Goldilocks' Comments and Global Economic News Wednesday Evening 1-17-24

Good evening Dinar Recaps,

"The year 2024 might witness significant progress in U.S. regulations for stablecoins, according to Circle CEO Jeremy Allaire. Speaking at the World Economic Forum in Davos, Allaire expressed optimism about an impending approval of a stablecoin bill, citing the ongoing global momentum in digital currency regulations."

Circle, the Digital Network Company backing the stablecoin USD Coin, recently filed a confidential S-1 registration with the U.S. Securities and Exchange Commission. This registration process is a requirement in order to offer a new introductory product offering on the market. It tells us that their intentions are to go public inside the new Digital Asset-Based Trading System.

So now, we have the beginning stages of tokenized assets (spot Bitcoin ETF) beginning to populate on the markets and soon a digital dollar to process these transactions.

Each step of the way puts us closer to our goals. The USDC coin was tested all year long in 2023 to see if it would be able to hold its value. With algorithmic and gold-backed asset support, it was able to stay within a stable range of value compared to other stablecoins.

© Goldilocks
https://coinpedia.org/news/circle-ceo-expects-u-s-stablecoin-regulations-in-2024/

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RIPPLE XRP🚨TRILLIONS ON STANDBY WAITING🚨THE PATH TO A 3 DIGIT XRP

https://youtu.be/-FhuMbuVYkE?feature=shared

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The Securities and Exchange Commission’s (SEC) approval of new spot bitcoin exchange-traded funds (ETFs) could see sophisticated investors such as pension funds grow their exposure to digital currencies over time, according to Cambridge Associates.

How Bitcoin Could End Up in Pension Fund Portfolios - Banking Exchange

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"Plans are underway to introduce the capability for users to sell cryptocurrencies for fiat currencies using MoonPay."

In order for the full adoption of cryptos into the new Digital asset-based Trading System to occur, we still need the following things to be done:

* Regulatory clarity
* Bilateral derivative Market innovation in decentralized Finance
* Crypto reporting rules

All three of these are in process. They are in their final stages. Crypto reporting rules have been delayed for the time being, but they are simply amending that particular one.

© Goldilocks

Coin Gape Link
EY Link
Coin Gape Link 2

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Banking Announcements on ETFs:

OAKVILLE, Ontario — Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce the completion of the initial offering of Class A and U Units of the Harvest Premium Yield 7-10 Year Treasury ETF and Class A Units of the Harvest Canadian T-Bill ETF pursuant to a prospectus dated January 8, 2024, filed with the securities regulatory authorities in all of the Canadian provinces and territories.

The Class A and U Units of the Harvest Premium Yield 7-10 Year Treasury ETF will commence trading on the Toronto Stock Exchange (“TSX”) today under the following ticker symbols: HPYM:TSX (“HPYM”) and HPYM.U:TSX (“HPYM.U”) respectively. The Class A units of the Harvest Canadian T-Bill ETF will commence trading on the TSX today under the following ticker symbol: TBIL:TSX (“TBIL”).

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WEF Tokenization debate: Does 'same activity, same rules' make sense? - Ledger Insights - blockchain for enterprise |  Ledger Insights

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As Davos crowd gathers, governments urged to rein in 'billionaire class' |  Reuters

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Updated: Date for Digital Asset Reporting is Here–Although Regs Have Not Been Made Widely Known Yet | JDSupra

If you receive more than $10,000 in digital assets in one transaction (or a series of related transactions), the Infrastructure Investment and Jobs (“Infrastructure Act”) that was passed in 2021, made January 1, 2024 the effective date for reporting transactions to the IRS and the Financial Crimes Enforcement Network (“FinCEN”). The report must be filed within 15 days after receiving the digital assets.
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"5 'Dogs of the Dow' Stocks Poised to Outshine the Broader Market Once Again" | Investing
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World Economic Forum 2024 is Bullish for Ripple, XRP |  CoinStats 

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ENERGY, CURRENCIES AND CHANGE. 🌎 2024: The year of change.  Gold Telegraph on Twitter X

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Do The Numbers Tell A Silver Shortage Story?

Total silver mine production is now at its second-lowest in a decade, pointing to an undeniable undervaluation of silver.

The fascinating twist lies in the fact that as mine supply shrinks, industrial demand skyrockets, echoing a clear message: the current silver price is too low to match the market realities. Investing Haven Link

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