______________________________________________________
(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
LAWMAKERS LAUNCH BIPARTISAN CONGRESSIONAL CRYPTO CAUCUS FOLLOWING TRUMP BITCOIN PUSH
The first of its kind group will allow pro-industry lawmakers to vote as a bloc on key legislation.
House Majority Whip Tom Emmer (R-MN) announced the creation of the first ever congressional crypto caucus on Monday, which he says will allow pro-industry lawmakers to vote as a unified bloc on pertinent legislation.
The move comes just a day after President Donald Trump announced he’s directed the Presidential Working Group to “move forward” with plans to establish a “crypto strategic reserve”—a federal stockpile of state-owned digital assets—which would include Bitcoin, Ethereum, Solana, Cardano, and XRP.
The caucus appears to be a bipartisan effort, led both by Emmer—a staunch crypto advocate—and Rep. Ritchie Torres (D-NY), one of the industry’s most vocal D********c allies.
In a post to X on Monday morning, Emmer characterized the caucus as “a nonpartisan group of members ready to mobilize to support and defend open, permissionless, and private innovation in the United States.”
The inclusion of the term “private” in that definition would seem to be an attempt to smother any notion that as the U.S. government gets more involved in crypto, it might seek to develop technologies like a central bank digital currency, or CBDC.
Advertisement
______________________________________________________
Major foreign bodies like the European Union have pushed ahead in developing digital currencies in recent weeks. President Donald Trump, on the other hand, moved to ban the creation of an American CBDC days after retaking the White House. Republicans have, for years, claimed that CBDCs would pose an existential risk to financial privacy.
Decrypt reached out to Emmer’s office regarding the House crypto caucus’ top priorities and the potential initial size of its membership but did not immediately receive a response.
House caucuses are formally organized groups of lawmakers who meet to pursue shared legislative objectives and tend to vote in blocs on key issues.
Dozens of such groups currently meet on Capitol Hill. They are shaped around identity groups (Congressional Black Caucus); ideological leanings (Congressional Progressive Caucus); foreign policy (Congressional Friends of Denmark Caucus); and, in many cases, industry representation (see: Congressional Cranberry Caucus, Chicken Caucus, and Natural Gas Caucus).
While crypto has notched a slew of high profile political victories in recent weeks—from the dismissal of key lawsuits targeting industry leaders, to Trump’s doubling down on a controversial federal crypto stockpile—the somewhat less flashy announcement of an industry caucus nonetheless brings the sector one step closer to more permanent status as a mainstay special interest group in Washington.
After years of extreme political volatility for crypto that have reaped both the lowest of lows and highest of highs, perhaps becoming a household staple akin to chicken or cranberries isn’t so unappealing.
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
Advertisement
______________________________________________________
BRICS REACTS TO TRUMP & ZELENSKY’S WHITE HOUSE HUMILIATION
Trump and Zelensky’s White House interaction has taken the world by storm as the d***y laundry was washed in public. The war of words turned cinema as both leaders indulged in sharp criticism.
In the aftermath of the show, the minerals deal, which Zelensky visited the US was rejected by Trump. However, the U*******n President said that he is open to signing the deal if the US agrees to move forward. BRICS member Brazil has reacted to the Trump-Zelensky fight and came down h*****n the US President.
BRICS: Brazil Reacts to Trump-Zelensky’s War of Words
Brazilian President Luiz Lula da Silva, who will chair the upcoming BRICS summit, reacted to Trump and Zelensky’s White House war. He sharply criticized the way Trump treated Zelensky in front of reporters and other dignitaries. Lula da Silva called Trump’s attitude “grotesque and disrespectful,” against Zelensky. Additionally, he added that the US President “humiliated” Zelensky for no reason as he visited the US to discuss the minerals deal.
“I have never seen a scene as grotesque and disrespectful as the one that took place in the Oval Office of the White House. I sincerely believe that part of society thrives on disrespecting others. And it is not possible to speak of democracy if there is no respect for other human beings.
I think Zelensky was hamulated; in Trump’s mind, he probably deserved it. I think the European Union was harmed by the American speech,” said the Brazilian President who will chair the 17th BRICS summit.
Trump’s stance against U*****e is alienating Europe as the European Union (EU) wants to hold Russia accountable for the war. BRICS member China is making use of the tensions and is extending cordial relations with Europe. Moreover, many European countries are looking to increase business deals with China as negotiating with the US has become increasingly difficult.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
CONTROVERSIAL IRS CRYPTO REPORTING REGULATION
Lawmakers, including Senator Ted Cruz and Cynthia Lummis, have introduced a resolution to overturn the IRS rule, with a vote expected this week.
▪ The US Senate is set to vote on an IRS rule requiring crypto brokers to report detailed transaction data, a move that has sparked controversy in the industry.
▪ Critics argue that the tax reporting mandate could stifle DeFi innovation, leading to legal challenges and calls for its repeal.
▪ Lawmakers will also review a separate Consumer Financial Protection Bureau (CFPB) regulation that affects digital payment apps.
The US Senate is preparing to vote on a controversial IRS regulation requiring “brokers” to report gross proceeds, cost basis, and gains or losses from digital asset transactions, including cryptocurrency, stablecoins, and non-fungible tokens (NFTs).
The law, formally introduced in December 2024 and enacted in January 2025, has faced strong opposition from the crypto community. Critics argue that the regulation threatens the growth and innovation of the decentralized finance (DeFi) sector, leading to a lawsuit challenging its implementation.
Advertisement
______________________________________________________
Lawmakers Push for Repeal
While the legal battle continues, Senator Ted Cruz, alongside Senators Cynthia Lummis, Pete Ricketts, and others, has taken legislative action to challenge the rule, according to a CoinDesk report on Monday, citing sources familiar with the matter.
The lawmakers have introduced a joint resolution urging the repeal of the IRS regulation. A source close to the matter revealed that Congress is expected to vote on the resolution this week, a decision that could determine the rule’s future.
The Congress has the power to challenge and potentially overturn unfavourable new laws enacted by government agencies under the Congressional Review Act (CRA).
In addition to the IRS measure, Congress is also set to review what CoinDesk described as an “11th-hour regulation” from the Consumer Financial Protection Bureau (CFPB), which impacts digital payment applications.
Donald Trump Finally Adds Crypto to National Reserve
The previous administration introduced both rules in an attempt to curb innovation within the crypto sector. In 2024, the then-US president signed an executive order directing the government to assess the risks and benefits of cryptocurrencies.
The measures targeted six key areas: consumer protection, financial stability, illicit activity, US competitiveness, financial inclusion, and responsible innovation. However, despite these efforts, the industry remained without clear regulatory guidance during his tenure.
In contrast, the current administration is taking steps to establish a well-defined regulatory framework for cryptocurrencies in the US.
Last month, President Donald Trump issued an executive order instructing federal agencies to review existing laws and create a clear regulatory structure for digital assets and related services. Agencies such as the Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) have been given 30 days, starting January 23, 2025, to carry out this directive.
Beyond regulatory reforms, Trump has pledged to position the US as the “world crypto capital,” aiming to lead in regulation, innovation, and technological advancements within the sector.
On Sunday, Trump officially unveiled the long-anticipated crypto reserve, incorporating major digital assets like XRP, SOL, and ADA. He emphasized that Bitcoin and Ethereum would be the “heart of the reserve,” reaffirming his strong support for the top two cryptocurrencies.
@ Newshounds News™
Source: CoinSpeaker
Advertisement
______________________________________________________
~~~~~~~~~
Source: Dinar Recaps
=======================================
BRICS: BRAZIL REITERATES NEED TO END US DOLLAR, WILL 150% TARIFFS FOLLOW?
The ongoing tension between the global south and west has been a key matter of geopolitical uncertainty. That may only take a step forward as the BRICS 2025 president, Brazil, has reiterated its need to end the US dollar as 150% tariffs loom large over the nation.
Speaking on the alliance’s operations, Brazil president Luiz Inacio Lula Da Silva noted that the group will not cease its de-dollarization approach. However, that may come with steep consequences. Indeed, US President Donald Trump has warned that there will be import taxes levied on nations that he views are seeking to “destroy” the greenback.
Brazil Re-Commited to Ditching the US Dollar: Will It Face Trump’s 150% Tariffs?
The BRICS economic alliance operates on a rotating chairmanship model. This means that the alliance will be under the guidance of a shifting presidency, with one nation taking the mantle at the start of the year. In 2025, it is Brazil that is taking that position, and it is already standing firm on what it expects of the bloc.
Amid the growing tension between BRICS and the United States, Brazil has reiterated its need to end the US dollar dominance despite 150% tariffs being threatened on such countries.
Earlier this year, the bloc rejected a BRICS currency plan. However, that hasn’t forced it to change its tone on the group’s relationship with the greenback.
“US President Donald Trump’s threats of tariffs won’t stop the group’s determination to seek alternative platforms for payments between member countries,” Brazil’s President said. Now, whether or not they face those promised Trump tariffs will depend on how the US President views the action.
Last week, Trump said, “‘Any BRICS state that even mentions the destruction of the dollar will be charged a 150% tariff.” The bloc has yet to claim to be seeking the greenback’s destruction. Therefore, will the pursuit of alternative payment methods trigger the tariff?
Advertisement
______________________________________________________
Moreover, is Brazil’s position opposing a BRICS currency freeing it from those threats? It certainly became the main focus of the geopolitical sector over the next several months
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
SEC DROPS LAWSUIT AGAINST KRAKEN, ENDING ‘POLITICALLY MOTIVATED CAMPAIGN’SEC DROPS LAWSUIT AGAINST KRAKEN, ENDING ‘POLITICALLY MOTIVATED CAMPAIGN’
The dropped lawsuit follows dismissals of other SEC lawsuits and investigations against other cryptocurrency companies like Coinbase and Gemini.
The US Securities and Exchange Commission has agreed to drop its lawsuit against Kraken, the cryptocurrency exchange revealed on March 3. The move ends what the exchange calls a “wasteful, politically motivated campaign” and “clears the path toward a stable, forward-thinking regulatory regime.”
According to Kraken, the lawsuit is being dismissed with prejudice, with no admission of wrongdoing, no penalties paid, and no changes to Kraken’s business. The SEC sued Kraken in November 2023, alleging that the exchange acted as a broker, dealer, exchange and clearing agency without registering with the SEC.
The SEC, under Gary Gensler’s leadership, was prone to a policy of regulation by enforcement, suing or investigating crypto companies, such as Coinbase, Uniswap and non-fungible marketplace OpenSea, for a variety of reasons. This approach was widely criticized in the industry for stifling innovation, targeting legitimate crypto companies instead of going after bad actors and more.
The SEC’s latest actions may reflect the changing environment of the US government regarding crypto. Kraken writes about its case, “This case was never about protecting investors — it and other enforcement actions clouded instead of clarified. It undermined a nascent industry that repeatedly urged clear rules of the road.”
A shifting regulatory climate
Since the change in SEC leadership, the agency has dismissed or is rumored to drop various lawsuits and investigations that began during Gensler’s tenure. On Feb. 27, it dismissed its lawsuit against Coinbase. Previously, it had dropped lawsuits or investigations against Consensys, Uniswap, OpenSea, Gemini and Robinhood.
The moves come as the US is shaping up for increased regulatory clarity surrounding digital assets. On Feb. 7, US lawmakers introduced a stablecoin bill to boost dollar dominance. It is possible that lawmakers may introduce a general crypto regulation bill that is a stronger version of FIT21.
In addition, there are further tailwinds: US President Donald Trump, who has said he wants to make the US the “world capital of crypto,” has announced plans for a crypto strategic reserve consisting of BTC, ETH, XRP, SOL and ADA. The president will be hosting the first White House Crypto Summit on March 7.
@ Newshounds News™
Source: CoinTelegraph
Advertisement
______________________________________________________
~~~~~~~~~
HESTER PEIRCE ANNOUNCES SEC’S NEW CRYPTO TASK FORCE AMID POLICY SHIFT
The U.S. Securities and Exchange Commission has officially released the list of members for its Crypto Task Force, which brings together advisors from key divisions.
This follows a memo published by Commissioner Hester Peirce on March 3 on the official SEC website. According to the memo, the task force consists of staff from Acting Chairman Mark Uyeda’s office, along with representatives from multiple divisions within the agency.
Peirce highlighted the team’s experience and commitment to addressing complex crypto regulatory challenges, stating that the Crypto Task Force is composed of knowledgeable and dedicated staff focused on developing practical regulatory solutions for the industry.
She also emphasized thatthe team would collaborate with other SEC experts and engage with the public to shape effective crypto regulations.
SEC’s new crypto-focused team
The task force includes Richard Gabbert as Chief of Staff, Michael Selig as Chief Counsel, and Taylor Asher as Chief Policy Advisor. Additional members include Sumeera Younis (Chief of Operations), Landon Zinda (Senior Advisor), and multiple senior advisors such as Donald Battle, Bernard Nolan, and Laura Powell.
Peirce has long been an advocate for clear and fair regulations in the crypto sector. Her latest initiative follows ongoing calls from industry leaders for more regulatory clarity.
This development aligns with a broader trend within the SEC to reevaluate its stance on cryptocurrency oversight. Under the previous administration, the agency intensified enforcement actions against crypto firms, imposing significant penalties.
For instance, in 2024 alone, the agency imposed fines totaling $4.68 billion on crypto businesses, accounting for 68% of its lifetime penalties in this sector.
However, recent months have seen a notable shift. The SEC has closed investigations into several prominent crypto entities, including Gemini, Coinbase, OpenSea, Uniswap Labs, Robinhood Crypto, Consensys, and lately Kraken. This move suggests a more lenient regulatory approach under the current administration.
@ Newshounds News™
Source: Crypto News
Advertisement
______________________________________________________
~~~~~~~~~
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
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.
Copyright © Dinar Chronicles
______________________________________________________
