Iraq Economic News and Points to Ponder Monday Afternoon 4-7-25
An Economic Expert Told Al Furat News: Iraq's Hoarding Of Gold Will Spare It The Risks Of Customs Duties.
Time: 2025/04/07 20:08:16 Reading: 210 times {Economic: Al Furat News} Economic expert Basem Jamil Antoine believes the US move to impose tariffs represents a financial and economic coup that will have a direct impact on the global economy, given the United States' economic and military capabilities.
In a statement to Al Furat News Agency, Antoine pointed out the direct impact of these policies on gold prices, which are considered an alternative to the dollar and the euro for hoarding.
An Economic Expert Told Al Furat News: Iraq's Hoarding Of Gold Will Spare It The Risks Of Customs Duties.
Time: 2025/04/07 20:08:16 Reading: 210 times {Economic: Al Furat News} Economic expert Basem Jamil Antoine believes the US move to impose tariffs represents a financial and economic coup that will have a direct impact on the global economy, given the United States' economic and military capabilities.
In a statement to Al Furat News Agency, Antoine pointed out the direct impact of these policies on gold prices, which are considered an alternative to the dollar and the euro for hoarding.
Regarding Iraq, he stated that the Iraqi dinar faces challenges in this context, as land and real estate cannot be directly acquired due to time and tax procedures.
He pointed out that the growing global demand for gold will lead to a significant rise in its prices in the coming period, especially as countries shift towards precious metals.
Regarding Iraq, Antoine explained that the country has accumulated significant quantities of gold, placing it third or fourth in the Arab world in terms of gold reserves. LINK
Gold Prices Fall To Their Lowest Level In More Than Three Weeks
Economy | 09:16 - 04/07/2025 Mawazine News – Baghdad Prices were affected by a broad sell-off in global markets, amid growing fears of an economic recession due to escalating trade tensions between the United States and China.
Spot gold fell 0.3% to $3,027.90 per ounce, after falling more than 1% earlier in the session, its lowest level since March 13. https://www.mawazin.net/Details.aspx?jimare=260607
Iraqi Markets Traded More Than 555 Million Shares At This Value
Stock Exchange Economy News – Baghdad Iraq's stock market traded more than 555 million shares during Monday's trading session. The value of traded shares amounted to more than 741 million dinars, traded in 561 transactions. The ISX 60 index fell to -0.44% from yesterday's session, Sunday.
https://economy-news.net/content.php?id=54189
Exchange Rates Hit 149,000 Dinars Per $100 In Baghdad
Economy | 05:04 - 04/07/2025 Mawazine News – Baghdad The US dollar exchange rate against the Iraqi dinar remained volatile as trading closed on the Al-Kifah Stock Exchange.
Exchange offices recorded a selling rate of 149,000 dinars for $100, while the buying rate reached 147,000 dinars for $100.
This disparity has left most local markets in a state of stagnation for a long time, affected by the rising US currency exchange rate. https://www.mawazin.net/Details.aspx?jimare=260619
Parliamentary Finance Committee: Launching The Banking Reform Plan Is The Beginning Of Economic Reform
Banks Economy News – Baghdad Parliamentary Finance Committee Chairman Atwan al-Atwani affirmed on Monday that the launch of the banking reform plan is the beginning of reforming the Iraqi economy.
In a speech at the Iraqi Banking Sector Reform Conference, attended by an Al-Eqtisad News correspondent, Al-Atwani said, "Developing the banking sector is a fundamental pillar for developing the Iraqi economy beyond oil revenues."
The head of the Finance Committee called for "diversifying revenue sources to cover the financial deficit."
He pointed out that "the reform and development process must be accompanied by engagement with international banks to regulate foreign remittances." He stressed that "unofficial border crossings cause a waste of public money." https://economy-news.net/content.php?id=54179
The Central Bank announces a comprehensive reform project for the private banking sector
Economy | 04/07/2025 Mawazine News – Baghdad The Central Bank of Iraq (CBI) unveiled reform plans aimed at modernizing the Iraqi private banking sector and building a robust, modern, and resilient banking sector that drives economic growth and enhances financial inclusion, in partnership with Oliver Wyman Consulting.
The plans include strengthening and deepening financial inclusion in Iraq, raising the efficiency and productivity of the private banking sector, and creating a fair and healthy competitive environment in the market, while enhancing the sector's resilience and ability to withstand risks.
According to a CBI statement, this project will contribute to enhancing the protection of depositors and creditors, while financial education campaigns will help restore confidence in dealing with banks.
Payment systems will be modernized to facilitate efficient and reliable transactions for both businesses and individuals, in addition to expanding the financial infrastructure, including increasing the network of branches and ATMs.
The CBI statement indicated that a prerequisite for the success of the plans is requiring all banks to comply with a set of standards and participate actively in the sector's transformation process.
The Central Bank confirmed that the key banking standards to be implemented will set maximum ownership limits to prevent excessive control (concentration) by any single entity or related parties, in addition to ensuring the presence of competent and independent boards of directors, with suitability tests being applied to all key leadership positions.
Banks will be required to adopt sustainable and viable business models by submitting consistent detailed business plans, strategic plans, financial forecasts, organizational structure, technology implementation plans, and operational management plans.
Capital adequacy and liquidity ratios will be maintained in line with global best practices to ensure banks' resilience in the face of financial crises.
The reform process will be a multi-stage journey, during which private banks will be assessed for their compliance with the required standards at various stages of the reform process. The first evaluation cycle is expected to begin in the first quarter of 2026. https://www.mawazin.net/Details.aspx?jimare=260609
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Monday Afternoon 4-7-25
Good Afternoon Dinar Recaps,
US FEDERAL AGENCIES TO REPORT CRYPTO HOLDINGS TO TREASURY BY APRIL 7
While federal agencies are required to report their holdings to the Treasury secretary, they are not required to disclose their holdings to the public.
US federal agencies are expected to disclose their cryptocurrency holdings to the Department of the Treasury by April 7, following an executive order signed by President Donald Trump earlier this year.
Good Afternoon Dinar Recaps,
US FEDERAL AGENCIES TO REPORT CRYPTO HOLDINGS TO TREASURY BY APRIL 7
While federal agencies are required to report their holdings to the Treasury secretary, they are not required to disclose their holdings to the public.
US federal agencies are expected to disclose their cryptocurrency holdings to the Department of the Treasury by April 7, following an executive order signed by President Donald Trump earlier this year.
Citing an unidentified White House official, journalist Eleanor Terrett reported that the deadline for federal agencies to report their crypto holdings to Treasury Secretary Scott Bessent is April 7.
The disclosures will remain confidential for now. “Unclear as of now if and when the findings could be made public,” Terrett wrote.
Crypto disclosure follows Bitcoin Reserve establishment
The reporting requirement followed an executive order signed on March 7 that directed the creation of a Strategic Bitcoin Reserve and a broader Digital Asset Stockpile. The Bitcoin reserve will be seeded with BTC forfeited to federal agencies through civil or criminal asset seizures.
White House AI and crypto czar David Sacks described the reserve as a “digital Fort Knox for the cryptocurrency,” saying that the US will not sell any BTC held in the reserve. “It will be kept as a store of value,” Sacks added.
Sacks previously lamented the US government’s sales of 195,000 BTC for $366 million. The official said the BTC sold by the US government could’ve gone for billions if it had only held on to the assets.
The reserve will initially be seeded by the BTC kept by the Treasury, while the other federal agencies will “evaluate their legal authority” to transfer their BTC into the reserve.
Regarding the digital asset stockpile, Sacks said it would promote “responsible stewardship” of the government’s crypto assets under the Treasury.
On March 2, Trump said that the crypto reserve would include assets like XRP, Solana and Cardano. The president later added Ether and Bitcoin to his crypto reserves list.
Crypto plunges as Trump tariffs shock global stocks
While Trump’s election may have positively impacted crypto markets, the US president’s next move has resulted in a market crash.
On April 5, the Trump administration hit all countries with a 10% tariff. Some countries were given higher rates, including China at 34% and Japan at 24%. The European Union was also hit with a 20% tariff.
Following Trump’s move, the overall crypto market capitalization declined by over 8%, slipping to $2.5 trillion.
@ Newshounds News™
Source: CoinTelegraph
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RIPPLE CEO ASKS IMF IF THEY’LL HOLD XRP—CLIP SENDS XRP ARMY INTO OVERDRIVE
▪️Ripple boss’ question regarding the position of IMF on XRP has ignited excitement within the ecosystem as analysts hint at a “grand plan” behind the scenes.
▪️According to a legal representative of the IMF, its legal framework demands that at least one country should adopt a crypto asset as a currency before the institution can make a decision to hold it.
Ripple CEO Brad Garlinghouse has elated enthusiasts as he asks the Deputy General Counsel in the International Monetary Fund’s (IMF) Legal Department, Ross Leckow, whether they have an interest in holding XRP.
In an X post shared by analyst Xaif, this discussion occurred at the Singapore Fintech Festival. Leckow, who prefaced his response, highlighted that he does not want to delve deep into the IMF’s position.
However, his conservative approach and reaction to this question, according to Xaif, implies that the IMF is making a significant move behind the scenes. Following his feedback, Garlinghouse humorously stated that Leckow appeared speechless at his question.
To clarify the confusion, the IMF’s legal team representative explained that its operation under the existing legal framework demands that at least a country has to legally recognize a digital asset as its official currency before the IMF could hold a crypto asset.
While no major economy has officially adopted a digital asset, several countries have taken the initial step to integrate blockchain-related solutions into their financial systems. Additionally, the US has taken the bold decision to create a strategic Bitcoin reserve, increasing the odds of future adoption as an official currency.
The IMF’s position on crypto integration has always been clear. According to them, their adoption could affect the effectiveness of monetary policy transmission, fiscal sustainability, as well as capital flow management measures due to their volatile nature.
Speaking at a joint conference with the South Korean government and central bank In 2023, the IMF’s Kristalina Georgieva stressed the need to avoid the negative effects of cryptos.
Our goal is to make a more efficient, interoperable and accessible financial system by providing rules to avoid the risks of crypto, and infrastructure by leveraging some of its technologies.
Garlinghouse Makes a Case for XRP
Garlinghouse earlier spoke comprehensively about the role of XRP during an event which had the IMF and the Swiss National Bank participating. As detailed in our last news piece, Garlinghouse explained that the creation of XRP was influenced by developers who recognized the limitations of Bitcoin. According to him, Bitcoin has scalability issues coupled with slow and expensive transactions.
Also, Garlinghouse spoke about how the traditional banking system has failed to fully serve some countries and payment systems. To address these challenges, he highlighted that XRP ensures that liquidity access is democratized while improving financial inclusion.
As featured in our recent coverage, the Ripple boss is expected to make more disclosure about upcoming updates and the ongoing development around the ecosystem in the much anticipated XRPL Apex 2025.
Following the recent discussions with the IMF legal representative and the hype surrounding Leckow’s reactions, XRP investors made a marginal move into the market, pushing the price up by 1.8% in just 24 hours. At press time, the asset was trading at $2.1 with a market cap of $124 billion.
According to our recent analysis, XRP could stage a bullish reversal to $6 in the short term once the market regains momentum.
@ Newshounds News™
Source: Crypto News Flash
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“Bits And Pieces” in Dinarland Monday Afternoon 4-7-2025
Gold Telegraph: The Fort Knox Question, Prelude to a New System?
4-7-2025
THE FORT KNOX QUESTION: PRELUDE TO A NEW SYSTEM?
In 1944, the world’s most powerful leaders gathered in Bretton Woods to discuss the future and write the rules of a new global monetary order.
There’s one critical detail many forget…
The United States controlled the lion’s share of the world’s gold, granting it the power to influence the outcome and define the system itself.
Gold Telegraph: The Fort Knox Question, Prelude to a New System?
4-7-2025
THE FORT KNOX QUESTION: PRELUDE TO A NEW SYSTEM?
In 1944, the world’s most powerful leaders gathered in Bretton Woods to discuss the future and write the rules of a new global monetary order.
There’s one critical detail many forget…
The United States controlled the lion’s share of the world’s gold, granting it the power to influence the outcome and define the system itself.
Fast forward to today:
• The President of the United States is calling for an audit of the gold held in Fort Knox.
The current Treasury Secretary?
• He says he has been called gold bug throughout his career.
With the trade war now in full swing, change is certainly in the air.
According to a top economic adviser to the U.S. President, more than 50 countries have approached the United States to begin trade talks.
Are we getting closer to a Bretton Woods moment?
We very well could be.
The U.S. Treasury Secretary previously said:
“We will need a grand global economic reordering, and I’d like to be a part of it. I’ve studied this.”
Last week, Scott Bessent explained in an interview with @TuckerCarlson why gold remains so interesting and also pointed out that the entire global trading system was once anchored to gold until Nixon took the U.S. off the standard.
The world is shifting.
Quietly, but unmistakably.
Nations are accumulating gold, questioning old alliances, and preparing for a future no longer tethered to the previous rules.
What once seemed unshakable is now under review, from Fort Knox to the foundations of international trade.
We’ve seen this before.
Power consolidates, confidence erodes, and a new system emerges, often born not in the spotlight but behind closed doors.
The question now isn’t if we’re approaching another Bretton Woods moment.
The question is:
Who will define it this time?
Source(s):
https://x.com/GoldTelegraph_/status/1909068358970122540
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...we can see the potential in Iraq and we must dispel these negative attitudes that the RV will never happen or it will take years more...This Iraqi dinar is not a get rich quick scheme, although if you decide to stick out the ride, you may be rich beyond your wildest dreams... We are witnessing a new age for America and Iraq unfolding in front of our eyes...There is a huge change underway, not coming, but here already begun. It is happening NOW! ...when you...put the pieces together, they tell...a wonderful story and the picture of the puzzle finally comes clearer... Our investment is sound and we can see the path to the RV...
Militia Man Al Sudani's tone got my attention today. He speaks of radical reform changes to come. It should grab everybody's attention when this man talk with purpose like that. Like it or not radical change is coming to Iraq. The Development Road Project is going to be a really big deal. It's not going away...It's front and center. That should have everybody as excited as I am because it's welcoming to see the amount of things we are watching being accomplished that we have never seen before.
JP Morgan & BlackRock Just Dumped 1M Shares To Kill Silver & It Just Backfired HARD | Andy Schectman
Two Dollars investing: 4-7-2025
JP Morgan and BlackRock just unleashed a MASSIVE 1 million share dump to crush the silver market—but it just backfired in spectacular fashion.
Andy Schectman breaks down the shocking manipulation attempt and what it means for physical silver, SLV, and the COMEX.
Meanwhile, global demand is exploding, delivery pressure is mounting, and central banks are quietly accumulating behind the scenes. Is this the beginning of the end for paper silver?
Monday Coffee with MarkZ. 04/07/2025
Monday Coffee with MarkZ. 04/07/2025
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: Good Morning…Rainy days and Mondays always get me down…lol….
Member: I had a dream where I was on a roller coaster and kept hearing keep arms and legs inside the ride at all times until the ride comes to a complete stop. oh wait.
Monday Coffee with MarkZ. 04/07/2025
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: Good Morning…Rainy days and Mondays always get me down…lol….
Member: I had a dream where I was on a roller coaster and kept hearing keep arms and legs inside the ride at all times until the ride comes to a complete stop. oh wait.
MZ: I am in the US right now. My niece is getting married on Saturday. So schedule may be shorter or different this week.
MZ: I did know some Wealth management/redemption center folks working yesterday in preparation. They believe they will have a very busy week later on in this week.
MZ: On the bond side is where we are seeing the most action.
MZ: Many bond contracts expect to be done this week. I have a contact expecting to complete tomorrow. Real dollars. All my bond contacts are very excited.
MZ: I was told that they will not accept any new bonds until this summer after the historic bonds that have already been confirmed have gone. I am also told they will be going after “flippers” or shutting down the ability for flippers to buy bonds and resell them….in other words from now on only sovereigns will redeem these historic bonds.
Member: Once bonds pay…currency next? (Exciting) What does your gut say Mark?
MZ: this is just a guess….but if bonds go this week… We may go towards the end of the week……hopefully
Member: My gut says April 8th is the day.
MZ: That’s what many bond contacts are thinking.
Member: Markz…are there any advantages for the bonds ppl to exchange in Zurich over US? Wondering why they are going there…thank you
Member: I have tried to play the devil’s advocate- but I still come to a posititive outlook. Things appear to be leading us to what we are waiting for…RV and Nesara/Gesara
MZ: That’s a good point you are making. Everyone needs to throw out all those negative thoughts
Member: Glenn Beck said today that we are in the Global Currency Reset of the Global Currency Reset. We're in the very beginning stages of the GCR.
Member: Closed Door Fed meeting in DC is at 11:30 today
MZ: Yes this is very curious. DC contacts are telling me they are expecting this closed door emergency Fed meeting today.
Member: Judy Shelton had interesting thoughts on x over the weekend
Member: What should we expect the market to be doing today????
Member: Many economists think today may be a “Black Monday” for the stock market today.
Member: Dow just bouncing up and down wildly today!
Member: 3rd day of selling, so might be a dead-cat bounce
MZ: Metals are going up as the world braces for changes…IMO this is all part of the correction that will lead to the RV. Many people on pins and needles this week as it all shakes out.
Member: My bank in the UAE is advertising multi-currency accounts now. Also, new currency has been replacing the old for the past 6 months
Member: (From Dinar Guru) Mnt Goat ...we can see the potential in Iraq and we must dispel these negative attitudes that the RV will never happen or it will take years more...This Iraqi dinar is not a get rich quick scheme, although if you decide to stick out the ride, you may be rich beyond your wildest dreams... We are witnessing a new age for America and Iraq unfolding in front of our eyes...There is a huge change underway, not coming, but here already begun. It is happening NOW! ...when you...put the pieces together, they tell...a wonderful story and the picture of the puzzle finally comes clearer... Our investment is sound and we can see the path to the RV...
MZ: That’s a good one
MZ: in Iraq: ” Parliament Finance: The launch of the reform plan for banks is the beginning of economic reforms” This is all over the news in Iraq right now
MZ: “The central bank of Iraq unveils the plan to reform the private banking sector” This is the final reforms for the “white papers” and lift the purchasing power of all Iraqis.
MZ: They are still talking about the I-dinar program they unleashed a few years ago. They are about to go to a combination of gold asset based currency backed by gold, assets and a basket of regional currencies. This will be far more stable then Kuwait when they revalued their currency. The I-dinar will be on a blockchain ledger tracking their assets. Their cash bills will represent a digital token. They are designing a really cool system for the i-dinar. They are telling us what they are doing.
Member: Mark- will we exchange before Easter?
MZ: I think there is a good chance this year we could exchange before easter.
Member: Easter this year is an astronomical event! First Sunday after a full moon after the Spring solstice!!
Member: Thank you Mark, Mods and Everyone, God Bless and Much Love
Member: Mark thank you for taking time out of your day to speak with us and keep us up to date
Mod: JUST SO YOU KNOW> > >THERE IS NO PODCAST TONIGHT> > SO SWEET DREAMS TO YOU!!!
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
News, Rumors and Opinions Monday 4-7-2025
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. 7 April 2025
Compiled Mon. 7 April 2025 12:01 am EST by Judy Byington
WARNING: There were those posing as me in my legal name of Judy Byington who were asking people to sign up for the Quantum Financial System. I know nothing of this. If someone contacts you saying they were Judy Byington and wanted your personal information to sign up for anything, please understand that would not be me and they were likely wanting your personal information for nefarious purposes…Judy Byington
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. 7 April 2025
Compiled Mon. 7 April 2025 12:01 am EST by Judy Byington
WARNING: There were those posing as me in my legal name of Judy Byington who were asking people to sign up for the Quantum Financial System. I know nothing of this. If someone contacts you saying they were Judy Byington and wanted your personal information to sign up for anything, please understand that would not be me and they were likely wanting your personal information for nefarious purposes…Judy Byington
Global Financial Crisis:
Sun. 6 2025 CNBC’s Jim Cramer Warns of ‘Black Monday’-Style Market Crash Amid Trump Tariff Shock …QFS on Telegram
CNBC host and veteran market analyst Jim Cramer has issued a dramatic warning following President Trump’s sweeping new tariff policy, cautioning that the economic shock could rival the infamous Black Monday crash of 1987. In a heated segment, Cramer called the administration’s actions “a direct hit on the global economy” and said investors should brace for “violent volatility.”
The warning comes just days after Trump announced a baseline 10% tariff on all imports, with elevated rates targeting key trade rivals like China. Markets responded swiftly and sharply: the S&P 500 dropped 6%, the Nasdaq 5.8%, and the Dow plummeted over 2,200 points in a single session — the worst trading day in years.
Cramer compared the sudden economic jolt to the events of October 19, 1987, when the stock market crashed by over 22% in one day. “We are entering dangerous territory,” he said. “You cannot shock the system this violently and expect orderly reactions. We’re playing with fire.”
While the Trump Administration insists the tariffs are necessary to protect U.S. jobs and sovereignty, critics like Cramer warn of rising inflation, supply chain disruptions, and a possible recession. JPMorgan recently raised the probability of a U.S. recession to 60% in response to the unfolding trade war.
As global markets continue to reel, Cramer’s prediction hangs in the air: “This could be the beginning of something much worse if cooler heads don’t prevail — and fast.”
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Restored Republic: WHITE SWAN Initiated – Trump’s Final Operation Is Underway. …Quantum Financial System on Telegram
March 29, 2025. Etch it into your memory. History will remember this date, even if the world around you pretends it never happened. The silence in the media is deafening because what’s unfolding now is not a drill—it’s the real thing. The world is being quietly but forcefully reshaped by an operation decades in the making. “WHITE SWAN” has been initiated. And this isn’t just a military maneuver—it’s the final stage of a spiritual war that has lasted generations. Trump didn’t just return. He never left.
GESARA is no longer theory—it’s becoming structure. As the dark web of globalist power dissolves, the Quantum Financial System quietly takes its place. The IRS is losing grip. Central banks are bleeding. Gold is no longer an antique—it’s the backbone of what’s coming. Trump’s team, alongside the Global Military Alliance, has already begun simulations for debt cancellation and asset redistribution.
Stay grounded. Stay alert. Because “WHITE SWAN” isn’t a warning—it’s a signal. The last move before checkmate. The final gust that clears the board. Hold the line. The world we were promised is no longer a dream—it’s rising through the shadows, unstoppable, unshakable. And nothing can stop what is coming.
Read full post here: https://dinarchronicles.com/2025/04/07/restored-republic-via-a-gcr-update-as-of-april-7-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Article: "Vietnam identifies 40 gold mines with 30 tons of estimated reserves" Quote: "A comprehensive mineral survey of northern Vietnam discovered 40 gold mines with total estimated reserves of nearly 30 tons, the Vietnam Geological and Mineral Department announced recently." THIS IS GOING TO AFFECT THE DONG
Militia Man The bottom line is we know Iraq is ready to be an international entity into the global financial system.
Guru Clare Article: "One of them is 'historic' and relates to electricity. Iraq is about to sign new agreements with the United States." Quote: "a large delegation of American companies will arrive in the Iraqi capital next week to explore new opportunities in the Iraqi market."
Black Monday 2.0: Bloodbath In Global Markets Today | Michael Gayed
David Lin: 4-7-2025
Michael Gayed, publisher of the Lead-Lag report, discusses the worst downturn in the stock market since 2022.
The Fed Lost $77 Billion Last Year... And Counting
Heresy Financial: 4-7-2025
TIMECODES
00:00 The Fed Is Losing Billions
00:05 Why This Chart Looks Like a Crash
00:26 What These Losses Actually Mean
00:48 The Real Cost in 2023 and 2024
01:26 How the Fed Actually Makes Money
01:50 The Fed’s Balance Sheet Explained
02:46 Money Creation and Disappearing Dollars
03:23 The Fed’s $6.5 Trillion in Debt Assets
04:06 Printing vs. Earning Interest
04:56 Why the Fed Pays Banks Interest
05:18 What the Fed Really Controls
05:53 Hidden Costs: Economists and Dividends
06:45 Where Fed Profits Used to Go
07:19 What If the Fed Bought All U.S. Debt?
08:22 Why the Fed Is Bleeding Money
09:14 Printing to Pay Banks
09:50 Will the Fed Turn Profitable Again?
10:22 When Will Profits Go Back to the Government?
11:02 The Bigger Picture: Debt, Deficits & Inflation
11:53 How to Survive the System That Exists
Iraq Economic News and Points to Ponder Monday AM 4-7-25
A Sudden Decision: Stopping The Supply Of Dollars To Travelers At The Official Exchange Rate.
Time: 2025/04/06 Read: 1,395 times {Local: Al Furat News} An informed source reported on Sunday that the relevant authorities have stopped supplying travelers with US dollars at the official exchange rate of 1,320 dinars per dollar.
The source told Al-Furat News, "It was decided to stop supplying travelers with dollars at the official exchange rate of 1,320 dinars."
A Sudden Decision: Stopping The Supply Of Dollars To Travelers At The Official Exchange Rate.
Time: 2025/04/06 Read: 1,395 times {Local: Al Furat News} An informed source reported on Sunday that the relevant authorities have stopped supplying travelers with US dollars at the official exchange rate of 1,320 dinars per dollar.
The source told Al-Furat News, "It was decided to stop supplying travelers with dollars at the official exchange rate of 1,320 dinars."
The source explained that "this step came as a result of the lack of sufficient quantities of the currency available to the relevant authorities, amid growing demands from exchange companies to provide dollars on a continuous basis to meet travelers' needs." LINK
The Dollar Exchange Rate Rose Against The Dinar In Baghdad And Erbil
Sunday, April 6, 2025, | Economic Number of readings: 53 Baghdad/ NINA / The exchange rates of the dollar rose against the dinar, Sunday afternoon, in the markets of Baghdad and Erbil governorates, coinciding with the closing of the stock exchange.
The dollar prices recorded an increase with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,600 dinars for every $100, while the prices recorded this morning were 147,300
dinars for every $100. Selling prices in exchange shops in the local markets in Baghdad witnessed an increase, as the selling price reached 148,500 dinars for every $100, while the purchase price reached 146,500
dinars for every $100. In Erbil, the dollar also recorded an increase, as the selling price reached 147,400 dinars for every $100, and the purchase price reached 147,300 dinars for every $100. /End
https://ninanews.com/Website/News/Details?key=1195976
Iraq's Gold Reserves Have Declined, Prompting Local Sales.
Time: 2025/04/06 Read: 2,730 times {Economic: Al Furat News} The World Gold Council announced today, Sunday, that Iraq's gold reserves have decreased by 100 kilograms.
According to observers, the 100 kilogram shortage in Iraq's gold reserves is due to its domestic use and sale in the form of gold bullion.
According to the latest table published by the Council in April, Iraq's gold holdings decreased by 100 kilograms to 162.6 tons, down from 162.7 tons the previous month. This represents 14.5% of its remaining reserves.
The Council added that Iraq maintained its 28th place on the list out of 100 countries, indicating that Iraq came in fourth place among Arab countries after Saudi Arabia, Lebanon, and Algeria.
The Council also noted that the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133,000 tons, followed by Germany with 3,351,000 tons, then Italy with 2,451,000 tons, while Iceland comes in last with two tons.
It's worth noting that the World Gold Council is headquartered in the United Kingdom and possesses extensive experience and in-depth knowledge of the factors driving market change. Its members comprise some of the world's largest and most advanced gold mining companies. LINK
Iraqi Oil Exports To The US Declined Last Week
Sunday, April 6, 2025 | Economic Number of reads: 295 Baghdad / NINA / The US Energy Information Administration announced a decline in Iraqi oil exports to the United States during the past week.
The administration said in a table that "the average US imports of crude oil during the past week from ten major countries amounted to 6.197 million barrels per day, an increase of 549 thousand barrels per day compared to the previous week, which amounted to 5.648 million barrels per day."
It added that "Iraq's oil exports to America decreased, reaching an average of 132 thousand barrels per day, down from last week, which averaged 203 thousand barrels per day."
The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Mexico, Brazil, and then Saudi Arabia."
According to the table, "the amount of US imports of crude oil continued from Colombia, Venezuela, Libya, Ecuador, and Nigeria." / End https://ninanews.com/Website/News/Details?key=1195886
The Prime Minister Chairs The Regular Session Of The Higher Authority For Coordination Between Governorates
Sunday, April 6, 2025 | Politics Number of reads: 213 Baghdad/ NINA / Prime Minister Mohammed Shia al-Sudani chaired the regular session of the Supreme Council for Coordination between the Governorates./End
https://ninanews.com/Website/News/Details?key=1195943
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Monday Morning 4-7-25
Good Morning Dinar Recaps,
CRYPTO NEWS TODAY: SEC’S MARK UYEDA INVESTIGATES BILL HINMAN’S 2018 ETHER SPEECH
Big news from the SEC—Acting Chair Mark Uyeda has asked the team to take a fresh look at how the government is currently handling crypto risks and regulations. This comes as part of an effort to align with Executive Order 14192, which focuses on cutting red tape and making regulations more business-friendly.
Good Morning Dinar Recaps,
CRYPTO NEWS TODAY: SEC’S MARK UYEDA INVESTIGATES BILL HINMAN’S 2018 ETHER SPEECH
Big news from the SEC—Acting Chair Mark Uyeda has asked the team to take a fresh look at how the government is currently handling crypto risks and regulations. This comes as part of an effort to align with Executive Order 14192, which focuses on cutting red tape and making regulations more business-friendly.
One of the first targets is the 2019 Framework for Investment Contract Analysis of Digital Assets. This document was based on a 2018 speech by former SEC official Bill Hinman, where he suggested that whether a crypto token is considered a security depends more on how centralized the project is, rather than how it was sold. That idea has been pretty controversial in the crypto world, and it looks like the SEC is ready to reconsider it.
Uyeda isn’t just looking at Bill Hinman’s 2018 crypto speech—he’s also reviewing key documents, including:
▪️A 2022 guide for crypto companies on market chaos and bankruptcies.
▪️A 2021 risk alert about crypto investor threats due to unclear rules.
▪️A 2020 memo questioning if banks can legally hold digital assets.
▪️A 2021 advisory on mutual funds investing in Bitcoin futures.
▪️A 2020 note on COVID-19’s impact on company disclosures.
The review aims to roll back some of the stricter rules put in place during Gary Gensler’s time as SEC Chair. Gensler was known for his tough stance on crypto, which many felt was more about blocking innovation than protecting investors. His approach even got called “arbitrary and capricious” by courts more than once.
Now, with Uyeda leading the charge and folks like Hester Peirce and Paul Atkins pushing for more transparency, it looks like the SEC is opening up. They’ve been holding crypto roundtables, meeting with industry leaders, and even had a sit-down with BlackRock recently to discuss crypto ETFs and related issues.
It’s clear the SEC is starting to clean house, getting rid of outdated rules, and making room for a crypto-friendly future. Investors and crypto enthusiasts are definitely watching closely to see what changes come next.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
GEORGIA MOVES TO ADD BLOCKCHAIN, CRYPTOCURRENCY, AND WEB3 TO SCHOOL CURRICULUM
Georgia moves to add blockchain and crypto lessons in schools to prepare students for careers in the digital economy.
▪️Georgia plans to teach blockchain and crypto in schools to prepare students for future careers.
▪️Lawmakers want students to build digital skills early to close the gap in modern education.
▪️Georgia aims to lead in blockchain by adding lessons in schools and supporting crypto policies.
Lawmakers believe schools must adapt to this financial shift. Including digital asset education will help students understand decentralized systems and digital currencies. The proposal highlights that students need skills to navigate the complex world of blockchain and crypto.
Bridging the Digital Knowledge Gap
This initiative seeks to unite traditional education models with emerging digital asset technology. The early introduction of these learning concepts helps students establish fundamental skills in new technologies. Lawmakers believe this step plays a vital role in creating a workforce ready to use emerging technology.
The resolution points out the importance of equipping students for jobs in blockchain and crypto industries. With industries adopting digital solutions, Georgia wants its students ready to lead. Schools would play a key role in shaping future innovators and professionals.
Following Global Educational Trends
Georgia’s plan follows global movements toward digital literacy in schools. For example, France has introduced Bitcoin studies in high schools. Students there explore whether Bitcoin could replace traditional currency systems.
Georgia’s resolution reflects similar goals. It seeks to ensure that students understand blockchain’s uses beyond just finance. The focus remains on preparing young learners for careers in multiple sectors that use blockchain technology.
Bipartisan Interest in Digital Legislation
The implementation of blockchain education programs by Georgia forms part of an ongoing statewide legislative agenda. Two Bitcoin Reserve Bills known as SB 178 and SB 228 were introduced to the legislative body recently. The two Bitcoin Reserve Bills demonstrate the existing bipartisan agreement about integrating Bitcoin into Georgia’s financial framework.
SB 178 enables the state treasurer to make Bitcoin investments as part of their financial portfolio. SB 228 establishes specific regulations regarding Bitcoin’s usage as well as its storage methods and transaction processes. The proposed legislation seeks to improve state finance capabilities and make the state more robust to economic changes.
Expanding Blockchain Applications
The blockchain initiatives in Georgia extend their scope into multiple sectors beyond educational and financial domains. Blockchain technology unlocks solutions to improve operations within healthcare systems, finance institutions, and supply chain management processes. Its transparent and secure nature improves data integrity and transaction security.
Lawmakers recognize these benefits and continue exploring blockchain’s potential. As global blockchain markets grow, Georgia positions itself as a leader in innovation. By integrating blockchain into education, the state prepares students to thrive in a digital economy.
@ Newshounds News™
Source: Crypto News Land
~~~~~~~~~
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“Tidbits From TNT” Monday Morning 4-7-2025
TNT:
Parliamentary Finance Committee: Launching the banking reform plan is the beginning of economic reform.
Parliamentary Finance Committee Chairman Atwan al-Atwani affirmed on Monday that the launch of the banking reform plan is the beginning of reforming the Iraqi economy.
In a speech at the Iraqi Banking Sector Reform Conference, attended by an Al-Eqtisad News correspondent, Al-Atwani said, "Developing the banking sector is a fundamental pillar for developing the Iraqi economy beyond oil revenues."
The head of the Finance Committee called for "diversifying revenue sources to cover the financial deficit."
TNT:
Parliamentary Finance Committee: Launching the banking reform plan is the beginning of economic reform.
Parliamentary Finance Committee Chairman Atwan al-Atwani affirmed on Monday that the launch of the banking reform plan is the beginning of reforming the Iraqi economy.
In a speech at the Iraqi Banking Sector Reform Conference, attended by an Al-Eqtisad News correspondent, Al-Atwani said, "Developing the banking sector is a fundamental pillar for developing the Iraqi economy beyond oil revenues."
The head of the Finance Committee called for "diversifying revenue sources to cover the financial deficit."
He pointed out that "the reform and development process must be accompanied by engagement with international banks to regulate foreign remittances."
He stressed that "unofficial border crossings cause a waste of public money." link
Tishwash: Launching a private banking reform plan in partnership with Iraqi and international institutions.
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the launch of a comprehensive plan to reform private banks, in partnership with local and international institutions. He emphasized that the next phase will witness a qualitative shift in the nature of banking services, based on innovation and digital transformation.
During the Iraqi Banking Sector Reform Conference, which was attended by an Al-Eqtisad News correspondent , Al-Alaq said that Iraqi banks have made significant strides in developing their banking services, but they are required to further embrace modern technology. He emphasized that artificial intelligence must be at the core of future investments in the banking sector.
He added: "The world is witnessing a broad transformation in the financial structure and banking systems, which requires traditional banks to keep pace with this radical change by offering innovative services that meet customer aspirations amidst the tremendous technological acceleration."
The Central Bank Governor indicated that digital currencies will play a vital role in accelerating payment and money transfer transactions, requiring banks to develop their digital infrastructure.
He also noted that central bank digital currencies (CBDCs) could reshape the global banking landscape, adding: “Successful banks of the future will be those that embrace digital transformation tools and integrate artificial intelligence into their daily operations. link
************
Tishwash: Iraq's gold reserves drop by 100 kilograms
The World Gold Council announced on Sunday that Iraq's gold reserves had decreased by 100 kilograms.
According to the latest table published by the Council in April, "Iraq's gold holdings decreased by 100 kilograms, reaching 162.6 tons, down from 162.7 tons the previous month. This represents 14.5% of its remaining reserves."
He added, "Iraq maintained its 28th place on the list out of 100 countries included in the table," noting that "Iraq came in fourth place among Arab countries after Saudi Arabia, Lebanon, and Algeria."
The Council also noted that "the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133,000 tons, followed by Germany with 3,351,000 tons, then Italy with 2,451,000 tons, while Iceland comes in last with two tons."
The 100-kilogram shortage in Iraq's gold reserves is due to its domestic use and sale in the form of gold bullion, according to Shafaq News Agency's economic correspondent.
It's worth noting that the World Gold Council is headquartered in the United Kingdom and possesses extensive experience and in-depth knowledge of the factors driving market change. Its members comprise some of the world's largest and most advanced gold mining companies. link
************
Tishwash: Prime Minister’s Advisor Reveals Plan to Merge Rafidain and Rashid Banks
Advisor to the Prime Minister and Executive Director of the Reform Management Cell, Amer Al-Adhadh, revealed plans to merge Rafidain and Rashid Banks. While addressing the government's achievements in the field of economic reforms, he explained the contents of the "House of Reform" project and its importance to the investment file. He also outlined the contents of the draft law on public-private partnerships, which aims to enhance the investment environment in Iraq.
Al-Adhadh told Al-Shabaka magazine, as reported by the Iraqi News Agency (INA), in his talk about the “Reform House” project, “This project is not just a government program, but rather a comprehensive roadmap aimed at achieving sustainable development through interconnected goals, one of which is activating human capital and enhancing national competencies.”
He added, "Economic reforms cannot succeed without a legal and regulatory environment that attracts investment, which is what the government is working towards through this project."
Regarding cooperation with the World Bank, Al-Adhadh stated, "The World Bank commended the reforms implemented by the Iraqi government, including the "House of Reform" policies that support sustainable development, and cooperation focuses on supporting financial reforms, providing technical advice, and financial assistance to enhance the stability of the Iraqi economy and improve financial governance systems."
Al-Adhadh also noted that "the government has made significant progress in preparing the draft law on public-private partnerships, which is an essential part of the government's program. This partnership aims to enhance cooperation between the government and the private sector, particularly in infrastructure, transportation, and energy projects, thus contributing to stimulating the national economy and achieving sustainable development."
Regarding the issue of restructuring the banking sector, Al-Adhadh revealed a plan to merge Rafidain and Rashid Banks into a single entity with the aim of improving Iraq's credit rating and increasing international confidence in the banking sector. He noted that an international consulting firm has been commissioned to oversee the merger process, which includes improving financial and administrative performance and developing the digital infrastructure.
The Prime Minister's advisor also addressed the issue of economic diversification, stressing that "the government has achieved a significant increase in non-oil revenues, which is an important achievement within the framework of the income diversification strategy." He noted that "the government is focusing on improving tax administration, developing customs duties, and stimulating investment in non-oil sectors such as industry, agriculture, tourism, and technology, to ensure the sustainability of these revenues."
Al-Adhadh confirmed that "the economic reforms implemented by the government contribute to strengthening the investment environment and achieving sustainable economic growth, ensuring Iraq has a stronger and more diversified financial future." link
Mot: AND!!! -- another ole ""MOT Tip"" - How to Avoid - Stress!!!!
Mot: . Dating Today!!! -- siigghhhhhh
MilitiaMan & Crew: Iraq-Rashid & Rafidain Bank Merger-Investment Fund-Gateway to Development-USA Senior Delegation-IQD
MilitiaMan & Crew: Iraq-Rashid & Rafidain Bank Merger-Investment Fund-Gateway to Development-USA Senior Delegation-IQD
4-6-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew: Iraq-Rashid & Rafidain Bank Merger-Investment Fund-Gateway to Development-USA Senior Delegation-IQD
4-6-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Sunday Night “Humor While We Wait” Posted by Mot at TNT
TNT:
Mot: ... Took hammer away from midget - ((( HUH?? )))
After every flight, UPS pilots fill out a form, called a "gripe sheet" which tells mechanics about problems with the aircraft. The mechanics correct the problems, document their repairs on the form, then pilots review the gripe sheets before the next flight.
Never let it be said that ground crews lack a sense of humor. Here are actual maintenance complaints submittd by UPS pilots ("P") and solutions recorded ("S") by maintenance engineers:
P: Left inside main tire almost needs replacement.
S: Almost replaced left inside main tire.
TNT:
Mot: ... Took hammer away from midget - ((( HUH?? )))
After every flight, UPS pilots fill out a form, called a "gripe sheet" which tells mechanics about problems with the aircraft. The mechanics correct the problems, document their repairs on the form, then pilots review the gripe sheets before the next flight.
Never let it be said that ground crews lack a sense of humor. Here are actual maintenance complaints submittd by UPS pilots ("P") and solutions recorded ("S") by maintenance engineers:
P: Left inside main tire almost needs replacement.
S: Almost replaced left inside main tire.
P: Test flight OK, except auto-land very rough.
S: Auto-land not installed on this aircraft.
P: Something loose in cockpit
S: Something tightened in cockpit
P: Dead bugs on windshield.
S: Live bugs on back-order.
P: Autopilot in altitude-hold mode produces a 200 feet per minute descent
S: Cannot reproduce problem on ground.
P: Evidence of leak on right main landing gear.
S: Evidence removed.
P: DME volume unbelievably loud.
S: DME volume set to more believable level.
P: Friction locks cause throttle levers to stick.
S: That's what friction locks are for.
P: IFF inoperative in OFF mode.
S: IFF always inoperative in OFF mode.
P: Suspected crack in windshield.
S: Suspect you're right.
P: Number 3 engine missing.
S: Engine found on right wing after brief search.
P: Aircraft handles funny.
S: Aircraft warned to: straighten up, fly right, and be serious.
P: Target radar hums.
S: Reprogrammed target radar with lyrics.
P: Mouse in cockpit.
S: Cat installed.
P: Noise coming from under instrument panel. Sounds like a midget poundng on something with a hammer.
S: Took hammer away from midget
Mot: “Sir, may I see your driver’s license?”
A police officer pulled over a car for speeding and approached the driver’s side window.
Officer: “Sir, may I see your driver’s license?”
Driver: “I don’t have one. Got suspended after my fifth DUI.”
The officer narrowed his eyes. Not good.
Officer: “Alright… can I see the registration for this vehicle?”
Driver: “Not my car. I stole it.”
The officer stiffened. This just got worse.
Officer: “You’re telling me this car is stolen?”
Driver: “Yep. But now that you mention it, I think I saw the owner’s registration in the glove box—right next to my gun.”
Officer: “There’s a GUN in the glove box?!”
Driver: “Yes, sir. That’s where I put it after I shot the woman who owns this car and stuffed her in the trunk.”
The officer backed away slowly and immediately called for backup. Within minutes, multiple squad cars arrived, lights flashing. The captain himself stepped out, approaching cautiously.
Captain: “Sir, may I see your license?”
The driver shrugged and handed it over. It was valid.
Captain: “And this car? Who does it belong to?”
Driver: “Me, of course. Here’s the registration.”
The captain examined the papers—everything checked out.
Captain: “Would you mind opening the glove box? We were told there’s a gun in there.”
Driver: “Sure, but there’s no gun.”
The officer opened the glove box. Empty.
Captain: “Alright… now, can you pop the trunk?”
The driver complied. The trunk swung open—completely empty. No sign of a body.
The captain turned to his officer, arms crossed. “I don’t get it. This officer said you told him you didn’t have a license, stole the car, had a gun in the glove box, and a body in the trunk.”
The driver shook his head and smirked.
Driver: “Yeah, and I bet the liar told you I was speeding too!”
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 4-6-25
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ACTING SEC CHAIR UYEDA DIRECTS STAFF TO REVIEW STATEMENTS ON CRYPTO RISKS, SECURITY LAWS
▪️Acting SEC chair Mark T. Uyeda directed SEC staff on Saturday to review several staff statements concerning cryptocurrency regulation, including letters that warn investors of risks from crypto investing and one that provides detailed guidance for applying the Howey test to digital assets.
▪️The letters, which were compiled with the help of recommendations from the Department of Government Efficiency (DOGE), will be reviewed and “…modified or rescinded consistent with current agency priorities,” Uyeda’s statement said.
Good Afternoon Dinar Recaps,
ACTING SEC CHAIR UYEDA DIRECTS STAFF TO REVIEW STATEMENTS ON CRYPTO RISKS, SECURITY LAWS
▪️Acting SEC chair Mark T. Uyeda directed SEC staff on Saturday to review several staff statements concerning cryptocurrency regulation, including letters that warn investors of risks from crypto investing and one that provides detailed guidance for applying the Howey test to digital assets.
▪️The letters, which were compiled with the help of recommendations from the Department of Government Efficiency (DOGE), will be reviewed and “…modified or rescinded consistent with current agency priorities,” Uyeda’s statement said.
Acting Securities and Exchange Commission (SEC) Chair Mark T. Uyeda directed agency staff on Saturday to review several previously issued staff statements regarding cryptocurrency investment and the application of securities laws to digital assets.
The directive, issued in accordance with Executive Order 14192—titled "Unleashing Prosperity Through Deregulation"—follows recommendations from the Department of Government Efficiency (DOGE). Uyeda noted that the staff statements will be examined to determine if they should be "modified or rescinded" to align with the current priorities of the agency.
Among the key documents slated for review, originally published in 2019, provides detailed guidance for assessing whether a digital asset is considered a security under the Howey test, which determines whether an investment involves an expectation of profits based primarily on the efforts of others.
The application of Howey with respect to digital assets is a hotly-debated legal matter, though the SEC has made some recent clarifications, noting that memecoins are largely exempt from securities laws.
Another significant staff statement under review is a 2021 SEC staff statement that strongly advises investors to exercise caution when investing in mutual funds with exposure to the Bitcoin futures market. This statement highlighted the speculative nature of Bitcoin futures, stressing the risk of market manipulation, liquidity constraints, and volatility, particularly for mutual funds.
The SEC had expressed reservations about whether the Bitcoin futures market was sufficiently mature to support exchange-traded funds (ETFs) and other investment products without compromising investor protections, though in the time since the letter, spot Bitcoin and Ethereum ETFs have amassed tens of billions in value.
Uyeda's directive also includes reviewing guidance issued in late 2022 following high-profile cryptocurrency bankruptcies. That guidance urged companies with exposure to crypto markets to transparently disclose potential impacts to investors, highlighting risks related to custody, liquidity, reputational damage, and regulatory scrutiny.
Uyeda also flagged a Risk Alert from February 2021, warning of "unique risks to investors" from digital asset trading, and a 2020 statement from the staff of the Division of Investment Management inviting industry feedback on Wyoming's statement allowing state-chartered trust companies to custody digital assets. Uyeda also directed staff to review two statements regarding COVID-19.
The SEC is currently experiencing a staff "exodus" as hundreds of staffers take buyout offers, Reuters recently reported. More than 600 people have accepted voluntary buyout offers and agreed to leave the SEC, according to the report, more than 12% of the agency's staff. The SEC could not be immediately reached for comment by The Block.
@ Newshounds News™
Source: The Block
~~~~~~~~~
WHAT ARE SEC’S NEW “COVERED STABLECOINS”? TETHER’S USDT MAY NOT QUALIFY!
▪️The SEC clarified that some stablecoins meeting strict criteria may not be securities.
▪️This new guidance is welcomed by some for providing clarity but criticized by others for oversimplifying risks.
▪️Tether is reportedly considering launching a new USD-backed stablecoin to comply with the SEC's guidelines.
In a rare and clear move, the U.S. Securities and Exchange Commission (SEC) has introduced new guidance that could significantly impact the stablecoin market. The agency said that certain stablecoins – now called “covered stablecoins” – may not be treated as securities, as long as they follow strict conditions.
The crypto industry has already begun to respond. Tether, one of the largest stablecoin issuers, is reportedly considering changing its strategy to fit within the SEC’s new framework.
“Covered Stablecoins are not marketed as investments; rather, they are marketed as a stable, quick, reliable and accessible means of transferring value, or storing value and not for potential profit or as investments,” the SEC stated.
What Exactly Is a “Covered Stablecoin”?
The SEC explained that covered stablecoins are not offered as investment products. Instead, they’re presented as a stable, fast, and accessible way to send or store money—not something to make a profit from.
To qualify as a covered stablecoin, the token must meet several key requirements:
▪️Be fully backed 1:1 by the U.S. dollar
▪️Be supported by low-risk, highly liquid assets
▪️Be redeemable at full value at any time
These stablecoins must not offer interest, promise profits, give voting rights, or represent any form of ownership. They are meant strictly for use in payments, transfers, or storing value—not as investments.
Since they’re sold as “digital dollars” and not investment opportunities, the SEC says these stablecoins don’t count as securities under U.S. law. This kind of clarity is unusual for the SEC, which often takes a more cautious or enforcement-first approach to crypto.
Mixed Reactions from Experts
David Sacks, a White House crypto advisor, welcomed the update. He said it offers much-needed clarity and reduces regulatory hurdles for dollar-backed stablecoins that are fully supported by safe assets. He also noted that these types of tokens would no longer need to register under the Securities Act.
However, SEC Commissioner Caroline Crenshaw disagreed. She warned that the guidance oversimplifies how stablecoins actually work and overlooks key legal issues. Crenshaw argued that the risks involved are being downplayed, and the update could create confusion about how these tokens function.
Tether Faces New Challenges
The new rules may benefit stablecoins like USDC, but they raise concerns for Tether’s USDT. That’s because the SEC doesn’t allow stablecoins to be backed by assets like cryptocurrency or gold—both of which are included in USDT’s reserves.
According to Forbes reporter Nina Bambysheva, Tether is now exploring the idea of launching a new stablecoin that would fully follow U.S. rules. This new coin would be backed only by cash and U.S. Treasuries, marking a major shift for the company.
Crypto analyst Novacula Occami also noted that Tether’s use of Bitcoin and gold in its reserves could make USDT ineligible for the “covered stablecoin” label. That could expose it to stricter regulations under U.S. securities law.
Tether’s Plan for a U.S.-Compliant Stablecoin
Despite the potential regulatory pressure, Tether doesn’t seem too worried about a possible U.S. ban on USDT. According to CTO Paolo Ardoino, the company is already thinking ahead and preparing to launch a separate U.S.-compliant stablecoin.
Ardoino said USDT will likely remain focused on emerging markets, while the new stablecoin would be designed specifically for the U.S. market and built to comply with American regulations.
Even as the wider crypto market struggles through a difficult first quarter, stablecoins are seeing strong growth. Daily usage continues to rise, and the stablecoin market added over $30 billion in Q1 alone – showing that demand remains high despite broader market uncertainty.
It’s not every day the SEC speaks plainly on crypto – so when it does, the industry listens!
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
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