Seeds of Wisdom RV and Economic Updates Friday Morning 4-18-25

Good Morning Dinar Recaps,

ARIZONA LEADS CRYPTO RESERVE LEGISLATION RACE AS SB 1373 PASSES HOUSE COMMITTEE

▪️The Arizona Strategic Digital Assets Reserve Bill passed the House committee on Thursday.

▪️The bill, which calls for the creation of a strategic reserve, now awaits a final reading and full floor vote before reaching the governor’s desk for approval.

Arizona's Strategic Digital Assets Reserve Bill, or "SB 1373," passed the House committee on Thursday. It now awaits a third reading and a full floor vote before reaching the governor's desk for final approval.

The SB 1373 bill proposes the creation of a digital assets strategic reserve fund, which would consist of funds appropriated by the legislature and crypto assets seized by authorities.

The bill notes that the state treasurer would be allowed to deposit seized crypto into the fund via a qualified custody solution or a state-registered exchange-traded product, and that the treasurer may loan digital assets from the fund for additional returns.

"The state treasurer may not invest more than ten percent of the total amount of monies deposited in the fund in any given fiscal year," the bill says.

According to SB 1373, the term "digital assets" include virtual currency, virtual coin, and cryptocurrencies, which encompass bitcoin, stablecoins, non-fungible tokens, and other blockchain-based assets that carry economic or access rights.

A separate bill — the Arizona Strategic Bitcoin Reserve Act (SB 1025) — also passed the House on April 1. If enacted, SB 1025 would allow state funds to invest up to 10% in "virtual currency holdings."

However, Arizona's crypto reserve bills may face a significant roadblock in the legislative progress as Governor Katie Hobbs vowed to veto all bills until the legislature passes a disability funding measure.

Several other U.S. states are currently advancing crypto-related legislation. According to data from bitcoin legislation researcher Bitcoin Laws, Arizona has made the furthest progress in passing the digital asset reserve legislation, followed by Texas and New Hampshire.

@ Newshounds News™
Source:  The Block

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RUSSIA MULLS LOCAL STABLECOIN ISSUANCE TO CIRCUMVENT SANCTIONS

A Deputy Director at the Russian Finance Ministry, Osman Kabaloev, has floated the idea of Russia launching a stablecoin to help with import and export payments. Over the last three years, Russia has tried numerous routes to circumvent sanctions given its access to Swift for cross border payments is blocked.

A current popular route is the use of stablecoins, and Tether in particular. However, in early March, Tether froze $28.5 million in funds belonging to sanctioned Russian crypto exchange Garantex, causing it to suspend services.

“That blocking that recently happened… makes us think that we need to look at creating internal instruments like USDT, possibly tied to other currencies, like they do in the Emirates – a stablecoin for the dirham – and in many other countries,” Kabaloev said at a conference of the Association of Russian Banks, according to Reuters. He was referring to the recent launch of the AE Coin, a dirham stablecoin authorized by the Central Bank of the UAE. Notably, the dirham is pegged to the dollar.

This isn’t the first report about Russian stablecoins. Last August there were reports of plans to issue a stablecoin in the Chinese yuan as well as a BRICS basket. It’s unclear whether China’s government would support a yuan stablecoin or would prefer the use of its CBDC.

The yuan is relevant because a significant proportion of Russia’s cross border payments have now shifted to the Chinese currency.

Tokenization & crypto for cross border payments

Russia already has two experimental programs that can be used for cross border payments. It has digital financial asset (DFA) issuance, its regulated tokenization regime that was launched before the Ukraine invasion. This supports assets such as tokenized gold or oil, and Iran said it was working with Russia on using tokenized assets for payments.

DFAs were originally intended for domestic investments, but a year ago Russia passed a law allowing DFAs to be used for cross border payments. Around the same time, local ratings agency ACRA highlighted frictions for foreign DFA holders because they’d have to onboard with Russian banks.

Russia’s central bank is not a big fan of cryptocurrencies, and initially resisted their use for cross border payments. However, late last year a new experimental program was launched to support the use of cryptocurrencies for imports and exports.

Mr Kabav also mentioned proposals the Central Bank subloemitted for crypto trading.

On the payments front he said, “Pilot transactions were conducted at the end of December, and now the mechanism is gaining momentum. Therefore, we hope that we will only strengthen and expand this area.”

At the same time Russia is working on a digital ruble central bank digital currency (CBDC), and there’s been much talk of a BRICS Bridge. That’s a planned cross border CBDC payment system for local currency payments amongst the ten BRICS member states.

@ Newshounds News™
Source:  Ledger Insights

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RUSSIAN SENATOR ANTICIPATES CREATION OF BRICS+, DOZENS OF NATIONS POTENTIALLY INVOLVED

Deputy Speaker of the Federation Council Konstantin Kosachev revealed that several countries are set to join the BRICS+ initiative, aiming to include the maximum number of participants. The Russian senator emphasized that this geopolitical group would facilitate direct interaction with dozens of countries outside the bloc.

Deputy Speaker of the Federation Council Konstantin Kosachev revealed that several countries are set to join the BRICS+ initiative, aiming to include the maximum number of participants. The Russian senator emphasized that this geopolitical group would facilitate direct interaction with dozens of countries outside the bloc.

Russian Senator Reveals Future Creation of BRICS+ Geopolitical Group

The BRICS alternative bloc, composed of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates, is now seeking to expand its reach and influence to other countries through BRICS+.

Konstantin Kosachev, a Russian Senator of the Federation Council, said the bloc will deploy this new initiative to put dozens of allied countries in direct contact with the organization.

Kosachev stated:

This will not be a closed association for BRICS countries and partners, but rather a broader platform aimed at including the maximum number of participants.

The Russian Senator noted that several nations, including China, Iran, the United Arab Emirates, Ethiopia, South Africa, and Brazil, the current president of BRICS, had expressed their support for the BRICS+ initiative. “Several other countries are still considering their positions, but in this case, as within the entire association, we do not impose our will or attempt to enforce a single discipline,” he clarified.

The idea would be discussed during the next Parliamentary Forum in June, where representatives of the member states and allied nations will be present. “We hope to reach some decisions to formalize this initiative on the platform of the Inter-Parliamentary Union during the autumn assembly,” Kosachev concluded.

The news hints at a new level of cooperation between the BRICS bloc and its allies centered in the BRICS+ initiative, which could be used to coordinate binding economic and governance policies seeking to strengthen the group’s position in the face of the current financial turmoil and market uncertainty.

Per Russian Foreign Minister Sergey Lavrov’s statements, these measures could include adopting a common payment system, which will also be available for countries outside the group.

@ Newshounds News™
Source: Bitcoin News

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“Tidbits From TNT” Friday Morning 4-18-2025

TNT:

Tishwash:  In a meeting with Al-Sudani, Oman offers a digital partnership to Iraq.

Prime Minister Mohammed Shia al-Sudani received today, Thursday, the Omani Minister of Transport, Communications and Information Technology, Saeed bin Hamoud al-Maawali.

 According to a statement from his office, a copy of which was received by {Euphrates News}, Al-Sudani welcomed the Omani minister and sent his greetings to the Sultan of Oman.

Al-Sudani pointed out that "the level of development, employment, and investment in Iraq, including the telecommunications sector, has advanced and improved, thanks to the political, security, and social stability the country is witnessing, as well as the economic renaissance," stressing that "the many commonalities between Iraq and the Sultanate of Oman provide an opportunity to develop economic and investment cooperation between the two countries."

For his part, Al-Maawali praised Iraq's achievements on various fronts, reviewing "the results of his discussions in Baghdad," and affirming "the readiness of his country's public and private sectors to cooperate with Iraq in the field of the digital economy and digital government."

 Al-Maawali also expressed his country's "readiness to cooperate in the ports and airports sectors by investing in projects related to various Iraqi airports."  link

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Tishwash:  What are the consequences of basing the budget on an oil price of $55?

 Economic analyst Abdul Rahman al-Mashhadani warned on Thursday of the repercussions of basing the oil price at $55 per barrel on the general budget law. He noted that this measure will lead to a financial deficit exceeding 80 trillion dinars, threatening a stifling economic crisis in the country.

Al-Mashhadani told Al-Maalouma, “Adopting a price of $55 per barrel in the budget is unrealistic in light of the ongoing fluctuations in global markets, and could result in a huge financial deficit that would exacerbate Iraq’s economic and financial crises.”

He added, “Some experts believe that reducing the price of oil to $55 per barrel could increase the fiscal deficit, reflecting the inaccuracy of this budgeting mechanism.” He emphasized that "continuing this approach could lead Iraq to a real economic catastrophe."

Al-Mashhadani pointed out that "the only solution lies in the government's deliberate reduction of operating and investment expenditures and its efforts to diversify sources of income instead of relying entirely on oil revenues." He called for "the development of a comprehensive economic reform plan that relies on the private sector, agriculture, industry, and tourism as alternative and sustainable sources."

A number of experts suggested that calculating the price of a barrel of oil at $55 is the most appropriate option to address the current financial crisis, given the realism it provides in the estimates and the avoidance of falling into a larger budget deficit.   link

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Tishwash:  A budget hanging on an oil thread.. The cost per barrel reveals the depth of the rift between Baghdad and Erbil.

 Member of the Oil and Gas Committee, MP Ali Shaddad, confirmed today, Friday (April 18, 2025), that Article (12) of the Triennial Budget Law represents one of the most prominent reasons for the delay in sending the 2025 budget tables to the House of Representatives, explaining that it sparked a sharp dispute between the federal government and the Kurdistan Regional Government.

Shaddad's media office said in a statement received by "Baghdad Today", that "the budget schedules for the year 2025, which the government is supposed to send to the House of Representatives for approval, may be delayed due to the lack of agreement on Article (12) of the Triennial Budget Law, in addition to the decline in oil prices." 

He added that "the decline in oil prices will contribute to the exacerbation of the financial deficit in the budget," indicating that "the latter was built on the basis of an estimated price per barrel of (70) dollars, which is no longer realistic in light of the decline in prices, in addition to the accumulated deficit from the past two years." 

Shaddad continued, "The government is concerned about the financial obligations that may be imposed by the budget schedules," noting that "the latter has announced on more than one occasion that it is suffering from a severe shortage of financial liquidity." 

He stressed that "this shortage will not affect the salaries of employees and retirees, but it may lead to delays in the disbursement of certain financial dues, such as bonuses and promotions, as well as delays in the release of governorate budgets."  link

Mot: Started the Day off with ~~~~~

Mot: . and Ur Bunny Name is ~~~~~~ 

MilitiaMan & Crew: Iraq Dinar-Prime Minister of the Region to Al-Sudani to Activate Article 140 - Resolving Article 140

MilitiaMan & Crew:  Iraq Dinar-Prime Minister of the Region to Al-Sudani to Activate Article 140 - Resolving Article 140

4-17-2025

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=56ILrDUai7k

Iraq Economic News and Points to Ponder Thursday Afternoon 4-17-25

Parliament's Finance Committee Expects The 2025 Budget To Be Unavailable At This Time: Its Deficit Will Reach 60 Trillion Dinars.

Local | 10:09 - 04/17/2025  Mawazine News – Baghdad  Parliament's Finance Committee said on Thursday that it is unlikely that the 2025 budget will be submitted at the present time, while it expected its deficit to be 60 trillion dinars.

Committee member Jamal Koujar said, according to the official newspaper: "We expect that the current year's general budget tables will not reach parliament at the present time, due to the decline in oil prices, as it was based on a price of $70 per barrel."

He stressed that "if the old price is adopted, the deficit will be around 60 trillion dinars, in addition to an actual deficit accumulated from the past two years."  https://www.mawazin.net/Details.aspx?jimare=260794

Iraq And The United States Of America Discuss Strengthening Bilateral Relations In Various Fields

Thursday, April 17, 2025 10:21 PM | Politics Number of readings: 16   Baghdad / NINA / The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Mohammed Hussein Mohammed Bahr Al-Uloom, received at the ministry's headquarters in Baghdad the Deputy Chief of the US Mission to Iraq, Elizabeth Trudeau, and her accompanying delegation.

A statement by the Ministry of Foreign Affairs stated that during the meeting, ways to enhance bilateral relations between Iraq and the United States in various fields of common interest were discussed.

Bahr Al-Uloom stressed Iraq's keenness to develop frameworks for bilateral cooperation, especially in the fields of energy, electricity, economy, education, health, technology transfer, and capacity building.

He pointed to the importance of the meetings of the Higher Coordination Committee emanating from the Strategic Framework Agreement, calling for expediting their convening and activating new cooperation mechanisms that embody mutual interests and the progress Iraq is witnessing in the security, economic, and development fields.

The two sides also discussed the importance of exchanging official visits between the two countries, given their role in strengthening ties of cooperation, in addition to discussing the ongoing preparations for a number of upcoming visits.

Trudeau expressed the United States' readiness to enhance bilateral cooperation, affirming her government's commitment to supporting the Iraqi government's efforts, and praising Iraq's active role in consolidating stability in the region. /End  https://ninanews.com/Website/News/Details?key=1198429

Reconstruction: World Bank Financing Of Projects Will Create Jobs And Support The Private Sector

Reconstruction and construction   Economy News – Baghdad   The Ministry of Construction and Housing confirmed on Thursday that the World Bank's facilities will contribute to improving public services in remote and deprived areas, while explaining that the World Bank's financing of projects will create job opportunities and support the private sector.

“The World Bank’s provision of project financing facilities will contribute to expanding the scope of reconstruction with infrastructure services, such as the construction and rehabilitation of water purification plants and sewage treatment plants, as well as road projects, especially in areas that have not been previously implemented and that need these services,” said ministry spokesman Nabil Al-Saffar in an interview followed by “Al-Eqtisad News.”

 He pointed out that “they contribute to improving public services, especially in remote and deprived areas or those affected by wars and terrorist operations.”

He added, "These projects contribute to creating job opportunities and supporting the private sector by providing financing and supporting economic reforms in the country." He noted that "an agreement was previously concluded between the Iraqi government and the World Bank for Reconstruction and Development in 2015 to reconstruct areas affected by terrorist operations."

He explained that, "according to this agreement, 20 projects were completed, distributed among 20 districts and sub-districts within three governorates (Salah al-Din, Diyala, and Anbar), including the rehabilitation of water and sewage stations, with the number of beneficiaries reaching approximately 3 million people, in addition to a number of projects to equip specialized equipment for the municipal, water, and sewage sectors."   https://economy-news.net/content.php?id=54542

Oman Offers Iraq Cooperation In Ports And Airports Through Investment.

Buratha News Agency1442025-04-17   Prime Minister Mohammed Shia al-Sudani received Omani Minister of Transport, Communications and Information Technology Said bin Hamoud al-Maawali on Thursday, with the latter offering cooperation in the ports and airports sectors through investment.

A statement from his office stated that "Prime Minister Mohammed Shia al-Sudani received today, Thursday, the Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud al-Maawali."

According to the statement, Al-Sudani expressed his "welcome to the Omani minister, sending his greetings to the Sultan of Oman," noting "the progress and advancement of the level of development, the labor sector, and investments in Iraq, including the communications sector, thanks to the political, security, and social stability and economic renaissance the country is witnessing."

The Prime Minister stressed that "the many commonalities between Iraq and the Sultanate of Oman provide an opportunity to develop economic and investment cooperation between the two countries."

For his part, Al-Maawali praised "what has been achieved in Iraq on various fronts and reviewed the results of his discussions in Baghdad, affirming the readiness of his country's public and private sectors to cooperate with Iraq in the field of the digital economy and digital government. He also expressed his country's willingness to cooperate in the ports and airports sectors by investing in projects related to various Iraqi airports."   https://burathanews.com/arabic/news/458947

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 4-17-25

Good Evening Dinar Recaps,

OKX GOES LIVE IN THE US AFTER SETTING UP NEW HEADQUARTERS IN SAN JOSE, CALIFORNIA

The world’s sixth-largest crypto exchange by daily trading volume is now accessible to the American market.

In a statement, OKX says that it is accelerating its expansion in the US with the official launch of its centralized exchange and web3 wallet in the country.

The move enables existing OKcoin customers to migrate to the OKX platform, though new user registration won’t be available until later this year.

The Seychelles-based firm says the measured rollout will help ensure a secure onboarding process for customers.

OKX has also set up its headquarters in San Jose, California, and appointed former Barclays Investment Bank director Roshan Robert as the new US CEO as part of its US strategy.

Says Robert,

“This expansion in the United States is not only the expansion of the business map, but also a solemn commitment to ‘responsible growth’. In the face of the evolving regulatory environment, we are working closely with regulators and policymakers to ensure sound operation on a transparent and compliant basis.”

The exchange says it positions itself at the heart of Silicon Valley’s innovation system by setting up the new California headquarters.

“This strategic move strengthens OKX’s regional operations, enabling it to recruit top-tier talent, foster cutting-edge product development, and expand its presence in the world’s largest financial market.”

@ Newshounds News™
Source:  The Daily Hodl

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BRICS EXPANSION: 44 COUNTRIES READY TO JOIN ALLIANCE IN 2025

BRICS expansion could be a major topic of discussion as the total number of countries expressing interest in joining the alliance is growing in 2025. The 17th summit is scheduled to be held on July 7 and 8 in Brazil’s Rio De Janeiro. The 10-member bloc will decide the future of the alliance, and all decisions will be based on consensus.

A BRICS expansion in 2025 could also accelerate de-dollarization as more countries look to end reliance on the US dollar. Apart from the sanctions, Trump’s recent tariffs are also making emerging economies distrust the White House policies.

44 Countries Show Interest to Join BRICS as Expansion Talks Grow in 2025

Vietnam is the 44th country that has expressed interest in joining the alliance this month. China, Russia, and Iran are looking at BRICS expansion in 2025 while the other members are stepping back.

Russia and Iran are reeling under US sanctions making their economies remain under pressure and lose business deals. 

Out of the 44 countries, 23 nations have formally submitted their applications while 21 have informally expressed interest to join.

On the other hand, China wants to use the bloc as a stepping stone to dismantle the US dollar’s dominance.

Therefore, BRICS expansion in 2025 will only help China, Russia, and Iran as more countries will join the de-dollarization bandwagon. The decision to add more countries will be decided in the upcoming summit in Rio De Janeiro.

“Vietnam consistently pursues its foreign policy of independence, self-reliance and multilateralization and diversification of international relations, and being a trusted friend and responsible member of the international community,” said Vietnam’s Foreign Ministry’s spokesperson about the country’s interest in being a part of the BRICS expansion in 2025.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 4-17-25

Good afternoon Dinar Recaps,

TRUMP SLAMS POWELL OVER RATE CUTS: ‘TOO LATE AND WRONG!’ CALLS FOR FED CHAIR’S REMOVAL

U.S. President Donald Trump slammed Fed Chair Jerome Powell on Thursday, saying he’s “always too late and wrong” for not cutting interest rates. Trump believes the Fed should have acted way sooner to support the economy.

He notes that the European Central Bank might have already cut rates multiple times while Powell has been slow to act. Trump also mentioned in his post that oil prices and groceries, including eggs, have gone down and the US is benefitting from tariffs.

Trump Calls For Powell’s Termination

He notes that Powell should have acted sooner but he still needs to reduce the rates now. He also expressed frustration over Powell’s leadership, calling for his removal. “Powell’s termination cannot come fast enough!” he said.

In his Wednesday speech, Powell stated that the Fed would wait for more economic data before adjusting the interest rates. He also warned that the tariff policies could further push jobs off the track. Besides, he also added that the recent market volatility is a natural reaction to the administration’s shifting trade policies, and that is not something that the Fed requires to intervene.

“For the time being, we are well positioned to wait for greater clarity before considering any adjustments to our policy stance,” Powell said in his speech to the Economic Club of Chicago.

Powell’s Remarks Add to The Tensions

Powell said that the US tariffs could raise inflation and the public would end up paying for it. Trump also called Powell’s report ‘a complete mess’ and warned that Trump’s extensive tariffs on trade partners could force the Fed to make a difficult choice between tackling inflation and rising unemployment. 

Notably, these remarks further escalates the tensions between the White House and the Fed amidst a politically charged economic period.

Trump’s sweeping and unpredictable tariff policies have left the investors and trade partners unsettled and worrying over its potential impact on international trade. While Trump has urged Powell to cut rates, the Central Bank has held the interest rates steady at 4.25 to 4.5% since the start of the year.

@ Newshounds News™
Source:  Coinpedia

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CHINA IMPORTS RECORD AMOUNTS OF CANADIAN OIL, CUTS US PURCHASES

China has begun importing record amounts of Canadian crude oil while slashing purchases of US oil by roughly 90% amid a growing trade war. A pipeline expansion in Western Canada has presented China and other East Asian oil importers with expanded access to the vast crude reserves in Alberta’s oilsands region. The deal resumes China’s oil imports while allowing the country to avoid making a new oil deal with the USA.

According to data from Vortexa Ltd., Chinese crude imports from the port at the pipeline terminus near Vancouver surged to 7.3 million barrels in March. On the flip side, Chinese imports of US oil have collapsed to 3 million barrels a month from a peak of 29 million in June. 

“Given the trade war, it’s unlikely for China to import more US oil,” Wenran Jiang, president of the Canada-China Energy & Environment Forum, told Bloomberg. “They are not going to bank on Russian alone or Middle Eastern alone. Anything from Canada will be welcome news.”

Just yesterday, oil futures turned higher after Chinese officials signaled that they might be willing to engage with the U.S. However, those talks appeared to have reversed, as now the BRICS founder is working with Canada, another victim of US tariffs. China likely isn’t going for oil from the Middle East due to oil from Alberta being inexpensive compared to the Middle East.

While the oil price surge from China-US trade news gave a bit of relief, there are still significant challenges that remain in the market. The International Energy Agency just recently slashed its global oil consumption forecast, basically saying that supply additions will probably exceed demand. And those surprisingly large output increases that OPEC and its allies announced further complicate this whole situation. The trade war is streaming into the oil industry, causing countries like China to look for new options.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Thursday Morning 4-17-25

 Good Morning Dinar Recaps,

RIPPLE VS SEC LAWSUIT UPDATE: 60-DAY COURT PAUSE EXPLAINED

▪️The Ripple-SEC case is paused for 60 days, sparking speculation of behind-the-scenes developments.

▪️A crypto lawyer suggests Ripple and the SEC might be negotiating a settlement and seeking clarity on private token sales.

▪️The case's future hinges on potential agreements, Judge Torres' rulings, and could extend into late 2026 if no deal is reached.

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is taking yet another twist. While the U.S. Court of Appeals has agreed to pause the case for 60 days, this has sparked fresh speculation and raised new questions: Is something happening behind the scenes? Could a major shift be coming in one of crypto’s most closely watched legal fights?

Prominent crypto lawyer James Farrell has shared some insights that might offer clues – and they’re worth paying attention to.

Why the Pause?

According to Farrell, this pause may be a sign of major developments ahead. Both Ripple and the SEC asked for the pause together, which suggests they might be working on something behind closed doors.

Farrell says there are two possibilities in play: a potential settlement and an “indicative ruling” from Judge Analisa Torres. Ripple is hoping the judge will allow it to sell private tokens under certain conditions—something it’s currently not allowed to do because of past violations.

If Ripple isn’t allowed to sell tokens privately, it may not be able to go public any time soon. While other crypto companies might move ahead with IPOs, Ripple could be stuck waiting for years before launching its own.

Two Possible Paths Forward

Farrell explains that Ripple and the SEC might be considering two paths:

▪️Settlement Without Rule Change
Ripple could offer a settlement to the SEC. If the SEC accepts the deal but denies Ripple’s request to change the rules, the case would end. However, Ripple would still need Judge Torres to approve the rule change. That process could take another 3 to 6 months – and there’s no guarantee the judge would say yes.

▪️Full Agreement With Rule Change
In this option, the SEC agrees to both the settlement and Ripple’s request. The case would return to Judge Torres, who would then decide how to move forward. But even in this case, it could still take months, depending on how quickly the court acts.

How Soon Could This End?

If Ripple and the SEC reach a full agreement, the appeal could be dismissed as early as next month. But if Ripple has to file separately for rule changes, things could drag on much longer.

If no deal is made at all, the case could go back to the appeals court – possibly stretching the legal battle into late 2026 or even 2027.

The SEC is expected to make its next official move by June 15. Until then, both the crypto world and the legal community will be watching closely to see what happens next.

Ripple’s path forward might be uncertain, but the next few months could shape the future of crypto regulation in a big way.

@ Newshounds News™
Source:  Coinpedia

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CARDANO ENTERS BRAZIL THROUGH MAJOR UNIVERSITY COLLABORATION

The Cardano Foundation has formally announced a new partnership with the Pontifical Catholic University of Rio de Janeiro (PUC-Rio), a top-ranked Brazilian university renowned for its contributions to research and development.

The collaboration, revealed on April 15, will concentrate on the advancement and practical application of blockchain technology, specifically within the energy sector in Brazil.

Cardano Partners with Top Brazilian University

PUC-Rio is recognized as one of the top five private universities in the world for excellence in research and development, and it has a broad history of partnerships within the energy industry.

 The establishment of this collaboration follows previous cooperative efforts between PUC-Rio and the Brazilian state-owned enterprise Petrobras, as well as the Cardano Foundation’s own involvement with Petrobras on blockchain-driven initiatives.

Through this new endeavor, PUC-Rio’s Ledger Labs—a research group concentrating on the utilization of DLT in finance and business—will receive support from the Cardano Foundation to explore various aspects of blockchain implementation. 

According to official statements, the initial areas of focus will include blockchain economics, decentralized finance (DeFi), governance of decentralized autonomous organizations (DAOs), and digital assets.

“At the core of blockchain advancement are education and innovation. Through our collaboration with esteemed academic institutions like PUC-Rio, the Cardano Foundation ensures that the next generation of developers, industry leaders, and regulators can harness this transformative technology to its fullest potential—creating solutions that address real-world challenges and drive positive global impact,” Cardano Foundation CEO Frederik Gregaard commented.

The immediate emphasis of this alliance will be directed toward developing blockchain-based solutions that enhance production, consumption, and overall value chains in renewable energy fuels. Joint research and pilot projects in cooperation with Petrobras are expected to delve into specific methods of applying Cardano’s blockchain infrastructure to processes such as tracking and verifying energy outputs, optimizing workflows, and ensuring robust data integrity.

Ledger Labs at PUC-Rio will serve as the operational base for these studies. Leonardo Lima, Vice-Dean of the university and head of Ledger Labs, noted that the scope of the partnership will also encompass philanthropic endeavors geared toward social impact.

“Our partnership with the Cardano Foundation marks the beginning of the development of a series of use cases, not only in the energy industry but also in the field of philanthropy, with a focus on social impact projects,” he said.

Beyond the technological and scientific research, the partnership aspires to enrich PUC-Rio’s blockchain ecosystem by hosting joint events, supporting student-led social projects, and inviting other organizations to collaborate on emerging blockchain strategies. 

A significant part of this development will occur through A.L.B.A (Ada Labs for Blockchain Applications), an arm of Ledger Labs that is expected to integrate standards previously introduced at the Universidad Tecnológica Nacional (UTN) in Buenos Aires, Argentina.

The Foundation’s current expansion in Brazil reflects its growing footprint in the region. “Our partnership with PUC-Rio marks the Cardano Foundation’s second collaboration with a Brazilian entity this year. Last month, we announced our partnership with SERPRO, the world’s largest public IT company, and we have been collaborating with Petrobras, Brazil’s state-owned energy company, since 2023,” said Rafael Fraga, LATAM Business Development Lead for the Cardano Foundation.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

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“Tidbits From TNT” Thursday Morning 4-17-2025

TNT:

Tishwash:  Iraqi government banks suspend loans and advances

An informed source stated on Thursday that some government banks, including Rafidain Bank, have suspended granting loans and financial advances to citizens.

The source told Shafaq News Agency, "Some government banks, particularly Rafidain Bank, have stopped granting loans and advances so far, despite the passage of five months of the current fiscal year. Others have issued loans and advances, but on a very limited basis."

He added, "The main reason behind banks' failure to perform their credit role, including granting loans and advances, is the lack of financial allocations."

The source also pointed out that "many citizens have called on Parliament, the Finance Committee, and the government to intervene to release loans, advances, construction loans, and home purchase loans."

Both Rafidain and Rashid Banks provided loans and advances to employees and citizens for various purposes, such as construction, land purchases, car purchases, and other purposes, at a specific interest rate and for a predetermined period.  link

Tishwash:  Reconstruction: World Bank financing of projects will create jobs and support the private sector.

The Ministry of Construction and Housing confirmed on Thursday that the World Bank's facilities will contribute to improving public services in remote and deprived areas, while explaining that the World Bank's financing of projects will create job opportunities and support the private sector.

“The World Bank’s provision of project financing facilities will contribute to expanding the scope of reconstruction with infrastructure services, such as the construction and rehabilitation of water purification plants and sewage treatment plants, as well as road projects, especially in areas that have not been previously implemented and that need these services,” said ministry spokesman Nabil Al-Saffar in an interview followed by “Al-Eqtisad News.” He pointed out that “they contribute to improving public services, especially in remote and deprived areas or those affected by wars and terrorist operations.”

He added, "These projects contribute to creating job opportunities and supporting the private sector by providing financing and supporting economic reforms in the country." He noted that "an agreement was previously concluded between the Iraqi government and the World Bank for Reconstruction and Development in 2015 to reconstruct areas affected by terrorist operations."

He explained that, "according to this agreement, 20 projects were completed, distributed among 20 districts and sub-districts within three governorates (Salah al-Din, Diyala, and Anbar), including the rehabilitation of water and sewage stations, with the number of beneficiaries reaching approximately 3 million people, in addition to a number of projects to equip specialized equipment for the municipal, water, and sewage sectors."  link

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Tishwash:  Nechirvan Barzani calls on Al-Sudani to activate the Article 140 Committee and thanks him for his efforts regarding Halabja.

Kurdistan Region President Nechirvan Barzani called on Prime Minister Mohammed Shia al-Sudani on Wednesday to activate Article 140 of the Constitution regarding the disputed areas between Erbil and Baghdad, while praising his role in establishing Halabja Governorate.

In a speech delivered at the ninth Sulaymaniyah Forum, Nechirvan Barzani said, "In the Kurdistan Region, regarding our relations with the federal government in Baghdad, we affirm our unwavering commitment to the Iraqi constitution as a framework for regulating this relationship. We believe that the constitution, with its principles of federalism, pluralism, and partnership, is the true guarantor of the rights of all components of Iraq without discrimination."

He added, "The recent period has witnessed remarkable progress in resolving the issues between Erbil and Baghdad, thanks to the commendable efforts of Prime Minister Mohammed Shia al-Sudani, which deserve our appreciation." He added, "Al-Sudani's vision of strengthening commonalities and reducing differences is the correct vision for a solution, and I emphasize here the urgent implementation of the property restitution law and the activation of the committee to implement Article 140 of the Iraqi Constitution."

Nechirvan Barzani stressed that "we will continue constructive dialogue with the federal government to reach permanent solutions to all problems in a way that serves the interests of Iraq, with all its components, and guarantees and secures the constitutional rights and entitlements of all."

He stressed that "the Kurdistan Parliament must be activated in light of the current circumstances and challenges in the region. Therefore, the primary task of the Kurdistan Democratic Party, the Patriotic Union of Kurdistan, and the winning parties in the Kurdistan Parliament elections is to expedite the formation of the new government cabinet for the Kurdistan Region, and for it to be a government that responds to the aspirations of the citizens and is capable of dealing appropriately with developments and challenges."  link

Mot:  Are We there Yet?????

Mot: ... Ya Knows -- What ole ""Golf"" Actually is - Don't Ya!!! 

Iraq Economic News and Points to Ponder Wednesday Afternoon 4-16-25

An Economic Expert Told NINA: US Tariffs Will Contribute To Raising Oil Prices

Wednesday, April 16, 2025 14:55 | Economic Number of reads: 142  Baghdad / NINA / Economic expert Safwan Qusay confirmed on Wednesday that imposing US tariffs on some countries will contribute to raising oil prices and thus reflect on the oil-producing countries of the Middle East.

He said in a statement to / NINA /: "Imposing economic tariffs by Washington will contribute to the withdrawal of many American investments in the world, as well as the possibility of increasing the production volume of companies within the US to meet demand within the Washington environment, stressing that raising such tariffs on Chinese goods will contribute to reducing oil consumption in China until China succeeds in finding other markets, and this issue needs some time and will be reflected in oil prices and thus reflect on the oil-producing countries of the Middle East."

He stressed, "Iraq needs to intensify trade conditions with the United States of America to ensure the presence of American goods in the Iraqi market and to support the issue of reducing these tariffs."

He continued, "Iraq can contain this crisis and has succeeded in establishing good relations with the United States of America, and there are no indications of oil prices falling below their current levels of $65, which is a price sufficient to cover operating expenses for this period." /End https://ninanews.com/Website/News/Details?key=1198180

Slight Increase In Basra Crude Oil Prices

Wednesday, April 16, 2025 10:26 | Economic Number of reads: 196  Baghdad / NINA / Basra Heavy and Medium crude prices rose slightly despite the stability of global oil prices.

 Basra Heavy crude prices rose 10 cents to reach $62.43, and Medium crude prices rose 10 cents to reach $65.58.   Oil prices stabilized in global markets on Wednesday, as Brent crude recorded $64.49 today, and US crude recorded $61.17.  https://ninanews.com/Website/News/Details?key=1198104

Economist: Financial Debts Have Caused A Liquidity Crisis In Government Banks And The Pension Fund.
Time: 2025/04/16 12:35:41 Read: 2,010 Times  {Economic: Al Furat News} Economic expert Salah Nouri confirmed on Wednesday the existence of a liquidity crisis at a number of government banks, including Rafidain and Rashd banks, in addition to the Trade Bank of Iraq and the Iraqi Employees' Retirement Fund. He attributed the reason to the accumulation of internal debts at the Ministry of Finance as a result of its reliance on domestic borrowing to cover the budget deficit over the past years.

Nouri told Al Furat News Agency, "There is a liquidity crisis plaguing government banks and the pension fund, as a result of the Ministry of Finance's mounting internal debts to cover the budget deficit for several consecutive years."

He added that "this crisis has directly impacted these institutions' ability to meet their obligations," while noting that he "does not have precise figures that can confirm or deny the statements made by several MPs on this matter, due to the Ministry of Finance's directive not to provide government banks with any financial information."

In recent years, the Iraqi Ministry of Finance has relied on a policy of domestic borrowing to cover recurring deficits in the public budget, by borrowing from government banks and the employees' pension fund.

This approach, although a temporary measure to address operating expenses, has led to the accumulation of massive debts for the Ministry of Finance, directly impacting the liquidity of lending financial institutions.  LINK

Al-Sudani: Customs Revenues Increase And Inflation Declines In Iraq.

Money and Business  Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani stated on Wednesday that his government has succeeded in maximizing non-oil resources by increasing customs revenues and decreasing inflation in the country.

Al-Sudani said during the forum that today we are entering the second quarter of the twenty-first century and our country is brimming with unique success stories in every corner of it, and in every Iraqi city there is a tireless service and construction workshop, noting that infrastructure has grown in all Iraqi cities.

He added that the inherited stalled projects have decreased to less than 850, after previously numbering in the thousands. He explained, "We have embarked on the highest production plan to build power plants and for the first time, we have entered solar, clean, and renewable energy projects, and the rate of gas flaring cessation has exceeded 70 percent."

He continued, "It is unacceptable for political competition to devolve into the use of defamatory language and the concealment of the truth about government performance. Iraq needs bold and comprehensive reforms." He explained that the true value of any reform lies in reaching the poor and marginalized groups and saving them from the clutches of poverty.

Al-Sudani revealed that customs revenues increased by 128 percent and the annual inflation rate declined, noting that Iraq is proceeding with confidence in agriculture, ensuring food security, and achieving self-sufficiency.

Al-Sudani also stressed that Iraq has maintained its firm and principled positions, especially its position on the Palestinian issue, and that Iraq is prepared to be a reliable partner and an effective contributor to regional stability.

Al-Sudani announced his intention to run in the elections scheduled for November of this year, stressing that the alliances will be announced in the coming days. He added that the elections represent an opportunity to support a reform project in Iraq.

He also touched on the relationship between Baghdad and Erbil, saying that it had moved to a technical and legal dialogue for the first time, and that the oil and gas law had become an urgent necessity. He also stated that the Popular Mobilization Forces were an essential part of the security system.

Meanwhile, the Prime Minister announced that Syrian President Ahmed al-Shara will attend the Arab Summit scheduled to be held in the capital, Baghdad, next month. Al-Sudani stated, "Al-Shara is welcome to attend the Arab Summit in Baghdad, and an official invitation has been extended to him in this regard."   https://economy-news.net/content.php?id=54494

Prime Minister: Iraq Needs Bold Reforms To Ensure Regional Stability

Buratha News Agency1052025-04-16   Prime Minister Mohammed Shia al-Sudani stressed on Wednesday (April 16, 2025) that Iraq needs bold and comprehensive reforms, emphasizing the need for the outcomes of reform to be directed towards the poor and marginalized groups.

In his speech during the ninth Sulaymaniyah Forum, held at the American University of Sulaymaniyah, al-Sudani stated that “Iraq is ready to be a reliable partner and an effective contributor to strengthening regional stability,” noting that “the true value of any reform lies in reaching marginalized groups and saving them from poverty.”

He added that "the government has embarked on implementing the highest production plan to build new power plants, in addition to entering into solar and renewable energy projects for the first time," warning against the use of political rhetoric to defame and distort facts related to government performance.

The forum was widely attended by local and international political, economic, and academic figures, including former President Barham Salih, who emphasized in his opening remarks that "the current situation regarding negotiations between the United States and Iran presents the region with a historic opportunity to achieve stability and a dignified life for its people."

He explained that our region has long suffered from wars and violence, and that the time has come to move to a new reality through dialogue and understanding to build a better future.

The Sulaymaniyah Forum, held this year in its ninth edition at the American University of Iraq, Sulaymaniyah, is one of the most prominent intellectual and political events, bringing together decision-makers and researchers from inside and outside Iraq to discuss pivotal issues related to politics, economics, and regional and international security.  https://burathanews.com/arabic/news/458900

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

Seeds of Wisdom RV and Economic Updates Wednesday Evening 4-16-25

Good evening Dinar Recaps,

SEC VS RIPPLE UPDATE: MOTION TO TEMPORARILY SUSPEND APPEAL GRANTED; WHAT NEXT FOR XRP PRICE?

▪️Closing the four-year legal battle opens a new chapter for XRP mainstream adoption, catalyzed by Ripple Labs’ payment products.

▪️XRP price must hold above the support level of about $2 to invalidate further market correction.

The Donald Trump administration has gradually fulfilled its promises made during the campaign period to the crypto ecosystem. The successful replacement of Gary Gensler with crypto-friendly SEC chair Paul Atkins has helped expedite the closure of several web3-related cases, including against Ripple and Binance exchange.

SEC vs Ripple Case Update

Earlier on Wednesday during the mid-North American trading session, James K Filan, a prominent defense lawyer, released court documents dated April 16 regarding the SEC vs Ripple appeal.

According to the court documents, Circuit Judge José A. Cabrenas granted a joint motion, filed by the U.S. SEC and Ripple to temporarily suspend their appeals amid the case closure.

“The parties jointly move to hold this appeal in abeyance, with the U.S. SEC directed to file a status report within 60 days of this order,” the court order noted.

Meanwhile, Ripple Labs agreed to pay a $50 million fine to settle the longstanding case.

XRP Price Analysis

After closing the first quarter in bearish sentiment, XRP has attempted to regain a bullish outlook in the past few weeks. The large-cap altcoin, with a fully diluted valuation of about $206 billion and a 24-hour average volume of about $3.45 billion, has been forming a potential reversal pattern in the daily timeframe.

The XRP price, against the U.S. dollar, has formed a possible inverse head and shoulders pattern, coupled with a bullish divergence of the daily Relative Strength Index (RSI). As a result, if the XRP price holds above the support level of around $2 and remains above the YTD falling logarithmic trend, a target of between $2.8 and $3 will be achievable.

@ Newshounds News™
Source:  Coinpedia

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PANAMA CITY TO ACCEPT CRYPTO FOR PUBLIC SERVICES

Panama City Mayor has said the Panama District municipality will become the first in the nation to accept cryptocurrency payments for services, following unanimous approval by the City Council.

Unanimous Approval

The Panama City Mayor Mayer Mizrachi announced on April 15 that the Panama District municipality will become the first in the nation to accept cryptocurrency as a form of payment for services. The decision follows a unanimous approval by the City Council.

According to Mizrachi, the new payment system will operate through an authorized bank that will handle the conversion of cryptocurrency payments into U.S. dollars for the Mayor’s Office. 

This mechanism aims to streamline the process and mitigate potential volatility associated with digital assets for the municipality’s finances.

“My dear City Council has unanimously approved an initiative initiated by the Mayor’s Office, which will allow all citizens to pay their obligations and taxes in crypto,” Mizrachi explained, highlighting the significance of this decision.

The mayor further stated that Panama, often considered Central America’s financial hub, was lagging behind in adopting this modern payment method. 

He clarified the legal framework, stating, “Legally, it’s simple: the Mayor’s Office receives dollars, but there’s an intermediary who receives the crypto, transforms it into dollars, and takes it to the Mayor’s Office.”

Mizrachi indicated that a formal announcement with further details will be made once the agreement with the partnering bank is finalized. He emphasized the broader implications of this decision, stating, “This allows for the free movement of cryptocurrencies throughout the economy and throughout government.”

Besides positioning itself as Latin America’s crypto hub, Panama introduced a draft bill aiming to regulate cryptocurrencies and establish a legal framework for blockchain-based services. The bill outlines licensing requirements for Virtual Asset Service Providers (VASPs) to register with Panama’s Financial Analysis Unit (UAF) and adhere to know your customer and anti-money laundering regulations.

If passed, this legislation could provide greater legal clarity and consumer protection while fostering innovation in Panama’s digital economy.

@ Newshounds News™
Source:  Bitcoin News

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Scott Bessent Talks about the Trade War and a Strong Dollar

Scott Bessent Talks about the Trade War and a Strong Dollar

Arcadia Economics:  4-15-2025

US Secretary of Treasury, Scott Bessent, appeared on Fox Business News to provide an update on the ongoing trade war and discuss the state of the dollar. Bessent, who served as the Chief Investment Officer for Soros Fund Management before joining the Trump Administrtion, is a respected voice in the financial world.

During the interview, Bessent discussed the administration’s stance on tariffs and the trade war. He reiterated the administration’s belief that tariffs are an effective tool in negotiating better trade deals for the United States.

Bessent noted that the tariffs have led to increased revenue for the US government and have helped to reduce the trade deficit.

However, Bessent also acknowledged that tariffs can have a negative impact on businesses and consumers, particularly if they lead to retaliation from other countries. He stated that the administration is committed to finding a resolution to the trade war that is beneficial for all parties involved.

Bessent also addressed the issue of the strong dollar, which has been a topic of concern for some investors. He noted that a strong dollar is generally a positive sign for the US economy, as it indicates confidence in the country’s economic outlook.

However, he also acknowledged that a strong dollar can make US exports more expensive and less competitive in global markets.

Bessent stated that the administration is monitoring the situation closely and is working to ensure that the strong dollar does not hinder the competitiveness of US businesses. He noted that the administration is committed to implementing policies that support economic growth and job creation, which will in turn help to strengthen the dollar.

Overall, Bessent’s comments provide a nuanced view of the administration’s stance on tariffs and the strong dollar. While the administration believes that tariffs can be an effective negotiating tool, it also recognizes the potential negative impacts of tariffs and is committed to finding a resolution to the trade war. Similarly, while the administration views a strong dollar as a positive sign for the US economy, it is also taking steps to ensure that the strong dollar does not harm the competitiveness of US businesses.

Investors will no doubt be watching the situation closely, as the outcome of the trade war and the strength of the dollar can have significant implications for financial markets.

However, with a seasoned financial expert like Scott Bessent leading the charge, the administration is well-positioned to navigate these complex issues and ensure the long-term success of the US economy.

https://youtu.be/tzbFWm3BlFQ