Iraq Economic News And Points To Ponder Thursday Morning 5-15-25

 Al-Sudani: Iraq Is An Oil And Industrial Country That Has The Potential To Export Products To The Region
 
Energy and Business   2025-05-14 Shafaq News/ Prime Minister Mohammed Shia al- Sudani described Iraq on Wednesday  as an "industrial country," not just an oil country, and that
 
it can meet the needs of the local market and countries in the region.

This came in a speech delivered via video link during the inauguration of the steel plant at the General Company for Iron and Steel in Basra Governorate, with a capacity of 600,000 tons annually.
 
He also launched the implementation work for the industrial city in Al-Zubair District, and the Basra Chlorine and Caustic Soda Production Plant Project.  Al-Sudani said in his speech,
 
"Iraq, in addition to being an oil-producing country, is an industrial country
that possesses all the ingredients for the emergence of a national industry that meets the needs of the local market.
 
We have qualified to become a country that exports products to the rest of the countries in the region."      https://shafaq.com/ar/اقتصـاد/السوداني-العراق-بلد-نفطي-و-صناعي-تتوفر-فيه-مقومات-تصدير-المنتجات-الى-المنطقة  

Iraqi Oil Prices Saw A Slight Decline During Today's Trading

economy | 09:20 - 05/14/2025   Mawazine News - Follow-up   Iraqi oil prices recorded a slight decline during daily trading on Wednesday in the global market.

According to data reviewed by Mawazine News, Basra Medium crude oil recorded $65.49 per barrel, while heavy crude recorded $62.34 per barrel, with a change rate of -0.51% for both.

The data also showed a slight increase in global oil prices, with British Brent crude recording $66.25 per barrel, while US West Texas Intermediate crude oil recorded $63.34 per barrel, with a change rate of +0.33% for both.   https://www.mawazin.net/Details.aspx?jimare=261410

Gold Declines As US-China Trade Tensions Easethings are moving better now

economy | 12:00 - 05/14/2025  Mawazine News - Follow-up:  Gold prices fell on Wednesday, as safe-haven assets declined amid easing trade tensions between the United States and China, while markets awaited a fresh batch of inflation data for clues on the path of the Federal Reserve's monetary policy.

Spot gold fell 0.7% to $3,226.11 per ounce, while U.S. gold futures fell 0.6% to $3,229.50, according to Reuters.

"Positive developments in U.S. trade policy are reducing gold's appeal in the short term," said Kyle Rodda, a financial markets analyst at Capital.com .

"I believe that if progress in trade negotiations and deals between the United States and its trading partners continues, we could see further declines in gold prices. The $3,200 level is a critical support level."

As for other precious metals, spot silver fell 0.8% to $32.61 per ounce, platinum held steady at $988.65, and palladium fell 0.9% to $948.60.  https://www.mawazin.net/Details.aspx?jimare=261421

A Slight Rise In The Dollar Price In Baghdad And Erbil

economy | 04:34 - 05/14/2025  Mawazine News - Baghdad -  The exchange rate of the US dollar against the Iraqi dinar witnessed a slight increase in the markets of Baghdad and Erbil on Wednesday.
It rose with the closing of the two main stock exchanges, Al-Kifah and Al-Harithiya, in Baghdad, recording 142,500 dinars for every $100, while this morning it recorded 142,350 dinars for every $100.

Selling prices also rose in exchange shops in the local markets in Baghdad, where the selling price reached 143,500 dinars for every $100, while the buying price reached 141,500 dinars for every $100.

In Erbil, the dollar also rose, with the selling price reaching 142,400 dinars for every $100, and the buying price reaching 142,200 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=261434

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 5-15-25

Good Morning Dinar Recaps,

SENATE REMOVES TRUMP PROVISIONS IN PUSH TO PASS STABLECOIN BILL

The U.S. Senate is preparing to pass a landmark bipartisan stablecoin bill—the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act)—after removing controversial provisions that targeted President Donald Trump and his family's crypto ventures.

📅 Target Date for Passage: By May 26 (Memorial Day), according to Senator Cynthia Lummis (R-WY), who spoke at a Coinbase-backed event, Stand With Crypto.

Hello, World!

💬 Key Voices:

• Senator Kirsten Gillibrand (D-NY) confirmed the bill has been revised to eliminate language singling out Trump’s crypto activities, which include memecoins, a stablecoin project, a mining firm, and a crypto platform.

• “This is not an ethics bill,” Gillibrand said, though it does include basic ethics requirements. “If we were dealing with all President Trump’s ethics problems, it would be a very long and detailed bill.”

🚫 Senate Democrats had stalled the bill on May 8, objecting to its failure to address Trump’s alleged personal enrichment through crypto-related ventures. Gillibrand stated Trump’s memecoin offering may already violate existing laws, calling it “about as illegal as it gets.”

🏛️ Bill Focus: Regulation of the entire stablecoin ecosystem, with strengthened protections for:

• Consumers

• Bankruptcy proceedings

• Issuers’ responsibilities

👥 Industry Push: Coinbase CEO Brian Armstrong, who joined the senators onstage, refrained from commenting on Trump’s memecoin but emphasized the need to keep the bill focused on regulatory clarity.

🗳️ Legislative Urgency:

• With the 2026 midterms approaching, the crypto industry is lobbying hard to pass both the GENIUS Act and a broader market structure bill before momentum is lost.

• Marta Belcher of the Blockchain Association warned the legislative window is closing fast. “We don't know if we’ll get another chance like this.”

📌 August Deadline: The goal is to have both bills signed into law before the August congressional recess, according to Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets. Hines noted it's “the President's desire” to finalize both crypto-related bills during that timeframe.

@ Newshounds News™
🔗 Full Article: Cointelegraph – May 14, 2025

~~~~~~~~~

BRICS ERODES TRUST IN THE US DOLLAR

The BRICS alliance is accelerating a global shift away from the US dollar, encouraging developing nations to embrace local currencies for trade and economic stability.

🌍 Background:
The U.S. sanctions imposed on Russia in 2022 served as a wake-up call for emerging economies. The move exposed the vulnerabilities of nations that relied too heavily on the dollar and underscored Washington’s ability to destabilize other countries’ economies.

🛡️ Response from BRICS:
In response, BRICS members began to rethink their dependency on the dollar and initiated steps to strengthen their native currencies. The bloc—comprising major developing nations—has since made de-dollarization a central pillar of its long-term strategy.

💸 Erosion of Trust in the Dollar:
The U.S. dollar has historically dominated global trade because of widespread trust. But BRICS nations now view the greenback as a geopolitical weapon that serves U.S. interests at the expense of others. That trust is rapidly deteriorating, and so is the dollar’s role in international trade.

📉 Trend Watch:

• The dominance of the dollar is no longer guaranteed.

• Local currencies are being positioned as more stable and sovereign alternatives.

• BRICS is encouraging member states to settle trades in native currencies, reducing exposure to U.S. monetary policy and potential sanctions.

🔁 What’s Next:
As the economic influence of BRICS grows, so does its ambition to reshape the global financial order. If successful, this movement could drastically reduce U.S. influence in international trade and global finance.

📌 Key Quote:

"The U.S. dollar’s supremacy stood on trust for decades—but that trust is now eroding."

@ Newshounds News™
🔗 Full Article: Watcher Guru – May 14, 2025

~~~~~~~~~

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Taboola the same on the Bottom of Posts

“Tidbits From TNT” Thursday Morning 5-15-2025

TNT:

Tishwash:  Barzani: The holding of the Arab Summit in Baghdad embodies Iraq's restoration of its pivotal position in the region.

Kurdistan Region President Nechirvan Barzani welcomed the Arab Summit in Baghdad on Wednesday, describing it as a historic diplomatic milestone that embodies Iraq's restoration of its pivotal position in the Middle East.

Barzani said in a statement, "Holding the summit in the presence of Arab leaders in Baghdad represents an important moment for Iraq and the region," praising the efforts made to host this prominent Arab event.

The Kurdistan Region President affirmed his full support for Prime Minister Mohammed Shia al-Sudani's efforts to strengthen joint Arab action, build partnerships and mutual interests, and lead the path to de-escalation and regional integration from the heart of the capital, Baghdad. 

Baghdad is preparing to host the Arab League Summit next Saturday, as part of Iraq's efforts to strengthen its regional diplomatic presence at a time when the region is facing political, security, and economic challenges.  link

Tishwash:  Urgent | Al-Sudani: Expect surprises at the Arab Summit, and a second term is a natural right.

Prime Minister Mohammed Shia al-Sudani spoke on Wednesday about surprises expected at the Arab Summit scheduled to be held in Baghdad next Saturday.

"Any weapons outside the state's control will be destabilizing," Al-Sudani said in an interview followed by the Iraq Observer.

He added, "Iraq is a virgin land for all investments, and not a day goes by without companies welcoming investment in Iraq."

He continued: "We have made great strides in reducing poverty rates in Iraq."

He pointed out that "corruption is a challenge in Iraq, and we have stopped many cases and stopped the abuse of power."

He stressed that "the government has started with the concept of recovering funds and wanted persons."

Al-Sudani spoke about attending the Arab Summit, saying, "There will be surprises."

When asked about his ambition for a second term, he said: “It is a natural right  link

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

Tishwash:  Official: Masrour Barzani's upcoming visit to the United States

Erbil (Kurdistan 24)- Kurdistan Regional Government (KRG) Spokesperson Peshwa Hawrami announced on Wednesday, May 14, 2025, that Prime Minister Masrour Barzani is expected to visit the United States.

During a press conference, Hawrami said that Prime Minister Masrour Barzani will visit the United States in the coming days to hold a number of important meetings with American officials.  link

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

Tishwash:  this is from Korean news

Iraq sees economic gains, investor confidence rises' : Iraqi envoy

The Iraqi economy has witnessed significant and remarkable improvements over the past few years. According to the latest international economic indicators, Iraq has entered a new phase of recovery and growth amid significant transformations that reflect a tangible improvement in economic performance and enhance confidence in the national economy among local and international investors.

This improvement comes amid an economic policy characterized by openness and balanced planning to address challenges and stimulate sustainable development.

Iraqi Ambassador to Korea Mohammed Mustafa Juma Almuntafeky / Courtesy of the Embassy of the Republic of Iraq in Seoul

Increased Non-Oil Revenues and Improved Financial Performance

In a remarkable development, Iraq's nonoil sector recorded unprecedented growth during 2024. Nonoil revenues rose by 198 percent during the first nine months of the year — a jump from $3.5 billion in the same period in 2023 to $10 billion in 2024. These revenues now account for 12.1 percent of the state’s total revenues, clearly indicating a diversification of income sources and improvements in financial management efficiency.

Decline in Inflation Rates and Recovery of the Financial Market

The annual inflation rate fell to 2.8 percent in the fourth quarter of 2024, down from 4 percent in the same period in 2023 — a 30 percent decrease. This decline signifies greater price stability and improved purchasing power for citizens, enhancing overall economic confidence.

Meanwhile, the Iraqi financial market has shown strong recovery, with the ISX60 index increasing by 20.23 percent, reflecting growing investor trust and a widening base of market participants.

International Monetary Fund Confirms Improvement

According to recent reports from the International Monetary Fund, Iraq’s economic indicators have improved markedly. The IMF cites the stabilization of financial policies, rising growth rates and an uptick in foreign investment as positive signs. These developments come alongside efforts to reform Iraq’s banking system and improve the legal and regulatory framework for investment.

Growing Foreign Investment and Expanding Global Partnerships

Foreign investment in Iraq has reached $88 billion, highlighting increasing global investor confidence. Iraq is also actively engaging with international companies to implement strategic initiatives such as the $17 billion Development Road project, which aims to link Iraq to Europe through Turkey.

Furthermore, the government has committed $100 billion over three years for large-scale infrastructure projects. This allocation opens up extensive opportunities for international firms to participate in Iraq’s economic transformation and development.

Looking Ahead

All these figures paint a picture of a changing Iraqi economy — one that is increasingly stable, growing and attractive to global partners. With an expected GDP growth of 3.6 percent in 2025 projected by the IMF, Iraq is positioning itself as a key economic player and promising investment destination in the Middle East. link   

Mot: ... Siblings!!!! 

Mot:  Got Ya... off to Beddy Bye!!!! 

News, Rumors and Opinions Thursday AM 5-15-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 14 May 2025

Compiled Wed. 14 May 2025 12:01 am EST by Judy Byington

Tues. 13 May 2025 SNOWDEN ALERT: GLOBAL RESET HAS BEGUN — QFS ACTIVATED …Edward Snowden on Telegram

The Quantum Financial System is (allegedly) already online. Once the blackout flips, it will override all corrupt central bank networks. Biometric encryption will secure your assets, identity, and data. No more hacks. No more theft. No more manipulation. Fraud-proof. Immutable. Final.

Tues. 13 May 2025: BREAKING: $258 BILLION SURPLUS SHATTERS THE GLOBALIST ECONOMY — GESARA IS NOW ACTIVE …QFS on Telegram

May 13, 2025 — The U.S. Treasury just dropped a financial bomb: $258.4 billion surplus and inflation down to 2.3% — the lowest since 2021. But this isn’t just recovery. It’s the (allegedly) start of the GESARA economic reset. Trump’s tariffs have triggered a collapse in the Deepstate’s financial network — and the regime knows it.

Grocery prices just fell for the first time in five years. Gas is down three months in a row. Inflation crushed three months in a row. These aren’t accidents — they’re precision strikes against the globalist system. The same system that used inflation, fake wars, and digital slavery to crush you into debt. Trump laid the trap — and now, it’s snapping shut.

THE SURPLUS THEY CAN’T HIDE: That $258.4B surplus? It flipped from a $160.5B deficit in just 30 days. A $418.9 billion swing -But it’s not a miracle. It’s Trump’s resurrected tariff strategy, bleeding the globalist syndicates dry — China, the EU, and WEF-linked entities forced to pay into America’s sovereign vaults.

This isn’t about trade. It’s about financial warfare, and the data proves it. Trump’s 2021 $308B surplus was buried after the election — but this time, it’s too big to hide. The economy is realigning under quantum protocols, and the Deepstate has lost control of the numbers.

THE QFS IS ALIVE — GESARA HAS BEGUN: Sources confirm: the Quantum Financial System is (allegedly)running quietly in the background. Gold-backed tariffs are (allegedly)now feeding sovereign accounts. IRS data pipelines are (allegedly)blocked. Treasury insiders are working with Space Force and the Alliance to roll out Quantum Access Cards tied to biometric security.

Redemption centers are (allegedly)active. Debt forgiveness phases are being prepped. NDA teams are mobilizing. The EBS countdown has started.

What’s coming next is not another economic cycle — it’s the total dismantling of fiat control. The fake economy has cracked. The gold vaults are open. The debt matrix is reversing. This isn’t speculation. It’s GESARA in motion.

THE FINAL PHASE IS HERE: This was the financial storm. The next wave is communication: the EBS, GESARA disclosure, and the collapse of digital fiat tyranny. The dollar isn’t dying — it’s being reborn under gold. The Republic isn’t falling — it’s being restored.

Trump never left. He’s leading the economic takedown from within. Get ready. The end of their system is the beginning of ours.

~~~~~~~~~~~~~~

Global Currency Reset:

Tues. 13 May 2025 Bruce:

On Tues. 13 May Redemption Center leaders were in a six hour training.

Redemption Centers were expecting an email on Tues. 13 or Wed. morning that told them when notifications would come out and when Zim is to be redeemed.

Tier4b (us, the Internet Group) Notifications to set exchange appointments were expected on Wed. 14 May and begin appointments on Thurs. 14 May 2025.

In the US British Admiralty Law was no more as of Tues. 13 May. Common Law would be in effect on Wed. 14 May 2025.

Tues. 13 May 2025: Rumor was that not only were the higher tiers exchanging in Reno, but Tier4A contacts were coming out of the woodwork—people who’ve never spoken up before—now telling us they’re about to be paid or have an appointment scheduled. This is more than “hearsay,” there is an obvious uptick in 4a appointments.

Tues. 13 May 2025 Vietnam Trade Reset Begins: (1) Francis Hadlocon on X: “LACH HUYEN EXPANSION GOES LIVE — VIETNAM’S TRADE RESET BEGINS – Hai Phong | Terminals 3 & 4 inaugurated May 13 – Green Port + Smart Port – 212M tonnes cargo projected for 2025 (from 190M in 2024) — FINANCIAL RESET LOADING Direct exports to US & EU (no https://t.co/6NGlpAKYId” / X

Tues. 13 May 2025: $4,000 Boost For Social Security Recipients | BIG Change | Prophecy | Before It’s News

Tues. 13 May 2025: It’s Happening: Trump Dismantles IRS as Millions on Social Security Shocked by What’s Next! 2025 | Prophecy | Before It’s News

Read full post here:  https://dinarchronicles.com/2025/05/14/restored-republic-via-a-gcr-update-as-of-may-14-2025/

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

MarkZ   [via PDK]   We have 47 entrepreneurs and business leaders participating in the select USA investment summit right now. There are a lot of Iraqi business people here in the US. They are cutting deals and building partnerships between the two nations for opportunities, manufacturing and tourism. This is international and prosperity.  If they are going to be international, they need a truly international currency. 

Militia Man  The country of Iraq is talking about global output...You'll be surprised how impactful that's going to be in the country of Iraq because they're going to take advantage of inputs and outputs.  They're filthy rich with  natural resources.  They told us the other day what?  16 trillion in just two rare earths.  16 trillion!  That's not including oil,  gas, tourism, any of that...The currency is at what?!?!  

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

FRANK26….5-14-25….ALOHA

KTFA:

https://www.youtube.com/watch?v=nVO6-EVfwyc

Iraq Economic News And Points To Ponder Wednesday Evening 5-14-25

Iraq Welcomes Trump's Visit To Saudi Arabia And Considers The Riyadh And Baghdad Summits Complementary

Money and Business  Economy News – Baghdad  Foreign Minister Fuad Hussein affirmed on Wednesday that Iraq welcomes US President Donald Trump's visit to Saudi Arabia. While announcing that Iraq will chair three Arab summits, he noted "tremendous" efforts to organize the Baghdad Development Summit.

"We are pleased with Trump's visit to the region and the understandings reached, and we are also pleased with the lifting of sanctions on the Syrian people," Hussein said during a press conference monitored by Al-Eqtisad News.

Regarding the Baghdad Development Summit, Hussein explained, "Today we will highlight the tremendous work undertaken by the Higher Committee charged with preparing for the Arab Summit, with the participation of numerous Iraqi government departments."

He added, "The participation of leaders and officials in these exceptional circumstances the region is experiencing demonstrates the unity of Arab leaders in our current situation and their support for Baghdad's investment renaissance."

He added, "Twenty Arab organizations and federations will participate in the summit, in addition to international organizations represented by the Secretary-General of the United Nations, the Secretary-General of the Organization of Islamic Cooperation, the President of the African Union, and a representative of the European Union. The guest of honor will be Spanish Prime Minister Pedro Sanchez."

He continued, "There are also more than 250 Arab and foreign journalist guests and dozens of Arab and foreign figures in Baghdad."

Hussein affirmed, "Baghdad has focused its efforts on supporting the Arab Summit and providing full support, holding 16 meetings of the Supreme Administrative Committee. Iraq is proud to have hosted three summits: the 34th Arab League Summit, which Bahrain was honored to host last year, and now Iraq is honored to host it in Baghdad."

He added, "The second summit of the fifth session of the Economic and Social Development Summit, which is held every four years, and we will be honored to chair it from the State of Lebanon." He added, "The third summit is at the leaders' level, and Iraq will assume the presidency of the three summits. Iraq is now the president of the Arab Summit for next year."

Regarding the Baghdad Development Summit, Hussein explained, "There will be two sessions next Saturday. The first will begin in the morning for the Arab League Council session, and the second will be in the afternoon for the fifth development summit."

He added, "The two summits will issue the Baghdad Declaration, which includes the joint Arab position on economic, social, and development interests, and focuses on the regional challenges facing the region, most notably an immediate ceasefire in Gaza and the opening of crossings for humanitarian aid. The countries have presented their views on the items under discussion." 

Hussein announced, "It is hoped that political initiatives will be put forward to establish the Arab Center for Combating Terrorism and the Arab Center for Regional Crime." https://economy-news.net/content.php?id=55457

The Ministry Of Planning And The World Bank Are Conducting A Joint Review Of The Iraq Reform And Reconstruction Fund Program

Wednesday, May 14, 2025| Economic Number of readings: 19  Baghdad / NINA / The Ministry of Planning held a joint meeting today, Wednesday, with the World Bank representative, in the presence of governmental agencies represented by the Ministries of Environment, Labor, Social Affairs and Agriculture, to discuss the outcomes of the review meetings held during the past two months, which include the files of the three main projects, funded by the Iraq Reform, Recovery and Reconstruction Fund.

The Director General of the International Cooperation Department, Saher Abdul-Kazem Mahdi, stated that the projects include the project to support improving farm management for the Ministry of Agriculture, the pollutant management project for the Ministry of Environment, and the pilot program project for economic models in Dhi Qar Governorate for the Ministry of Labor.

During the meeting, the delayed files in completing the procedures for signing grant agreements between the three governmental agencies and the World Bank were discussed. /End https://ninanews.com/Website/News/Details?key=1226884

Towards Global Transformation... Rafidain Bank Begins Updating Its Legal Framework

Wednesday, May 14, 2025 | Economic Number of readings: 155  Baghdad / NINA / Rafidain Bank announced the commencement of contracting procedures with Hogan Lovells, one of the most prominent international law firms based in the United Kingdom, with the aim of reviewing and updating the bank's internal legal structure in line with the highest international banking standards and international legislation applicable in advanced financial markets.

A statement by the bank said: "This decision comes within the framework of a clear vision adopted by the bank to raise the level of legal governance and enhance its institutional readiness, as part of a well-thought-out professional path towards internationalization and transformation into a modern banking institution characterized by efficiency, compliance, and transparency."

The announcement came after an expanded official meeting that brought together the bank's management and a delegation from Hogan Lovells, during which the areas of technical cooperation and the stages of implementing the future legal development plan were discussed.

Rafidain Bank affirmed: "This step represents a strategic turning point in its journey, as it paves the way for expanding the bank's international dealings and enhancing confidence in its operational capabilities on the regional and global arenas. It also aims to create a legal and operational environment characterized by credibility and discipline, thus opening the door wide to attracting foreign investments and establishing strategic banking partnerships with major international financial institutions."

He explained: "Rafidain Bank's openness to global expertise and its adoption of an institutional modernization approach in accordance with approved best practices reflect its insistence on consolidating its position as a leading bank, not only at the level of Iraq, but also on the regional and international financing map." /End  https://ninanews.com/Website/News/Details?key=1226748

Al-Sudani: The Reconstruction And Development Process Continues In Iraq

Wednesday, May 14, 2025, ++| Economic Number of reads: 183   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: "The reconstruction and development process is ongoing in Iraq."

Al-Sudani said in a speech during the inauguration and launch of work on three industrial projects in Basra: "These projects confirm that Basra is the economic capital of Iraq and will be an important opportunity for the people of the province to provide job opportunities."

He added: "The projects are planned to be completed with the highest specifications and will be a golden opportunity for engineers and technicians to gain experience."

He announced the launch of executive work for the largest industrial city on the development path in Basra, noting: "The industrial city project has undergone extensive discussions."

The Prime Minister continued: "The contract for the projects will provide fifty percent of local job opportunities," indicating: "The Basra chlorine and caustic soda production plant project will provide about 500 job opportunities."

He pointed out: "Basra is the economic capital of Iraq and contains the most important projects in various sectors," indicating: "The industrial city in Basra has a seafront of approximately 500 meters on Khor Al-Zubair." / End   https://ninanews.com/Website/News/Details?key=1226854

Weekly Trading Indicators For The Iraq Stock Exchange

Wednesday, May 14, 2025, 4:13 PM | Economics Number of readings: 67  Baghdad / NINA / The Iraq Stock Exchange organized four trading sessions during the second week of May 2025 from Sunday 05/11/2025 to Wednesday 05/14/2025:

1. The number of shares traded during this week amounted to more than (2) billion shares.
2. The value of shares traded this week amounted to more than (6) billion dinars.

3. The ISX60 market trading index closed for the first session of the week at (1026.81) points, while the index closed at the end of the week at (1014.84) ​​points, achieving a decrease of (1.18%) compared to its closing at the beginning of the session.

 The ISX15 market trading index closed for the first session of the week at (1131.80) points, while the index closed at the end of the week at (1120.87) points, achieving a decrease of (0.98%) compared to its closing at the beginning of the session.

4. During the week, (3033) buy and sell contracts were executed on the shares of companies listed on the market./End   https://ninanews.com/Website/News/Details?key=1226860

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

Seeds of Wisdom RV and Economic Updates Wednesday Evening 5-14-25

Good Evening Dinar Recaps,

CENTRAL BANKS PREPARE FOR A TOKENIZED FUTURE

Imagine a financial world where every transaction, from billion-dollar treasury purchases to retail payments, exists entirely as digital tokens. The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) Innovation Hub aren’t just imagining it — they’re actively preparing for it through Project Pine.

The New York Innovation Center (NYIC), part of the Fed’s New York branch, launched this groundbreaking initiative with the BIS Innovation Hub, creating a toolkit of smart contracts designed to execute central banking functions in a fully tokenized financial system. The toolkit supports paying interest on reserves, conducting open market operations, managing collateral, and supporting credit and asset purchases – all via tokenized processes.

Six additional central banks contributed requirements, emphasizing the need for flexibility. This focus led to a surprising advantage: dramatically faster crisis response.

Faster Emergency Response in Digital Financial Markets

Crises strike without warning. In traditional finance, it takes time to implement new emergency facilities. With Project Pine, central banks could design and launch responses almost instantly thanks to pre-built smart contracts.

“Tokenization accelerates money velocity,” the report notes, “which means financial shocks may unfold faster – requiring faster central bank action.”

Smart contracts are the backbone of this efficiency. Central banks would still use human judgment for critical decisions, but automating operations like collateral handling and haircut settings could reduce friction in emergency interventions.

Smart Contracts to Power 24/7 Central Banking

The prototype assumed a fully tokenized ecosystem operating 24/7, which would require automated yet safe systems outside traditional business hours.

Though the smart contracts were built using Hyperledger Besu and Solidity (Ethereum-compatible), the team stressed their technology-neutral stance.

Project Pine is not policy — it’s exploration. But its foresight equips central banks to handle the transition to tokenization and anticipate how their core functions might evolve.

By planning ahead with Project Pine, central banks aren't just preparing for the next phase of finance — they’re shaping it.

@ Newshounds News™
🔗  Source:  Ledger Insights

~~~~~~~~~

CRYPTO EXECS FLOCK TO DC TO SUPPORT SENATE STABLECOIN BILL

Coinbase CEO Brian Armstrong said the Senate could reconsider a vote on the GENIUS Act “hopefully tomorrow” after it initially failed on May 8.

Crypto leaders, including founders and executives from major companies, have traveled to Washington, DC, in a major push to rally support for the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which failed to pass the Senate earlier this month.

60 Crypto Founders Push for Urgency

In a May 14 X post from the US Capitol rotunda, Armstrong revealed that “60 [crypto] founders” were in DC to advocate for the GENIUS Act and a market structure bill currently under consideration in the House of Representatives.

“Like any good negotiation, there’s a lot of details to work out at the last minute, but we’ve been stressing the urgency of this,” Armstrong stated.

The Senate may vote again on the GENIUS Act “hopefully tomorrow,” signaling renewed momentum despite political obstacles.

Political Tensions Over Trump’s Crypto Involvement

Many Democratic lawmakers are withholding support due to concerns about Donald Trump’s crypto ventures, including his TRUMP memecoin and the USD1 stablecoin launched by his family-affiliated World Liberty Financial. Democrats have demanded carve-outs or provisions to ensure Trump cannot profit politically or financially from crypto legislation.

A Democratic staffer told Cointelegraph there was “no indication” Republicans would address these concerns. Another source claimed addressing them may be unconstitutional.

Is Bipartisan Crypto Reform Possible?

The Senate resumed consideration of the GENIUS Act on May 12, and another vote is expected within days. While Republicans control both chambers, a 60-vote majority is required to overcome a filibuster, necessitating at least partial Democratic backing.

“Despite the politics around the TRUMP memecoin and crypto investments — that has definitely made our work more complicated — I still argue that behind the scenes, you've got constructive members in both parties working to find consensus,” said Representative French Hill at the Consensus conference in Toronto.

Whether the GENIUS Act can move forward without adjustments remains unclear, but the growing presence of crypto leaders in Washington underscores the urgency and high stakes involved.

@ Newshounds News™
🔗 Source: Cointelegraph

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The Economic ‘Storm’ Will Get Worse: Is the U.S. Headed for a Radical Reset?

The Economic ‘Storm’ Will Get Worse: Is the U.S. Headed for a Radical Reset?

Daniel Cambone:  5-14-2025

“Europe is a crisis point, not the United States. The crisis point is that Europe has to come to terms with World War II,” says George Friedman, founder and chairman of Geopolitical Futures.

In a conversation with Daniela Cambone, he explains that the post–World War II global system, where the U.S. played the role of geopolitical and economic anchor, is now over. “It’s a very great system reset,” he explains.

"The financial community is obsessed with money, and that's quite understandable. But this nation is more than money, it's national security.”

He also shifts focus to Europe, warning that if the continent fails to reconcile with its past and current geopolitical role, it could become a flashpoint for future conflict.

“This is the place I’d watch for a war—Europe and Asia,” Friedman says, pointing to Europe’s long history of internal wars among nation-states.

Key Facts:

America undergoes a necessary reinvention

Why is the massive reset necessary?

Rising global tensions and instability Will the U.S. dollar remain dominant?

Why central banks are stockpiling gold The growing crisis in Europe

https://www.youtube.com/watch?v=0fM0qO_B5PQ

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 5-14-25

Good Afternoon Dinar Recaps,

XRP Lawyer Warns Stablecoin Bill Could Be Delayed Until 2029 — Here’s Why

John Deaton says the GENIUS Act, a key stablecoin bill, may not pass until 2029, potentially stalling U.S. crypto reforms and undermining the dollar’s global dominance.

The ongoing debate over U.S. stablecoin regulation has taken a new turn as prominent XRP lawyer John Deaton sounded the alarm about the potential delay of the GENIUS Act—a bipartisan bill aimed at regulating stablecoins. According to Deaton, the failure to pass this legislation could push broader crypto reforms back until 2029.

“If Congress can’t get the GENIUS Act passed, we won’t see a Market Structure Bill, which means we won’t see any long-lasting reform until 2029, depending on how the Presidential election goes,”
— John Deaton, via X (formerly Twitter)

Deaton’s warning echoes recent concerns expressed by Messari CEO Ryan Selkis, who argues that without foundational legislation like the GENIUS Act, the U.S. risks losing its leadership in digital finance innovation.

The Importance of the GENIUS Act

Deaton referred to the bill as a “no-brainer” and framed it as vital to maintaining U.S. dollar dominance on the global stage. He emphasized that as countries pursue de-dollarization, stablecoins offer the U.S. a strategic lever to drive global demand for U.S. Treasury securities (USTs).

“We’re in an era when other nations are attempting to de-dollarize the world. We MUST drive demand for UST and ensure the USD remains the world’s reserve currency. If politicians can’t get the GENIUS Act through, then there’s little chance more complex, long-lasting legislation will pass,”
— John Deaton

The GENIUS Act—short for “Guaranteed Essential Neutrality in United States Stablecoins”—has earned the nickname “Dollar Dominance Bill” among crypto advocates for its potential role in reinforcing the dollar’s status through regulated digital assets.

Political Roadblocks and Skepticism

Despite bipartisan backing from several lawmakers and the crypto industry, the bill faces strong resistance—most notably from Senator Elizabeth Warren, who has consistently criticized crypto legislation on grounds of national security and consumer protection.

“The Senate shouldn’t greenlight this corruption by passing the GENIUS Act without fixes,”
— Senator Elizabeth Warren

Warren’s opposition stems from concerns that stablecoins could be used to bypass traditional financial oversight and pose risks to the U.S. economy. Her resistance may stall the bill’s progress during an already contentious election year.

Why This Delay Matters

The crypto industry sees stablecoin legislation as a foundational step toward broader market regulation. Without the GENIUS Act, other key bills—such as the long-awaited Market Structure Bill—may never see a vote. This could leave U.S. companies behind as global competitors move ahead with clearer digital asset policies.

With the 2024 presidential election looming, Deaton and other advocates fear that partisan divides could stall legislative momentum for years, creating prolonged regulatory uncertainty for crypto businesses and investors alike.

@ Newshounds News™
📎 Source: CoinGape – Full article

~~~~~~~~~

🌍 BRICS Influence Grows as European Firms Shift Away From US Dollar

European financial institutions are increasingly receiving requests to use local currencies instead of the US dollar, signaling BRICS' growing global economic influence.

In a development that signals a major geopolitical and financial shift, several European banks, brokers, and financial institutions are reporting an uptick in client requests to conduct transactions in local currencies—not the US dollar. According to the Luxembourg Times, these requests involve hedging and cross-border transactions in currencies like the Chinese yuan, Hong Kong dollar, Emirati dirham, and the euro.

This marks a notable milestone: for the first time, foreign institutional funds are asking to bypass the US dollar altogether in transactions handled by European finance firms. The change reflects the influence of the BRICS alliance’s strategy to de-dollarize global trade by promoting local currency settlements.

From Dollar Hub to Direct Transfers

Traditionally, financial transactions—especially those crossing multiple borders—have relied heavily on the US dollar as an intermediary currency. For example, when a Japanese firm wants to send money to a Philippine-based fund, it would typically route the payment through the dollar, which would then be converted into pesos.

Now, corporate clients are pushing for new protocols that completely skip the US dollar, aiming to cut costs, reduce exposure to dollar volatility, and support regional economic partnerships. European firms are being asked to accommodate these demands with currency strategies that allow for direct transfers between non-dollar pairs.

BRICS Ideology Reaches Europe

The ideological push for local currency empowerment has long been championed by the BRICS bloc—Brazil, Russia, India, China, and South Africa, with recent expansions including the UAE, Egypt, Iran, and Ethiopia. The alliance has openly advocated for reducing reliance on the US dollar in global trade and reserves.

Now, that de-dollarization strategy appears to be influencing European markets. The increasing preference for local currencies by institutional clients reflects growing confidence in non-dollar instruments and frustration with dollar-dominated systems, especially amid volatile geopolitics and trade tensions.

Technology and Liquidity as Key Drivers

Gene Ma, Head of China Research at the Institute of International Finance, noted that advancements in financial technology and liquidity are key enablers of this trend.

“The increase in transactions between non-US currencies is largely due to technological development and increased liquidity. The trading parties feel that the price may not be worse than using the US dollar, so transactions naturally pick up,” Ma explained.

Trade War Legacy and Uncertainty Under Trump

The movement also follows years of trade tensions and tariffs introduced during Donald Trump’s first term. Though President Trump has paused new tariffs for 90 days, uncertainty still looms large. The fear of sudden economic shifts and rising nationalism has made many businesses rethink their overreliance on the US financial system.

Analysts suggest that if BRICS and its partners fully transition to local currency settlements, it could reshape global trade flows and challenge the dollar’s reserve status. The growing demand for currency derivatives outside the dollar system may be a signal that this shift is already underway.

Conclusion

The shift toward local currencies in Europe, inspired by BRICS’ economic ideology, represents a potential inflection point in global finance. As more institutional players move away from the US dollar, traditional financial systems may need to adapt quickly to remain relevant in a multipolar currency environment.

@ Newshounds News™
📎 Source: Watcher.Guru

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Insiders Are Dumping Stocks; Get Ready For Market Meltdown | Chris Vermeulen

Insiders Are Dumping Stocks; Get Ready For Market Meltdown | Chris Vermeulen

Liberty and finance:  5-12-2025

Institutional investors appear to be quietly selling into recent market strength, a classic sign of distribution that often precedes a broader market selloff.

Despite a short-term rally driven by positive sentiment around tariff news, heavy overnight futures selling and high-volume unloading during regular trading hours suggest big money is exiting.

Technical indicators and behavioral metrics reveal that smart money is taking advantage of this bullish euphoria to offload risk. Meanwhile, analysts like Chris Vermeulen warn that this rally may be a setup for a larger correction, especially as macroeconomic conditions and cycle stages point toward a financial reset.

This stealthy institutional behavior is a red flag that the market may be approaching a major downturn.

The recent surge in market optimism, fueled by positive developments in tariff negotiations, might be masking a more concerning underlying trend: institutional investors quietly exiting their positions. While headlines tout the recovery and short-term gains, whispers on trading floors suggest that “smart money” is using this bullish sentiment as an opportunity to offload risk, potentially setting the stage for a much larger correction.

Several indicators point towards this stealthy distribution. Heavy overnight futures selling, often indicative of institutional activity, has been a recurring theme. This is further supported by high-volume unloading observed during regular trading hours, suggesting significant selling pressure from large players.

Technical indicators, often used by sophisticated traders, are flashing warning signs. Combined with behavioral metrics, these signals suggest that seasoned investors are not buying into the rally’s sustainability. They appear to be capitalizing on the wave of euphoria to reduce their exposure, betting that the market’s current exuberance is unsustainable.

As market analyst Chris Vermeulen points out, this recent uptick could be a well-orchestrated setup for a more significant market correction. Vermeulen highlights the confluence of macroeconomic conditions and cyclical patterns, suggesting that we are approaching a potential “financial reset.” This viewpoint aligns with the observed institutional behavior, further reinforcing the notion that the current rally is fragile and vulnerable.

The term “distribution” refers to a market condition where large, sophisticated investors strategically sell their assets while retail investors and less informed players are still buying. This creates the illusion of continued market strength while large players are quietly taking profits and reducing risk. It’s a classic hallmark of a market top, often preceding a broader and more significant selloff.

While predicting market timing with absolute certainty is impossible, the convergence of these factors – institutional selling, concerning technical indicators, and warnings from experienced analysts – paints a concerning picture. The apparent disconnect between the market’s short-term bullish sentiment and the underlying institutional activity should be a red flag for investors.

While the market may continue to enjoy short-term gains, the subtle but significant shift in institutional sentiment suggests that now is the time to proceed with caution and prepare for potential headwinds. The smart money may be exiting, and ignoring these signals could prove costly in the long run.

INTERVIEW TIMELINE:

 0:00 Intro

1:30 Gold & silver update

7:20 Stock market update

 12:10 Silver to drop, how much?

 13:30 Stock market crash

17:30 Holding cash

18:57 Gold/silver ratio

 19:40 Dollar Index

https://www.youtube.com/watch?v=LF1IuIAJ080

Iraq Economic News And Points To Ponder Wednesday Morning 5-14-25

After Increasing Its Trade Transactions To Approximately $65 Billion, The Ministry Of Commerce Stated That Iraq Is A Major Economic Player In The Region.

economy | 11:39 - 05/13/2025   Mawazine News - Baghdad -  The Ministry of Trade confirmed, on Tuesday, that Iraq represents an important economic player in the region, as it is witnessing a remarkable development in the volume of trade exchange with Arab countries, and is working to strengthen its regional and international economic role.

The official spokesperson for the ministry, Mohammed Hanoun, stated in a statement received by Mawazine News that "the volume of trade exchange between Iraq and 11 countries amounted to approximately $65 billion in the first half of 2024, a 10% increase compared to the same period in 2023."

He added, "The volume of trade exchange between Iraq and Saudi Arabia reached $1.3 billion in 2024, reflecting a significant increase compared to previous years," noting that the volume of trade exchange between Iraq and Jordan exceeded $1 billion annually, after increasing by 45.6% over the previous year. The volume of trade exchange with the United Arab Emirates in 2023 reached $22 billion in Emirati exports to Iraq.

Regarding Iraq's economic role, Hanoun explained that Iraq's economic role in the region and the world has begun to grow and increase, as it ranked 51st globally and fourth in the Arab world on the list of the largest economies in the world for the year 2025, according to a report issued by the American magazine "CEO World."

Hanoun affirmed that the "Development Road" project, estimated to cost $17 billion, aims to make Iraq a regional transportation hub by linking its southern hinterland to the Turkish border in the north, strengthening its role as an economic hub in the region.

 He emphasized that Iraq's move is to strengthen its economic position by developing trade relations with Arab countries, reviewing all previous agreements, and implementing strategic projects aimed at diversifying its economy and reducing its dependence on oil.

He added that Iraq's commitment to hosting the Arab Summit reflects its commitment to leading Arab efforts towards achieving economic and development integration, having called for the establishment of an Arab economic bloc that invests in the human and geographical resources of Arab countries, with the aim of achieving effective economic integration, providing job opportunities, and achieving social justice.

The official spokesperson for the Ministry of Trade continued, "By hosting the Arab Summit, Iraq seeks to focus on food security and sustainable development, and developing an Arab strategy for food security, in addition to supporting initiatives related to artificial intelligence, energy, water, and education, with the aim of achieving sustainable development in the region."

He concluded by saying that "Iraq had proposed in previous meetings the establishment of an Arab Council comprising trade ministers under the umbrella of the League of Arab States, to enhance coordination and integration in trade policies among member states." https://www.mawazin.net/Details.aspx?jimare=261376

The Dollar Continues To Rise Against The Dinar In Baghdad.

Stock Exchange  Economy News – Baghdad  The exchange rate of the US dollar rose against the Iraqi dinar on Tuesday morning in Baghdad markets.

The dollar exchange rate rose slightly on the Al-Kifah and Al-Harithiya stock exchanges, reaching 142,850 Iraqi dinars per $100, compared to 142,750 dinars per $100 on Monday.

Selling prices at exchange offices in Baghdad's local markets remained stable, with the selling price reaching 143,750 dinars per $100, and the buying price reaching 141,750 dinars per $100. https://economy-news.net/content.php?id=55415

Iraqi Oil Prices Recover To $66 Per Barrel.

economy | 09:26 - 05/13/2025  Mawazine News - Follow-up:  Iraqi oil prices recorded a significant increase during daily trading on the global market on Tuesday.

According to data reviewed by Mawazine News, Basra Medium crude oil recorded $66.00 per barrel, while heavy crude oil recorded $62.85 per barrel, with a change rate of +1.69% for both.

The data also showed a slight decrease in global oil prices, with British Brent crude recording $64.85 per barrel, while US West Texas Intermediate crude oil recorded $61.88 per barrel, with changes rates of -0.15% and -0.11%, respectively.   https://www.mawazin.net/Details.aspx?jimare=261371

Gold Prices Rebound From Their Lowest Levels In More Than A Week.

Time: 2025/05/13 08:52:42 Read: 1,485 times  {Economic: Al Furat News} Gold prices rose on Tuesday from their lowest levels in more than a week, reached in the previous session, following a temporary agreement between the United States and China to reduce mutual tariffs.

Spot gold rose 0.7% to $3,259.39 per ounce, after falling 2.7% in the previous session. US gold futures also rose 0.8% to $3,256.40 per ounce.

Following two days of negotiations in Geneva, the United States and China announced mutual tariff reductions over the next three months. The United States reduced tariffs on Chinese imports from 145% to 30%, while China reduced tariffs on US imports from 125% to 10%, boosting global stocks.

The two sides exchanged tariffs last month, fueling trade tensions between the world's two largest economies.   LINK

As Part Of Preparations For The Baghdad Summit, The Economic Council Holds Its Ministerial Meeting.

Political | 04:47 - 05/13/2025  Mawazine News - Baghdad -  The Economic Council held its ministerial meeting today, Tuesday, in preparation for the Arab Summit to be held in Baghdad.

Trade Ministry spokesman Mohammed Hanoun told Mawazine News that "the Council discussed the summit agenda, which included 27 items covering a range of economic, social, and developmental issues that are a priority for joint Arab action."

He added that "one of the most prominent points of the meeting was enhancing Arab economic integration, with a focus on completing the Greater Arab Free Trade Area project and promoting electrical interconnection and transportation projects between Arab countries.

" Hanoun continued, "The topic of food and water security also included: The meeting discussed initiatives to achieve food and water security in the region, including supporting sustainable agriculture and developing water resources."

Regarding the Arab Artificial Intelligence Initiative, Hanoun explained that "the Secretary-General of the League of Arab States' initiative entitled 'The Arab Artificial Intelligence Initiative: Towards Technological Leadership and Sustainable Development' was reviewed, which aims to enhance the use of modern technologies in development."

He pointed out that "the meeting addressed the issue of supporting and sheltering displaced families from the Palestinian territories: The meeting discussed the project to support and shelter displaced families from the Palestinian territories, and to confront attempts to displace the Palestinian people from their land."

The Ministry of Commerce spokesperson indicated that "the empowerment of youth and women was discussed: the files of empowering youth and women, developing technical education, digital transformation, and building cyber capabilities were discussed, with an emphasis on protecting Arab cultural heritage."

He concluded by saying that "the 'Baghdad Declaration' document was issued: The summit is scheduled to conclude with the issuance of the 'Baghdad Declaration' document, which is expected to embody the unified Arab position on the political, economic, and security issues on the agenda." https://www.mawazin.net/Details.aspx?jimare=261388

The Arab Summit In Baghdad And Joint Arab Economic Cooperation

Samir Al-Nusairi   The 34th Arab Summit will be held in Baghdad soon, amidst the economic, political and security challenges and crises sweeping the world, the Arab region and the geographical region, at a time when most countries are suffering from the current trade war between America and China,

which has disrupted international trade and complicated ways to facilitate the economic and financial process, in addition to the effects of wars, conflicts and disputes in the region and the world on the current economic situation and expectations of slowing economic growth and inflationary stagnation and the suffering of countries that depend primarily on oil as the main resource for the country, as well as the accumulated suffering of poor countries from the food and energy crises.

All of the above factors make Iraq, which is witnessing security and economic stability, enjoys balanced foreign relations with countries of the world, and strong and open relations with Arab countries.

This is supported by the success of the current government in achieving fundamental stages of comprehensive economic, financial, and banking reform, which will be reflected in building a solid national economy and a solid financial and banking sector, as economic indicators indicate in 2024 and the first quarter of 2025.

Foreign exchange reserves and gold reserves exceed $100 billion, with a sufficiency rate of 140% to cover the local currency in cash circulation and to cover imports, the recovery of the Iraqi dinar, and the relative stability of the exchange rate against the US dollar. 

The annual inflation rate reached 2.8% and the core inflation rate 2.5%, which means maintaining the general level of prices despite the food crisis and the repercussions of the current global trade war. What strengthens the Iraqi economy are the giant economic and investment projects and joint projects with Arab and friendly countries, such as the Development Road Project, gas investment, regulating foreign trade financing, building solid financial and banking relations with the world's correspondent banks, complying with international standards, and combating money laundering and terrorist financing.

Therefore, holding the Arab Summit in Baghdad is an important step towards Iraq's return to its Arab fold and its openness to building balanced political, economic and security relations with sister nations. This will enable Iraq to launch an initiative for a joint Arab strategic cooperation project, similar to the one currently implemented by global economic blocs.

This initiative aims to formulate a strategy for Arab economic integration, unify joint policies and programs to support and enhance Arab development work and confront potential risks.

The experience of previous successful coordination relations with Egypt, Jordan, Saudi Arabia and the rest of the Gulf states has established important pillars for Arab economic cooperation, which supports Iraq's position in calling for the establishment of an Arab economic bloc that serves the supreme interests of the Arab peoples in all fields, especially cooperation, communication and strengthening financial and banking relations among them, particularly in foreign banking transactions.

Motivating and encouraging investment companies to invest in Iraq will lead to strengthening the financing and investment sectors, especially economic infrastructure projects. https://economy-news.net/content.php?id=55431

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 5-14-25

Good Morning Dinar Recaps,

🇺🇸 SENATORS URGE TREASURY TO RETHINK TAX ON UNREALIZED CRYPTO GAINS

Senators Cynthia Lummis (R-WY) and Bernie Moreno (R-OH) are calling on the U.S. Treasury to exempt unrealized cryptocurrency gains from a tax rule they argue unfairly penalizes American firms and stifles innovation.

In a letter sent Tuesday to Treasury Secretary Scott Bessent, the senators criticized how the 2022 Corporate Alternative Minimum Tax (CAMT), when combined with new FASB accounting rules, may result in companies owing taxes on crypto assets they haven’t sold. They claim this approach leaves U.S. businesses at a competitive disadvantage globally.

“Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors,” Lummis tweeted, sharing the letter on X.

🔍 Background: What’s the Issue?

The CAMT, enacted under the Inflation Reduction Act, imposes a 15% minimum tax on corporations with $1 billion+ in average annual earnings, based on adjusted financial statement income (AFSI)—not traditional taxable income.

In December 2023, the Financial Accounting Standards Board (FASB) adopted ASU 2023-08, requiring companies to use mark-to-market (fair value) accounting for crypto assets. This means firms must report unrealized gains from unsold crypto on financial statements.

Now, under CAMT rules, these unrealized gains could be treated as taxable income, even though the companies haven’t liquidated the assets.

“Neither Congress nor FASB planned this outcome,” the senators wrote. “It’s the unintended result of basing tax liability on decisions by a private organization… not principles of taxation.”

⚠️ Potential Fallout

Lummis and Moreno warned this tax interpretation could:

• Force companies to sell crypto assets just to cover tax bills.

• Discourage innovation and crypto adoption in the U.S.

• Give foreign competitors an edge, as many follow different accounting standards.

They urged the Treasury to:

• Exclude unrealized crypto gains from CAMT calculations.

• Issue interim guidance immediately, before long-term damage is done.

 Political and Regulatory Context

This challenge follows recent moves by President Trump’s administration to roll back Biden-era crypto regulations:

• In April, Trump signed a law repealing the controversial DeFi broker rule.

• In March, the Senate overturned the IRS requirement that decentralized finance (DeFi) protocols report user activity like banks.

Senator Lummis, a longtime crypto advocate, has led several legislative efforts including:

• The Lummis-Gillibrand Responsible Financial Innovation Act (2022).

• The BITCOIN Act (2025), reintroduced in March, to codify Trump’s executive order on establishing a national Bitcoin reserve.

🔮 What’s Next?

While the Treasury has yet to respond publicly, the pressure is mounting. The senators stressed the urgency, writing:

“Failure to provide this clarity… will disincentivize entities from maintaining large holdings of digital assets.”

If the current policy stands, the U.S. risks losing ground in the global race for digital finance leadership. Lummis and Moreno said they are willing to work directly with Treasury officials to resolve the issue.

📌 The battle over how crypto is taxed—especially unrealized gains—could shape the future of digital asset adoption in the U.S.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

South Korea Makes Crypto a Key Election Battleground

As South Korea gears up for its June 3 presidential election, the Democratic Party has launched a Digital Asset Committee to centralize crypto policymaking under the president’s office. The move signals crypto's rise as a major political and economic issue.

🔹 Key Points:

• New Digital Asset Committee formed on May 13 to shape national crypto policy.

• Focus areas: regulatory reform, stablecoins, exchange laws, and centralized oversight.

• The committee is drafting the “Stage 2 Bill” to modernize outdated digital asset laws.

🔹 Stablecoins in Spotlight:

• Won-pegged stablecoins are a priority, but debate continues over licensing vs. registration.

• Bank of Korea (BOK) demands final authority over KRW-linked stablecoins to protect monetary policy.

🔹 Political Stakes:

• Lee Jae-myung (Democratic Party) supports crypto innovation and a won-linked stablecoin.

• Kim Moon-soo (opposition) supports crypto adoption through public fund investment and legal clarity.

• With 16M+ South Koreans using crypto, digital assets have become a top campaign issue.

👉 Crypto is no longer niche in Korea—it’s a vote-winner.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

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