Goldilocks' Comments and Global Economic News Wednesday Evening 5-8-24

Good Evening Dinar Recaps,

A Regulated Settlement Network | 

A Regulated Settlement Network is the practical use of tokenized deposits, wholesale Central Bank money, U.S. Treasuries and other tokenized assets.

This project is being done on a shared ledger as part of the Regulated Settlement Network (RSN).

"Citi, J.P. Morgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp are participating in this pilot program."

The goal is to test payment settlements on a common regulated network. It is to witness the efficiency of coordinating existing laws through the use of simulating USD delivery versus payment transactions.

The Federal Reserve Bank of New York will be assessing this DLT Digital Ledger Technology System for incorporation inside the new digital economy. Ledgerinsights

© Goldilocks

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👆I do believe our new tokenized asset regulations through MICA and new Stablecoins will fit well inside the new regulated payment system above.

© Goldilocks

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Capital gains tax rates under Joe Biden's plan: Twitter

Georgia - 50.09%
Iowa - 50.3%
Kansas - 50.3%
Idaho - 50.4%
Nebraska - 50.44%
Maine - 51.75%
Oregon - 54.5%
Minnesota - 55.45%
New York - 55.5%
New Jersey - 55.5%
California - 57.9%

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Big money has already moved in and bought gold - Brien Lundin says investors aren't waiting | Youtube

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Ripple Vs. SEC: Sealed Remedies Reply Filed, What's Next? | Bitcoinist

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BRICS is planning to establish its own central bank to issue a new common currency.

Russia’s Deputy Foreign Minister, Sergei Ryabkov, emphasized that creating a central bank is crucial for the currency’s launch.

The project has faced challenges and complexities, especially after BRICS doubled in size. Cryptopolitan

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Geopolitics and Its Impact on Global Trade and the Dollar - Gita Gopinath | Youtube

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The Global Solar Power Boom Is Driving a Surge in Silver Demand - WSJ

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BRICS Brace for Potential International Monetary System Collapse | CoinTribune

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IQD 60-Second Iraqi News Update 5/8/24 #iraq #iqd Rate | Youtube

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CFTC Chair Predicts Tsunami Of Crypto Enforcement Actions In Next 2 Years | Bitcoinist

The CFTC Chair acknowledges the challenges of getting legislation passed but notes the momentum and desire from lawmakers to close regulatory gaps, particularly in stablecoin legislation.

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Is Ripple's XRP the Key to BRICS' New Monetary Project to Finally Ditch the US Dollar in 2024? | Crypto News Flash

Following the confirmation that the BRICS alliance is developing a stablecoin, the community is speculating that Ripple’s XRP could be leveraged. Russian Minister of Foreign Affairs confirmed that the alliance will launch a stablecoin to facilitate international transfers.

With its reputation for instant cross-border payments, Ripple could be a major player if the BRICS countries move forward with their de-dollarization stablecoin project, as hinted at by Sergei Ryabkov’s announcement.

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Will Central Bank Digital Currencies Undermine Gold's Value? | Oil Price

CBDCs pose a threat to gold's traditional role as a store of value and hedge against inflation due to their potential for increased centralization and control over individual finances.

As CBDCs are rolled out and cash is phased out, gold and silver may emerge as the primary means of transacting outside the centralized digital currency system, leading to a potential surge in their value.

Legislators are divided on the issue, with some recognizing the threat posed by CBDCs and advocating for the protection of precious metals holders, while others believe CBDCs may become inevitable despite concerns about individual freedoms and financial privacy.

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Currently, we have regulations taking place for Stablecoins, Tokenized Assets, and a Regulated Settlement System.

Think of this as paying for assets to go into your portfolio (Tokenized Assets) inside of a Banking System capable of making transactions (Settlement System) for you with the Dollar (soon to be XRP Stablecoin).

The entire QFS is now currently going through the Regulation process as we speak.

© Goldilocks

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The worst thing we could do if stablecoins are being misused around the world is to step away and not regulate them," says @SenLummis, who together with @SenGillibrand  | Twitter

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👀 This is Yuge!

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