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Seeds of Wisdom
JUST IN: SENATE CONFIRMS PAUL ATKINS AS SEC CHAIR, NEW ERA FOR CRYPTO?
In a 52-44 vote, the U.S. Senate has confirmed Paul Atkins as the next Chair of the Securities and Exchange Commission (SEC). The confirmation now heads to the White House, where President Donald Trump is expected to formally sign off on the appointment. Once that process is complete, Atkins will be officially sworn in. According Fox Business’ Eleanor Terrett, the timing for these next steps remains unclear.
Who Is Paul Atkins?
Paul Atkins is a seasoned financial regulator and former SEC commissioner who served under President George W. Bush. Known for his market-oriented approach, Atkins is respected across party lines and has also held senior roles under D--------c leadership, including under former SEC Chair Arthur Levitt. His nomination hints at a significant shift in regulatory direction under the T------------------n.
Atkins will replace outgoing Chair Gary Gensler, whose tenure was marked by a high-profile and often controversial crackdown on the crypto industry. Gensler faced both praise and criticism for an aggressive enforcement-first approach, especially in applying securities laws to digital assets.
A Turning Point for Crypto Policy?
Under the Biden administration, critics argued that the SEC’s enforcement-heavy stance stifled innovation and failed to offer a clear regulatory path forward. With Atkins at the helm, expectations are high that the SEC may pivot toward a more constructive, guidance-driven regulatory environment.
While details about Atkins’ policy plans remain to be seen, early signals suggest a shift toward fostering innovation while still enforcing accountability. Many in the industry are hopeful that the incoming SEC leadership will work toward creating a consistent, federally backed framework that balances growth and oversight.
@ Newshounds News™
Source: Coinpedia
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TREASURY EYES REGULATORY RESET TO IGNITE BLOCKCHAIN AND PAYMENTS
Regulatory roadblocks are crumbling as the U.S. Treasury signals a sweeping pivot toward blockchain, stablecoins, and digital assets, igniting America’s fintech dominance worldwide.
Regulatory Barriers on the Brink as Treasury Sparks Blockchain Shift
U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to remove regulatory barriers that he said have slowed innovation in blockchain, stablecoins, and modern payment technologies. His address emphasized aligning financial oversight with national interests while refocusing on economic growth. Bessent stated:
We will take a close look at regulatory impediments to blockchain, stablecoins, and new payment systems. And we will consider reforms to unleash awesome power of the American capital market.
“Americans deserve a financial services industry that works for all Americans, including and especially Main Street. Under President Trump’s leadership the Treasury Department and I will deliver that to you,” Bessent added.
Bessent criticized current regulatory approaches as outdated and skewed toward global frameworks, particularly the Basel Committee’s capital standards, which he claimed are “not in my opinion the right starting point for a modernization effort.”
He called for a U.S.-first model built from “the ground up,” emphasizing that decisions impacting domestic financial innovation should not be shaped by international bodies lacking transparency.
His remarks suggested that this shift could help level the playing field between banks and nonbank financial innovators, a move that would give rise to broader adoption of technologies like digital assets and tokenized payment networks.
In line with that vision, Bessent confirmed that the Treasury would also review capital rules that currently disincentivize investment in innovation. He further pledged to modernize anti-money laundering and compliance rules to allow financial institutions to focus on “national security priorities and high-risk areas,” giving them leeway to deprioritize lower-risk activities.
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While pushing for reform, Bessent framed the administration’s approach as supportive of small-town lenders and consumers:
Americans deserve a financial services industry that works for all Americans.
His remarks position the Treasury to potentially spearhead new regulatory frameworks aimed at fostering both financial safety and cutting-edge innovation.
President Donald Trump has strengthened his pro-cryptocurrency position by ordering the creation of a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, using roughly 200,000 BTC seized in legal cases to support national economic interests.
At the same time, the U.S. Department of Justice (DOJ) disbanded its National Cryptocurrency Enforcement Team, indicating a shift from enforcement to industry support. The moves reflect the administration’s aim to make the U.S. a global crypto leader.
@ Newshounds News™
Source: Bitcoin News
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Source: Dinar Recaps
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PRESIDENT TRUMP USHERING IN CRYPTO ‘GOLDEN AGE,’ WHITE HOUSE OFFICIAL SAYS
The return of US President Donald Trump has come with some concern, but according to one White House official, his administration is set to usher in a new crypto ‘golden age.’ Indeed, Trump’s executive director of digital assets, Bo Hines, recently discussed the impact that his presence will have on cryptocurrency development in the country.
In a post to X (formerly Twitter), Hines called Trump the “true crypto President.” He noted that his stance on the emerging asset class will propel growth. Moreover, he said this effort will help crypto companies that “were v-----s of a weaponized justice system under the Biden regulatory regime.”
White House Official Says T------------------n Will Bring New Golden Age for Crypto in US
It has certainly been a volatile start to US President Donald Trump’s second term thus far. Just three months into the year, the returning administration has sought to balance trade with the presence of new Liberation Day tariffs. Subsequently, the move greatly affected the US stock market, with a monumental crash and recession fears abounding the economic outlook.
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However, the administration is still hopeful that the short-term struggle will benefit the country in the long term. Moreover, it is optimistic about one key industry that could surge over the next four years. Indeed, US President Trump is poised to usher in a crypto ‘golden age,’ according to White House official Bo Hines.
Speaking to Fox News, the top cryptocurrency policy official for the administration discussed the industry’s potential. “The president has made this a priority, and it is a testament to his leadership and his knowledge of the space,” Hines said.
“Unlike any president before him, he has truly embraced this technological development in a way that no one else has, which has allowed us to do what we need to do to make the United States the crypto capital of the world,” he added.
Hines also notes that the administration is “clearing the deck” of Biden-era policies. Indeed, the previous president had a well-established opposition to the industry. Yet, things have already changed drastically in the early months of Trump’s return. Things should continue, with Standard Chartered saying Bitcoin has $500,000 upside under Trump.
@ Newshounds News™
Source: Watcher Guru
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ELIZABETH WARREN ACCUSES TRUMP OF MARKET M----------N OVER TARIFF CHAOS
Senator Warren accuses Trump of market m----------n through erratic tariff decisions, alleging insider profit.
Trump’s unpredictable tariffs, including a sudden hike on Chinese goods and a temporary pause, are causing market instability and economic uncertainty.
Congress is facing pressure to investigate Warren’s claims and address the economic impact of Trump’s tariff policies.
President Donald Trump’s 90-day tariff pause gave crypto markets a brief moment to breathe—but the calm didn’t last long. Behind the scenes, political tensions are heating up fast. U.S. Senator Elizabeth Warren is now going after Trump with serious accusations, claiming his unpredictable tariff moves may have been more than just bad policy. She says they might have been a calculated play to benefit his wealthy allies.
Could these sudden shifts in trade policy be more than meets the eye? The story gets deeper—and more explosive—the further you look.
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Is Trump Playing the Market?
Warren is urging an independent investigation to find out whether Trump’s sudden tariff changes were meant to benefit his wealthy Wall Street allies. She argues that his actions go beyond bad economic planning and could point to deeper issues. Calling the pattern “c--------n,” Warren claims that insiders close to Trump may have made profits by taking advantage of market chaos.
One of Warren’s main concerns is the sharp increase in tariffs on Chinese goods—from 105% to 125%—which c----t markets off guard. Around the same time, Trump announced a 90-day pause on tariffs for other countries. This brief relief calmed the markets temporarily, but Warren believes the timing may have been deliberate—giving insiders a chance to “buy the dip” before prices bounced back.
Economic Warning Signs Are Flashing
Warren didn’t stop there. She blamed Trump’s constant changes in trade policy for hurting the U.S. economy, saying the “flip-flopping” has shaken investor confidence. With factory output slowing and job openings (JOLTS data) showing weakness, fears of a possible recession and rising inflation are growing.
From the Senate floor, Warren called on Congress—especially Republicans—to take action and put an end to what she calls “Trump’s tariff chaos.” She warned that this unpredictable approach to trade could cause even more damage to the economy if left unchecked.
More Lawmakers Join In
Representative Steven Horsford also criticized Trump’s sudden tariff reversal, saying it might be an example of market m----------n. He questioned who benefited from the move, hinting that billionaires may have taken advantage of the situation. His comments reflect growing concern in Congress that Trump’s trade policies are helping a select few while creating volatility.
Other lawmakers have also raised red flags, worried that Trump’s unpredictable trade strategy could harm the U.S. economy in the long run.
Former National Security Advisor John Bolton also voiced his disapproval. He said Trump’s tariff approach is flawed, and instead of working with allies to hold China accountable for intellectual property theft, Trump has picked fights with major trading partners.
As political and economic tensions rise, attention is now on Congress. Will lawmakers launch a formal investigation into Warren’s claims of market m----------n? For now, the pressure is building—and the markets are watching closely.
@ Newshounds News™
Source: Coinpedia
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Source: Dinar Recaps
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NEW HAMPSHIRE HOUSE PASSES STATE BITCOIN RESERVE BILL
The “Live Free or Die” state is one step closer to embracing Bitcoin after the House of Representatives passed a reserve bill.
A bill proposing the creation of a state Bitcoin reserve was passed by the New Hampshire House of Representatives on Thursday.
The House’s vote on New Hampshire Bill HB302, which if passed would allow the state’s treasury to invest in precious metals and digital assets, held a difference of just 13 votes, with 192 representatives voting for the bill and 179 voting against.
The bill will now move on to the New Hampshire Senate.
“We’re tied to the U.S. dollar, whether we like it or not, but this would allow us to have the state invest a small portion into this uncorrelated, new asset class,” New Hampshire Representative and bill proposer Keith Ammon previously told Decrypt.
Proposed in January, the bill would allow the state’s treasury to allocate up to 5% of the state’s public funds to eligible assets, based on text from the House’s amended bill. The initial proposal suggested an allocation of up to 10% of the state’s public funds.
Those funds can be used on precious metals like silver or gold, or…“any digital assets with a market capitalization of over $500 billion averaged over the previous calendar year.” Only Bitcoin meets that requirement, as of this writing.
New Hampshire’s treasury carried around $3.6 billion in funds as of its most recent annual report, meaning the state could buy up to approximately $181 million worth of precious metals or Bitcoin.
If spent only on crypto’s top asset, at today’s price of $79,755, that would give the Granite State a reserve of around 2,269 BTC. Bitcoin is down about 3.5% on the day, per data from CoinGecko.
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The bill indicates that digital assets held by the state must be held by a qualified custodian, by the treasurer with a secure custody solution, or via an exchange traded product from a registered investment company.
New Hampshire is one of many states considering Bitcoin reserve bills, some of which have thus far failed to push them through their respective Houses—like in Pennsylvania and Wyoming.
President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve for the United States on March 6.
@ Newshounds News™
Source: Decrypt
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NORTH CAROLINA LAWMAKER INTRODUCES DIGITAL ASSET FREEDOM ACT
North Carolina joins the growing list of US states attempting to pass comprehensive digital asset bills as a hedge against inflation.
North Carolina (NC) representative Neal Jackson introduced the North Carolina Digital Asset Freedom Act on April 10. The bill proposes that qualifying “digital assets” be accepted as a legally recognized form of payment and for taxes.
Although the language of the bill does not specifically mention Bitcoin, there are several provisions laid out that make BTC uniquely qualified under the bill’s definition of a “digital asset.”
These stipulations include a minimum market capitalization of $750 billion and a daily trading volume of over $10 billion, a market history of 10 years or more, proven censorship resistance, proof-of-work consensus, lack of a central authority, 99.98% or more network uptime, and a maximum supply cap. The bill read:
“The General Assembly further finds that decentralized digital assets, which are not governed by any central entity or foundation, align with the economic principles of limited, noninflationary money and are capable of ensuring the security and integrity of transactions.”
Jackson’s bill is merely the latest in state-led Bitcoin strategic reserve legislation in the United States amid inflation concerns, high US federal debt and a depreciating currency.
North Carolina takes a firm stance against CBDCs
Former North Carolina Governor Roy Cooper vetoed a bill banning a central bank digital currency (CBDC) in July 2024. At the time, Cooper characterized the bill as “premature, vague, and reactionary” to threats that have not yet materialized.
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In August 2024, the North Carolina House of Representatives overrode Cooper’s veto in a definitive and bipartisan 73-41 vote.
The North Carolina Senate followed suit by overriding Cooper’s veto in a 27-17 vote and passed the anti-CBDC legislation into law in September 2024.
Dan Spuller, the head of industry affairs at crypto advocacy organization the Blockchain Association, applauded the action taken by NC lawmakers to push back against the tide of CBDCs.
“This bill should have never been vetoed, and Governor Cooper blew an opportunity to send a strong message to the Federal Reserve that NC stands united against CBDCs,” Spuller wrote in a Sept. 9 X post.
@ Newshounds News™
Source: CoinTelegraph
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BRICS: US DOLLAR IS NOW AN UNRELIABLE CURRENCY, SAY ANALYSTS
BRICS is doing everything to puncture the prospects of the US dollar as the White House is a-----d of weaponizing the currency. The bloc kick-started the de-dollarization agenda and is now convincing emerging economies to trade in local currencies. The alliance has been successful as many developing countries signed trade deals settling cross-border transactions in native currencies.
If the White House fails to import the dollar, the U.S. could enter a new era of hyperinflation. The US dollar needs to maintain its dominant position in the currency markets to make other countries absorb its deficit.
BRICS: The US Dollar Losing Its Reliability, Say BMO Analysts
Commodity analysts at BMO Capital Markets wrote that the US dollar is losing its sheen and BRICS is leveraging the development. The notion to push local currencies ahead for trade and transactions is easier now than ever before. “The US dollar is no longer seen as a reliable reserve asset,” wrote the analysts.
The note added, “Looking at the broader picture, the combination of deficit spending, tariffs, and pressures on smaller nations has fueled market uncertainty. Increased uncertainty typically leads to lower interest rates for Treasuries but also causes turbulence in equity markets,” he said.
The recent stock market crash is also a cause of worry as investors lose trust in the trade sector. The note added that BRICS could also put gold forward and diversify their reserves more without the US dollar.
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“Recently, we’ve seen heightened volatility and a meaningful decline in equities from their highs earlier this year. This underscores a fundamental question: What can people truly trust? The answer remains a physical metal, gold, which has preserved its value for thousands of years and has never been debased, unlike every currency in history.”
@ Newshounds News™
Source: Watcher Guru
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Source: Dinar Recaps
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