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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
WHEN IS THE BRICS SUMMIT IN 2025?
Brazil will chair the BRICS summit in 2025 under the helm of President Luiz Lula da Silva. The alliance will reinforce its commitment to reshape the global order and usher their economy into a new financial territory. Apart from discussing financial issues, the bloc will also make decisions on climate change and global governance.
The BRICS alliance will collectively collaborate on policymaking at the 2025 summit and represent the population of developing nations. This year’s summit is important as the nine-member bloc will decide on concrete steps to strengthen their economies. The move could reshape the geopolitical landscape and challenge the Western-dominated global financial order.
When & Where Is The Next BRICS Summit in 2025?
The next BRICS summit in 2025 is scheduled to take place in Brazil’s Rio De Janeiro from July 6th to 7th. The 17th summit will discuss de-dollarization, strengthening of local currencies, new trade deals, and also rewrite policies favoring developing nations. In addition, the alliance might also consensually decide about inducting new countries into the bloc.
Several leaders have hinted that the 17th BRICS summit in 2025 could begin discussions about alternative payment options to the US dollar. Brazil and India have confirmed that they do not support the formation of a BRICS currency. They are looking at various methods to settle cross-border transactions in local currencies.
“This is being discussed in BRICS (2025 summit), at the initiative of (Brazilian President Luiz Lula da Silva). The previous summit stated a decision on the necessity of developing a proposal on alternative payment platforms through finance ministries and central banks.
Such proposals have been made, they suggest, in particular, the creation of a so-called trans-border payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure,” said Russian Foreign Minister Sergey Lavrov.
@ Newshounds News™
Source: Watcher Guru
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XRP NEWS TODAY: CLOSED-DOOR MEETING FUELS SPECULATION OVER RIPPLE LAWSUIT DISMISSAL
▪ Ripple vs SEC’s closed-door meeting sparks speculation about lawsuit being dismissed soon.
▪ Political pressure increases as Senator Lummis challenges SEC’s crypto regulatory approach.
▪ Ripple’s XRP dropped by 8% but lawsuit dismissal could push price toward $3.20
The U.S. Securities and Exchange Commission (SEC) held a closed-door meeting on February 27, 2025, sparking speculation about the future of the Ripple lawsuit. With the SEC recently dropping cases against major crypto firms like Coinbase, Uniswap, and Robinhood, many wonder if Ripple could be next.
Could the SEC End the Ripple Case?
The SEC sued Ripple in December 2020, saying the company sold XRP as an unregistered security. However, Judge Analisa Torres ruled in 2023 that XRP itself is not a security, weakening the SEC’s case.
Now, with increasing pressure on the SEC, people believe the agency might be ready to move on.
At the recent SEC meeting, officials discussed legal matters and settlements. While the details are secret, many think the Ripple case may have been included. Former SEC lawyer Marc Fagel does not believe this is a sign of progress, but pro-XRP lawyer Bill Morgan is confident that Ripple has the upper hand.
Political Pressure May Shake the Market
Senator Cynthia Lummis recently criticized the SEC’s approach to crypto regulation, stating that most digital assets are not securities under the Howey Test. Meanwhile, this aligns with Judge Torres’ ruling in the Ripple case, further strengthening Ripple’s position.
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No official decision has been announced yet, but the next key date is April 16, when Ripple must submit its reply to the SEC’s appeal. If the SEC withdraws before then, it could mark the end of the long-running case, paving the way for a brighter future for XRP.
What Next For XRP?
As of now, XRP’s price is trading around $2.03 reflecting a drop of 8.19% with a market cap hitting $142 billion. However, many crypto experts believe that if the SEC drops the case, XRP could rise sharply. Some even predict a jump toward $3.20.
Meanwhile, there is also talk if Ripple lawsuits get dismissed, it will open the door for the approval of an XRP exchange-traded fund (ETF), which could push XRP’s price even higher.
@ Newshounds News™
Source: Coinpedia
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Source: Dinar Recaps
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SEC COMMISSIONER DISSENTS ON AGENCY’S MEMECOIN STANCE
Commissioner Caroline Crenshaw said that the agency’s working definition of memecoins was vague and could be easily misconstrued.
US Securities and Exchange Commission Commissioner Caroline Crenshaw issued a dissenting opinion on the SEC’s recent stance that memecoins are not securities.
According to the commissioner’s Feb. 27 statement, memecoins could satisfy the Howey test’s condition of profiting from the managerial efforts of others due to the coordination between developer teams and promoters.
The commissioner added that most, if not all, cryptocurrencies could be defined as memecoins under the SEC’s recent guidance, which was released on the same day. In this guidance, the agency stated that memecoins represent online social trends with speculative value and high volatility — and are not securities. Commissioner Crenshaw, however, has a different viewpoint:
“Today’s statement paints meme coins as cultural projects whose purpose is entertainment and social engagement. The reality is that meme coins, like any financial product, are issued to make money.”
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Memecoins have come into sharper focus following several high-profile scams, hacks and even presidential memecoin launches that threaten the long-term viability of the sector and invite scrutiny from state officials.
US regulators and lawmakers attempt to reign in memecoins
Following US President Donald Trump’s memecoin launch, several D******t lawmakers, including Elizabeth Warren, called for an investigation into potential ethics violations of the presidential token.
On Feb. 27, California Member of Congress Sam Liccardo announced that House D*******s are prepping a bill that would ban presidential memecoins.
The proposed bill, titled “The Modern Emoluments and Malfeasance Enforcement (MEME) Act,” would prohibit US lawmakers from sponsoring, issuing or endorsing any digital asset.
Moreover, spouses and dependents of US representatives, the president, vice president and senior executive branch officials are also prohibited from issuing or sponsoring memecoins under the bill.
Attorney Elizabeth Davis, former chief attorney at the Commodity Futures Trading Commission (CFTC), recently argued that memecoins should be regulated by the CFTC.
Davis told Cointelegraph that if the commodities regulator is granted regulatory oversight over crypto, then there is a strong likelihood that memecoins will be included in their purview.
The attorney also expressed confidence thatcomprehensive memecoin regulations would be established in the United States over the next year — putting an end to the regulatory ambiguity surrounding social tokens.
@ Newshounds News™
Source: CoinTelegraph
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ARIZONA APPROVES BITCOIN RESERVES, BUT WYOMING AND MONTANA ARE SAYING NO – HERE’S WHY
▪ Arizona advances crypto legislation – two bills, one establishing a digital asset reserve and another focused on Bitcoin investment
▪ While Arizona embraces crypto reserves, other states like Wyoming and Montana reject them due to volatility concerns.
▪ Bitcoin’s recent price drop fuels skepticism, while predictions suggest federal crypto legislation is forthcoming.
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Arizona is pushing ahead with cryptocurrency investment as two Bitcoin reserve bills have passed the Senate, setting the stage for final approval in the state’s House of Representatives.
While states like Wyoming and Montana are rejecting similar measures over concerns about crypto’s volatility, Arizona is doubling down on digital assets.
If these bills pass in the state’s House of Representatives, Arizona could become one of the first states to officially hold Bitcoin in its reserves.
Senate Approves Bitcoin Reserve Bills
On Feb. 27, the Arizona Senate approved the Strategic Digital Assets Reserve bill (SB 1373) in a 17-12 vote, sending it to the House for final approval. Sponsored by Republican Senator Mark Finchem, the bill aims to create a Digital Assets Strategic Reserve Fund, which will be managed by the state treasurer. The fund will include legislative appropriations and crypto assets seized by the state.
To limit risk, the treasurer would be allowed to invest no more than 10% of total fund deposits per fiscal year. However, the state could loan out digital assets to generate returns as long as it doesn’t add financial risk.
Another Bill Aims to Allow Bitcoin Investments
A second Bitcoin-related bill is also moving forward. The Strategic Bitcoin Reserve Act (SB 1025), co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger, passed the Senate with a 17-11 vote.
Unlike Finchem’s bill, which focuses on managing seized crypto assets, SB 1025 allows the state to invest public funds directly into Bitcoin and other cryptocurrencies. This signals Arizona’s growing commitment to incorporating digital assets into its financial strategy.
Crypto Legislation Gaining Momentum Nationwide
Dennis Porter, founder of Satoshi Action Fund, believes federal regulation of cryptocurrencies is inevitable. He predicts lawmakers will first regulate stablecoins, followed by broader market structure rules, and eventually, Bitcoin reserves.
While Arizona and Utah are leading the push for crypto reserves, 18 other states are still waiting for approval. However, not all states are on board—Montana, Wyoming, and others have rejected similar plans, calling Bitcoin too risky.
Trump Weighs Heavy on the Markets
Despite increasing political support for crypto, Bitcoin’s price has taken a hit. The asset dropped below $80K, and analysts fear it could fall further to $70K–$75K. Bitcoin is down 17% this week, with Trump’s tariff policies adding to market uncertainty.
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Amid the panic, Michael Saylor jokingly told investors to “sell a kidney if you must, but keep the Bitcoin.” While Saylor continues to advocate for a U.S. Bitcoin reserve, the recent price drop has given skeptics more reason to doubt Bitcoin’s long-term stability.
@ Newshounds News™
Source: Coinpedia
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FEBRUARY IN CHARTS: SEC DROPS 6 CASES, MEMECOIN CRAZE COOLS AND MORE
@ Newshounds News™
Read the story: CoinTelegraph
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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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