Seeds of Wisdom RV and Economic Updates Thursday Morning 6-12-25

Good Morning Dinar Recaps,

GENIUS Stablecoin Bill Passes Key Vote, Advances in US Senate

Weeks after a stablecoin bill stalled over Trump-linked concerns, the Senate has advanced the GENIUS Act — a major step in shaping digital asset regulation in the United States.

In a 68-30 vote, the U.S. Senate voted to advance the Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS Act, more than a month after its introduction.

Speaking from the Senate floor on Wednesday, Majority Leader John Thune urged lawmakers to back the bill, echoing many of former President Donald Trump’s talking points on digital assets — including claims that the legislation would help position the U.S. as the “crypto capital of the world.”

“We want to bring cryptocurrency into the mainstream, and the GENIUS Act will help us do that,” said Thune.

A majority of senators — including several Democrats — voted to invoke cloture, setting up the bill for debate and a full floor vote, before potentially sending it to the House of Representatives for further consideration.

Thune acknowledged that there is still “more work to be done” in Congress regarding digital assets, referencing a separate market structure bill in the House: the CLARITY Act, which was recently advanced by two committees and may face a floor vote soon.

Pushback From Democrats

Massachusetts Senator Elizabeth Warren voiced sharp criticism, calling the bill “riddled with loopholes” and warning it lacked adequate safeguards for consumers, national security, and financial stability.

“Through his crypto business, Trump has created an efficient means to trade presidential favors like tariff exemptions, pardons, and government appointments for hundreds of millions, perhaps billions of dollars,” Warren said.
“By passing the GENIUS Act, the Senate is not only about to bless this corruption, but to actively facilitate its expansion.”

Warren also condemned the Senate for not addressing bipartisan amendments and cited ongoing concerns about Trump’s family-linked crypto platform, World Liberty Financial, which rewards memecoin holders with perks such as dinner and access to the president.

Path to Becoming Law

Though many Democrats supported the cloture motion, some are still pressing Republicans for further amendments. It remains uncertain whether the bill will clear the Senate, where Republicans hold only a slim majority.

Following the initial cloture failure in May, David Sacks, Trump’s so-called “AI and crypto czar,” stated that the White House expected bipartisan Senate approval. Meanwhile, the House companion bill — the STABLE Act — was still under consideration by the Financial Services Committee as of May.

@ Newshounds News™
Source:  Cointelegraph

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BRICS: The Global Bombshell That Shifts Power Away From the West

The BRICS power shift has catalyzed a critical turning point, as the expanded alliance now includes Saudi Arabia, Iran, UAE, Egypt, and Ethiopia as full members. The bloc has revolutionized global energy control, now commanding over 40% of global oil production, and has surpassed the G7 in purchasing power parity GDP.

Major economic indicators from 2025 reveal that BRICS countries settled over $400 billion in trade without US dollars last year alone, accelerating the move away from traditional currency systems. This shift has helped pioneer an alternative global economic system that strategically bypasses Western financial infrastructure.

How BRICS Power, Oil, and Currency Are Reshaping the Global Map

Energy Dominance Shifts Global Control

BRICS now oversees more than 40% of global oil production, thanks to the inclusion of Saudi Arabia and Iran, whose massive reserves have been pulled under the bloc’s umbrella. Russia contributes significantly to natural gas supply, bolstering BRICS' energy dominance. This alliance was no accident—it was strategically architected through several development phases.

In 2024, Russia began settling LNG trades with India in rupees, and Iran optimized an expansive barter system with China. Meanwhile, Qatar has expressed interest in a “BRICS energy coordination mechanism” that could further transform the global energy landscape.

“Trump’s erratic trade policy decisions and the dollar’s sharp depreciation are probably encouraging a more rapid shift towards other currencies.” — Francesco Pesole, ING

Currency Revolution Accelerates Global Changes

The de-dollarization trend has led BRICS to construct a sweeping network of alternative financial pathways. China and Brazil are now settling bilateral trade in yuan, while India and Russia use a rupee-ruble payment mechanism. Saudi Arabia’s decision to accept yuan for oil sales to China marks one of the most historic developments in global finance.

BRICS has also spearheaded the creation of alternative payment systems that bypass SWIFT. As a result, the U.S. dollar’s share in global reserves dropped to 57.8% in 2024—a substantial decline with far-reaching consequences.

“Countries are looking at the fact that the dollar has been, and can be used as a sort of weapon on trade, direct sanctions, etc… That’s been the real change, I think, in the last several months.” — Mitul Kotecha, Barclays

Economic Realignment Outpaces Western Response

The shift in global economic power between BRICS and the G7 has accelerated faster than most analysts predicted. Bank of America research shows that institutional capital is actively moving away from dollar dependency, and more than 40 countries have submitted membership applications to BRICS.

This expansion is not just economic—it is about sovereignty. BRICS members can now trade freely across major jurisdictions without external approvals. Countries like Nigeria, Thailand, Pakistan, and Venezuela are actively seeking to join the bloc, creating a global network spanning four continents.

“De-dollarization in ASEAN is likely to pick up pace, primarily via conversion of FX deposits accumulated since 2022.”
— Abhay Gupta, Bank of America

“There’s notable FX hedging activity; Japanese life insurers raised their hedge ratio from 44% to 48% in recent months.”
— Craig Chan, Nomura Securities

What began as a five-nation group has evolved into an economic superpower that dominates essential energy supplies and facilitates hundreds of billions in non-dollar trade. Though the U.S. dollar still holds a dominant share of global reserves, its role as the default trade currency is quickly eroding.

The BRICS power shift represents a systematic circumvention of Western financial dominance—not through confrontation, but through construction of an entirely new infrastructure.  

@ Newshounds News™
Source:  Watcher.Guru

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Fed's 'Shady' Gold Secrets Spark Audit Bill; A 'Reckoning is Near'

Fed's 'Shady' Gold Secrets Spark Audit Bill; A 'Reckoning is Near'

Daniela Cambone:  6-11-2025

“The gold might be there—but who owns it? That’s the real question,” asks Jp Cortez of the Sound Money Defense League.

In today’s interview with Daniela Cambone, Cortez calls for a comprehensive audit of U.S. gold holdings, highlighting the recent reintroduction of the Gold Reserve Transparency Act of 2025 by Rep. Thomas Massie.

“An ounce of gold can change hands a thousand times without moving a single inch,” Cortez explains.

 With Florida recently eliminating its sales tax on gold and silver, and more than 40 other U.S. states partially or fully exempting sales tax on these metals, Cortez views this growing trend of tax exemption as a reaffirmation of “the constitutional role of gold and silver as real, tangible money in our modern economy.”

Chapters:

00:00 Why the gold reserve transparency act matters?

 5:54 Jp’s take on whether the gold is really there.

7:07 Why gold isn’t liquid?

8:45 How the bill could restore confidence?

 9:48 Challenges the bill might face.

11:41 What’s next for Florida?

15:40 Fed: Rising interest in sound money may challenge policy.

https://www.youtube.com/watch?v=7ETOO-nh-H4

Seeds of Wisdom RV and Economic Updates Wednesday Morning 6-11-25

Good Morning Dinar Recaps,

CRYPTO INDUSTRY LEADERS RAISE CONCERNS OVER CLARITY ACT’S ‘GENSLER-ERA’ AMENDMENT AHEAD OF MARKUP

Crypto industry players are raising red flags over a new section added to the Digital Asset Market Clarity (CLARITY) Act of 2025 ahead of today’s markup session, warning that it closely resembles the aggressive regulatory posture of the prior administration.

Crypto Industry Players Raise the Alarm

On Tuesday, crypto stakeholders voiced their concerns over the newly amended text of the CLARITY Act. According to journalist Eleanor Terret, industry leaders have described the added provision as a “Gensler-era” measure, reviving fears about unclear and burdensome oversight.

The legislation, introduced on May 29 by Chairman of the House Financial Services Committee French Hill, is intended to build a comprehensive regulatory framework for digital assets in the U.S., promising the clarity and protection long sought by the crypto industry.

The bipartisan bill aims to:

• Protect consumers by requiring developers and customer-facing companies to provide essential disclosures.

• Safeguard client assets by mandating separation of customer and corporate funds.

• Support innovation, offering developers a regulated path to raise capital under government oversight.

“Our bill brings long-overdue clarity to the digital asset ecosystem, prioritizes consumer protection and American innovation, and builds off our work in the 118th Congress,” Hill said in a statement last month.

However, Terret reported that the new amendment would “eliminate exemptions for previously issued tokens,” thereby giving the Securities and Exchange Commission (SEC) broad discretionary power to determine on a case-by-case basis whether each token constitutes a security.

Critics argue this move undermines the entire purpose of the bill, warning it may reintroduce regulatory uncertainty that the bill was initially designed to resolve. Some investors fear the amendment could enable a system of “winners and losers” determined by the SEC’s discretion.

Political Opposition Grows

The legislation has also drawn sharp criticism from Democrats. Some argue that it could create opportunities for former President Donald Trump to benefit financially through crypto-related ventures.

Rep. Maxine Waters (D-Calif.) was especially vocal, stating:

“This rushed, overly complicated bill will increase investor harm, which already runs rampant in today’s crypto market.”

She continued:

“Some of the riskiest activities are broadly exempted from the bill, leaving our constituents with no one to turn to when their money vanishes. The bill puts our national security at risk and contains no penalties for crypto criminals.”

Momentum Builds with the BRCA Inclusion

Despite the controversy, the bill gained momentum with the inclusion of the Blockchain Regulatory Certainty Act (BRCA), which provides legal protections for non-custodial software developers and infrastructure providers.

As reported by Bitcoinist, eight major crypto policy groups signed a joint statement urging Congress to add the BRCA to the CLARITY Act. The BRCA was reintroduced on May 21, 2025, by Rep. Tom Emmer (R-MN) and Rep. Ritchie Torres (D-NY).

On June 8, the revised version of the CLARITY Act incorporated the BRCA, clarifying that non-custodial, peer-to-peer developers should not be regulated as money transmitters. In a joint statement, the crypto policy groups said:

“This is a meaningful step toward protecting developers of non-custodial, peer-to-peer technologies while maintaining strong oversight of custodial financial institutions.”

They added that the updated bill reflects a balanced regulatory approach, building on FinCEN’s 2019 guidance.

Industry Support Persists Despite Concerns

Even with the inclusion of the controversial amendment, major crypto firms such as Coinbase remain supportive. The company issued a statement asserting:

“Bipartisan momentum is building. Lawmakers from both sides agree: it’s time to protect consumers and unlock American innovation with clear crypto legislation. As Congress prepares for a key vote to advance the CLARITY Act, the message is clear: vote YES.”

Next Steps for the CLARITY Act

As of the time of writing, the CLARITY Act passed the House Committee on Agriculture markup with a decisive 47–6 vote, following nearly three hours of debate. The bill will now move to the House Financial Services Committee for further review, as reported by Terret.

@ Newshounds News™
Source: Bitcoinist

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XRP LEDGER DEVS PLAN SIDECHAIN LAUNCH IN Q2 FOR ETHEREUM COMPATIBILITY

▪️ XRP Ledger plans to launch an EVM sidechain in Q2 2025 to gain Ethereum compatibility.
▪️ Ripple CTO David Schwartz announced the timeline at the Apex 2025 event in Singapore.

The XRP Ledger (XRPL) — a blockchain closely associated with cross-border payments company Ripple — is preparing to launch an Ethereum Virtual Machine (EVM) sidechain in the second quarter of 2025, in a significant move to bridge Ethereum smart contracts into its ecosystem.

This EVM-compatible sidechain aims to enable Ethereum-based smart contract functionality while preserving XRPL’s signature low-cost and high-speed transaction model.

Ripple’s Chief Technology Officer David Schwartz formally announced the upcoming launch during the ongoing Apex 2025 event in Singapore, according to Peersyst, one of the project’s principal development partners.

What the Sidechain Will Do

The EVM sidechain is a parallel blockchain that will run alongside the XRP Ledger. It is being developed by contributors Ripple and Peersyst, and is built using the evmOS software stack.

▪️ The sidechain is already live on testnet, serving as a trial environment to ensure functionality and performance.
▪️ A mainnet launch is expected to follow in Q2 2025 after further testing and the onboarding of validator partners.

Why Ethereum Compatibility Matters

While XRPL has its own support for native smart contracts, it does not currently support the Ethereum Virtual Machine (EVM) — the dominant development environment for decentralized applications (dApps) on Ethereum.

This limitation has meant that Ethereum developers could not easily port their applications to the XRP Ledger. The EVM sidechain solves that by bringing Ethereum-style programmability directly to the XRPL ecosystem.

Other projects like Flare Network also provide EVM-compatible smart contract capabilities that integrate with XRPL, but this new native sidechain represents a first-party, in-house solution from Ripple contributors.

Bridge Connectivity: Powered by Axelar

The EVM sidechain will connect to the XRP Ledger mainnet through a bridge mechanism. Specifically, Axelar has been selected as the exclusive bridge provider for the sidechain.

This bridge will enable transfer of assets, such as wrapped XRP, which will act as the native gas token on the sidechain.

This initiative represents a strategic leap toward greater interoperability between XRPL and the wider Ethereum ecosystem, expanding XRPL’s reach and relevance in the world of decentralized finance (DeFi) and smart contract-based applications.

@ Newshounds News™
Source:  Source: The Block

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🇷🇺 BRICS: Oil Giant Eyes Chinese Yuan Bonds, Ignores US Dollar Assets
Kazakhstan’s KazMunayGas makes landmark shift toward de-dollarization

In a major financial pivot, Kazakhstan’s state oil and gas giant KazMunayGas is preparing to ditch US dollar bonds in favor of Chinese yuan-denominated debt, including dim sum and panda bonds.

Why the shift?
Yuan-based bonds offer cheaper debt options compared to US Treasuries — aligning with BRICS’ push to reduce USD dependence.

 “We looked at all options… Currently, there is a possibility to sell dim sum and panda bonds,” said CEO Askhat Khassenov to Bloomberg. “They offer rather good conditions.”

The move follows growing BRICS influence encouraging global firms to explore non-dollar financial instruments.

• Dim sum bonds = yuan bonds traded offshore

• Panda bonds = yuan bonds issued by foreign entities inside China

This marks the first time KazMunayGas sidelines US dollar assets — and may signal a larger trend among other BRICS-aligned oil firms.

@ Newshounds News™
Source:  Watcher Guru

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Economist’s “News and Views” 6-10-2025

S&P To Hit 6,250 Then 30% Drop: 'Market Running Out Of Energy' Says Gareth Soloway

David Lin:  6-10-2025

Gareth Soloway, Chief Market Strategist at Verified Investing, examines whether the S&P 500’s sharp rebound marks a true bull market or a fleeting bounce while dissecting Fed policy shifts, tariff impacts, Bitcoin’s resistance ceiling, precious‑metal breakouts, and looming bond‑market risks.

0:00 - Intro

0:30 - China trade talks

2:32 - Labor market cracks

3:44 - Fed rate cuts?

4:51 - Bullish sentiment

8:30 - Breakout levels

13:21 - Why do we need a pullback?

15:36 - Triggers for move down

18:15 - Bitcoin

24:45 – Gold

 27:01 - Silver and other metals

30:18 - 10-year bond yield

31:34 - Favorite asset class

https://www.youtube.com/watch?v=G3-2z1wnOqw

BREAKING: China To Imminently Announce a Gold To Yuan Fixed Exchange Rate! - Alasdair Macleod

Financial Wisdom:  6-10-2025

0:00 - China aims to control global gold pricing from Shanghai

0:36 - How SGE vaults enable gold-yuan trade bypassing the dollar

 1:50 - China's strategic need to decouple from the US dollar

3:20 - Why China's survival may depend on linking yuan to gold

 4:34 - China's recognition of gold-backed economic stability

6:02 - Lessons from the UK gold standard and China's future plans

 7:14 - China's accumulation of gold reserves since the 1980s

8:55 - Shift of global gold from West to East

10:00 - China’s regional trade strategy post-Trump tariffs

11:08 - International expansion of the Shanghai Gold Exchange

 11:45 - Opening Shanghai Futures Exchange to foreign banks

12:10 - China’s push to move gold price control to Shanghai

https://www.youtube.com/watch?v=PiaXX2h3elE

Gold to $6,000 and Why the US Dollar is Losing Its Power, Part 2

Wealthion:   6-9-2025

Renowned economist David Rosenberg, known for his sharp insights and contrarian calls, recently returned to Wealthion with a powerful message for investors: prepare for a significant shift in the financial landscape.

 In Part II of his interview, Rosenberg laid out his compelling case for a gold surge to $6,000, a weakening U.S. dollar, and the compelling opportunity presented by Treasury bonds.

Rosenberg, now with Rosenberg Research & Associates, pulls no punches in his assessment of the current environment. He argues that the U.S. financial system is increasingly fragile, burdened by unsustainable debt and deficits, ultimately leading to a devaluation of the dollar and a scramble for safe havens.

Rosenberg’s boldest prediction is undoubtedly his forecast for gold. He believes the precious metal is poised for a significant rally, projecting a target of $6,000 this cycle.

This conviction stems from the growing global uncertainty, the rising cost of living, and the central banks’ accelerating accumulation of gold reserves. As global trust in fiat currencies wanes, gold is expected to become an increasingly attractive alternative.

Contrary to the prevailing narrative, Rosenberg believes Treasury bonds are currently mispriced, offering investors asymmetric upside.

 In a world grappling with economic slowdown and potential recession, he argues that the safety and liquidity of Treasuries make them a crucial asset for portfolio protection. He contrasts this with the prevailing mantra of the past decade, “There Is No Alternative” (TINA), where investors were forced into riskier assets like stocks in search of yield.

Rosenberg declares TINA dead, arguing that Treasuries now offer a compelling alternative for risk-averse investors seeking stability and potential appreciation.

The erosion of the U.S. dollar’s dominance is another key theme of Rosenberg’s analysis. He warns that America’s reserve currency status may be under threat as central banks worldwide are increasingly diversifying their holdings and accumulating gold. This trend, fuelled by concerns about U.S. debt and deficits, could further weaken the dollar and exacerbate inflationary pressures.

Adding further weight to Rosenberg’s thesis, Jonathan Wellum, CEO of Rocklinc, provides a special addendum reinforcing the importance of preparing for a world where the U.S. can no longer spend without consequences.

He emphasizes the need for investors to understand the underlying vulnerabilities of the U.S. financial system and proactively adjust their portfolios to mitigate potential risks.

David Rosenberg’s return to Wealthion offers a timely and thought-provoking perspective on the future of the global economy.

While predictions should always be approached with caution, his insights provide valuable guidance for navigating an increasingly uncertain financial landscape. Now is the time for investors to carefully assess their portfolios and prepare for the potential shifts ahead.

https://youtu.be/_Qr5AApfzKA

News, Rumors and Opinions Tuesday 6-10-2025

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 10 June 2025

Compiled Tues. 10 June 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 10 June 2025:

Mon. 9 June 2025: Trump is quietly closing down the IRS – and clearing a path for a new financial system — one that doesn’t rely on fear, audits, or manipulation. A system that can’t be used as a weapon. Transparent. Just. Fair. This is not reform. It’s liberation.

Possible Timing:

Judy Note: It was my understanding that Redemption Centers could give you a higher rate on exchange of your currencies than could a bank. The much higher Dinar Contract rate was only available at a Redemption Center. Zim could only be redeemed at a Redemption Center, not at a bank. They will be sending out notifications on how to obtain an appointment at a Redemption Center and such will be posted in my updates and on various Dinar websites.

As of Sun. 1 June 2025 some Redemption Centers (allegedly) became fully operational, secured by military oversight, and processing gold-backed transactions through the Quantum Financial System.

At 11 am EST Mon. 2 June all aspects of NESARA were(allegedly)  implemented and the big banks were (allegedly) put online with the QFS as of 6 pm Mon. night 2 June 2025.

At 3:03 EST on Tues. 3 June 2025 Operation Odin (QFS) was (allegedly) fully activated, EBS deployed through Starlink, banks closed, currencies(allegedly)  cancelled, Sovereignty restored, codes active, accounts open, their system will freeze, yours will open. …Trump Family Channel, The 17th Letter (JFK Jr.), Julian Assange, Ben Fulford, WH Grampa on Telegram

As of Fri. 6 June Redemption Centers across the world, hidden within ordinary buildings, (allegedly) became fully operational, staffed by agents verified through DNA-based biometric protocols. The first QFS Card test batches began moving under military escort in key zones.Public distribution expands from June 7–10. By July 4 the general public.

On Sat. 7 June QFS Payouts (allegedly) began to certain qualified groups and individuals.

By Tues. 10 June 2025 the first wave of public disclosures is expected to begin — not through CNN or BBC — but through raw, unfiltered QFS-verified broadcasts across secure global nodes. …Gesara Nesara QFS on Telegram

Bruce: According to Iraqi sources the Iraqi Dinar will (allegedly) be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June. By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account. USTN will be out by Tues. 10 June. Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.

Tier4b notifications were expected to go out on Tues. 10 June. Internal banking advisories indicated public redemption will begin regionally, based on QFS load-balancing and readiness reports.

On Fri. 13 June 2025 all Tier4b appointment notifications were to be completed.

Wed. 11 June Iraq set to make public announcement of the Dinar Revaluation (the end of a 5 day holiday), with international rate set at $4.81 Iraqi Dinar to $1.00 USN.

Around Sun. 15 and Mon. 16 June 2025 expect minor banking downtimes, signaling the(allegedly)  final switchover to full QFS integration.

As of Mon. June 23, 2025, Redemption Centers will begin (allegedly) processing live appointments for the general public under full GESARA protocol. According to sources inside two U.S. Treasury branches, the schedule is already being populated with approved Tier 4B participants. This is the moment we’ve all prepared for. …Emergency Broadcast System on Telegram

Between Sun. 29 June and Fri. 4 July 2025 expect an EBS Bank Blackout Period while systems adjusted to the new currency rates and Global Financial System.

Fri. 4 July 2025: Public rollout of Global Currency Reset. (allegedly)

Wed. 9 July 2025 was the Back Wall for the Global Currency Reset to occur optically. …Jon Dowling, Iraq

Read full post here:  https://dinarchronicles.com/2025/06/10/restored-republic-via-a-gcr-update-as-of-june-10-2025/

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

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

Mnt Goat  ...Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”.  Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area...

Frank26  Question: "If the dinar went from $1.00 to $4.81 would it cause confusion in businesses and consumption prices?" Yes.  The goal is to reach 1 to 1 status.  Once it is, that 1 to 1 stay inside the country... When it leaves outside of the border on a vehicle called Forex the rest of the world will touch the Iraqi dinar by using it, selling it, spending it, investing in it, platform banks with it, that movement of the dinar will allow that 1 to 1 that started in country, but when you went outside you're maturing, $1.50, $2.00, $2.50.  Who determines that value?  The outside market.  Do you think the outside market is just dying to get their hands on the Iraqi dinar?  

URGENT: "Silver's Slingshot Move Has Begun, Here's What Is Different This Time" - Mike Maloney

Mike Mahoney:  6-10-2025

In this urgent and eye-opening video, Mike Maloney breaks down why silver’s long-awaited breakout move is finally here—and why it could lead to triple-digit prices sooner than you think.

 With U.S. debt soaring to unsustainable levels, housing bubbles inflating, and warning signs flashing across every sector—from real estate to employment—Mike lays out why the current economic landscape is more dangerous than ever.

Discover why we’re on the brink of a massive recession

 See the 45-year chart pattern that predicts silver’s explosive future

 Understand how monetary demand will drive silver and gold sky-high

Plus, insights on AI-driven job losses, China’s economic slowdown, and what history tells us about debt cycles. Don’t miss this urgent message if you're serious about protecting your wealth.

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

The Last Silver Bull Market Before The Reset | Clive Thompson

The Last Silver Bull Market Before The Reset | Clive Thompson

Liberty and Finance:  6-9-2025

Clive Thompson argues that the current bull market in gold and silver is unlike previous cycles and may be the final one before a major monetary reset.

 He suggests that this run doesn’t have a clear price target because it will continue until the collapse or replacement of the current fiat currency system.

 According to Thompson, the endgame will be triggered by a loss of confidence in fiat currencies, leading people to rush into tangible assets like precious metals and essential goods.

He believes that in any future currency reset, those holding physical gold or silver will retain their wealth, while holders of fiat financial assets will face severe losses or limited convertibility.

 This, he says, marks a historic transition where gold and silver won't just rise in price—they'll serve as a bridge to the next monetary system.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Silver

4:12 Gold

12:00 Platinum

13:49 US debt crisis

https://www.youtube.com/watch?v=k-hpN5IaMxc

Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-10-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins says the right to self-custody is a 'foundational American value'

▪️SEC Chair Paul Atkins hinted at more of an openness toward self-custody, marking a departure from the previous administration.

▪️Since President Donald Trump took office and following former Chair Gary Gensler’s departure, the agency has taken a warmer approach to crypto.

A New Crypto Vision Under the Trump and Atkins Era

U.S. Securities and Exchange Commission Chairman Paul Atkins is turning a new page at the agency in how it views self-custody, describing it as a "foundational American value."

In remarks delivered Monday at the SEC’s final Crypto Task Force Roundtable, titled "DeFi and the American Spirit," Atkins hinted more of an openness toward self-custody, marking a departure from the previous administration.

"The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet," Atkins said Monday. "I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities."

Since President Donald Trump took office and following former SEC Chair Gary Gensler's departure, the agency has taken a warmer approach to crypto in part through dropping enforcement actions against major crypto industry players and creating the crypto task force.

The task force has hosted five roundtable discussions over the past few months with a focus on tokenization, custody, trading, and defining securities.

Atkins has criticized the agency's previous approach, and on Monday, accused the agency of undermining the innovation in self-custody by asserting that developers could be brokers, and therefore, need to follow the SEC's rules.

"I do not believe that we should allow century-old regulatory frameworks to stifle innovation with technologies that could upend and most importantly improve and advance our current, traditional intermediated model," Atkins said. "We should not automatically fear the future."

Atkins also said he asked SEC staff to look into next steps.

"I have asked the Commission staff to explore whether further guidance or rulemaking may be helpful for enabling registrants to transact with these software systems in compliance with applicable law," he said.

@ Newshounds News™
Source:  The Block

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Trump's CFTC pick Quintenz pledges clear crypto classification in written remarks for Senate hearing

▪️Brian Quintenz, nominee for new CFTC chair, said he would support bringing clarity to crypto classification and jurisdiction for market oversight.
▪️Quintenz said he would utilize his experience as head of policy at a16z crypto to shape future regulations around crypto.

Brian Quintenz, nominee to lead the U.S. Commodity Futures Trading Commission, has pledged to provide clear classification and jurisdictional clarity for digital asset market regulation in a written statement shared ahead of his nomination hearing.

The former CFTC commissioner was nominated by President Donald Trump in February, and is scheduled to appear before the Senate Agriculture Committee for a nomination hearing on Tuesday.

"It is time for a comprehensive regulatory framework for crypto assets, including token classification clarity and clear jurisdiction for trading market oversight," said Quintenz. "I am fully prepared to use my experience and expertise to assist in that effort as well in executing any expanded mission should legislation pass into law."

@ Newshounds News™
Source:  The Block

~~~~~~~~

Nigeria Calls on BRICS To Switch Trading in Local Currencies

Nigeria has called on BRICS to switch to trading in local currencies and refrain from using the US dollar for cross-border transactions. During a meeting at the BRICS trade forum held in Brazil, Nigeria’s House Committee on Foreign Affairs, Wole Oke, said that the alliance must begin investing in each other’s economy to maintain equal economic stability for all.

At the trade forum, he urged BRICS to reduce usage of US dollar transactions and begin payments in local currencies. He also urged the bloc to reduce dependency on Western powers and uplift the economies of developing countries.

“Strengthening BRICS trade is no longer optional, it is a necessity. We must trade more with each other, invest in one another, and build a trade ecosystem that puts our people first,” he said, stressing that the time to use local currencies for trade is ripe.

The lawmaker proposed BRICS to create a new establishment for local currency settlements that cuts exposure to “volatile currency politics”. He added that investments must be made in all business sectors including pharmaceuticals, agriculture, manufacturing, and clean energy.

The foreign minister stressed that BRICS members have an overall GDP of 40% of the global economy, and the potential to make it even bigger is untapped and can be a success if local currencies are made the norm. Nigeria is among the 13 partner members of BRICS and is considering reshaping the global finances.

Nigeria Follows the Footsteps of BRICS, Makes Local Currencies Official

Just recently, the government of Nigeria announced that only their local currency, the Nigerian naira will be the official tender for oil trade in the country, ending dependency on the US dollar. 

All oil-refiners must use the local currency and the move could boost its prospects in the forex markets. The African country is looking to tackle the US dollar’s dominance by putting it second in line for oil payments.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Monday Morning 6-9-25

Good Morning Dinar Recaps,

ETF ISSUERS PUSH SEC TO RESTORE ‘FIRST-TO-FILE’ APPROVAL PROCESS—CRITICIZE REGULATORY DELAYS ON STAKING & ALTCOIN ETFS

A group of leading ETF firms is urging the SEC to return to the “first-to-file” approval model, claiming the current system undermines innovation and rewards passive behavior.

VanEck, 21Shares & Canary Capital Fire Back at the SEC

📨 ETF issuers VanEck, 21Shares, and Canary Capital have submitted a formal letter to the U.S. Securities and Exchange Commission (SEC) calling for a reinstatement of the first-to-file approval system for ETFs.

🔍 Their main arguments:

• Skipping the queue discourages innovation

• Delays stifle investor choice

• The current system hurts competition

“The reduced incentive for pioneering product development… compromises market efficiency and fundamentally undermines the commission’s mission.”

They also warned that regulatory inconsistency may cost the U.S. its leadership in financial innovation.

Crypto ETF Momentum Grows Under Trump Administration

Since President Trump’s inauguration, there has been a noticeable surge in crypto ETF applications, reflecting growing expectations for a more favorable regulatory climate.

Yet, despite increased activity, SEC delays are widespread.

SEC Slow-Walks Approval on Staking & Altcoin ETFs

Staking and altcoin ETF filings have multiplied — but so have SEC postponements.

 Notable delays include:

• Grayscale’s spot Solana ETF – Now pushed to October

• Staking and XRP ETFs – Delayed with no early approvals expected

Analyst Insight:

“Almost all of these filings have final due dates in October. Early decisions are out of the norm.” — James Seyffart, Bloomberg ETF Analyst

📉 Even REX-Osprey’s staked ETF products, which had effective registration statements, were halted due to SEC concerns over fund structure — dimming expectations for near-term launches.

Why It Matters

With institutional interest booming and crypto markets expanding, regulatory clarity and efficiency are now mission-critical.

 Returning to a transparent and orderly “first-to-file” process could:

• Reinvigorate innovation

• Restore trust among issuers

• Accelerate broader crypto ETF adoption

Final Thought

As crypto ETFs evolve into a pillar of digital asset investing, the SEC’s next moves could define U.S. market leadership for years to come.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

Ripple Launches Japan-Focused Web3 Program Backed by JETRO

Ripple teams with Web3 Salon to fund XRPL-based innovation in Japan—grants up to $200K, major events planned through 2026, and a bold push to accelerate real-world Web3 adoption in Asia.

Ripple Backs Japan’s Web3 Startups with Grants and Mentorship

Ripple is expanding its footprint in Asia with a dedicated initiative to support Web3 startups in Japan, in partnership with Web3 Salon, a program powered by Asia Web3 Alliance Japan and supported by JETRO (Japan External Trade Organization). The new program is designed to drive real-world development on the XRP Ledger (XRPL) by equipping Japanese entrepreneurs with capital, technical mentorship, and regulatory guidance.

▪️ Ripple & Web3 Salon will award up to $200,000 per startup

▪️ Program backed by Ripple’s Japan & Korea Fund

▪️ Four major events planned across Japan through March 2026

$200K Grants to Fuel XRPL Innovation in Japan

At the core of the program is Ripple’s Japan & Korea Fund, part of its broader $1 billion commitment to the XRP ecosystem announced in 2022. Japanese startups building solutions in DeFi, tokenized real-world assets (RWA), and digital payments on the XRPL are eligible to receive grants of up to $200,000.

Along with capital, startups will gain access to Ripple’s global investor and advisor network, offering early-stage founders strategic advantages in funding, business development, and scaling.

Mentorship & Market Strategy Led by Web3 Salon

While Ripple drives capital support and network access, Web3 Salon will take the lead on founder mentorship, compliance support, and go-to-market readiness. In a country with stringent but transparent crypto regulations, this collaboration is positioned to help startups navigate legal complexities and build sustainable, regulation-ready ventures.

Four Major Events Planned Through Early 2026

Ripple’s regional strategy is also reinforced through an ambitious event roadmap. Community leader WrathofKahneman confirmed that this initiative aligns with Ripple’s long-term expansion in Asia.

From now through March 2026, Ripple and Web3 Salon will co-host four major events in Japan, featuring:

• Pitch competitions

• Policy and regulatory panels

• Investor networking

• Web3 workshops and education

These events are designed to accelerate ecosystem growth and encourage collaboration among developers, policymakers, and enterprise partners.

Japan’s Web3 Opportunity: Clarity Meets Innovation

With its tech-savvy market, supportive institutions, and clear regulatory structure, Japan is uniquely positioned to become a Web3 powerhouse in Asia. Ripple’s strategic alignment with JETRO-backed Web3 Salon represents an institutional push to remove entry barriers for blockchain innovators.

As Ripple continues to invest in foundational technologies and ecosystems, Japan could emerge as a regional leader in real-world blockchain adoption—powered by the XRP Ledger.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

BRICS: 50+ Nations Now Use Yuan, Rupee, Ruble—Not US Dollar in Trade

BRICS-led de-dollarization deepens as over 50 countries shift to local currencies in energy and defense sectors, replacing dollar-based trade systems with yuan, rupee, and ruble.

BRICS Powers Global Shift Away from US Dollar

A global financial shift is accelerating as over 50 nations now conduct trade in yuan, rupee, and ruble, especially within oil and defense sectors, reducing reliance on the U.S. dollar. BRICS nations are at the center of this transformation, using currency trade agreements and new payment infrastructures to bypass the petrodollar system.

India and Russia Drive the Local Currency Trade Boom

The strategic cooperation between India and Russia has shown that local currency settlements are not only viable but efficient. India continues to buy Russian oil using rupees, directly paying energy giant Rosneft without the traditional SWIFT-based, dollar-centered mechanisms.

In defense trade, Russia supplies nearly 66% of India’s military imports, and these deals are increasingly settled in yuan, rupee, or ruble. Bilateral agreements have made national currency transactions standard, demonstrating that large economies can shift away from the dollar without friction.

India–Russia trade surged from $13B in 2021 to $27B in 2022—largely due to local currency payments.

Saudi Arabia Joins the De-Dollarization Movement

Saudi Arabia, long seen as a pillar of the petrodollar system, is now engaging in currency swaps with China and discussing yuan-based oil settlement mechanisms. This marks a historic turning point in global energy markets.

Russian President Vladimir Putin emphasized this shift during the BRICS Summit in Kazan:

“The dollar is being used as a weapon. We really see that this is so. I think that this is a big mistake by those who do this.”

Commonwealth Nations Embrace National Currencies

The Commonwealth of Independent States (CIS) has reached an advanced stage of de-dollarization: over 85% of cross-border trade within the bloc now uses local currencies, directly reflecting the BRICS influence in shaping regional currency practices.

Brazilian President Luiz Inacio Lula da Silva also criticized dollar hegemony, stating:

“Resorting to unilateralism undermines the international order… the consistent defense of multilateralism is the only path we must follow.”

BRICS Pay and Dollar-Free Infrastructure Expansion

To facilitate this growing currency shift, BRICS is rapidly developing BRICS Pay, a payment system that supports multinational trade in local currencies. While a single unified BRICS currency remains under discussion, BRICS Pay already allows seamless transactions outside the dollar system.

This infrastructure also helps countries circumvent sanctions while maintaining legal trade, contributing to the ongoing decline of petrodollar dominance.

Over 50 nations are now engaging in non-dollar trade across key sectors—marking a turning point in the global financial order.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Sunday Morning 6-8-25

Good Morning Dinar Recaps,

Europe Gears Up to Regulate DeFi in 2026 as MiCA Leaves Sector in Limbo

As the EU’s sweeping MiCA framework rolls out, decentralized finance remains in regulatory gray space — but not for long.

DeFi’s Legal Status Under MiCA Still Unclear

European regulators are preparing to address decentralized finance (DeFi) directly in 2026, but the foundational challenge remains: what does “decentralization” actually mean?

The Markets in Crypto-Assets Regulation (MiCA) — the world’s first comprehensive crypto regulatory framework — came into force on December 30, 2024, aiming to protect investors, fight fraud, and strengthen stablecoin oversight. But DeFi protocols are still operating in a legislative gray zone.

Speaking on Cointelegraph’s Chain Reaction X Spaces on June 4, Vyara Savova, senior policy lead at the European Crypto Initiative (EUCI), pointed out the core issue:

“No one actually knows what EU policymakers mean by DeFi.”

Although MiCA outlines detailed licensing and compliance obligations for centralized actors, DeFi has been left largely undefined — and potentially out of scope.

Mid-2026: The Year of DeFi Regulation in the EU

Savova noted that starting mid-2026, EU authorities will begin the process of legally defining decentralization — a prerequisite for regulating DeFi in earnest. Until then, DeFi platforms operate in uncertainty.

One of the most contested elements of the original MiCA rollout was its treatment of decentralized protocols. Critics argued it imposed the same Know Your Customer (KYC) and licensing requirements on DeFi as it does on traditional financial entities — a problematic mismatch.

However, Recital 22 in MiCA offers some hope. It states that fully decentralized crypto-asset service providers “should not fall within the scope of this Regulation.” The challenge? There’s still no working definition of “fully decentralized.”

MiCA 2? Not Happening, Says EUCI

Despite prior calls — even from European Central Bank President Christine Lagarde — for a MiCA II to address these gaps, that sequel regulation appears to be off the table.

According to Marina Markezic, executive director and co-founder of EUCI:

“You have probably heard about a potential MiCA II. It’s not happening.”

Instead, any updates are expected to be narrow and targeted — particularly around stablecoins — rather than a full legislative overhaul.

MiCA continues to undergo rolling revisions every 12 to 18 months, allowing the EU to respond to emerging gaps without reopening the entire framework.

The Bottom Line

Europe’s crypto regime is evolving — and DeFi is finally in the spotlight. But until lawmakers can clearly define what counts as decentralized, protocols will remain caught between legal categories.

With 2026 shaping up to be a turning point, the EU must now strike a balance between innovation, security, and clarity.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

XRP Has Privileged Role on XRPL, Ripple CTO Explains Key Advantages

Ripple’s chief technologist underscores XRP’s indispensable position in the XRPL ecosystem, affirming its critical role in liquidity, decentralization, and fee mechanisms.

XRP’s Core Role in the XRPL Ecosystem Reaffirmed by Ripple CTO

Ripple Chief Technology Officer David Schwartz took to X (formerly Twitter) on June 4 to clarify XRP’s foundational place within the XRP Ledger (XRPL).

Responding to community debate about XRPL’s evolving token ecosystem, Schwartz outlined why XRP remains uniquely essential despite the ledger’s growing diversity.

“The XRPL is more than just XRP. There are stablecoins, there will be tokenized real world assets, loans of all kinds of things. A DEX doesn’t work with just one asset.”

That said, Schwartz emphasized that XRP maintains a privileged role in the protocol’s architecture that no other token can replicate.

Why XRP Is Still Indispensable

Schwartz detailed several ways XRP is structurally embedded into XRPL’s functionality:

• Universal Reception: “It’s the only asset that any account can receive.”

• No Counterparty Risk: XRP doesn’t require trust lines or third-party issuers.

• Liquidity First: “Pathfinding checks for XRP liquidity first.”

• Autobridging: The system prioritizes XRP for bridging trades between other assets.

• Fee Payments: XRP is the only asset that can be used to pay XRPL transaction fees.

These design features give XRP an architectural advantage in routing liquidity, powering decentralized exchanges (DEXs), and facilitating trustless payments across the ledger.

Market Value vs. Ledger Utility

Schwartz concluded with a reflection on the difficulty of quantifying XRP’s market value as a function of XRPL’s utility:

“The question to ponder is how much value XRPL can generate and to what extent that can turn into XRP value.”

He noted the challenge in measuring how XRPL adoption directly translates into demand for XRP — but reiterated that its native, non-replicable role within the network is fundamental to any such growth.

While critics have questioned XRP’s dependency on Ripple or the need for a native token, the protocol’s technical framework continually reinforces XRP’s status as the central asset for liquidity, fees, and routing across a growing DeFi landscape.

Bottom Line

As the XRPL expands to support stablecoins, tokenized assets, and loans, XRP remains its keystone. The core functions of the ledger — from payment settlements to DEX operations — are still fundamentally tied to XRP, reinforcing its long-term strategic relevance.

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

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News, Rumors and Opinions Saturday 6-7-2025

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. 7 June 2025

Compiled Sat. 7 June 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 3 June 2025 MarkZ: “I have a number of Bond Contacts who are very excited that things will happen this week. They won’t give specifics, but are very excited.”

Sun. 1 June 2025 Wolverine: “I can’t tell you specifics, but my contacts are very excited that things were happening this week.”

Thurs. 5 June 2025 Bruce: According to Iraqi sources the Iraqi Dinar will be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June. By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account. USTN will be out by Tues. 10 June. Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.

Thurs. 5 June 2025: MAJOR NEWS: RV/GCR is HERE – The Gold Reset is HAPPENING – The Fed is D**D – The Fiat Illusion is Collapsing – Are You Ready? – amg-news.com – American Media Group

Thurs. 5 June 2025: BOOM!!! TRUMP ERASES IRS, LAUNCHES EXTERNAL REVENUE SERVICE – AMERICANS FREED FROM INCOME TAX FOREVER! VIDEO – amg-news.com – American Media Group

~~~~~~~~~~~

Fri. 6 June 2025 INTEL: Quantum Financial System, Global Currency Reset – Trust the Plan! …Ron Watkins on Telegram

The Quantum Financial System (QFS), Global Currency Reset (GCR), and revolutionary Med Beds are no longer whispers—they are becoming reality. We are witnessing the collapse of the old systems and the rise of a new global order. Buckle up, because this will reshape the world as we know it.

Quantum Internet and QFS: A Game-Changer: Elon Musk has hinted at a quantum internet rollout by the end of the year, aligning with the activation of the Quantum Financial System (QFS). This system promises to secure and decentralize global transactions, wiping out the corruption of central banks and empowering the people.

A mysterious black swan event is expected to trigger the shift, unleashing a domino effect of currency revaluations worldwide. The GCR will redistribute wealth, expose hidden cures, and restore freedom.

Global Currency Reset: A New Dawn: Currencies across the world are preparing for a monumental revaluation. Iraq’s golden dinar, backed by gold, has already been unveiled, signaling the start of the new financial era. This shift isn’t just about money; it’s about taking power away from the elites and returning it to the people. The old systems controlled by the Rothchilds and central banks are crumbling under the weight of this revolution.

Read full post here:  https://dinarchronicles.com/2025/06/07/restored-republic-via-a-gcr-update-as-of-june-7-2025/

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

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

Frank26   Everybody is waiting for the new exchange rate ...When you see that everything is frozen from coming in, being activated...it's telling you it's waiting on one thing, one thing only and we're this much away from it.

Militia Man  These guys are really gearing to integrate into the international world.  Are they going to do it at 1310?  Well if they were going to why didn't they do that 2 years ago or back in 2018.  We don't know.  The bottom line is they probably weren't going to because it just wouldn't work.

Clare  Article: "Al-Ghariri: Iraq is getting closer to membership in the World Trade Organization."  Quote: "Minister of Trade, Atheer Al-Ghurairi, announced that Iraq has made significant progress in its path towards joining the World Trade Organization, stressing Baghdad's serious commitment and transparency in meeting the requirements of this important international process."

This Basel III Rule Goes Live in July & It’s the Final Nail in Paper Gold’s Coffin | Andy Schectman

Two dollars Investing:  6-6-2025

Basel III is about to flip the entire gold market on its head—and no one in mainstream finance is talking about it.

In this explosive interview, Andy Schectman reveals how a key rule going live in July could expose the paper gold scam, trigger mass delivery failures, and unleash a flood of demand for physical metal.

Will this be the event that finally breaks COMEX?

Get the full breakdown now—before Wall Street tries to bury it.

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 6-7-25

Good Morning Dinar Recaps,

Crypto Adoption Continues: Apple, X, Airbnb Exploring Stablecoin Integration – Report

As US lawmakers work on passing crucial crypto-related legislation, multiple tech giants are reportedly exploring the adoption of stablecoins to lower transaction costs and streamline cross-border payments.

Apple, Airbnb, X Eye Stablecoin Integration

On Friday, Fortune reported that several Big Tech companies are in early discussions with crypto firms to integrate stablecoins. Sources familiar with the matter stated that Apple, X, Airbnb, and Google are exploring stablecoin adoption to optimize cross-border payments and lower transaction costs.

According to the report, Airbnb has been in talks with crypto companies since the beginning of the year, aiming to reduce high transaction fees charged by processors like Visa and Mastercard by adopting stablecoin solutions.

The short-term rental platform has reportedly discussed the integration with Worldpay, one of its payment processors. Notably, Worldpay recently announced support for stablecoin payouts through its partnership with stablecoin infrastructure provider BNVK.

An Airbnb spokesperson confirmed:

“While crypto payments aren’t something we’re focused on integrating into the platform in the near future, we’re always looking at all aspects of payments for ways to improve our community’s experience with it, including developments in digital assets and their use cases.”

Similarly, Apple has reportedly been engaged in stablecoin-related talks since January. Four sources claim Apple has held conversations with a senior director at Circle, who works on “strategic partnerships in stablecoin payments.”

X (formerly Twitter) is also actively pursuing stablecoin integration into its new payments platform, X Money. The company is reportedly in talks with Stripe to implement this feature. Patrick Traughber, X’s former head of consumer products and payments, initially led the effort before departing in January for the Sam Altman-backed project World. Payam Abedi, a senior engineer at X, has since taken over the initiative.

More Tech Giants Explore Crypto Adoption

Google Cloud is “arguably the furthest along on stablecoin integrations,” the report noted. Google has already accepted payments in PayPal’s PYUSD, a stablecoin that recently cleared a regulatory investigation by the SEC without enforcement action.

Rich Widmann, head of Web3 strategy at Google Cloud, commented:

“It’s pretty clear that this is probably one of the biggest upgrades to payments since the SWIFT network.”

“We’ve invoiced the customer like we would normally invoice them. They’ve paid that bill the way they would normally pay it. But they’ve used stablecoins to effectuate settlement.”

The report also mentions that other tech firms, including Meta, are exploring stablecoin usage. On Thursday, Uber CEO Dara Khosrowshahi revealed that the company is currently in the “study phase” regarding stablecoins for international money transfers.

Chris Ahn, a partner at Haun Ventures, stated:

“[Stablecoins] are this old idea, but finally I think we’ve got the right pieces coming together such that it’s really coming into fruition.”

Regulatory Shift Boosts Momentum

Under the current Trump administration, US regulators have moved away from a punitive “regulation by enforcement” stance. Instead, they are pursuing clear frameworks and detailed guidelines for the digital asset sector.

This shift has accelerated industry adoption, with several Strategic Bitcoin Reserve proposals and crypto Treasury initiatives now gaining attention. Meanwhile, bipartisan efforts in Congress continue to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to provide the US stablecoin industry with a robust legal foundation for growth.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

US Lawmakers Seek Audit of Federal Gold, Including ‘Deep Storage’

For the first time in over 65 years, Congress is demanding a full-scale audit of America's gold reserves — just as debt surges past $37 trillion and central banks ramp up gold accumulation.

Gold Audit Bill Demands Inventory of All Federal Bullion Holdings

On June 6, 2025, four Republican lawmakers introduced the Gold Reserve Transparency Act (H.R. 3795), calling for a sweeping audit of the United States’ gold reserves — including long-untouched “deep storage” bullion.

Reps. Thomas Massie (R-KY), Troy Nehls (R-TX), Addison McDowell (R-NC), and Warren Davidson (R-OH) co-sponsored the bill, which mandates:

• A full assay, inventory, and physical audit of all U.S. gold within nine months of enactment

• Recurring audits every five years

• Independent oversight by the Government Accountability Office (GAO) and third-party auditors

The scope covers all bullion at depositories, security reviews, and a 50-year forensic analysis of all gold-related transactions, including:

• Leases

• Swaps

• Sales

• Purchases

• Encumbrances

• Gold indirectly held by or through the Federal Reserve, IMF, or foreign central banks

Crucially, the bill bars redactions in the final public report — excluding only physical security protocols. The GAO and its auditors will receive subpoena power to access any relevant facility or record, while the Treasury and Federal Reserve must provide full documentation.

Calls for Transparency Amid National Debt and Gold Repatriation

Stefan Gleason, CEO of the Money Metals Depository, sharply criticized the lack of oversight in past decades:

“The Treasury has lost records and failed to account for vault openings.”

Gleason's Idaho-based facility, notably, is twice the size of Fort Knox.

This movement echoes long-standing calls from figures like Senator Rand Paul and his father Ron Paul, who have both advocated for a Fort Knox audit.

With U.S. national debt surpassing $37 trillion, and Germany repatriating gold from the New York Fed, concerns over American-held gold have escalated. JP Cortez of the Sound Money Defense League called the audit effort a “national security issue,” rejecting performative "walkthroughs" as inadequate.

A Gold Audit vs. Bitcoin’s Blockchain Transparency

While Bitcoin (BTC) enjoys real-time public verification of its entire history and supply via the blockchain, U.S. gold reserves remain shrouded in obscurity.

“Unlike bitcoin, the U.S. gold system lacks inherent transparency,” the bill’s authors contend.

If passed, the Gold Reserve Transparency Act would usher in regular physical audits and the disclosure of decades of potentially opaque transactions — a stark contrast to Bitcoin’s cryptographic, decentralized proof-of-reserve.

What If Fort Knox Is Empty?

Financial provocateur Robert Kiyosaki has added fuel to the fire, warning:

“If Fort Knox’s vaults turn up empty, America’s entire economic infrastructure could come tumbling down.”

The results of the audit — if it passes — are expected to be made publicly available online, setting the stage for a new era of financial transparency or potentially devastating revelations.

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

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