Economics, Advice, Personal Finance DINARRECAPS8 Economics, Advice, Personal Finance DINARRECAPS8

You Might Not Make Enough Money To Get Musk’s Potential DOGE Dividend Check

You Might Not Make Enough Money To Get Musk’s Potential DOGE Dividend Check: Here’s the Salary Cutoff

G. Brian Davis  Mon, March 31, 2025  GOBankingRates

James Fishback, an investment manager who briefly worked with Vivek Ramaswamy in the earliest days of the Department of Government Efficiency (DOGE), says the idea of “DOGE dividend” payments came to him in a dream.

Fishback first tweeted about it on X in February: “American taxpayers deserve a ‘DOGE Dividend’: 20% of the money that DOGE saves should be sent back to hard-working Americans as a tax refund check. It was their money in the first place!” Since then, both Elon Musk and President Donald Trump have both aired it as a possibility.

You Might Not Make Enough Money To Get Musk’s Potential DOGE Dividend Check: Here’s the Salary Cutoff

G. Brian Davis  Mon, March 31, 2025  GOBankingRates

James Fishback, an investment manager who briefly worked with Vivek Ramaswamy in the earliest days of the Department of Government Efficiency (DOGE), says the idea of “DOGE dividend” payments came to him in a dream.

Fishback first tweeted about it on X in February: “American taxpayers deserve a ‘DOGE Dividend’: 20% of the money that DOGE saves should be sent back to hard-working Americans as a tax refund check. It was their money in the first place!” Since then, both Elon Musk and President Donald Trump have both aired it as a possibility.

Trump is certainly no stranger to economic stimulus payments. But that doesn’t mean the DOGE dividend would work just like his COVID-19 stimulus checks.

Who Would Be Eligible?

The tax rebate would only go out to American households who pay net-positive taxes.

Low- and moderate-income households often collect more in tax credits than they pay in taxes. The Tax Foundation points out that the bottom 50% of earners in the U.S. pay roughly 3% of the total individual income taxes collected by the IRS.

A analysis by the Pew Research Center found taxpayers earning below $40,000 generally collect more back in tax credits than they pay in taxes. So, these taxpayers would not be eligible for a DOGE dividend check.

While DOGE dividend is a redistribution of wealth, as a tax rebate it would exclude lower earners.

TO READ MORE:  https://finance.yahoo.com/news/might-not-enough-money-musk-120113915.html

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Seeds of Wisdom RV and Economic Updates Monday Evening 3-31-25

Good Evening Dinar Recaps,

TRUMP'S CRYPTO DEALINGS ARE MAKING REGULATION 'MORE COMPLICATED': HOUSE FINANCIAL SERVICES CHAIR

Rep. French Hill offered a rare rebuke of the president’s crypto dealings from within his own party, as multiple crypto bills make their way through Congress.

House Financial Services Committee Chair French Hill (R-AR) said Monday that the personal cryptocurrency dealings of President Donald Trump and his family have made drafting legislation for the novel sector “more complicated,” in a rare rebuke of the president’s personal activities by a key member of congressional Republican leadership.

Good Evening Dinar Recaps,

TRUMP'S CRYPTO DEALINGS ARE MAKING REGULATION 'MORE COMPLICATED': HOUSE FINANCIAL SERVICES CHAIR

Rep. French Hill offered a rare rebuke of the president’s crypto dealings from within his own party, as multiple crypto bills make their way through Congress.

House Financial Services Committee Chair French Hill (R-AR) said Monday that the personal cryptocurrency dealings of President Donald Trump and his family have made drafting legislation for the novel sector “more complicated,” in a rare rebuke of the president’s personal activities by a key member of congressional Republican leadership.

Hill specifically named the president’s meme coin and stablecoin projects as two endeavors that have negatively impacted the work of lawmakers racing to create rules for the digital assets industry.  

“They have made our work more complicated,” Hill told reporters Monday, in reference to those projects.

Since returning to power, Trump and his inner circle have rapidly expanded their crypto portfolios at the same time that the president is determining policies with direct impact on those same assets and sectors.

 In recent monthsTrump and business partners have launched a Solana meme coin and an Ethereum decentralized finance platform called World Liberty Financial, which recently announced its own stablecoin.

Meme coins are speculative crypto assets that derive their value from cultural significance—and which the SEC recently likened to “collectibles”—while stablecoins are digital assets designed to keep a steady peg to the U.S. dollar.

Trump and his family have already netted hundreds of millions of dollars from such endeavors; unrealized earnings from the same projects number in the billions.

Trump’s existing businesses have also aggressively expanded their exposure to crypto in the same period. Last week, the company that runs the president’s Truth Social media platform announced a partnership with Crypto.com to offer crypto ETFs.

Just this morning, the president’s son, Eric and Don Jr, inked a deal to launch their own Bitcoin mining venture.

At the same timethe president has signed multiple executive orders with direct impact on the crypto industryFurtherWhite House officials are currently, at his direction, working with Republicans in Congress to help shape key pieces of legislation that will create, for the first time, an American crypto regulatory regime.

Earlier this month, the president’s AI and crypto czar, David Sacksdismissed the president’s personal crypto endeavors as “irrelevant” to industry regulation.

But it appears patience among congressional Republicans over the scope of those lucrative schemes may be waningThe House Financial Services Committee is set to mark up its version of proposed stablecoin legislation, the STABLE Act, on Wednesday, and will soon consider a newer version of a market structure bill, according to comments made by Chair Hill Monday.

A parallel stablecoin bill is also currently making its way through the SenateSuch bills, if passed into law, would for the first time offer a clear path to legal certainty for a variety of crypto projects and companies, based on their compliance with new rules currently being ironed out. 

Their passage is anticipated to bring with it a wave of investment and support for the crypto industry from traditional finance institutions that until now have been waiting on the sidelines.

Though those bills possess bipartisan support, Trump’s personal business dealings have offered resistant Democrats a convenient means to protest their passage.

Last weekSen. Elizabeth Warren (D-MA) denounced the Trump-backed World Liberty Financial stablecoin, USD1, as a “grift,” and tied the project to pending crypto legislation.

“Congress should step up and fix the current stablecoin bill moving through the Senate that will make it easier for Trump—and Elon Musk—to take control of your money, she said.

@ Newshounds News™
Source:  
Decrypt

~~~~~~~~~

BRICS NATION TURNS TO NORTH KOREA: COULD MEMBERSHIP BE NEARING?

For the first three months of the year, the West and the Global South have been engaged in a notable faceoff. Moreover, with a variety of factors playing into this growing tension, one BRICS nation has turned to North Korea as an unlikely ally as a membership for the country could be nearing.

The alliance has been confronted with an increasingly aggressive US President, Donald Trump. Specifically, Trump has threatened 150% tariffs on the countries for their part in global de-dollarization effortsNow, another aspect of those disagreements could see North Korea become an unlikely ally for the alliance.

BRICS Look to North Korea as Alliance Could Be Forming

The BRICS bloc and the United States have created the basis for a potential trade war in 2025. China has sought to issue reciprocal tariffs as the alliance is caught in the crossfire of the US administration’s aggressive economic policy. Moreover, the bloc has turned to Russia, threatening increased sanctions as a means to fast-track an end to the Ukraine War.

Now, those talks may be continuing to brew a rather surprising allegiance on the global scaleSpecifically, the BRICS bloc has sought out help from North Korea, as rumors of potential membership continue to surface. Indeed, Russia has gone to the nation for help. It is seeking an end to the ongoing Ukraine war on its own terms.

Russian President Vladimir Putin recently suggested that Ukraine be placed under a “temporary administration,” according to reportsMoreover, he noted this would be done “under the auspices of the UN, the United States, European countries, and our partners.”

Moreover, Putin called on specific countries to be involved in the ongoing talks for peace.

 “This is not only the United States but also the People’s Republic of China, India, Brazil, and South Africa—all BRICS countries,” he said. Moreover, he also noted that “the Democratic People’s Republic of Korea” would be included.

Putin’s relationship with the nation has been well documented. Additionally, in his inclusion of the nation, he used its official name. The move could be seen as an attempt to increase strategic cooperation. For Moscowthat may include seeking BRICS membership. However, there is still the belief that it would have a hard time getting full support from other bloc participants.

@ Newshounds News™
Source:  
Watcher Guru

~~~~~~~~~

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Economist’s “News and Views” Monday 3-31-2025

Gold Is Signaling The Endgame: Hyperinflation or Default? | Mario Innecco

Soar Financially:  3-31-2025

Global macro commentator and gold advocate Mario Innecco joins us for an eye-opening conversation on the accelerating unraveling of our monetary system.

 From hyperinflation and default to the role of gold in a potential Bretton Woods 2.0, Mario shares unfiltered insights on what’s really driving global markets.

We discuss the collapse of fiat currency, central bank credibility, the real reason gold is surging, and how silver remains the “banker’s kryptonite.”

Gold Is Signaling The Endgame: Hyperinflation or Default? | Mario Innecco

Soar Financially:  3-31-2025

Global macro commentator and gold advocate Mario Innecco joins us for an eye-opening conversation on the accelerating unraveling of our monetary system.

 From hyperinflation and default to the role of gold in a potential Bretton Woods 2.0, Mario shares unfiltered insights on what’s really driving global markets.

We discuss the collapse of fiat currency, central bank credibility, the real reason gold is surging, and how silver remains the “banker’s kryptonite.”

Whether by design or dysfunction, a new financial era is unfolding — and Mario breaks down what it means for investors navigating extreme macro volatility.

Timestamps (AI generated)

0:00 – Introduction & Guest Welcome

1:12 – Artificial Markets & Hidden Risks

 5:10 – Is the Recession Deliberate?

10:35 – Hyperinflation vs. Default: What’s Coming?

14:30 – Currency Collapse & What You Can Do

20:45 – Tariffs, Trade Wars & the End of Globalization

24:50 – Why Gold Is Exploding Now

28:00 – Fort Knox: Where’s the Audit?

32:00 – Silver’s Role & the Coming Squeeze

35:00 – Bretton Woods 2.0 & the Return of Gold

 38:00 – CBDCs and the Digital Trap

41:46 – Who Should Sit at the Monetary Reset Table?

https://www.youtube.com/watch?v=jJgOM5nauAA

Stock Market Crash, ‘Likely Recession’ After April 2 | Anthony Scaramucci

David Lin:  3-31-2025

Anthony Scaramucci, Former White House Communications Director and Founder of Skybridge Capital, discusses the impact of the trade wars on the economy, stocks, and Bitcoin.

0:00 - Intro

1:00 - Anthony’s White House experience

2:45 - Trade war

 9:29 - TSMC and Taiwan-U.S. relations

12:35 - Bitcoin price prediction

 14:10 - Economy vs. Bitcoin

 17:35 - Skybridge asset allocation

19:02 - Anthony’s life advice

https://www.youtube.com/watch?v=n-pdSJrL6s0

If Fort Knox Is Empty, What Happens to the Dollar?

Lynette Zang:  3-31-2025

In this video Lynette answers a question from our most recent live about Fort Knox not having the gold, and what that would mean for the dollar.

https://www.youtube.com/watch?v=uEOQ9dziJqc

 

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News, Rumors and Opinions Monday PM 3-31-2025

KTFA:

Clare:  Rafidain Bank CEO: The bank is at the beginning of a new phase with greater influence on the Iraqi financial landscape.

3/31/2025

 Rafidain Bank General Manager Ali Al-Fatlawi announced that "the bank is at the beginning of a new phase, one that is more advanced and influential in the Iraqi financial landscape."

Al-Fatlawi said in a press statement, "The bank has witnessed a qualitative transformation in recent years, becoming a pillar of the modern Iraqi banking sector."

KTFA:

Clare:  Rafidain Bank CEO: The bank is at the beginning of a new phase with greater influence on the Iraqi financial landscape.

3/31/2025

 Rafidain Bank General Manager Ali Al-Fatlawi announced that "the bank is at the beginning of a new phase, one that is more advanced and influential in the Iraqi financial landscape."

Al-Fatlawi said in a press statement, "The bank has witnessed a qualitative transformation in recent years, becoming a pillar of the modern Iraqi banking sector."

He explained, "We have contracted with the American University of Baghdad to implement advanced programs in banking management, financial risks, and compliance," noting that "advanced systems have been adopted to combat money laundering and terrorist financing, including the UN-backed GoAML system."

Al-Fatlawi continued, "We launched a team dedicated to developing banking initiatives and contributed to settling electronic payment revenues for most government departments."

He added, "We launched electronic payment services that made it easier for employees and retirees to receive their benefits. We aspire to make Rafidain Bank a model of banking leadership in Iraq and the region."  LINK

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

Clare:  Rafidain Bank General Manager: Financial technology is the future of the banking sector in Iraq.

3/31/2025- Baghdad

Rafidain Bank's General Manager, Ali Al-Fatlawi, confirmed that the bank has witnessed a qualitative transformation in recent years, becoming a pillar of the modern Iraqi banking sector through adopting financial technology, enhancing banking inclusion, and adhering to international standards of integrity and compliance.

Al-Fatlawi said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News," that the success was not merely the result of administrative decisions, but rather an integrated vision based on investing in human capital, building strategic partnerships, and upgrading banking services in accordance with the latest international standards.

Al-Fatlawi believes that no financial institution can achieve success and sustainability without qualified personnel possessing modern skills. Therefore, investing in the development of the bank's employees was one of our main priorities. We allocated large budgets for training, sent our staff to educational programs inside and outside Iraq, and contracted with the American University in Baghdad to implement advanced programs in banking management, financial risks, and compliance.

The General Manager of Rafidain Bank added that enhancing financial integrity was a priority, and we adopted advanced systems to combat money laundering and terrorist financing, including the UN-supported GoAML system, and cooperated with the global company K2 to develop compliance systems. He indicated that these steps strengthened the confidence of international regulatory and banking authorities in the bank and contributed to improving our position in the financial market.

He pointed out that financial inclusion is not an option, but an economic necessity. Therefore, we launched a team specialized in developing banking initiatives and contributed to the settlement of electronic payment revenues for most government departments, which reduced reliance on cash. We also launched electronic payment services that facilitated the easy collection of dues for employees and retirees.

He announced the launch of the ATM service for the first time, and the introduction of a savings card as a new service to enable customers to invest their money intelligently. We are also in the process of issuing a credit card, which will facilitate financial transactions inside and outside Iraq, placing us among the ranks of digitally advanced banks.

The General Manager of Rafidain Bank pointed to the establishment of partnerships with global institutions such as Ernst & Young (EY) to develop banking governance, and with K2 Global to enhance financial compliance, noting that these partnerships have increased the efficiency of our operations and made us more compliant with international banking standards.

He explained that Rafidain Bank is at the beginning of a new, more advanced and influential phase in the Iraqi financial landscape, as we continue to launch digital services, enhance financial inclusion, and expand our international partnerships. He indicated that we aspire to make Rafidain Bank a model of banking leadership in Iraq and the region.   LINK

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

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

Militia Man   Article:  "The Central Bank Will Launch A Major Initiative to Finance Industrial Projects"  This should be a big deal for everybody because it is about doing something different and doing it outside of the tripartite budget...They're going to have to have an international currency to be able to do these new projects...

Mnt Goat  AL-NUSAIRI: 2025 INDICATORS: A STRONG ECONOMY, A RECOVERING DINAR, AND DEVELOPING BANKS.”   Quote:  "... our dinar is recovering and gradually returning towards an exchange rate against the US dollar towards theequilibrium price targeted by the Central Bank."  ...He said “gradual”...Then he talks about an “equilibrium” price that is being targeted by the CBI. ...my CBI contact has been telling us...that the parallel market must be cracked to drive down the informal price of the dollar to the “official” CBI rate. Appears to me they are cracking the parallel market...this will not happen overnight...The CBI is not going to divulge this target rate to us but we do know they told us it is at the “official” rate or very close to it. Then we were told when this happens this will trigger the Project to Delete the Zeros... 

Trump's External Revenue Service (ERS) to Begin with Reciprocal Tariffs

Clear Value Tax:  3-31-2025

https://www.youtube.com/watch?v=TCY3vWOdy_k

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Iraq Economic News and Points to Ponder Monday  Afternoon 3-31-25

Chairman Of The Ports Authority: Revenues Exceeded 400 Billion Dinars In Two Months

Money and Business  Economy News – Baghdad  The head of the Border Ports Authority, Major General Omar Al-Waili, confirmed the completion of the electronic linking process for all land, sea and air border crossings, revealing that revenues exceeding 400 billion dinars were achieved within two months.

Al-Waili said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The authority has completed the process of linking all land, sea, and air border crossings to a unified central operations room, whereby control operations are now managed directly and systematically via an electronic automation system."

Chairman Of The Ports Authority: Revenues Exceeded 400 Billion Dinars In Two Months

Money and Business  Economy News – Baghdad  The head of the Border Ports Authority, Major General Omar Al-Waili, confirmed the completion of the electronic linking process for all land, sea and air border crossings, revealing that revenues exceeding 400 billion dinars were achieved within two months.

Al-Waili said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The authority has completed the process of linking all land, sea, and air border crossings to a unified central operations room, whereby control operations are now managed directly and systematically via an electronic automation system."

He added, "The electronic link covers various regulatory areas, including auditing pre-inspection of goods, auditing the exemption program for imports into the country, and monitoring receipt audits."

Al-Waili explained that "preliminary statistics for the months of January and February of this year, 2025, showed revenues exceeding 400 billion Iraqi dinars," noting that "the authority seeks to double these revenues as part of its strategic plans to bolster the state's resources and control ports more effectively."   https://economy-news.net/content.php?id=53975

Al-Sudani Confirms That The Refineries' Refining Capacity Will Soon Reach 542,000 Barrels Per Day 

energy  Economy News – Baghdad  Baghdad – INA  Prime Minister Mohammed Shia al-Sudani confirmed on Sunday that  refineries' refining capacity will soon reach 1,542,000 barrels per day.
 
The Prime Minister's media office said in a statement seen by Al-Eqtisad News that
 
"Prime Minister Mohammed Shia al-Sudani launched the implementation work on the
 
     Maysan refinery development project, and the
     expansion of its refining capacity from 40,000 barrels to 110,000 barrels per day,
 
during his visit to the governorate, which he arrived at this afternoon." Al-Sudani explained that
 
"Eid this year will be marked by hard work, which will continue across various service and economic sectors." He emphasized that
 
"the Maysan refinery development and expansion project has been one of the stalled projects since 2014, when the government embarked on it as part of its approach to completing all stalled and suspended projects.
 
It will be implemented
 
     through national effort and national cadres, and
     in a record period of 6-8 months."
 
The Prime Minister pointed to the Baiji refinery expansion project, which
 
     added 70,000 barrels per day to refining capacity and
     will be operational within two months.

This project was also completed through national efforts and local expertise,
 
     raising the refining capacity of all Iraqi refineries to 542,000 barrels per day, a
     record level achieved for the first time in the Iraqi oil industry.  He pointed out that
 
"Maysan, which stood up to dictatorship and contributed to building the new Iraq, deserves this attention and care in every respect.
 
The project is part of the government's drive to
 
     achieve self-sufficiency in petroleum derivatives and
     convert 40% of exported oil into petroleum products,
 
due to the significant revenues it generates." He added,
 
"We talked about a 10-year period to achieve this goal, but
 
these projects will account for 40% of our oil exports by 2030.
 
With the Cabinet's approval to resume work on the Maysan refinery project,
 
we are looking at an industrial oil city, qualified to launch petrochemical and fertilizer projects.
 
These projects will provide thousands of direct and indirect job opportunities." The Prime Minister emphasized that
 
"the growth in these projects and programs represents the true reform of the Iraqi economy, which suffers from its
unilateral dependence on oil exports."
 
According to the Prime Minister's Media Office, the
 
Maysan Refinery Development Project, in its two phases, includes the
 
     construction of a new, world-class unit with a capacity of 70,000 barrels per day,
 
     which will contribute to increasing the refinery's capacity.

It will also include the construction of complementary units, including a
     hydrogenation and gasoline improvement unit, an
     FCC unit, a
     gas oil unit, and a
     kerosene unit, in addition to
     environmentally friendly service units.

The project will work to secure the needs of
 
     Maysan Governorate and
     neighboring governorates
 
for petroleum derivatives.
 
https://economy-news.net/content.php?id=53952 

Chairman Of The Ports Authority: Revenues Exceeded 400 Billion Dinars In Two Months

Money and Business   Economy News – Baghdad   The head of the Border Ports Authority, Major General Omar Al-Waili, confirmed the completion of the electronic linking process for all land, sea and air border crossings, revealing that revenues exceeding 400 billion dinars were achieved within two months.

Al-Waili said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The authority has completed the process of linking all land, sea, and air border crossings to a unified central operations room, whereby control operations are now managed directly and systematically via an electronic automation system."

He added, "The electronic link covers various regulatory areas, including auditing pre-inspection of goods, auditing the exemption program for imports into the country, and monitoring receipt audits."

Al-Waili explained that "preliminary statistics for the months of January and February of this year, 2025, showed revenues exceeding 400 billion Iraqi dinars," noting that "the authority seeks to double these revenues as part of its strategic plans to bolster the state's resources and control ports more effectively."   https://economy-news.net/content.php?id=53975

Iraqi Oil Maintains Its Rise In The Global Market

Economy | 03/31/2025   Mawazine News – Baghdad  Basra Heavy and Medium crude oil prices rose during weekly trading on the global market.

Basra Medium crude reached $74.38 per barrel, while Heavy crude reached $71.33 per barrel.

Data showed a slight decline in global crude oil prices, with British Brent crude reaching $73.39 per barrel, while US West Texas Intermediate crude reached $69.01 per barrel. https://www.mawazin.net/Details.aspx?jimare=260454

 

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

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Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-31-25

Good Afternoon Dinar Recaps,

STABLECOINS, TOKENIZED ASSETS GAIN AS TRUMP TARIFFS LOOM

Crypto investors shift into stablecoins and real-world assets as Trump’s April 2 trade tariffs spark volatility and macroeconomic uncertainty fears.

Cryptocurrency investors are increasingly moving capital into stablecoins and tokenized real-world assets (RWAs) in a bid to avoid volatility ahead of US President Donald Trump’s widely anticipated tariff announcement on April 2.

Good Afternoon Dinar Recaps,

STABLECOINS, TOKENIZED ASSETS GAIN AS TRUMP TARIFFS LOOM

Crypto investors shift into stablecoins and real-world assets as Trump’s April 2 trade tariffs spark volatility and macroeconomic uncertainty fears.

Cryptocurrency investors are increasingly moving capital into stablecoins and tokenized real-world assets (RWAs) in a bid to avoid volatility ahead of US President Donald Trump’s widely anticipated tariff announcement on April 2.

Increasingly, more capital is flowing into stablecoins and the real-world asset (RWA) tokenization sectorwhich refers to financial products and tangible assets such as real estate and fine art minted on the blockchain.

“Stablecoins and RWAs continue to see steady inflows of capital as safe havens in the current uncertain market,” crypto intelligence platform IntoTheBlock wrote in a March 31 X post.

“However, because these assets reside on-chain, even slight shifts in sentiment can trigger significant price movements, driven by the lower barriers to reallocating capital in real time,” the firm noted.

The flight to safety is mainly attributed to geopolitical tensions and global trade concernsaccording to Juan Pellicer, senior research analyst at IntoTheBlock:

“Many investors were expecting economic tailwinds following Trump's inauguration as president, but increased geopolitical tensions, tariffs and general political uncertainty are making investors more cautious.”

“This is not unreasonable, as even though global growth forecasts remain positive, growth expectations have decreased globally in recent months,” he added.

The prospect of a global trade war has heightened inflation-related concerns, causing a significant decline in both cryptocurrency and traditional equity markets.

Bitcoin has fallen 19% and the S&P 500 (SPX) index has fallen over 7% in the two months since Trump announced import tariffs on Chinese goods on Jan. 20, the day of his inauguration as president.

The April 2 announcement is expected to detail reciprocal trade tariffs targeting top US trading partnersThe measures aim to reduce the country’s estimated $1.2 trillion goods trade deficit and boost domestic manufacturing.

Investor sentiment pressured by April 2 Trump tariff announcement

Global tariff fears and uncertainty around the upcoming announcement continue to pressure investor sentiment in global markets.

“Risk appetite remains muted amid tariff threats from President Trump and ongoing macro uncertainty,” Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo, told Cointelegraph.

Meanwhile, RWAs reached a new cumulative all-time high of over $17 billion on Feb. 3, and are currently less than 0.5% away from surpassing the $20 billion milestone, according to data from RWA.xyz.

Some industry watchers said that Bitcoin’s lack of upside momentum may drive RWAs to a $50 billion all-time high before the end of 2025, as their increased liquidity will help RWAs attract a significant share of the $450 trillion global asset market.

@ Newshounds News™
Source:  
Cointelegraph

~~~~~~~~~

RHODE ISLAND BILL WOULD ALLOW STATE RESIDENTS SPEND $10,000 MONTHLY IN BITCOIN TAX FREE

A bill introduced to the Rhode Island Senate would enable the state’s residents to spend or sell just under $1,000 in bitcoin 10 times per month without incurring state capital gains taxes.

Bill S. 0451, which was introduced to the Rhode Island Senate last month, permits the state’s residents and businesses to make up to 10 payments in bitcoin valued at less than $1,000 per month (or sell the equivalent amount) without being subject to state capital gains taxes.

The bill is an amendment to existing state income tax laws, and the exact language in the proposed legislation is as follows:

“Any sale of [b]itcoin by an individual or business in Rhode Island shall be exempt from state taxation if the total value of sales is less than one thousand dollars ($1,000) per diem. The limit of the state tax exempt [b]itcoin transaction shall not exceed ten (10) sales per a thirty (30) day cycle.”

And the bill defines a “sale of [b]itcoin” as “any transaction in which [b]itcoin is sold or exchanged for another form of value, such as fiat currency or other physical or digital assets.”

The bill also clarifies that this exemption only applies at the state level and that it doesn’t affect federal tax obligations.

Under the bill, individuals and businesses who engage with these types of tax-exempt bitcoin transactions are responsible for keeping records of these transactions, including the total value of sales per day, and should be prepared to provide these records to the Rhode Island’s department of revenue for audit or compliance purposes.

In a slide deck prepared by the Rhode Island Blockchain Council that was shared with Bitcoin Magazine, Chris Perrotta, Chairman of the Council, wrote that the passing of Bill S. 0451 would help to reduce friction for digital asset payments.

He stated that “current tax implications of spending BTC hamper its utility for Rhode Island citizens and stifle economic activity.

Perrotta also noted that the passing of this bill would stimulate blockchain-based economic activity in the state, making Rhode Island one of the states at the forefront of this technology.

What is more, he also proposed that small businesses accept bitcoin for products and services as a means to stimulate economic growth.

Thus far, no other U.S. states have introduced comparable bills.

At the federal level, the only bill that has proposed something similar is the Lummis-Gillibrand “Responsible Financial Innovation Act”, which provides a de minimus tax exemption on bitcoin transactions valued up to $200.

@ Newshounds News™
Source:  
Bitcoin Magazine

~~~~~~~~~

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When These 4 Things Happen, the Global Monetary Reset Is Complete

When These 4 Things Happen, the Global Monetary Reset Is Complete

Taylor Kenny:  3-30-2025

They won’t hold a press conference to announce the global monetary reset — but it’s already happening.

Four real-time signals are quietly dismantling the financial system as we know it… and almost no one is paying attention.

 If you don’t know what they are, you’re already behind.

When These 4 Things Happen, the Global Monetary Reset Is Complete

Taylor Kenny:  3-30-2025

They won’t hold a press conference to announce the global monetary reset — but it’s already happening.

Four real-time signals are quietly dismantling the financial system as we know it… and almost no one is paying attention.

 If you don’t know what they are, you’re already behind.

 Join Taylor Kenney as she breaks down each signal and what it means for your wealth, your future, and your family.

https://www.youtube.com/watch?v=FeTsmxZ77e4

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

Monday Coffee with MarkZ. 03/31/2025

Monday Coffee with MarkZ. 03/31/2025

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: Happy Monday and last day of March. A new month is upon us and brings a new hope.

Member: Happy Monday…..new start to a new week of waiting.

Member: Anyone think this is our week?

Monday Coffee with MarkZ. 03/31/2025

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: Happy Monday and last day of March. A new month is upon us and brings a new hope.

Member: Happy Monday…..new start to a new week of waiting.

Member: Anyone think this is our week?

Member: I’m hoping this is going to be a great week!!

Member: Hope springs eternal…but boy am I tired.

Member: Did any of your bond contacts receive their money yet Mark? Starting to lose hope.

MZ: How do I say this without getting anybody into trouble?  I will have to think about this…..but I have great hope.

Member: what does your gut say Mark?

MZ: My gut has been notoriously wrong….but based on overwhelming news from bond contacts that they expect full payments this week…..I am looking somewhere around April 8th. So early next week makes sense to me….But remember I have been wrong in the past. 

Member: What does everyone think will happen April 2?

Member: Reciprocal tariffs start…..and lots of msm will lose their minds.

Member; I do not think Nesara will start like many of the rumors over the weekend say it will…..but maybe after the audits of the Fed, The Treasury and Ft. Knox…we will see something happen for us. 

Member: Time to pull the switch on all of this change!

Member: haha, I'm prepared for "liberation day" to be a big nothing burger so getting some libations stocked up!

Member: Why would Trump call April 2nd as "Liberation Day" ? Would that begin the external revenue service where we see DOGE dividend checks? RV happen simultaneously? ?

Member: Anyone know why Trump said Treasury Secretary Bessent is excited about April 2nd??

Member: the trade war is much bigger than anyone thinks. It’s going to cause the worlds markets to go down.

MZ: I think it’s brilliant. We know we need a correction- it is correcting…... We know the stock market is overpriced on stocks versus earnings. This is based on data from the last  94 years. (since 1929)

MZ: At the same time-what else is happening? Stocks are coming down to a more sane  level and a historic rise in metals. For them to reset this……we need a stock market that is valued appropriately. We also need metals to go up to revalue the rate of gold held by the US (It is currently at about $42.00 an ounce) .......

MZ: So gold needs to go up and the market needs to go down. Prices need to deflate back to where they were in the 60’s and 70’s. Those things are happening right now. Gold this morning was $3,127…..we are watching happen what needs to happen. We are watching a reset….but instead of it happening all at one time …We are watching it in slow motion.

Member: Gold Surged up over 3150 this weekend. Rumor is that there was a very important meeting last week with the Chinese Elders and every Treasury department globally. After that meeting, Gold and Silver Surged up.

Member: Would it be possible that the President is going to announce we are back on the Gold Standard on 4/2?

MZ: “ US sets sights on $1.5 Trillion lithium find in McDermott Caldera’s record deposit” This is on the Oregan/ Nevada border and one of the largest lithium deposits found in the US…..……Suddenly many natural resources are being discovered all over the world. ….. Its like they are about to base our wealth on commodities….and go asset backed….everytime in history that fiat has crashed…commodities have always gotten a heck of a boost.

Member: I think we wont see the RV until the budget is balanced…The RV will remove all the foreign debt once the budget is balanced

MZ: That might makes sense. Doge is necessary. They need to fix what is wrong in our government.

Member: The bible says “Don’t put new wine in an old wineskin.”

Member: Maybe things are already being fixed behind the scenes???

Member:  Hearing that Sudani will release the financial reform immediately after Eid. Eid al Fitr will be ending on Liberation Day. Is it possible we see the finish line late on the 2nd?

MZ: it is very possible we see it then. There was a lot of expectation for the weekend. It could be the second but no one knows the timing. Continue to make good decisions and be responsible.

MZ: We absolutely know the system will reset. History shows up that resets are cyclical. They do break and they do reset. We are way past due for a reset.

Member: TNT Posted that 1 and 5 and 10 lower Denomination were released

Member: Tomorrow marks the first day of a new quarter. Shabibi mentioned it starting on a quarter somewhere.

MZ: It would be easiest for them to start then.

Member:  I heard a rumor all contracts in Iraq expire today!!!

MZ: I have not heard that from any of my sources. No one I know agrees with that.

Member: Florida governor this morning talking about eliminating property tax.....

Member: A person named Mel has said a 100T Zim note will be worth about $11 million.

MZ: The lowest I have heard is $11 Million per 1 100T note. I usually hear $30-$50 million. Noone will know for sure until we reach the finish line.

Member: "Luck favors the prepared, dahling" - Edna Mode, The Incredibles

Member: Thank you Mark, for doing your utmost best to keep us sane and hopeful thru all this craziness. you are Greatly Appreciated!

Member: Thank Mark and Mods….Everyone have a wonderful day and see you for coffee tomorrow morning.

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=-UCg7QVi_Lc

 

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

News, Rumors and Opinions Monday 3-31-2025

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 Mon. 31 March 2025

Compiled Mon. 31 March 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 25 March 2025 Mr. Pool: Reports from Reno suggest that the first batches of ZIM holders have been escorted under military guard to classified exchange points. https://t.me/Official_MrPool

Thurs. 27 March 2025 Bruce: Bond Holder Paymasters were saying Bond Holders would have access to their accounts over the weekend. As of ten am Thurs. 27 March 12% of Bond Holders had gone through.

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 Mon. 31 March 2025

Compiled Mon. 31 March 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 25 March 2025 Mr. Pool: Reports from Reno suggest that the first batches of ZIM holders have been escorted under military guard to classified exchange points. https://t.me/Official_MrPool

Thurs. 27 March 2025 Bruce: Bond Holder Paymasters were saying Bond Holders would have access to their accounts over the weekend. As of ten am Thurs. 27 March 12% of Bond Holders had gone through. Multiple sources said Tier4b (Us, The Internet Group) would likely get notification to set appointments very soon. The full revaluation will happen after Tues. 1 April 2025. The month of April will see an increase in Social Security payments. On Thurs. 27 March the 800 number was being loaded into the various systems.

Wed. 2 April 2015 is Liberation Day (the anniversary of the April 2 1792 birth of the US Dollar under a gold and silver standard) when gold/asset-backed monies of Nesara/Gesara would (ALLEGEDLY)be released to The People of the World.

~~~~~~~~~~~

Sat. 29 March 2025 Mayhem with Mel, Shakalaka BOOM Call: https://youtu.be/VSmR4LfsfYs

The Chinese Elders recently did RV changes on the Treaty and all 209 Countries and their treasuries(ALLEGEDLY) re-signed the treaty.

On Tues. 25 March at 2am EST Tier 3 and T4a Paymasters were (ALLEGEDLY)made LIQUID.

RENO is part of the comms for the RV in process. There are four new Earth Regions (North, South, East and West). The Wealth Transfer will go from East to West.

When the price of gold reached $3,15k it was the (ALLEGEDLY)marker to release the Gold Standard.

Notifications for Tier4b to set appointments were(ALLEGEDLY) set to come out on Mon. 31 March 2025.

There were over 10 million currency holders in the US. There were 1,250 currency holders in Australia. The minimum payouts in the US was expected to be $20 million, with $100 billion expected to be paid out in redemption/ exchanges linked to gold.

It will take 60 days to complete the redemption/exchange process.

MarkZ has reported Agro Checks higher than they will ACTUALLY BE….Still will be a very good rate.

Mel will not have the US RATES. She will only REPORT the Australian Rates. Each country will have different rates. ZIM 100 Trillion Notes will be exchanged at $11 million each, not at a 1:1.

Confirmed: each appointment will be between 12-15 minutes, and if you plan to mention your PROJECT there, only use 5 words to describe it, there will be a LIST of 5 level Projects to view at the appointment.

Appointments will have two skilled and trained professionals handling your redemption/ exchanges. There will be major security at every location. You may take your cell phone, and may want to turn it off, for further location purposes.

Your current bank accounts are(ALLEGEDLY) already Quantum. You will have three months to set your bank accounts as you want. No Trust Accounts are required, not even in the US.

Pango and Boulevard Bonds will be truanted.

401K in US will have access to Super Funds, as will Australia

New RETIREMENT AGE is 55

Mel says she is tired of sitting on her findings about the Yellow Dragoon BONDS. Her call confirmed that out of 20 yellow Dragons, maybe four are REAL. She says to take them and all your currency/bonds with you to appointment.

No Red or Black Dragon Bonds have gone through. The Green Dragoon Bonds were very rare. The real ones have specific features that can be found with the appointment machines

Australia has reset. The Australian Dollar is 50-60 cents to the USD.

The Digital Ledger will show your amounts that will be paid to you.

Australia will have a 2 week NDA, larger amounts may have a 12 month NDA.

You will get a GIFT BAG at your appointment containing things you will need, guidelines, etc.

There are five currencies to pay out in Australia: Dinar, Rupee, Zimbabwe, Agro checks and Dong. Australia Rates on the Dinar is $31.42, Dong is $22.33.

New Zealand will have two centers for appointments.

Med Bed System Protocol: Three weeks after your appointment, you will get your Med bed appointment.

Read full post here:  https://dinarchronicles.com/2025/03/31/restored-republic-via-a-gcr-update-as-of-march-31-2025/

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

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

Bruce   [via WiserNow]   The actual full revaluation is supposed to happen...after the first week or so of April, but we don't need all the currencies to be revalued for us to begin our exchanges...we're looking good as everything is  coming together.

Frank26  Sudani has done everything possible to bring security and stability to the monetary reform of the Central Bank of Iraq that is soon to bring you a new exchange rate with purchasing power.  This may be my opinion but the evidence makes it look like a fact.

There are only 4 Ways This Can Go

Heresy Financial:  3-31-2025

TIMECODES

00:00 The Hidden Crisis No One’s Talking About

 00:28 Only 4 Ways Out

 01:03 Option 1: Printing (Inflation)

01:49 Yield Curve Control Explained

 02:34 How the Fed Hid the Cost of Debt

 03:00 Bank Deregulation = Stealth QE

03:58 Who Pays the Price for Inflation?

 04:36 Why Inflation Isn’t the Plan (Yet)

04:39 Option 2: Austerity

 05:13 Why Austerity Hurts Short Term

06:01 Surplus vs. Deficit Explained

07:01 Debt Is Bigger Than Dollars

 07:51 What Happens When Debt Shrinks Money

08:33 Deflation = Economic Death Spiral

09:04 The Borrower’s Worst Nightmare

09:28 Why Austerity Likely Won’t Happen

 09:36 Option 3: Default

09:58 Could the Government Just Not Pay?

10:43 Why Lenders Might Be Left Holding the Bag

11:03 Default Would Break the Financial System

11:25 The U.S. Has Defaulted Before

12:22 Why Future Default Is Unlikely

 12:53 Option 4: Productivity

 13:06 How the U.S. Deleveraged After WWII

13:24 Deregulation = Hidden Growth Trigger

13:55 Government Red Tape Is the Real Tax

14:26 The Boot on the Neck of the Economy

14:42 AI + Energy = Explosive Productivity

15:04 Government Will Tax the Boom

15:54 The Coming Mix of All Four Options

 16:45 Austerity? Don’t Count on It

17:01 Inflation + Productivity = Most Likely Outcome

https://www.youtube.com/watch?v=Vf9sMm6IvbQ

 

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points to Ponder Late Sunday PM 3-30-25

“Al-Sudani Congratulates The Iraqi People And The Islamic Nation On The Occasion Of Eid Al-Fitr

Sunday, March 30, 2025 | Politics Number of reads: 153   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani congratulated the Iraqi people and the Islamic nation on the occasion of Eid Al-Fitr.

Al-Sudani said in a tweet on the X website: On the occasion of Eid Al-Fitr, we pray to God Almighty to bless its days for our honorable Iraqi people, and for the entire Islamic nation, and to accept our obedience, good deeds and striving to please Him, and to spread peace and security throughout the world.

“Al-Sudani Congratulates The Iraqi People And The Islamic Nation On The Occasion Of Eid Al-Fitr

Sunday, March 30, 2025 | Politics Number of reads: 153   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani congratulated the Iraqi people and the Islamic nation on the occasion of Eid Al-Fitr.

Al-Sudani said in a tweet on the X website: On the occasion of Eid Al-Fitr, we pray to God Almighty to bless its days for our honorable Iraqi people, and for the entire Islamic nation, and to accept our obedience, good deeds and striving to please Him, and to spread peace and security throughout the world.

He added: We renew our commitment to implementing the government program in all its service, social and economic dimensions, and to continue working at all times and circumstances without stopping, and to exert all efforts for reconstruction and development, in accordance with what is required by the supreme interests of our people and the aspirations of all its sons. / End https://ninanews.com/Website/News/Details?Key=1195036

The Central Bank To Nina: We Will Launch A Major Initiative To Finance Industrial Projects
Sunday, March 30, 2025 | Economic Number of reads: 394  Baghdad / NINA / The Central Bank of Iraq announced its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.

The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the National Iraqi News Agency ( NINA ), "We are currently making arrangements to finance major industrial projects through coordination between the Trade Bank of Iraq and the Industrial Bank, by taking advantage of the liquidity available at the Trade Bank of Iraq and recycling these funds in the Industrial Bank to launch a major initiative to finance industrial projects in Iraq, which will see the light soon."

He added, "This initiative was recently proposed by the Council of Ministers, within the framework of the government banking sector reform program and government procedures with the Central Bank, indicating that the Council of Ministers agreed to have cooperation between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank."

He explained that "all other projects are financed according to their sectoral channels, within the general government direction to support industrial, agricultural, housing, education, health, investment and other projects." / End  https://ninanews.com/Website/News/Details?Key=1194954

Iraq's Oil Exports To The US Exceeded Those Of Saudi Arabia Last Week

Sunday, March 30, 2025| Economic Number of reads: 309  Baghdad / NINA / The US Energy Information Administration announced, on Sunday, that Iraq's oil exports to America during the past week amounted to more than 200,000 barrels per day, exceeding Saudi Arabia's exports.

The administration said in a table, "The average US imports of crude oil during the past week from ten major countries amounted to 5.648 million barrels per day, up by 975,000 barrels per day from the previous week, which averaged 4.673 million barrels per day."

It added that "Iraq's oil exports to America rose, reaching an average of 203,000 barrels per day, thus exceeding Saudi Arabia's oil exports to America, which amounted to 144,000 barrels per day."

The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Mexico, then Brazil and Venezuela."

According to the table, "the amount of US imports of crude oil continued from Colombia, Saudi Arabia, Ecuador, Libya and Nigeria." / End  https://ninanews.com/Website/News/Details?key=1194895

Oil Prices Fall Below $73 A Barrel

Economy | 30/03/2025  Mawazine News – Baghdad  Oil prices witnessed a significant decline on Sunday in evening trading after 2:00 PM GMT, affected by several pressure factors, most notably escalating concerns about new tariffs imposed by the United States, rising US oil inventories, and OPEC's decision to increase production.

According to market data, Brent crude futures for June 2025 delivery fell by $0.58, or 0.79%, to reach $72.76 per barrel. West Texas Intermediate (WTI) crude futures for June 2025 delivery also fell by $0.56, or 0.80%, to reach $69.36 per barrel.

These declines come after Washington announced the imposition of additional tariffs on energy imports from Canada, Mexico, and China, raising investor concerns about the repercussions of this move on global demand levels.

In the same context, data from the US Energy Information Administration revealed a greater-than-expected rise in US crude oil inventories during the week ending March 7, increasing by 1.4 million barrels to 435.2 million barrels.

OPEC's decision to increase its oil production by 138,000 barrels per day starting next April added further pressure on prices, amid expectations that this will impact market balance in the coming period.https://www.mawazin.net/Details.aspx?jimare=260444

Exchange Rates In Iraq: 148,500 Dinars To $100 

Economy |  03/30/2025  Mawazine News – Baghdad  The US dollar exchange rate against the Iraqi dinar remained volatile at exchange shops and companies in Baghdad.
The selling rate was 148,500 dinars for $100, while the buying rate was 146,500 dinars for $100.

This rise comes amid a relative buying activity and retail activity among citizens in a number of shopping malls coinciding with the advent of Eid al-Fitr.  https://www.mawazin.net/Details.aspx?jimare=260428

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

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

Seeds of Wisdom RV and Economic Updates Monday Morning 3-31-25

Good Morning Dinar Recaps,

CALIFORNIA INTRODUCES ’BITCOIN RIGHTS’ IN AMENDED DIGITAL ASSETS BILL

California Democrat Avelino Valencia has amended a money transmission bill to make Bitcoin and crypto rights a major focus, potentially benefitting the state’s 39.4 million residents.

A Californian lawmaker has just added Bitcoin and crypto investor protections to a February-introduced money transmission bill aimed at securing crypto self-custody rights for the US state’s nearly 40 million residents.

Good Morning Dinar Recaps,

CALIFORNIA INTRODUCES ’BITCOIN RIGHTS’ IN AMENDED DIGITAL ASSETS BILL

California Democrat Avelino Valencia has amended a money transmission bill to make Bitcoin and crypto rights a major focus, potentially benefitting the state’s 39.4 million residents.

A Californian lawmaker has just added Bitcoin and crypto investor protections to a February-introduced money transmission bill aimed at securing crypto self-custody rights for the US state’s nearly 40 million residents.

California’s Assembly Bill 1052 was introduced as the Money Transmission Act on Feb. 20, 2025, but was amended by Democrat and Banking and Finance Committee chair Avelino Valencia on March 28 to include several Bitcoin  and crypto-related investor protections.

The amendments remove the term “Money Transmission Act,” renaming the legislation to “Digital Assets.”

“California often sets the national blueprint for policy, and if Bitcoin Rights passes here, it can pass anywhere,” Satoshi Action Fund CEO Dennis Porter said in a March 30 statement.

“Once passed, this legislation will guarantee nearly 40 million Californians the right to self-custody their digital assets without fear of discrimination.”

The bill would also deem the use of a digital financial asset as a valid and legal form of payment in private transactions and would prohibit public entities from restricting or taxing digital assets solely based on their use as payment.

The bill would also expand the scope of California’s Political Reform Act of 1974 to prohibit a public official from issuing, sponsoring or promoting a digital asset, security or commodity.

“A public official shall not engage in any transaction or conduct related to a digital asset that creates a conflict of interest with their public duties,” one section of the AB 1052 states.

AB 1052 is now in the “desk process — meaning the bill has been formally introduced and is awaiting its first reading.

A total of 99 merchants currently accept Bitcoin payments in California, BTC Maps data shows.

Ripple Labs, Solana Labs and Kraken are among the largest crypto firms based in California.

A stablecoin-related bill was also introduced in California on Feb. 2, 2025, which aims to provide more clarity over stablecoin collateral requirements, liquidation processes, redemption and settlement mechanisms requirements and security audits.

Bitcoin-related bills and measures near 100 at the US state level

According to Bitcoin Law, 95 Bitcoin-related bills or measures have been introduced at the state level in 35 states, including 36 Bitcoin reserve bills that are still live.

The Texas Senate passed a Bitcoin strategic reserve bill in a 25-5 vote on March 6, while Kentucky Governor Andy Beshear signed a Bitcoin Rights bill into law on March 24.

Earlier this month, US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, both of which will initially use cryptocurrency forfeited in government criminal cases.

@ Newshounds News™
Source:  
Cointelegraph

~~~~~~~~~

JAPAN EYES GIVING CRYPTO ASSETS LEGAL STATUS: REPORT

Japan plans to reclassify cryptocurrencies as financial products and implement insider trading restrictions similar to those for traditional financial markets, Nikkei reported Sunday.

For these changes, Japan's Financial Services Agency (FSA) is looking to submit legislation to its parliament as early as 2026, following closed-door consultations with industry experts.

The proposed changes would revise the Financial Instruments and Exchange Actpositioning digital assets differently from securities while acknowledging their investment characteristics.

While specific criteria on the restriction remain under consideration, Nikkei reports that those would likely "resemble" what's already in place for "conventional financial products."

Japan's Financial Instruments and Exchange Act regulates securities and financial instruments categorizing them as either traditional, "Paragraph I Securities" (like bonds and shares) or "Paragraph II Securities" (including trust interests and partnership stakes).

The Act establishes distinct regulatory requirements for public offerings versus private placements, with public offerings generally requiring securities registration statements and continuous reporting.

Meanwhile, collective investment schemes, which proof-of-stake chains could fall under, are used for real estate securitization in Japan. Those face operator registration requirements with specific exemptions only available for qualified institutional investors.

The regulatory shift comes as Japan opens up to crypto adoption, establishing new frameworks and acknowledging how crypto has expanded its use cases from payments to investments and more, urging regulators to redefine how they oversee the sector.

Crypto investments are taxed "up to 55%" in the country, while financial products such as ETFs "face only 20% capital gains tax," Tiger Research senior research analyst Jay Jo told Decrypt.

With better safety measures and if lowered alongside how financial products are treated, this could "attract more institutions to crypto investments," Jo said.

Late last year, Japanese lawmakers urged their regulators to pursue a National Bitcoin Reserve. The country is also home to Metaplanet, a Bitcoin treasury company that has acquired 3,350 BTC so far with plans to add more.

@ Newshounds News™
Source:  
Decrypt

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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