News, Rumors and Opinions Tuesday 3-4-2025
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 Tues. 4 March 2025
Compiled Tues. 4 March 2025 12:01 am EST by Judy Byington
Judy Disclaimer: Please be aware that I can only report the news as I find it, try to credit articles with their original author and am not responsible for the content, which may or may not be true. I encourage you to do your own research and make up your own mind as to what is happening in this great War of Good Against Evil.
“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” …Mark Twain
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 Tues. 4 March 2025
Compiled Tues. 4 March 2025 12:01 am EST by Judy Byington
Judy Disclaimer: Please be aware that I can only report the news as I find it, try to credit articles with their original author and am not responsible for the content, which may or may not be true. I encourage you to do your own research and make up your own mind as to what is happening in this great War of Good Against Evil.
“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” …Mark Twain
Global Currency Reset:
Mon. 3 March 2025 Wolverine:
We are on the cusp of getting this released. Tomorrow is a big day when Pres Trump has his SOTU or something similar, what we are expecting is big news for him to announce Nesara Gesara, New Republic, and no more fiat, and perhaps the Global Currency reset.
We hear bondholders are getting paid, and this morning another bondholder, I heard, has been paid. I cannot confirm. However, all these people are under NDA and we pray all these sources are true.
Michael Ruben has sources who say it is this week, so I hope those sources are correct.
Other sources say Pres Trump signed off on the RV a few days ago, these sources do not know one another, but all had the same info.
Trigger groups start tomorrow and it has been heard that tomorrow is notification day, and we are waiting for spendable money, and told it is all coming tomorrow.
For the first time ever, I have been on calls with paymasters and banks, and heard it is all happening this week, and some private sector bondholders are getting paid this week, 100% confirmed.
Pentecostal is ready to go, and many leaders in Bogota are waiting to get paid, and when they get paid, that money will be distributed to members. One leader has his group In Panama.
There are about 2 to 3 million people in the RV international, but mostly Latin speaking people. I am in that group as well. That is definitely happening.
I am also under NDA on two platforms, so I cannot speak of these platforms, as they are “that close” to starting.
The NDA: I repeat to you, when you DO receive the blessing, make sure you stay quiet, and do not go anywhere publicly, if you talk in public someone will hear it and you may lose your funds, go straight home and be sure all phones around you are off, be sure you only speak to family you can trust and friends you can trust.
I spoke to people in Brazil in charge of Medbeds and they are ready to go. Tier 1, 2 and 3, and some have been paid, and Skye said the medbeds were released for those.
MIKE BARA: Wolverine, I am hearing the exact things you are. I have a few contacts and they are all focusing on tomorrow and Tuesday in the USA. There is pressure to do this overnight.
The President of Iraq has gone to a special session in Cairo tomorrow, ahead of Pres Trump’s speech tomorrow. Everyone is on the same page.
Also have heard from people who know bond contacts that they were paid out last week, and that they have currency exchange appts starting tomorrow. That is the first time I ever heard about currency exchanges. Don’t be disappointed if not first thing tomorrow, but all is pushing toward that.
All Wolverine’s sources are different than mine, and it appears all is coming together.
Just two hours ago, heard those appts are scheduled at major banks for people who have already cashed in certain bonds, and they are scheduled for currency exchanges.
WOLVERINE: I have heard that the redemption centers will be open for a month to give people more time to exchange in the event they are in the hospital, out of town.
MIKE BARA: MarkZ has said, this, that the redemption centers will open for about four weeks.
=======================================
On Mon. 3 March 2025 US Inc. Corp.(allegedly) dissolved, ending the fiat monetary system and closing US Inc. government. The privately owned Federal Reserve and IRS will (allegedly) shut down. Its fiscal year ends, and it’s been bankrupt since 2008. No Congressional budget approvals, just running on fumes with a fiat dollar.
The Cabal’s Blackrock – the Deepstate’s financial arm, controlling more wealth than entire nations has already (allegedly) declared bankruptcy.
All banks worldwide not Basel III Compliant (have gold backing to their monies) will be(allegedly) closed. The Basel III regulations could alter the real estate market in unprecedented ways.
NESARA GESARA begins as countries worldwide (allegedly) activate the gold/asset-backed Quantum Financial System and Global Currency Reset. The BRICS nations will head the greatest wealth transfer in history. 134 nations are (allegedly) ditching the fiat US dollar and moving to gold-backed currencies. Each of these currencies will (allegedly) trade at a 1:1 ratio.
The new United States of America Republic will start its new fiscal year under a gold-backed US Note as part of the Global Currency Reset.
Sat. 1 March 2025: BOOM! CONFIRMED: TRUMP AND MUSK TO AUDIT FORT KNOX GOLD – FEDERAL RESERVE NEXT? VIDEO – amg-news.com – American Media Group
Read full post here: https://dinarchronicles.com/2025/03/04/restored-republic-via-a-gcr-update-as-of-march-4-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "Based on the directives of the Central Bank of Iraq we warn all citizens not to use digital payment tools actively deal with the Forex..." Why would you be warning people about trading in digital currencies on the Forex if you weren't going? You wouldn't. There's no reason to even bring it up...
Frank26 IMO at this point in the monetary reform they are so close to giving the citizens the new exchange rate which means we are so close to giving the new exchange rate to the enemy, to parliament and that's why Sudani wants all of the systems up and running and that's why the Secretary of State came and made sure that's being done so we can detect every stealing that would occur...All of these moves from Sudani are because he's being guided by the United States Treasury and Donald Trump to make sure this time we hit the mark.
************
Those Who Hold GOLD Win as US Revaluation Looms Large
VRIC Media: 3-4-2025
Mario Innecco and Taylor Kenney both admit that the end of the dollar is not an overnight event, but rather a gradual process through which gold reasserts itself as the premiere tier one monetary asset.
The duo discuss the implications of the US revaluing its gold reserves, what would happen to silver in such a scenario, auditing Fort Knox, and much more.
00:00 Introduction
00:43 Implications of Gold Revaluation
05:08 Will a Gold Revaluation Happen?
08:02 What Happens to Silver?
11:39 Gold Leading Commodities Bull Market
17:04 Asset Allocation
22:06 Auditing Fort Knox
26:26 Retail Buying of Gold & Silver
31:09 Collapse of the Dollar
“Coffee With MarkZ” Tuesday Morning Chat 3-4-2025
Thank you MarkZ for all your time, and encouragement daily….. PDK
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: Good Morning and Happy Fat Tuesday and Mardi Gras
Member: March 4 1861, 164 years since Lincoln was inaugurated...
Member: Today is supposed to be a big day…..watching and waiting for big news.
Thank you MarkZ for all your time, and encouragement daily….. PDK
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: Good Morning and Happy Fat Tuesday and Mardi Gras
Member: March 4 1861, 164 years since Lincoln was inaugurated...
Member: Today is supposed to be a big day…..watching and waiting for big news.
Member: Sending love & Tuesday blessings! Let's pray that today is everything that they are anticipating!!
MZ: We only have a little bit out of Iraq today. There are a number of people that are supposed to be traveling to Zurich….right now…..as we speak. Including representatives from the US Treasury. We are waiting to see who hits the ground there. Its 4 or 5 o’clock over there right now so surprised I have not heard anything yet.
MZ: I have a number of contacts traveling along with attorneys and paymasters (as we speak) to Europe. So far I have identified 6 or 7 historic bond groups that are traveling for final contracts. All of this is happening today.
MZ: Watching for updates. But I don’t have anything from groups today. They are in place right now…but no update.
Member: what is the difference between groups and bond holders when you speak about them. Sorry if I sound dumb
Member: There are bond holders in groups like Historic German Bonds, Chinese railroad bonds, and many others . Then there are currency groups…..folks who have already turned in their currency to the groups and have received SKR’s (safe keeping receipts) in exchange…..those are supposedly in tier 4a. Many are big church groups. Like the Mormon church ect…..
MZ: “Central Bank: We adopt a secure and reliable transfer system internationally and no new sanctions” This system is safe and transparent and has won international praise.
MZ: I do have some reports saying oil is flowing in the pipeline now. Waiting for articles to confirm.
MZ: So we have oil flowing, Banks are safe now and bond people traveling for final contracts so far today.
Member: What does “final contracts” mean?
MZ: It means when they get paid in fiat dollars for the first portion …at least the first 10% is fiat. Then when they flip the trigger it will turn to gold backed.
Member: What’s your take on No auctions in Iraq since last Wednesday?
MZ: My take is we are crossing the finish line. Just like Al-Alaq said…no sanctions and transparency is what they needed in their white papers monetary reforms to increase the purchasing power of the Iraqi dinar for all Iraqi’s. And return the rate to its former glory.
Member: The Nasdaq, S&P & DOW taking another beating today in early trading
Member: DOW now down more than 500 points
Member: Asian market got hammered last night
Member: So, what are we expecting with Trumps big speech tonight ????
Member: Don’t expect anything major but a wrap up of his first 100 days
Member: Trumps speech tonight "The Renewal Of The America Dream" Not "The State Of The Union" let's do this!!
Member: I think he will announce new financial system as the restored American dream
Member: I expect a recap of all his administrations accomplishment’s . I would love to see an announcement of Asset backed currency…..but doubt it
Member: Nesara would be a good Pres. Trump announcement.
Member: Just a thought ..are we seeing a slow gradual NESARA already?
Member: State of the Union Address 9PM Eastern
Member: This has been the longest roller coaster ride of our lives, hopefully we're pulling in and about to debark from this ride! It's time to find another ride to occupy our time.
Member: Really will be glad to see an end to this “movie”
MZ: I think they are about to run the credits.
Member: Thanks Mark and Mods…See everyone tonight at 7 pm est for news…..Then the SOTU speech watch party tonight .
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 TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS! FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
Seeds of Wisdom RV and Economic Updates Tuesday Morning 3-04-25
Good Morning Dinar Recaps,
SEC: MEME COINS ARE NOT SECURITIES. MUSK: THEY’RE LIKE A CASINO
Last week, four different views of meme coins were put forward. On Thursday the US Securities and Exchange Commission (SEC) provided staff guidance that meme coins would not be considered securities. SEC Commissioner Caroline Crenshaw dissented.
The following day, Joe Rogan posted an interview with Elon Musk. Rogan thinks meme coin pump and dumps should be regulated, but Musk think’s meme coins are okay provided people treat them as a bit of fun and don’t risk too much.
Good Morning Dinar Recaps,
SEC: MEME COINS ARE NOT SECURITIES. MUSK: THEY’RE LIKE A CASINO
Last week, four different views of meme coins were put forward. On Thursday the US Securities and Exchange Commission (SEC) provided staff guidance that meme coins would not be considered securities. SEC Commissioner Caroline Crenshaw dissented.
The following day, Joe Rogan posted an interview with Elon Musk. Rogan thinks meme coin pump and dumps should be regulated, but Musk think’s meme coins are okay provided people treat them as a bit of fun and don’t risk too much.
Unsurprisingly, the Rogan – Musk excerpt is more entertaining.
“The whole meme coin thing is bananas,” observed Rogan. “It is so bananas that people dump real money into these coins and then you could just pump them up and sell them.”
“It’s like a casino or something,” Elon Musk responded, comparing it to “the greater fools theory and musical chairs. Whoever’s the last to sit down loses.”
To which Rogan replied, “And somehow or other it’s still legal”.
“If you expect to win at a casino, you’re being a fool,” answered Musk. “At the risk of saying something bold and outrageous, don’t bet the farm on a meme coin.”
Rogan spoke about pump and dumps, where people often hope they are the one who will dump, but they end up on the losing end. He repeated, “It’s just weird that it’s legal still”.
Musk responded that people lose money at casinos. Rogan’s view is that pump and dumps make meme coins different and observed that you could run “a real pyramid scheme”.
With that context, let’s turn to the SEC’s new guidance on meme coins. By saying most meme coins are not securities, the SEC also conveniently sidesteps a potentially awkward position regarding the $TRUMP meme coin.
The SEC’s position on meme coins
Following the change in administration, the SEC has swiftly dropped many of its outstanding cases and investigations into major crypto firms, where the allegations revolved around classifying most cryptocurrencies as securities (rather than outright fraud). But meme coins are amongst the first pieces of guidance provided.
Here’s the core paragraph on meme coins:
“Meme coins typically are purchased for entertainment, social interaction, and cultural purposes, and their value is driven primarily by market demand and speculation. In this regard, meme coins are akin to collectibles.”
“Meme coins also typically have limited or no use or functionality. Given the speculative nature of meme coins, they tend to experience significant market price volatility, and often are accompanied by statements regarding their risks and lack of utility, other than for entertainment or other non-functional purposes”
The key legal aspect is whether a meme coin is sold as part of an “investment contract”, the so-called Howey test.
The SEC continued,
“The offer and sale of meme coins does not involve an investment in an enterprise nor is it undertaken with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.”
It says that the price movement is the function of speculation and “collective sentiment” rather than any efforts of a third party. Again it compares them to collectibles.
That’s not to say there’s a free pass for fraudulent behavior, because the SEC highlights that it’s possible for others, most likely the Department of Justice, to pursue bad actors.
But for now, it certainly seems like it’s a situation of buyer beware.
Commissioner Crenshaw dissents
Democrat Commissioner Crenshaw disagrees. Her concern is that the new meme coin definition put forward by the SEC doesn’t have a foundation in law.
She wrote,
“The lack of a useful definition alone makes the value of this guidance questionable, except perhaps as a roadmap for crypto enterprises looking to evade oversight by labeling themselves as a meme coin.”
Commissioner Crenshaw believes that other crypto issuers will downplay the role of managerial efforts in order to fit into the meme coin classification and escape oversight.
She asserts that most meme coins rely on managerial efforts, whether it’s structuring offerings to limit supply or via buybacks or burning. The Commissioner highlighted the prevalence of manipulation through pump-and-dumps and rug pulls. And she noted that getting a listing on an exchange involves managerial effort.
Apart from meme coins, the Commissioner also has reservations about Crypto 2.0. While she recognizes the intent to provide more guidance on what is or is not a security, she’s concerned that the withdrawal from many cases before providing that guidance raises many questions. These include,
“How can we pursue fraudulent conduct in this space while casting doubt on our regulatory jurisdiction? Are we eroding our ability to police fraudulent Ponzi schemes? Are we poised to give special treatment to crypto assets over traditional assets, or even other emerging assets?”
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
JUST IN: Trump Nominated For Nobel Peace Prize
President Donald Trump has been nominated for the Nobel Peace Prize, with Rep. Darrell Issa (R-CA) making the announcement on X Monday morning. “Today I will nominate @realDonaldTrump for the Nobel Peace Prize. No one deserves it more,” Issa wrote in a post that quickly gained traction online.
The decision to nominate Trump follows a tense meeting last week in which he reportedly asked Zelenskyy to leave the Oval Office after a fiery exchange over U.S. military aid.
Trump later stated that Zelenskyy had “disrespected” the United States and suggested that Ukraine was using America’s involvement as leverage rather than genuinely seeking peace.
Trump’s nomination for the Nobel Peace Prize will likely serve as a symbolic nod to his non-interventionist stance, particularly as his campaign for a second term continues to emphasize an “America First” approach.
A spokesperson for Issa also highlighted Trump’s endeavors to foster peace in the Middle East. “Congressman Issa recently led a Congressional delegation to four Middle East nations—he observed first-hand and from several heads of state that the spirit of peace and moving away from conflict is real and multilateral,” said Jonathan Wilcox, Issa’s deputy chief of staff and communications director, in remarks to The Hill.
Wilcox added, “From the time of his election and after being sworn in, President Trump has inspired and promoted the cause of peace—and in a way we have not heard in many years.
His advocacy is an aspiration of a world without war, and we are seeing this come into focus in several regions of the world today – not just one.”
Rep. Issa isn’t the only one who feels this way. Secretary of State Marco Rubio robustly supported President Trump’s strategy for brokering a peace agreement between Ukraine and Russia during a Sunday interview.
Rubio, speaking on ABC News’s “This Week,” suggested that if Trump were a Democrat, his efforts would likely receive widespread acclaim.
Amid a heated discussion with host George Stephanopoulos, Rubio said, “Shouldn’t we all be happy that we have a president who’s trying to stop wars and prevent them instead of start them?”
“I just don’t get it. I really don’t, other than the fact that it’s Donald J. Trump,” Rubio said. “If this was a Democrat that was doing this, everyone would be saying, ‘Well, he’s on his way to the Nobel Peace Prize.’ This is absurd.”
“We are trying to end a war,” Rubio explained. “You cannot end a war unless both sides come to the table, starting with the Russians. And that, that is the point the president has made. And we have to do whatever we can to try to bring them to the table to see if it’s even possible.”
Trump has been nominated for the Nobel Peace Prize multiple times. In 2018, Norwegian Parliament member Christian Tybring-Gjedde nominated Trump for his role in facilitating peace talks between North and South Korea.
Two years later, in 2020, Tybring-Gjedde again put Trump’s name forward, this time citing his efforts in brokering the Abraham Accords, which normalized diplomatic relations between Israel and the United Arab Emirates.
In 2021, Laura Huhtasaari, a member of Finland’s Parliament, also nominated Trump, recognizing his efforts to end prolonged conflicts and promote dialogue. Most recently, in 2024, U.S. Congresswoman Claudia Tenney nominated Trump for his role in expanding the Abraham Accords, which facilitated diplomatic agreements between Israel, Bahrain, Morocco, Sudan, and the United Arab Emirates.
The most recent U.S. president to win the Nobel Peace Prize was Barack Obama in 2009.
@ Newshounds News™
Source: Trending Politics News
~~~~~~~~~
COINBASE DEMANDS SEC REVEAL US TAXPAYER COST OF GARY GENSLER’S AGGRESSIVE CRYPTO ENFORCEMENT
Coinbase questions SEC's spending on crypto oversight as it seeks transparency through FOIA.
Coinbase is requesting a record of how much the Securities and Exchange Commission spent on enforcement actions under former Chair Gary Gensler.
Chief Legal Officer Paul Grewal shared that the company submitted a Freedom of Information Act request seeking data on employee hours, contractor expenses, and other line items tied to what he described as the SEC’s “war on crypto.”
His statements pointed to investigations of Coinbase, Gemini, and other companies, along with the broader impact on Americans’ jobs and technological competitiveness.
Grewal stated,
“We know the previous @SECgov’s regulation-by-enforcement approach cost Americans innovation, global leadership, and jobs, but how much did it cost in taxpayer dollars?”
The FOIA filing asks for documents detailing the number of enforcement actions launched against digital asset entities, the associated costs of those efforts, and the staffing resources allocated to them.
Coinbase also wants information on the unit previously called the “Crypto Assets and Cyber Unit,” requesting clarity on that group’s budget, staff headcount, and total compensation.
According to Grewal, the intention is to reveal how taxpayer funds were used to support what he characterizes as aggressive oversight without formal rulemaking.
The SEC’s strategy under Gensler frequently relied on enforcement actions instead of newly drafted regulations, prompting pushback from several crypto firms. Coinbase’s request comes after the agency dropped its lawsuit against the exchange in late February, citing a broader pivot in its regulatory approach.
Grewal further noted that the company would continue pursuing greater transparency, suggesting that any forthcoming documents could expose the extent to which enforcement-based tactics shaped policy decisions.
Grewal emphasized Coinbase’s commitment to this issue, stating:
“We’ll never stop fighting for government transparency on behalf of our customers and this industry. It may take time to get the full picture, but I think we’ve shown that we will do what it takes for as long as it takes.”
Gemini’s Winklevoss twins have also criticized the SEC’s approach, pointing to legal fees when that agency dropped its investigation into their platform. Coinbase’s filing signals a broader demand for accountability following similar calls from other industry participants.
The 17-point FOIA request may provide unprecedented visibility into the SEC’s internal allocation of resources toward crypto enforcement during a contentious period for the industry.
The SEC’s recent shift includes dismissing some cases against crypto firms and declaring memecoins are not securities while forming a new task force to establish more explicit guidance. Coinbase’s FOIA submission indicates that clarity alone may not resolve existing grievances if the costs incurred remain obscured.
Grewal emphasized that the exchange is prepared to wait through the entire FOIA process to secure the data it believes could help the public understand how government resources were allocated when the SEC targeted digital asset businesses.
@ Newshounds News™
Source: CryptoSlate
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
7 Things Wealthy People Do With Their Money
7 Things Wealthy People Do With Their Money (That You Should Also Be Doing)
Jennifer Taylor Sun, March 2, 2025 GOBankingRates
Wealthy people have a track record of making some pretty serious money moves. When you have that much wealth, a whole world of opportunities opens up for you. For the rest of us, these strategies can feel completely out of reach.
It’s true to an extent, but even the wealthy elite are following some core principles any of us can adopt. If you’re interested in growing your net worth, consider taking a page from their book. These are some tried and true things the super-rich do with their money that any of us can do.
7 Things Wealthy People Do With Their Money (That You Should Also Be Doing)
Jennifer Taylor Sun, March 2, 2025 GOBankingRates
Wealthy people have a track record of making some pretty serious money moves. When you have that much wealth, a whole world of opportunities opens up for you. For the rest of us, these strategies can feel completely out of reach.
It’s true to an extent, but even the wealthy elite are following some core principles any of us can adopt. If you’re interested in growing your net worth, consider taking a page from their book. These are some tried and true things the super-rich do with their money that any of us can do.
They Live Within Their Means
Many people live a lifestyle that creates the illusion of wealth, without actually having the cash to back it up. But people who are truly wealthy know not to spend money they don’t have.
In fact, it’s common for people with serious wealth to live below their means. They often live in modest homes, drive practical cars and adhere to a strict budget. Their net worth might surprise many people, but this is exactly how they were able to build it.
Of course, this isn’t true across the board. Plenty of wealthy people do live lavishly, but we can all take some inspiration from those rich people known for living like average Joes.
They Secure Future Income
Wealthy people are almost always looking toward the future. Instant gratification usually comes at the expense of long-term stability, and they know this all too well.
That’s why the rich often focus on securing future income, and one good way to do this is with an annuity. Annuities are contracts between you and an insurance company that allow you to earn interest on a lump-sum investment.
Generally speaking, payouts can be offered for life or span a specific time period. This investment option is growing in popularity, and many issuers are currently offering high rates.
They Put Their Money To Work
TO READ MORE: https://www.yahoo.com/finance/news/7-things-wealthy-elite-money-162850984.html
“Tidbits From TNT” Tuesday Morning 3-4-2025
TNT:
Tishwash: MP: Washington directly supervises the financial system in Iraq
Representative Mukhtar al-Moussawi confirmed today, Monday, that the United States directly supervises the financial system in Iraq, and is aware of the entire movement of money.
Al-Moussawi explained to Al-Maalouma that "the United States directly supervises the financial system in Iraq, and is fully aware of the movement of funds and exiting the country, which gives it broad economic influence that affects the financial decisions of the Iraqi government.
Regarding the security official, Al-Moussawi said that "Iraq has recovered in terms of security and has become able to protect its lands from terrorist attacks, thanks to the development of the capabilities of the armed forces and the Popular Mobilization Forces," ruling out "the possibility that Washington will use the ISIS terrorist organization card again, given the expected failure of such attempts in the face of the high security readiness enjoyed by the Iraqi military apparatuses.
TNT:
Tishwash: MP: Washington directly supervises the financial system in Iraq
Representative Mukhtar al-Moussawi confirmed today, Monday, that the United States directly supervises the financial system in Iraq, and is aware of the entire movement of money.
Al-Moussawi explained to Al-Maalouma that "the United States directly supervises the financial system in Iraq, and is fully aware of the movement of funds and exiting the country, which gives it broad economic influence that affects the financial decisions of the Iraqi government.
Regarding the security official, Al-Moussawi said that "Iraq has recovered in terms of security and has become able to protect its lands from terrorist attacks, thanks to the development of the capabilities of the armed forces and the Popular Mobilization Forces," ruling out "the possibility that Washington will use the ISIS terrorist organization card again, given the expected failure of such attempts in the face of the high security readiness enjoyed by the Iraqi military apparatuses.
" Al-Moussawi criticized "some parties that promote the possibility of the return of the threat of the terrorist organization, and an attempt to repeat the 2014 scenario," stressing that "the security forces and the Popular Mobilization Forces are ready to thwart any terrorist activity that may target the country."
According to observers, the United States is playing its suspicious role in Iraq, whether through economic intervention or waving the security card, which calls for a firm national position to end its guardianship and restore full autonomy link
Tishwash: Investment opportunities are expanding.. FAO is preparing to transform into the largest industrial city in the Middle East
The Ministry of Industry and Minerals revealed plans on Monday to establish giant industrial projects in the city of Al-Faw, which will make it one of the largest industrial cities in the Middle East, as part of the Strategic Development Road project.
The Deputy Chairman of the Industrial Cities Authority at the Ministry, Riyadh Jassim Kazim, said in a statement to the official newspaper that "the technical designs for the project will be completed soon, as work is proceeding according to well-studied plans, with the completion of the initial designs and the addition of some modifications to ensure the project is implemented in the best possible way."
He explained that "the development road will transform Iraq into a pivotal commercial center linking the East and the West through advanced industrial cities extending from Al-Faw to the Turkish border," noting that Al-Faw city will include giant industrial projects including petrochemical plants, power stations, water desalination and liquefied gas facilities, in addition to residential and tourism projects, which will contribute to stimulating trade exchange and creating more than one million job opportunities.
Kazem also stressed that the project will contribute to reducing the time it takes to transport goods from China to Europe to less than 22 days, which will enhance Iraq's position as a global logistics center.
He pointed out that the preparation of the project's designs faced some obstacles, such as conflicts on the road's path with agricultural and economic projects, but coordination was made with local governments and those conflicts were removed, which allowed the preparation of the final technical designs for the project.
He concluded by saying that "the development road will be a fundamental pillar in diversifying the Iraqi economy and reducing dependence on oil, so that Iraq becomes a pivotal part of the international trade map, benefiting from its modern infrastructure and its ability to connect continents." link
************
Tishwash: Sanctions and mistrust.. How will the Iraqi digital currency be born?
Why don't we develop our systems?
Financial and banking expert Mustafa Hantoush confirmed that talking about launching an Iraqi electronic currency at the present time is premature, in light of a banking system that suffers from structural problems and weak infrastructure.
He explained to “Jarida Platform” that “the culture of electronic payment in Iraq is still immature, and unless the government intervenes and imposes the adoption of electronic payment in government departments, we will not witness any real development in this field.”
Hantoush added that “Iraq does not have an integrated internal transfer system and relies on international systems such as Visa and MasterCard, which makes it a priority to develop the national switchboard, enhance the electronic payment infrastructure, and spread the culture of digital payment among citizens.” He pointed out that “electronic payment, in essence, depends on the presence of funds deposited in banks and their electronic transfer instead of direct cash exchange, which requires a strong infrastructure and broad confidence in the banking system.”
Hantoush stressed that “even major countries such as the United States, Europe and China have not yet been able to develop integrated electronic currencies due to fears of electronic breaches and weak cybersecurity systems,” wondering about the extent to which Iraq, with its current banking system, can achieve this.
He added, "Talk about an Iraqi electronic currency does not match the reality of Iraqi banks, which suffer from sanctions, the absence of their real role in the market, and the presence of a large percentage of money circulating outside the banking system, in addition to the lack of trust in banking institutions."
He concluded by saying, “The Central Bank still relies on old evaluation mechanisms, and the Islamic banking system has not witnessed real development in Iraq, which makes the priority now to build an integrated banking system, enhance confidence in it, and develop its electronic infrastructure before thinking about launching an electronic currency.” link
Mot: . Maybeeeee -- This Week!!! – siigghhhhhhh
Mot: Earl has a “Big Mouth”
MilitiaMan & Crew-Iraq Dinar News-Major Transactions-USD Control-Crypto WDC on 7th-Gold-Oil-IMF-Digital Currency
MilitiaMan & Crew-Iraq Dinar News-Major Transactions-USD Control-Crypto WDC on 7th-Gold-Oil-IMF-Digital Currency
3-3-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew-Iraq Dinar News-Major Transactions-USD Control-Crypto WDC on 7th-Gold-Oil-IMF-Digital Currency
3-3-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Seeds of Wisdom RV and Economic Updates Monday Evening 3-03-25
Good Evening Dinar Recaps,
BRICS: BRAZIL REITERATES NEED TO END US DOLLAR, WILL 150% TARIFFS FOLLOW?
The ongoing tension between the global south and west has been a key matter of geopolitical uncertainty. That may only take a step forward as the BRICS 2025 president, Brazil, has reiterated its need to end the US dollar as 150% tariffs loom large over the nation.
Speaking on the alliance’s operations, Brazil president Luiz Inacio Lula Da Silva noted that the group will not cease its de-dollarization approach. However, that may come with steep consequences. Indeed, US President Donald Trump has warned that there will be import taxes levied on nations that he views are seeking to “destroy” the greenback.
Good Evening Dinar Recaps,
BRICS: BRAZIL REITERATES NEED TO END US DOLLAR, WILL 150% TARIFFS FOLLOW?
The ongoing tension between the global south and west has been a key matter of geopolitical uncertainty. That may only take a step forward as the BRICS 2025 president, Brazil, has reiterated its need to end the US dollar as 150% tariffs loom large over the nation.
Speaking on the alliance’s operations, Brazil president Luiz Inacio Lula Da Silva noted that the group will not cease its de-dollarization approach. However, that may come with steep consequences. Indeed, US President Donald Trump has warned that there will be import taxes levied on nations that he views are seeking to “destroy” the greenback.
Brazil Re-Commited to Ditching the US Dollar: Will It Face Trump’s 150% Tariffs?
The BRICS economic alliance operates on a rotating chairmanship model. This means that the alliance will be under the guidance of a shifting presidency, with one nation taking the mantle at the start of the year. In 2025, it is Brazil that is taking that position, and it is already standing firm on what it expects of the bloc.
Amid the growing tension between BRICS and the United States, Brazil has reiterated its need to end the US dollar dominance despite 150% tariffs being threatened on such countries.
Earlier this year, the bloc rejected a BRICS currency plan. However, that hasn’t forced it to change its tone on the group’s relationship with the greenback.
“US President Donald Trump’s threats of tariffs won’t stop the group’s determination to seek alternative platforms for payments between member countries,” Brazil’s President said. Now, whether or not they face those promised Trump tariffs will depend on how the US President views the action.
Last week, Trump said, “‘Any BRICS state that even mentions the destruction of the dollar will be charged a 150% tariff.” The bloc has yet to claim to be seeking the greenback’s destruction. Therefore, will the pursuit of alternative payment methods trigger the tariff?
Moreover, is Brazil’s position opposing a BRICS currency freeing it from those threats? It certainly became the main focus of the geopolitical sector over the next several months
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
SEC DROPS LAWSUIT AGAINST KRAKEN, ENDING ‘POLITICALLY MOTIVATED CAMPAIGN’SEC DROPS LAWSUIT AGAINST KRAKEN, ENDING ‘POLITICALLY MOTIVATED CAMPAIGN’
The dropped lawsuit follows dismissals of other SEC lawsuits and investigations against other cryptocurrency companies like Coinbase and Gemini.
The US Securities and Exchange Commission has agreed to drop its lawsuit against Kraken, the cryptocurrency exchange revealed on March 3. The move ends what the exchange calls a “wasteful, politically motivated campaign” and “clears the path toward a stable, forward-thinking regulatory regime.”
According to Kraken, the lawsuit is being dismissed with prejudice, with no admission of wrongdoing, no penalties paid, and no changes to Kraken’s business. The SEC sued Kraken in November 2023, alleging that the exchange acted as a broker, dealer, exchange and clearing agency without registering with the SEC.
The SEC, under Gary Gensler’s leadership, was prone to a policy of regulation by enforcement, suing or investigating crypto companies, such as Coinbase, Uniswap and non-fungible marketplace OpenSea, for a variety of reasons. This approach was widely criticized in the industry for stifling innovation, targeting legitimate crypto companies instead of going after bad actors and more.
The SEC’s latest actions may reflect the changing environment of the US government regarding crypto. Kraken writes about its case, “This case was never about protecting investors — it and other enforcement actions clouded instead of clarified. It undermined a nascent industry that repeatedly urged clear rules of the road.”
A shifting regulatory climate
Since the change in SEC leadership, the agency has dismissed or is rumored to drop various lawsuits and investigations that began during Gensler’s tenure. On Feb. 27, it dismissed its lawsuit against Coinbase. Previously, it had dropped lawsuits or investigations against Consensys, Uniswap, OpenSea, Gemini and Robinhood.
The moves come as the US is shaping up for increased regulatory clarity surrounding digital assets. On Feb. 7, US lawmakers introduced a stablecoin bill to boost dollar dominance. It is possible that lawmakers may introduce a general crypto regulation bill that is a stronger version of FIT21.
In addition, there are further tailwinds: US President Donald Trump, who has said he wants to make the US the “world capital of crypto,” has announced plans for a crypto strategic reserve consisting of BTC, ETH, XRP, SOL and ADA. The president will be hosting the first White House Crypto Summit on March 7.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
HESTER PEIRCE ANNOUNCES SEC’S NEW CRYPTO TASK FORCE AMID POLICY SHIFT
The U.S. Securities and Exchange Commission has officially released the list of members for its Crypto Task Force, which brings together advisors from key divisions.
This follows a memo published by Commissioner Hester Peirce on March 3 on the official SEC website. According to the memo, the task force consists of staff from Acting Chairman Mark Uyeda’s office, along with representatives from multiple divisions within the agency.
Peirce highlighted the team’s experience and commitment to addressing complex crypto regulatory challenges, stating that the Crypto Task Force is composed of knowledgeable and dedicated staff focused on developing practical regulatory solutions for the industry.
She also emphasized that the team would collaborate with other SEC experts and engage with the public to shape effective crypto regulations.
SEC’s new crypto-focused team
The task force includes Richard Gabbert as Chief of Staff, Michael Selig as Chief Counsel, and Taylor Asher as Chief Policy Advisor. Additional members include Sumeera Younis (Chief of Operations), Landon Zinda (Senior Advisor), and multiple senior advisors such as Donald Battle, Bernard Nolan, and Laura Powell.
Peirce has long been an advocate for clear and fair regulations in the crypto sector. Her latest initiative follows ongoing calls from industry leaders for more regulatory clarity.
This development aligns with a broader trend within the SEC to reevaluate its stance on cryptocurrency oversight. Under the previous administration, the agency intensified enforcement actions against crypto firms, imposing significant penalties.
For instance, in 2024 alone, the agency imposed fines totaling $4.68 billion on crypto businesses, accounting for 68% of its lifetime penalties in this sector.
However, recent months have seen a notable shift. The SEC has closed investigations into several prominent crypto entities, including Gemini, Coinbase, OpenSea, Uniswap Labs, Robinhood Crypto, Consensys, and lately Kraken. This move suggests a more lenient regulatory approach under the current administration.
@ Newshounds News™
Source: Crypto News
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
5 Things Wealthy Parents Teach Their Kids That the Middle Class Might Not
5 Things Wealthy Parents Teach Their Kids That the Middle Class Might Not
Dawn Allcot Mon, Mar 3, 2025,
It’s often said, especially in the United States, that the rich get richer. It’s obviously easier to build wealth if you already have money to invest, a financial education and successful parents who can guide you.
For instance, Amazon may not exist today if Jeff Bezos’ parents’ had not shelled out close to $250,000 in start-up capital so he could launch the online bookstore in his garage, as widely reported by multiple sources. But it wasn’t just their cash that gave the young entrepreneur a leg up. In an article published by People, Bezos referred to his parents as “loving and supportive.”
Besides start-up capital and a safety net that enables people with more money to take bigger risks, what else do wealthy parents give their children that most middle-class parents don’t?
5 Things Wealthy Parents Teach Their Kids That the Middle Class Might Not
Dawn Allcot Mon, Mar 3, 2025,
It’s often said, especially in the United States, that the rich get richer. It’s obviously easier to build wealth if you already have money to invest, a financial education and successful parents who can guide you.
For instance, Amazon may not exist today if Jeff Bezos’ parents’ had not shelled out close to $250,000 in start-up capital so he could launch the online bookstore in his garage, as widely reported by multiple sources. But it wasn’t just their cash that gave the young entrepreneur a leg up. In an article published by People, Bezos referred to his parents as “loving and supportive.”
Besides start-up capital and a safety net that enables people with more money to take bigger risks, what else do wealthy parents give their children that most middle-class parents don’t?
Real-Life Lessons on the Importance of Earning
While middle-class families may offer children an allowance to teach the basics of saving and compound interest, wealthy families emphasize the importance of earning.
“We don’t recommend that wealthy families just give an allowance — especially if the kids aren’t earning it in any way,” said Brian Weiner, founder of the Family Office Resource Group.
Taryn Pumphrey, president of Ledger Lift, agreed, describing how one local retail business owner she worked with involved her children in the family business.
“Rather than simply giving allowances, she tied their earnings to specific business tasks like inventory counting or organizing receipts, teaching both financial literacy and business operations simultaneously,” she said.
How To View Money as a Tool
Wealthy families often have neutral conversations about money, which can alleviate stress and help children view money as a tool, rather than the end goal.
TO READ MORE: https://finance.yahoo.com/news/5-things-wealthy-parents-teach-190029751.html
Economist’s “News and Views” Monday 3-3-2025
How Gold Is Valued & Why $25k-$55k Makes Sense in a Revaluation Scenario | Tavi Costa
Kitco News: 3-3-2025
What do historical financial crises tell us about today's market? Kitco News Anchor Jeremy Szafron interviews Tavi Costa, Partner & Macro Strategist, Crescat Capital on the sidelines of PDAC in Toronto.
Costa discusses the rare convergence of demand for gold from both Eastern and Western economies and why he believes silver is on the verge of a significant move back to its all-time highs.
Costa analyzes the potential impact of revaluing gold prices and inventories, referencing historical comparisons to the 1940s and 1970s.
How Gold Is Valued & Why $25k-$55k Makes Sense in a Revaluation Scenario | Tavi Costa
Kitco News: 3-3-2025
What do historical financial crises tell us about today's market? Kitco News Anchor Jeremy Szafron interviews Tavi Costa, Partner & Macro Strategist, Crescat Capital on the sidelines of PDAC in Toronto.
Costa discusses the rare convergence of demand for gold from both Eastern and Western economies and why he believes silver is on the verge of a significant move back to its all-time highs.
Costa analyzes the potential impact of revaluing gold prices and inventories, referencing historical comparisons to the 1940s and 1970s.
He also touches on the U.S. dollar's overvaluation and potential strategies for investors in response to these macro trends, including opportunities in emerging markets and natural resources. Key points:
Gold revaluation: Could reach $24,000-$55,000/ounce based on historical comparisons.
Dollar Overvaluation: The U.S. dollar is at its most overvalued level in 120 years.
Silver's Potential: Silver is showing positive short-term action, derivatives of gold are looking attractive near term.
Investment strategy: Consider rebalancing investments from tech to commodities and emerging markets.
00:00 Introduction: Gold and Silver Market Insights
01:02 Historical Context of Gold Valuation
02:36 Current Economic Indicators and Predictions
04:15 Impact of U.S. Fiscal Policy on Gold
08:51 Energy Policy and Natural Resources
14:55 Investment Strategies and Market Rebalancing
19:34 Silver Market Opportunities
URGENT WARNING: “They Can’t Prevent the Crash That Is Going To Happen” - Mike Maloney
3-3-2025
Is another historic market crash on the horizon? In this eye-opening video, Mike Maloney breaks down the worrying signs that echo past financial crises—from extreme stock market valuations to unprecedented debt levels.
Discover why gold is capturing renewed attention, how yield curve inversions have been a consistent recession indicator, and what the Federal Reserve might do next.
If you’re wondering how to protect yourself from a potential economic storm, this episode is for you.
Key Takeaways
• Learn about critical market signals that have predicted past crashes
• Understand the shift of capital from speculative stocks into gold
• See why record-high consumer debt might lead to a harsh economic reality
• Find out how Federal Reserve policy could shape the next financial chapter
WARNING! Without DIRECT AND IMMEDIATE Intervention, The US Economy Has 6 Months Left...
Greg Mannarino: 3-3-2025
Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-03-25
Good Afternoon Dinar Recaps,
LAWMAKERS LAUNCH BIPARTISAN CONGRESSIONAL CRYPTO CAUCUS FOLLOWING TRUMP BITCOIN PUSH
The first of its kind group will allow pro-industry lawmakers to vote as a bloc on key legislation.
House Majority Whip Tom Emmer (R-MN) announced the creation of the first ever congressional crypto caucus on Monday, which he says will allow pro-industry lawmakers to vote as a unified bloc on pertinent legislation.
The move comes just a day after President Donald Trump announced he's directed the Presidential Working Group to "move forward" with plans to establish a "crypto strategic reserve"—a federal stockpile of state-owned digital assets—which would include Bitcoin, Ethereum, Solana, Cardano, and XRP.
Good Afternoon Dinar Recaps,
LAWMAKERS LAUNCH BIPARTISAN CONGRESSIONAL CRYPTO CAUCUS FOLLOWING TRUMP BITCOIN PUSH
The first of its kind group will allow pro-industry lawmakers to vote as a bloc on key legislation.
House Majority Whip Tom Emmer (R-MN) announced the creation of the first ever congressional crypto caucus on Monday, which he says will allow pro-industry lawmakers to vote as a unified bloc on pertinent legislation.
The move comes just a day after President Donald Trump announced he's directed the Presidential Working Group to "move forward" with plans to establish a "crypto strategic reserve"—a federal stockpile of state-owned digital assets—which would include Bitcoin, Ethereum, Solana, Cardano, and XRP.
The caucus appears to be a bipartisan effort, led both by Emmer—a staunch crypto advocate—and Rep. Ritchie Torres (D-NY), one of the industry’s most vocal Democratic allies.
In a post to X on Monday morning, Emmer characterized the caucus as “a nonpartisan group of members ready to mobilize to support and defend open, permissionless, and private innovation in the United States.”
The inclusion of the term “private” in that definition would seem to be an attempt to smother any notion that as the U.S. government gets more involved in crypto, it might seek to develop technologies like a central bank digital currency, or CBDC.
Major foreign bodies like the European Union have pushed ahead in developing digital currencies in recent weeks. President Donald Trump, on the other hand, moved to ban the creation of an American CBDC days after retaking the White House. Republicans have, for years, claimed that CBDCs would pose an existential risk to financial privacy.
Decrypt reached out to Emmer’s office regarding the House crypto caucus’ top priorities and the potential initial size of its membership but did not immediately receive a response.
House caucuses are formally organized groups of lawmakers who meet to pursue shared legislative objectives and tend to vote in blocs on key issues.
Dozens of such groups currently meet on Capitol Hill. They are shaped around identity groups (Congressional Black Caucus); ideological leanings (Congressional Progressive Caucus); foreign policy (Congressional Friends of Denmark Caucus); and, in many cases, industry representation (see: Congressional Cranberry Caucus, Chicken Caucus, and Natural Gas Caucus).
While crypto has notched a slew of high profile political victories in recent weeks—from the dismissal of key lawsuits targeting industry leaders, to Trump’s doubling down on a controversial federal crypto stockpile—the somewhat less flashy announcement of an industry caucus nonetheless brings the sector one step closer to more permanent status as a mainstay special interest group in Washington.
After years of extreme political volatility for crypto that have reaped both the lowest of lows and highest of highs, perhaps becoming a household staple akin to chicken or cranberries isn’t so unappealing.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
BRICS REACTS TO TRUMP & ZELENSKY’S WHITE HOUSE HUMILIATION
Trump and Zelensky’s White House interaction has taken the world by storm as the dirty laundry was washed in public. The war of words turned cinema as both leaders indulged in sharp criticism.
In the aftermath of the show, the minerals deal, which Zelensky visited the US was rejected by Trump. However, the Ukrainian President said that he is open to signing the deal if the US agrees to move forward. BRICS member Brazil has reacted to the Trump-Zelensky fight and came down hard on the US President.
BRICS: Brazil Reacts to Trump-Zelensky’s War of Words
Brazilian President Luiz Lula da Silva, who will chair the upcoming BRICS summit, reacted to Trump and Zelensky’s White House war. He sharply criticized the way Trump treated Zelensky in front of reporters and other dignitaries. Lula da Silva called Trump’s attitude “grotesque and disrespectful,” against Zelensky. Additionally, he added that the US President “humiliated” Zelensky for no reason as he visited the US to discuss the minerals deal.
“I have never seen a scene as grotesque and disrespectful as the one that took place in the Oval Office of the White House. I sincerely believe that part of society thrives on disrespecting others. And it is not possible to speak of democracy if there is no respect for other human beings.
I think Zelensky was hamulated; in Trump’s mind, he probably deserved it. I think the European Union was harmed by the American speech,” said the Brazilian President who will chair the 17th BRICS summit.
Trump’s stance against Ukraine is alienating Europe as the European Union (EU) wants to hold Russia accountable for the war. BRICS member China is making use of the tensions and is extending cordial relations with Europe. Moreover, many European countries are looking to increase business deals with China as negotiating with the US has become increasingly difficult.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
CONTROVERSIAL IRS CRYPTO REPORTING REGULATION
Lawmakers, including Senator Ted Cruz and Cynthia Lummis, have introduced a resolution to overturn the IRS rule, with a vote expected this week.
▪The US Senate is set to vote on an IRS rule requiring crypto brokers to report detailed transaction data, a move that has sparked controversy in the industry.
▪Critics argue that the tax reporting mandate could stifle DeFi innovation, leading to legal challenges and calls for its repeal.
▪Lawmakers will also review a separate Consumer Financial Protection Bureau (CFPB) regulation that affects digital payment apps.
The US Senate is preparing to vote on a controversial IRS regulation requiring “brokers” to report gross proceeds, cost basis, and gains or losses from digital asset transactions, including cryptocurrency, stablecoins, and non-fungible tokens (NFTs).
The law, formally introduced in December 2024 and enacted in January 2025, has faced strong opposition from the crypto community. Critics argue that the regulation threatens the growth and innovation of the decentralized finance (DeFi) sector, leading to a lawsuit challenging its implementation.
Lawmakers Push for Repeal
While the legal battle continues, Senator Ted Cruz, alongside Senators Cynthia Lummis, Pete Ricketts, and others, has taken legislative action to challenge the rule, according to a CoinDesk report on Monday, citing sources familiar with the matter.
The lawmakers have introduced a joint resolution urging the repeal of the IRS regulation. A source close to the matter revealed that Congress is expected to vote on the resolution this week, a decision that could determine the rule’s future.
The Congress has the power to challenge and potentially overturn unfavourable new laws enacted by government agencies under the Congressional Review Act (CRA).
In addition to the IRS measure, Congress is also set to review what CoinDesk described as an “11th-hour regulation” from the Consumer Financial Protection Bureau (CFPB), which impacts digital payment applications.
Donald Trump Finally Adds Crypto to National Reserve
The previous administration introduced both rules in an attempt to curb innovation within the crypto sector. In 2024, the then-US president signed an executive order directing the government to assess the risks and benefits of cryptocurrencies.
The measures targeted six key areas: consumer protection, financial stability, illicit activity, US competitiveness, financial inclusion, and responsible innovation. However, despite these efforts, the industry remained without clear regulatory guidance during his tenure.
In contrast, the current administration is taking steps to establish a well-defined regulatory framework for cryptocurrencies in the US.
Last month, President Donald Trump issued an executive order instructing federal agencies to review existing laws and create a clear regulatory structure for digital assets and related services. Agencies such as the Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) have been given 30 days, starting January 23, 2025, to carry out this directive.
Beyond regulatory reforms, Trump has pledged to position the US as the “world crypto capital,” aiming to lead in regulation, innovation, and technological advancements within the sector.
On Sunday, Trump officially unveiled the long-anticipated crypto reserve, incorporating major digital assets like XRP, SOL, and ADA. He emphasized that Bitcoin and Ethereum would be the “heart of the reserve,” reaffirming his strong support for the top two cryptocurrencies.
@ Newshounds News™
Source: CoinSpeaker
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
9 Biggest Mistakes High Income/High Net Worth Millennials Make
9 Biggest Mistakes High Income/High Net Worth Millennials Make
Thomas Kopelman
We often associate wealth with financial expertise, but this could not be further from the truth. High net worth people are not immune to making mistakes. In fact, they make just as many mistakes, if not more than everyone else. And the worst part about it is that these mistakes they make can be even more costly due to higher dollar amounts behind the mistakes.
Let me help you avoid this by walking you through 9 of the most common mistakes I see high net worth millennials make.
9 Biggest Mistakes High Income/High Net Worth Millennials Make
Thomas Kopelman
We often associate wealth with financial expertise, but this could not be further from the truth. High net worth people are not immune to making mistakes. In fact, they make just as many mistakes, if not more than everyone else. And the worst part about it is that these mistakes they make can be even more costly due to higher dollar amounts behind the mistakes.
Let me help you avoid this by walking you through 9 of the most common mistakes I see high net worth millennials make.
Note: Learn from these. You can easily avoid them!
1. Thinking Their Income Will Always Be There
This might apply towards people with high incomes more than people with high net worths. But regardless, this group of people are taking on a huge risk assuming that their income will always be there. There are 3 main ways income can be lost:
Loss of job – Plenty of high income folks get cut when businesses are not doing well. This is why diversifying, building up assets, having an emergency fund, etc. is crucial.
A disability putting you out of work – 1/4 millennials will have a disability that stops them from working. The stats are scary. Having disability insurance in place to protect your income can be crucial!
Business Failing – Many high net worth accumulators are business owners. This means most of their wealth is in the business and their income is tied to it. That concentration brings on a lot of risk. Managing this business well and diversifying as you earn is crucial to keep you on a good path. Do not just use your business as a piggy bank.
2. Making Their Finances Too Complex
This is something I see way too often, people start making good money and their wealth builds. And because of this, they think they need to start investing in anything and everything.
Anytime a friend or someone they know comes with a business idea, they get involved. And then all of the sudden their balance sheet is all over the place. They have little organization or coordination, and oftentimes even lack liquidity.
Be careful doing this! You do not need to invest in anything and everything. Oftentimes the best strategy is to keep things simple. You do not want to get burned.
3. Taking On Too Much Unneeded Risk