Wed. AM-PM Seeds of Wisdom Crypto Update(s) 4-16-25

(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

2 MAJOR KEY EVENTS ON APRIL 16: RIPPLE VS SEC SETTLEMENT AND POWELL’S SPEECH IMPACTING CRYPTO ASSETS

April 16, 2025 – Today marks a potentially pivotal moment in the crypto market as two high-stakes events unfold: the long-awaited conclusion of the Ripple vs SEC lawsuit and a key speech by Federal Reserve Chair Jerome Powell. Together, these developments could significantly influence investor sentiment and shape the near-term direction of crypto assets.

Ripple vs SEC lawsuit Update

After nearly a decade of legal wrangling, the Ripple vs SEC case may finally be over. April 16 was Ripple’s final deadline to file its appellate brief. With no extension granted, the only options were to either submit the filing or reach a settlement.

Sources close to the matter suggest that a settlement has been reached between Ripple and the SEC. As part of the reported agreement, the SEC has dropped its appeal, while Ripple has agreed to pay a $50 million fine and also withdraw its own counter-appeal.

Crucially, there will be no official declaration labeling XRP as a security, which many in the XRP community view as a significant win for the cryptocurrency.

According to Attorney Fred Rispoli on X, Ripple has only two options by April 16. He explained that Ripple cannot ask for more time, so they have only two options. Either they go ahead and file their appeal, which he believes has just a 10% chance, or they announce a settlement or withdrawal, which he thinks is much more likely, with a 90% chance.

FED Chair Jerome Powell’s Speech

Later today, Federal Reserve Chair Jerome Powell is set to deliver a speech at the Economic Club of Chicago. With U.S. inflation easing and e******n-year pressure building, Powell’s comments may hint at the Fed’s outlook on future rate cuts.

The market currently expects:

▪️ Two rate cuts in 2025
▪️ Possibly starting in June or September

However, Powell has repeatedly emphasized caution, citing persistent inflation risks and global uncertainty.A dovish or hawkish tone could significantly influence Bitcoin, altcoins like XRP, and broader equity markets.

@ Newshounds News™

Source: Coinpedia

~~~~~~~~~

SOUTH KOREAN PRESIDENTIAL CONTENDER VOWS TO PUSH CRYPTO ‘AS MUCH AS’ TRUMP: REPORT

▪️ South Korea’s presidential primary candidate for the right-wing party said he would reform crypto regulations “as much as” the T******************n.
▪️ He also vowed to increase investment into other disruptive technologies, including AI.

A candidate in the South Korean right-wing party’s presidential primary pledged to revamp local regulations on blockchain and cryptocurrencies, according to local news agency Yonhap.

“To foster blockchain and virtual assets as an industry, I will reform regulations as much as the T******************n in the United States,” Hong Joon-pyo, a candidate for People Power Party’s presidential primary, said during a policy announcement meeting on Wednesday, according to the report.

Hong, who served as mayor of Daegu city up until last week, said that he would work to incorporate blockchain technology into the public sector and administrative services.

Outside of blockchain and crypto, Hong also pledged to invest at least 50 trillion Korean won ($35.1 billion) over five years in research and development for AI, quantum technology and room-temperature superconductors, the report said, as part of his “growth driven by disruptive tech” initiative.

The prominent politician, with nearly 30 years of experience, had previously urged the South Korean government to adopt friendlier policies and regulations on crypto.

In 2021, Hong openly criticized the government’s decision to tax cryptocurrency at the time, labeling the move retrogressive and urging the establishment of legal foundations to institutionalize emerging technologies, according to local news outlet Financial News.

South Korea’s 20th President, Yoon Suk-yeol, was removed from office on April 4 after the Constitutional Court unanimously upheld the National Assembly’s impeachment vote, prompted by his controversial declaration of martial law on Dec. 3, 2024.

With the June 3 presidential e******n less than two months away, neither of the two major political parties has yet nominated its candidate.

Hong is among eight candidates vying for the People Power Party’s nomination. Meanwhile, Yoon’s impeachment has given the opposition D********c Party of Korea an advantage heading into the upcoming e******n.

@ Newshounds News™

Source: The Block

~~~~~~~~~

Source: Dinar Recaps

=======================================

OKLAHOMA KILLS BITCOIN RESERVE PROPOSAL IN SENATE COMMITTEE VOTE

Oklahoma’s attempt to become one of the first U.S. states to implement a Bitcoin reserve has come to an abrupt end.

In a tight 6-5 vote on Monday, the Senate Revenue and Taxation Committee struck down House Bill 1203, also called the Strategic Bitcoin Reserve Act, despite late momentum and a surprise vote reversal from Sen. Christi Gillespie.

Gillespie, who had planned to vote no “up until this afternoon,” changed her mind after “a couple of constituents” reached out.

“A lawmaker changed their ‘No’ vote to a ‘Yes’ because they heard from their Bitcoiner constituents!” tweeted Dennis Porter, CEO and co-founder of Satoshi Action Fund, urging Bitcoin reserve advocates to keep pressure on legislators. “Your voice matters!”

Still, the effort fell short in Oklahoma. The “no” votes came from Republican Senators Todd Gollihare, Chuck Hall, Brent Howard, and Dave Rader, along with D*******s Julia Kirt and Mark Mann.

Sen. Christi Gillespie voted YES on Oklahoma’s Bitcoin Reserve Bill.

She states that “up until this afternoon”, she was going to vote no.

However, she was convinced to vote yes by “a couple of constituents” that reach out and persuaded her.

Introduced by Rep. Cody Maynard in January, HB1203 would have allowed Oklahoma’s state treasurer to invest in Bitcoin and other qualifying digital assets, defined as any with a market capitalization above $500 billion for the past year. At present, only Bitcoin meets that threshold.

An earlier committee passed the bill in February by a wide 12–2 margin, setting up Monday’s high-stakes showdown.

State Bitcoin reserve efforts

With Oklahoma now out of the picture, New Hampshire, Texas, and Arizona have emerged as the top contenders in the race to become the first U.S. state to establish a strategic Bitcoin reserve.

It also marks the latest blow to such proposals, following recent rejections in Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming.

Meanwhile, on April 10, New Hampshire’s House passed HB302, a bill permitting up to 10% of the state’s general fund to be invested in Bitcoin and precious metals. The 192-179 vote sends the bill to the Senate for further consideration.

On the same day as New Hampshire’s vote, Florida’s House Insurance and Banking Committee unanimously passed HB487, which would allow up to 10% of certain state funds to be invested in Bitcoin.

Arizona, meanwhile, continues to lead in terms of legislative momentum. On March 24, the state’s House Rules Committee approved two complementary bills, SB1373 and SB1025, that proposed the Arizona State Treasurer invest public funds in Bitcoin.

The bills now await a full floor vote in the House. If they pass, the legislation will head to Governor Katie Hobbs for final approval.

On March 6, the Texas Senate passed SB-21, a Bitcoin strategic reserve bill, in a 25–5 vote after a contentious debate on the Senate floor.

At the moment, 47 State Bitcoin Reserve (SBR) bills have been introduced across 26 states, with 40 active bills still live in 20 states, as per the reserve tracker Bitcoin Laws’ data.

@ Newshounds News™

Source: Decrypt

~~~~~~~~~

BRICS: 2 COUNTRIES SETTLE OIL TRADE IN NEW CURRENCY, DISCARD US DOLLAR

China is doing everything possible to advance the de-dollarization agenda and dim the lights on the US economy. BRICS members China and Russia recently sidelined the US dollar to settle oil and gas payments in 2025. The development adds pressure on the US economy as developing nations are using new modes of payment and not the dollar.

Reducing dependency on the US dollar will lead to the currency facing deficits and bring inflation into the homeland. The USD needs to maintain its demand and supply mechanism in the forex markets and failing to do so can bring its doom.

BRICS: China & Russia Settle Oil Trade in New Currency

Trillion-dollar asset management firm VanEck recently confirmed that BRICS members China and Russia have settled oil payments using the leading cryptocurrency Bitcoin. This is a major step in advancing the de-dollarization agenda where the US dollar had a command in the oil and gas industry. “China and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets,” wrote VanEck.

VanEck also wrote that the new payment method using BTC for oil settlement “might be bullish for Bitcoin.” BRICS members China and Russia could usher into a new era where Bitcoin is the new payment method and not the US dollar.

The trillion-dollar management firm noted that even Bolivia is following the route of using cryptocurrencies for trade and transactions. “Bolivia has announced plans to import electricity using crypto. And French energy utility EDF is exploring whether it can mine Bitcoin with surplus electricity currently exported to Germany,” they wrote.

De-dollarization is now a major concern as the White House has imposed tariffs on over 185 countries. However, the T******************n has now announced a 90-day pause in tariffs but the damage has already been done. The BRICS bloc is now more focused on bringing the US dollar down by not using it for oil transactions.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

Source: Dinar Recaps

=======================================

SEC VS RIPPLE UPDATE: MOTION TO TEMPORARILY SUSPEND APPEAL GRANTED; WHAT NEXT FOR XRP PRICE?

▪️ Closing the four-year legal battle opens a new chapter for XRP mainstream adoption, catalyzed by Ripple Labs’ payment products.
▪️ XRP price must hold above the support level of about $2 to invalidate further market correction.

The Donald T******************n has gradually fulfilled its promises made during the campaign period to the crypto ecosystem. The successful replacement of Gary Gensler with crypto-friendly SEC chair Paul Atkins has helped expedite the closure of several web3-related cases, including against Ripple and Binance exchange.

SEC vs Ripple Case Update

Earlier on Wednesday during the mid-North American trading session, James K Filan, a prominent defense lawyer, released court documents dated April 16 regarding the SEC vs Ripple appeal.

According to the court documents, Circuit Judge José A. Cabrenas granted a joint motion, filed by the U.S. SEC and Ripple to temporarily suspend their appeals amid the case closure.

“The parties jointly move to hold this appeal in abeyance, with the U.S. SEC directed to file a status report within 60 days of this order,” the court order noted.

Meanwhile, Ripple Labs agreed to pay a $50 million fine to settle the longstanding case.

XRP Price Analysis

After closing the first quarter in bearish sentiment, XRP has attempted to regain a bullish outlook in the past few weeks. The large-cap altcoin, with a fully diluted valuation of about $206 billion and a 24-hour average volume of about $3.45 billion, has been forming a potential reversal pattern in the daily timeframe.

The XRP price, against the U.S. dollar, has formed a possible inverse head and shoulders pattern, coupled with a bullish divergence of the daily Relative Strength Index (RSI). As a result, if the XRP price holds above the support level of around $2 and remains above the YTD falling logarithmic trend, a target of between $2.8 and $3 will be achievable.

@ Newshounds News™

Source: Coinpedia

~~~~~~~~~

PANAMA CITY TO ACCEPT CRYPTO FOR PUBLIC SERVICES

Panama City Mayor has said the Panama District municipality will become the first in the nation to accept cryptocurrency payments for services, following unanimous approval by the City Council.

Unanimous Approval

The Panama City Mayor Mayer Mizrachi announced on April 15 that the Panama District municipality will become the first in the nation to accept cryptocurrency as a form of payment for services. The decision follows a unanimous approval by the City Council.

According to Mizrachi, the new payment system will operate through an authorized bank that will handle the conversion of cryptocurrency payments into U.S. dollars for the Mayor’s Office.

This mechanism aims to streamline the process and mitigate potential volatility associated with digital assets for the municipality’s finances.

“My dear City Council has unanimously approved an initiative initiated by the Mayor’s Office, which will allow all citizens to pay their obligations and taxes in crypto,” Mizrachi explained, highlighting the significance of this decision.

The mayor further stated that Panama, often considered Central America’s financial hub, was lagging behind in adopting this modern payment method.

He clarified the legal framework, stating, “Legally, it’s simple: the Mayor’s Office receives dollars, but there’s an intermediary who receives the crypto, transforms it into dollars, and takes it to the Mayor’s Office.”

Mizrachi indicated that a formal announcement with further details will be made once the agreement with the partnering bank is finalized. He emphasized the broader implications of this decision, stating, “This allows for the free movement of cryptocurrencies throughout the economy and throughout government.”

Besides positioning itself as Latin America’s crypto hub, Panama introduced a draft bill aiming to regulate cryptocurrencies and establish a legal framework for blockchain-based services. The bill outlines licensing requirements for Virtual Asset Service Providers (VASPs) to register with Panama’s Financial Analysis Unit (UAF) and adhere to know your customer and anti-money laundering regulations.

If passed, this legislation could provide greater legal clarity and consumer protection while fostering innovation in Panama’s digital economy.

@ Newshounds News™

Source: Bitcoin News

~~~~~~~~~

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