MilitiaMan & Crew: Iraqi Dinar News Update-Rare Earths-IMF-NewTrade Financial System-$Trillions-Exchange Rate Oriented

MilitiaMan & Crew:  Iraqi Dinar News Update-Rare Earths-IMF-NewTrade Financial System-$Trillions-Exchange Rate Oriented

5-15-2025

 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=htIzx2xUuto

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

Iraq: Concluding Statement Of The 2025 IMF Article IV Mission

May 15, 2025   A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

An International Monetary Fund (IMF) mission, led by Mr. Jean-Guillaume Poulain, met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation. The following statement was issued at the end of the mission:

A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability.

These include containing the fiscal deficit by mobilizing non-oil tax revenues and reining in the public wage bill, completing the restructuring of state-owned banks, and promoting private sector growth, by reforming the labor market, improving the business environment, enhancing governance and fighting corruption.

Building on recent progress, the Central Bank of Iraq (CBI) should continue modernizing the banking system and supporting private banks in expanding their corresponding banking relationships.

Recent Economic Developments, Outlook and Risks

The non-oil sector grew at a slower pace last year and inflation remained subdued. Following a very strong growth of 13.8 percent in 2023, Iraq's non-oil GDP is expected to have considerably moderated to 2.5 percent in 2024, driven by a slowdown in public investment and in the services sector, as well as a weaker trade balance.

The agriculture, manufacturing, and construction sectors remained resilient, benefiting from post-drought recovery, expanded refining capacity, and strong growth in credit to households.

The decline in oil production weighed on overall growth, which contracted by 2.3 percent for the year. Inflation dropped to 2.7 percent by end-2024, amid lower food price inflation and liquidity absorption from the CBI.

The fiscal position has deteriorated, along with external balances. The 2024 fiscal deficit is estimated at 4.2 percent of GDP, compared to 1.1 percent in 2023, reflecting rising spending on wages and salaries and energy purchases. Financing constraints have led to reemergence of arrears notably in energy and capital expenditure.

On the external front, the current account surplus narrowed sharply from 7.5 percent to 2 percent of GDP, due to a surge in goods imports. Nonetheless, external buffers remain strong, with reserves at US$100.3 billion at end-2024—covering over 12 months of imports.

Non-oil growth is projected to remain subdued in 2025 amid a challenging global environment and financing constraints. Non-oil GDP is projected to slow down to 1 percent this year as the impact of falling oil prices and financing constraints weigh on government spending and consumer sentiment.

 The current account is expected to weaken considerably in 2025 primarily due to declining oil export revenues. The deterioration in the external position is projected to weigh on foreign reserves.

Policy Priorities

Iraq’s vulnerabilities have increased in recent years due to a large fiscal expansion. Beside weighing on prospects of private sector-led growth, current public employment policies and resulting wage costs are unsustainable given Iraq’s low non-oil tax base. Accordingly, dependence on oil revenues has worsened, and the oil price required to balance the budget increased to around $84 in 2024, up from $54 in 2020.

These challenges have been exacerbated by the sharp decline in oil prices in 2025, requiring an urgent policy response. In the very short-term, the authorities should review current and capital spending plans for 2025 and limit or postpone all non-essential expenditure.

At the same time, there may be scope to increase non-oil revenues by revising customs duties as well as introducing or raising excise taxes.

The authorities should also explore options to diversify the creditors base for increasing financing availability. Monetary financing of the deficit should be avoided as it could fuel inflation, drain FX reserves, and weaken the CBI’s balance sheet.

More broadly, a sizable fiscal consolidation is needed to mitigate macro-fiscal risks, ensure debt sustainability, and rebuild fiscal buffers. On the revenue side, besides customs duties and excise taxes, there is scope to gradually reform personal income tax by limiting exemptions and increasing rates.

Strengthening tax administration—through digitalization, improved enforcement, and better collection—is essential. A more effective tax administration should allow for eventually introducing a general sales tax.

On the spending side, curbing current expenditures, particularly via comprehensive wage bill reforms, limiting mandatory hiring, and adopting attrition rule, would yield significant savings. Recent efforts to better target the public distribution system are welcome, but there is scope to further improve targeting and eventually shift to cash-based social safety nets.

Finally, it is urgent to reform the public pension system through raising the retirement age and reducing both the accrual and replacement rates is needed to enhance its sustainability.

Implementing these reforms would also create fiscal space to increase capital spending. Expanding non-oil investment, especially in trade and transportation infrastructure should help economic diversification.

Substantial investments are also required to modernize the electricity sector and develop natural gas resources, both of which are essential for improving energy security and reducing dependence on gas imports. Improved procurement, public financial management, and corruption control would enhance the effectiveness of any additional public investment.

Further efforts are needed to mop up excess liquidity in order to improve monetary policy transmission. While the CBI has made progress in absorbing excess liquidity, additional adjustments could enhance the effectiveness of the framework.

Key measures include increasing the issuance of CB-bills, focusing on the short maturity (14-day) at the policy rate, revising size limits on individual banks’ bids, and improving liquidity forecasting tools and practices. To safeguard its balance sheet and preserve credibility, the CBI should continue to avoid financing the government deficit.

The mission commended the CBI for the successful transition to the new trade finance system. Trade finance is now fully processed by commercial banks through their correspondent banking relationships. This has also supported the recent decline in the spread between the official and parallel market exchange rates.

Nonetheless, further efforts are needed to further reduce the spread, including by imposing Iraqi dinar usage for car and real estate transactions, improving customs controls to curb smuggling, and simplifying FX access.

While initial steps to reform state-owned banks are encouraging, broader efforts are needed to strengthen the financial sector. The restructuring plan for state-owned banks should be finalized without delay, encompassing treatment of non-performing loans, and recapitalization needs.

In parallel, the mission welcomed progress in digitalization and the authorities’ intention to undertake a comprehensive banking sector overhaul. Reforms should include enhancing corporate governance, digital infrastructure, and cybersecurity, while promoting a stronger role for private banks.

 Efforts to enhance AML/CFT measures by tackling the deficiencies identified in the MENAFATF Mutual Evaluation report should continue.

Chronic power shortages, electricity losses and excessive tariff subsidization continue to weigh on the economy. Addressing inefficiencies in the electricity sector is important for fiscal sustainability and improving productivity. In 2024, distribution losses reached 55 percent, driven by theft and illegal connections, leading to significant financial losses.

The authorities are deploying smart meters and have introduced other measures to enhance billing and collection. However, progress should be accelerated. Once collection substantially improves, achieving cost recovery will also require electricity tariff increases, with carefully calibrated subsidies targeted to low-income users.

Recent disruptions in electricity imports from Iran further underscore the need for diversified supply and the development of gas projects.

Combating corruption and governance weaknesses is imperative to support economic development. Steps taken in the implementation and upgrade of the national anticorruption strategy and the improvements in corruption perception indices are positive developments. However, corruption remains a significant hurdle for growth.

Strengthening accountability frameworks for the operation of state-owned and private enterprises in the oil, electricity and construction sectors is critical, and thorough compliance with Extractives Industries Transparency Initiative standards and the enactment of the law on Transparency and Access to Information should be prioritized.

Additionally, aligning anticorruption legal frameworks with international covenants and best practice, and strengthening the independence of the judiciary are essential for effective enforcement and for the protection of economic rights.

A comprehensive structural reform agenda is essential to unlock growth potential. The mission estimates that a comprehensive set of reforms covering the labor market, business regulation, the financial sector and governance could double non-oil potential GDP growth over the medium term.

On labor market, priorities include increasing labor force participation, particularly among women, by improving female education and further reducing barriers to their work and mobility, and reforming public sector hiring, which distort labor markets and reduce productivity.

Efforts to better align skills with labor market needs should intensify. More generally, simplifying regulations and reducing bureaucratic impediments in e.g. business registration or tax administration should increase participation in the formal economy and help private sector development.

The mission would like to thank the Iraqi authorities and various stakeholders for their excellent hospitality and cooperation and candid discussions during the mission.

IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: Mayada Ghazala

Phone: +1 202 623-7100Email: MEDIA@IMF.org

https://www.imf.org/en/News/Articles/2025/05/15/mcs-iraq-concluding-statement-of-the-2025-imf-article-iv-mission?cid=em-COM-123-50132

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

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

Good Evening Dinar Recaps,

Trump’s Crypto Ties Pose Challenge for Stablecoin Legislation, Says Coinbase Exec

📍 Coinbase legal chief Paul Grewal says President Trump’s growing presence in crypto adds “a certain level of challenge” to bipartisan progress on digital asset legislation.

As the U.S. Senate prepares for another vote on the GENIUS Act — a stablecoin-focused bill aimed at regulating the digital dollar landscape — Coinbase Chief Legal Officer Paul Grewal has flagged President Donald Trump’s personal ventures into crypto as a complicating factor in building bipartisan consensus.

Speaking at the Consensus conference in Toronto on May 15, Grewal acknowledged that recent political tensions and concerns from both parties, especially Democrats, are slowing progress.

“The discussion around the president's support for a certain memecoin or two and other efforts does add a certain level of challenge to the effort to get Democrats and Republicans aligned,” Grewal noted. Still, he expressed confidence that both chambers of Congress would “sort all that out.”

🏛️ GENIUS Act Still Moving Forward

Despite the friction, lawmakers remain poised to vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in the coming days.

Recent reports suggest that Democrats were able to secure key revisions to the bill that include:

• Consumer protection enhancements

• Anti-Money Laundering (AML) safeguards

• National security provisions

Senator Kirsten Gillibrand (D-NY), one of the bill’s original sponsors, previously confirmed that language directly referencing Trump’s crypto ventures — including World Liberty Financial and the USD1 stablecoin — had been removed to help revive bipartisan support.

⚖️ Crypto Politics and Regulatory Headwinds

President Trump’s increasing crypto footprint — including meme coins, a stablecoin project, and a mining company — has triggered strong reactions on Capitol Hill. Prominent Democrats such as Senator Elizabeth Warren have pointed to these ventures as potential ethical hazards.

Grewal acknowledged that political entanglements may delay efforts to develop a comprehensive regulatory framework for stablecoins and the broader crypto market but emphasized that legislative momentum is still building.

“We’re going to learn a lot in the next few days about the appetite in Congress to move forward,” he said.

🧱 What’s Next?

After stablecoins, attention may shift toward a crypto market structure bill currently under review in the House. That bill builds on the FIT21 Act passed in 2024 and could face similar partisan scrutiny tied to “Trump’s crypto corruption,” according to some Democratic representatives.

Still, Grewal and other industry leaders are hopeful that the recent adjustments to the GENIUS Act will unlock further bipartisan cooperation as crypto regulation becomes a key legislative issue heading into the 2026 midterm elections.

@ Newshounds News™

🔗 Source: Cointelegraph

~~~~~~~~~

Central Bank of Russia Ranks Bitcoin as Top Global Investment Since 2022

📊 Bitcoin outpaces gold, stocks, and bonds with a 121.3% return, according to the Russian central bank.

In a move that underscores Bitcoin’s rising credibility on the world stage, the Central Bank of Russia has officially recognized Bitcoin as the top-performing global investment since 2022.

A new report from the bank shows that Bitcoin delivered:

• 38% returns over the past 12 months

• 121.3% cumulative return since 2022

This places it well ahead of traditional assets such as:

• Gold

• Equities

• Bonds

• The S&P 500 index

📉 Volatility Still a Factor

While Bitcoin outperformed all other assets, the Russian central bank also acknowledged its short-term volatility. Between January and April 2025, Bitcoin experienced a drop of 18.6%, underperforming most other asset classes.

The only assets that fared worse during this stretch were:

• Dollar-denominated savings

• The S&P 500

However, Bitcoin rebounded strongly in April, posting an 11.2% monthly gain, once again pulling ahead in the global investment race.

🚀 From Speculative to Strategic

The report highlights Bitcoin’s evolution from a speculative asset to a serious contender in global investment portfolios. Since 2022, Bitcoin has surged from under $20,000 to nearly $110,000, driven by:

• Institutional adoption

• Regulatory milestones

• Approval of spot BTC ETFs in the U.S. and Hong Kong

Even political factors are fueling this growth. President Donald Trump’s pro-crypto shift has added momentum to Bitcoin’s narrative as a strategic reserve asset.

🌍 Global Recognition and Adoption

Countries and companies alike are responding:

• Ukraine and Kyrgyzstan are exploring digital assets at the national level.

• Financial giants like Cantor Fitzgerald are integrating crypto strategies into broader financial operations.

Bitcoin is increasingly being viewed as:

• A hedge against macroeconomic risk

• A tool for expanding global financial access

• A potential long-term store of value, despite volatility

🔍 Summary

The Central Bank of Russia’s findings place Bitcoin squarely in the spotlight—not just as a volatile crypto asset but as a top-tier global investment with increasing legitimacy across the financial world.

@ Newshounds News™
🔗 Source: CryptoSlate

~~~~~~~~~

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

46 Iraqi Business Leaders Participate In The Investment Summit In Washington

Thursday, May 15, 2025 11:43 | Economic Number of reads: 290  Baghdad/ NINA / 46 Iraqi business leaders participated in the investment summit in Washington.

The US Embassy in Baghdad said in a statement: “A delegation of 46 business leaders from Iraq, including the Kurdistan Region, arrived in the United States to participate in the annual SelectUSA Investment Summit, which was held in the Washington, D.C., area from May 11 to 14.”

It added: “The delegation included a variety of sectors, including technology, cybersecurity, tourism, hospitality, food and beverage, franchising, agriculture, construction, investment, pharmaceuticals, real estate, and oil and gas,” explaining that “the wide variety of opportunities aims to promote cooperation and investment between the United States and Iraq.”

The SelectUSA Investment Summit is the largest event dedicated to promoting foreign direct investment in the United States.

The summit brings together international investors, representatives from state and local governments, and government officials to facilitate investment in the American economy. The SelectUSA Summit is organized by the Department of Commerce and provides essential information and services to help foreign investors navigate the investment process in the United States. /End
https://ninanews.com/Website/News/Details?key=1226982

Foreign Ministry To NINA: The Government Is Keen To Achieve These Priorities At The Baghdad Summit

Thursday, May 15, 2025, 3:44 PM | Politics Number of reads: 227  Baghdad / NINA / The Ministry of Foreign Affairs affirmed the Iraqi government's keenness to achieve important priorities during the Arab Summit, most notably strengthening joint Arab action with our brothers to match the challenges facing the Arab world and the region in general.

Undersecretary of the Ministry of Foreign Affairs Hisham Al-Alawi said in an interview with the National Iraqi News Agency ( NINA ) today, Thursday, that "there are a set of Iraqi messages that we are keen to send and mature through the Arab Summit meetings in the capital, Baghdad, including highlighting the positive developments witnessed by Iraq politically, security-wise and economically,

emphasizing the continuation of Iraq's rational policy in playing a positive role with our brothers, pushing towards ending wars, disputes and conflicts within the region, and creating an interactive climate that allows for political reforms and provides platforms for joint dialogue."

He added: "Economically, we seek to demonstrate Iraq's ability, after achieving political and security stability, to provide important opportunities and investments for our brothers and other countries outside the region, leading to economic integration that contributes to the development of various sectors, including energy, agriculture, industry, tourism, the financial and banking sectors, and the private sector, and reflects positively on providing job opportunities for Iraqi and Arab youth together.

 We also seek to enhance Arab cooperation in the field of combating extremism and terrorism, and push towards greater educational and cultural cooperation between Arab countries, as Iraqi universities have provided great opportunities for Arab youth to study in Iraq, including the "Study in Iraq" initiative, which attracted about 5,000 Arab and foreign students, which contributes to strengthening relations between Iraqi and Arab universities and reflects positively on other sectors."

Regarding the level of attendance and representation of Arab leaders at the summit, the Undersecretary of the Ministry of Foreign Affairs confirmed that "the level of presidential attendance at the Baghdad summit is good, and the number of leaders will exceed half, which is no less than the level of attendance at the Manama summit last year.

These are factors of optimism that we will emerge from a successful and different summit that pushes towards strengthening joint Arab action."

Regarding the outcomes of these meetings, Al-Alawi explained that "the meetings of the Ministerial Economic and Social Council, on Monday and Tuesday, focused on developmental, economic and social aspects. As for the delegates' meeting yesterday, Wednesday, and the foreign ministers' meeting today, Thursday, they are preparing draft recommendations and decisions for the Baghdad Declaration at the conclusion of the summit meeting, which will cover comprehensive political, technical and economic aspects, in addition to the Palestinian issue and support for Gaza.

There are also Iraqi and Arab initiatives that we expect to be approved and reflected in the formulation of the draft Baghdad Declaration at the conclusion of the meetings of Arab leaders and kings next Saturday."

He added, "The timing of the meetings and the circumstances in Iraq and the region provide great opportunities to work with our brothers to enhance joint cooperation, confront the challenges facing the Arab world politically and security-wise, and the state of instability in a number of Arab countries, as well as enhance Arab efforts to combat extremism and terrorism, increase Arab-Arab investments and partnerships, implement joint projects, provide Arab food security, and develop important sectors."

 He pointed out that "Iraq's leadership of the Arab group for a full year, as well as the economic development summit, as Iraq will lead the work of the Economic and Social Council for four years, will provide great opportunities to work with our brothers." /End
https://ninanews.com/Website/News/Details?Key=1227033

Gold Rebounds Slightly Ahead Of Fresh US Indicators

Money and Business  Economy News - Follow-up  Gold prices rose slightly in early trading Thursday as investors seized the opportunity after the yellow metal hit a one-month low in the previous session. Markets awaited US Producer Price Index data for further clues on the direction of the economy.

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

Spot gold rose 0.2 percent to $3,183.20 per ounce by 0033 GMT. U.S. gold futures fell 0.1 percent to $3,185.60, according to Reuters data.

Spot gold fell in the previous session to its lowest level since April 10 after a trade agreement between Washington and Beijing eased the trade war between the world's two largest economies. https://economy-news.net/content.php?id=55479

Sharp Drop In Oil Prices

Time: 2025/05/15 09:07:09 Read: 1,875 times  {Economic: Al Furat News} Oil prices fell sharply during Asian trading on Thursday.

The decline came after a report that Iran had expressed openness to a nuclear agreement with US President Donald Trump, while data showing an unexpected rise in US crude oil inventories raised concerns about oversupply.

Brent crude futures due in June reached $65.04 per barrel, while West Texas Intermediate crude futures fell to $61.62 per barrel.  https://alforatnews.iq/news/%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%AD%D8%A7%D8%AF-%D9%84%D9%84%D9%86%D9%81%D8%B7

The Dollar Continues To Rise In Baghdad And Erbil

Economy | 11:33 - 05/15/2025   Mawazine News – Baghdad  The US dollar exchange rate rose on Thursday morning in the markets of Baghdad and Erbil.

The dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 142,400 Iraqi dinars for every $100, while yesterday, Wednesday, it recorded 142,350 dinars for every $100.

Selling prices in exchange shops in the local markets in Baghdad rose, with the selling price reaching 143,500 Iraqi dinars for every $100, and the buying price reaching 141,500 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=261462

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

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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“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

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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

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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.

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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?!?!  

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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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Thank you Dinar Recaps

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