“Tidbits From TNT” Wednesday Morning 3-6-2025

TNT:

Tishwash:  Central Bank: 20 Iraqi banks practice direct transfer operations in 8 foreign currencies

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that there are 20 Iraqi banks practicing direct transfer operations in 8 foreign currencies.

Al-Alaq said, according to the official agency, that "the recent quarterly meetings with the US Federal Reserve and the Treasury Department, which were held in Dubai, were very positive, as the steps taken by the Central Bank to improve the foreign transfer system and convert operations to international practices in a safe, transparent and highly organized manner were praised."

Al-Alaq pointed out that "this transformation is the first of its kind in Iraq, which witnessed transitional stages from (the window) to (the platform) and then to correspondent banks."

He continued, "Today, there are 20 Iraqi banks practicing direct transfer operations with international correspondents in eight foreign currencies, within the new system."

Al-Alaq explained that "the other banks that are still outside this framework are now working to qualify them according to specific standards, in cooperation with an international consulting company, to apply the necessary standards that qualify them to join foreign transfer operations."
He stressed that "there are no new sanctions or changes, but on the contrary, there is praise and appreciation from international bodies, especially with regard to the mechanism of selling cash dollars.

" Al-Alaq stressed the "need to focus on these successes to show a positive image of the transformations in the Iraqi banking sector, which will be positively reflected in the dealings of international financial institutions with Iraqi banks."  link

Tishwash:  Government Advisor: Electronic Payment Enhances Dinar Stability, Shrinks Parallel Market

 The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the public’s increasing conviction in using electronic payment cards for travel purposes or paying dues to small companies has achieved great success in reducing the size of the parallel market for the US dollar, which has contributed to its gradual decline.

Saleh explained in a statement to {Euphrates News} agency, that "the modern monetary policies that were recently implemented have proven their effectiveness in achieving financial and economic stability, as annual inflation rates have decreased to levels not exceeding 3%, which reflects the strength and stability of the Iraqi dinar against foreign currencies.

The financial advisor pointed out that the new monetary policy tools adopted by the Iraqi government, in cooperation with the Central Bank, have directly contributed to directing cash liquidity towards official channels, which has enhanced public confidence in the dinar and led to a reduction in informal transactions in the dollar.

Saleh stressed the importance of continuing efforts to enhance the use of electronic means in financial transactions, given its pivotal role in supporting the national economy and combating illegal practices associated with the parallel currency market.

He stressed that these achievements come within the framework of a comprehensive strategy aimed at achieving sustainable financial stability and enhancing the confidence of citizens and investors in the future of the Iraqi economy, calling on all segments of society to engage more in the use of electronic payment tools in the interest of the national economy. link

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Tishwash:  Nineveh, Kirkuk and Tikrit are deprived of the dollar.. It's time, Baghdad, the airport is ready

Exchange representative spoke to 964

 Mosul (Nineveh) 964

Nineveh does not receive its share of the dollar despite the city’s stability for 9 years, and the restrictions affect many travelers from Nineveh, especially patients and students who need remittances to or from the city. Talk of the dollar problem has returned to the forefront in conjunction with the imminent opening of Mosul Airport.

Abdullah Khalil, a representative of Nineveh exchange companies, says that they have complied with the Central Bank’s requests to merge every 10 companies to form a new Category A company, but the red tape is still hindering the entry of these companies into the dollar auction. In the past, Nineveh included 90 companies, each of which received $1.2 million per month. Today, only two companies have met the merger criteria, in addition to 7 companies ready to merge, compared to 100 companies receiving dollars in Baghdad. According to Khalil, the return of the dollar to Mosul will serve all neighboring governorates deprived of the dollar, such as Salah al-Din and Kirkuk, in addition to Kurdistan. Economists in Baghdad have previously called for the necessity of resuming the injection of dollars into the western governorates, which would relieve pressure on the capital and the south.

In the event that The dollar has been pumped into Nineveh, and each company's share will be about 2 million dollars per month, which will contribute to stimulating economic activity and improving the situation of affected companies

Abdullah Khalil - Representative of exchange companies in Nineveh:

Since 2014, exchange companies have stopped working by decision of the Central Bank.

In 2021, 47 companies were opened by the Central Bank.

When we reviewed the receipt of Nineveh Governorate’s share of the dollar, the Central Bank stipulated that every 10 companies merge into one company to be classified as A and to be able to enter the Central Bank’s dollar selling window.

Indeed, we have merged 10 companies two and a half years ago, but we suffer from red tape, which is disrupting our work.

Nineveh does not have a Class A company, which has the right to receive dollars from the Central Bank and sell them to travelers.

We also do not have external outlets through international companies such as Western Union.

We asked the Central Bank to exempt Nineveh from this matter, knowing that Baghdad has 100 category A companies.

Opening companies in Nineveh will serve nearby cities such as Kirkuk, Salah al-Din, Erbil, and Dohuk, which do not have Class A companies and do not receive dollars from the bank.

For 11 years, Nineveh has not received its share of the dollar, and I hope that through you our voice will be heard and that there will be an exception decision from the Central Bank, especially since Mosul is about to open the airport, and it is expected that tourism and trade will increase.

Previously, we had 90 companies, each of which was receiving $1.2 million per month.

Today we have two companies ready to take over, and there are 7 companies ready to merge.

There are 20 companies banned by the Central Bank from trading in dollars, and their dealings are limited to Iraqi dinars only.

We pay fees and taxes to the bank, just like the rest of the governorates that receive dollars and have external transfers.

Each company's share will be $2 million per month if the Central Bank pumps dollars into Nineveh.

There are patients traveling outside Iraq who need remittances from Nineveh, but they cannot receive them or vice versa.

Issam Zenkana - Economic Researcher:

After 9 years of liberating Nineveh, restrictions on exchange companies are supposed to be lifted and they and citizens are supposed to be allowed to trade in dollars.

These restrictions negatively affected the commercial movement in the city, especially among merchants.

There is supposed to be a government banking operation based on academic financial steps built on the foundations of a free economy.  link

Mot: .. Making Progress I Is!!!

Mot:  A housewife poses with a week's worth of groceries in 1947.

A housewife poses with a week's worth of groceries in 1947.

She spent $12.50 a week to buy all her groceries except milk.

On this she managed to feed herself, her husband, her four-year-old twins and the family cat.

Iraq Economic News and Points to Ponder Tuesday Evening 3-4-25

Iraq Sets July 2025 Deadline To End Cash Payments, Digitize Payroll

Prime Minister Mohammed Shia Al-Sudani   Electronic Payment Systems  --  2024-11-04 Shafaq News/ Prime Minister Mohammed Shia Al-Sudani directed, on Monday, that salaries for private sector employees be processed through bank accounts, similar to the system for government employees, as part of a push to phase out cash payments across government institutions by July next year.

According to a statement issued by Al-Sudani’s media office, “In line with the government’s financial and economic reform plan, which is one of its top priorities, Al-Sudani has directed the implementation of several steps to enhance and develop electronic payment systems and services:

Work towards the domiciliation of salaries for private sector employees, similar to the public sector, by tasking the Ministry of Labor and Social Affairs and the Central Bank of Iraq to collaborate with select private sector institutions to establish an appropriate mechanism for this purpose.”

“All ministries and government institutions shall transition from cash payments to electronic payment for payment collections and related transactions. Each ministry or government institution must submit a comprehensive plan for this transition by December 31, 2024, with full implementation to commence by July 1, 2025,” as per the statement.
https://shafaq.com/en/Economy/Iraq-sets-July-2025-deadline-to-end-cash-payments-digitize-payroll

Iraq Pushes For Full Electronic Payment Transition By 2025

Published: 4th November, 2024  In alignment with Iraq’s ongoing financial and economic reform agenda, Prime Minister Mohammed S. Al-Sudani has directed the government to implement key initiatives aimed at advancing and modernising electronic payment systems and services across the country.

This move comes as part of broader efforts to streamline economic processes, reduce reliance on cash, and foster greater financial inclusion.

A significant step in this reform involves the domiciliation of salaries for private sector employees, a model already in practice within the public sector. To achieve this, the Prime Minister has mandated the Ministry of Labor and Social Affairs and the Central Bank of Iraq to engage with selected private sector institutions to devise a mechanism that will facilitate this transition. The aim is to enhance the financial stability of private sector workers and integrate them more effectively into the formal financial system.

Furthermore, in a bid to modernise public sector financial operations, Prime Minister Al-Sudani has instructed all ministries and government institutions to transition from cash-based payment methods to electronic payment systems for all transactions, including payment collections.

To ensure a smooth implementation, each ministry and institution is required to present a comprehensive transition plan by December 31, 2024. The full shift to electronic payments is expected to commence by July 1, 2025.

These initiatives mark a substantial effort to modernise Iraq’s financial infrastructure, reflecting the government’s commitment to economic growth, transparency, and technological advancement.

The Prime Minister’s Media Office continues to emphasise that these measures are pivotal for economic stability and will contribute to more efficient government operations and improved public services.

Source: Prime Minister Office https://www.iina.news/iraq-pushes-for-full-electronic-payment-transition-by-2025/

Government Advisor: Electronic Payment Enhances Dinar Stability, Shrinks Parallel Market

2025/03/04 Read: 1,275 times  {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the public’s increasing conviction in using electronic payment cards for travel purposes or paying dues to small companies has achieved great success in reducing the size of the parallel market for the US dollar, which has contributed to its gradual decline.

Saleh explained in a statement to {Euphrates News} agency, that "the modern monetary policies that were recently implemented have proven their effectiveness in achieving financial and economic stability, as annual inflation rates have decreased to levels not exceeding 3%, which reflects the strength and stability of the Iraqi dinar against foreign currencies.

The financial advisor pointed out that the new monetary policy tools adopted by the Iraqi government, in cooperation with the Central Bank, have directly contributed to directing cash liquidity towards official channels, which has enhanced public confidence in the dinar and led to a reduction in informal transactions in the dollar.

Saleh stressed the importance of continuing efforts to enhance the use of electronic means in financial transactions, given its pivotal role in supporting the national economy and combating illegal practices associated with the parallel currency market.

He stressed that these achievements come within the framework of a comprehensive strategy aimed at achieving sustainable financial stability and enhancing the confidence of citizens and investors in the future of the Iraqi economy, calling on all segments of society to engage more in the use of electronic payment tools in the interest of the national economy.   LINK

Al-Alaq: 20 Iraqi Banks Practice Direct Transfer Operations

Banks   Economy News – Baghdad  The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that there are 20 Iraqi banks that practice direct transfer operations in 8 foreign currencies.

Al-Alaq said, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the recent quarterly meetings with the US Federal Reserve and the Treasury Department held in Dubai were very positive, as the steps taken by the Central Bank to improve the foreign transfer system and convert operations to international practices in a safe, transparent and highly organized manner were praised.

" Al-Alaq pointed out that "this transformation is the first of its kind in Iraq, which witnessed transitional stages from (the window) to (the platform) and then to correspondent banks."

He continued, "Today, there are 20 Iraqi banks practicing direct transfer operations with international correspondents in eight foreign currencies, within the new system."

Al-Alaq explained that "other banks that are still outside this framework are now working to qualify them according to specific standards, in cooperation with an international consulting company, to apply the necessary standards that qualify them to join foreign transfer operations."

He stressed that "there are no new sanctions or changes, but on the contrary, there is praise and appreciation from international bodies, especially with regard to the mechanism for selling cash dollars."

Al-Alaq stressed the "necessity of focusing on these successes to show a positive image of the transformations in the Iraqi banking sector, which will be positively reflected in the dealings of international financial institutions with Iraqi banks."  https://economy-news.net/content.php?id=53121

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-04-25

Good Evening Dinar Recaps,

BRICS: US TO FORGE TRADE DEAL AS NEW NATION FEARS TARIFF THREAT

Amid the ongoing tensions with the BRICS group, the US is set to forge a new trade deal as a new nation comes forward with concerns over the growing threat of tariffs.

Indeed, since his return to the White House, US President Donald Trump has embraced increased import taxes as an aggressive policy to balance out trade.

The efforts have drawn both criticism and concern from the global market. Specifically, a host of nations have expressed worry that the action could lead to a trade war.

Now, that fear may be leading geopolitical alignment to take place on a global scale.

US to Forge New Trade Agreement as BRICS, Canada, and Mexico Face Tariffs

The BRICS economic alliance and the United States are engaged in a notable faceoff. The latter promised to issue 150% tariffs on the collective, citing its de-dollarization as the reason. In response, the bloc’s 2025 chairmanship holder, Brazil, has continued to lean into the necessity of ditching the greenback in global trade.

Both sides have only encouraged continued concerns regarding geopolitical tensions. Moreover, amid the BRICS confrontation, the US has forged a new trade deal as another nation expresses concern over impending Trump tariff threats. The US President reissued those import taxes on Canada and Mexico after pausing the effort last month.

According to a new report, the United States and the UK are set to iron out the details of a new trade agreement. Specifically, a visit from Prime Minister Keir Starmer has seen both sides commit to the new deal. Its purpose looks to be balancing trade and thus avoiding tariffs on the European nation.

After the meeting, Trump expressed his hopes for a “great trade agreement” with the UK. “We’re going to have a great trade agreement, one way or another,” Starmer said. “We’re going to end up with a very good trade agreement for both countries, and we are working on that as we speak.”

@ Newshounds News™

Source:  Watcher Guru

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SEC AGREES TO DROP LAWSUIT AGAINST CUMBERLAND DRW, SAYS FIRM

The SEC sued Cumberland DRW in October, claiming it operated as an unregistered securities dealer in handling more than $2 billion in crypto assets.

The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says.

“Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post.

Cumberland said the filing was agreed in principle between Cumberland DRW and SEC staff on Feb. 20 and is currently awaiting the agency’s approval.

It’s the latest crypto-related lawsuit the SEC has agreed to drop. It has previously dropped cases against crypto exchanges Coinbase and Kraken, along with crypto firm Consensys.

The regulator has also recently announced it had dropped its investigation into non-fungible token (NFT) companies Yuga Labs and OpenSea, and crypto exchanges Gemini and Uniswap Labs.

“We look forward to continuing our dialogue with the SEC to help shape a future where technological advancements and regulatory clarity go hand in hand,” Cumberland added.

The SEC sued Cumberland DRW on Oct. 10, alleging a single charge of operating as an unregistered securities dealer for more than $2 billion in crypto assets.

The regulator claimed Cumberland acted as an unregistered dealer since March 2018 by buying and selling crypto it deemed to be securities.

The SEC also claimed that five of the tokens that Cumberland handled were securities, including  POL. SOL, ATOM. ALGO, and FIL.

The agency was seeking permanent injunctive relief, disgorgement of ill-gotten gains, prejudgment interest and civil penalties.

Cumberland argued it had registered as a dealer-broker in 2019 and was hit with the suit despite engaging in “five years of good-faith discussions” with the SEC, adding it was just “the latest target” of SEC’s “enforcement-first approach to stifling innovation.”

Crypto exchange Coinbase recently filed a request under the Freedom of Information Act (FOIA) to the SEC seeking to discover how much the SEC spent on enforcement action against crypto firms.

@ Newshounds News™

Source:  CoinTelegraph

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FRANK26…..3-4-25…….IT’S NO TOP SECRET

KTFA

Tuesday Night Conference Call

FRANK26…..3-4-25…….IT’S NO TOP SECRET

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… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=U4uHOpa-gKs

“Bits and Pieces” in Dinarland Tuesday PM 3-4-2025

DJ:  DID YOU KNOW?

Over the years I have been a proponent of not following the narrative of Intel providers who are constantly forecasting start dates for the GCR/RV but rather focusing on the mechanisms that would be required to accomplish such a task.

After all we’re talking about a transformation of the global financial system and it is pretty much understood it would have to be digital.

The global financial system is on the cusp of a digital revolution, with digital currencies poised to redefine transactions, banking, and economic policies.

For digital currency to be widely adopted and seamlessly integrated, several mechanisms must be changed, enhanced, or created. If one looks, we can currently see these transitions in real time .

Keep in mind though there will always be a need for a percentage of physical currency to remain in circulation being crucial to ensuring economic stability and accessibility.

First and foremost, regulatory frameworks are being modernized. Governments and financial institutions are collaborating to establish comprehensive policies that govern digital currency use, ensuring security, transparency, and compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. Without these clear guidelines, digital currency adoption could lead to financial instability or illicit activities.

The second critical enhancement involves the banking infrastructure. Traditional financial institutions have begun integrating blockchain technology and decentralized finance (DeFi) platforms into their operations.

 This integration has required significant investment in technological upgrades, cybersecurity measures, and personnel training to ensure seamless transactions and fraud prevention. Central banks have begun to develop their own central bank digital currencies (CBDCs) to maintain monetary control and economic stability.

Another essential mechanism is digital payment infrastructure. Retailers, service providers, and consumers must have access to user-friendly and secure payment solutions that support digital currency transactions. We are seeing point-of-sale systems, mobile payment applications, and online banking platforms being upgraded to accept digital currencies alongside traditional money. Interoperability between various digital currencies and traditional banking systems are gaining widespread adoption.

Cybersecurity enhancements have been a priority. Digital currencies are vulnerable to hacking, fraud, and cyberattacks, necessitating new robust security protocols. Multi-factor authentication, biometric verification, and encryption technologies are now standard across all digital currency platforms to protect users from financial loss and data breaches.

Despite this shift toward digital transactions, maintaining a percentage of physical currency is essential. A completely cashless society risks excluding individuals without access to digital banking or technological literacy. Physical currency serves as a backup during system failures, cyberattacks, or economic crises, ensuring continued economic functionality.

Transitioning to a digital currency-driven financial system to ignite the GCR required these extensive regulatory, technological, and infrastructural advancements.

While digital currency offers efficiency, security, and innovation, a hybrid system that retains a percentage of physical cash will ensure inclusivity and resilience. Seeing these advancements and coordinated global efforts, is a strong indicator the GCR and financial transformation is within reach.

Learning how to swim is not the same thing as swimming. Diving into the deep prematurely. Probably not a good idea.

DJ

https://dinarchronicles.com/2025/03/03/the-office-of-poofness-weekly-report-update-from-poof-and-dj-3-3-25/

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

Frank26   Question: "Will Ramadan affect the timing of the exchange rate?"  Are you asking me because Kuwait went through an RI during Ramadan?  IMO that was just a coincidence...Let's just say my friend [Firefly] has purchasing power...Do you think it would be wise for him to celebrate, to run out in the streets...during a religious event, wouldn't it be rather sacrilegious for them to even consider?  "I'm rich!" Or "I got purchasing power!" during a holy solemn time? ...It sure as heck can happen during Ramadan but I don't want you to think it's going to happen because of Ramadan IMO...

Militia Man  Article:  "Gold prices will gain another 8% in 2025 to hit $3,100/oz – Goldman Sachs Research" As this article states that demand from Central Banks pushes the gold price up, Note that the "Country of Iraq" has purchased 20 tons of gold this year herself.. Why, Central Banks have a very good pulse on things. It is their job to know how to diversify when need be.

Fed Predicts Economic Crash, will Chaos Continue?

David Lin:  3-3-2025

Global markets are reeling after a dramatic downturn, fueled by growing concerns about the strength of the global economy and, some say, a tacit admission from the Federal Reserve that a recession is imminent. The sharp sell-off has left investors scrambling and questioning whether the current chaos will subside or snowball into a full-blown economic crisis.

To dissect the unfolding market turmoil and gain insights into what the future may hold, David Lin sat down with Jim Bianco, President of Bianco Research. The conversation, captured in a tense recording, painted a picture of a market grappling with uncertainty and an economy on shaky ground.

While the Fed hasn’t explicitly declared an impending crash, Bianco suggested their recent actions and pronouncements are speaking louder than words. Bianco also cautioned against overly optimistic assumptions about a quick rebound.

The current market situation is undeniably concerning. Whether it represents a temporary correction or the prelude to a deeper economic downturn remains to be seen. However, one thing is clear: investors need to exercise caution, stay informed, and be prepared to navigate a potentially turbulent road ahead.

https://youtu.be/vNjwBZI9LAw

Why the US GOV Must Revalue Gold (And Why It’s Terrifying)

Taylor Kenny:  3-4-2025

Why is gold being revalued? As central banks around the world are stockpiling gold at unprecedented levels, it’s becoming clear that the global financial system is undergoing profound changes.

For those of us who are concerned about the future of the US dollar, inflation, and economic collapse, understanding the true significance of gold revaluation is crucial.

https://www.youtube.com/watch?v=-aU1A_9lDa0

Iraq Economic News and Points to Ponder Tuesday Afternoon 3-4-25

OPEC Decides To Increase Iraq's Share Of Oil Production Until The End Of This Year

Tuesday 04 March 2025 | Economic Number of readings: 200 Baghdad / NINA / The OPEC+ alliance countries agreed today, Tuesday, to increase Iraq's share of oil production to reach four million and 110 thousand barrels per day by the end of this year.

The group of eight member countries of the OPEC+ alliance, namely Iraq, Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, called for a review of global market conditions and future expectations.

The alliance countries agreed to renew their commitment to the return of the voluntary reduced quantities of crude oil production, which were previously announced in April and November 2023, by the beginning of next month.

According to the agreement, Iraq's share for next April will increase by 12 thousand barrels, so that production will be 4.012 million barrels per day, and in May it will increase by 12 thousand barrels as well, so that production will be 4.024 million barrels per day, and in December it will reach 4.110 million barrels per day.

Iraq's share will rise in September and until December 2026 to more than 4.220 million barrels per day.

It is noteworthy that the OPEC+ alliance is implementing an official cut of two million barrels per day, which are scheduled to be extended until the end of next year 2026.

In April 2023, the OPEC+ alliance announced a voluntary cut of 1.65 million barrels per day, which is scheduled to continue until the end of next year, while the alliance announced another cut of 2.2 million barrels per day in November 2023, which will continue until the end of this March. / End https://ninanews.com/Website/News/Details?key=1189940

Oil Prices Fall To Lowest Level In 12 Weeks

Tuesday 04 March 2025 07:54 | Economic  Number of readings: 252  Baghdad / NINA / Oil prices fell by more than 2 percent at the settlement at the end of Monday's trading.  Brent crude futures fell $1.19, or 1.6 percent, to settle at $71.62 per barrel. "

West Texas Intermediate crude futures also fell about $1.39, or about two percent, to reach $68.37 at the settlement."  This is the lowest level for the two benchmark crudes since December 9. "

Earlier, the OPEC+ alliance reported a gradual and flexible return to voluntary production adjustments of 2.2 million barrels per day, starting from April 1, 2025. / End https://ninanews.com/Website/News/Details?key=1189869

The Finance Committee Expects The Budget Tables To Reach Parliament In The Middle Of This Month

Buratha News Agency1392025-03-04  The Finance Committee of the House of Representatives expected, on Tuesday, that the budget schedules will reach the parliament by the middle of this month, stressing the importance of completing job promotions after the parliament approves the schedules related to them.

The head of the Finance Committee, Atwan Al-Atwani, explained that stopping deletions and innovations in state institutions came based on the budget provisions, which included stopping appointments and confiscating job grades from institutions and transferring them to the Ministry of Finance, without using them in deletions and innovations.

He pointed out that this procedure caused a problem in which institutions were unable to benefit from these degrees to appoint graduates or fill vacant positions.

Al-Atwani added: “We are waiting for the budget tables to reach Parliament, as the budget does not allow for appointments, whether on a daily wage, contract basis, or on a permanent basis. However, contracted employees receive their salaries from the government through ministries and institutions, and therefore their confirmation is not considered a new appointment, but rather their inclusion in the job description.”

He pointed out that the Finance Committee is currently communicating with the Ministry of Finance and is awaiting a letter from the State Council to clarify this concept, stressing that there is a clear difference between appointment and permanent employment, calling for the permanent employment of contracted employees within the job description in accordance with the legal frameworks.

As for promotions, Al-Atwani stressed the need to proceed with them after the House of Representatives approves the relevant schedules, expecting the government to send the budget schedules by the middle of this month or before the end of it, which will contribute to addressing these important files.   https://burathanews.com/arabic/economic/457129

The Dollar Rises Again Against The Dinar In Baghdad

Stock Exchange   Economy News – Baghdad  The US dollar exchange rate rose this morning, Tuesday, in Baghdad markets.

The dollar price witnessed a rise in the Al-Kifah and Al-Harithiya stock exchanges, recording 149,250 dinars for every 100 dollars, while yesterday morning, Monday, it recorded 147,700 dinars for every 100 dollars.

The selling prices in the exchange shops in the local markets in Baghdad recorded an increase, as the selling price reached 150,250 Iraqi dinars for 100 dollars, and the purchase price reached 148,250 dinars for 100 dollars.  https://economy-news.net/content.php?id=53124

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-04-25

Good Afternoon Dinar Recaps,

GRAYSCALE PURSUES SIXTH ALTCOIN ETF AS NASDAQ SEEKS TO LIST HEDERA FUND

Approving multiple smaller assets for Grayscale's ETFs could help pave the way for an index ETF, a source told Decrypt.

Crypto asset manager Grayscale Investments is pushing forward with its offerings for altcoins, filing for approval of a new spot Hedera (HBAR) exchange-traded fund (ETF) on Monday.

The Nasdaq Stock Market 19b-4 filing to the U.S. Securities and Exchange Commission marks Grayscale’s sixth altcoin-focused ETF.

The SEC, under the leadership of acting chair Mark Uyeda, has already acknowledged and published filings for ETFs linked to altcoins, pointing to a more supportive stance toward altcoin-based investment products under a Trump administration.

“The biggest benefit to having a lot of smaller assets be approved for an ETF would be that it would pave the way for an index ETF,” Katalin Tischhauser, Head of Research at Sygnum Bank, told Decrypt.

A 19b-4 filing is part of a two-step process to propose a crypto ETF to the SEC, and once acknowledged by the agency, the filing will be published in the Federal Register, initiating the SEC's approval process.

Grayscale’s other spot ETF filings include tracking the performance of Polkadot (DOT), XRP, meme coin Dogecoin (DOGE), Cardano (ADA), and Solana (SOL).

Grayscale was one of the first to file to convert its XRP Trust and Dogecoin Trust into ETFs, and the SEC has already acknowledged those filings along with Solana ETF, adding them to the Federal Register.

The filings for the Polkadot and Cardano ETFs are still in the early stages of regulatory review.

The SEC’s review process typically lasts 45 days from the date of publication in the Federal Register, during which time the commission will consider the filings and invite public comments.

Following this period, the SEC can either approve or reject the proposed rule changes or delay its decision, with the entire process potentially stretching to 240 days.

Grayscale is not the first asset manager to pursue a HBAR ETF. Last month, Nasdaq filed a 19b-4 form with the SEC to list a spot HBAR ETF on behalf of Canary Capital.

As of now, the SEC is still in the process of reviewing the application, and no official approval has yet been granted

Still, Bloomberg Senior ETF Analysts Eric Balchunas and James Seyffart have pointed out that both Hedera and Litecoin have “higher odds than others [ETFs] of approval.”

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

AUSTRALIA’S GOVERNMENT HAS NO PLANS TO ESTABLISH A STRATEGIC CRYPTO RESERVE

The Albanese government has no plans to follow the lead of the Trump administration, which has announced plans to stockpile XRP, Solana, Cardano, Ether and Bitcoin.

Australia’s government is not currently considering a strategic crypto reserve, despite US President Donald Trump announcing the effort in the United States just days earlier.  

US President Donald Trump announced on March 2 that the President’s Working Group on Digital Assets was directed to include XRP, Solana, Cardano, Ether and Bitcoin in the crypto strategic reserve.

A swathe of other US states are also considering adding crypto to their balance sheets.

However, it is understood the current ruling party in Australia has no plans to establish a crypto reserve.

A spokesperson for Australian Assistant Treasurer and Financial Services Minister Stephen Jones told Cointelegraph that the government is focused on regulating digital asset platforms.

“The Albanese Government has consulted on our proposed framework to build a fit-for-purpose digital asset regulatory regime, and we continue to work closely with industry,” the spokesperson said.

“The Albanese Government knows that blockchain and digital assets present big opportunities for our economy, our financial sector and innovation.”

A change of government could be on the horizon for Australia, however. Constitutionally, a new federal election must be held on or before May 17, and the latest YouGov poll shows the center-right coalition holding a slight lead over the center-left Labor government, leading 51% to 49%.

A spokesperson for the Coalition did not immediately respond to a request for comment.

Speaking to Cointelegraph, Tom Matthews, head of corporate affairs at Australian crypto exchange Swyftx, said that while the idea for a reserve is popular, it can also be “fraught with complexity,” and if not managed properly creates the potential for concentration risk with some tokens.

“If one of the main goals of your country’s strategic reserve is to hedge against crises, the price volatility of crypto is a problem. It is just difficult to see where the political traction is going to come from,” he said.

Matthews speculates a more likely scenario is the emergence of a long-only sovereign wealth fund that holds crypto.

Kraken’s managing director for Australia, Jonathon Miller, told Cointelegraph that crypto has already firmly established itself as an investment-grade asset, with ETFs on major exchanges, superannuation funds and sovereign wealth funds already invested for quite some time.

“If it’s suitable for them, it’s certainly worth consideration for long-term asset allocators like the Future Fund and even Treasury,” he said.

It comes as regulators in the country have flagged plans to shift focus toward the crypto industry.

Australian Transaction Reports and Analysis Center CEO Brendan Thomas said in December last year the Anti-Money Laundering regulator was shifting its focus to the cryptocurrency industry in 2025 amid a crackdown on crypto ATM providers who might be flouting Anti-Money Laundering laws.

The Australian Securities and Investment Commission released a consultation paper on proposed guidance for crypto in December as well, placing many digital assets under the category of financial products and requiring firms dealing in crypto to be licensed.

The country has also emerged as a hub for Bitcoin and crypto ATMs, with coin ATM Radar data showing it has the third largest number worldwide at over 1,453 ATMs, up from 67 in August 2022.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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How Could Iraq’s Gold and Oil Catapult the Dinar to Kuwaiti $3.25 Rate—or Far Beyond?

How Could Iraq’s Gold and Oil Catapult the Dinar to Kuwaiti $3.25 Rate—or Far Beyond?

Awake-In-3D  March 3, 2025

As an electrical engineer with a data-driven background and a career founding technology companies, I explore a theoretical scenario where Iraq’s gold and oil resources could revalue the Iraqi dinar (IQD) to $42 against the fiat US dollar.

Grounded in economic principles and Iraq’s tangible assets, this analysis imagines how such a shift might unfold—if conditions align.

Iraq’s resource wealth positions it for a potential economic transformation. Could gold and oil propel the dinar to unprecedented heights? This scenario avoids speculative hype, instead leveraging quantifiable factors to propose a plausible outcome.

Iraq’s Resource Foundation

Iraq holds the world’s fifth-largest proven oil reserves at 145 billion barrels, per the U.S. Energy Information Administration. With oil prices potentially reaching $100 per barrel by early 2026—aligned with forecasts from the International Energy Agency—Iraq aims to boost production to 5 million barrels per day (bpd).

Simultaneously, its gold reserves have grown to 162.7 metric tons by February 2025, according to the World Gold Council. If gold hits $3,000 per ounce by late 2025, as some analysts like Goldman Sachs predict amid inflation and central bank demand, these holdings would be worth $15.7 billion USD.

These assets—oil and gold—form the backbone of a potential currency revaluation.

A Strategic Asset-Backed Approach

Imagine Iraq stabilizing its dinar by backing it with tangible assets, diverging from Kuwait’s managed currency peg of $3.25 USD tied to a currency basket. Iraq might aim for financial independence, leveraging:

• Gold Reserves: 162.7 metric tons, valued at $15.7 billion USD, with a 10% backing (1/10th gram per currency unit) chosen to balance stability and flexibility, inspired by historical gold standards like the U.S.’s 40% pre-1933 model.

• Oil Wealth: A conservative 5% of its 145 billion barrels, or 7.25 billion barrels, valued at $725 billion USD at $100/barrel, pledged to bolster confidence without overcommitting reserves.

Together, these yield $740.7 billion USD in backing assets, a foundation for revaluation.

Policy Mechanism: Redenomination

A key step could be a redenomination, removing three zeros from the dinar, a tactic used successfully elsewhere. Turkey, in 2005, dropped six zeros from its lira, simplifying transactions without altering economic value. For Iraq:

• 1,000 old IQD becomes 1 new IQD.

• Money supply (M2) shifts from 173,686 trillion old IQD to 173.686 billion new IQD, maintaining overall worth.

• This eliminates psychological barriers tied to high denominations, enhancing usability.

The Exchange Rate Calculation

Backing 10% of the new money supply—17.3686 billion new IQD—with $740.7 billion USD yields:

740,7 billion USD 

17.3686 billion new IQD = 42.64 USD per new IQD  

Rounded to $42 USD, this suggests:

• 1 new IQD = $42 USD.

• 1 USD = 0.023 new IQD.

While ambitious, this value reflects Iraq’s resource scale, potentially exceeding Kuwait’s $3.50 peak in 1991, supported by smaller reserves (101.5 billion barrels, negligible gold).

Implementation Steps

For this to work, Iraq would need:

1. Stronger Reserves: Accumulate US dollars, euros, and yuan to buffer global liquidity, akin to pre-euro reserve builds.

2. Oil Expansion: Push production past 5 million bpd, mirroring Saudi Arabia’s export-driven growth.

3. Innovative Tools: Issue oil-backed bonds for investors and a digital dinar, reducing cash reliance, as piloted by nations like China with its e-CNY.

4. Dollar Independence: Deepen trade with BRICS nations, gradually shifting from USD dominance, a trend seen in recent Sino-Iraqi oil deals.

Global and Domestic Implications

If successful:

• Iraqi purchasing power could surge, stabilizing its economy.

• Foreign investors might flock to Iraq as an emerging powerhouse.

• Global markets could adjust, possibly with IMF oversight akin to the euro’s rollout, to manage oil trade shifts.

• Currency traders might see long-speculated gains, though phased implementation would be key.

Risks and Realities

This isn’t guaranteed. Political instability, as seen in Zimbabwe’s failed 2006 redenomination amid hyperinflation, could derail it. Execution demands precise central bank coordination and market acceptance—trade partners might resist a $42 dinar without gradual integration. Skeptics may call $42 unrealistic, but Iraq’s resource wealth, far exceeding Kuwait’s at its revaluation peak, suggests a higher ceiling is plausible under ideal conditions.

Conclusion: A Plausible “What If”?

This scenario hinges on rising gold and oil values, strategic asset backing, and a stable redenomination. While $42 may seem bold, it’s a logical outcome of Iraq’s unique position—145 billion barrels and 162.7 tons of gold dwarf Kuwait’s base. Success requires political will and global cooperation, but if achieved, the dinar could mark a significant shift in modern currency dynamics. The question is when—or if—Iraq seizes this potential.

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© GCR Real-Time News

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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

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.

Mon. 3 March 2025: BREAKING: President Trump Launches “Crypto Strategic Reserve,” Vows to Make U.S. the Global Leader in Cryptocurrency with XRP, SOL, and ADA! – amg-news.com – American Media Group

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

https://www.youtube.com/watch?v=Z0MIYw2THlE

“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.

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

Youtube:     https://www.youtube.com/watch?v=vsAodPZ0qAU

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.

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

~~~~~~~~~

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