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(Note: If you’re looking for more news regarding cryptocurrency, please visit our website Bitcoin Commando. All crypto news will be posted there. ~ Dinar Chronicles)
Seeds of Wisdom
CONGRESS PUSHES 5 URGENT BANKING REFORMS TO STOP DEBANKING
Lawmakers are demanding urgent FDIC action to end “debanking,” warning that unchecked regulatory power threatens financial access and could be weaponized against lawful businesses.
Lawmakers are demanding urgent FDIC action to end “debanking,” warning that unchecked regulatory power threatens financial access and could be weaponized against lawful businesses.
5 Recommendations to End ‘Debanking’: Congress Pressures FDIC to Act Now
House Financial Services Committee Chairman French Hill, along with Representatives Dan Meuser, Andy Barr, and Bryan Steil, have urged the Federal Deposit Insurance Corporation (FDIC) to implement clearer regulations on digital assets.
In a letter addressed to FDIC Acting Chairman Travis Hill, the lawmakers expressed concerns over reports that federal regulators have pressured banks to deny services to cryptocurrency-related businesses, a practice known as “debanking.”
Emphasizing transparency and accountability in financial oversight, they warned of potential future misuse of regulatory authority, stating:
We are concerned that if we do not make the necessary changes, future Administrations will continue to operate under the Choke Point playbook using the supervisory process to debank disfavored industries.
The lawmakers proposed five key recommendations for the FDIC.
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First, they urged the agency to require all banking supervisory guidance to be written and made public, preventing the use of informal verbal-only directives.
Second, they called for financial institutions to provide a clear rationale when closing customer accounts, ensuring greater accountability while adhering to the Bank Secrecy Act.
Third, they pushed for the elimination of “reputational risk” as a regulatory factor, arguing that it has been misused to justify unfair banking restrictions.
Fourth, they recommended an external review process for all supervisory guidance to weigh regulatory benefits against the impact on financial access.
Finally, they emphasized that all regulations should be applied uniformly across financial institutions to prevent selective enforcement.
The legislators acknowledged that some of these reforms might require congressional approval but urged the FDIC to take action where possible. They wrote:
While we understand that there is still a need for Congressional action to help clarify regulations surrounding digital assets, we hope that you will look at these recommendations and implement them appropriately.
They also requested clarification on which recommendations would require legislative intervention, noting: “Please let us know which recommendations you believe require an act of Congress to help better inform our legislative efforts.” The letter reflects growing concerns in Congress about ensuring fair banking access for digital asset firms and preventing regulatory overreach against specific industries.
@ Newshounds News™
Source: Bitcoin News
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ZELENSKY SURRENDERS TO TRUMP AND ‘WILL SIGN MINERAL DEAL WITHIN HOURS’
Donald Trump appears to have won his trade standoff with Volodymyr Zelensky, as the U*******n president is set to give in and sign a deal giving the U.S. access to deposits of critical minerals.
The deal was seen as crucial for satisfying Washington’s demands for a peace settlement between U*****e and Russia to end their three-year long war.
Zelensky told a nightly video address on Friday that teams of American and U*******n negotiators are working on a draft agreement, signaling an imminent deal.
‘This is an agreement that can strengthen our relations, and the key is to work out the details to ensure its effectiveness,‘ he said. ‘I look forward to the outcome – a just result.’
It’s a staggering surrender by Zelensky, who just days earlier angrily lashed out at Trump saying: ‘I can’t sell our country.’
Trump told reporters in the Oval Office on Friday evening: ‘We’re signing an agreement, hopefully in the next fairly short period of time.’
A deal could be struck as soon as Saturday, people briefed on negotiations told the Wall Street Journal. The exact terms are not yet clear, however Trump had been pushing for $500 billion worth of minerals in exchange for continued military support.
It comes after Zelensky angered Trump so much during negotiations that the president threatened to completely pull US funding from U*****e, Axios reported.
@ Newshounds News™
Source: Daily Mail
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BRICS: V************N CALLS FOR RUSSIA TO PARTNER WITH ELON MUSK
BRICS Member Russia’s President V************n is calling for the country to partner with Elon Musk, according to Deputy CEO of Gazprombank Dmitry Zauers. The Russian Bank’s CEO says that P***n spoke to him about joining forces with Musk to advance the country’s technology development.
“Join forces with Musk,” P***n reportedly told Zauers. “When he is finished reforming administrative agencies in the US, he will get back go back to science. You should work with him. We are already negotiating to work together in space, we can collaborate in this sphere also,” the Russian leader added.
Zauers says he told the Russian President about domestically produced batteries used in aerospace applications and neurochips. They are “our answer to Elon Musk,” the banker said, as Musk is a giant in the tech industry himself. However, P***n wants to partner with the Tesla and SpaceX founder, not rival him.
Russia and the US: Elon Musk to Serve as the Bridge for Partnership?
P***n and Russia have explored several working relationships with the US and US representatives in the past few months since Donald Trump’s presidential nomination. Recent reports reveal that Russia is now eyeing deals with the T******************n to save its economy from collapsing.
Indeed, the two countries discussed possible cooperation on energy projects in the Arctic during a meeting in Saudi Arabia. Kirill Dmitriev, the head of the state-owned Russian Direct Investment Fund (RDIF) confirmed that both sides negotiated some “specific areas of cooperation” and also discussed other economic policies in broad strokes.
Elon Musk has yet to comment on the reported request by Russia’s V************n. While Donald Trump works to battle BRICS, the DOGE department leader has previously been in contact with the Russian President. It’s unclear if Musk would accept such a partnership, as he’s previously said Russia “can’t afford me.”
@ Newshounds News™
Source: Watcher Guru
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Source: Dinar Recaps
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HBAR FOUNDATION INVESTS IN TOKENIZED FIDELITY USD MONEY MARKET FUND
The HBAR Foundation has announced an investment in Archax’s tokenized shares of Fidelity International’s USD Money Market Fund.
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Archax, the first FCA-regulated digital asset exchange, broker, and custodian, recently tokenized the MMF on the Hedera network.
The tokenized shares, available on the Archax platform, allow institutional investors to gain exposure to the fund through blockchain technology. These digital assets can also serve as proof-of-reserves for stablecoin treasury verification, enhancing transparency within the broader digital finance ecosystem, according to a company announcement.
The move highlights Hedera’s expanding role in institutional tokenization while advancing Fidelity International’s efforts to bring traditional financial products on-chain.
Last December, Hedera integrated Chainlink’s Data Feeds and Proof of Reserve on its mainnet to support DeFi and tokenized real-world assets. This followed a partnership between the HBAR Foundation and Chainlink, giving developers access to high-quality data and on-chain reserve verification.
Strategic investment
Gregg Bell, Senior Vice President at the HBAR Foundation, emphasized the strategic importance of the investment, stating, “Looking ahead to 2025, real-world asset tokenization will be a key catalyst for blockchain adoption. Our vision for a fully tokenized financial ecosystem aligns with Fidelity International’s commitment to innovation.”
He added that partnering with asset managers like Fidelity International is essential for accelerating institutional adoption.
The investment further strengthens Hedera’s push into institutional markets by leveraging its high-throughput infrastructure. The network’s ability to provide low-cost, fixed-fee transactions makes it an appealing option for financial institutions exploring tokenization.
The collaboration between the HBAR Foundation, Archax, and Fidelity International reflects a broader industry shift toward blockchain-powered financial products. As more institutions explore tokenization, partnerships like this could pave the way for greater adoption of digital asset infrastructure in traditional markets.
@ Newshounds News™
Source: CryptoNews
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BRICS NEWS: BRAZIL PLANS TO REJECT BRICS CURRENCY
Brazil is considering dropping the idea of forming a new BRICS currency as it chairs the 17th summit in Rio De Janeiro in July 2025. Four government officials on the condition of anonymity revealed to Reuters that President Luiz Lula da Silva is planning to nix the idea of a common currency. The alliance is under pressure from Trump who threatened to impose tariffs if they ditch the US dollar.
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The idea of developing a new BRICS currency could draw the ire of US President Donald Trump, who has vowed to crush anyone who plans to ditch the dollar for trade. Just recently, BRICS member India also denounced the formation of a new currency and embraced the US dollar for cross-border transactions.
After Rejecting BRICS Currency, Brazil Wants to End Reliance on the US Dollar
A government official revealed that Brazil wants to shelve BRICS currency but also aims to reduce dependency on the US dollar.
The source explained that Brazil will provide solutions for ending reliance on the US dollar at the upcoming summit. The 17th summit is scheduled to take place on July 6-7 with the nine member countries being in attendance.
Two out of the nine BRICS countries have rejected the idea of the formation of a new currency. Only Russia, China, and Iran are aggressively advancing the de-dollarization agenda to uplift their respective economies. Russia and Iran are reeling under pressure due to sanctions and are desperate to trade in local currencies.
On the other hand, China is looking to dominate the global finances by pushing the Chinese yuan for trade. India is distancing itself from the idea fearing that China is using BRICS as a stepping stone to advance its global agenda. The cracks in BRICS are wide open even before the alliance has made the currency a reality.
@ Newshounds News™
Source: Watcher Guru
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WHAT IS DOGE DIVIDEND CHECK? WILL YOU GET $5,000 STIMULUS CHECK? HERE’S WHAT TO KNOW
Wondering if you should expect a $5,000 check from DOGE? And, is it a stimulus, dividend or refund? Here’s what we know so far about what it is and who would potentially get it.
President Donald Trump said he’s considering a plan to pay out $5,000 stimulus checks to taxpayers in the form of a ‘DOGE dividend’ during a speech on Wednesday. He explained it as part to take 20% of the savings identified by Elon Musk’s Department of Government Efficiency (DOGE) and give it back to the American taxpayers.
This ‘DOGE dividend’ idea was previously floated on Tuesday by Azoria investment firm CEO James Fishback on Musk’s social media platform X, suggesting President Trump and Musk “should announce a ‘DOGE Dividend’ — a tax refund check sent to every taxpayer, funded exclusively with a portion of the total savings delivered by DOGE.” To which, Musk replied “Will check with the President.“
“The numbers are incredible, Elon. So many millions, billions — hundreds of billions,” Trump said in his speech. “And we’re thinking about giving 20% back to the American citizens, and 20% down to pay back our debt.”
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The US national debt totaled $35.5 trillion in the 2024 fiscal year, a $1.4 trillion increase from 2023, according to the Treasury Department and US debt-to-GDP ratio rose by 2 percentage points in fiscal year 2024 from 2023.
Trump didn’t share any further specifics or details about the possible ‘DOGE dividend’ or its certainty.
Albeit, Fishback’s four-page proposal of the ‘DOGE dividend’ described it as a refund “sent only to tax-paying householders.“
Noting the difference from past stimulus checks, he added that DOGE checks would not be inflationary as they would be “exclusively funded with DOGE-driven savings, unlike C***D stimulus checks which were deficit-financed.“
By definition, a dividend is a distribution of profits by a corporation to its shareholders and refund is a payment made back to a user that previously paid for something. A stimulus check on the other hand, is a direct payment to encourage spending and stimulate the economy by putting money directly into the consumers’ hands.
What is DOGE?
The Department of Government Efficiency (DOGE), officially the U.S. DOGE Service Temporary Organization, is an initiative created by Trump and led by ‘special government employee’ Musk.
The mission of DOGE was to slash federal spending, deregulation and “modernize federal technology and software to maximize governmental efficiency and productivity.”
How much has DOGE saved?
At the time it was introduced, DOGE’s effort was to save as much as $2 trillion dollars a year. DOGE claims to have already saved $55 billion in government cuts so far, but the figure has not been verified.
The agency has made drastic cuts across federal agencies, including mass firings of federal workers. Some agencies that have already seen cuts include the United States Agency for International Development (USAID), the Department of Education, the National Institutes of Health, the Centers for D*****e Control and Prevention, and the Consumer Financial Protection Bureau.
@ Newshounds News™
Source: USA Today
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Source: Dinar Recaps
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Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
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