Iraq Economic News and Points to Ponder Thursday AM 2-13-25

Prime Minister Adviser: The Government Has Taken Steps To Re-Promote The Manufacturing Industry
 
Economics |  09/02/2025  Mawazine News – Economy  The Financial Adviser to the Prime Minister, Mazhar Mohamed Saleh, confirmed that the  government has taken steps to re-promote the manufacturing. Saleh told the official agency:
 
"The advancement of the manufacturing industry of Iraq is a strategic issue of multiple dimensions, the  
first of which is: the industrial operator, whether small, medium or large, is one of the most important activities responsible for using 60% of the workforce." 

He pointed out that
 
     "eliminating sustainable unemployment requires economic diversification and the
     basics of diversification begins from the manufacturer construction of Iraq, and the
 
second: the partnership with the private sector comes to be an ideal solution to advance the industrial sector itself, whether this partnership is to provide financing and government support, partnership in ownership or capital And
 
this requires a balance between the public interest and the private interests, while ensuring the existence of a highly -governing transparent organizational environment that encourages effective cooperation in an integrated social market between the two parties, "noting that
 
"the partnership in management and ownership between the government and private sectors leads to
 
     stimulating innovation,
     technological development and
     encouraging research And development, as well as
     investment in advanced manufacturing technology such as
     automation,
     artificial intelligence and
     3D printing.  He stressed that
 
"the financing partnership represents the provision of financial support for small and medium enterprises that work in the field of manufacturing to find an optimal operating lever," explaining that
 
"the national development plan indicates efforts to rebuild the conversion industry pillars through real partnerships with the private sector, as
 
the state contributes to ensuring sovereign financing Manufacturing industries by 85%, while the
 
private industrial project bears 15% of the financing. 

 He continued that  "this financing strategy is devoted to financing industrial projects at five levels, foremost of which is the projects whose products are related to
 
     reconstruction and housing or pouring into the work of the path of development, then the
     pharmaceutical industries and the
     petrochemical industry and
     others," noting that
 
"the government's economic philosophy and according to the government curriculum is carried out On the partnership between the state and the market with the wide social security, and this is what makes it work according to the social market theory, which is a separation from economic liberalism and its risks.

And that
 
"a leadership bank has been established with the support of the state to provide small and medium loans to young people, and
 
this was preceded by a leadership initiative for the prime minister, which paved the way for this by providing thousands of loans to the youth sectors and moving their innovations," explaining that
 
"this will lead to encouraging the regulatory and investment environment of the country and adopting policies that encourage encouragement On competition, improve the business environment and reduce bureaucratic regulations that may hinder the process of manufacturing and accelerate it.     https://www.mawazin.net/Details.aspx?jimare=259469  

Minister Of Transport: Iraq Is A Distinguished International Corridor For The Countries Of The Region
 
Local     Yesterday, 17:40  Baghdad – WAA  Minister of Transport Razzaq Muhaibis Al-Saadawi confirmed, today, Wednesday, that Iraq is a distinguished international corridor for the countries of the region.
 
A statement by the ministry received by the Iraqi News Agency (INA) stated:
 
"Minister of Transport Razzaq Muhaibis Al-Saadawi met with the Secretary-General of the International Road Transport Union, Umberto de Pretto, to discuss the TIR project, and ways to facilitate the inter-trade process, which is one of the most important drivers of the global economy."
The statement added,
 
"At the beginning of the meeting, which was attended by the head of the Parliamentary Transport and Communications Committee, Zahra Al-Bajari, and the Director General of Passengers and Delegations, Karim Kazem Hussein, the Minister expressed his thanks to the delegation of the International Road Transport Union, which included the Secretary-General of the Union, Umberto de Brito, the Director of Strategic Development, Vincent Erard, the Director of International Road Transport Services (TIR), Tatiana Re-Bellet, and the Union's Middle East Affairs Advisor, Rami Qarout, for their support for Iraq's accession procedures to the TIR Convention, while he extended an invitation to the delegation to visit Baghdad and discuss joint cooperation."

Al-Saadawi stressed - according to the statement – that   "the Iraqi government, specifically the Ministry of Transport, is keen on the TIR project, as
 
it is an important project at the level of international trade movement, and
 
it is also reflected in the economies of the member states," noting that
 
"Iraq enjoys a strategic location linking the East and the West, and
 
therefore it is a distinctive international corridor for the countries of the region." He stressed
 
Iraq's keenness to "implement the requirements of the agreement, in conjunction with the ongoing work on the development road project, which
 
we seek to be one of the best global corridors for transporting goods, as
 
it will be the least expensive and safest."
 
In turn, Secretary-General Umberto de Pretto expressed his "thanks for the efforts of the Iraqi government to complete Iraq's accession to the International Land Union," considering that
 
"approval for the passage of vehicles through Iraq is very important." He stressed that
 
"expediting this process makes things better, adding that this project opens up broad horizons for Iraq," noting that
 
"TIR facilitates the trade process by 50%, and ensures the passage of vehicles with ease, and
 
the benefits resulting from it are greater, in light of the existence of enormous capabilities that enhance this."
 
At the end of the meeting, the President of the International Union expressed his "admiration for the topics raised on the discussion table, especially the issue of the international visa, and the possibility of benefiting from Iraqi expertise in the success and organization of the TIR work system."
 
It is noteworthy that the Minister of Transport, Razzaq Muhaibis Al-Saadawi, participated yesterday, Tuesday, in the work of the 87th session of the Inland Transport Committee (ITC) held in Geneva; where he delivered Iraq’s speech, in which
 
he reviewed the government’s projects regarding ways to enhance sustainable connectivity for regional inland transport, and enhance climate action for inland transport, which includes establishing concepts of climate justice, to reduce carbon emissions.   https://www.ina.iq/227874--.html  

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 2-13-25

Good Morning Dinar Recaps,

FED GOVERNOR: BANKS AND NON-BANKS SHOULD BE ABLE TO ISSUE STABLECOINS

Fed Governor Christopher Waller believes there should be a framework that allows banks and non-banks to issue regulated stablecoins.

According to a recent Bloomberg report, Waller stated that stablecoins have the potential to expand the reach of the U.S. dollar on an international scale. However, the scale and utility of stablecoins will depend on a clear set of regulations.

In a conference in San Francisco, Waller said the stablecoin market requires a regulatory framework that encompasses stablecoin risks “directly, fully, and narrowly” before financial institutions will be able to issue them.

“This framework should allow both non-banks and banks to issue regulated stablecoins and should consider the effects of regulation on the payments landscape,” said Waller.

Stablecoins are digital currencies known for their steady value because they are typically pegged to fiat currencies, most commonly the U.S. dollar or Treasury bills. Two of the largest stablecoins by market cap, USDT and USDC, are both pegged to the U.S. dollar.

Waller’s remarks echo those of Federal Reserve Chairman Jerome Powell in February last year. Powell expressed wholehearted support for the creation of a stablecoin framework in a meeting with the House Financial Services Committee, reiterating the Fed’s commitment to developing stablecoins and Central Bank Digital Currencies in the U.S. (However, Powell agreed there would not be a CBDC in the US during  a Congressional hearing this week)

More recently, Rep. Maxine Waters, the ranking Democrat on the House Financial Services Committee, introduced a proposal for stabelcoin oversight involving the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve.

Earlier this month, Republican Chair of the House Financial Services Committee, French Hill, had submitted a draft bill for stablecoin regulation, co-sponsored by Rep. Bryan Steil. In contrast to Water’s proposal, Hill’s bill grants stablecoin oversight to the OCC instead of the Federal Reserve.

This means that both Republican and Democratic lawmakers have introduced stablecoin regulations under the Trump administration.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

TEXAS LAWMAKERS REFILE BITCOIN RESERVE BILL, ADDING ROOM FOR MORE CRYPTO

The bill “would make our state the first to establish a Strategic Bitcoin Reserve and drive innovation, growth, and financial freedom,” said Senator Schwertner.

Texas lawmakers have refiled a strategic Bitcoin reserve bill under a slightly different name, opening the door to investments in other qualifying cryptocurrencies.

“SB 21 would make our state the first to establish a Strategic Bitcoin Reserve and drive innovation, growth, and financial freedom,” said Texas state Senator Charles Schwertner on Feb. 12.

He also thanked Lieutenant Governor Dan Patrick for designating his bill to establish the Texas Strategic Bitcoin Reserve “as one of the Senate’s top 40 priority bills.”

“I’ve been told by the Lt. Governor’s office multiple times that this bill is a major priority,” said Satoshi Action Fund founder Dennis Porter in a post on X.

SB 21 differs slightly from SB 778, a similar strategic Bitcoin reserve bill that the Republican politician announced in mid-January.

The earlier legislation only permits the state to buy and hold BTC as a strategic asset and prevents its use for other state operations unless explicitly authorized.

Schwertner refiled the legislation “for the purpose of investing in cryptocurrency and the investment authority of the comptroller of public accounts over the reserve and certain other state funds” on Feb. 12.

The bill establishes the reserve as an investment vehicle, allowing the state to actively buy, sell, and manage crypto assets for financial security and economic resilience.

It also permits investments in other digital assets but stipulates that they must have had a market capitalization of at least $500 billion for the past twelve months. Currently, only Bitcoin falls into this category.

SB 21 also gives more control to financial experts, while SB 778 places control in the hands of state legislators and has stricter security, oversight, and funding rules.

Riot Platforms vice president of research, Pierre Rochard, commented that the new legislative text for the Texas SBR “is very bullish,” before adding “It removes the annual buying limit of $500 million, the legislature can appropriate as much as it wants to save BTC.”

There are currently 19 US states with a bill proposed, while Arizona and Utah have advanced legislation beyond the House committee level.

The most recent state to propose a crypto bill was North Carolina, which filed for legislation this week to allow the state to invest in Bitcoin exchange-traded products. North Dakota, meanwhile, has rejected legislation regarding crypto investments.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Thursday Morning 2-13-2025

TNT:

Tishwash: Investments 2025: Economic renaissance under the umbrella of the general budget

Mazhar Muhammad Salih, financial and economic advisor to Prime Minister Muhammad Shia al-Sudani, confirmed today, Thursday, that investment projects for the year 2025 are an integral part of the investment section in the Federal General Budget Law.

He added in his statement to {Euphrates News} that "the three-year general budget was enacted to give the development policy sufficient flexibility in implementing investment projects without interruption, according to a flexible and rational vision that takes into account the indicators of the National Development Plan 2024-2028, and according to the available financing capabilities drawn up in the plan and the general budget together."  link

Tishwash:  Launching the implementation of the {Fursan} residential city.. and Al-Sudani: Iraq is facing a new industrial renaissance

Prime Minister Mohammed Shia Al-Sudani launched, today, Wednesday, the executive works for the development project of the Al-Fursan residential city in the Al-Nahrawan area in Baghdad, on an area of ​​approximately (24,197) dunums, which includes the allocation of serviced residential lands distributed to members of the Ministry of Defense.

Al-Sudani handed over land ownership deeds to a number of families of martyrs from the armed forces.

Al-Sudani appreciated the efforts of the Ministry of Defense and other ministries supporting the launch of this project, stressing the work to provide serviced residential plots in the rest of the governorates, and directing the generalization of this experience to members of the rest of the other security agencies, indicating that the Knights City project will be implemented by the real estate developer and planned and implemented by the Ministry of Defense, with the support of the Ministry of Construction, Housing, Municipalities and Public Works, with the developer company obligated to implement with full specifications, and construct part of the basic services such as schools, health centers and service departments. 

He explained that the project is one of the government's paths to address the housing crisis, and a model in the governorates to include all members, officers and leaders of the Ministry of Defense, stressing that the government left the issue of distributing residential lands without infrastructure services, or designs that are appropriate for modern cities and various requirements.

Al-Sudani referred to the residential cities that will be implemented for the members of the armed forces, including the Al-Ghazlani City project in Mosul, and another city in Basra, in addition to laying the foundation stone for the 6th of November City in Taji, to cover the needs of housing units for citizens and members of the security services.

The following are the most important points made by the Prime Minister:

- The Ministry of Defense personnel defended the greater homeland, and we must provide them with a small homeland represented by a residential plot of land and decent services. 

We have a new city, “City of Roses,” at the level of a new governorate. It was referred to the investor, and we completed the contracts and its design, and implementation began.

- More than 110,000 housing units will be completed in “City of Roses”, which is 3 km away from the “City of Knights” residential project.

There is a 17 km road under construction, linking central Baghdad to the new residential cities and reaching the city of roses.

- Within the Baghdad Metro plan, new residential cities have been linked, and we are in the process of negotiating with international companies to implement this vital project.

The government has taken into consideration the advance planning for the next 30 years regarding the provision of services, means of transportation and a road network.

I renew the call to the private sector and businessmen to proceed with the implementation of housing projects and real estate development in Baghdad and the governorates, and the government will provide all facilities.

We call on the private sector to establish construction materials factories in light of the great urban renaissance in the country, as what is available does not cover the actual need.

The number of housing units in projects signed by the government has exceeded one million units.

The sovereign guarantees provided to the private sector confirm that Iraq is facing a new industrial renaissance for the emergence of national factories that cover the needs of the market.

The government is obligated to provide basic services such as sewage networks, drinking water, electricity, communications, and roads. link

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

Russia: We were about to complete important energy projects in Iraq, but the events of 2004 led to their suspension

Elbrus Kotrashev, the Russian Federation's ambassador to Iraq, confirmed that the decision to evacuate hundreds of Russian experts from Iraq in 2004 came after Russian teams working in the country were directly exposed to terrorist attacks.

During his interview on the "Qasary Al-Qawl" program with Salam Musafir on RT Arabic, on the occasion of "Diplomats' Day," he explained that "these attacks resulted in the martyrdom and injury of a number of experts, including Iraqis, which prompted the Russian authorities to take the decision to evacuate to protect the lives of its citizens."

"Russian companies were about to complete important projects in Iraq that began before 2003, especially in the energy sector, but the painful security events that occurred in 2004 led to the suspension of these projects and the evacuation of more than 900 Russian experts," Kotrashev added.

He continued: "After that, there was a long interruption in cooperation due to the turbulent security situation, but we want to continue the work and complete it successfully, especially since we are witnessing the suffering of the Iraqi people due to the scarcity of electricity."

Despite these challenges, the Russian ambassador stressed that relations between Baghdad and Moscow, which date back 80 years, are still strong and distinctive at all levels, describing them as going through their most beautiful stages in terms of the level and strength of cooperation. He pointed out that cooperation between the two countries covers multiple fields, including energy, education and culture.

Regarding cultural exchange, Kotrashev expressed Moscow's desire to open a Russian cultural center in Iraq, as it was during the Soviet era, explaining that the delay in this step is due to logistical reasons, not political or economic. He also spoke about educational cooperation between the two countries, noting that the number of Iraqi students in Russian universities ranges between 2,500 and 4,000 students.

Regarding cooperation in the energy sector, the ambassador pointed out that Russian investments in the Iraqi oil and gas sector amount to about $20 billion, and may be more. He stressed that Russia leads oil investments in Iraq, surpassing the United States and China, expressing his optimism about the possibility of expanding these investments in the future.

Regarding the possibility of a visit by a senior Russian official or President Putin to Iraq, Kotrashev said: “I hope the visit will be great, and I expect a warm welcome from the Iraqi government and people, but I do not know if it will happen soon because the president is busy with domestic and international issues.” link

Mot: . and then theres This!!!! – LOL 

Mot: Ya Need a Heart!!!! 

Iraq Economic News and Points to Ponder Wednesday Afternoon 2-12-25

America Stops The Monetary Dollar On Iraq: Does The Dollar Rise Against The Dinar?
 
February 12, 2025 Last update: February 12, 2025  Independent/- In a surprising step, reports indicate that the  United States of America decided to stop sending the cash dollar to Iraq, a decision that may have profound implications for the Iraqi economy and its financial market.
 
This shift raises many questions about its impact on the value of the Iraqi dinar, currency markets, and the local banking sector.

What is the cash dollar?  The cash dollar indicates the money that is financially sent to Iraq by the United States, usually through banks or through other economic mechanisms.
 
This cash flow was playing an important role in supporting the Iraqi economy, especially in light of the economic challenges facing the country.
 
The reason for the American decision
 
The sources indicate that the American decision comes in the context of economic and diplomatic pressures on Iraq, which includes issues related to the national economy and monetary policies.
 
Some reports also indicate that the United States may seek to reduce the use of the dollar in Iraqi financial transactions, in an attempt to enhance the stability of the local currency and reduce dependence on foreign currencies.
 
The impact of the decision on the Iraqi dinar
 
This decision is expected to lead to noticeable fluctuations in the local currency market.
 
The US dollar is considered one of the basic currencies that are traded in Iraq, and
 
its cash flow stopped may lead to a lack of supply, which may push the dollar to rise against the dinar.
 
The impact of the rise on the Iraqi market
 
Increasing the value of the dollar may lead to high prices in the Iraqi market, which exacerbates the burden of inflation and affects the ability of citizens to buy basic commodities.
 
This may also indirectly affect economic activity, especially in sectors that depend heavily on import.
 
Are there solutions?
 
The Iraqi government will have a major challenge in dealing with these developments.
 
The next stage may require the development of new economic and financial strategies to alleviate the impact of sudden changes in currency rates.

It is necessary that there be a trend towards strengthening the Iraqi dinar and diversifying the sources of the national economy away from the great dependence on the dollar.
 
Conclusion
 
With these developments, it will be important to follow the effects of this decision in the short and long term.  Iraq needs decisive steps to secure the stability of its national currency and protect its economy from the repercussions of the decision to stop the monetary dollar.  https://mustaqila.com/أمريكا-توقف-الدولار-النقدي-على-العراق/  

Protecting The Financial System Is A Priority For The Central Bank

Samir Al-Nusairi   Some media outlets, social media networks and non-specialist analysts have begun to return to their analyses and statements to frighten citizens about US decisions to tighten economic sanctions on Iran.

We must make it clear here that Iraq's top priority is to protect its national economy, financial system and monetary system from international or American economic sanctions imposed on some countries. And its priority, according to its financial and monetary policies, is to avoid being a party to that.

This is well known to the US Treasury, international organizations, and international auditing and regulatory bodies, that "the Iraqi economy faced many crises and challenges, extending to the years before 2023, but the government, the Central Bank of Iraq, and the banking sector faced them wisely, harmoniously, and with high coordination, in order to know and determine the causes of these crises, and what are the solutions and treatments for the purpose of overcoming them quickly,"

as the Central Bank began at the beginning of 2023, using many procedures, such as using the electronic platform application, for foreign transfers in compliance with international standards and controls, which were represented by organizing the financing of foreign trade in directions that make the Iraqi banking sector regulated by international banking standards.

And that "these measures were fruitful during 2023 and 2024, and his policy of opening accounts in solid foreign correspondent banks for banks that lacked these banks succeeded.

The Financial Action Task Force (FATF), the US Treasury, the International Monetary Fund and the World Bank have commended the Central Bank’s measures in overcoming most of the comments, confirming the transparency of foreign transfers, and moving to cancel the platform and direct dealings between our banks and correspondent banks under the direct supervision of the supervisory bodies for foreign transfers and ensuring their arrival to the final beneficiary.

At a rate exceeding 97%, in addition to the government and the Central Bank contracting with international auditing and consulting companies with the aim of developing banks and ensuring their compliance with international standards.

These companies are Ernst & Young, K2, Oliver and Eman, and they are currently operating according to the roadmap and plans drawn up for that.

The Iraqi government, in cooperation with the Central Bank, has taken several steps in this direction, the most important of which is automating the tax system and the customs system. In view of this strict commitment to protecting our financial system, we reassure everyone that there is no possibility of imposing new sanctions on the banking sector. These are just rumors and have absolutely no basis in truth.    https://economy-news.net/content.php?id=52720

Iraqi Oil Continues To Stabilize Above $78 In The Global Market

Wednesday 12 February 2025 09:17 | Economic Number of readings: 202

Baghdad / NINA / Iraqi oil prices continued to stabilize in global market transactions above $ 78 per barrel.  Basra Heavy crude recorded $ 75.24 per barrel, while the average recorded $ 78.75 per barrel.

Brent crude futures fell 36 cents, or 0.47 percent, to $ 76.64 per barrel, while US West Texas Intermediate crude futures fell 37 cents, or 0.5 percent, to $ 72.95 per barrel. / https://ninanews.com/Website/News/Details?key=118518

Iraq Exports More Than 8 Million Barrels Of Oil To America In A Month

Energy Economy News – Baghdad  The US Energy Information Administration announced today, Wednesday, that Iraq exported more than 8 million barrels of crude oil and its derivatives to the United States during the month of November 2024.

A schedule of the administration, which was reviewed by "Al-Eqtisad News", showed that "Iraq exported about 8 million and 510 thousand barrels of oil and its products during the month of November", indicating that this quantity "is greater than the month of October, which amounted to 6 million and 800 thousand barrels".

The US Energy Information Administration stated that "the total crude oil exported from Iraq to America in November amounted to 6.718 million barrels, while the remaining 1.792 million barrels were petroleum derivatives, including 1.788 million barrels of non-condensate oils and four thousand barrels of remaining fuel oil."

Iraqi oil exports to the United States have increased significantly over recent years, with export figures reaching record levels in some months, due in part to Iraq's ability to increase its oil production, as well as rising global demand for oil.

Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries, and contribute to enhancing the stability of the global oil market and providing energy to the American and global economies.  https://economy-news.net/content.php?id=52719

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

Seeds of Wisdom RV and Economic Updates Wednesday Evening 2-12-25

Good Evening Dinar Recaps,

CONGRESS EXPLORES SHORTCUTS FOR DIGITAL ASSET REGULATORY CLARITY, INCLUDING MARKET STRUCTURE

Yesterday the House Financial Services digital asset subcommittee held a hearing on charting a path forward on digital assets. There’s a consensus that stablecoin legislation is urgent, with multiple Bills circulating.

However, there’s also a need for legislation around market infrastructure, including regulating crypto exchanges. Last year the House passed the FIT 21 Bill, but there was less progress in the Senate. One of the topics discussed during the hearing was whether the SEC could provide a solution in the interim.

A takeaway from the hearing is a lightweight alternative to a full crypto infrastructure Bill such as FIT 21. For now legislation may only be needed to make the CFTC the regulator of spot crypto commodity markets. The steps might involve:

1. Delegating authority to regulate spot crypto to the CFTC via legislation
2. Creating a self regulatory organization (SRO) jointly overseen by the CFTC and SEC which would set rules for crypto exchanges and the like
3. The SEC clarifies rules on when a digital asset is a security or not
4. The SEC creates some new exemption(s) for digital asset issuers
5. And all the other items on the list recently proposed by SEC Commissioner Peirce.

Even if that’s not the long term solution, it might be the fastest interim one.

Regulatory exemptions

Congressman Hill asked Coy Garrison about the various SEC exemptions currently used for issuing digital assets. Mr Garrison previously served as counsel to SEC Commissioner Hester Peirce. 

The lawyer explained that many issuers use Regulation S, which restricts the asset to offshore investors. Those willing to target US investors often use Regulation D, which means assets are only available to wealthy investors.

“What I think the ecosystem has to understand is that not all these needed activities can be taken care of by the Commission by itself without Congress,” said Congressman Hill. And he asked what sort of exemption system the SEC could add without Congress.

Mr Garrison suggested something similar to Commissioner Peirce’s Safe Harbor provisions, which would allow access to retail investors.

Last week Commissioner Peirce mentioned reviewing Regulation A and crowdfunding rules.

Additionally, Mr Garrison noted that disclosure requirements could be tailored, as token holders have different interests compared to shareholders who need financial statements, which he clarified in his written testimony. He noted that many provisions from other exemptions could be used, including limits on the number of investors and the proportion of a person’s net worth that can be invested.

Another witness, former CFTC Chair Timothy Massad, is keen for the SEC to take a first pass, rather than Congress. He highlighted that the SEC only needs the three votes of its Republican Commissioners, compared to 60 Senate votes.

“I have confidence that they (the SEC) can come up with some interesting ideas, but this is a very difficult issue to address. And I’m worried that if Congress tries to do it, we’ll undermine our Securities markets,” said Mr Massad. He was responding to questions from Congressman Haridopolos, who observed that the challenge with leaving it all to the regulators is that administrations change.

A crypto Self Regulatory Organization?

Congressman Hill, who previously chaired this subcommittee and now chairs the main House Financial Services Committee, asked Mr Garrison about self regulatory organizations (SROs).

“You’ve advocated for a joint SRO to oversee digital assets as a convenient way to sort of sidestep these questions. Do you still advocate for that?,” he asked.

Mr Garrison requested clarification about whether the SRO would be jointly overseen by the SEC and CFTC, which Congressman Hill confirmed.

“Yes, I think that could potentially work great,” Mr Garrison responded. “Any type of communication between the two agencies and coordination on regulations would make sense.”

Clarifying how regulated entities can interact with digital assets

Congressman Stutzman asked which topics should be the highest priority for the SEC. Mr Garrison responded that clarifying the status of digital assets under the securities laws and scoping out which activities fall outside the scope of securities laws are the most important, as everything else flows from that.

He continued, “Providing guidance on how regulated intermediaries by the SEC can touch digital assets. Now that would apply both in the context of digital assets that are not securities as well as digital assets that are securities like a tokenized stock. Providing a clear pathway for broker dealers, investment advisers, clearing agencies, transfer agents to be able to engage will really allow the ecosystem to flourish.”

It must be emphasized that this light legislation approach was only touched upon briefly, and not everybody agreed. One of the witnesses was Jonathan Jachym, Deputy General Counsel at the Kraken Digital Asset Exchange, one of the largest in the United States.

“These things are not mutually exclusive,” he said. “I know there’s been discussion of let’s wait, let’s move stablecoins first. Let’s wait on market structure. We cannot wait any further. And Congress doesn’t need to move a market structure Bill that solves every single problem in the ecosystem.

We are talking about the most basic, foundational rules of regulating centralized exchanges. And these two agencies can continue to work in tandem while Congress advances the Bill in this cycle.”

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

BRICS: IS DONALD TRUMP’S PLAN TO SAVE THE US DOLLAR WORKING?

The last several weeks have seen geopolitical tensions reach a fever pitch. With the global south and the US facing off, a trade war is seemingly brewing between both sides. Yet, after his confrontation with the BRICS alliance, is US President Donald Trump’s plan to save the US dollar working?

Trump had expressed his desire to confront nations seeking to abandon the US dollar after his election win late last year. Indeed, he has adopted an aggressive economic policy that is looking to dissuade attempts at lessening international reliance on the greenback. Two months into his White House return, are those efforts working?

Is Donald Trump’s BRICS Attack Helping Preserve the US Dollar?

On the campaign trail last year, Donald Trump said the US dollar losing its status as the world’s currency would be akin to the nation losing a war. That has spurred the returning president to action. Specifically, he has targeted the BRICS bloc, which has been outspoken in its de-dollarization initiatives.

For the last two years, the group has sought to lessen international reliance on the US dollar. Led by Russia and China, it sought to increase the use of local currencies and went more or less unchecked. The efforts were minimal in scope, and the Biden administration acted through its inaction, perceiving the situation as non threatening.

That has not been the case with the returning administration. Indeed, with BRICS looking to slow those very local currency efforts, is Donald Trump’s plan to save the US dollar working? To this point, it has certainly benefited the greenback.

Prior to Tuesday, the US dollar had been gaining for three straight days. Just last week, the US Dollar index enjoyed its biggest daily rise in nearly a month, according to Reuters. Moreover, the imposition of Trump’s tariff threats has seen a host of nations speak out against the BRICS perceived de-dollarization.

India and Indonesia have both been adamant about the group’s purpose. They state that the alliance is only seeking to benefit involved nations economically and has no interest in targeting the dollar. Alternatively, Russia has publicly nixed plans for a BRICS currency, something Trump required when he threatened tariffs originally.

However, the merits of his economic policy are concerning when considering the merits of de-dollarization. The US dollar had been losing strength but was not threatened. Therefore, his plan to save it may have been enacted under pretenses that were misguided.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

Why Momentum Says this Market is in Trouble

Why Momentum Says this Market is in Trouble

Wealthion:  2-11-2025

In a recent episode of Wealthion hosted by James Connor, financial expert Michael Oliver, the founder of Momentum Structural Analysis, provided an insightful analysis of the current state of the markets.

With momentum models indicating troubling signs that could predict significant downturns, investors might be overlooking critical data that precedes major price movements.

Oliver’s approach is distinct from traditional price chart analysis. While most investors focus on price trends and historical data, Oliver emphasizes the importance of momentum signals—factors that can indicate structural weaknesses in a market before they manifest in price changes.

This early warning system looks at various components within the market dynamics that often shift before prices react, making it a valuable tool for proactive investors.

One of the most alarming insights shared by Oliver is the similarity of current market patterns to those observed before past bear markets. He highlighted the behaviors of key indices such as the NASDAQ and S&P 500, which are currently showing signs that could foreshadow a significant downturn. Are we on the brink of a bear market that could see declines of 50% or more?

The interview delved into factors contributing to this potential bear market, prompting the question: Are the bubble markets poised to collapse? With the tech-heavy NASDAQ and other previously hot global markets displaying early indicators of weakness, Oliver raises the alarm that a correction is impending—one that could catch many investors off guard due to their reliance on price data alone.

The term “Everything Bubble” was pivotal in the conversation, with Oliver challenging the notion that current market conditions can sustain themselves indefinitely. As asset prices across a variety of sectors bubbles up, there’s an increasing risk that they could deflate simultaneously.

 Oliver advises investors to be hyper-aware of these market dynamics because the consequences of a widespread correction can be severe and widespread.

In contrast to traditional equities, Oliver asserted that commodities, especially gold and silver, could be on the verge of a major breakout. With their historical performance often inversely correlated with stock market performance during downturns, he advocates that now might be the time to reassess asset allocations. As inflationary pressures continue to rise, the defensive properties of precious metals become notably appealing.

Finally, the discussion touched on the Federal Reserve and its influence on the market. As the central bank navigates interest rates and monetary policy adjustments, Oliver raised critical questions about the Fed’s future moves—specifically, how these could inadvertently backfire and exacerbate market instability.

With continuous shifts in monetary policy, there’s a pressing need for vigilance among investors, as the Fed’s actions could trigger a domino effect that rattles the entire economic landscape.

The conversation with Michael Oliver serves as a critical reminder for investors to pay close attention to momentum signals rather than solely focusing on traditional price charts.

The insights provided about current market dynamics—the potential for a bear market, the implications of the Everything Bubble, and the shifting roles of precious metals—present a compelling case for a more cautious approach to investment strategy.

As the markets evolve, those who remain vigilant will be better positioned to navigate the uncertainties that lie ahead.

https://youtu.be/9DY4yVCRpBs

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-12-25

Good Afternoon Dinar Recaps,

COINSHARES XRP ETF: NASDAQ SAYS XRP IS HARDER TO MANIPULATE THAN BTC & ETH

▪️Nasdaq files with the SEC to list a CoinShares XRP ETF, citing the decentralized nature and massive liquidity of the cryptocurrency.

▪️The ETF would enable investors to gain exposure to XRP without directly holding the asset, boosting institutional adoption.

Nasdaq has entered the ETF race with a bold move to support XRP, filing with the SEC to list the CoinShares XRP ETF. According to the filing, Nasdaq argues that XRP’s decentralized network and vast liquidity pool make it even harder to manipulate than Bitcoin or Ethereum.

The proposed ETF would follow its price action, offering an inexpensive way for investors to access the market. It would be listed under Nasdaq Rule 5711(d) upon approval, which includes Commodity-Based Trust Shares.

The ETF structure includes third-party custody, daily NAV disclosure, and oversight by Compass Financial Technologies, making it a secure and transparent investment product. Nasdaq is showing that it believes XRP can resist market manipulation by listing XRP alongside Bitcoin and Ethereum ETFs.

XRP’s Edge Over Solana, Cardano, and Litecoin in ETF Race

The SEC’s approval of this application would possibly redefine the cryptocurrency’s position in institutional finance. With increasingly more crypto ETFs being proposed, the spotlight is on how XRP stands in comparison to other digital assets. Solana, Cardano, and Litecoin are also vying to receive ETF approvals, but analysts and market sentiment overwhelmingly favor Ripple’s native token.

Despite Ripple’s ongoing legal battle with the SEC, analysts note that the ETF approval process has not been impacted. The cryptocurrency’s legal status as “not a security” eliminates a significant hurdle, according to legal expert Jeremy Hogan.

 However, Nasdaq’s filing, along with increasing market confidence, makes a strong case for the approval of XRP’s ETF.

Interestingly, traders on Polymarket are now putting an 80% chance of Ripple winning ETF approval, which indicates broad optimism. Bloomberg’s Eric Balchunas puts the chances of the approval of the ETF this year at 65%. If approved, the step can help establish Ripple’s native token as a leader in the crypto ETF sector.

Growing Institutional Interest

Institutional demand for XRP has been consistently increasing, and Nasdaq and CBOE have filed multiple ETF proposals. Major asset managers like Bitwise, 21Shares, and WisdomTree have also entered the scene. All of these proposals point to a broader trend: institutional investors are becoming more comfortable with digital assets like XRP as investment vehicles.

The CoinShares XRP ETF will make it simpler to invest in the cryptocurrency, eliminating any complexity that is associated with directly holding the asset. The product has the potential to onboard a new set of investors into the Ripple ecosystem, bringing about higher adoption and liquidity.

XRP’s Price Cycle Echoes 2017 Breakout Patterns

Market participants are now speculating how far the cryptocurrency can surge if the ETF is accepted. The cryptocurrency is currently trading at $2.41 and has increased over 365% in the yearly chart.

Social media is full of forecasts; even some are speculating a price as high as $99, a 3,900% increase from current prices. While such a target is speculative, the parallels with past price cycles are hard to ignore.

Analyst Javon Marks noted that the cryptocurrency’s recent price action is drawing parallel with its 2017 breakout. The cryptocurrency has always used previous all-time highs as resistance before it pushed to new highs, according to him. If history repeats, then it is possibly setting itself up for a huge price explosion, driven by growing institutional interest and the potential ETF approval.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

BRICS: INDIA DUMPS BILLIONS OF US DOLLARS

BRICS member India has once again been accused of dumping US dollars to protect its local currency, the rupee (INR).

The INR had plummeted to a lifetime low of 87.60 against the USD on Monday in the forex markets. The steep fall sent jitters in the markets making the Reserve Bank of India (RBI) intervene in the forex sector. India has been accused of intervention in the currency markets to keep the rupee from falling further.

RBI directed state-run banks to sell US dollars in the forex markets to stop the rupee’s decline, reported Reuters.

This is not the first time that BRICS member India has been accused of dumping US dollars. Last year alone, India was accused of market intervention more than four times to keep the rupee from falling. The trend has continued in 2025 raising questions about transparency in trade.

BRICS: India Accused of Market Intervention After Selling Billions of US Dollars

The latest report from Mint indicates that BRICS member India has dumped billions worth of US dollars this week.

The massive sell-off made the rupee recover from a lifetime low of 87.60 on Monday and reserve course to 86.90 on Wednesday. The intervention “is surprising and has triggered a blood bath for longs (on USD/INR),” a trader at a private bank said to Reuters.

The rupee’s rise to 86.90 is attributed to market intervention from India. Billions of US dollars were sold by the BRICS member to safeguard the rupee. State-run banks were directed to offload the currency from the RBI. 

“We note that the accentuated moves in USD/INR witnessed lately have brought the currency to near fair value. However, given the unrelenting global uncertainties in the near term, we expect the pressure on INR to continue,” Kotak Mahindra Bank said in a note.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

TRUMP’S RETURN HERALDS LITIGATION PEACE FOR CRYPTO

The president-elect’s new SEC chair will likely withdraw from lawsuits aimed at forcing crypto to follow Wall Street rules

WASHINGTON—Regulators tried to police the crypto market using the strongest weapons they have. Now they are likely to lay down their arms.

@ Newshounds News™

Source:  WSJ

~~~~~~~~~

IS THE U.S. ABOUT TO REVALUE GOLD? WHAT IT MEANS FOR YOU!

@ Newshounds News™

Source:  Youtube

~~~~~~~~~

LIVE: DOGE Subcommittee Holds First Hearing: “The War on Waste” – 2/12/25  -  REPLAY FROM THIS MORNING

@ Newshounds News™

Source:  RSBN

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Wednesday 2-12-2025

TNT:

Tishwash:  Minister of Electricity discusses with US Chargé d'Affaires the development of the energy system in Iraq

Today, Wednesday, the Minister of Electricity, Ziad Ali Fadhil, discussed with the Chargé d'Affairs of the US Embassy the development of the electricity system in Iraq.

The media office of the Minister of Electricity said in a statement received by "Al-Eqtisad News", "The Minister of Electricity, Ziad Ali Fadhil, received in his office the Chargé d'Affairs of the US Ambassador to Iraq, Daniel Rubinstein, and a number of joint files in the electric power sector were discussed,"

Noting that "the Minister reviewed during the meeting the ministry's strategic plans to develop the electricity system, improve the energy situation in Iraq, and the vital projects that the ministry intends to implement during the next stage."

He added, "During the meeting, the two sides discussed the investment opportunities available in the Iraqi energy sector, the participation of American companies in electricity infrastructure development projects, and the transfer of modern technologies in the field of production, transmission and distribution of electrical energy  link

Tishwash:  Advisor to the Prime Minister: Iraqi-American relations are very good and the speculations about them are baseless

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that relations between Iraq and the United States of America are very good and distinguished, and operate within a high-level diplomatic and economic framework.

Saleh told Al Furat News Agency that "the interests of the two friendly countries are moving in positive directions, especially in the field of economic, investment and trade cooperation."

He explained that "what is being raised by some parties regarding this relationship falls within the framework of political fears, concerns and baseless speculations, and is connected to the changes in the new administration in the United States and its connections with vast political geographies," stressing that Iraq is not a party to it.  link

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

Tishwash:  Experts: Establishing industrial cities is an advanced step to support the national economy

Economic experts and specialists praised the government's efforts to support the national economy by establishing industrial cities, stressing that this step will contribute to achieving sustainable economic development, providing job opportunities for the unemployed, and supporting local industries.

This comes within the framework of a strategy aimed at diversifying sources of income and strengthening the industrial sector as a basic pillar of economic growth.

Economic expert Salem Mohammed Al Bayati confirmed that the government's move to establish industrial cities is an advanced step towards supporting local industry. He explained that these cities, which will be established on the borders of major cities and international borders, will provide an attractive environment for global companies to establish production factories, which will contribute to creating job opportunities to absorb the workforce and reduce unemployment rates.

Al Bayati added that the industrial cities will be an opportunity to attract foreign capital and introduce the world to local products, which will raise economic growth rates by increasing the volume of investments in various industrial activities. He pointed out that these cities represent a fundamental pillar for achieving sustainable economic development in the long term and will push the wheel of growth forward.

Al-Bayati pointed out that the industrial city projects will support the Iraqi private sector and will contribute to reducing pollution within major cities by moving factories to designated areas outside residential areas. He stressed the need to provide an integrated infrastructure that includes all facilities and services, which will facilitate the process of localizing industry and achieving the goals of comprehensive economic development.

He explained that the industrial cities will help in the establishment and growth of national factories, and will create integration between government and private factories due to their geographical proximity. He added that these cities will contribute to diversifying sources of cash income, which will enhance the national economy's ability to face future challenges.

For his part, economic researcher Alaa Al-Fahd praised the government's efforts to establish industrial cities in cooperation with neighboring countries. He stressed that this approach will support the national economy in all its sectors, not just the industrial sector, and will attract capital and international companies to establish major investment projects in Iraq. Al-Fahd pointed out that Iraq has great economic potential and numerous investment opportunities in various sectors, especially the industrial sector, which makes it an attractive destination for international companies. He added that this step reflects an ambitious economic vision aimed at transforming Iraq into a regional center for industry and investment.

As part of these efforts, Minister of Industry and Minerals Khalid Batal Al-Najm inaugurated the first phase of the industrial city project in Anbar Governorate. Al-Najm explained that the first phase covers 40 percent of the total area of ​​the city, which is 3,000 dunums, where more than 233 sections have been completed and the site has been equipped with water services.

The Minister stressed that this project is an important step towards strengthening the industrial sector and providing a suitable environment for investment, noting that the city will contribute to creating new job opportunities and supporting local industries.

Despite the great praise for this step, experts stress the need to provide an integrated infrastructure and ensure a stable business environment to attract foreign investments. The success of these projects also requires cooperation between the public and private sectors, in addition to adopting economic policies that support local industry and encourage innovation  link

Mot: Its un of da Marital Thingies!!! 

Mot: age doesnt matter

Iraq Economic News and Points to Ponder Wednesday AM 2-12-25

Serious Steps To Reduce Dependence On Oil
 
Economic 1225/02/12  Baghdad: Imad of the emirate   In the context of efforts to revitalize the national economy, the government is working to adopt ambitious strategies to reduce dependence on oil rent, by activating the productive and service sectors and enhancing non-oil revenues.
 
This comes in light of the economic challenges facing the country, especially with the fluctuations of global oil prices, which calls for diversification of sources of income and building a more stable economy and the ability to face external influences.

The Financial Adviser to the Prime Minister, Dr. Mazhar Mohamed Saleh, stressed that the government attaches great importance to stimulating the productive sectors, especially the agricultural sector.
 
He pointed out that the current plans focus on supporting farmers by providing facilitated financing and modern agricultural technologies, which contributes to increasing productivity and achieving food security.
 
Highly productive seasonal programs were also adopted within the general budget of the state, with the aim of enhancing self-sufficiency and reducing dependence on import.
 
Saleh explained that the government is working to enhance financial discipline by controlling public spending and increasing revenue collection.
 
He stressed that excessive exchange or negligence in collecting public imports will be reduced, with a focus on directing resources towards productive projects that benefit the national economy.
 
It was also noted that the importance of launching economic companies in cooperation with the private sector, to support sustainable development programs that contribute to creating job opportunities and increasing productivity.
 
The financial advisor called for the necessity of controlling the import system, which is witnessing a random expansion that drains the country's foreign reserves.
 
He stressed that foreign resources should be directed towards productive imports that enhance the economy, rather than excessive consumption that does not contribute to building a strong production base.
 
He also stressed the importance of adopting accurate commercial policies that encourage sustainable production requirements.
 
Saleh pointed out that the government is working to convert support in the general budget from comprehensive support to qualitative support, which balances the support of low-income social classes and the productive support that occupies the economy.
 
Among the programs that have been focused on, is entrepreneurial and financing programs, which contribute to encouraging small and medium enterprises and enhancing the role of youth in the economy.

For his part, Dr. Ahmed Al -Rawi, the economist, stressed the need to take quick measures to address the decline in oil revenues.
 
He called for a review of the general budget items, with a focus on removing unnecessary expenses and raising the efficiency of spending.
 
He pointed to the importance of achieving stability in the growth of the budget, so that it is commensurate with the annual growth of the gross domestic product, which contributes to achieving a sustainable financial balance.
 
Al-Rawi also stressed the importance of activating non-oil revenue systems, such as the tax system and public fees, to increase revenues and reduce dependence on oil.
 
He also called for the revitalization of other economic sectors, such as industry and tourism, to provide job opportunities for young people and diversify sources of income.
 
He pointed out that the development of the oil sector must be done in a manner commensurate with the country's reserve energies, with a focus on increasing the added value through local manufacturing.
 
The narrator stressed that achieving economic development requires fighting corruption in state institutions in all its joints.
 
He stressed that corruption is a major obstacle to achieving economic efficiency and attracting investments.
 
He called for adopting serious measures to enhance transparency and governance in public resources management.     https://alsabaah.iq/110028-.html

Economic Expert: The Unified Accounting System Is An Effective Tool For Combating Corruption

{Economic: Euphrates News} Economist, Bassem Antoine, stressed that the implementation of the unified accounting system contributes to
 
     reducing corruption and manipulation and
     sets limits for the abuses that take place on the accounts.

Antoine told Al-Furat News that  "the main issue lies in the application of decisions, as there is a problem in issuing and applying instructions." 
 
He explained that
 
     "follow-up,
     monitoring and
     scrutiny
 
is an important issue, and that the monitoring account does not exceed the bureaucracy and obstructing the work."  He stressed  "the need not to create complications in audit and control operations."    
  
https://alforatnews.iq/news/خبير-اقتصادي-النظام-المحاسبي-الموحد-أداة-فعالة-لمكافحة-الفساد    

Bank Deposits Retreated
 
Economic 1225/02/12  Yasser Al –Mitwalli   Iraqi banks have gone through a golden period in the field of returning confidence by depositors in banks after partial stability was achieved with a monetary policy by the central bank in supporting the banking sector that contributed greatly to encouraging depositors in reconciliation with banks.
 
Here, the topic reduced exclusively (the public deposits) because of its importance in motivating banks to contribute to development programs by expanding loans.
 
It is useful to note that the banking sector has gone through challenges after the stage of change, especially in the field of borrowers ’failure to pay their loans that help them.
 
On the other hand, it led to the paralysis of the banking activity, and a part of the banks were crushed.
 
To the secretariat, the efforts of the central bank years ago resulted in the return of confidence between the parties to the process, the depositors, and the borrowers.
 
However, reports indicate that deposits decreased in Iraqi banks to (123 trillion dinars in November 2024, which is the lowest level in 22 months), according to these reports.
 
But what happened to the return of this loss of confidence?
 
The answer is definitely related to imposing US sanctions on a large number of these banks, and
 
here is an analytical of the reasons, as I see it, has nothing to do with whether the readings are right or without the right to not explain the real reasons behind these sanctions that I am certain that there is a political side behind the decisions, with acknowledgment of violations. Do not deserve this harsh decision.  Perhaps some depositors' concerns about the return of the chaos of the clouds indicating the return of loss of confidence and fears of bankruptcy of banks.
 
On the other hand, the Central Bank indicated that deposits growth by 4.2 percent during the third chapter of 2024 compared to the same period of the previous year,
 
but what increases the mud with the worse of confusion and confusion, which promoted it from the loss of liquidity that may disrupt lending and productive projects, with funds turning into investments An alternative like real estate and gold.

From here, banks must develop their banking services to
 
     ensure the continuation of the market and
     adhere to restoring confidence in addition to developing and
     expanding the role of the deposit guarantee company, transparently and clearly.
 
Perhaps the repeated financial crises that some countries have gone through have been able to diagnose the defect and find solutions while raising the level of banking culture among the public in full transparency, regardless of the size and details of the financial crises to ensure their exception.
 
Banks need to develop their media awareness offices.     https://alsabaah.iq/110029-.html   

The Eighth Arab In Corruption .. Iraq Is Making Progress On The List Of The Most Transparent Countries In The World
 
Economy   Iraq  Breaking   a report  Global transparency  2025-02-10 Shafaq News/ Iraq climbed to the 140th place in the world in the list of the most transparent countries in the world, while  it ranked eighth among the list of Arab countries that will be the most corrupt for the year 2024 out of 180 listed in the table.
 
Transparency International said in a report issued today, Tuesday, and was reviewed by the Shafaq News Agency, that
 
"the corruption perceptions for the year 2024 shows that corruption is a serious problem in every part of the world, but the change towards the best happens in many countries," noting that
 
"Corruption perceptions with 180 countries and regions around the world according to the levels of corruption in the public sector. She added that
 
Denmark ranked first in the least corrupt and transparent countries in the world with 90 points, followed by Finland, which ranked second with 88 points, then Singapore ranked third with 84 points, and New Zealand, which ranked one ranked fourth with 83 points, came Luxembourg Fifth with 81 points. According to the report,
 
"Iraq ranked 140th globally with 26 points, three points, with the year 2023, and the eighth rank among the most corrupt Arab countries, where countries advanced by: Somalia, Syria, Sudan, Yemen, Libya, Ertia, and Lebanon as the most Arab countries Corruption.
 
The UAE ranked first in the Arab world and the 68th rank in the world's most transparent countries, followed by Qatar second, Saudi Arabia third, Oman Fourth, and Bahrain Fifth.
 
South Sudan, Somalia, Venezuela, Syria, and Yemen won the highest ranks by occupying the last ranks in the table, according to the report.
 
The organization issues an annual report on corruption, which is an evaluation of a scale from zero to 100 countries that classify countries from the most to the least corruption, and
 
the report is based on statements that the organization gathered from 13 international agencies, including the World Bank and the World Economic Forum.    https://shafaq.com/ar/اقتصـاد/الثامن-عربيا-بالفساد-العراق-يحرز-تقدما-ضمن-قا-مة-الدول-ال-كثر-شفافية-بالعالم 

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-12-25

Good Morning Dinar Recaps,

PRO-CRYPTO BRIAN QUINTENZ RETURNS TO CFTC AS TRUMP’S CHAIRMAN PICK

Former CFTC Commissioner Brian Quintenz is set to lead the agency again, signaling a shift in crypto regulation under the Trump administration.

Brian Quintenz, a former commissioner at the Commodity Futures Trading Commission, is expected to return as chairman following his selection by U.S. President Donald Trump, according to Bloomberg.

If confirmed, he would serve a term running until April 13, 2029, returning to the agency at a time when crypto regulation is a central issue in financial policy.

His nomination aligns with broader efforts by the Trump administration to reshape regulatory oversight of digital assets and derivatives markets.

Quintenz previously served as a Republican commissioner at the CFTC from 2017 to 2021, playing a key role in overseeing the launch of the first fully regulated Bitcoin and Ethereum futures contracts.

During his tenure, he emerged as a strong advocate for a pro-innovation regulatory framework, pushing for clear, well-defined rules that would encourage institutional adoption of digital assets while maintaining market integrity.

His stance earned him comparisons to SEC Commissioner Hester Peirce—dubbed “Crypto Mom” in industry circles—for her similar advocacy of crypto-friendly regulation.

After leaving the CFTC, Quintenz joined Andreessen Horowitz’s (a16z) crypto division in December 2022, where he led policy efforts to influence U.S. crypto regulations.

The venture capital giant, which has investments in projects like Solana, Uniswap, Lido DAO, Optimism, and Eigenlayer, has consistently pushed for CFTC oversight of digital assets rather than SEC jurisdiction.

The crypto industry has long viewed the CFTC as a more accommodating regulator compared to the SEC, which has taken a stricter enforcement-driven approach under Chair Gary Gensler.

The nomination follows months of speculation. In December, reports surfaced that Trump was considering Quintenz among other candidates for the role.

Meanwhile, Trump’s newly appointed AI and Crypto Czar, David Sacks, has outlined plans to work with Congress on market structure legislation, signaling a push for clearer digital asset regulations.

Quintenz’s return could mark a shift in how the $400 trillion derivatives market, which includes a growing share of crypto-related products, is regulated.

Acting CFTC Chair Caroline Pham has expressed support for the nomination, stating that she worked with Quintenz on key initiatives during his previous tenure and believes he will bring the same focus on crypto and innovation back to the agency.

The nomination will now go through the confirmation process, with Quintenz expected to lead the agency as the U.S. debates the future of crypto market oversight.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

MEMECOIN REGULATION: SEC’S HESTER PEIRCE CHALLENGES GENSLER’S STANCE

Indirectly denouncing former SEC chairman Gary Ggensler stance on whether cryptocurrencies are securities, US Securities and Exchange Commission Commissioner Hester Peirce states that a good number of the memecoins in the market do not come under the purview of the country’s securities regulatory agency. 

What makes her statement extremely significant is that Peirce chairs the crypto task force recently appointed by US President Donald Trump to determine which cryptocurrencies fall under the definition of ‘securities’ – thus under the jurisdiction of the SEC – and which do not.

SEC’s Stance on Memecoins

US SEC Commissioner Herster Peirce’s statement on the Memecoin regulatory environment explains what the current position of the securities regulatory agency on the matter is.

It appears that the current SEC leadership does not think it has the legal authority or responsibility to regulate a good number of the memecoins in the market.

Importantly, reports indicate that Peirce even thinks that the US Congress and the Commodity Futures Trading Commission are the competent authorities to address the sensitive matter of memecoin regulation.

Contrasting Views: Former SEC Chair Gensler’s Stance Analysed

Former SEC Chairman Gary Gensler was infamous for his conservative stance on crypto regulation. Under his leadership, the SEC maintained a position that a good number of cryptocurrencies are securities. It was this position that prompted the regulatory agency to open a series of legal battles against prominent crypto companies including Binance, Coinbase and Kraken.

The Memecoin Phenomenon: A Short Overview

The total market cap of the memecoin sector stands at $75,568,127,803 – which makes at least 2.31% of the total market cap of the cryptocurrency sector of $3,267,930,674,001.

As of now, Dogecoin, Shiba Inu, Pepe, Official Trump and Bonk are the top five memecoins by market cap.  

The market caps of:
DOGE stands at $37,387,932,934;
SHIB at $9,238,118,808;
PEPE at $4,021,074,346;
TRUMP at $3,080,509,036; and
BONK at $1,345,093,611.

In the last one year, Dogecoin has surged by 214%; Shiba Inu by 68%; Pepe by 850%; and Bonk by 41.4%.

Memecoin Regulation: Concerns and Challenges

Critics express serious concerns about the memecoin market primarily because of its unregulated environment and extreme volatility.

In the last seven days, DOGE has dropped by 4.5%; SHIB by 2%; PEPE by 6.5%; TRUMP by 14.5%; and BONK by 6%.

Moreover, many believe that the market is highly susceptible to fraudulent projects and pump-and-dump schemes.

Recently, a memecoin investor filed a lawsuit with the support of Wolf Popper and Burwick, prominent US law firms, against Pump.Fun, a platform built on Solana to allow users to create and trade meme coins easily, accusing it of violating securities laws by offering extremely volatile memecoins.

In conclusion, Hester Peirce says ‘most memecoins are not securities’, a stance different from Gary Gensler’s. Meanwhile, the memecoin market keeps growing, but concerns over fraud and volatility remain. A new lawsuit against Pump.Fun adds to regulatory uncertainty as the debate over memecoin regulation continues.  

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

MilitiaMan & Crew-Dinar-IRAQ-News-Federal Court Ruling-Government Decisions-Sovereign Guarantees-Financial Rights

MilitiaMan & Crew-Dinar-IRAQ-News-Federal Court Ruling-Government Decisions-Sovereign Guarantees-Financial Rights

2-11-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=3aKawwVe1IE