Seeds of Wisdom RV and Economic Updates Monday Morning 5-26-25

Good Morning Dinar Recaps,

PETER SCHIFF WARNS TRUMP’S ‘BIG, BEAUTIFUL BILL’ WILL TRIGGER ECONOMIC COLLAPSE, OBLITERATE THE DOLLAR

Renowned economist and gold advocate Peter Schiff has issued a dire warning about President Donald Trump’s “Big, Beautiful Bill,” calling it a ticking time bomb for the U.S. economy. In a flurry of posts on X (formerly Twitter), Schiff lambasted the legislation as a fiscal disaster that could obliterate the U.S. dollar and trigger a sovereign debt crisis.

“A Fiscal Nuke in Disguise”

Schiff minced no words, labeling the bill as a continuation of the same reckless policies that led to America’s economic decline. He warned that instead of Making America Great Again, the bill could be the "straw that breaks the camel’s back."

“It may usher in a long-overdue dollar & sovereign debt crisis,” Schiff declared.

No Deficit Cuts, Just More Spending

The bill spans 1,116 pages, yet Schiff points out none of them reduce the deficit. In fact, he says the legislation bloats government spending and masks its true cost through accounting gimmicks.

“Only two House Republicans had the courage to vote against this monstrosity,” he wrote. “It’s a total fraud and a betrayal.”

Tax Cuts or Hidden Tax Hike?

Despite Trump touting the bill as a historic tax cut, Schiff says the real cost of government is total spending, not the tax rate.

“This bill increases spending, so it’s a tax hike, not a tax cut,” he stated, predicting rising inflation and interest rates as the eventual burden on taxpayers.

Medicaid Cuts Won’t Stick

Schiff also took aim at the bill’s alleged cuts to Medicaid, calling them a deceptive talking point. He noted the reductions don’t take effect for five years—if ever—and will likely be rolled back under political pressure.

Supporters Push Back

While Schiff is sounding the alarm, backers of the bill argue it brings clarity to tax policy and aims to resolve structural problems inherited from previous administrations. They see it as a roadmap to economic stability—but Schiff warns that stability can’t come from denial and debt

As the political divide over U.S. fiscal policy deepens, Schiff’s warnings add to growing fears that America’s debt-fueled economy is heading toward a breaking point.

@ Newshounds News™
Source:  Bitcoin.com

FYI:  This is exactly what we need to bring in the New Gold-backed Quantum Financial System

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CAN BRICS TOPPLE THE US DOLLAR? BRAZIL CENTRAL BANK DIRECTOR SAYS NOT IN THIS DECADE

Despite rising momentum behind BRICS’ de-dollarization agenda, Brazil’s Central Bank Deputy Governor Nilton David has cast serious doubt on the bloc’s ability to dethrone the U.S. dollar anytime soon. Speaking during a recent webcast, David broke down the myths vs. reality of BRICS’ financial influence—and his conclusion was blunt:

 “No BRICS Asset Strong Enough to Replace the Dollar”

David, who also serves as Director of Monetary Policy, acknowledged BRICS' efforts to promote local currencies in trade, but said the alliance lacks a credible alternative to the greenback.

“There are no stronger BRICS-denominated assets or currencies that can replace the U.S. dollar,” he stated, adding,
“I don’t think that will change over the coming decade.”

Bitcoin? Not the Answer Either

When asked if Bitcoin could disrupt the dollar’s dominance, David dismissed it outright.

“It’s a speculative currency by nature,” he said, emphasizing Brazil’s $340 billion in FX reserves are in dollars because the greenback is far more stable than crypto assets.

BRICS Facing Limitations

While BRICS has made headlines for challenging Western financial hegemony, David said the alliance still lacks the depth, liquidity, and trust required to rival the dollar on a global scale.

“The push for local currency trade is real, but it won’t ‘nail the coffin’ on the dollar,” he noted.

He further questioned whether BRICS could ever serve as a true counterweight to the West, citing financial and structural limitations.

Bottom Line: De-dollarization May Be Inevitable—But It Won’t Be Fast

As speculation grows about a BRICS-led global shift, Brazil’s central bank sees no immediate threat to the U.S. dollar’s supremacy. While alternative trading mechanisms may gain ground, a full-scale dethroning of the greenback appears decades away—if at all.

@ Newshounds News™
Source:  Watcher.Guru

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Iraq Economic News And Points To Ponder Sunday Afternoon 5-25-25

A Strong, Diversified, And Sustainable Economy Is A Fundamental Pillar Of The National Security Strategy    ( Yrs - 2025-2030 )   

Samir Al-Nusairi   The Prime Minister announced the Iraqi National Security Strategy, with its axes and objectives, designed to ensure security and economic stability, protect Iraq internally and externally, avoid risks, and enhance the country's societal security, stability, sovereignty, and prosperity in all areas.

What concerns us as economists is how to achieve the economic goal of the strategy, which constitutes the basic foundation for building effective economic stability and sustainable development in accordance with Iraq’s economic vision for the years (2025-2030).

It is important to note that most countries in the world, whether emerging or fragile economies, have national security strategies that rely on plans to build stability and social development for their people.

The most prominent of these plans relate to ensuring food security, health security, and livelihood security as basic and systematic priorities for building a safe, stable, and developed society. This is what Iraq's Vision 2030 clearly emphasized and indicated.]

Iraq is currently going through a critical, important, and sensitive phase due to the political, security, and economic circumstances, which can be specifically identified with the fluctuations in global oil prices and the global economic recession.

 The economic reality, according to official data, also indicates that
The preliminary results of the general population census indicate that Iraq's population has risen to 46 million, while unemployment and poverty rates continue at the overall level.

This requires solutions and major efforts to empower youth, reduce unemployment rates, and alleviate poverty in a country that aims to achieve stability in its national security strategy.

To implement the plans drawn up to achieve this, we believe that Building the foundations of a comprehensive national security strategy, with a focus on the economy, must result in security, stability, and economic development that contribute to societal well-being. It must be effective and implementable under the current circumstances in Iraq.

 Therefore, many citizens from various levels of government, politics, and economics, as well as university professors, civil society organizations, youth, women, and professionals, must familiarize themselves with the strategy's details, each within their respective fields, and contribute to achieving its objectives.

The magnitude of the economic challenges, both domestically and internationally, and the continued volatility of global oil prices require a firm stance by all governmental, political, and popular bodies, as well as the private sector, to protect Iraq and sustain the building of a strong, diversified, developmental, and sustainable economy, based on realistic realities.

I believe that the strategy should be a realistic application of the axes of the government program in its economic and security dimensions, and most importantly...

Legitimate demands to eliminate financial and administrative corruption, address unemployment and poverty, and return Iraqi funds stolen by corrupt people.

The basic economic principles of the national security strategy should be as follows:
1- Building a sound national economy with multiple resources.
2- The private sector plays a pivotal role in leading the market.
3- Providing food, medicine and environmental security for citizens.
4- Ensuring a decent life for the individual and the family.
5- Reforming and developing the financial and banking sector and increasing its contribution to economic development.
6- The state guarantees social justice for citizens.
7- Protecting the spirit of citizenship and community and civil peace.
8- Reforming and developing good governance institutions to provide the best services to citizens.
9- Information security and transparency of economic data and indicators.

https://economy-news.net/content.php?id=55809

The Central Bank Launches The First National Strategy For Financial Inclusion

Banks  Economy News – Baghdad  The Central Bank of Iraq announced on Sunday the launch of the first National Financial Inclusion Strategy for the period 2025-2029.

He follows..

36 views  Added 05/25/2025 - 5:18 PM  https://economy-news.net/content.php?id=55824

The Central Bank Of Iraq Launches The First National Strategy For Financial Inclusion.

Time: 2025/05/25 Reading: 675 times    {Economic: Al Furat News} The Central Bank of Iraq launched, today, Sunday, the first national strategy for financial inclusion for the period 2025-2029.

According to a statement by the Central Bank, a copy of which was received by {Euphrates News}, the strategy includes an integrated framework for financial inclusion aimed at enabling all individuals and companies to access the financial sector and use appropriate and safe financial services while protecting their rights, thus contributing to economic and social development.

In his speech, the Governor of the Central Bank, Ali Mohsen Al-Alaq, emphasized that "the Central Bank of Iraq attaches great importance to enhancing financial inclusion in Iraq, in addition to cooperation at the regional, Arab, and international levels.

The Central Bank of Iraq has worked with international partners to develop a financial inclusion strategy in accordance with international best practices, in partnership with the World Bank Group, the Arab Monetary Fund, the Global Financial Inclusion Alliance, and the German Development Cooperation Agency (GIZ), in addition to local partners from public and private bodies and agencies."

He added, "The bank is working to achieve a number of goals, including increasing the number of bank accounts, enhancing consumer protection for those dealing with the financial sector, using the latest electronic payment methods, and developing infrastructure and regulations to promote financial inclusion."   LINK

A "Time Bomb" Threatens The Iraqi Economy.. An Expert Explains (Infographic)

economy | 11:58 - 05/25/2025   Mawazine News - Baghdad -  Economic expert Manar Al-Obaidi warned on Sunday of the risks of the domestic debt, which has exceeded 85 trillion dinars, describing it as a "time bomb" threatening the Iraqi economy.

Al-Obaidi said in a blog post followed by Mawazine News, "It is often promoted that the domestic debt is not dangerous because it is in dinars and does not affect foreign currency reserves, but this claim reflects either ignorance of the reality of the Iraqi economy or an attempt to reassure people with statements far from the truth."

He explained that the government's borrowing from local banks to cover the deficit withdraws liquidity from the market, which means diverting funds that were supposed to finance private sector projects, such as factories, companies, and job opportunities, to mere government salaries and expenditures. He added, "This makes banks merely a fund to cover state expenses."

He pointed out that domestic loans do not always rely on people's savings. Rather, the Central Bank often prints new dinars to finance them, in what is known as "deficit financing," which leads to inflation, rising prices, a decline in the value of the dinar, and directly harms citizens.

Al-Obaidi warned that those who downplay the danger of debt in dinars are ignoring the possibility of a financial crisis even without the influence of the dollar. A government's inability to repay its debts to banks or a loss of confidence in the banking system could lead to a collapse more severe than any monetary crisis.

He emphasized that most countries borrow to build factories, develop education, or stimulate the market, while Iraq borrows to cover salaries and ministry expenses. This debt is devastating to the economy and burdens future generations.

He expressed concern that the domestic debt, which has increased by 13 trillion dinars in just one year, is equivalent to what accumulated in the previous four years, with no known fate or method of repayment. He said, "This debt has not been used to reduce imports, stimulate the private sector, or create productivity, but has been limited to financing government salaries and expenses."

Al-Obaidi concluded his warning by saying, "The domestic debt is not as safe as it is portrayed. Rather, it reflects poor management of public funds and perpetuates a chronic deficit.  

Those who downplay its seriousness are either ignorant of the figures or seeking to mislead public opinion.  It is a fire under the ashes, and if we do not change our spending and management practices, we will face an economic explosion, and we will be powerless to act."  https://www.mawazin.net/Details.aspx?jimare=261890

Minister Of Environment: Iraq Is Making Confident Strides Towards Enhancing Regional And International Cooperation On The Water Issue

Local  Economy News – Baghdad  Environment Minister Helo Al-Askari affirmed on Sunday that Iraq is making confident strides towards enhancing regional and international cooperation on the water issue.

The ministry said in a statement, seen by Al-Eqtisad News, that "the Minister of Environment sent a humanitarian and environmental message to the world during his participation in the Fifth Baghdad International Water Conference, calling for "international cooperation and the spirit of peace over conflict," stressing that "humanity, with all its peoples and organizations, strives for security and stability, far from the language of wars and weapons that have long ravaged the world."

The Minister of Environment added, according to the statement, that "water should not be used as a tool for political pressure or a weapon to punish peoples and nature, but rather must remain a shared resource that promotes peace and contributes to achieving sustainable development, especially since many peoples, including Iraq, bear the burdens of climate change resulting from industrial practices in major countries that continue to violate the laws of nature without deterrence."

He continued, "Instead of using water as a weapon in our political negotiations, let us water trees, flowers, and green spaces with it." This way, we restore balance to nature in the face of rapid population growth.”

He explained that “this environmental approach reflects the essence of the Iraqi government’s vision, which seeks to improve a positive and sustainable political climate, especially with regard to water resource management.”

The Minister explained that “Iraq is making confident strides towards strengthening regional and international cooperation on the water issue, through launching qualitative initiatives, most notably the adoption of sustainable agriculture and the intensification of awareness campaigns to rationalize human, agricultural, and industrial water use.

This is in addition to the regional initiative to protect the Tigris and Euphrates, launched by the Prime Minister during the conference, which aims to achieve water security, environmental balance, and utilize technology and innovation to address climate challenges.” The

Minister continued, “Let us remember that all divine books, including the Holy Quran, consider water a sacred blessing that revives humans, animals, and nature, and represents the basis for the sustainability of life if water is made a means of peace rather than a tool of conflict.”

Al-Askari concluded by emphasizing that “Iraq, by virtue of its geographical location and cultural history, is fully aware of the vital role of water in achieving development, and calls on all countries to unite efforts and adopt a common approach that places people and the environment at the heart of water policies.”   https://economy-news.net/content.php?id=55826

The Dollar Continues To Fall Against The Dinar

Economy | 11:02 - 05/25/2025   Mawazine News – Baghdad   The exchange rate of the dollar fell against the dinar on Sunday morning in the markets of the capital, Baghdad.

The dollar price recorded a decline in the Al-Kifah and Al-Harithiya stock exchanges, recording 141,950 dinars for every $100, while yesterday, Saturday, it recorded 142,100 dinars for every $100.

Selling prices stabilized in exchange shops in the markets of Baghdad, where the selling price reached 143,000 Iraqi dinars for every $100, and the purchase price reached 141,000 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=261888

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

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

Good Afternoon Dinar Recaps,

DUBAI LAND DEPARTMENT LAUNCHES TOKENIZED REAL ESTATE INITIATIVE ON XRP LEDGER

The Dubai Land Department (DLD) has officially launched a landmark initiative in partnership with Ctrl Alt, aimed at transforming real estate investment through blockchain-based tokenization on the XRP Ledger.

Ctrl Alt and DLD Launch Real Estate Tokenization Project

Ctrl Alt has officially launched its tokenization partnership with the Dubai Land Department (DLD) for the Real Estate Tokenization Project, marking a significant step forward in property investment innovation within the Emirate.

This initiative, developed in collaboration with the Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation, uses the XRP Ledger to establish a secure and compliant framework for tokenizing real estate title deeds.

Fractional Ownership Through PRYPCO Mint

By enabling fractional ownership, the project allows multiple investors to co-own properties with a minimum investment of AED 2,000 through the PRYPCO Mint platform.

This model opens the door to broader participation, especially for retail and global investors previously excluded by high capital requirements. Blockchain integration ensures that ownership records remain immutable and verifiable, reducing fraud and administrative overhead.

Blockchain Technology to Drive Transparency and Efficiency

The DLD’s implementation of blockchain technology for property registration is designed to enhance transparency, boost investor confidence, and improve operational efficiency in the real estate market.

This technological shift not only aligns with Dubai's forward-looking stance on digital innovation but also supports the creation of a more inclusive and liquid real estate ecosystem.

Economic Impact and Long-Term Vision

The initiative is projected to help build a tokenized real estate market worth AED 60 billion ($16 billion) by 2033, in line with Dubai’s Real Estate Sector Strategy 2033 and the Emirate’s broader economic goals. The move underscores Dubai's ambition to be a global leader in blockchain-powered real estate.

Ctrl Alt CEO Hails the Initiative

Matt Ong, CEO of Ctrl Alt, expressed strong support for the partnership, stating:

“This project has the potential to significantly broaden investor participation and truly modernize the real estate sector. It’s a new chapter for real estate ownership and investment in the region.”

The launch of this initiative signals a broader shift toward digitally-native investment solutions and may serve as a blueprint for other global cities seeking to integrate blockchain into traditional asset markets.

@ Newshounds News™
Source:  Bitcoin.com

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EUROPE’S LARGEST BANK HSBC LAUNCHES FIRST-EVER CRYPTO SETTLEMENT SERVICE IN HONG KONG

HSBC has officially launched a groundbreaking crypto settlement service in Hong Kong, marking a significant shift in how traditional banks interact with blockchain technology.

HSBC Introduces Blockchain-Powered Settlements

Europe’s largest bank, HSBC, has introduced the first-ever crypto settlement platform in Hong Kong, simplifying digital asset transactions for corporate clients. In a press release on May 22, the $3 trillion financial institution announced that users can now settle transactions using tokenized fiat deposits, boosting speed and lowering costs.

The platform instantly converts fiat deposits into digital tokens, enabling faster, round-the-clock payments in both Hong Kong dollars and U.S. dollars. This service is initially available only to Hong Kong clients, but HSBC has revealed plans to expand across Asia and Europe by late 2025.

A Historic First Transaction with Ant International

HSBC’s digital asset settlement service went live with a pioneering transaction involving Ant International, an affiliate of Alibaba Group Holdings. Ant used its treasury management system to initiate the payment, which was tokenized and settled instantly via HSBC’s distributed ledger technology (DLT) platform.

The two companies also successfully tested Ant’s Whale platform, a digital treasury and tokenization tool, highlighting their ongoing collaboration in fintech innovation.

HSBC’s Vision: Bridging Traditional and Digital Finance

Lewis Sun, HSBC’s Global Head of Domestic and Emerging Payments, hailed the development as a powerful example of tokenized finance merging seamlessly with traditional systems. He described Hong Kong as a global innovation hub and praised the city’s proactive regulatory environment in supporting digital transformation.

Sun stated:

“This service reflects how tokenized deposits can modernize payments, improving efficiency while maintaining trust.”

Hong Kong's Aggressive Push Toward Crypto Leadership

The launch comes amid Hong Kong’s broader ambition to position itself as a global crypto hub. Recent initiatives include:

• Issuing licenses to four new crypto exchanges, including DFX Labs and Accumulus Global

• Accepting Bitcoin and Ethereum as part of wealth disclosures for immigrant visas

• Passing a stablecoin bill in May requiring issuers to obtain operational licenses from the HKMA

These developments further highlight the region’s progressive stance on digital assets and its commitment to attracting global crypto innovation.

@ Newshounds News™
Source:  The Cryoto Basic

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XRPTURBO: THIS XRP PROJECT AIMS TO ACCELERATE RIPPLE DEFI REVOLUTION AS LIQUID STAKING GOES LIVE, SET TO LAUNCH AI AGENT LAUNCHPAD

XRPTurbo is emerging as a powerful new force on the XRP Ledger (XRPL), aiming to redefine the ecosystem through an innovative blend of DeFi and AI technology. As the broader crypto market surges, XRPTurbo is positioning itself as the go-to hub for staking, governance, and decentralized automation within the Ripple ecosystem.

XRPTurbo’s Meteoric Growth and Token Surge

Since its oversubscribed presale, XRPTurbo has achieved major milestones. Its native token, $XRT, has surged more than 350% post-launch, with listings secured on Bitmart and XPmarket, and visibility on CoinGecko, with a CoinMarketCap debut expected soon.

The rapid ascent is fueled by a growing community, strategic partnerships, and strong developer engagement—solidifying XRPTurbo as a serious contender within XRP's evolving DeFi landscape.

High-Yield Liquid Staking Goes Live

XRPTurbo’s liquid staking protocol is now live, offering up to 25% APY for users simply holding $XRT in supported wallets like Xaman. The key innovation: tokens remain fully liquid and transferable, sidestepping the usual lockup periods seen in traditional staking systems.

Already, more than 40% of the total 100 million $XRT supply is staked, showcasing growing investor confidence and strong platform engagement.

Coming Q2: XRPL’s First AI Agent Launchpad

In Q2 2025, XRPTurbo will unveil the first AI Agent Launchpad on XRPL. This decentralized automation tool will allow developers to create intelligent agents—self-operating bots capable of managing trades, executing smart contracts, and analyzing data autonomously on-chain.

This innovation is set to bring real-time, 24/7 automation to XRPL and will play a crucial role in enabling next-gen Web3, DeFi, and tokenization projects to thrive on Ripple’s high-speed, low-cost network.

Community-Driven Governance and Early Access Perks

XRPTurbo isn’t just a tech platform—it’s a governance-enabled ecosystem. With the forthcoming Governance & Launchpad DApp, $XRT holders will gain the power to vote on protocol upgrades, project listings, and funding allocations.

Moreover, $XRT unlocks exclusive early access to new launches, including AI-driven and Real World Asset (RWA) projects. This gives holders a front-row seat—and financial advantage—as new innovations hit the XRPL.

Conclusion

With Bitcoin at all-time highs and DeFi rapidly expanding, XRPTurbo is carving out a distinctive niche where AI meets decentralized finance. It’s not just another project—it’s shaping the future of DeFi on XRPL.

Explore liquid staking, participate in governance, and access tomorrow’s projects today.

Buy $XRT on Bitmart or XPmarket, and learn how via this quick guide: How to Buy $XRT

@ Newshounds News™
Source:  CryptoDaily

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

Good Morning Dinar Recaps,

FORMER IMF CHIEF ECONOMIST BELIEVES CRYPTO IS A RISING THREAT TO THE U.S. DOLLAR’S DOMINANCE

Kenneth Rogoff believes that “crypto has value” and its growing usage in the gray market can chip away at the dollar’s hegemony.

American economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the U.S. dollar.

Rogoff previously served as the chief economist at the International Monetary Fund (IMF) and on the Federal Reserve Board. He is a published author and an economics professor at Harvard University.

In an interview with Bloomberg, Rogoff said that while the U.S. dollar is still the most dominant global currency, its influence is decreasing.

“I see it [dollar’s dominance] as in decline — it’s fraying at the edges where, of course, the renminbi is breaking free of the dollar, the euro is going to have a larger footprint — that’s been going on for a decade.”

Crypto is already eating away at the U.S. Dollar’s dominance

Rogoff said that one of the main markets for the U.S. dollar is the underground economy, sometimes referred to as the gray market or the shadow economy. The largest chunk of this economy, which the government cannot easily trace, is made up of tax evaders. Transactions conducted by criminals are also part of this economy, albeit a small one, he said.

As per Rogoff’s estimate and a World Bank survey, the underground economy constitutes about 20% of the world economy. That makes it worth around $20-to-$25 trillion, depending on the value of the dollar.

Earlier, the preferred mode of payment for such transactions used to be U.S. dollar notes. But now, crypto is increasingly emerging as the new favorite. In his latest book, Our Dollar, Your Problem, Rogoff states that cryptocurrencies have already started chipping off at the dollar’s global standing. In his interview, he said:

“…although crypto has not made significant inroads into the legal economy, it is increasingly used in the global underground economy – consisting of criminal activity but mainly tax and regulatory evasion – where cash, especially US dollars, had been king.”

The dollar losing its footing to crypto impacts the larger global market by making everything more expensive through rising interest rates. From Treasury bill rates and mortgages to car and student loans, all interest rates are affected by the dollar’s declining influence. This is because the U.S. enjoys an “exorbitant privilege” from the dollar being the most important reserve currency, he explained.

Additionally, U.S. authorities track financial flows to gather information about potential threats to national security, and a loss in the dollar’s market share makes that more difficult.

Ironically, last year, Senator Cynthia Lumis said that having Bitcoin (BTC) in reserve can help the dollar “remain strong.”

‘Crypto has value,’ Rogoff says

According to Rogoff, critics who believe cryptocurrencies are just scams with no value are “completely wrong.” He said:

“The notion that there is no ‘fundamental value proposition’ in transactions use [of crypto] is just wrong.”

Rogoff explained that cryptocurrencies provide an accepted medium of exchange, which is a value proposition. Even if the government heavily regulates crypto, it will still face significant challenges controlling the underground economy, where it has less leverage, he said.

Therefore, Rogoff insists that “crypto has value.” The difficulty that authorities will face in tracking crypto transactions in the gray market is significant, which means crypto is “not worthless,” because “there’s a lot at stake here,” he added. However, he clarified:

“Crypto can’t replace the dollar. But that’s in the legal economy where the government has a lot of leverage. But in the underground economy, by definition, it has much less leverage.”

@ Newshounds News™
Source:  CryptoSlate

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FED QUIETLY BUYS $43,600,000,000 IN US TREASURIES IN ALLEGED ‘STEALTH QE’ OPERATION AFTER CHINA ABRUPTLY DUMPS BILLIONS IN BONDS

The Federal Reserve just bought $43.6 billion in US Treasuries in the span of a single week, sparking concerns that a quiet quantitative easing (QE) operation is already underway.

New documents reveal that the Fed purchased $8.8 billion in 30-year bonds on May 8th via its System Open Market Account (SOMA) – a move that followed a much larger $34.8 billion purchase earlier that same week.

The series of large purchases has triggered allegations that a “stealth QE” program is unfolding. A recent MarketWatch op-ed by Charlie Garcia described the move as “monetary policy on tiptoes.”

The Fed has long maintained that such purchases are routine reinvestments of maturing securities, designed to help adjust the money supply and influence interest rates to meet monetary policy targets.

The Fed’s buying spree comes in the wake of a major sell-off from China

New numbers from the U.S. Treasury Department show that China sold $18.9 billion in U.S. bonds in March, even as most other countries increased their holdings during the same period.

Following the sell-off, China’s holdings now stand at $765.4 billion, placing the country in third place among foreign holders of U.S. debt.

The top two holders are now:

• Japan, with $1.13 trillion

• The United Kingdom, with $779 billion

China’s reduction in holdings has raised questions about geopolitical motives and economic strategy, while the Fed’s sudden bond purchases have fueled speculation of backdoor liquidity support for U.S. markets.

While the Federal Reserve continues to deny any formal return to quantitative easing, market analysts and commentators are beginning to raise red flags about the scale and timing of these recent purchases.

If these trends continue, the Fed may face increasing scrutiny over whether it is quietly attempting to stabilize markets and artificially suppress long-term interest rates in response to foreign divestment and rising fiscal pressure.

@ Newshounds News™
Source:  DailyHodl

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RIPPLE HAILS CRYPTO ETF BOOM AS GAME-CHANGER FOR INSTITUTIONAL ACCESS

Ripple’s CEO breaks it down: crypto ETFs are revolutionizing access for institutional investors and delivering long-sought legitimacy, catapulting digital assets into mainstream financial dominance.

Ripple Unpacks Crypto ETF Surge—Access and Legitimacy Just Changed Everything

Ripple CEO Brad Garlinghouse took the spotlight on Friday in a special episode of Ripple’s “Crypto In One Minute” to address the surging momentum behind crypto exchange-traded funds (ETFs). His remarks focused on the question: “Why are crypto ETFs exciting?” Garlinghouse identified two central drivers behind the growing institutional enthusiasm for these financial products, highlighting both access and legitimacy as key developments transforming the digital asset landscape.

First, Garlinghouse emphasized that ETFs now offer traditional investors a new gateway into crypto markets, stating:

“This was really the first time you had institutions be able to go on Wall Street and trade directly in crypto.”

He explained that for years, institutional investors—ranging from mutual funds to pension funds—were largely sidelined due to the complexities of self-custody and hesitations around using centralized exchanges. With ETFs, capital that was previously locked out can now enter the market through familiar, regulated structures. This shift addresses long-standing access barriers that had limited crypto’s reach into mainstream finance.

Second, the Ripple CEO argued that the emergence of crypto ETFs is helping transform how the sector is perceived, stating:

“It really is institutionalizing the entire industry of crypto.”

Garlinghouse cited the rapid growth of bitcoin ETFs as evidence. This, he suggested, marks a growing acknowledgment of crypto as a serious and legitimate asset class, on par with traditional options like gold ETFs.

A Critical Moment for the Industry

Garlinghouse’s appearance comes at a pivotal time for the crypto industry, following the U.S. Securities and Exchange Commission (SEC)’s approval of bitcoin and ether ETFs, which many view as a gateway to more diverse crypto investment products.

A wave of new filings has recently emerged, including proposals for XRP ETFs, reflecting heightened interest from institutional investors. The growing momentum is further fueled by President Donald Trump’s increasingly pro-crypto stance, and the appointment of crypto-friendly officials, such as the current SEC chairman.

Ripple’s Legal Resolution Adds Momentum

Adding further optimism to the crypto market, the SEC has moved to dismiss its enforcement case against Ripple over XRP—though the court has yet to approve the settlement agreement. The prolonged legal battle had cast uncertainty over XRP’s regulatory status in the U.S.

The anticipated resolution of this case is seen as a step toward regulatory clarity, as Ripple and its supporters anticipate a more stable and transparent environment for digital assets going forward.

@ Newshounds News™
Source:  Bitcoin.com

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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 5-24-25

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WHY RIPPLE AND XRP COULD BE THE BACKBONE OF THE G20’S FINANCIAL PLAN

▪️Ripple’s XRP and blockchain tech are key to helping the G20 achieve faster, cheaper cross-border payments by 2030.

▪️Adoption of Ripple’s solutions could boost XRP price to $10-$20 in 2025, with potential long-term growth to $1,000.

Ripple’s fast and affordable payment system is gaining traction around the world. A new report highlights that Ripple’s XRP and blockchain payment tech could play a key role in helping the G20 meet its cross-border payment goals by 2030.

A 2025 report from the U.S. Faster Payments Council (FPC) highlights how U.S. payment companies could play a big role in making global payments faster, cheaper, and more reliably.

Global demand is rising for faster, cheaper, and more transparent cross-border payments, and it’s already a $34 trillion market. The G20 is pushing hard to improve this space, seeing it as key to boosting trade, economic growth, and development. They plan to make payments quicker, more affordable, and easier to access.

Goals For 2027 and 2030

They have set clear targets for retail, wholesale, and remittance payments, and aim for major progress by 2027 and 2030. The 2027 and 2030 goals include:

• Cutting the cross-border payment costs to 1% or less

• Ensuring 75% of payments are completed within an hour

Promoting Inter-Industry Collabs

In order to meet the goals, the US Faster Payments Council (FPC) urges domestic providers to:

• Adopt ISO 20022

• Embrace interoperability

• Use blockchain tech like Distributed Ledger Technology (DLT)

It also stressed points like focusing on financial inclusion and promoting inter-industry collaborations. It specifically noted Ripple and Stellar as key players that could improve the global cross-border payment landscape.

Ripple is reshaping global payments with its RippleNet and XRP-powered tech. As it follows global rules (like ISO 20022) and uses smart blockchain tools, it’s a top pick to help the G20 hit its payment goals.

As more firms adopt Ripple’s solutions, XRP could see big gains from the rising demand. With growing adoption, experts predict $XRP will hit $10-$20 easily in 2025. Reaching $100 could happen, but it is more likely in early 2026. And eventually, as the technology and network expand further, $XRP could reach $1,000.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

BRICS VS. US DOLLAR: WHY 2025 IS THE YEAR IT HAPPENS OR IT DOESN’T

Throughout the last several years, the global south has sought ways to de-dollarize the global economy. They have made headway, but the greenback remains the most prominent currency on the planet. This could be why, when it comes to the BRICS bloc taking on the US dollar, 2025 may be the year it either happens or it doesn’t.

For as much as the economic alliance has continued to wage war against the currency, the US dollar’s position has not yet been threatened. Indeed, Brazil even confirmed that its position looks to be secured for much of the next 10 years.

Therefore, if it is unable to make significant gains regarding de-dollarization this year, it may be safe to question if it can ever happen.

BRICS & The US Dollar: Is 2025 The Last Year It Can Truly De-Dollarize The Globe?

The idea of de-dollarization has seemingly been ingrained in the very makeup of the BRICS alliance. The bloc has sought to challenge the global status quo. There may be no bigger aspect of that than the greenback and its position.

Moreover, it is a major reason for tension between the West and the bloc. Specifically, those tensions led US President Donald Trump to threaten 150% tariffs on the group.

The alliance has discussed the creation of its own native trade settlement currency to lessen reliance on the West. It has also promoted the use of national currencies in trade to diversify.

However, the fact of the matter may be that, when it comes to the BRICS bloc and the US dollar, 2025 is the year that they take major strides in de-dollarization, or they may never will.

The BRICS bloc operates on a rotating presidency. This ensures that every country gets a chance to chair the group and lead issues they deem vital. This year lies on Brazil, one of the loudest proponents of lessening US dollar reliance. However, next year India is set to take over the position.

Throughout this year, India has sought to strengthen ties with the United States in a big way. The two nations are expected to announce a new trade deal with depleted tariffs on US imports. Moreover, it has been vehemently against any de-dollarization efforts.

Therefore, it could be a stark end to those efforts. Specifically, if plans to dethrone the dollar don’t make major strides over the next several months, it’s fair to wonder if they ever will.

@ Newshounds News™
Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Saturday Morning 5-24-25

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ELON MUSK’S DOGE PLAN TO SAVE THE U.S. ECONOMY FROM RECESSION AMID BITCOIN TURMOIL

Billionaire founder and U.S government efficiency advisor Elon Musk has proposed a strategic plan to avoid America’s economic fall into recession. With fears of a U.S. recession rising by 43% and government debt ballooning, Musk’s Department of Government Efficiency (DOGE) is choosing to bet on expansion, not reductions.

This approach may sound risky, but here’s the twist — it’s already showing some results.

Let’s find out.

Elon Musk’s Fix: Grow the Economy, Don’t Shrink It

For decades, the go-to solution during economic trouble has been to cut government spending. But now, with the U.S. debt mounting and the U.S. 10-year Treasury yield jumping to 4.5% and recession odds climbing to 43%, Musk argues that this strategy is no longer enough.

Musk says improving productivity and expanding GDP are the only real ways to avoid national bankruptcy. He admits that government waste is a serious problem, but believes that strong reforms can still make a difference.

And he’s not alone. Treasury Secretary Scott Bessent, once a firm supporter of spending cuts, now says the U.S. must “grow its way out” of the debt crisis.

According to him, if the economy grows faster than the debt, it becomes possible to manage both. This change in thinking marks a huge turning point for U.S. economic policy.

DOGE’s Progress So Far

While Musk in the 2024 U.S. election campaign promised DOGE would save $2 trillion from government spending — which is one-third of the entire federal budget — as of May, it has already saved $170 billion, which is:

• 17% of its $1 trillion goal, and

• 8.5% of the “dream target.”

Bitcoin Drops After Trade War Warning

After Donald Trump warned about new trade tariffs on Europe, Bitcoin and other cryptocurrencies quickly dropped. Eventually, Bitcoin has become very sensitive to what’s happening in politics. As these tensions rise, crypto prices are moving fast.

Just recently, Bitcoin hit a record high above $112,000. But after the news, it dropped 2.7% and is now trading around $107,937.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

BRICS: US DOLLAR IS REPLACEABLE? SINGAPORE’S CENTRAL BANK HEAD REVEALS

The BRICS alliance is looking to replace the US dollar on the global stage with local currencies. The bloc wants their respective national currencies to thrive and make the greenback sit in the rear seat of the economy. The de-dollarization agenda is gaining steam worldwide as emerging economies are prioritizing local currencies to push their GDP.

The greenback is at risk of losing its global dominance as many countries are considering ending reliance on the currency. However, Singapore’s Central Bank head Chia Der Juin touched on the BRICS subject of de-dollarization and explained whether the US dollar can be replaced in the financial sector.

BRICS: Singapore Central Bank Head Reveals If the US Dollar Can Be Replaced

The Singapore Central Bank’s head revealed that the US dollar is irreplaceable and no BRICS currency can take its place. He said that the US dollar-based assets have “enduring advantages” and remain virtually irreplaceable in the global markets.

“The $28-trillion Treasury market is fundamental and systemic to the global financial system and there is no alternative for this point,” he said.

BRICS might find it hard to replace the US dollar as its foundation is strong, according to Singapore’s Central Bank head. He even touched on the topic of institutional Asian funds buying US-based assets for better profits.

“There is generally an overweight exposure to US assets from Asian investors. In fact, most of it is unhedged. So some changes in that sentiment and the read of the direction of the market can cause an outsized reaction,” Chia said.

In conclusion, Singapore’s Central Bank head is relatively optimistic about the US dollar-based assets than the BRICS currencies. No national currency is fit enough to withstand the whiplash of the financial markets. Only the greenback is a seasonal contender and can push its weight across even during troubled waters.

@ Newshounds News™
Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Friday Afternoon 5-23-25

Good Afternoon Dinar Recaps,

Crypto perp futures coming ‘very soon,’ says CFTC’s Mersinger

CFTC Commissioner Hints at Major Breakthrough for U.S. Crypto Derivatives Market

Summer Mersinger, outgoing Commissioner of the Commodities and Futures Trading Commission (CFTC), has confirmed that crypto perpetual futures contracts may soon be live and regulated in the United States.

“We’re seeing some applications, and I believe we’ll see some of those products trading live very soon,” Mersinger said in a May 22 interview with Bloomberg TV.

What Are Perpetual Futures?

• Crypto perpetual futures are derivatives that allow traders to speculate on asset prices without owning the actual cryptocurrencies.

• Unlike traditional futures, perpetuals have no expiration date and are typically traded with high leverage.

• Currently, they are banned in the U.S. and are mostly traded on offshore platforms like:

• Binance (~$95B/day in trading volume)

• OKX

• Bybit

Bringing Trading Back Onshore

Mersinger emphasized that enabling these products in the U.S. would:

• Benefit the crypto industry broadly

• Promote market transparency

• Make the U.S. a hub for regulated crypto derivatives

“It would be great to get that trading back onshore in the United States,” she added.

Mersinger’s Next Move: Blockchain Association

• Mersinger will step down from the CFTC at the end of May.

• She will become CEO of the Blockchain Association on June 2, replacing Kristin Smith.

• The association has over 100 member organizations representing the broader crypto economy.

“We have a strong incoming chairman at the CFTC who will be a real advocate for the industry,” she noted.

GENIUS Act Vote Signals Momentum

• Mersinger also referenced the procedural advancement of the GENIUS stablecoin bill, calling it a sign that:

“This asset class is clearly here to stay.”

• She believes this momentum will help establish the U.S. as a global economic leader in digital assets.

🧠 Takeaway: With perpetual futures likely heading stateside and Mersinger stepping into a prominent advocacy role, the U.S. crypto derivatives landscape may be poised for a major regulatory evolution.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

BRICS: DEMAND FOR US DOLLAR GROWS IN OIL PAYMENTS, LOCAL CURRENCY DIPS

BRICS De-Dollarization Strategy Backfires in Nigeria

The BRICS alliance's push to replace the US dollar with local currencies in oil transactions has hit a major setback.

In October, Nigeria adopted the BRICS-inspired policy, announcing that oil refiners must accept the Nigerian naira instead of USD to boost the national currency.

• Oil companies complied initially.

• But the naira quickly depreciated, inflicting heavy losses on refiners.

• Dissatisfaction spread as unions and industry lobbies pressured the government to reverse course.

Nigeria is now paying a steep price for ditching the US dollar in favor of the naira for oil payments.

Refiners Push to Return to the Dollar

Despite BRICS’ call to de-dollarize oil settlements, market forces tell a different story:

• The US dollar is regaining demand in Nigeria’s oil sector.

• Refiners are actively seeking to return to USD payments to preserve profit margins.

“The naira’s depreciation was driven by demand-side concerns, with individuals and businesses rushing to buy dollars,” reported NairaMetrics.

Implications for BRICS and Global Oil Markets

• The US dollar remains entrenched in the oil and gas industry.

• Attempts to eliminate it without proper coordination can destabilize local economies.

• The BRICS agenda of local currency usage could face similar backlash in other member or allied nations.

“The greenback is a strong force in the energy sector and upending it will only end up hurting your arm.”

🧠 Takeaway: Nigeria’s failed attempt at local currency oil payments highlights the dominance of the USD in global energy markets. The BRICS de-dollarization dream may be hitting the harsh reality of economic fundamentals and market resistance.

@ Newshounds News™
Source:  Watcher Guru

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Raise Cash Now, Market is Repeating 2001, Gold, and Credit Flashing Alarms

Raise Cash Now, Market is Repeating 2001, Gold, and Credit Flashing Alarms 

Kitco News:   5-23-2025

While markets continue to rally, veteran trader and founder of The Bear Traps Report, Larry McDonald, is urging investors to raise cash, issuing a “HIGH” cash alert fueled by concerns of an impending recession.

In a recent interview with Kitco News, McDonald, a former Lehman Brothers trader and New York Times bestselling author, drew parallels between the current market surge and the short-covering blowoffs of 2000-2001, signaling a potential downturn on the horizon.

McDonald paints a grim picture of the U.S. economy, suggesting it’s heading towards a rare “two-terms, two-recessions” scenario. He points to mounting credit stress, tightening tariffs, and alarmingly high consumer delinquencies as key indicators. He believes these factors, coupled with the potential for a policy-induced recession, are cause for significant concern.

His warnings extend beyond just the U.S. economy, highlighting potential cracks in the $1.8 trillion private credit market and anxieties surrounding the debt ceiling, Treasury auctions, and impending Fed policy inflection points.

These interwoven stresses, according to McDonald, paint a concerning picture of the global financial system.

McDonald highlighted Warren Buffett’s massive $348 billion cash pile as a potential signal of deeper cracks within the market. He suggests that Buffett’s conservative approach may indicate a lack of attractive investment opportunities amidst growing uncertainty.

He also keeps a watchful eye on AI infrastructure names, viewing them as a tactical opportunity for the next market pullback.

The interview touches upon the performance of various assets during a credit shock. While acknowledging the potential for all three to hold value to some extent, McDonald emphasized the importance of understanding their specific characteristics and risk profiles.

McDonald believes the market is currently overexposed to the U.S. dollar and advocates for a global rotation into hard assets and emerging markets to mitigate risk and potentially capitalize on future growth opportunities.

Despite the bleak overall outlook, McDonald sees potential for growth in specific sectors and regions. He believes that uranium and Brazil are poised to lead the next bull cycle, driven by growing demand for nuclear energy and the potential for economic growth in the South American nation.

In conclusion, Larry McDonald’s “HIGH” cash alert serves as a stark reminder of the potential challenges facing the market.

While he doesn’t advocate for complete withdrawal, his insights offer valuable guidance for investors seeking to navigate the complexities of the current economic landscape by raising cash, diversifying their portfolios, and strategically positioning themselves for potential opportunities.

https://youtu.be/ccSqcx0-PdI

Seeds of Wisdom RV and Economic Updates Friday Morning 5-23-25

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XRP LEDGER SHARPENS COMPETITIVE EDGE WITH FRESH STABLECOIN ADDITIONS OF EURØP, USDB, AND XSGD

The XRP Ledger (XRPL) just made a major leap forward in the global stablecoin race, with three new fiat-backed stablecoins—EURØP, USDB, and XSGD—joining its ecosystem this week.

This marks a significant expansion of XRPL’s role as a preferred blockchain for cross-border financial transactions and fintech innovation, thanks to its low fees, fast finality, regulatory readiness, and native real-world asset support.

1. EURØP: MiCA-Compliant Euro Stablecoin

On May 22, EURØP, issued by Schuman Financial, became the first MiCA-regulated euro stablecoin on XRPL.

• Fully backed by reserves held at top-tier European banks.

• Audited by KPMG.

• Issuer licensed by France’s ACPR (Banque de France).

“This will give Europe and euro-denominated financial markets an integral infrastructure for the next wave of financial innovation, which is happening on-chain,” said Martin Bruncko, CEO of Schuman Financial.

2. USDB: New USD Option for Brazil

Also on May 22, Brazilian fintech Braza Group launched USDB, a USD-backed stablecoin on XRPL, adding to its earlier BBRL token.

• Braza CEO Marcelo Sacomori sees USDB as a hedge for Brazilians against local currency volatility.

• Projected to reach 30% market share of Brazil’s USD-pegged stablecoin segment by end of 2026.

“New pathways for global currency settlement” will drive the token’s adoption, said Sacomori.

3. XSGD: Singapore’s Stablecoin Comes to XRPL

XSGD, backed 1:1 with reserves at DBS Bank and Standard Chartered, officially launched on May 19.

Issued by StraitsX, a key digital payments provider in Southeast Asia, XSGD is aimed at:

• Financial institutions,

• Startups, and

• Developers seeking fast, low-cost, compliant-ready digital transactions.

“Regulated stablecoins like XSGD will serve as the foundation for borderless, real-time financial services,” said Liu Tianwei, Co-Founder and Deputy CEO of StraitsX.

📈 A Growing Stablecoin Hub

The XRP Ledger is rapidly positioning itself as a stablecoin hub, now offering options for euro (EURØP), U.S. dollar (USDB), and Singapore dollar (XSGD) transactions—each backed by fully regulated, real-world banking infrastructure.

@ Newshounds News™
Source:  CryptoSlate

~~~~~~~~~

BRICS NEWS: MAJOR UPDATE ON TEN-YEAR DE-DOLLARIZATION PLAN

Amid rising global tensions and economic uncertainty, the BRICS alliance has issued a surprising update on its decade-long de-dollarization strategy, signaling a potential shift in tone and expectation for the US dollar's global role.

Background: BRICS vs. the Dollar

• The BRICS bloc (Brazil, Russia, India, China, South Africa) has spent the last few years pushing to reduce global reliance on the US dollar, aiming to launch its own trade currency.

• This effort has faced intensifying pressure in 2025 as US President Donald Trump, now in his second term, responded with 150% tariffs on BRICS nations, citing their anti-dollar efforts.

New Outlook: Dollar May Stay on Top

Despite the hostile rhetoric and early-year momentum toward dollar alternatives, Brazil, which holds the 2025 BRICS chairmanship, has made a startling admission:

“There is no realistic prospect of any currency overtaking the US dollar’s dominance over the next decade,” said Nilton David, Brazil’s Monetary Policy Director.

• This represents a major pivot from Brazil’s previous stance as a vocal proponent of full-scale de-dollarization.

• David acknowledged only a small chance of meaningful change in USD dominance by 2035.

Key Takeaways

• BRICS is not abandoning the de-dollarization agenda, but it's tempering expectations.

• The US dollar is still under threat from global dissatisfaction, but full replacement appears unlikely in the near future.

• This could signal a strategic shift: instead of dethroning the dollar, BRICS may now focus on creating a competitive alternative for trade and finance.

The Road Ahead

The "America First" and protectionist policies of the Trump administration have contributed to falling confidence in the greenback, yet they have not yet accelerated BRICS’ efforts to build an immediate replacement.

💬 The question now: Will BRICS build a viable alternative to compete, even if not to replace the US dollar?

@ Newshounds News™
Source:  Watcher Guru

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Seeds of Wisdom RV and Economic Updates Thursday Evening 5-22-25

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XRP LEDGER BREAKS GROUND WITH ITS FIRST MICA-REGULATED EURO STABLECOIN

Schuman Financial’s EURØP has officially become the first euro-denominated stablecoin to satisfy the European Union’s Markets in Crypto-Assets (MiCA) regime—while launching natively on the XRP Ledger (XRPL).

Launched from Paris on 22 May, this historic development ties MiCA-grade legal certainty to a blockchain that has already processed over 3.3 billion transactions in its 12-year existence.

“EURØP on the XRPL combines the resilience of a global blockchain with euro-native liquidity and compliance at its core,” said Martin Bruncko, founder and CEO of Schuman Financial. “This will give Europe and euro-denominated financial markets an integral infrastructure for the next wave of financial innovation, which is happening on-chain.”

XRP Ledger And Why MiCA Status Matters

MiCA’s stablecoin provisions, which govern e-money tokens (EMTs) like EURØP, came into effect on 30 June 2024. These rules demand:

• Full 1:1 fiat backing

• Daily redeemability

• Bankruptcy-remote reserves

• Authorization by an EU regulator

Schuman Financial is licensed by the French ACPR as an EMT issuer. Its reserves are audited by KPMG and held at Société Générale and other top-tier banks.

While only a few issuers—Circle’s USDC and EURC, Société Générale’s EURCV, and about a dozen niche firms—have cleared MiCA’s high bar, EURØP is the first to do so on the XRP Ledger.

Historically, XRPL’s native DEX, rapid finality, and low fees made it a stronghold for IOU-based fiat tokens. However, EURØP now brings a fully MiCA-compliant euro stablecoin to that ecosystem for the first time.

The Strategic Importance of EURØP

Euro stablecoins currently make up just 0.15% of the $232 billion global stablecoin market—about $338 million as of April 2025. Still, they are now a strategic priority for European banks and fintechs, thanks to MiCA’s passportable legal framework.

For payment firms and corporate treasurers, EURØP delivers:

• Programmable settlement

• Transfers in 3–5 seconds

• Transaction costs of a fraction of a cent

• Full EU regulatory compliance

According to Schuman Financial, EURØP will support:

• DeFi lending pools

• Automated foreign-exchange corridors

• On-chain euro legs for tokenized real-world assets (RWAs)

These use cases align with MiCA’s framework—especially when firms file for a “significant” EMT designation with the European Banking Authority.

“The launch of EURØP on the XRP Ledger demonstrates how stablecoins can meet the high standards set by MiCA while unlocking new possibilities for on-chain payments and RWA tokenization,” said Cassie Craddock, Ripple’s Managing Director for UK & Europe.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

SENATORS PLAN TO AMEND GENIUS ACT TO ADDRESS TRUMP FAMILY'S STABLECOIN

Senate Democrats, led by Chuck Schumer, Elizabeth Warren, and Jeff Merkley, are preparing to introduce an amendment to the GENIUS Act aimed at blocking U.S. presidents from profiting from stablecoins, in direct response to the Trump family’s involvement in crypto.

On May 20, the Senate voted to advance the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act)—after failing a procedural vote on May 8. The new amendment is designed to add anti-corruption guardrails, especially in light of Trump’s ties to the stablecoin USD1 and the crypto platform World Liberty Financial (WLFI).

“Passing the GENIUS Act without our anti-corruption amendment stamps a Congressional seal of approval on Trump selling access and influence to the highest bidder,” said Senator Jeff Merkley on X (May 22).

Trump Family Crypto Ties Under Fire

Trump and his three sons are linked to World Liberty Financial, which launched the USD1 stablecoin in March. Critics argue that Trump stands to personally benefit from legislation recognizing such stablecoins as official financial instruments.

A $2-billion investment in Binance, funded by an Abu Dhabi-based firm using USD1, could potentially generate profits for the Trump family via transaction fees.

While WLFI co-founder Zach Witkoff dismissed the allegations as “flawed,” Democratic lawmakers have called for investigations into these potential conflicts of interest.

More Than Just Stablecoins: The Memecoin Dinner Backlash

Democrats also took aim at a separate controversy: a private dinner hosted by Trump at his golf club on May 22 for up to 220 top holders of his personal memecoin.

• Senators Merkley and Warren, alongside Senator Chris Murphy and Public Citizen, held a press conference and are demanding Trump release the dinner guest list.

• Progressive advocacy group Our Revolution joined Public Citizen in protesting the event.

 “What is happening tonight — this private, secret dinner — in which individuals who have put money in Donald Trump’s pocket, get access to him, is maybe the most corrupt of all the corruption,” said Senator Chris Murphy.

Murphy further alleged the attendees could be buying access to influence national security policy—especially as many of them remain anonymous and some are reportedly foreign nationals.

📝 The proposed amendment to the GENIUS Act represents a major push to regulate not only stablecoins but also potential political conflicts arising from crypto adoption at the highest levels of U.S. government.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

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Gold and the Great American Monetary Resets: From 1792 to Today

Gold and the Great American Monetary Resets: From 1792 to Today

by Nick Giambruno

Gold has been at the heart of the US monetary system since the nation’s founding, evolving from a direct anchor for the dollar to a strategic reserve asset.

Though it no longer backs the dollar, gold remains a cornerstone of central bank reserves, a discreet but powerful force in global finance.

Throughout American history, monetary resets have been a recurring theme—and more often than not, they have revolved around gold because gold is money.

Understanding this history isn’t just about the past—it’s about the future. And if history is any guide, another reset may be coming sooner than most expect.

1775: Continentals and the American Revolution

Before the Revolution, gold and silver coins were the backbone of trade in the American colonies.

When war broke out, the Continental Congress lacked the authority to levy taxes, forcing them to seek an alternative way to finance the war.

In 1775, Congress began issuing “Continental Currency”—the first fiat paper money in US history. These notes, known as “Continentals,” were supposed to be redeemable in gold and silver after the war, but that promise lacked credibility.

Continentals quickly became worthless amid hyperinflation. The phrase “Not worth a Continental” became synonymous with worthlessness.

By 1781, Continentals had lost over 99% of their value, and the US government effectively abandoned them, leaving holders with massive losses.

This disaster deepened distrust in fiat money and cemented the belief among the Founders that gold and silver must be the foundation of any stable monetary system.

1792: The Coinage Act and the Birth of the US Monetary System

After the disastrous failure of Continental Currency, the Coinage Act of 1792 created the first official US monetary system, ensuring stability by tying the dollar to both gold and silver.

Gold was set at $19.39 per ounce, while silver was also legal tender.

The Founders aimed to prevent another Continental-style collapse by anchoring the currency to hard money.

The First Bank of the United States (1791–1811)

The First Bank of the United States, the nation’s first central bank, was established under the leadership of Alexander Hamilton to stabilize the economy, issue a national currency backed by gold and silver, and manage federal deposits.

However, it quickly became a political flashpoint, facing fierce opposition from Thomas Jefferson and states’ rights advocates, who feared it concentrated too much financial power in the hands of the federal government.

When the bank’s 20-year charter expired in 1811, Congress refused to renew it.

The Second Bank of the United States (1816–1836)

In the wake of the financial chaos following the War of 1812, the US established another central bank, the Second Bank of the United States, in 1816.

Like its predecessor, it was designed to regulate credit, stabilize the currency, and hold federal deposits.

However, it quickly became a political lightning rod, particularly under President Andrew Jackson, who saw it as a corrupt institution that served elite interests at the expense of ordinary Americans.

Jackson vetoed its recharter in 1832, waged a successful campaign against it, and ultimately dismantled the bank in 1836.

Read entire article here:  https://internationalman.com/articles/gold-and-the-great-american-monetary-resets-from-1792-to-today/