Seeds of Wisdom RV and Economic Updates Friday Afternoon 6-27-25
Good Afternoon Dinar Recaps,
US Judge Denies Ripple–SEC Joint Bid to Slash $125M Penalty
By Cointelegraph | June 2025
A U.S. federal judge has rejected a joint motion from Ripple and the Securities and Exchange Commission (SEC) to reduce a $125 million penalty and vacate prior rulings that classified Ripple’s institutional XRP sales as unregistered securities.
Good Afternoon Dinar Recaps,
US Judge Denies Ripple–SEC Joint Bid to Slash $125M Penalty
By Cointelegraph | June 2025
A U.S. federal judge has rejected a joint motion from Ripple and the Securities and Exchange Commission (SEC) to reduce a $125 million penalty and vacate prior rulings that classified Ripple’s institutional XRP sales as unregistered securities.
The decision was handed down by Judge Analisa Torres of the U.S. District Court for the Southern District of New York, who reaffirmed that Ripple must adhere to federal securities laws, regardless of evolving SEC policy.
Key Developments:
▪️ Judge Torres denied the request to reduce the $125M civil penalty or reverse the ruling that Ripple’s XRP sales to institutions violated Section 5 of the Securities Act.
▪️ The court emphasized that the appropriate venue for altering a final order is through appeal—not by informal agreement between parties.
▪️ Judge Torres wrote:
“Ripple’s willingness to push the boundaries of the Order evinces a likelihood that it will eventually, if it has not already, cross the line.”
Background:
Ripple and the SEC jointly filed a motion seeking an indicative ruling, asking the lower court to reconsider its final order in light of the SEC’s softened stance on crypto enforcement.
However, Judge Torres rejected this procedural move, stating that nothing has materially changed since her earlier ruling to justify a reduced penalty or reversed injunction.
“They now claim it is in the public interest to cut the Civil Penalty by sixty percent… The Court disagrees,” she added.
Ripple’s Response and the SEC’s Retreat:
While Ripple did not immediately comment, the ruling comes after Ripple CEO Brad Garlinghouse previously declared the SEC’s dropped appeal as a “resounding victory” for the company and the broader crypto industry.
In March, the parties agreed to settle the monetary aspect of the case, proposing a 60% reduction in penalties:
▪️ $50 million to the SEC
▪️ $75 million to be returned to Ripple
▪️ Funds currently held in escrow pending court approval
Why It Matters:
This case has become a cornerstone legal battle for the crypto industry, with Ripple’s partial victories hailed as precedent-setting. Yet, Judge Torres’ refusal to revise the penalty underscores that regulatory enforcement remains grounded in statutory law—not political shifts or private settlements.
Ripple’s legal journey may be winding down, but the court has made it clear: accountability under federal securities laws stands firm.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
Confirmed: ISO® 20022 Message Format Goes Live for Fedwire® on July 14, 2025
By FRB Services | June 2025
After years of preparation in collaboration with the financial industry, the Federal Reserve Financial Services (FRFS) has officially confirmed the implementation of the ISO® 20022 message format for the Fedwire® Funds Service on July 14, 2025.
Fedwire Funds Service Moves Forward With ISO 20022
FRFS has announced that the long-planned migration to ISO 20022 will proceed on schedule. The Fedwire Funds Service software and production infrastructure will remain unchanged, ensuring a seamless transition for institutions already onboarded for compliance.
The message format shift marks a major step toward modernizing U.S. payment systems and aligning with global standards in high-value funds transfer.
“We are confirming that FRFS will move forward with implementing the new ISO 20022 message format on July 14 as planned.”
Testing Continues Through July 11
FRFS urges all participating institutions and service vendors to continue internal testing and validation efforts through July 11, just prior to go-live.
Questions or concerns should be directed to:
📧 Fedwire.Funds.Format@ny.frb.org
📞 Your FRFS relationship manager or the Support Center
“We appreciate the work, time, and resources you have put into preparing for the new ISO 20022 standard.”
A Key Milestone in U.S. Payment Infrastructure Modernization
The ISO 20022 rollout for Fedwire Funds is part of a broader global migration to richer, structured, and standardized messaging formats, enabling enhanced data handling, interoperability, and automation across banking systems.
This move places the U.S. in line with international payment modernization efforts, joining regions such as Europe and Asia that have already embraced ISO 20022 in real-time gross settlement systems.
@ Newshounds News™
Source: Federal Reserve Financial Services
~~~~~~~~~
Senate Banking Chair Targets September Deadline for Crypto Market Structure Bill
By Cointelegraph | June 2025
Following the successful Senate passage of the GENIUS stablecoin bill, U.S. lawmakers are setting their sights on broader digital asset market structure legislation—with a new timeline in view.
Sen. Tim Scott Aims for Sept. 30 Deadline
U.S. Senator Tim Scott, Chair of the Senate Banking Committee, announced Thursday that the chamber is working toward passing a digital asset market structure bill by September 30.
“For the market to function completely,” said Scott, “Congress needs to move forward with legislation for both market structure and stablecoins.”
The remarks came during a fireside chat with Senator Cynthia Lummis and White House crypto adviser Bo Hines, as part of a broader effort to advance regulatory clarity in the rapidly evolving digital asset sector.
Lummis offered strong support for Scott’s timeline, stating:
“You’re the chairman, and we will do as you wish. We will make sure that we’re ready to do that.”
GENIUS Act and Market Structure Bills on Parallel Tracks
The push for market structure legislation follows momentum from the GENIUS Act—the Guiding and Establishing National Innovation for US Stablecoins Act—which recently passed the Senate and awaits consideration in the House of Representatives.
▪️ Sen. Lummis warned she would be “extremely disappointed” if both bills aren’t passed before 2026.
▪️ No floor votes have been scheduled yet in either chamber for market structure legislation.
At the Bitcoin Policy Summit earlier this week, Lummis reiterated the importance of getting both pieces of legislation passed to maintain the U.S.'s competitive edge in digital finance.
White House May Push for Accelerated Timelines
Former President Donald Trump, who is seeking re-election, weighed in on the GENIUS Act on June 18, urging the House to “get it to [his] desk, ASAP.”
However, his August target for crypto legislation may conflict with the Senate’s September goal for market structure—raising questions about how the timeline may shift in coming weeks.
Senate Eyes CLARITY Act as a Framework
Lummis added that the Senate may model its legislation on the House’s proposed bill, the Digital Asset Market Clarity Act (CLARITY Act), which passed out of committee in June.
▪️ The Senate version is expected to be drafted before the August recess, with markup scheduled for September.
▪️ The goal: to define which digital assets fall under SEC or CFTC oversight, and to establish regulatory clarity for crypto companies operating in the U.S.
“We’re not just talking about modernization,” one staffer familiar with the bill remarked. “We’re talking about creating a framework that gives innovators, regulators, and investors clear rules of the road.”
Why It Matters:
As regulatory conversations escalate in Washington, a bipartisan, bicameral push toward crypto market structure reform could reshape the digital asset landscape. With the GENIUS Act already gaining traction, attention is now fixed on how soon—and how clearly—Congress can define the future of U.S. crypto regulation.
@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
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We're Smoked If US Doesn't Have It's Gold | Bill Holter
We're Smoked If US Doesn't Have It's Gold | Bill Holter
Liberty and Finance: 6-26-2025
Bill Holter warns that if the truth emerges that the U.S. has no gold, the entire global financial system could collapse, as it's built on the perceived security of U.S. Treasuries—once backed by gold.
He argues that U.S. Mint lineage coinage, like Gold and Silver Eagles, may offer legal protection from future government confiscation, unlike bars or foreign coins.
We're Smoked If US Doesn't Have It's Gold | Bill Holter
Liberty and Finance: 6-26-2025
Bill Holter warns that if the truth emerges that the U.S. has no gold, the entire global financial system could collapse, as it's built on the perceived security of U.S. Treasuries—once backed by gold.
He argues that U.S. Mint lineage coinage, like Gold and Silver Eagles, may offer legal protection from future government confiscation, unlike bars or foreign coins.
Holter also highlights a rapid global shift away from the U.S. dollar and Treasuries, with BRICS+ nations accelerating moves toward gold-backed trade settlement.
He stresses that owning physical gold and silver, especially junk silver for bartering, is crucial for preserving wealth during systemic breakdowns.
Finally, he urges newcomers to prepare for "The Great Taking," a potential legal seizure of assets, by understanding true ownership and holding wealth outside the traditional financial system
INTERVIEW TIMELINE:
0:00 Intro
1:42 US mint bulllion
7:33 Pre-33 gold coins
11:50 Dollar weakness
18:15 BRICS+ & gold
20:46 Mining stocks vs physical bullion
22:00 Personal property
23:15 Preparedness
Seeds of Wisdom RV and Economic Updates Friday Morning 6-27-25
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BRICS Summit Shaken as Xi Jinping and Putin Skip Key Brazil Meeting
By Watcher.Guru | June 2025
The upcoming BRICS summit in Rio de Janeiro has plunged into uncertainty after it was confirmed that both Chinese President Xi Jinping and Russian President Vladimir Putin will not attend. Their absence—unprecedented in the bloc’s history—raises serious concerns about the leadership cohesion and future direction of the expanded alliance.
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BRICS Summit Shaken as Xi Jinping and Putin Skip Key Brazil Meeting
By Watcher.Guru | June 2025
The upcoming BRICS summit in Rio de Janeiro has plunged into uncertainty after it was confirmed that both Chinese President Xi Jinping and Russian President Vladimir Putin will not attend. Their absence—unprecedented in the bloc’s history—raises serious concerns about the leadership cohesion and future direction of the expanded alliance.
No-Show: ICC Warrant Disrupts Attendance
Russian President Vladimir Putin will not attend the July 6–7 summit due to the International Criminal Court (ICC) arrest warrant issued against him in March 2023. The warrant, tied to allegations of war crimes involving the deportation of Ukrainian children, legally obliges Brazil, an ICC member, to detain him if he enters the country.
“This is related to certain difficulties in the context of the ICC’s demands,” said Russian foreign policy aide Yuriy Ushakov. “The Brazilian government was unable to take a clear position that would allow our president to participate.”
Putin will instead join virtually, while Foreign Minister Sergey Lavrov leads Russia’s in-person delegation. This continues Putin’s avoidance of ICC member states—he also skipped the G20 in Brazil last year.
Xi Jinping Breaks Decade-Long Attendance Streak
In a historic first, Xi Jinping will not attend the BRICS summit—a major shift for the Chinese leader who has been present at every summit since assuming power. Instead, Premier Li Qiang will represent China, as he did during the 2023 G20 summit in India.
Officially, Beijing cites a scheduling conflict, but reports suggest deeper reasons:
▪️ Diplomatic sources hint at displeasure over Brazil’s warm reception of Indian PM Narendra Modi, potentially seen as undermining Xi’s role.
▪️ Xi previously met with Brazilian President Luiz Inácio Lula da Silva twice in 2024, raising expectations of a reciprocal visit.
Brazil Left Scrambling Amid Leadership Crisis
Brazilian officials have expressed clear disappointment as the summit host country, calling this a “BRICS leadership crisis.” President Lula’s May trip to Beijing was intended as a goodwill gesture to strengthen ties.
Despite Xi’s absence, China’s Foreign Ministry voiced support for the summit:
“In a volatile and turbulent world, BRICS nations maintain their strategic resolve and work together for global peace, stability, and development,” said ministry spokesperson Guo Jiakun.
Yet behind the diplomacy, the absence of both Putin and Xi has created an unmistakable vacuum at the top of the BRICS bloc.
Unity in Question as BRICS Expands
With the recent expansion of BRICS to include Egypt, Ethiopia, Iran, and the UAE, the bloc faces new complexity in aligning its geopolitical interests. But the absence of its two most prominent leaders—one for legal reasons, the other for diplomatic concerns—underscores the fragility of BRICS’ unity.
The dual absence “exposes the limits of international cooperation under pressure from legal and geopolitical constraints,” said one analyst.
“It weakens the bloc’s ability to present a united front in contrast to Western institutions.”
What Lies Ahead?
Though the summit will proceed, led by Li Qiang and Sergey Lavrov, the leadership void casts a long shadow. The BRICS initiative—long positioned as an alternative to U.S.-dominated global systems—now faces deeper questions:
▪️ Can the bloc maintain coherence with rising internal tensions?
▪️ Will future summits restore full leadership participation?
▪️ And how will these developments impact BRICS’ long-term role in shaping a multipolar global order?
For now, the Rio summit may proceed, but the tone is cautious, not triumphant.
@ Newshounds News™
Source: Watcher Guru
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Where are Metals Headed Amid Geopolitical Chaos: Andy Schectman
Where are Metals Headed Amid Geopolitical Chaos
Liberty and Finance: Andy Schectman: 6-25-2025
In a recent exclusive interview with Liberty and Finance, Andy Schectman provided a detailed breakdown of the escalating tensions between Iran, Israel, and the United States.
The ongoing conflict has significant implications for global stability and the precious metals markets. As the situation continues to unfold, it is essential to understand the potential consequences of these rising tensions.
Where are Metals Headed Amid Geopolitical Chaos
Liberty and Finance: Andy Schectman: 6-25-2025
In a recent exclusive interview with Liberty and Finance, Andy Schectman provided a detailed breakdown of the escalating tensions between Iran, Israel, and the United States.
The ongoing conflict has significant implications for global stability and the precious metals markets. As the situation continues to unfold, it is essential to understand the potential consequences of these rising tensions.
The Middle East has long been a hotbed of geopolitical activity, with various nations vying for power and influence. The current tensions between Iran, Israel, and the US are rooted in a complex web of historical, cultural, and economic interests.
Iran’s now-crippled nuclear program, Israel’s concerns about national security, and the US’s role as a global superpower have all contributed to the escalating conflict.
The rising tensions between these nations pose a significant threat to global stability. A potential conflict could have far-reaching consequences, including disruptions to global trade, increased terrorism, and a heightened risk of cyberattacks. The impact on the global economy could be severe, with potential losses in the trillions of dollars.
In times of geopolitical uncertainty, investors often turn to precious metals as a safe haven. Gold, silver, and other precious metals have historically performed well during periods of conflict and economic instability.
As the situation in the Middle East continues to deteriorate, investors may increasingly seek out these assets as a hedge against potential losses.
Andy Schectman’s interview with Liberty and Finance provides valuable insights into the current situation and its potential implications for the precious metals markets. With his expertise in the field, Schectman offers a nuanced understanding of the complex factors at play and the potential consequences of the rising tensions.
For a deeper understanding of the geopolitical chaos involving Iran, Israel, and the US, and its potential impact on global stability and precious metals markets, watch the full video interview with Andy Schectman on Liberty and Finance.
The interview provides a comprehensive analysis of the situation and offers valuable insights for investors and individuals concerned about the potential consequences of the escalating conflict.
In conclusion, the rising tensions between Iran, Israel, and the US have significant implications for global stability and the precious metals markets. As the situation continues to unfold, it is essential to stay informed and adapt to the changing landscape.
By watching the full interview with Andy Schectman and staying up-to-date on the latest developments, individuals can better navigate the complex and rapidly evolving geopolitical environment.
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 6-26-25
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BRICS Inspires 15 African Nations to Adopt Homegrown Payment System
By Watcher.Guru | June 2025
Africa is now taking a decisive step toward de-dollarization, inspired by the BRICS bloc. A group of 15 African countries has turned to the Pan-African Payments and Settlements System (PAPSS)—a homegrown payment network that allows trade settlements in local currencies, bypassing the US dollar entirely.
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BRICS Inspires 15 African Nations to Adopt Homegrown Payment System
By Watcher.Guru | June 2025
Africa is now taking a decisive step toward de-dollarization, inspired by the BRICS bloc. A group of 15 African countries has turned to the Pan-African Payments and Settlements System (PAPSS)—a homegrown payment network that allows trade settlements in local currencies, bypassing the US dollar entirely.
Key Highlights:
▪️ 15 African nations, including Kenya, Malawi, Tunisia, and Zambia, are using PAPSS to settle trade.
▪️ 150+ commercial banks are now connected to PAPSS.
▪️ The system can cut foreign exchange costs from 10–30% down to just 1%.
▪️ PAPSS leverages regional currencies like the Nigerian naira, Ghanaian cedi, and South African rand.
▪️ Estimated $5 billion in savings in FX costs if scaled across Africa.
PAPSS: Africa’s Answer to the US Dollar
PAPSS—created to enable real-time gross settlement of cross-border transactions—is becoming the financial backbone of intra-African trade. It reduces reliance on USD, which traditionally dominated African trade deals due to lack of direct currency convertibility.
With BRICS as its model, PAPSS aims to shift African economies toward currency sovereignty. It eliminates the need for costly third-party currencies and reinvests saved foreign exchange into local development.
“A trade worth $200 million in USD could cost up to 30% in FX fees. PAPSS drops that to just 1%.”
A Growing Threat to USD Dominance
The Pan-African system mirrors the BRICS vision: creating a multipolar financial world with decentralized currency power. In fact, BRICS itself is exploring a similar platform, aligning closely with PAPSS to reduce reliance on Western-led financial systems.
As more countries across Africa adopt PAPSS, the pressure on the U.S. dollar’s international dominance will only increase. Combined with BRICS initiatives, the global financial structure is pivoting toward regional cooperation and currency independence.
The Big Picture:
Africa’s use of PAPSS is a quiet revolution that could become one of the most significant economic stories of the decade. By bypassing the dollar, reducing transaction costs, and increasing autonomy, Africa is joining a global movement toward local currency empowerment—one spearheaded by BRICS and now embraced continent-wide.
The future of trade may not revolve around the dollar, but around locally-led, digitally connected networks like PAPSS.
@ Newshounds News™
Source: Watcher Guru
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Why Nations Are Moving Gold Out of the U.S. and Back Home
Why Nations Are Moving Gold Out of the U.S. and Back Home | Peter Boehringer
Kitco News: 6-26-2025
Central banks around the world are accelerating a quiet but powerful shift — pulling their gold reserves out of U.S. and foreign custody.
Germany led this move over a decade ago, repatriating 674 tonnes of gold from the Federal Reserve and Banque de France. Now others are following. Why?
In this exclusive Kitco News interview, Jeremy Szafron speaks with Peter Boehringer, Member of the German Bundestag and former Chair of the Budget Committee, who spearheaded Germany’s gold repatriation.
Why Nations Are Moving Gold Out of the U.S. and Back Home | Peter Boehringer
Kitco News: 6-26-2025
Central banks around the world are accelerating a quiet but powerful shift — pulling their gold reserves out of U.S. and foreign custody.
Germany led this move over a decade ago, repatriating 674 tonnes of gold from the Federal Reserve and Banque de France. Now others are following. Why?
In this exclusive Kitco News interview, Jeremy Szafron speaks with Peter Boehringer, Member of the German Bundestag and former Chair of the Budget Committee, who spearheaded Germany’s gold repatriation.
Boehringer breaks down why trust, control, and monetary sovereignty are pushing countries to rethink their reserve strategies — and why this trend is only gaining speed in 2025.
Key topics:
-Germany’s gold repatriation: why it began and how it unfolded
-The risks of outsourcing custody to the U.S. and U.K.
-OMFIF 2025 survey: 70% of central banks cite U.S. instability as a concern
-Why more central banks are buying gold and reducing dollar exposure
-Is a sovereign gold movement underway?
-Could gold become a new anchor of credibility in a fragmenting world?
-The future of the euro, digital currencies, and Bitcoin in national reserves
00:00 Introduction
01:57 Germany's Gold Repatriation
04:05 Concerns About Foreign Gold Custody
07:21 Audit and Transparency Issues
13:32 Global Gold Movement
18:25 Euro and Global Reserve Dynamics
21:12 Germany's Fiscal Policy and Gold Reserves
23:50 Germany's Missed Gold Opportunity
24:54 Bitcoin vs. Gold: A Libertarian Perspective
25:18 The Future of Sovereign Crypto Reserves
25:48 Gold's Historical Value and Bitcoin's Uncertainty
27:25 Challenges of Using Gold to Offset National Debt
30:43 The Independence of Central Banks
32:14 The Case for a European Gold Depository
36:44 Central Bank Digital Currencies: A Dystopian Future?
42:06 Public Influence on Gold Repatriation
43:25 Gold Market Dynamics and Central Bank Strategies
44:43 Conclusion
Seeds of Wisdom RV and Economic Updates Thursday Morning 6-26-25
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U.S. Regulator Orders Fannie Mae, Freddie Mac to Consider Crypto in Mortgage Risk Assessments
By Cointelegraph | June 2025
In a major development for crypto adoption in real estate, the Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to begin evaluating cryptocurrency as an asset class in their single-family mortgage loan risk assessments.
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U.S. Regulator Orders Fannie Mae, Freddie Mac to Consider Crypto in Mortgage Risk Assessments
By Cointelegraph | June 2025
In a major development for crypto adoption in real estate, the Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to begin evaluating cryptocurrency as an asset class in their single-family mortgage loan risk assessments.
Crypto Assets May Soon Count Toward Mortgage Applications
FHFA Director William J. Pulte issued the directive in a formal letter this week, stating the government-sponsored enterprises (GSEs) must:
“Prepare a proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments, without conversion of said cryptocurrency to U.S. dollars.”
This marks the first time U.S. housing authorities have opened the door to counting crypto holdings as qualifying assets for mortgage applications, a move that could reshape risk models and eligibility standards for millions of Americans.
Eligibility Limited to Regulated Crypto Holdings
The guidance includes a critical restriction:
Only cryptocurrencies that are:
▪️ Evidenced and stored on U.S.-regulated centralized exchanges
▪️ Subject to all applicable federal laws and compliance standards
will be considered under the new proposal.
This standard excludes unhosted wallets and decentralized platforms, underscoring regulators’ desire for traceability and compliance within the financial system.
Aligns With Trump Administration’s Pro-Crypto Agenda
Director Pulte noted that the shift toward crypto inclusion follows “significant studying” by the agency and aligns with Donald Trump’s stated goal of making the U.S. the “crypto capital of the world.”
The FHFA has been overseeing Fannie Mae and Freddie Mac since both were placed into conservatorship following the 2008 financial crisis. These institutions have since played a central role in stabilizing the mortgage market by buying loans from private lenders, which frees up capital for more lending.
Part of a Broader Crypto Integration Trend
This development is just the latest sign of crypto gaining traction in traditional finance. Recent headlines include:
▪️ JPMorgan’s plans to let select wealth clients use Bitcoin ETFs as collateral
▪️ Circle’s USDC stablecoin being approved as eligible collateral for futures trading starting next year
▪️ Crypto-backed mortgages becoming more common, with firms like Ledn enabling clients to leverage Bitcoin and Ether to purchase real estate without liquidating holdings
“Many Bitcoin holders have already used their digital assets as collateral to purchase property,” said Mauricio Di Bartolomeo, co-founder of Ledn.
Bottom Line:
The FHFA’s crypto guidance for Fannie Mae and Freddie Mac marks a pivotal turning point. If implemented, it could allow crypto-savvy borrowers to leverage their digital assets directly for homeownership, without having to convert to cash—a key win for holders, and another step toward mainstream crypto integration.
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@ Newshounds News™
Source: Cointelegraph
~~~~~~~~~
Russia Declares Digital Ruble Mandatory for Major Banks and Retailers
By The Coin Tribune | June 2025
Russia is no longer testing its central bank digital currency (CBDC)—it is mandating it. In a sweeping shift, Moscow has ordered that the digital ruble become a compulsory component of its financial and commercial infrastructure, marking a new era of centralized monetary control and programmable currency.
Key Directives:
▪️ By September 1, 2026, all major Russian banks and retailers generating over 120 million rubles (~$1.9 million USD) must support digital ruble payments.
▪️ Full implementation by 2028, eventually reaching nearly all businesses.
▪️ Goal: Strengthen state control over domestic financial flows and reduce reliance on foreign payment systems.
From Pilot to Policy: A Tectonic Monetary Shift
What began as a controlled experiment is now a national directive. The Bank of Russia has released a structured rollout plan:
2026: Largest banks and high-revenue retailers begin integration.
2027: Obligations expand to all licensed banks and businesses with revenue above 30 million rubles.
2028: Mandatory use reaches nearly the entire commercial sector, excluding only very small enterprises.
Russia’s plan to shift its entire economic infrastructure toward the digital ruble reflects not just a technical evolution, but a political statement. The digital currency is not merely a payment tool—it’s a state-controlled, programmable financial system that could track, restrict, or block transactions in real time.
“The obligation is clear, calibrated, progressive, and relentless.”
A Tool of Power—Not Just Progress
This move is as ideological as it is economic. In the face of Western sanctions, Moscow sees the digital ruble as a pathway to financial sovereignty and geopolitical insulation. But critics warn it comes at a steep cost:
▪️ Unlike decentralized cryptocurrencies like Bitcoin, the digital ruble is traceable, programmable, and blockable.
▪️ It offers the state unprecedented control over private financial behavior.
▪️ Universal QR codes issued by Russia’s National Payment Card System will serve as the primary interface for consumers and merchants.
Though officials cite efficiency and modernization, the real power lies in surveillance and regulation—a far cry from the decentralization ethos of blockchain technology.
Delayed Launch, Strategic Calculations
Originally scheduled for July 2025, the launch has been postponed to mid-2026, not only due to technical adjustments but to manage institutional resistance and political friction. The central bank is walking a fine line between ensuring adoption and avoiding systemic disruption.
Bottom Line:
Russia is embarking on one of the world’s most ambitious national CBDC rollouts—not by suggestion, but by decree. This isn't just about embracing digital currency; it's about building a monetary firewall, one that empowers the state and potentially restricts individual freedom.
As the digital ruble becomes mandatory, Russia is redefining the role of money in society—and raising questions globally about the future of financial autonomy in an era of programmable currency.
@ Newshounds News™
Source: Cointribune
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De-dollarization has been Quietly Rolling
De-dollarization has been Quietly Rolling
Gold Telegraph: 6-24-2025
BREAKING NEWS: ONE OF THE COPPER MARKET’S BIGGEST-EVER SQUEEZES IS UNFOLDING ON THE LONDON METAL EXCHANGE
The glue of the economy. The biggest story you probably have not heard of.
“Spot copper traded at a $345-a-ton premium to three-month futures on Monday…”
De-dollarization has been Quietly Rolling
Gold Telegraph: 6-24-2025
BREAKING NEWS: ONE OF THE COPPER MARKET’S BIGGEST-EVER SQUEEZES IS UNFOLDING ON THE LONDON METAL EXCHANGE
The glue of the economy. The biggest story you probably have not heard of.
“Spot copper traded at a $345-a-ton premium to three-month futures on Monday…”
The United States now faces the prospect of foreign nations repatriating $245 billion worth of gold. Countries around the world are sending America a big message. Remember this if you see negative press on gold in the main stream media.
BREAKING NEWS: THE CUSTODIANS OF TRILLIONS OF DOLLARS OF GLOBAL CENTRAL BANK RESERVES ARE EYEING A MOVE AWAY FROM THE GREENBACK INTO GOLD ACCORDING TO THE OMFIF
The trend continues…
“Gold seen as biggest winner from dollar diversification…”
Just wow. @judyshel
The interest payments on US debt = 3% of the United States GDP.
Judy Shelton: Powell asked if he is worried about high cost of financing U.S. national debt? No comment, he pleads, because that would be commenting on a fiscal matter.
If the head of the Federal Reserve can’t grasp how monetary policy helps enable the national debt in America… You have a problem.
Germany and Italy hold the world’s second and third-largest gold reserves, right behind the United States, and they are making moves to repatriate it. Meanwhile, we all know China owns more than they disclose. The U.S? They keep promising to audit Fort Knox. The stage is set.
As @LukeGromen points out, why are central banks suddenly so vocal about piling into gold and easing away from the dollar? The de-dollarization trend has been quietly rolling for years, with gold at its heart. It was initially mocked because physical gold is the one thing the West can’t print or sanction. That represents a threat to the current system.
1971: The U.S. ditched gold tied directly to the system because it couldn’t cover its promises.
2025: The promises are bigger, and the creditors are watching.
Gold Telegraph: President Nixon “temporarily” suspended the gold standard in 1971 because the U.S. couldn’t cover foreign dollar claims. Today, The U.S. holds just over $800 billion in gold, which has NOT been audited, but owes over $7 trillion to foreign creditors. Just think about this for a second.
BREAKING NEWS: CHINESE COPPER SMELTERS RAMP UP EXPORTS TO ESCAPE SQUEEZE ON THE LONDON METAL EXCHANGE.
Things are getting intense… The glue of the economy.
“At least 30,000 tons of copper from smelters including Jiangxi Copper and Tongling Nonferrous Metals Group are poised to be delivered to LME warehouses…”
Source(s): https://x.com/GoldTelegraph_/status/1937163508619067712
https://dinarchronicles.com/2025/06/25/gold-telegraph-de-dollarization-has-been-quietly-rolling/
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 6-25-25
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BIS: Stablecoins Fail as Money, Call for Strict Limits on Their Role
By Cointelegraph | June 2025
The Bank for International Settlements (BIS) has issued a sharp critique of stablecoins, asserting they fail to meet key monetary standards and pose risks to financial integrity and sovereignty.
According to the newly released BIS Annual Economic Report 2025, stablecoins fall short of three essential criteria that define money in a modern financial system: “singleness,” “elasticity,” and “integrity.”
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BIS: Stablecoins Fail as Money, Call for Strict Limits on Their Role
By Cointelegraph | June 2025
The Bank for International Settlements (BIS) has issued a sharp critique of stablecoins, asserting they fail to meet key monetary standards and pose risks to financial integrity and sovereignty.
According to the newly released BIS Annual Economic Report 2025, stablecoins fall short of three essential criteria that define money in a modern financial system: “singleness,” “elasticity,” and “integrity.”
“Stablecoins perform poorly when assessed against the three tests for serving as the mainstay of the monetary system,” the BIS wrote.
Rather than functioning as true money, stablecoins are described as “digital bearer instruments” that more closely resemble financial assets.
Three Failures: Singleness, Elasticity, and Integrity
• Singleness: Central bank-issued money is accepted at par and universally trusted. In contrast, stablecoins are issued by private entities and often trade at fluctuating rates, undermining monetary uniformity.
• Elasticity: Traditional banking systems allow for liquidity expansion as needed. By contrast, the BIS noted, stablecoins require full upfront payment, making them a “strict cash-in-advance setup” ill-suited for absorbing market shocks or handling high-volume payments.
• Integrity: The report raised the most serious concerns about financial crime.
Stablecoins, especially those used with unhosted wallets on public blockchains, were flagged as vulnerable to money laundering, sanctions evasion, and terrorist financing.
“Stablecoins have significant shortcomings when it comes to promoting the integrity of the monetary system,” the BIS warned.
Stablecoins Should Play a Limited Role
Despite recognizing the appeal of stablecoins—particularly for cross-border transactions and lower fees—the BIS advised that their role in the financial system be strictly limited and tightly regulated.
“Society can re-learn the historical lessons about the limitations of unsound money,” the report cautioned.
“Bold action by central banks and other public authorities can push the financial system along the right path.”
Market Impact and Crypto Reactions
Following the BIS report, Circle (CRCL)—issuer of USDC—saw its stock drop over 15%, closing at $222 on Tuesday after hitting a record high of $299 the day before.
The crypto community responded critically.
Jim Walker, chief economist at Aletheia Capital, remarked:
“The BIS is hysterical in its opposition to crypto. The first criterion—being backed by a central bank—should make it a laughing stock given the historical failures of those institutions.”
Tokenization Praised
Not all digital finance was dismissed. The BIS praised tokenization as a “transformative innovation”, calling it a promising path for next-generation monetary infrastructure.
Rather than replacing the financial system, tokenization was described as building upon it—a nuanced but important distinction from the harsh critique of stablecoins.
@ Newshounds News™
Source: Cointelegraph
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GENIUS Act May Be Tied to CLARITY Bill in the U.S. House: A Turning Point for Crypto Regulation
By Coinpedia | June 2025
The U.S. House of Representatives is considering merging two landmark crypto bills—the recently passed GENIUS Act and the CLARITY Act—into a single legislative package that could reshape digital asset regulation across the United States.
“Together, these two bills could finally bring the structure and national guidelines the crypto industry has long demanded.”
What’s Happening?
▪️ The GENIUS Act (Government-Enacted National Infrastructure for Uniformity in Stablecoins) passed the Senate on June 17 with a 51–23 vote—marking the first major crypto bill to clear the chamber.
▪️ In the House, Republican Majority Whip Tom Emmer is now leading efforts to tie the GENIUS Act to the CLARITY Act (Digital Asset Market Clarity Act of 2025), which has already cleared the House Financial Services Committee and awaits a full vote.
Emmer believes passing both bills together is the only way to bring “a full and unified framework” to the U.S. crypto ecosystem.Why the CLARITY Act Matters
The CLARITY Act would clearly define how digital assets are categorized—such as securities vs. commodities—and outline federal rules for usage, trading, and issuance of crypto tokens across all 50 states.
Currently, crypto firms face a patchwork of conflicting state regulations, slowing innovation and increasing compliance costs. By creating one national rulebook, the combined legislation would unlock a simpler, safer environment for businesses and consumers alike.
Trump’s Push for Quick Passage
Former President Donald Trump has publicly urged the House to pass the GENIUS Act as-is, without adding the CLARITY Act. His supporters argue that swift action is needed to give stablecoin issuers regulatory clarity.
But critics, including Democratic lawmakers, see political risks. Trump has ties to World Liberty Financial, a stablecoin project, and some allege he stands to benefit personally if the law passes in its current form.
Political Pushback: The COIN Act
In response, Senator Adam Schiff introduced the COIN Act (Curbing Officials’ Income and Nondisclosure) on June 23, aiming to prevent presidents, vice presidents, and senior officials from profiting through crypto while in office or shortly after.
Schiff’s proposal adds another layer of complexity—and raises questions about whether crypto regulation can proceed without addressing potential political conflicts of interest.
What Most People Don’t Know
If passed, the merged bills could eliminate the need for crypto startups to navigate 50 different legal systems, significantly lowering the barrier to entry for innovation in the U.S.
For users, this could mean wider access to digital assets, fewer transaction barriers, and greater consumer protections—all under one consistent national framework.
Bottom Line:
The merging of the GENIUS and CLARITY Acts represents a critical moment for crypto legislation in the U.S. While support is growing for comprehensive regulation, political tensions and personal interests could complicate the path forward.
@ Newshounds News™
Source: Coinpedia
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India Reveals New Details About BRICS Currency: Launch Still Years Away
By Watcher Guru | June 2025
The much-anticipated BRICS common currency, once touted as an imminent challenger to the U.S. dollar, remains far from launch. Despite attention-grabbing announcements and mock-ups from leaders like Russian President Vladimir Putin, new statements from Indian officials reveal the project is still in its infancy.
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India Reveals New Details About BRICS Currency: Launch Still Years Away
By Watcher Guru | June 2025
The much-anticipated BRICS common currency, once touted as an imminent challenger to the U.S. dollar, remains far from launch. Despite attention-grabbing announcements and mock-ups from leaders like Russian President Vladimir Putin, new statements from Indian officials reveal the project is still in its infancy.
BRICS Currency Still in 'Very Early Stage'
India’s Sherpa and Secretary of Economic Relations, Dammu Ravi, has publicly acknowledged that the development of a BRICS currency is “at a very early stage.”
“The discussions are still in their nascent steps and have a long way to go for the formation,” Ravi stated.
Despite the BRICS bloc—Brazil, Russia, India, China, and South Africa—floating the idea as early as 2023, real progress remains limited. Ravi’s remarks suggest that a BRICS currency may take years—if not decades—to become reality.
Challenges Ahead: Framework, Consensus, and Central Bank
The formation of a common currency within a multi-nation bloc like BRICS is a consensus-based effort, meaning all member nations must agree on every element—from economic frameworks to geopolitical implications.
Key requirements still missing include:
▪️ A unified policy framework
▪️ A functioning central monetary authority or central bank
▪️ Clear guidelines for currency management and cross-border transactions
This level of coordination across five (or more) sovereign economies is complex and unprecedented.
Geopolitical Catalyst: U.S. Sanctions Sparked the Idea
The original push for a BRICS currency stemmed from a growing backlash against U.S. sanctions, particularly those impacting developing nations. The BRICS bloc began exploring alternatives to the dollar-dominated financial system, with currency independence seen as a strategic defense mechanism.
While the White House’s use of economic sanctions prompted this movement, U.S. policymakers shouldn’t dismiss the potential threat—even if the currency launches decades from now.
“Even if it is launched after 25 years, it still poses a threat to the U.S. dollar’s global supremacy,” the report notes.
A Symbol vs. Substance—For Now
At the 16th BRICS Summit in Kazan, Putin publicly showcased a mock-up BRICS banknote, sparking media speculation that the project was nearing launch. However, this now appears to have been more symbolic than substantive.
Despite over two years of discussion, the BRICS currency remains in the conceptual phase. India’s remarks signal that public hype may be running far ahead of institutional readiness.
Bottom Line:
While the idea of a BRICS currency continues to grab headlines and stir speculation, officials now admit the project is still in the brainstorming phase. The dream of challenging dollar dominance remains alive—but reality is still far over the horizon.
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Source: Watcher Guru
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Ledger Unveils 'Recovery Key' — A Tap-to-Recover Hardware Option for Crypto Wallets
As crypto adoption soars, Ledger introduces a new physical key to simplify wallet recovery while keeping self-custody secure.
Ledger has introduced Recovery Key, a new physical “spare key” designed to help users recover access to their crypto wallets with just a tap and PIN entry — no intermediary required.
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Ledger Unveils 'Recovery Key' — A Tap-to-Recover Hardware Option for Crypto Wallets
As crypto adoption soars, Ledger introduces a new physical key to simplify wallet recovery while keeping self-custody secure.
Ledger has introduced Recovery Key, a new physical “spare key” designed to help users recover access to their crypto wallets with just a tap and PIN entry — no intermediary required.
◾ The feature is specifically compatible with Ledger Flex and Ledger Stax, the company’s e-ink touchscreen wallet products.
◾ Recovery Key works via secure NFC wireless communication, leveraging the same hardware-grade security that powers Ledger’s main devices.
◾ Users can now pair Recovery Key with their existing 24-word seed phrases or opt to use Ledger Recover, the company’s encrypted key-splitting recovery service. All are optional.
A Modern Approach to Backup and Recovery
As crypto’s market cap grew by nearly $1 trillion over the past year, Ledger says the demand for secure, practical recovery tools is more urgent than ever.
◾ Users can generate an always-offline backup key, secured with its own PIN and stored on tamper-resistant hardware.
◾ There is no limit to the number of Recovery Keys users can create — each requires device-side confirmation.
◾ “Too many people are compromising by keeping their assets on exchanges and insecure software wallets,” said Ian Rogers, Ledger’s Chief Experience Officer.
“With Ledger Recovery Key we are making secure self-custody easy-to-use for everyone.”
Built for Transparency and Trust
Ledger emphasized that transparency and auditability are foundational to the new feature’s rollout.
◾ The Recovery Key’s code and whitepaper are publicly available for community review.
◾ It has passed multiple rounds of internal security testing, including scrutiny by Ledger’s in-house white-hat team, the Donjon.
◾ Third-party external security audits were also conducted, and Ledger reports “extremely positive feedback” from experts.
“We’re excited to reveal it to the world for even more feedback ahead of its launch,” said Ledger CTO Charles Guillemet.
Complementary Options: Recovery Key, Ledger Recover, or 24-Word Phrase
Ledger is expanding its self-custody toolkit by offering layered options that address the needs of different users without compromising on control.
◾ The new Recovery Key joins Ledger Recover, a paid service launched in 2023 that splits, encrypts, and stores seed phrases across multiple jurisdictions.
◾ Recovery Key is standalone and optional, and users may use one, both, or neither, depending on their security preferences.
◾ Despite community concerns about personal data and custodial risk, Ledger maintains that its multi-path recovery strategy offers flexibility and safety.
Ledger Surpasses 7.5 Million Devices Sold
The launch follows successful adoption of Ledger Stax and Ledger Flex, which helped drive total device sales past the 7.5 million mark. The Paris-based firm says its expanding ecosystem reflects growing global interest in secure self-custody tools.
@ Newshounds News™
Source: The Block
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Democrats Push COIN Act to Regulate Trump’s Crypto Influence
Senator Adam Schiff targets Donald Trump’s growing ties to crypto with a bill designed to curb political profiteering in digital assets.
Former President Donald Trump’s private dinner for memecoin holders has ignited a political backlash, triggering new legislation aimed at restricting crypto activity by political leaders. Democratic Senator Adam Schiff has introduced the COIN Act — Curbing Officials’ Income and Nondisclosure — to close what he calls an emerging loophole between digital finance and political power.
▪️ The COIN Act would bar current and former top U.S. officials from creating, promoting, or investing in cryptocurrencies, NFTs, or stablecoins during and for two years after their terms.
▪️ Schiff directly targets Trump’s alleged $57 million gains from the family-linked crypto platform World Liberty Financial (WLF).
▪️ The bill follows a Trump-hosted dinner that rewarded top holders of his personal memecoin.
Crypto Influence: A New Political Battleground
Senator Schiff warns that Trump’s crypto engagements mark a dangerous fusion of personal enrichment and institutional authority.
▪️ Schiff claims Trump is using crypto as “a lever for private financial gain” through World Liberty Financial, in which the Trump family held a majority stake before reducing it to 40%.
▪️ A controversial turning point: WLF’s launch of the USD1 stablecoin, later cited in a $2 billion Abu Dhabi investment announcement involving Binance.
▪️ Trump’s estimated $3 billion in digital assets — nearly 40% of his total net worth — raises red flags for Democrats who view this as financial soft power cloaked in populism.
“This is not just a tech issue — it’s a political integrity crisis,” Schiff said, framing the bill as a moral firewall between officeholders and DeFi ventures.
Democratic Counteroffensive: TRUMP in Crypto Act
Schiff is not alone in his push to draw a regulatory line. In the House of Representatives:
▪️ Maxine Waters has proposed the provocatively named TRUMP in Crypto Act, designed to explicitly ban political use of memecoins.
▪️ The bill’s timing? It dropped the same day Trump hosted his memecoin backers — a deliberate statement, not a coincidence.
Congressional Reality and Electoral Optics
Despite the bold proposals, both bills face major hurdles:
▪️ Democrats remain in the minority in Congress.
▪️ A presidential veto remains highly likely if either bill reaches Biden’s desk.
▪️ A two-thirds majority needed to override such a veto seems mathematically unreachable.
Still, Schiff and Waters are playing a longer game: influencing public opinion and reframing crypto as a 2024 campaign battleground.
Crypto: Campaign Currency or Conflict of Interest?
Trump’s crypto strategy, once seen as novel, now appears as a calculated expansion of influence and fundraising reach. Schiff sees crypto as:
▪️ A soft power tool used by political elites to reward loyalty.
▪️ A bypass around traditional financial disclosure norms.
▪️ A growing threat to transparency in both governance and elections.
“Crypto is no longer just code — it’s campaign capital, it’s a narrative weapon, it’s contested political territory.”
Conclusion: The Future of Political Crypto Regulation
The COIN Act and its House counterpart may struggle legislatively, but their symbolic value is growing. These proposals:
▪️ Reframe blockchain technology as a governance issue, not just a financial tool.
▪️ Signal that crypto oversight may soon become a partisan wedge issue.
▪️ Reflect the shifting reality: the blockchain is now electoral infrastructure.
@ Newshounds News™
Source: CoinTribune
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