Mon. AM-PM Seeds of Wisdom Crypto Update(s) 5-19-25

(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

TRUMP CONGRATULATES REPUBLICANS AFTER ‘BIG BEAUTIFUL BILL’ PASSES HOUSE PANEL

President Donald Trump praised House Republicans after a narrow but pivotal vote late Sunday night advanced what he called the “One Big Beautiful Bill Act,” containing many of his top legislative priorities.

“CONGRATULATIONS REPUBLICANS!!!” the president posted on Truth Social just before 1 a.m. Monday. “MAKE AMERICA GREAT AGAIN!!!”

The House Budget Committee voted 17-16 in a rare late-night session to move the bill forward. The proposed legislation aims to:

• Extend Trump’s 2017 tax cuts
• Boost immigration enforcement funding
• Cut spending on select social programs

House Republicans had spent the previous week negotiating details, particularly around spending cuts and the bill’s potential impact on the long-term national debt.

Notably, four GOP members who had previously blocked the bill’s advancement — Reps. Ralph Norman (S.C.), Chip Roy (Texas), Andrew Clyde (Ga.), and Josh Brecheen (Okla.) — shifted their stance and voted present, allowing the bill to proceed.

Speaker Mike Johnson (R-La.) said the process is far from over, stating the House will continue refining the measure as it moves to the Rules Committee:

“There’s a lot more work to do, we’ve always acknowledged that towards the end there will be more details to iron out, we have several more to take care of,” Johnson told reporters.

@ Newshounds News™

Source: The Hill

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DUBAI REGULATOR SETS COMPLIANCE DEADLINE FOR UPDATED CRYPTO RULES

Dubai’s Virtual Assets Regulatory Authority (VARA) has issued Version 2.0 of its activity-based Rulebooks, giving all licensed virtual asset service providers (VASPs) until June 19, 2025, to comply. The updated framework aims to strengthen market integrity, standardize regulatory terms, and enhance risk management across the digital asset ecosystem.

The revised rules, announced on May 19, tighten oversight for key activities including margin trading, token distribution, brokerage, custody, exchange, lending and borrowing, virtual asset management, and transfer and settlement services. VARA has harmonized compliance obligations across these areas, reducing ambiguity and streamlining operational expectations for VASPs.

Among the most notable updates are enhanced supervisory mechanisms and clearer definitions of core concepts such as “client assets,” “qualified custodians,” and “collateral requirements.” VARA also aligned disclosure obligations where service categories overlap, aiming to ease cross-functional compliance.

Margin trading regulations have been specifically tightened. Leverage thresholds have been reduced, and VASPs are now subject to stricter collateralization standards and real-time monitoring obligations. These measures are designed to curb systemic risks associated with overleveraged trading, particularly in volatile markets.

The new Rulebooks also introduce a dedicated section on token distribution. This includes clear licensing prerequisites, investor protection requirements, and robust marketing restrictions—especially for retail-facing offers—intended to align with global regulatory standards.

A VARA spokesperson emphasized that the updates aim to close observed regulatory gaps and create a consistent, secure environment for virtual asset activity in Dubai.

VASPs must comply within the 30-day transition period to avoid penalties. VARA’s supervisory team will be engaging directly with regulated firms to facilitate the transition and ensure readiness by the June 19 deadline.

@ Newshounds News™

Source: CoinTelegraph

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BRICS: 5 COUNTRIES PAY 93% OF TRADE IN NATIONAL CURRENCIES

BRICS member Russia is advancing the de-dollarization agenda, convincing economic alliances to settle trade payments in national currencies instead of the US dollar. In the latest move, Russia confirmed that 93% of cross-border payments within the Eurasian Economic Union (EAEU) are now settled in national currencies.

This significant shift reflects a growing global trend away from the U.S. dollar as the dominant medium for international trade. After BRICS, several other economic alliances are following suit, putting further pressure on the dollar’s global reserve status. Emerging economies are asserting greater control over the global financial order, independently of Western influence.

BRICS: Eurasian Economic Union (EAEU) Sidelines the US Dollar

The EAEU alliance consists of five countries: Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. In 2015, only 70% of the bloc’s trade was conducted in national currencies. A decade later, that figure has climbed to a record 93%, reflecting a steady transition fueled by BRICS-inspired monetary strategies.

“If in 2015 the share of the ruble and other national currencies was about 70% in settlements with our partners in the EAEU, then by the end of last year we reached a record 93%,”
— Dmitry Volvach, Russian Deputy Minister of Economic Development

Russia has extended the BRICS ideology to the EAEU, pushing national currencies ahead of the US dollar in global trade. Today, BRICS, CIS, SCO, GCC, ASEAN, and EAEU are increasingly transacting in their own currencies, significantly reducing reliance on the dollar.

No Force—Only Incentives to De-Dollarize

Volvach stressed that no nation was coerced into de-dollarization. Instead, the transition was driven by practical benefits and national interests:

“It is impossible to artificially force participants in foreign economic activity to switch to one currency. This is a good foundation for further growth,”
— Dmitry Volvach

BRICS and EAEU now stand at the forefront of de-dollarization, marking a pivotal moment where national currencies gain global relevance over the long-dominant U.S. dollar.

@ Newshounds News™

Source: Watcher Guru

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Source: Dinar Recaps

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CIRCLE COURTING ACQUISITION BIDS FROM COINBASE AND RIPPLE, ASKS FOR AT LEAST $5 BILLION: FORTUNE

Circle Internet Financial, the issuer of the second-largest stablecoin, is reportedly courting acquisition bids at a valuation of at least $5 billion, according to a report by Fortune.

The alleged sales talks involve Coinbase, Circle’s longtime partner, and Ripple, a recent rival in the stablecoin space. These discussions are happening even as Circle pursues a public listing.

In April, Circle filed a prospectus for an initial public offering, although the valuation remains undisclosed. Shortly after, Ripple offered between $4 billion and $5 billion to acquire Circle. However, Circle rejected the offer, stating the bid was too low.

This isn’t Circle’s first attempt at going public. Back in 2022, during the crypto bear market, the company canceled its SPAC merger that would have valued it at a staggering $9 billion.

Circle joins several other crypto firms like Kraken and BitGo in signaling public listing intentions under the pro-crypto economic climate of President Donald Trump. However, some analysts question whether Trump’s economic agenda may eventually dampen IPO appetite.

Trump has also publicly pushed for stablecoin legislation to be passed by the end of the summer—a development that could directly affect Circle’s strategic decisions.

Circle and Coinbase have maintained a long-standing partnership, dating back to the formation of the CENTRE Consortium, which initially managed the USDC stablecoin. USDC remains the most used stablecoin on Coinbase, and Circle reportedly paid Coinbase around $900 million in distribution costs in 2024.

Coinbase, meanwhile, is expanding aggressively, pursuing deals with Deribit (a derivatives exchange) and IronFish (a privacy platform). It also just became the first pure-play crypto firm to join the S&P 500.

Ripple is also building its stablecoin presence. It recently launched RLUSD on Kraken, integrating it into the platform’s payment infrastructure.

@ Newshounds News™

Source: The Block

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US DOLLAR DETHRONED: ONLY 60% GLOBAL RESERVES STILL BET ON ITS REIGN

The US dollar has been dethroned from its long-held position as the world’s undisputed reserve currency—a reality now backed by measurable data. Recent findings show that the dollar’s share of global reserves has declined to approximately 60%, down from 67% two decades ago. This gradual but persistent shift signals a transformational change in global finance, as central banks increasingly diversify their holdings away from the greenback. At present, the ongoing de-dollarization trend is considered one of the most consequential changes in the international monetary system in decades.

The Decline of Dollar Dominance in Numbers

The dollar’s share in global reserves has been steadily eroding over the past 20 years, reflecting a global strategy by central banks to reduce reliance on any single currency and to protect themselves from geopolitical risk.

Historical Context of the Dollar’s Weakening

Since the euro’s introduction in 1999, central banks have actively trimmed their dollar holdings. The British pound and Canadian dollar have gained modest ground, while global trade disputes and rising geopolitical tensions have accelerated a move away from U.S. currency dominance.

Economically stressed nations and those seeking greater monetary independence are contemplating a shift from using the U.S. dollar as the primary trade currency. As a result, “de-dollarization” has become a central topic in financial markets.

Paradox of Dollar Strength Amid Declining Reserve Status

Even as reserve status declines, the dollar has remained remarkably resilient. Its strength is driven by:

• Higher U.S. interest rates
• Strong capital inflows
• Safe-haven appeal during global turmoil

As a result, the dollar has climbed to new highs in real terms, reflected in the Federal Reserve Trade Weighted Real Broad Dollar Index.

Market Reactions to Dollar Uncertainty

This year, the U.S. dollar weakened by 8% against a basket of major foreign currencies—fueling debate over its long-term reliability.

“It is hard to put the genie back in the bottle once such concerns are raised.”
— Vishwanath Tirupattur, Morgan Stanley strategist

With this uncertainty, investors are reallocating assets into gold, German bonds, and emerging markets, signaling a desire to diversify away from dollar-denominated investments.

Structural Challenges for Alternative Currencies

Despite this shift, replacing the dollar is no easy feat. Only a few alternatives come close to meeting the requirements of a reserve currency.

“There is really no alternative to the dollar. The Euro is very fragmented, China’s currency doesn’t float freely in markets, and the yen doesn’t have the scale to compete.”
— Brent Coggins, CIO, Triad Wealth Partners

A true reserve currency must be:

• Freely convertible
• Backed by deep and liquid bond markets
• Readily accessible in times of crisis

The U.S. Treasury market continues to provide these essentials, despite the dollar’s recent challenges.

Future Outlook for the Global Reserve System

While a complete abandonment of the dollar seems unlikely in the near term, the trend is clear: the world is moving toward a multipolar currency system.

“We ultimately think this shift is tactical rather than a fundamental reassessment of U.S. assets.”
— Nick Bennenbroek, International Economist, Wells Fargo

Yet, what truly worries White House economists is not short-term volatility—but the potential for a long-term structural reallocation of global savings away from U.S. assets. Such a move would undermine America’s ability to borrow cheaply, long considered an “exorbitant privilege.”

The global financial order is evolving. While no immediate successor to the dollar exists, the momentum of de-dollarization is unmistakable and growing.

@ Newshounds News™

Source: Watcher Guru

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Source: Dinar Recaps

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PAUL ATKINS: ‘CRYPTO MARKETS HAVE BEEN LANGUISHING IN SEC LIMBO’

The new SEC chair said the regulator “should not be in the business” of stifling innovation at companies like those involved in digital assets.

In one of his first speeches since becoming chair of the US Securities and Exchange Commission (SEC) in April, Paul Atkins addressed some of the regulatory concerns around the cryptocurrency industry.

In prepared remarks for a May 19 speech, Atkins said it was a “new day” for the crypto industry under the current leadership of the SEC. He suggested that the financial regulator would be more open to “adapt to and accommodate new developments” while still abiding by its statutes.

“The crypto markets have been languishing in SEC limbo for years,” said Atkins, adding:

“While I have directed Commission staff across our policy Divisions to begin drafting rule proposals related to crypto, the staff continue to ‘clear the brush’ through staff-level statements.”

Even before Atkins stepped into the role of SEC chair, the commission’s actions under Donald Trump suggested that it would radically depart from the direction of former chair Gary Gensler.

In 2025, the SEC has dropped several investigations and enforcement actions against crypto companies and issued guidance on memecoins and security tokens.

“As I begin my tenure as Chairman, I can tell you that we are getting back to our roots of promoting, rather than stifling, innovation,” said Atkins. “The markets innovate, and the SEC should not be in the business of telling them to stand still.”

Looking to Congress for market structure

Atkins’ remarks came as US lawmakers considered draft legislation to establish a regulatory structure for crypto markets. The proposed bill, moving through the House of Representatives, could clarify the roles the SEC and Commodity Futures Trading Commission (CFTC) have in overseeing and regulating digital assets.

Until the legislation passes Congress and is signed into law, the SEC’s rules and guidelines over crypto could face pushback from affected parties.

The SEC chair has given opening remarks and overseen the commission’s roundtable events, discussing regulatory issues surrounding digital assets and blockchain. The next event, scheduled for June 9, will cover decentralized finance.

@ Newshounds News™

Source: Cointelegraph

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BRICS: TANZANIA OFFICIALLY BANS THE US DOLLAR

Taking a leaf straight from the BRICS playbook, Tanzania announced an official ban on the US dollar in local transactions. The Bank of Tanzania (BoT) has put a blanket ban on all foreign currencies in local transactions, and only the Tanzanian Shilling (TZS) is made legal tender. The ban comes after an influx of foreign currencies circulated the market for local transactions, leaving the TZS behind.

Tanzania is inspired by the BRICS agenda of de-dollarization and is striving to keep the US dollar in the back seat. Individuals, traders, business owners, and large corporations in the country are not allowed to use the US dollar for transactions. The ban includes both receiving and sending foreign currencies, making it a legal offense to initiate the payments. Every individual, bank, and business entity must use the Tanzanian Shillings and not foreign currencies.

“Under these Regulations, pricing and payment for all goods and services within the country must be in Tanzanian Shillings. Therefore, it is an offense to quote, advertise, or indicate prices in foreign currency, to compel, facilitate, or accept payment in foreign currency (US dollar), or to refuse payment made in Tanzanian Shillings,” read the statement mimicking the BRICS ideology.

BRICS: Tanzania & the US Dollar

The ban on the US dollar also includes foreigners who visit the country as tourists, making Tanzanian Shillings mandatory. Only a few authorities are permitted to use foreign currencies, and the regulation makes it clear that they need to specify the transactions. Those include government contributions to regional organizations, embassies, and transactions by international firms.

What BRICS failed to do to the US dollar, Tanzania got accomplished.

Developing countries are inspired by the BRICS agenda of using local currencies and forging ahead in banning the US dollar. The move will prove costly to the American economy if many countries join in on the de-dollarization bandwagon. The popularity of using local currencies for trade is growing and signals a major warning to the American economy.

@ Newshounds News™

Source: Watcher Guru

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Source: Dinar Recaps

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