challenges are already surfacing.

This week’s Byte-Sized Insight episode explores MiCA’s newly active provisions, focusing particularly on stablecoins, and why some of the industry's largest players are pushing back.

As of January 2025, crypto asset service providers (CASPs) have begun acquiring licenses to legally operate within the EU. A transitional or “grandfathering” period grants existing firms up to 18 months (depending on the member state) to comply. However, with regulatory deadlines looming, firms must act swiftly.

Stablecoins Under Fire

One of MiCA’s earliest — and most controversial — provisions focuses on stablecoins.
Under the regulation, no stablecoin may be offered to EU users unless the issuer is authorized within the EU and publishes a white paper approved by regulators.

Additional requirements include:
• Strict reserve asset mandates
• Robust governance structures
• Conflict of interest policies
• Tight marketing rules
• A ban on offering interest-bearing tokens

This puts the world’s most-used stablecoin — Tether’s USD₮ — at odds with MiCA.
Tether has publicly announced that it will not seek MiCA compliance, which could force exchanges to delist it across the EU.

💬 Tether CEO Paolo Ardoino told Cointelegraph’s Gareth Jenkinson at Token2049:

“The reason is not, uh, fear of regulations, fear of compliance… The problem that I had with, um, with MiCA is that [the] license is very dangerous when it comes to stablecoins and I believe that it's even more dangerous for the small medium banking system in Europe.”

Compliance Players Step In

While some resist, others are embracing the new landscape.
BitGo, a major crypto custody firm, has obtained a MiCA-compliant license in Germany.
This positions BitGo to serve institutional players throughout the EU.

💬 Brett Reeves, Head of Go Network and European Sales at BitGo, shared:

“We found that both BaFin and the European regulators have been relatively straightforward to deal with. Sometimes they have difficult questions, but they're there to make sure that our processes are in place and up to scratch.”

Industry voices are also calling for clarity at the national level.
Erwin Voloder, Head of Policy at the European Blockchain Association, emphasized the importance of consistent interpretation and guidance from EU regulators.
Without it, there's a risk of fragmented enforcement and uncertainty for market participants.

MiCA marks a turning point for crypto regulation in Europe — but its success hinges on how well the industry adapts and how effectively regulators coordinate implementation.

@ Newshounds News™
Source: 
Cointelegraph

~~~~~~~~~

Article: XRP News Today – Bank of France Officially Testing Ripple’s Ledger for Digital Euro

• Bank of France is officially testing Ripple’s private ledger for a Euro-based CBDC.
• Marks the first confirmed trial of Ripple’s blockchain for a national digital currency in France.
• Could give Ripple a first-mover advantage in the EU’s digital finance future.

A new academic study from Ulster University reveals that the Bank of France is actively testing Ripple’s private ledger as the underlying blockchain for a potential Central Bank Digital Currency (CBDC) based on the euro.

💬 The update was shared by crypto analyst @WrathofKahneman on X (formerly Twitter), highlighting what may be the first confirmed government trial of Ripple’s ledger for a European national digital currency.

Ripple’s Private Blockchain Gets a Seat at the Table

According to the academic findings, the Bank of France is currently conducting live tests on Ripple’s enterprise-grade private ledger.

This development significantly strengthens Ripple’s reputation as a top-tier blockchain infrastructure provider for national-level digital currencies.

France’s involvement is particularly notable due to its leadership role within the European Union, adding weight to any potential adoption discussions surrounding the digital euro.

Why This Trial Is a Major Milestone

🔹 Institutional Validation:
The Bank of France trial signals that Ripple’s blockchain is gaining serious institutional trust, despite past regulatory scrutiny in the United States.

🔹 EU-Wide Implications:
If successful, this test could pave the way for Ripple’s technology to be considered for EU-wide digital euro initiatives.

🔹 Tech Over Token:
The trial emphasizes Ripple’s value as a blockchain infrastructure provider, not just a cryptocurrency issuer.

🔹 First-Mover Advantage:
Ripple’s ready-to-deploy ledger gives it a potential edge over competitors still developing their CBDC platforms.

The Bigger Picture: Ripple in the Global CBDC Race

Countries like China are already moving aggressively on CBDC development. Europe, by contrast, risks falling behind — unless it can adopt a scalable, secure solution quickly.

Ripple’s blockchain is uniquely positioned to fill this gap, offering speed, compliance, and reliability.

Why This Matters

Ripple’s entry into CBDC trials in France may mark the start of a much broader shift. As central banks globally search for trusted partners to usher in the next generation of money, Ripple is clearly positioning itself as a frontrunner in the digital financial revolution.

@ Newshounds News™
Source: 
Coinpedia

~~~~~~~~~

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Will Trump Return To A Gold Standard? | John Rubino

Will Trump Return To A Gold Standard? | John Rubino

Liberty and Finance:  5-16-2025

John Rubino highlighted how Donald Trump’s second term is shaping up very differently from his first, with Trump now cutting major international deals and gaining political momentum, particularly in the Middle East.

Rubino praised Trump’s bold geopolitical moves, suggesting that his direct, transactional style is helping stabilize global trade tensions, despite lingering economic risks.

He pointed out that Trump’s aggressive approach could even extend to monetary reform, speculating that a return to the gold standard isn’t out of the question.

Will Trump Return To A Gold Standard? | John Rubino

Liberty and Finance:  5-16-2025

John Rubino highlighted how Donald Trump’s second term is shaping up very differently from his first, with Trump now cutting major international deals and gaining political momentum, particularly in the Middle East.

Rubino praised Trump’s bold geopolitical moves, suggesting that his direct, transactional style is helping stabilize global trade tensions, despite lingering economic risks.

He pointed out that Trump’s aggressive approach could even extend to monetary reform, speculating that a return to the gold standard isn’t out of the question.

On gold, Rubino noted its surprising strength in breaking past $3,000 without major resistance, attributing this to institutional buying and a growing distrust in fiat currencies.

He advised that while short-term corrections are likely, the long-term trajectory for gold remains bullish due to systemic financial instability and the inevitable devaluation of global currencies.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Trump's deal making

10:45 Gold market

21:00 Artificial Intelligence

30:10 Preparedness & health

https://www.youtube.com/watch?v=c6K7_dIY5Xs

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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.

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 memecoinsDeFi, 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

~~~~~~~~~

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.

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

 

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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.

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

~~~~~~~~~

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

~~~~~~~~~

Isaac Update 

May 15, 2025

Isaac posted in his Telegram Room Link

~~~~~~~~~

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