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Seeds of Wisdom RV and Economic Updates Wednesday Morning 1-8-25

Good Morning Dinar Recaps,

BRICS TO KEEP DITCHING THE US DOLLAR IN 2025: ALLIANCE CONFIRMS

On the heels of immense threats from the West and geopolitical concerns brewingthe BRICS economic alliance appears to remain steadfast in its commitment to ditching the US dollar in 2025Indeedthe collective has seemingly confirmed the matteras recent discussion pointed to their belief in de-dollarization as a certain necessity.

US President-elect Donald Trump has been outspoken in his defense of the greenbackThroughout this campaign for reelection, he continually reiterated the importance of keeping the dollar as the world’s currency. After his victory, he issued a warning to BRICS specifically, threatening 100% tariffs on the bloc seeking to create their own dollar alternative.

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BRICS to Keep Ditching the US Dollar Despite Trump Threats And There’s One Key Reason Why

The last year has seen the BRICS economic alliance continue their notable ascent. Once just a five-nation collective, the group phase doubled in size with its most recent expansion. Moreover, it has big plans for the global economic market that have seen the West take an undeniably favorable stance.

Although Trump has warned of impending repercussionsthe BRICS bloc has reiterated that they are likely to keep ditching the US dollar in 2025 through a recent confirmationIndeedthe group discussed the reality that de-dollarization is a necessity so long as the United States continues doing one thing.

In a recent statement, former International Monetary Fund director and Brazilian economist Paulo Nogueira Batista Jr. discussed the fact that sanctions are driving the bloc’s actions. Batista spoke to Russian President Vladimir Putin directly and relayed the foundation of its financial actions as an alliance.

“We are not against the dollar. It is the dollar that is against us,” he said in a recent interview. “Cahellengin the dollar and the US economy would not be possible, and in any case, it’s not our objective. The BRICS will serve to make us immune to sanction.”

So long as the United States continues sanctioning nations like Russia and Iranthe BRICS bloc is unlikely to shift on its de-dollarization approaches. However, that has not stopped dissension within the group from forming.

India has recently spoken about its desire to work with the incoming Trump regimeMoreover, the president-elect stated that he has been in direct contact with ChinaSpecifically, hinting at the country taking a similarly collaborative approach.

@ Newshounds News™

Source:  Watchwe Guru

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RIPPLE CEO MEETS DONALD TRUMP: A MAJOR ANNOUNCEMENT LOOMING FOR XRP?

Ripple CEO Brad Garlinghouse has confirmed a significant meeting with President Elect Donald Trump, held at Trump’s Mar-a-Lago resort Jan 7, 2025. Accompanied by Ripple’s Chief Legal Officer Stuart Alderoty, the dinner highlights Ripple’s expanding influence amidst the changing regulatory environment in the US, sparking optimism for the crypto market in 2025.

With plans to slay 2025 with IPO and stablecoin Ripple is all set to acquire its lost territoryThis closed-door meeting could be much more than just what we can imagineAre we expecting an XRP ETF too?

Ripple’s Dinner Date with TrumpWhat’s Cooking?

On the social media platform XGarlinghouse shared his excitement about the meetingdescribing it as a “great start to 2025.” 

Alderoty also commented on the event with a lighthearted remark about the menu, but the dinner carries weighty implicationsIt comes as Ripple celebrates recent court victories against the U.SSECsolidifying its position as a leader in the crypto space.

The meeting hints that Ripple can get through the legal battle with SEC and this meeting is very crucial since Ripple and the wider industry are manifesting for a dismissal of Ripple vs SEC setting a crypto milestone.

Ripple is not losing ground

Ripple’s groundbreaking legal victory against the SECwhich had accused the company of selling unregistered securities via XRPcontinues to shape its future

Attorney John E. Deatona pro-XRP advocate, noted that Ripple’s transparency throughout the case underscored the SEC’s aggressive litigation tacticsDespite these challengesRipple emerged strongeropening doors for further advancements in the cryptocurrency sector.

Amid this legal progress, analysts are optimistic about XRP’s potential. Some forecasts predict the token could surge to $3, driven by increasing adoption and confidence in Ripple’s solutions. XRP currently trades at $2.44, with a 14% rise over the past week, signaling strong market momentum.

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Expanding U.S. Operations

Ripple is also shifting focus back to the U.S. market, with 75% of its new positions now based domestically. The company secured more U.S. business contracts in late 2024 than in the previous six months combined, signaling robust growth. At the same time, political discussions, including those between Senator Cynthia Lummis and SEC chairman candidate Paul Atkins, emphasize the importance of regulatory reform to foster digital asset innovation.

Ripple is currently holding its market position with new product launchessuch as the RLUSD stablecoinwhich is set to expand across multiple platformsThe company has also partnered with Chainlink to integrate secure pricing into the DeFi ecosystem, further boosting its valuation.

As Ripple enters 2025, this epic meeting with Trump symbolizes a transformative year ahead, both for the company and the broader crypto space. With legal wins, product innovation, and strategic collaborations, Ripple is poised to lead the blockchain industry.

@ Newshounds News™

Source:  Coinpedia

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