Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-2-25

Good Morning Dinar Recaps,

CRYPTO-BACKED CANDIDATES WIN FLORIDA SPECIAL ELECTION, HEAD TO U.S. HOUSE

Two Republican candidates supported by the crypto-funded political action committee Fairshake have secured seats in the US House of Representatives following special election in Florida, marking a notable win for the digital asset industry.

Jimmy Patronis emerged victorious in Florida’s 1st Congressional District, defeating Democrat Gay Valimont with 57% of the vote, according to Associated Press data.

Meanwhile, Randy Fine clinched the 6th District seat with 56.7% support, overcoming public school teacher Josh Weil. These elections filled vacancies left by Matt Gaetz and Mike Waltz, respectively—the latter recently taking up a post as White House national security adviser.

GOP Tightens Grip on Long-Held Florida Districts Amid Narrowing Margins

Both districts have traditionally been Republican strongholds for the past three decades, though recent cycles have shown narrowing margins. The latest victories further solidify GOP control in these areas.

Fairshake, a crypto-focused PAC backed by major industry players such as Coinbase, Ripple, and venture capital firm Andreessen Horowitz, spent heavily in support of both candidates.

The PAC invested approximately $1.16 million on behalf of Fine and $347,000 to bolster Patronis’s campaign.

Both incoming representatives have openly supported the cryptocurrency industry. In a January 14 post on X (formerly Twitter), Fine declared, “Floridians want crypto innovation!”

Fairshake has played an increasingly influential role in US politics, channeling roughly $170 million into the 2024 election cycle to support candidates aligned with pro-crypto legislation.

With Patronis and Fine entering the House, Republican representation rises to 220 seats, while Democrats hold 213. Two additional seats remain vacant following the recent deaths of Representatives Sylvester Turner (D-TX) and Raúl Grijalva (D-AZ) earlier this month.

While the GOP would have retained its House majority regardless of the Florida outcomes, the added support strengthens the likelihood of advancing crypto-related legislation in Congress.

Several bills are already in play, including the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which passed the Senate Banking Committee in mid-March with bipartisan support.

Rep. Ro Khanna Says Crypto Legislation Could Pass This Year

At the Digital Assets Summit on March 18, Democratic Representative Ro Khanna expressed optimism that Congress could pass both a stablecoin framework and a broader crypto market structure bill this year.

In addition, Senator Cynthia Lummis recently reintroduced a bill to establish a Strategic Bitcoin Reserve, a move that aligns with ongoing Republican efforts to bolster U.S. leadership in digital asset infrastructure.

@ Newshounds News™
Source:  99Bitcoins

~~~~~~~~~

TED CRUZ INTRODUCES FLARE ACT TO REPURPOSE FLARED GAS FOR BITCOIN MINING

The Texas Senator’s Facilitate Lower Atmospheric Released Emissions bill aims to make the state “the number one place for Bitcoin mining.”

U.S. Senator Ted Cruz (R-TX) has introduced a new bill aiming to turn waste energy into electricity for Bitcoin mining.

The Facilitate Lower Atmospheric Released Emissions (FLARE) Act, introduced on March 31, is geared towards making waste energy productive by capturing gas that would otherwise be flared or vented. The plan is to incentivise this capture by offering full expensing for property used to capture that gas.

Cruz specifically pointed to crypto mining as a direct output of this extra energy. In a statement announcing the bill’s introduction, he said that it, “takes advantage of Texas’s vast energy potential, reinforces our position as the home of the Bitcoin industry, and is good for the environment.”

The Senator affirmed his commitment to "making Texas the number one place for Bitcoin mining,” adding that the FLARE Act, “incentivizes entrepreneurs and crypto miners to use natural gas that would otherwise be stranded."

The U.S. focused bill specifically names competitive countries that shall not be allowed to participate in the scheme, including China, Iran, North Korea and Russia.

In a press release from Cruz’s office, Hailey Miller, Director of Government Relations & Public Policy at the Digital Power Network, praised the new bill, saying that Bitcoin miners are “uniquely positioned to help reduce emissions by harnessing stranded and wasted energy sources.”

Miller added that the FLARE Act “ensures that American energy producers have the tools to deploy cutting-edge solutions that make our energy markets more efficient and resilient."

The new Act would specifically, "amend the Internal Revenue Code of 1986 to provide for permanent full expensing for property used to capture gas that would otherwise be flared or vented and to use such gas in value-added products."

This measure should also help to enhance grid resilience while offering new electricity and "other useful outputs."

Cruz’s bill comes after U.S. President Donald Trump pledged to ensure that “all remaining Bitcoin” would be mined in the U.S. as part of his reelection campaign. Bitcoin advocates have long held that mining the cryptocurrency could be a means of harnessing waste energy from natural gas flaring, the practice of burning off excess gas that can’t be economically captured or transported.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Wednesday Morning 4-2-2025

TNT:

Tishwash:  Iraq is recovering... an important message from Grand Ayatollah Sistani to the Iraqi people.

Iraq's highest religious authority, Grand Ayatollah Ali al-Sistani, called on Iraqis on Tuesday to adhere to their national principles and maintain hope for the future.

In a message conveyed by one of his representatives and monitored by the Video News Agency, Ayatollah Sistani said, "The country is moving toward recovery and stability," calling on everyone to "not fear and to cling to hope for a better future."

 According to the letter, Ayatollah Sistani emphasized "the importance of Iraqis adhering to authentic customs, values, and principles, as they are the foundation that preserves the unity and identity of society."

According to the letter, Ayatollah Sistani specifically addressed the Shiite sect, saying, "Shias possess a great cultural heritage, and it is essential that they recognize and preserve it as part of their cultural and historical identity."  link

Tishwash:  One of them is in Iraq...American "BlackRock" acquires ports in the Middle East.

US asset management firm BlackRock and Italian shipping company MSC have acquired 43 ports owned by Hong Kong-based multinational CK Hucheng Holdings in a deal that will give the US asset manager control of 12 ports in the Middle East, located on strategic coasts stretching from the UAE and Oman to Iraq and Egypt. 

In March 2025, a consortium of BlackRock and MSC reached a $22.8 billion deal to acquire 43 ports owned by CK Huzhen, a Hong Kong-listed company owned by one of Asia's richest men, 96-year-old billionaire Li Ka-shing.

The deal made headlines because it would give BlackRock and MSC control of two ports at each end of the Panama Canal, the strategic waterway that US President Donald Trump has threatened to seize to limit China's influence in the Western Hemisphere.

But the agreement's impact extends beyond Panama to the Middle East, where Arab countries, particularly the Gulf states, are seeking to diversify their economies away from oil. The shipping and ports sectors represent another source of economic diversification for these countries. 

Which ports will BlackRock and MSC acquire in the Middle East?

Under the deal reached between the US-based BlackRock and Italy's MSC Group, the two companies are set to acquire 12 ports in the Middle East, distributed as follows:

Egypt (5): Alexandria - Dekheila - Abu Qir - Ain Sokhna - and the new B100 berth at Alexandria Port

Emirates (4): Ras Al Khaimah - Ajman - Khasab - UAQ

Sultanate of Oman (1): Sohar

Iraq (1): Basra

Saudi Arabia (1): Jazan

link

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

Tishwash:  Iraq and the Appeasement Strategy: A Difficult Balance in Times of Pressure

Iraq has recently faced a significant escalation in US economic and financial pressure, primarily targeting dollar transactions and Iranian gas imports, along with repeated demands regarding the future of the Popular Mobilization Forces.

These pressures come as part of Washington's efforts to isolate Iraq economically from Iran, with the aim of strengthening the effectiveness of sanctions imposed on Tehran to force it to reassess its nuclear program.

However, this policy presents Iraq with complex challenges as it attempts to maintain a delicate balance in its foreign relations.

Recent reports indicate that the United States has refused to renew the waivers that allowed Iraq to import gas and electricity from Iran. This was confirmed by Iraqi Foreign Minister Fuad Hussein on March 19, 2025, who noted that Washington described the decision as "irreversible."

This decision threatens to exacerbate the energy crisis in Iraq, which relies heavily on Iranian gas to power its power plants. Imported gas accounts for approximately 40% of the country's total energy needs, according to estimates from the Iraqi Parliament's Oil and Gas Committee.

On the financial front, the United States is seeking to restrict dollar transactions in Iraq to prevent its smuggling to Iran, which is suffering from massive economic pressures due to sanctions. According to a report, Washington believes that cutting off these financial arteries will directly weaken Tehran, thus strengthening the impact of the sanctions.

But this approach places the Iraqi government in a difficult position, as Iraq holds financial reserves exceeding $100 billion in the United States, making it dependent on Washington's goodwill to access its oil revenues.

Separately, statements by the Iranian ambassador to Baghdad, Mohammed Kazem Al-Sadiq, on March 27, 2025, sparked widespread controversy when he said that US President Donald Trump's letter to Iranian Supreme Leader Ali Khamenei included a request to dissolve the Popular Mobilization Forces and other armed factions.

However, Iraqi Prime Minister Mohammed Shia al-Sudani quickly denied any direct US request in this regard, stressing that any decision to dissolve the factions is linked to the end of the international coalition's presence in Iraq.

For his part, MP Alaa Al-Haidari defended the Popular Mobilization Forces Law, considering it an internal matter aimed at honoring those who sacrificed for the nation.

The Iraqi government is adopting a strategy of appeasement in its foreign policy, attempting to maintain a balance between the United States and Iran, two of its historical allies. However, this approach faces increasing challenges, especially with mounting US pressure to end economic and military coordination with Tehran. Analysts believe that Washington also aims to "undermine the unity of the arenas," the strategy Iran uses to connect its fronts in Iraq, Syria, Lebanon, and Yemen.

Economically, Iraq is paying the price for its heavy reliance on Iran for energy. Iraqi lawmakers have called for exploring alternatives, such as Qatar and Turkey, for gas imports. However, this step requires huge investments and a long time frame, both of which may be unavailable given the current crisis. Conversely, experts believe that economic decoupling between Baghdad and Tehran could increase pressure on Iran, but it could also cause internal unrest in Iraq, especially if the electricity crisis worsens. link

Mot........ Beeeeeee Careful Out there!!!!

Mot: . Goes to Show Ya -- That Folks will ---- ssiiggghhhh

The Fed Confirms Crisis as Hedge Fund Bailout Begins

The Fed Confirms Crisis as Hedge Fund Bailout Begins

Taylor Kenny:  4-1-2025

The Federal Reserve has quietly pulled back on its quantitative tightening policy.

While this may sound like an obscure financial adjustment, for those paying attention, it's a sign of something far more serious.

 This shift is a clear indication that the foundation of our financial system is under unprecedented strain. The question isn't when to get out of the current system—it's why wait?

The financial world is a complex web of interconnected policies and reactions. Often, the most significant shifts occur not with a fanfare, but with a hushed adjustment, a subtle tweak that speaks volumes to those who know where to listen.

That’s precisely what’s happening now as the Federal Reserve has quietly begun to ease back on its quantitative tightening (QT) policy.

For the uninitiated, quantitative tightening is the process of shrinking the Fed’s balance sheet by allowing previously purchased bonds to mature without reinvesting the proceeds. It’s essentially the opposite of quantitative easing (QE), which was used extensively to inject liquidity and stimulate the economy after the 2008 financial crisis and during the CovidD-19 pandemic. QT is intended to reduce inflation by decreasing the money supply and raising interest rates.

So, why is this seemingly minor recalibration a cause for concern? Because it suggests that the foundation of our financial system is showing significant cracks.

The Fed embarked on QT to combat inflation, a laudable goal. However, prematurely easing off the brakes suggests the economy, or more accurately, the financial system, is struggling to withstand the pressure.

Think of it as a doctor prescribing a medication and then, realizing the side effects are too severe, drastically reducing the dosage before the course is complete. The implication is clear: the patient is more fragile than initially anticipated.

In short, the Fed’s pivot is a signal that the system is under stress, struggling to cope with the very medicine intended to heal it.

While some may argue this is merely a prudent adjustment to navigate a complex landscape, others see it as a canary in the coal mine, warning of a potentially catastrophic collapse.

This raises a crucial question for informed individuals: If the very institutions designed to stabilize the financial system are signaling underlying fragility, should we continue to passively participate in the system as it is?

The question isn’t when to consider diversifying your assets, exploring alternative investment strategies, and understanding the risks and rewards of different financial landscapes. The question is: why wait? 

The Fed’s quiet adjustment is a wake-up call.

Staying informed, understanding the risks, and taking proactive steps to protect your financial future is no longer a luxury, but a necessity. The time to act is now, before the system’s cracks widen into a chasm.

Watch the video below from ITM Trading with Taylor Kenney for further insights and information.

https://www.youtube.com/watch?v=en4qsdooUo8

Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-1-25

Good Evening Dinar Recaps,

MASTERCARD WORKING ON BLOCKCHAIN TO CONNECT TRADFI AND CRYPTO: REPORT

Mastercard is developing a blockchain-powered Multi-Token Network to connect traditional financial institutions with the digital asset space.

The initiative, led by Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, aims to provide a compliant, user-friendly experience for moving digital assets, similar to Venmo or Zelle, according to Business Insider

Mastercard is positioning itself as a key infrastructure provider in the growing blockchain ecosystem. By integrating its vast payment network with blockchain technology, the company seeks to enable seamless transactions between fiat and crypto markets.

Dhamodharan highlighted that financial institutions are increasingly interested in blockchain due to its potential to create new business models.

Mastercard partnerships

The network has already secured partnerships with JPMorgan and Standard Chartered, focusing on cross-border payments, tokenized deposits, and carbon credit transactions.

Mastercard has also introduced over 100 crypto-focused card programs worldwide, allowing its 3.5 billion cardholders to interact with digital assets.

Since 2015, Mastercard has filed over 250 blockchain-related patents and backed 43 startups in the sector. Recent collaborations include a November 2024 integration with JPMorgan to improve cross-border settlements and a February 2025 partnership with Ondo Finance to bring institutional financial assets on-chain.

Mastercard’s blockchain expansion comes as U.S. regulators provide more clarity on digital assets, encouraging traditional finance firms to engage with crypto. Dhamodharan believes the company is well-positioned to capitalize on this momentum, leveraging its scale to drive broader blockchain adoption.

@ Newshounds News™
Source:  Crypto News

~~~~~~~~~

UK DIGITAL ASSET EXCHANGE ARCHAX EXPANDS TO US WITH ACQUISITION

UK digital asset exchange Archax has acquired Globacap Private Markets Inc. (Globacap PMI) a US regulated broker dealer and alternative trading system (ATS). It bought the US company from fellow British startup Globacap which provides workflow solutions for private markets and is also active in the digital assets sector.

"The acquisition of Globacap PMI in the US builds on the strong partnership we already have with them in the UK, and is a part of that global strategy," said Graham Rodford, CEO and co-founder of Archax.

“In particular, we want to help support institutional market participants transition from traditional to digital assets and give them the regulated tools and services they need to do that. The US is an enormous and important global market – and with the recent change of government and new, clearer and more open regulated landscape, it is important for firms in our space to have a clear US strategy – and this transaction gives us just that.”

Archax has a multilateral trading facility (MTF) license in the UK and recently acquired a Spanish broker to give it a footprint in the EU. It trades both cryptocurrencies and tokenized securities, targeting institutions. It grabbed headlines when it revealed the big UK asset manager abrdn as an investor in 2022.

To date its tokenization efforts has especially focused on funds, but also bonds and carbon credits. In January it announced plans to tokenize existing equities and government debt so they are usable as DLT-based collateral.

@ Newshounds News™
Source:  Ledger Insights

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Tuesday Afternoon 4-1-25

Oil Prices Fall Due To Trade War Fears

Economy | 11:15 - 01/04/2025  Mawazine News – Baghdad   Oil prices fell slightly on Tuesday, as concerns about the impact of the trade war on global growth outweighed worries about supply disruptions from U.S. President Donald Trump's threats to impose secondary tariffs on Russian crude and to bomb Iran. Brent crude futures were down 10 cents, or 0.1 percent, at $74.67 a barrel by 00:13 GMT.

U.S. West Texas Intermediate (WTI) crude futures fell 11 cents, or 0.1 percent, to settle at $71.37 a barrel, after hitting a five-week high the previous day. Slowing global growth is expected to dampen fuel demand, which could offset any supply losses caused by Trump's threats to bomb Iran and impose secondary tariffs on buyers of Russian oil. After news of Trump's threats initially sent prices higher on Monday, traders said they viewed the president's warnings to Russia, at least, as a bluff.

Trump told NBC News on Sunday that he was very angry with Russian President Vladimir Putin and would impose secondary tariffs of 25 percent to 50 percent on buyers of Russian oil. Moscow is trying to derail efforts to end the war in Ukraine. Imposing tariffs on oil buyers from Russia, the world's second-largest oil exporter, would disrupt global supplies and harm Moscow's largest customers, China and India. Trump has also threatened Iran with similar tariffs and bombing if Tehran does not reach an agreement with the White House on its nuclear program.
https://www.mawazin.net/Details.aspx?jimare=260471

Al-Fartousi: The Projects Launched By The Prime Minister In Maysan Will Be Completed By The End Of This Year

Maysan Governorate  Reconstruction and construction   Economy News – Baghdad  Maysan Governor Habib Dhaher al-Fartousi confirmed on Tuesday that the projects launched by Prime Minister Mohammed Shia al-Sudani in Maysan province will be completed by the end of this year.

Al-Fartousi said, in a statement reported by the official news agency, and seen by "Al-Eqtisad News," that "collecting the projects announced by the Prime Minister, including the Maysan oil refinery and the refinery's additional points amounting to 70,000 barrels per day, will be completed before the end of this year."

He added that "among the projects included in the 2025 budget is the expansion project for the Amara-Baghdad road, noting that "the Directorate of Roads and Bridges in the Ministry of Construction, Housing and Public Municipalities informed the governorate that this project was included in the current year's budget."

Prime Minister Mohammed Shia Al-Sudani visited Maysan Governorate and launched several projects, including the implementation works for the Maysan Refinery Development Project, expanding its refining capacity from 40,000 to 110,000 barrels/day,

and the inauguration of the (Greater Amara Unified Water) Project with a capacity of 16,000 cubic meters/hour, as well as the inauguration of the (Martyr Hussein Attia) bridges and tunnel project in Maysan Governorate, and the launch of the implementation works for the College of Medicine project/Maysan University,

 in addition to launching the implementation works for two rehabilitation projects: the (Amara-Al-Mashrah-Ghazaila-Al-Shaib) road, with a concrete bridge, and the (Amara-Al-Bateera-Al-Fajr) road, in addition to the inauguration of the Maysan Governorate Traffic Directorate building. https://economy-news.net/content.php?id=53989

Najaf: New Industrial Projects To Boost Investment

Money and Business  Economy News – Baghdad  Najaf's Deputy Governor, Karar Mahbouba, confirmed on Tuesday that a project to build state-of-the-art grain storage facilities to attract investment is imminent. He also indicated that the province is in the process of establishing an integrated industrial city that keeps pace with global modernity.

Deputy Governor of Najaf, Karar Mahbouba, said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, that "the local government in Najaf Governorate is working to establish an integrated industrial city with multiple components and developments that keep pace with global modernity."

Regarding grain stores, he indicated that "a committee has been formed in the local government of Najaf Governorate, headed by him, with the aim of establishing modern and advanced warehouses to attract capital owners in Najaf and other governorates."

He explained that "the governorate suffers from the presence of random warehouses near residential areas, which has led to population migration towards them, which is inappropriate. Therefore, we resorted to establishing regular warehouses."

The deputy governor added that "the committee members reviewed some successful experiences, especially in northern Iraq, and these will be utilized in Najaf Governorate," stressing that "significant progress has been made in the project, and sufficient space has been allocated for it. It is expected that the major project, which includes many developments, will be announced in the coming months."

He pointed out that "the project has been approved by the relevant government agencies and departments, the necessary land has been allocated, and the start of project implementation is expected to be announced soon."   https://economy-news.net/content.php?id=53998

Gold At Record High On US Tariff Fears

Tuesday, April 1, 2025 10:53 | Economic Number of reads: 257   Baghdad/ NINA /Gold prices reached an unprecedented level on Tuesday, as demand for safe-haven assets increased due to concerns that US tariffs could increase inflationary pressures and hinder economic growth.

Spot gold rose 0.6 percent to $3,143.05 an ounce, after hitting an all-time high of $3,148.88 earlier in the session.

U.S. gold futures rose 0.6 percent to $3,169.50, with gold prices recording their best quarterly performance since 1986.

Among other precious metals, spot silver fell 0.1 percent to $34.04 an ounce, platinum fell 0.1 percent to $991.41, and palladium rose 0.8 percent to $989.19.

U.S. President Donald Trump pledged to announce a broad tariff plan on Wednesday, imposing a series of new tariffs aimed at protecting U.S. industries and reducing the trade deficit.

Gold prices surpassed $3,100 an ounce for the first time on Monday, with a new wave of investments in safe-haven assets amid concerns about US tariffs and a potential economic slowdown. /End

https://ninanews.com/Website/News/Details?key=1195194

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 4-1-25

Good Afternoon Dinar Recaps,

US LAWMAKER WILL REINTRODUCE CRYPTO RETIREMENT BILL TO HELP TRUMP AGENDA

Senator Tommy Tuberville introduced the Financial Freedom Act in 2022 and 2023. Both times, the legislation failed to get out of committee.

For the second time, Alabama Senator Tommy Tuberville is set to reintroduce a bill aimed at allowing Americans to add cryptocurrency to their retirement savings plans.

In a March 31 Fox News interview, Tuberville said he planned to reintroduce his “Financial Freedoms Act” legislation after two failed attempts to get the legislation through Congress in 2022 and 2023. In announcing the bill, the Alabama senator said he wanted to help US President Donald Trump’s perceived role as a “crypto president.”

“Give people a chance to breathe for once [...] let them do what they do best [which] is invest their money,” said the senator.

The Financial Freedom Act, which Tuberville first introduced in the US Senate in May 2022, proposed scaling back regulations with the Department of Labor over the types of investments used in 401(k) retirement plan fiduciaries. The senator said he would reintroduce the bill on April 1, but congressional records showed no movement at the time of publication.

Wyoming Senator Cynthia Lummis was a cosponsor of the 2023 bill, but at the time of publication, it was unclear whether she intended to support it again. In a 2022 interview, the Republican senator said she was “very comfortable with making sure that people can include Bitcoin in their retirement funds.”

Crypto legislation in the 119th session of Congress

The crypto retirement bill came as members of the Republican-controlled Congress considered legislation to establish market structure rules for the industry and stablecoin regulations. Proponents of the legislation have suggested that lawmakers get the bills to Trump’s desk to sign into law before the August recess. After that time, they could become more politically charged issues.

On April 1, Florida voters will decide on their House representatives in the state’s 1st and 6th congressional districts. Republicans Jimmy Patronis and Randy Fine have support from the crypto industry through media buys financed by the Defend American Jobs political action committee. As of March 22, the PAC has spent roughly $1.5 million to support the two candidates.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

BRICS PRESIDENT EYES INCREASED DE-DOLLARIZATION AS US TRADE WAR LINGERS

The ongoing tensions between BRICS and the United States continue, with the bloc’s 2025 president eyeing increased de-dollarization as a US trade war lingers. Indeed, the West and Global South have been caught in a faceoff regarding the latter’s treatment of the US dollar.

Yet, the bloc has remained steadfast in its commitment to limited exposure and reliance on the greenback. Now, it appears all the more focused on that pursuit amid a plethora of global tariffs levied by an increasingly aggressive Trump Administration.

BRICS Eyeing Increased Local Currency Trade Amid US Tensions

For years, the BRICS bloc has sought to challenge the global status quo. Specifically, it has targeted the continued dominance of the US dollar in economics, with the asset becoming far and away the predominant global reserve currency. However, with the country’s penchant to weaponize the asset, the alliance saw de-dollarization as a method to secure its best interests.

That has drawn the ire of a returning US President Donald Trump, who threatened the bloc with 150% tariffs. With aggressive economic policy becoming a hallmark of the administration, those tensions may only fast-track. Indeed, the BRICS 2025 president is seeking increased de-dollarization amid a brewing US trade war.

The alliance operates on a rotating presidency, with Brazil taking up the mantle this year. According to a recent report, the country is in favor of expanding local currency trade. Indeed, the country’s Secretary of the Finance Ministry, Tatiana Rosito, recently confirmed as much.

“The trade in local currencies is already underway, for example, between Brazil and China,” she said. “No obstacles exist to that on the side of Brazil,” she added. “Therefore, the goal of BRICS is to expand the use of local currencies in any way that will make it possible to reduce costs and will be of interest for association members.”

The questions are, will the act be seen as advancing what is in the best interest of members of the bloc? Or as an affront against the greenback? Indeed, how it is interpreted will be critical in how Trump responds.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Seeds of Wisdom RV and Economic Updates Tuesday Morning 4-1-25

Good Morning Dinar Recaps,

BIG NEWS: SEC MOVES FORWARD WITH $150 MILLION LAWSUIT AGAINST ELON MUSK

According to ABC News, the Securities and Exchange Commission has decided to continue it’s $150 Million lawsuit against Elon Musk. As stated in a court filing on Monday, the leader of the Department of Government Efficiency has agreed to address the lawsuit alleging that he misled investors during his purchase of millions of dollars in Twitter stock in 2022, before acquiring the company.

The SEC, under former chairman Gary Gensler,  had filed a lawsuit in January 2025, accusing him of securities fraud related to his $44 billion takeover of Twitter, now known as X. The lawsuit alleges that Musk failed to timely disclose his ownership stake in Twitter before completing the purchase in 2022.

According to the SEC, Musk’s failure to report his stake—which exceeded 5% of the company—before the March 24, 2022 deadline allowed him to undervalue the shares he acquired. ‘

Regulators claim this non-compliance resulted in Musk paying at least $150 million less than he should have for the shares purchased after his disclosure was due. The lawsuit states that Musk filed his ownership report after the deadline, causing Twitter’s stock price to surge 27% following the filing.

Musk’s attorney, Alex Spiro, dismissed the lawsuit, stating that Musk has “done nothing wrong” and describing the legal action as a “sham.” This legal battle comes after years of scrutiny surrounding Musk’s Twitter acquisition. In 2023, the SEC also sued Musk for refusing to testify about the deal, claiming he “abruptly notified SEC staff” just two days before a scheduled appearance, citing “spurious objections.”

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

KENTUCKY JOINS SOUTH CAROLINA, VERMONT IN DISMISSING COINBASE LAWSUITS

Kentucky has dismissed its Coinbase staking suit days after passing pro-crypto legislation, following in the footsteps of other states.

Just days after South Carolina backed off its staking lawsuit against crypto exchange Coinbase, Kentucky has become the third state in as many weeks to fold, following Vermont’s exit last month.

The Kentucky Department of Financial Institutions filed a joint stipulation of dismissal on Monday, effectively ending its legal action over Coinbase’s staking services, which were previously accused of violating state securities laws.

“Congress needs to end this litigation-driven, state-by-state approach with a federal market structure law ASAP,” Coinbase Chief Legal Officer Paul Grewal posted on X following the lawsuit dismissal.

The case against Coinbase was originally part of a multistate effort launched the same day the U.S. Securities and Exchange Commission (SEC) sued the exchange in June 2023.

"One by one, in just a few short months, states across the country and party lines are standing up for consumers and sound law," Paul Grewal, Coinbase's Chief Legal Officer, told Decrypt. "Kentucky’s dismissal of its case against Coinbase, in rapid succession after Vermont and South Carolina, is a win for customers, innovation, and economic opportunity."

State regulators maintained that Coinbase’s staking program amounted to a securities offering that lacked the necessary registration under state laws.

Coinbase was essentially acting like an investment vehicle without proper registration or investor disclosures by pooling and delegating customer tokens in proof-of-stake networks, the regulators said.

Vermont exited the case on March 14, citing the dismissal of the federal lawsuit and the potential for clearer national regulation.

South Carolina followed days later, with Grewal noting its residents lost an estimated $2 million in staking rewards due to the ban.

The latest dismissal continues a trend of state-level enforcement pullbacks following the SEC’s own February decision to dismiss its case against Coinbase.

Combined with new federal guidance under SEC Acting Chair Mark Uyeda, who has taken a more conciliatory stance toward crypto, these developments point to shifting regulatory winds in favor of the crypto industry.

“This is not just a victory for us, but for American consumers,” Grewal said last week after South Carolina dropped its lawsuit. “We hope it's a sign of things to come in the few states left that restrict staking.”

As of now, seven states—California, New Jersey, Illinois, Washington, Alabama, Maryland, and Wisconsin—still have pending enforcement actions against Coinbase.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“Tidbits From TNT” Tuesday Morning 4-1-2025

TNT:

Tishwash:  Iraq's domestic debt is expected to rise to 81 trillion dinars in 2024.

The Central Bank of Iraq announced on Monday an increase in domestic debt, while also noting a decline in foreign reserves for 2024.

The bank stated in its report on monetary and financial indicators in Iraq, which was reviewed by the Iraq Observer, that "the Central Bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a decrease of 10.18% compared to the same period in 2023, when they amounted to 145.64 trillion dinars."

He added, "The reason for the decline in foreign reserves is the rise in domestic public debt, which is needed to cover the real deficit in the state's general budget."

The report indicated that "Iraq's domestic public debt increased by 17.70% to reach 83.05 trillion dinars in 2024, compared to 70.56 trillion dinars in 2023."  link

LouNDebNC: You should go to the link at the bottom, there are charts that make it easier to understand

 Status of US Dollar as Global Reserve Currency: Central Banks Diversify into Other Currencies and Gold

The surge of the “nontraditional reserve currencies.”

The status of the US dollar as the dominant global reserve currency has helped the US fund its twin deficits, and thereby has enabled them: the huge fiscal deficit every year and the massive trade deficit every year. The reserve currency status comes from other central banks (not the Fed) having purchased trillions of USD-denominated assets such as Treasury securities, other government securities, corporate bonds, and even stocks.

The dollar status as the dominant reserve currency has been crucial for the US, and as that dominance declines ever so slowly, risks pile up ever so slowly.

The US dollar lost further ground as top global reserve currency in 2024, according to the IMF’s COFER data released today. Total holdings of USD-denominated securities by other central banks (not the Fed) fell by $59 billion to $6.63 trillion at the end of 2024, from $6.69 trillion at the end of 2023.

And the dollar’s share declined to 57.8% of total allocated exchange reserves at the end of 2024, the lowest since 1994, down by 7.3 percentage points in 10 years, as central banks have been diversifying their holdings for years to assets denominated in currencies other than the dollar, and into gold.

The dollar had already experienced a huge loss of global confidence before: Its share plunged from 85% in 1977 to a share of 46% in 1991, after inflation had exploded in the US in the 1970s and early 1980s. But by the 1990s, as inflation had been brought down and mostly stayed down, central banks loaded up on USD-assets again, and the dollar regained share as a reserve currency until the euro became a full-fledged currency.

USD-denominated foreign exchange reserves include US Treasury securities, US agency securities, US MBS, US corporate bonds, US stocks, and other USD-denominated assets held by central banks other than the Fed.

The major reserve currencies.

Central banks holdings of foreign exchange reserves denominated in all currencies, including in USD, edged up in 2024 to $12.36 trillion (from $12.35 trillion at the end of 2023).

Excluded from the total are any central bank’s assets denominated in its own currency, such as the Fed’s holdings of Treasury securities and MBS, the ECB’s holdings of euro-denominated bonds, and the Bank of Japan’s holdings of yen-denominated assets.

The USD is not losing share to the euro. The euro has been the #2 global reserve currency, with holdings at $2.27 trillion at the end of 2024. Its share has been around 20% for years, with a low of 19.1% in 2016 and a high of 21.3% in 2020. In Q4, the euro’s share was 19.8% (blue in the chart below).

So over the years, the USD has not lost share to the euro; it lost share to other reserve currencies, including “nontraditional reserve currencies,” as the IMF calls them. The colorful tangle at the bottom of the chart represents the largest of these other reserve currencies. More on those in a moment.

The surge of the “nontraditional reserve currencies.”

Some of these other reserve currencies have been gaining share at the expense of the dollar, especially the currencies in the basket of the “nontraditional reserve currencies,” that the IMF combines into “All others,” whose combined share has been surging since 2020 (red in the chart below).

But the Chinese renminbi has lost share. China is the second largest economy in the world, but its currency, the renminbi, plays only a small role as a reserve currency. And it has lost ground against the USD and other currencies since 2022. Central banks have not been enamored with RMB-denominated assets due to China’s capital controls, the RMB’s convertibility issues, and other complexities (yellow line).

Note the surge of the nontraditional reserve currencies combined in the “all other currencies” group (red).

Japanese yen, 5.8% (YEN, purple).

British pound, 4.7% (GBP, light blue).

“All other currencies,” 4.6% (red).

Canadian dollar, 2.8% (dotted green).

Chinese renminbi, 2.2% (yellow).

Australian dollar, 2.1% (black dotted).

Swiss franc, 0.2% (black).

The other diversification: gold.

Gold bullion is not a “foreign exchange reserve” asset of central banks and  is not included in the data above. Gold is a “reserve asset” not involving  foreign exchange

 After four decades of unloading their gold holdings, central banks started re-adding gold about 20 years ago.

The top four holders have not changed their gold holdings in at least 20 years (based on IMF data released by the World Gold Council):

LINK to rest of story and charts

Mot..... Just Love Learning on the Internet!! -- Why Heres another!! 

Mot: Sorry!!! ------- April fools is ~~~~ canceled

Mot: ... donuts... oooops

MilitiaMan & Crew Big Picture-Iraq Prime Minister-Financial Technology-Future Banking

MilitiaMan & Crew Big Picture-Iraq Prime Minister-Financial Technology-Future Banking

3-31-2025

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=PQTFmAmAfnc

Seeds of Wisdom RV and Economic Updates Monday Evening 3-31-25

Good Evening Dinar Recaps,

TRUMP'S CRYPTO DEALINGS ARE MAKING REGULATION 'MORE COMPLICATED': HOUSE FINANCIAL SERVICES CHAIR

Rep. French Hill offered a rare rebuke of the president’s crypto dealings from within his own party, as multiple crypto bills make their way through Congress.

House Financial Services Committee Chair French Hill (R-AR) said Monday that the personal cryptocurrency dealings of President Donald Trump and his family have made drafting legislation for the novel sector “more complicated,” in a rare rebuke of the president’s personal activities by a key member of congressional Republican leadership.

Hill specifically named the president’s meme coin and stablecoin projects as two endeavors that have negatively impacted the work of lawmakers racing to create rules for the digital assets industry.  

“They have made our work more complicated,” Hill told reporters Monday, in reference to those projects.

Since returning to power, Trump and his inner circle have rapidly expanded their crypto portfolios at the same time that the president is determining policies with direct impact on those same assets and sectors.

 In recent months, Trump and business partners have launched a Solana meme coin and an Ethereum decentralized finance platform called World Liberty Financial, which recently announced its own stablecoin.

Meme coins are speculative crypto assets that derive their value from cultural significance—and which the SEC recently likened to “collectibles”—while stablecoins are digital assets designed to keep a steady peg to the U.S. dollar.

Trump and his family have already netted hundreds of millions of dollars from such endeavors; unrealized earnings from the same projects number in the billions.

Trump’s existing businesses have also aggressively expanded their exposure to crypto in the same period. Last week, the company that runs the president’s Truth Social media platform announced a partnership with Crypto.com to offer crypto ETFs.

Just this morning, the president’s son, Eric and Don Jr, inked a deal to launch their own Bitcoin mining venture.

At the same time, the president has signed multiple executive orders with direct impact on the crypto industry. Further, White House officials are currently, at his direction, working with Republicans in Congress to help shape key pieces of legislation that will create, for the first time, an American crypto regulatory regime.

Earlier this month, the president’s AI and crypto czar, David Sacks, dismissed the president’s personal crypto endeavors as “irrelevant” to industry regulation.

But it appears patience among congressional Republicans over the scope of those lucrative schemes may be waning. The House Financial Services Committee is set to mark up its version of proposed stablecoin legislation, the STABLE Act, on Wednesday, and will soon consider a newer version of a market structure bill, according to comments made by Chair Hill Monday.

A parallel stablecoin bill is also currently making its way through the Senate. Such bills, if passed into law, would for the first time offer a clear path to legal certainty for a variety of crypto projects and companies, based on their compliance with new rules currently being ironed out. 

Their passage is anticipated to bring with it a wave of investment and support for the crypto industry from traditional finance institutions that until now have been waiting on the sidelines.

Though those bills possess bipartisan support, Trump’s personal business dealings have offered resistant Democrats a convenient means to protest their passage.

Last week, Sen. Elizabeth Warren (D-MA) denounced the Trump-backed World Liberty Financial stablecoin, USD1, as a “grift,” and tied the project to pending crypto legislation.

“Congress should step up and fix the current stablecoin bill moving through the Senate that will make it easier for Trump—and Elon Musk—to take control of your money,” she said.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

BRICS NATION TURNS TO NORTH KOREA: COULD MEMBERSHIP BE NEARING?

For the first three months of the year, the West and the Global South have been engaged in a notable faceoff. Moreover, with a variety of factors playing into this growing tension, one BRICS nation has turned to North Korea as an unlikely ally as a membership for the country could be nearing.

The alliance has been confronted with an increasingly aggressive US President, Donald Trump. Specifically, Trump has threatened 150% tariffs on the countries for their part in global de-dollarization efforts. Now, another aspect of those disagreements could see North Korea become an unlikely ally for the alliance.

BRICS Look to North Korea as Alliance Could Be Forming

The BRICS bloc and the United States have created the basis for a potential trade war in 2025. China has sought to issue reciprocal tariffs as the alliance is caught in the crossfire of the US administration’s aggressive economic policy. Moreover, the bloc has turned to Russia, threatening increased sanctions as a means to fast-track an end to the Ukraine War.

Now, those talks may be continuing to brew a rather surprising allegiance on the global scale. Specifically, the BRICS bloc has sought out help from North Korea, as rumors of potential membership continue to surface. Indeed, Russia has gone to the nation for help. It is seeking an end to the ongoing Ukraine war on its own terms.

Russian President Vladimir Putin recently suggested that Ukraine be placed under a “temporary administration,” according to reports. Moreover, he noted this would be done “under the auspices of the UN, the United States, European countries, and our partners.”

Moreover, Putin called on specific countries to be involved in the ongoing talks for peace.

 “This is not only the United States but also the People’s Republic of China, India, Brazil, and South Africa—all BRICS countries,” he said. Moreover, he also noted that “the Democratic People’s Republic of Korea” would be included.

Putin’s relationship with the nation has been well documented. Additionally, in his inclusion of the nation, he used its official name. The move could be seen as an attempt to increase strategic cooperation. For Moscow, that may include seeking BRICS membership. However, there is still the belief that it would have a hard time getting full support from other bloc participants.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Monday Afternoon 3-31-25

Chairman Of The Ports Authority: Revenues Exceeded 400 Billion Dinars In Two Months

Money and Business  Economy News – Baghdad  The head of the Border Ports Authority, Major General Omar Al-Waili, confirmed the completion of the electronic linking process for all land, sea and air border crossings, revealing that revenues exceeding 400 billion dinars were achieved within two months.

Al-Waili said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The authority has completed the process of linking all land, sea, and air border crossings to a unified central operations room, whereby control operations are now managed directly and systematically via an electronic automation system."

He added, "The electronic link covers various regulatory areas, including auditing pre-inspection of goods, auditing the exemption program for imports into the country, and monitoring receipt audits."

Al-Waili explained that "preliminary statistics for the months of January and February of this year, 2025, showed revenues exceeding 400 billion Iraqi dinars," noting that "the authority seeks to double these revenues as part of its strategic plans to bolster the state's resources and control ports more effectively."   https://economy-news.net/content.php?id=53975

Al-Sudani Confirms That The Refineries' Refining Capacity Will Soon Reach 542,000 Barrels Per Day 

energy  Economy News – Baghdad  Baghdad – INA  Prime Minister Mohammed Shia al-Sudani confirmed on Sunday that  refineries' refining capacity will soon reach 1,542,000 barrels per day.
 
The Prime Minister's media office said in a statement seen by Al-Eqtisad News that
 
"Prime Minister Mohammed Shia al-Sudani launched the implementation work on the
 
     Maysan refinery development project, and the
     expansion of its refining capacity from 40,000 barrels to 110,000 barrels per day,
 
during his visit to the governorate, which he arrived at this afternoon." Al-Sudani explained that
 
"Eid this year will be marked by hard work, which will continue across various service and economic sectors." He emphasized that
 
"the Maysan refinery development and expansion project has been one of the stalled projects since 2014, when the government embarked on it as part of its approach to completing all stalled and suspended projects.
 
It will be implemented
 
     through national effort and national cadres, and
     in a record period of 6-8 months."
 
The Prime Minister pointed to the Baiji refinery expansion project, which
 
     added 70,000 barrels per day to refining capacity and
     will be operational within two months.

This project was also completed through national efforts and local expertise,
 
     raising the refining capacity of all Iraqi refineries to 542,000 barrels per day, a
     record level achieved for the first time in the Iraqi oil industry.  He pointed out that
 
"Maysan, which stood up to dictatorship and contributed to building the new Iraq, deserves this attention and care in every respect.
 
The project is part of the government's drive to
 
     achieve self-sufficiency in petroleum derivatives and
     convert 40% of exported oil into petroleum products,
 
due to the significant revenues it generates." He added,
 
"We talked about a 10-year period to achieve this goal, but
 
these projects will account for 40% of our oil exports by 2030.
 
With the Cabinet's approval to resume work on the Maysan refinery project,
 
we are looking at an industrial oil city, qualified to launch petrochemical and fertilizer projects.
 
These projects will provide thousands of direct and indirect job opportunities." The Prime Minister emphasized that
 
"the growth in these projects and programs represents the true reform of the Iraqi economy, which suffers from its
unilateral dependence on oil exports."
 
According to the Prime Minister's Media Office, the
 
Maysan Refinery Development Project, in its two phases, includes the
 
     construction of a new, world-class unit with a capacity of 70,000 barrels per day,
 
     which will contribute to increasing the refinery's capacity.

It will also include the construction of complementary units, including a
     hydrogenation and gasoline improvement unit, an
     FCC unit, a
     gas oil unit, and a
     kerosene unit, in addition to
     environmentally friendly service units.

The project will work to secure the needs of
 
     Maysan Governorate and
     neighboring governorates
 
for petroleum derivatives.
 
https://economy-news.net/content.php?id=53952 

Chairman Of The Ports Authority: Revenues Exceeded 400 Billion Dinars In Two Months

Money and Business   Economy News – Baghdad   The head of the Border Ports Authority, Major General Omar Al-Waili, confirmed the completion of the electronic linking process for all land, sea and air border crossings, revealing that revenues exceeding 400 billion dinars were achieved within two months.

Al-Waili said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The authority has completed the process of linking all land, sea, and air border crossings to a unified central operations room, whereby control operations are now managed directly and systematically via an electronic automation system."

He added, "The electronic link covers various regulatory areas, including auditing pre-inspection of goods, auditing the exemption program for imports into the country, and monitoring receipt audits."

Al-Waili explained that "preliminary statistics for the months of January and February of this year, 2025, showed revenues exceeding 400 billion Iraqi dinars," noting that "the authority seeks to double these revenues as part of its strategic plans to bolster the state's resources and control ports more effectively."   https://economy-news.net/content.php?id=53975

Iraqi Oil Maintains Its Rise In The Global Market

Economy | 03/31/2025   Mawazine News – Baghdad  Basra Heavy and Medium crude oil prices rose during weekly trading on the global market.

Basra Medium crude reached $74.38 per barrel, while Heavy crude reached $71.33 per barrel.

Data showed a slight decline in global crude oil prices, with British Brent crude reaching $73.39 per barrel, while US West Texas Intermediate crude reached $69.01 per barrel. https://www.mawazin.net/Details.aspx?jimare=260454

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