Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-5-25

Good Afternoon Dinar Recaps,

JUST IN: FDIC TO ALLOW BANKS TO MANAGE CRYPTO ASSETS AND TOKEN DEPOSITS

FDIC to let U.S. banks manage crypto assets, offer tokenized deposits without prior approval, marking a policy shift under the Trump administration.

The Federal Deposit Insurance Corporation (FDIC) is set to revise its guidelines, allowing U.S. banks to manage crypto assets and offer tokenized deposits without prior regulatory approval. This decision marks a shift in U.S. banking policy under the Trump administration, which has shown increased support for digital assets.

Good Afternoon Dinar Recaps,

JUST IN: FDIC TO ALLOW BANKS TO MANAGE CRYPTO ASSETS AND TOKEN DEPOSITS

FDIC to let U.S. banks manage crypto assets, offer tokenized deposits without prior approval, marking a policy shift under the Trump administration.

The Federal Deposit Insurance Corporation (FDIC) is set to revise its guidelines, allowing U.S. banks to manage crypto assets and offer tokenized deposits without prior regulatory approval. This decision marks a shift in U.S. banking policy under the Trump administration, which has shown increased support for digital assets.

Acting FDIC Chairman Travis Hill confirmed the changes during a Senate hearing, stating that the agency is reassessing its past approach to cryptocurrency regulations.

FDIC to Change Crypto Regulations for Banks

The FDIC’s decision to revise its crypto guidelines is part of an ongoing review of past regulatory policies that discouraged banks from engaging with crypto assets. Hill stated that banks seeking to enter the sector had faced delays, excessive scrutiny, and resistance from regulators.

During his testimony, Hill explained, “Requests from these banks were almost universally met with resistance, ranging from repeated requests for further information to directives from supervisors to refrain from expanding crypto- or blockchain-related activity.”

The FDIC has also released a series of internal documents detailing past communications with banks regarding cryptocurrency. These records were disclosed as part of a court order in response to a lawsuit by Coinbase, which had sought transparency on regulatory actions affecting the industry.

@ Newshounds News™

Source:  CoinGape

~~~~~~~~~

RIPPLE-CARDANO PARTNERSHIP COMING NEXT MONTH? (CHARLES HOSKINSON WEIGHS IN)

“We talk to David Schwartz and Brad Garlinghouse,” Cardano’s founder said.

▪️Hoskinson confirmed active discussions with Ripple’s leadership on RLUSD integration, with potential big news in March.

▪️Ripple’s stablecoin crossed $100M market cap, with major exchanges like Bitstamp embracing it.

One Step Closer?

The interactions between Cardano’s founder, Charles Hoskinson, and some of Ripple’s executives in the past months have caused some members of the crypto community to speculate about a potential collaboration between the two ecosystems.

In November last year, the bosses exchanged kind words, while Brad Garlinghouse (Ripple’s CEO) said, “Now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.”

Earlier this year, Hoskinson took part in a heated discussion on X in which he hinted that Cardano might integrate Ripple’s stablecoin – RLUSD – into its system. “We’ve already had a call with the RLUSD people. We are actively talking,” he stated at the time.

The chances of a partnership have seemingly gone up, considering Hoskinson’s most recent disclosure. He said Cardano’s team keeps an active conversation with Ripple’s leadership regarding the implementation of RLUSD. Hoskinson also indicated that big news might be announced next month:

“We talk to David Schwartz and Brad Garlinghouse. Strong possibility we can negotiate (RLUSD). Ripple told us to wait till March as they just finished NYDFS. We’ll see if there’s a roadmap and how they’ll get that done.”


A potential partnership between Cardano and Ripple (two of the most recognizable entities in the crypto world) may positively impact the prices of their native tokens. As of writing these lines, ADA and XRP are both in the red weekly following the severe market correction witnessed on February 3.

RLUSD’s Advancement

Ripple made the headlines in April 2024, revealing its plans to design a stablecoin pegged 1:1 to the American dollar. The product passed through a testing phase in the following months before being officially approved by the New York Department of Financial Services (NYDFS) in mid-December.

At first, it received support from the cryptocurrency exchanges Uphold, Bitstamp, Bitso, Moonpay, CoinMENA, and Bullish.

Monica Long (Ripple’s president) said at the beginning of January that people should expect such a move from other popular platforms “imminently.” Shortly after, Bitstamp hopped on the bandwagon, listing the following trading pairs: RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.

Despite being far away from the leaders Tether (USDT) and USD Coin (USDC), RLUSD recently hit an important milestone: its market capitalization crossed $100 million. It will be interesting to see whether the product will keep progressing throughout 2025 and whether it will erase the big gap between itself and the leaders in its field.

@ Newshounds News™

Source:  CryptoPotato

~~~~~~~~~

SEC SUED BY WATCHDOG GROUP OVER WITHHELD CRYPTO REPORT

Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission for failing to disclose a long-awaited report on ethical conflicts and selective enforcement within the agency.

The SEC Office of Inspector General completed the report more than a year ago, but the agency has yet to release it despite repeated Freedom of Information Act requests, according to the lawsuit.

The lawsuit seeks to compel the SEC to disclose findings related to former SEC Division of Corporate Finance Director William Hinman.

The investigation focuses on potential conflicts of interest involving Hinman’s ties to his previous law firm, Simpson Thacher, which had financial interests in promoting Ethereum.

SEC’s ‘silent treatment’

Empower Oversight has pursued SEC transparency since August 2021filing multiple FOIA requests and lawsuits seeking documents related to agency communications with crypto entities. The watchdog argues that the SEC’s delays suggest a pattern of avoiding accountability in its enforcement actions.

“The SEC’s silent treatment is old and tired, and its refusal to release these records is, quite frankly, suspicious,” said Tristan Leavitt, president of Empower Oversight.

Leavitt emphasized that transparency is essential to addressing concerns over regulatory bias and ensuring accountability in the crypto sector.

The SEC has faced mounting criticism for its regulatory approach, with industry leaders, including Coinbase, accusing the agency of selective enforcement.

Former SEC Chair Gary Gensler also faced scrutiny for aggressive litigation against major crypto firms like Coinbase and Ripple.

Empower Oversight remains committed to obtaining the SEC OIG report, arguing that public access to the findings is necessary to evaluate the agency’s handling of crypto regulations.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

Plan to Abolish the Fed and Income Tax, is $100K Gold Next?

Plan to Abolish the Fed and Income Tax, is $100K Gold Next?

Taylor Kenny:  2-4-2025

Imagine a world where you don’t have to file taxes every year. No more deductions, no more credits, just a paycheck you keep entirely. It sounds like a utopian dream, and it’s one seemingly floated by President Donald Trump.

While details remain scarce, the mere suggestion of eliminating income tax has sparked a whirlwind of speculation – most notably, the potential for gold prices to skyrocket to unprecedented levels, possibly even exceeding $100,000 per ounce.

Plan to Abolish the Fed and Income Tax, is $100K Gold Next?

Taylor Kenny:  2-4-2025

Imagine a world where you don’t have to file taxes every year. No more deductions, no more credits, just a paycheck you keep entirely. It sounds like a utopian dream, and it’s one seemingly floated by President Donald Trump.

While details remain scarce, the mere suggestion of eliminating income tax has sparked a whirlwind of speculation – most notably, the potential for gold prices to skyrocket to unprecedented levels, possibly even exceeding $100,000 per ounce.

But is this a realistic possibility, or just wishful thinking? And what would it take to replace such a significant revenue stream for the government?

Trump’s vision, as hinted at, involves potentially replacing income tax with tariffs on imported goods. This radical shift would fundamentally alter the way the US economy operates. Proponents argue it would simplify the tax system, incentivize domestic production, and potentially boost certain sectors.

So, where does gold fit into this equation? The answer lies in uncertainty. Dramatic shifts in economic policy, especially those involving potential inflation and trade disruption, often drive investors towards safe-haven assets like gold.

While the possibility of a massive gold surge is undoubtedly intriguing, a price of $100,000 per ounce remains a highly speculative scenario. Several factors would need to align perfectly for such an extreme outcome. Other potential implications beyond gold would also need to be considered in the event of a trade war.

However, the discussions surrounding Trump’s economic proposals highlight the potential for significant changes in the global financial landscape. The combination of unprecedented fiscal policies, potential trade disruptions, and questions surrounding the role of the Federal Reserve creates a climate of uncertainty that undoubtedly favors safe-haven assets, putting gold squarely in the spotlight.

Whether it will reach $100,000 or not remains to be seen, but one thing is clear: the potential shift underway in the financial system is already making waves, and the possibility of a major shakeup is something investors can’t afford to ignore.

CHAPTERS:

 00:00 - Trump’s Radical Income Tax Proposal

 01:11 - The Pre-1913 Financial System Explained

 02:23 - Why the Federal Reserve & Income Tax Go Hand in Hand

 04:18 - Could Gold Be Revalued? A Look at 1934 & Today

 06:07 - The BIS & IMF’s Role in a Global Currency Reset

07:15 - How a Gold Revaluation Could Change Everything

 08:21 - What This Means for Your Financial Future

https://www.youtube.com/watch?v=5oznbJKJ26o

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

“Coffee With MarkZ” Wednesday Morning Chat 2-5-2025

PDK Note:  I only transcribe RV/Financial news and intel. Not political opinions or most guests on this podcast.    If a podcast is mostly political…I may not transcribe it at all. Thank you

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Gooood morning Mark, mods and fellow Patriots

Member: Wed. already and we continue to wait….Hope Mark has some RV news today.

Member: I cross my fingers we get great news posted in the Iraq gazette this weekend.

PDK Note:  I only transcribe RV/Financial news and intel. Not political opinions or most guests on this podcast.    If a podcast is mostly political…I may not transcribe it at all. Thank you

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Gooood morning Mark, mods and fellow Patriots

Member: Wed. already and we continue to wait….Hope Mark has some RV news today.

Member: I cross my fingers we get great news posted in the Iraq gazette this weekend.

Member: Please tell us we are close to getting a published rate in Iraq?

Member: Ramadan starts Feb 28th and lasts a month

Member: Do you think we will see the RV before Easter Mark?

MZ: I think we will see it before Easter…..I could be wrong…but that is what I think

MZ: From Iraq: “Trump makes a decision to prevent Iraq from importing gas and electricity from Iran” We know Iraq is working on getting its gas facilities up to speed for consuming and using their own natural gas products…..as far as electricity-Iraq is going to need a bit of help from the US . You can expect the US to help build infrastructure in Iraq. In the long run this will bring more stability to Iraq and stop influence from Iran.  There needs to be a quick response to make this work.

Member: Mark we have the best people that come up with impossible solutions with the Army Corp of Engineers and Navy Seabees. We use both organizations together and nothing we can't accomplish post haste.

MZ: “ Sudanese Diplomacy puts Iraq on the path to peace : A strategic choice to avoid the scourge of war”  While things fall apart around Iraq….they are standing strong. Part of the reason is because they are working with the new Trump administration

MZ: “ Iraq and Jordan agree to reorganize entry of goods” They are working on a joint economic city on the border so this will become a “border city” or a trade city for both sides. Jordan is widely accepted as a friend to all westernized countries and will open up an enormous door for Iraq internationally.  This is big and exciting news.

MZ: From Rueters “ British petroleum (BP) plans to invest $25 billion in Iraq” They would not be there if they did not think they would make their money back over time. This is a long term commitment  to the Kirkuk region….more Stability

MZ: “Iraq finance launches bonds worth two trillion dinars to boost investment and save” This is exciting. Iraqi citizens wish to invest in the future of Iraq and they get a better rate then even US Savings bonds.

Member: What are we expecting once the budget tables are done?

MZ: We are expecting and hoping the Iraqi tables to have new rates. Amounts and new rates for currency… I am told parliament is working on them today

MZ: “ Is Silver on the verge of the biggest breakout in History? “ Imo personal opinions based on history and charts we may see silver hit $50 and ounce

Member: Is there any new historic bond or redemption contact news?

MZ: It’s is like pulling teeth to get bond news since they are cracking down on them ..plugging leaks and doing more compliance work as things are again “out of date” since this has taken so long. They are again updating things. So once again while they go through updating compliances….things are very quiet. 

MZ: Many bond contacts had expected things to happen on Jan 4th…but some are now looking at after the 10th to the 12th .

Mark, next week is Valentine’s day on Friday the 14th  AND President’s Day on Monday the 17th… so a 3  day weekend.... Any chance they are gonna hold out announcements until then as it’s a 3-day weekend??

Member: Many are saying money exchange will happen first and nesara gesera will be in Aug ? Was hoping it would all happen at the same time

Member: The U.S. Department of the Treasury is offering $125 billion of Treasury securities to refund approximately $106.2 billion of privately-held Treasury notes and bonds maturing on February 15,

Member: U.S. Department of the Treasury Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS)

Member: Wow my bank is down for updates

Member: Come on RV momma needs a new pair of shoes, and daddy needs a new truck. Lol

Member: Everyone enjoy your day and keep praying our breakthrough happens quickly.  God Bless

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:    https://www.youtube.com/watch?v=Hh16ftGIPmQ

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Wednesday 2-5-2025

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. 5 Feb. 2025

Compiled Wed. 5 Feb. 2025 12:01 am EST by Judy Byington

Judy Note: Stock Market to crash and Banks shut down. Bitcoin? Gone. China’s digital control? Destroyed. Only gold-backed currencies would remain as the power grid collapsed – the power to be immediately replaced by Tesla Free Energy coming from the heart of the Earth.

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. 5 Feb. 2025

Compiled Wed. 5 Feb. 2025 12:01 am EST by Judy Byington

Judy Note: Stock Market to crash and Banks shut down. Bitcoin? Gone. China’s digital control? Destroyed. Only gold-backed currencies would remain as the power grid collapsed – the power to be immediately replaced by Tesla Free Energy coming from the heart of the Earth.

Global Currency Reset

Wed. 5 Feb. 2025 according to Bruce Tier4 a, b (Us, the Internet Group) will be notified by email of how to set redemption appointments, with those appointments beginning Wed. or Thurs. 6 Feb. 2025.

Sun. 9 Feb. QFS set to become fully operational with intense military operations.

Sun. 2 Feb. 2025: PROJECT ODIN: Starlink, Disclosing the Quantum Revolution, NESARA GESARA, and the Biblical Fall of Global Control with Rods of God – amg-news.com – American Media Group

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

Tues. 4 Feb. 2025 Bruce 667-770-1866, pin123456#:

Several Redemption Center Leaders said Iraq brought out a new rate last Sun. 2 Feb.

Bond Holders will be (allegedly) getting notified by email tomorrow Wed. 5 Feb. at five different times. They get access to their funds on Wed. 5 Feb.

Tier 4 a, b (us, the Internet Group) is supposed to get notification through email around ten am tomorrow Wed 5 Feb. and start appointments tomorrow afternoon or will on Thurs. 6 Feb.

You can (allegedly) get up to $2,000 cash in gold/asset-backed US Notes twice a day at the Bank ATMs.

The new rates are supposed to be up tomorrow Wed. 5 Feb.

The Redemption Centers are supposed to be fully staffed by 10 am on Wed. 5 Feb.

Redemption appointments could start tomorrow Wed. 5 Feb. or will begin on Thurs. 6 Feb.

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

Global Financial Crisis:

Tues. 4 Feb. 2025: “In addition to eliminating all personal and corporate income taxes, the death tax, gift taxes, and the payroll tax, the Fair Tax would also eliminate the need for the Internal Revenue Service.” https://www.newsweek.com/republican-plan-abolish-federal-income-taxes-irs-reform-2023362

Read full post here:  https://dinarchronicles.com/2025/02/05/restored-republic-via-a-gcr-update-as-of-february-5-2025/

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

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

Mnt Goat   Article:   “IRAQ ISSUES NEW BANKNOTES WITH INNOVATIVE SECURITY FEATURES FOR THE VISUALLY IMPAIRED.. PHOTOS”.  I have to once again reinforce...that the issuance of the visually impaired three zero notes is not an issue.  As an investor, this is  not something you should worry about...it is actually a good thing for our investment not a negative impact.

Militia Man    If they're going to be paying salaries, if they're going to be allowing oil to move, change is coming.  We can all feel they're going to have to adjust their exchange rate...If they were going to expose 1310 they would have done it a long time ago.  They would have never waited this long.  They wouldn't have hid it and they would have made the budget tables public...Are they waiting for a special timeIt sure looks like it.  A digital transformation is upon them and they're going to have an interconnection with a digital platform to move their currency...I think Iraq is probably not going to be the only one that's going to be involved in this.

Iraqi Parliament Votes on Budget Amendments

Edu Matrix:  2-4-2025

Iraqi Parliament Votes on Budget Amendments - The Iraqi Parliament has made a significant decision by voting on crucial amendments to the federal budget law, impacting the nation’s economy and oil exports from the Kurdistan Region. In a session marked by tension and protests, lawmakers faced heated debates around critical issues, including the General Amnesty Law and financial disputes with the KRG.

Despite a boycott by some members, the amendments were passed, highlighting the urgent need for economic stability in Iraq.

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

In Our FACES! SOMETHING IS BEING SET UP, (BE ON GUARD). VERY IMPORTANT UPDATES.

Greg Mannarino:  2-5-2025

https://www.youtube.com/watch?v=E0yWoAuuMp8

 

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This Will Likely Be A Really Big Deal For Gold

This Will Likely Be A Really Big Deal For Gold

Notes From the field by James Hickman (Simon Black)  February 4, 2025

Well that was fast.

The smoke had barely cleared on the opening salvo of the Great North American trade war, when all sides called a truce to talk out their differences.

Just as we wrote yesterday, this is exactly what I was hoping would happen. In fact, in a Zoom call that Peter and I had Friday with our Total Access members, we predicted this outcome: that the trade wars were just an elaborate show to demonstrate to the world that America is willing to make good on its threats, and force everybody to the negotiation table.

This Will Likely Be A Really Big Deal For Gold

Notes From the field by James Hickman (Simon Black)  February 4, 2025

Well that was fast.

The smoke had barely cleared on the opening salvo of the Great North American trade war, when all sides called a truce to talk out their differences.

Just as we wrote yesterday, this is exactly what I was hoping would happen. In fact, in a Zoom call that Peter and I had Friday with our Total Access members, we predicted this outcome: that the trade wars were just an elaborate show to demonstrate to the world that America is willing to make good on its threats, and force everybody to the negotiation table.

There may be some short term benefit that comes from this. But as we said yesterday, there will likely be some long term consequences and here’s why:

According to Federal Reserve data, there will be roughly $28 trillion worth of US government bonds maturing over the next four years, i.e. now through the end of 2028.

That’s more than 75% of the government’s $36+ trillion national debt.

This is an absolutely staggering figure, averaging $7 trillion per year for the next four years.

And remember, we’re just talking about the existing debt that is set to mature. It doesn’t even include new debt that has to be issued over the next four years, which could easily be another $7-10 trillion.

This is an enormous problem for the Treasury Department, because they clearly don’t have $28 trillion to repay those bondholders.

Now, usually whenever a government bond matures, the investor might simply roll the proceeds into a new government bond. In other words, the old bond matures, and the investor puts the entire principal and interest into a new bond at whatever the higher interest rate is today.

This alone is going to cost the government a lot of money, because most of the bonds that are maturing over the next four years were originally issued 5, 10, or even 20 years ago, when interest rates were much, much lower.

So let’s do the math: if the government issued $28 trillion in the past at an average interest rate of 3%, but now they’ll have to refinance all that debt at a new rate of 5%, then effectively they’ll be paying an extra 2% per year.

That’s almost $600 billion in additional interest EACH YEAR on top of the $1.1 trillion interest bill that they’re currently paying. But even that might be wishful thinking.

And the reason why is, if you look at America’s public debt, the investors who buy those bonds are split pretty evenly between US entities (the Federal Reserve, American companies, US individual investors) and foreign investors (foreign government, central banks, multinationals).

This is critical to understand: the Treasury Department relies very heavily on foreigners to buy US government bonds and help fund the national debt.

At the moment, most countries around the world have to buy US government bonds simply because the US dollar is still the world’s dominant reserve currency. So they are essentially forced to hold US dollar assets, and Treasury securities are still the most liquid US dollar assets in the world.

Yet for the past several years there has been a significant movement underway by a number of countries to engage in trade and commerce without using the dollar. And this movement is growing.

I mentioned in my letter to you yesterday that the brand new Secretary of State Marco Rubio acknowledged this over the weekend, suggesting that the dollar’s dominance could be seriously diminished within five years.

Facing the constant threat of sanctions and tariffs will only motivate Brazil, Russia, China, India, and even many countries in Europe, to accelerate their diversification away from the dollar, and away from the United States.

The natural beneficiary of that trend will be gold.

We’ve written about this extensively. Gold rocketed to an all time high last year because central banks, and foreign governments, were reducing their dollar holdings.

And think about it. If you’re a foreign central bank and you have $100 billion of US government bonds that are about to mature, what are you going to do?

Are you going to reinvest that entire $100 billion back into a country that might already be threatening you with economic penalties?

Or do you quietly let the treasuries mature, take the money, and find someplace else to invest that $100 billion?

A lot of foreign governments and central banks are going to be giving serious consideration to option two.

But they are going to have to invest that money in an asset that, like US dollars, is widely accepted, and has universal value and marketability around the world.

Gold is one of those assets. And that’s why central banks have been buying so much of it for the past couple of years.

I think there’s an obvious case to be made, given the prospects of tariffs and further trade wars, or even just the threats thereof, they are going to keep buying gold and send the price even higher.

So if you’re interested in hedging against future risks to the US dollar, gold makes a lot of sense.

But on a final note, I’ll point out as I have in the past, that foreign governments and central banks buy gold. They do not buy shares in gold companies.

And right now there is a bizarre financial paradox in that gold is at an all time high, but thriving, profitable businesses which produce gold are trading at absurd discounts.

And we’ll talk about some examples over the next few days.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/this-will-likely-be-a-really-big-deal-for-gold-152041/

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-5-25

Good Morning Dinar Recaps,

REPUBLICAN LAWMAKERS LAUNCH BICAMERAL WORKING GROUP TO BRING CLARITY TO CRYPTO

Republican lawmakers announce a bicameral working group to fast-track crypto regulations, focusing on stablecoins and digital asset market rules in a major push for long-awaited industry clarity.

Republican lawmakers are stepping up their efforts to bring clear rules to the crypto industry, forming a bicameral* working group to push legislation on stablecoins and digital asset market structures.

Good Morning Dinar Recaps,

REPUBLICAN LAWMAKERS LAUNCH BICAMERAL WORKING GROUP TO BRING CLARITY TO CRYPTO

Republican lawmakers announce a bicameral working group to fast-track crypto regulations, focusing on stablecoins and digital asset market rules in a major push for long-awaited industry clarity.

Republican lawmakers are stepping up their efforts to bring clear rules to the crypto industry, forming a bicameral* working group to push legislation on stablecoins and digital asset market structures.

The move, announced on Feb. 4 at a Capitol Hill press conference, marks a coordinated effort between key House and Senate leaders to create a structured framework for crypto regulation, an issue that has remained in legal limbo for years.

The working group includes members from four major committeesthe House Financial Services Committee, the House Agriculture Committee, the Senate Banking Committee, and the Senate Agriculture Committeeshowing that lawmakers see crypto regulation as an issue that spans multiple sectors of financial oversight.

Representative French Hill of Arkansas, along with Senators Tim Scott and John Boozman and Representative Glenn Thompson, will play leading roles in shaping these policies, drawing from existing legislative efforts while introducing new proposals.

Lawmakers plan to build on the Financial

Innovation and Technology for the 21st Century Act (FIT21), which passed a House committee in 2024, while also using a new stablecoin bill introduced by Senator Bill Hagerty on Feb. 4 as a starting point for further discussions.

Senate Banking Chair Tim Scott has made it clear that speed is a priority, saying he wants to push the crypto bills through the Senate within the first 100 days of the congressional session.

Conversations with Democratic colleagues are already underway, raising the possibility that some elements of these bills could gain bipartisan support.

At the press conference, David Sacks, Trump’s crypto and artificial intelligence czar, spoke about the broader vision for digital assets, calling this a key moment to create a “golden age” for crypto in the U.S.

His role extends beyond Congress, as he is also overseeing a separate initiative within the White House to assess the possibility of a government-held Bitcoin reserve.

Trump’s executive order on Jan. 23 laid the foundation for that discussion, along with directives to prevent the creation of a central bank digital currency.

For years, the lack of clear rules has driven many crypto firms to set up operations overseas, where regulations have been more clearly defined. If successful, this working group could finally give the crypto industry the clarity it has long been waiting for.

*Bicameral legislature is a lawmaking body that's divided into two separate chambers. The two chambers work together to pass laws. A bicameral legislature in the United States Congress: The House of Representatives and the Senate are the two chambers of the U.S. Congress.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

ROBINHOOD HALTS SUPER BOWL BETS A DAY AFTER LAUNCH ON CFTC REQUEST

Robinhood Markets has suspended Super Bowl betting after receiving a request from the Commodities and Futures Trading Commission to nix its customers’ access to the event contracts.

The halt comes just a day after Robinhood launched the product in partnership with prediction market Kalishi, allowing wagers on the outcome of the Philadelphia Eagles versus Kansas City Chiefs Feb. 9 game in the National Football League’s championship Super Bowl.

In a Feb. 4 announcement, Robinhood said it would suspend the rollout of the Pro Football Championship market as it continues to work with the CFTC to understand its concerns.

The firm said it had rolled out the product to around 1% of its customers, some of who had already placed trades.

“We are disappointed by this outcome, especially given that we had been in regular communication with the CFTC about our intent and plans to offer this product,” Robinhood said.

It comes just a day after reports that the CFTC was probing Crypto.com and Kalshi over their offerings of Super Bowl event contracts and whether they comply with derivatives regulations.

Event contracts differ from traditional betting in that the odds come from a pool of users betting on the likely winner rather than a bookmaker creating the odds.

Crypto.com told Cointelegraph it would continue to offer the wagers despite the probe.

Robinhood made its first foray into event contracts in October, offering trades based on the outcome of the US presidential election.

The announcement followed a court win by prediction platform Kalshi against the CFTC, allowing the platform to offer US-based users contracts for betting on election outcomes.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Wednesday Morning 2-5-2025

TNT:

Tishwash:  Finance announces the launch of national bonds (first issue) for public subscription

The Ministry of Finance, represented by the Public Debt Department, announced the launch of national bonds (first issue) for public subscription, with a total value of (2) trillion Iraqi dinars, for the period from February 10 to March 10, 2025, as part of its plan to enhance local investment and provide savings tools for citizens and investors.

The ministry's statement stated that the bonds are distributed into two categories: ️The first bond is worth 500,000 dinars with an annual interest of 6%, and is due after two years, with interest paid every six months.

The second bond is worth 1,000,000 dinars with an annual interest of 7.5%, and is due after four years, with interest paid every six months. It explained

TNT:

Tishwash:  Finance announces the launch of national bonds (first issue) for public subscription

The Ministry of Finance, represented by the Public Debt Department, announced the launch of national bonds (first issue) for public subscription, with a total value of (2) trillion Iraqi dinars, for the period from February 10 to March 10, 2025, as part of its plan to enhance local investment and provide savings tools for citizens and investors.

The ministry's statement stated that the bonds are distributed into two categories: ️The first bond is worth 500,000 dinars with an annual interest of 6%, and is due after two years, with interest paid every six months.

The second bond is worth 1,000,000 dinars with an annual interest of 7.5%, and is due after four years, with interest paid every six months. It explained

The bonds are characterized by their tradability on the Iraq Stock Exchange, which provides a distinct investment opportunity for citizens and companies looking for stable financial instruments.

She explained that the bond offering comes based on Article 77 first of the Federal General Budget Law No. (13) for the years 2023, 2024, and 2025, with the aim of supporting the national economy and enhancing confidence in the Iraqi financial system.  link

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

Tishwash:  Governor of the Central Bank of Iraq receives the French Ambassador accompanied by a delegation from the French business sector

The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received the French Ambassador to Iraq, Mr. Patrick Dorrell, and a French delegation, which included a number of French banks and companies in various sectors, in the presence of officials from the Central Bank of Iraq and the Director General of TBI Bank. 

His Excellency the Governor reviewed the investment opportunities in all sectors, especially after the security stability witnessed by Iraq.

He explained the priorities, plans and initiatives that the Central Bank is working on to achieve general stability in prices by controlling the inflation rate, and supporting economic growth through its financing initiatives to achieve economic diversification.

He pointed to the role of the Central Bank in expanding financial inclusion, moving to electronic payment, digitizing the economy, integrating into the global economy and its financial system, and the great success in moving foreign transfer operations to the latest international practices and standards.

His Excellency explained the laws that facilitate the movement of investors' funds into and out of Iraq, stressing the endeavor to overcome the difficulties facing investment companies wishing to work in Iraq, within the area of ​​specialization. 

For his part, His Excellency the French Ambassador stressed that French companies have an important and great opportunity to invest in Iraq and deal directly with the private sector, especially with the existence of laws that support investors and commercial projects.

The French delegation also participated in the dialogue and raised the most important questions that contribute to understanding investment opportunities, while His Excellency took the initiative to answer the delegation’s inquiries as well as the officials present at this meeting. 

Central Bank of Iraq 
February 4, 2024
Media Office  link

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

Tishwash: Joint statement by the Sudanese Office and the Central Bank on the modernization of the banking sector

Joint statement from the Office of the Prime Minister and the Central Bank of Iraq,

 Banking reforms constitute an important pillar of the economic reform adopted in the government program. In order to complete the important steps that the government has started in this framework since it began its work, and in order to achieve a package of development targets that require banking development, the government, in cooperation with the Central Bank of Iraq, has embarked on a comprehensive initiative that includes a comprehensive strategic banking reform process that constitutes a turning point in the history of economic development in Iraq, and is consistent with the extent of commitment to raising the level of banking standards, enhancing financial flexibility, and supporting the competitiveness of the financial system.

These comprehensive reforms aim to keep pace with developments in the countries of the region and the world, and contribute to opening partnerships and prospects for communication with the outside world on a broad scale in modern banking and financial transactions, as the Central Bank works to implement and develop regulatory and supervisory frameworks with international partners, which contributes to achieving sustainable growth and development of the banking sector, just as the government works to support the reforms and efforts of the Central Bank of Iraq in developing the state of the banking sector.

These reform efforts focused on the following main areas:

1- Strengthening ownership structures and governance frameworks, by enhancing transparency and accountability, through measures including the creation of diverse ownership structures, and ensuring independent oversight by boards of directors over operations and committees.

2- Raising the level and standards of service, by increasing access to basic financial services for all members of the Iraqi people, through enhancing efficiency, increasing the supply of products, and modernizing the infrastructure of the banking sector.

3- Harmonization and conformity with international standards, by imposing adherence to recognized frameworks and practices in the areas of combating money laundering and combating the financing of terrorism, as well as commitment to financial transparency in order to ensure smooth banking services and support businesses and citizens’ needs.

4- Enhancing financial flexibility, by enhancing the financial safety of Iraqi banks and setting strong requirements regarding capital and cash liquidity, to protect customer deposits and protect the economy in the face of local and international challenges.

This initiative comes within the framework of a broader strategy aimed at modernizing the banking sector, which the Central Bank of Iraq is currently developing in partnership with Oliver Wyman, a leading global management consulting firm. The ongoing reforms being implemented with government banks enhance the integration of this strategy, representing a turning point in the future of the Iraqi financial system.

The implementation details of these reforms will be presented later.

From this standpoint, the government and the Central Bank affirm the adoption of a common reform vision, which is to establish a modern, transparent and comprehensive banking system that supports the aspirations of the dynamic economy of the Iraqi state.  link

Mot: . poor ole ""Earl"" -- the abuse!! – LOL  

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FRANK26….2-4-25…..SUNDAY…..LAWS PASSED

KTFA

Tuesday Night Conference Call

FRANK26….2-4-25…..SUNDAY…..LAWS PASSED

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

KTFA

Tuesday Night Conference Call

FRANK26….2-4-25…..SUNDAY…..LAWS PASSED

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=aFl55WnBpXE

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Iraq Economic News and Points to Ponder Tuesday Evening 2-4-25

The Amman Dollar In Iraq ... A Suspicious Currency Or Losses Of Storage?

Reports and analyzes     Breaking   2025-02-02 Shafaq News/ The owners of banking and merchants are suffering from anxiety and confusion due to the circulation of the $100 USD category called "the old", which is printed in 2003, known in the local market as (Al-Amani).
 
The dollar is considered the master of difficult currencies in Iraq undisputedly, but the matter differs with the "Omani" papers, as merchants refrain from circulating because they do not contain clear signs.

The Amman Dollar In Iraq ... A Suspicious Currency Or Losses Of Storage?

Reports and analyzes     Breaking   2025-02-02 Shafaq News/ The owners of banking and merchants are suffering from anxiety and confusion due to the circulation of the $100 USD category called "the old", which is printed in 2003, known in the local market as (Al-Amani).
 
The dollar is considered the master of difficult currencies in Iraq undisputedly, but the matter differs with the "Omani" papers, as merchants refrain from circulating because they do not contain clear signs.

*********************************
 
The Iraqis call the "Omani" in the 100 dollar category 2003 edition and below , in relation to the Jordanian capital, Amman, where it was widely circulated there during the previous regime.

Price 
"Some of the banking offices refrain from buying the old dollar from people," the owner of the "Aws" exchange, Ahmed Sadiq, told Shafaq News, noting that  "some accept it at a price lower than the price traded in the market by two thousand or three thousand dinars."

He adds that  "some banking offices conclude on some dollar category banknotes with a special seal in his office in order to avoid the problems that occur," noting that
 
"some people returned monetary papers from the dollar to the offices on the pretext of forgery, claiming that they bought them from them."

He believes that "placing the seal on the banknote would protect the bankrupt from some weak souls who are trying to deceive the owners of the offices by falsifying the papers that were purchased from them," noting at the same time that "placing the seal on foreign banknotes may cause a problem with their buyers difficult Pay it abroad."
 
Old Counterfeiting
 
The owner of the "Fez" banking, Jawad Malik, told Shafaq News that  "the lack of dealing in the old dollar is the result of the forgery in which it took place in Turkey and Jordan, and the rumor about his entry into Iraq," noting that
 
"many exchange owners have become not dealing with it, and it has become from The past, or they accept it by a price difference of up to 20 thousand dinars or more who can transfer this currency to the central bank.  

He points out that "most of the banking offices were concluded on the 100 dollar category with a seal on the name of the banking,  even if this category was new to reassure the buyer not to falsify it and also so that no one has returned from him the dollar and claims to be forged."

It shows that "many of the banking offices do not deal with the category of dollars or what is spoken to (to you), and sometimes even in the five-dollar category despite the neighborhood countries dealing with them without any problem," stressing that "this falls into the mood of the great merchants who They deal with dollars. "

***************************
 
Useful Security Signs 

The Iraqi merchant Haider al-Hassani told Shafaq News that  "he does not deal with the old dollar at all to avoid the problem of forgery," noting that  "the old has no clear security signs."

He adds, "It does not deal also even with the new dollar," noting that 
"economic security prohibits trading in the market price."
 
All Currencies Are Acceptable
 
"There is no old and new dollar in the concept of the central bank, as all foreign and national currencies in force are acceptable," said financial expert and former general manager of the central bank, Mahmoud Dagher, told Shafaq News. He continued,
 
"The mood of people, merchants and owners of banking offices cannot force them, whatever happens to accept these types of old dollars," stressing that "this matter is personal jurisprudence."
 
There Are No Instructions
 
The Central Bank of Iraq confirms that there are no instructions on the rejection of the old dollar and not dealing with it. An official source in the bank told Shafaq News that
 
"the bank has not issued any instructions on not dealing with the old dollar." He added that  
"all the sayings and words that are about the bank’s refusal to accept the old dollar is a shame."
 
In conclusion, the issue of trading the "olddollar category in Iraq remains a source of concern for citizens and exchange offices alike, as fears of forgery overlap with market considerations.
 
While the Central Bank of Iraq confirms the acceptance of all the coins, dealing with this category remains mortgages with the mood of the market and the decisions of the merchants.
 
Despite the absence of any official instructions that prevent the trading of the old dollar, safety procedures and reservations from some banking offices indicate the continued state of confusion and doubts about this category, which may reflect an urgent need for an official clarification that enhances the stability of the local market and reassures customers     
  
https://www.shafaq.com/ar/تقارير-وتحليلات/الدولار-العماني-في-العراق-عملة-مشبوهة-م-خسا-ر-طول-الخزن  

Finance Minister Stresses Importance Of Partnership With US In Supporting Financial Stability
  
Economy  Baghdad – WAA    Finance Minister Taif Sami stressed, today, Tuesday, the importance of partnership with the US in supporting financial stability and economic reforms.

********************************
 
A statement by the ministry - received by the Iraqi News Agency (INA) - stated that
 
"Finance Minister Taif Sami received the Chargé d'Affaires of the US Embassy in Baghdad, Daniel Rubinstein, where the two sides discussed ways to enhance financial and economic cooperation between Iraq and the United States."  The statement added that
 
"during the meeting, the minister stressed the importance of partnership with the US side in supporting financial stability and economic reforms," ​​noting,
 
"Iraq's commitment to enhancing an attractive investment environment and developing financial sectors."  The statement continued,
 
"The US Chargé d'Affaires, for his part, stressed his country's keenness to support Iraq in the areas of economic development and enhance cooperation in financial reforms," ​​stressing,
 
"the importance of continuing coordination between financial institutions in the two countries to achieve common interests."      https://www.ina.iq/227329--.html    

Al -Rafidain Bank "Under The American Microscope" Amid Charges Of "Financing Terrorism"
 
Politics / Economy | Baghdad today – Baghdad   The Iraqi politician, Qanbar's uprising, today, Monday (3 February 2025), has sparked widespread controversy after his statement that
 
"the Rafidain Bank has not been subject to a review of its financial accounts nine years ago," which raises questions about transparency and financial oversight on one of the most important banking institutions in Iraq.   https://x.com/eqanbar/status/1886434884232593509?s=48
 
According to a channel, the bank was involved in financing "terrorist groups" through financial tools such as "Ki Card" and unacceptable loans or what it described as "toxic" loans.
 
Qanbar pointed out that there are official bodies that bear the responsibility of this situation, accusing the Ministry of Finance, headed by Taif Sami of involvement or overlooking these practices, which led him to say that the "Ministry of Elon Musk" will take strict measures against the ministry and the bank. Despite the ambiguity of this expression, his statement highlights the confidence crisis in Iraqi financial institutions.
 
 Joe Wilson And The Escalation Of The American Speech Towards Iraq
 
In another context, the tweets of US Republican MP Joe Wilson added to add a more complex political dimension to the financial crisis in Iraq. Wilson stated:
 
"I urge the Ministry of efficiency to investigate Iranian dolls, which publicly stole 2.5 billion dollars from Mesopotamia, while American taxpayers' money goes to the Central Bank of Iraq."

**********************
 
This statement raised speculation about the possibility of an American escalation against Iranian influence in Iraq, and perhaps imposing additional sanctions on the parties involved in illegal financial operations.
 
Observers also link these tweets with increasingly American concerns about the exploitation of the Iraqi financial regime to finance armed groups linked to Iran. 
 
The Central Bank Of Iraq And Its "FailureIn Combating Money Laundering
 
Despite the attempts of the Central Bank of Iraq to reduce money laundering, these efforts have not achieved the required success.
 
The bank launched several measures aimed at controlling the real estate sector as one of the most used sectors in money laundering operations, as a ceiling of 500 million Iraqi dinars imposed on real estate transactions, and later reduced this limit to 100 million.
 
But these measures, according to specialists, did not prevent suspicious money flow through other channels such as exchange companies and fake transfers.
 
There are also accusations of weak control of civil banks that are suspected of using it as a funding interface and the financing of armed groups.
  
Transferring Suspicious Funds From Iraq To Iran
 
International reports revealed that some Iraqi banks used a banking system established by the United States after 2003 to transfer huge sums to Iran.
 
These operations were carried out through fake companies and forged bills, which allowed the transfer of billions of dollars outside the legal financial system.
 
In an attempt to stop these operations, the United States imposed restrictions on a number of Iraqi banks, which led to a decrease in the volume of transfers in dollars from Iraq.
 
However, there remains concern that these funds still find their way to illegal parties across alternative paths.

**********************************
 
 Iraq Cash Reserves At The US Federal Bank
 
It is worth noting that Iraq's foreign exchange reserves are being held at the American Federal Bank, which puts the Iraqi economy under direct control from Washington.
 
This link enables the United States to impose strict financial restrictions on Iraq if it is suspected of having corruption or financial support for illegal parties.
 
Because of this situation, some Iraqi officials fear that the United States will take more strict measures against the Iraqi banking system, especially if the dollar smuggling and transferring it to Iran and armed groups continues.
 
 A Confidence Crisis That Threatens The Iraqi Economy
 
Iraq faces a complex financial crisis, as issues of financial corruption, money laundering, and terrorist financing with American political pressure overlap.
 
While the central bank tries to take measures to restrict suspicious financial flows, the gaps are still in place, making the required reforms more urgent than ever.
 
Under these circumstances, the most important question remains: Will Iraq be able to regain control of its financial system, or will it face American pressure and strict sanctions in the near future?    
  
https://baghdadtoday.news/267237-مصرف-الرافدين-تحت-المجهر-الأمريكي-وسط-اتهامات-بـتمويل-الإرهاب.html  

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

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Seeds of Wisdom RV and Economic Updates Tuesday Evening 2-4-25

Good Evening Dinar Recaps,

BREAKING: DAVID SACKS’ VISION FOR DIGITAL ASSETS, EVERYTHING HE PROMISED IN HIS CRYPTO CONFERENCE

David Sacks, the newly appointed Crypto Czar, recently addressed the nation in a press conference, laying out the U.S. government’s strategy to become a global leader in the digital asset space.

Good Evening Dinar Recaps,

BREAKING: DAVID SACKS’ VISION FOR DIGITAL ASSETS, EVERYTHING HE PROMISED IN HIS CRYPTO CONFERENCE

David Sacks, the newly appointed Crypto Czar, recently addressed the nation in a press conference, laying out the U.S. government’s strategy to become a global leader in the digital asset space.

Clear Regulatory Framework for Digital Assets

The primary goal, as outlined by Sacks, is to develop a clear federal regulatory framework for the operation of digital assets, including stablecoins, within the U.S. This comes after years of uncertainty, with many crypto founders expressing frustration over unclear regulations from the Securities and Exchange Commission (SEC). Sacks said that clarity on the rules is the number one request he’s heard from industry leaders.

The Impact of Unclear Regulations


For years, crypto companies have faced arbitrary prosecutions, with some founders even being personally targeted, simply for engaging in the crypto space. According to Sacks, this lack of clarity led to many companies relocating their operations overseas. The new strategy aims to keep digital innovation on U.S. soil, ensuring that the country doesn’t miss out on the next wave of technology.

Promoting Innovation and Consumer Protection

Sacks said that having a regulatory framework in place will not only foster innovation but also improve consumer protection. By bringing these operations back onshore, it will be easier for regulators to monitor activities and separate good actors from bad ones.

Stablecoins and U.S. Dollar Dominance

Another key point Sacks discussed was the potential of stablecoins to bolster the global dominance of the U.S. dollar. He believes that digital assets could increase the usage of the dollar internationally, making it a key reserve currency and driving demand for U.S. Treasury bonds.

This could ultimately lead to lower long-term interest rates.. “This is a priority for the administration, and we’re committed to ensuring that America leads the way in digital assets,” Sacks concluded.
@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

WAR AGAINST CRYPTO NOT DEAD AS DIGITAL ASSET DEVELOPERS STILL BEING PROSECUTED: LAWYER JOHN DEATON

Digital asset lawyer and advocate John Deaton says the “war against crypto” isn’t dead despite the recent shift in US presidential administrations.

Deaton says on the social media platform X that there are still important cases going on even though Gary Gensler isn’t running the U.S. Securities and Exchange Commission (SEC) anymore.

The lawyer notes there is still an active case against Roman Storm, one of the founders of Tornado Cash, an Ethereum (ETH)-based coin mixing system that helps users conceal their digital asset transactions.

Storm was arrested in 2023 and slapped with charges related to allegedly laundering $1 billion in criminal proceeds, including hundreds of millions of dollars for the Lazarus Group, the sanctioned North Korean cybercriminal outfit. Storm’s trial is scheduled for April.

Deaton also points to the case against Keonne Rodriguez and William Lonergan Hill, the co-founders of the crypto mixer Samourai Wallet. Authorities arrested them last April for allegedly operating an unlicensed money-transmitting business that executed more than $2 billion in unlawful transactions.

The U.S. Department of Justice (DOJ) also alleges Samourai laundered more than $100 million worth of criminal proceeds.

Deaton notes both cases involve Section 1960 of Title 18 of the United States Code, which prohibits the operation of unlicensed money-transmitting businesses.

Section 1960 requires money-transmitting businesses to register with FinCEN (Financial Crimes Enforcement Network).

In 2019, FinCEN published guidance around Section 1960 that caused almost everyone to believe that control over user funds is required in order to be considered engaging in a money-transmitting business.
Since, at least 2019, if not earlier, the crypto industry has believed that someone who develops software and that software operates without the developer touching the money that’s flowing through the software, the developer is NOT a money transmitter. Therefore, that developer would never need to get a license from the federal government and thus, never be required to submit reports to regulators.

But that is NOT the law, according to federal prosecutors at the DOJ. The DOJ’s interpretation in prosecuting Tornado Cash developer Roman Storm and the two developers of the Samourai Wallet is that the developers could be considered money transmitters under Section 1960 even if they never took or assumed control of any of the software’s users’ funds.”

Deaton says the cases are an “existential threat” to the decentralized finance (DeFi) sector.

“If Roman Storm is found guilty and loses a single day of his freedom, imagine the chilling effect it would have on the DeFi industry. DeFi scares both regulators and incumbent legacy players, there will be resistance to dismissing these cases. The fight continues.”

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

TRUMP SAYS U.S. WILL TAKE OVER GAZA STRIP

WASHINGTON, Feb 4 (Reuters) - President Donald Trump said on Tuesday that the United States will take over and own the Gaza Strip, adding that "the same people" should not be in charge of rebuilding and occupying the land.

@ Newshounds News™

Source:  Reuters

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Q & A Classroom Link  

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Seeds of Wisdom Team™ Website

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Tuesday PM 2-4-2025

Ariel : The Green Light, Flip the Switch

2-4-2025

A Digital Asset Conference: The Green Light (Flip The Switch)

I am hearing that there is a big press meeting tomorrow by Chairman John Boozman House Financial Services Committee Chairman French Hill and House Agriculture Committee Chairman G.T. Thompson who will hosting.

Tuesday, February 4 at 2:30PM ET, to discuss how the Trump Administration and Congress will work together to secure America as a leader in the digital asset ecosystem. I think this will be the official kick off point. Because we now know Iraq is ready.

Ariel : The Green Light, Flip the Switch

2-4-2025

A Digital Asset Conference: The Green Light (Flip The Switch)

I am hearing that there is a big press meeting tomorrow by Chairman John Boozman House Financial Services Committee Chairman French Hill and House Agriculture Committee Chairman G.T. Thompson who will hosting.

Tuesday, February 4 at 2:30PM ET, to discuss how the Trump Administration and Congress will work together to secure America as a leader in the digital asset ecosystem. I think this will be the official kick off point. Because we now know Iraq is ready.

• Budget (Passed)
• Kurdistan Oil Agreement (Settled)
• Salaries Payments (Covered For The Year)

Which means the exchange rate has been inked. And once this digital conference takes place we should know where we stand in this investment. Because Paper/Digital are 1-1 parity. Everything will be tokenized.

Meaning USD will have a digital version RLUSD. Which will be equal in value. This is why it’s important to watch the development of the digital assets like XRP. Because Iraq will use this for international transactions.

You do not have to own digital currency in order to exchange your paper Iraqi Dinar. Once XRP becomes a part of the Strategic Reserve the value will go up in my opinion.

Majeed:  Since Japan will use crypto as of today (it’s already Wednesday there) for Cross for the payment Sounds like tomorrow Trump will flip the switch for crypto …. Marking the beginning of the new financial system. IQD will follow suit

Chad Steingrabber:  From Yoshitaka Kitao directly “XRP begins in Japan today”

I told you all that everything will be tokenized. I also showed you all last year that the Iraqi Dinar was paired to XRP. Now you know why we had to wait this long.

Everything will be on Blockchain. Which is what DOGE will use to record all payments in the US Treasury. So I do not know why Dems are crying about USAID being shutdown. It’s not like they would be able to use it anymore without the American people knowing what they are doing.

Tune in for some potential announcements tomorrow. We should be hearing major news on Digital Asset ecosystem. Donald Trump has a lot planned for the World Fair I presume and it will need some funding. So much innovation coming our way.

Source(s):
https://x.com/Prolotario1/status/1886460787553603882
https://x.com/Prolotario1/status/1886609683353354606

https://dinarchronicles.com/2025/02/04/ariel-prolotario1-the-green-light-flip-the-switch/

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

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

Frank26   It was Dr. Shabibi that said to our BlueStar, that's his user name, his name is John, when he met Dr. Shabibi at the United Nations...John asked Dr. Shabibi what do you need in order to bring back the value of your currency.  After a long pause...he says, well John, my country needs security and stability to be able to bring back the value of our currency.  The United Nations just declared it.  The whole world knows it.  Everybody you can think of, from IMF, World Bank, BIS, everybody is proclaiming the security and stability that is in Iraq.  If you think that's by coincidence, you're wrong.

Militia Man  Article quote: "Al-Sudani and Barzani welcome the passage of the budget law amendment while considering the vote on the law a very responsible step"   Will they expose the results of this outcome... I believe they will.  They have yet to expose the...'23,'24,'25 budget tables...Even though we haven't seen it yet, is probably just not public information.

LIVE! FED INTERVENES! 10 YEAR YIELD DROPS AND STOCKS RISE. ECONOMY CRATERS FASTER AGAIN.

Greg Mannarino:  2-4-2025

https://www.youtube.com/watch?v=P6QtNnUHhus

Is No Income Tax Actually Going to Happen?

Heresy Financial:  2-4-2025

TIMECODES

00:00 Trump’s Income Tax Plan

 01:17 Funding vs. Spending

01:38 Life Before 1913

02:25 Half Your Pay Gone

 03:08 Where Does the Money Come From?

04:03 Slashing Taxes & Spending

05:17 Could Wealth Boom or Bust?

07:29 Borrowing & Inflation

 10:00 Taxes vs. Inflation

 11:28 Protecting Wealth & Final Thoughts

https://www.youtube.com/watch?v=BSK4NZ3PATk

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