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XRP NEWS: RIPPLE SET TO BUY HIDDEN ROAD FOR $1.25B IN STRATEGIC DEAL
▪️Ripple acquires Hidden Road for $1.25B, becoming the first crypto firm to own a global multi-asset prime broker.
▪️The acquisition will see Ripple's stablecoin RLUSD used as collateral and Hidden Road's post-trade on XRP Ledger.
▪️This major deal, amidst positive regulatory shifts, positions Ripple and Hidden Road to bridge traditional and decentralized finance.
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XRP NEWS: RIPPLE SET TO BUY HIDDEN ROAD FOR $1.25B IN STRATEGIC DEAL
▪️Ripple acquires Hidden Road for $1.25B, becoming the first crypto firm to own a global multi-asset prime broker.
▪️The acquisition will see Ripple's stablecoin RLUSD used as collateral and Hidden Road's post-trade on XRP Ledger.
▪️This major deal, amidst positive regulatory shifts, positions Ripple and Hidden Road to bridge traditional and decentralized finance.
Ripple has taken a major step forward by agreeing to acquire one of the fastest-growing prime brokerages in the world. This deal marks a big moment for the company and the crypto industry, as Ripple becomes the first crypto firm to fully own and operate a global, multi-asset prime brokerage platform.
Ripple announced it will acquire Hidden Road for $1.25 billion. This is one of the largest acquisitions in the digital asset space so far, signaling Ripple’s serious commitment to expanding its reach into traditional finance.
Ripple’s Stablecoin Steps Into the Spotlight
One of the most important aspects of this deal is the boost it gives to Ripple’s stablecoin, RLUSD. Hidden Road will now use RLUSD as collateral across its services, making it the first stablecoin to allow smooth cross-margining between crypto and traditional markets. This gives RLUSD a strong foothold in real-world financial applications.
As part of the agreement, Hidden Road will shift its post-trade operations to the XRP Ledger (XRPL). This move aims to lower costs and improve efficiency, highlighting XRPL’s value as a preferred option for institutional decentralized finance (DeFi).
Ripple also plans to improve its Ripple Payments platform by reducing costs, increasing liquidity, and offering secure, bank-grade digital asset custody to Hidden Road’s institutional clients.
Hidden Road’s Global Presence Set to Expand
Hidden Road already handles more than $3 trillion in trading volume each year for over 300 major institutions. With Ripple’s support, the firm is now set to grow even more and could soon become one of the largest non-bank prime brokers in the world. This partnership is a key step in connecting traditional finance with the decentralized world.
This is the second billion-dollar crypto deal of 2025, showing strong momentum for the digital asset industry. Under President Trump’s administration, the market is growing more optimistic about relaxed crypto regulations.
Earlier in March, major crypto exchange Kraken announced a $1.5 billion deal to acquire retail futures trading platform NinjaTrader. That move allows Kraken to expand into new asset classes and grow its user base.
Ripple Hints At Collab With Cardano
Adding more buzz, Ripple recently released a video about tokenization that included the Cardano logo. This led to speculation about a possible partnership between the two companies.
The video focused on the potential of real-world asset (RWA) tokenization, which could reach $18.9 trillion by 2033. While the community is excited, neither Ripple nor Cardano has confirmed any collaboration yet.
Ripple CEO Brad Garlinghouse commented on the deal, saying the crypto industry is entering a new and promising phase. For the first time, the U.S. market is becoming truly open to digital assets, as the regulatory confusion from earlier leadership begins to clear up. At the same time, the crypto space is maturing and starting to meet the standards of traditional finance.
According to Garlinghouse, this moment presents a huge opportunity for growth and mainstream adoption.
@ Newshounds News™
Source: Coinpedia
Video Link
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BRICS: INDIA TO TURN ON US, JOIN CHINA IN TRADE WAR?
With the arrival of United States President Donald Trump’s Liberation Day economic policy, the world has been subject to an influx of tariffs. Now, despite its increased relationship with the country, BRICS nations may band together, with India potentially joining with China amid a brewing trade war with the US.
A Chinese Embassy spokesperson in India recently called for the nation to stand with its BRICS ally against the US Trump administration. Specifically, spokesperson Yu Jing called for the nations to join forces to “overcome the difficulties” of the recent tariff plan, according to a Reuters report.
BRICS Nations to Join Forces? China Calls for India to Stand With It in Opposition to Trump Tariffs
In early April, US President Donald Trump threw a wrench into global economics. Indeed, he announced the arrival of a baseline 10% tariff on nearly every trading partner that the country has. The increasingly aggressive economic policy was instituted to facilitate balanced trade for the nation, the administration assures.
However, its presence has forced a host of nations to respond. Among the most concerning answers have been from East Asia, which has vowed to fight the policy. Now, it is calling on its BRICS ally in India to stand with China as it is set to engage in a trade war with the US.
Chinese Embassy spokesperson Yu Jin recently said the two sides should come together amid the action. “China-India economic and trade relationships are based on complimentary and mutual benefit. Facing the US abuse of tariffs… the two latest developing countries should stand together to overcome difficulties.”
The only problem is that both nations took radically different approaches to their response to the Trump tariffs. Specifically, India has already ruled out reciprocal action. Indeed, it noted that it was seeking to secure a negotiated trade deal with the United States amid the policy.
Alternatively, Chian has not been as diplomatic. According to a recent report, the country has vowed to “fight to the end” in response to the looming trade war. The US president has threatened an additional 50% tariff on China, with the Eastern Asian power calling it “blackmail.”
@ Newshounds News™
Source: Watcher Guru
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XRP LAWSUIT NEWS: SEC OPPOSES EMERGENCY REQUEST FOR ‘DECISIVE EVIDENCE’ IN RIPPLE CASE
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially come to an end, as confirmed by Ripple CEO Brad Garlinghouse just a few days ago.
While the announcement was met with celebrations among Ripple supporters and the broader crypto community, the XRP price failed to react as positively as expected. This muted response has led to growing anticipation and calls from XRP enthusiasts for an official statement or confirmation from the SEC.
Adding to the intrigue, an unusual filing recently appeared in the SEC vs. Ripple docket. A man named Justin W. Keener submitted an emergency request seeking to “present decisive evidence in favor of the defendants and in favor of liberty for the American people.”
The letter, however, left many questions unanswered. It doesn’t clearly specify what the so-called ‘decisive evidence’ entails or how it would benefit Ripple’s case. Keener hints that the evidence may relate to physical investment contracts he has been collecting, though details remain scarce.
In response, the SEC has filed an opposition to Keener’s request. According to Fox Business’ Eleanor Terrett, the SEC argues that the motion should be denied for several reasons.
First, they claim the District Court no longer has jurisdiction over the matter since the case has moved to the Second Circuit.
Second, they assert that Keener failed to file the proper motion to intervene in the case. Lastly, the SEC contends that the request is unnecessary because Ripple is fully capable of deciding for itself whether the evidence in question could be helpful.
The SEC is now asking Judge Analisa Torres to dismiss Keener’s request entirely, arguing that it holds no legal standing and that the case has already reached a conclusion.
@ Newshounds News™
Source: Coinpedia
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COINBASE TO INTRODUCE 24/7 FUTURES TRADING FOR BITCOIN AND ETHEREUM ON MAY 9
▪️Coinbase Derivatives has announced the launch of 24/7 Bitcoin and Ethereum futures trading for US traders on May 9.
▪️The launch will allow US-based crypto derivatives investors to trade Bitcoin and Ethereum futures contracts round-the-clock.
▪️The contracts will be backed by Coinbase Financial Markets and cleared through Nodal Clear, ensuring clear institutional framework.
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COINBASE TO INTRODUCE 24/7 FUTURES TRADING FOR BITCOIN AND ETHEREUM ON MAY 9
▪️Coinbase Derivatives has announced the launch of 24/7 Bitcoin and Ethereum futures trading for US traders on May 9.
▪️The launch will allow US-based crypto derivatives investors to trade Bitcoin and Ethereum futures contracts round-the-clock.
▪️The contracts will be backed by Coinbase Financial Markets and cleared through Nodal Clear, ensuring clear institutional framework.
Coinbase greenlights 24/7 futures trading for Bitcoin and Ethereum Futures
Coinbase has announced the decision to launch 24-hour trading functionality for US-based traders on May 9 2025, just 24 hours after the US congress advanced a bill for crypto stablecoin regulations. However, until now, US traders have faced limited access due to fixed market hours and contract expiration policies.
By introducing 24/7 trading, Coinbase aims to eliminate inefficiencies that prevent traders from reacting to price movements in real time.
Perpetual futures to bridge US trading inefficiencies
In addition to continuous trading access, Coinbase is also developing a perpetual-style futures contract. Unlike standard futures, these contracts do not have expiry dates, allowing traders to maintain positions indefinitely.
The new perpetual-style contracts aim to provide US traders with more efficient hedging and strategy execution.
Without the constraints of fixed expirations, traders can implement long-term positions without disruptions. Furthermore, the introduction of a regulated perpetual futures market within the US could reduce reliance on offshore exchanges, which have historically offered more competitive alternatives.
Crypto Regulations remain a crucial factor. In recent years, Coinbase has worked closely with the Commodity Futures Trading Commission (CFTC) to ensure compliance while expanding derivatives offerings to altcoins.
The US Congress also advanced a bill for Crypto stablecoin regulations this week as the Trump administration continues to push for crypto reserves, to mitigate mounting national debt.
Key points Coinbase users must note:
▪️Coinbase Derivatives launches 24/7 Bitcoin and Ethereum futures for US traders on May 9.
▪️The exchange is developing perpetual-style futures to eliminate contract expirations, enhancing trading flexibility within US markets.
▪️Coinbase's move is expected to boost institutional crypto adoption while reducing the need for offshore derivatives platforms.
Currently, derivatives account for over 75% of total crypto trading volume globally, according to CCdata.
Investors anticipate that the Coinbase imminent furtures trading launch could drive more capital inflows towards BTC and ETH derivatives markets.
At press time Bitcoin futures open interest stands at $53 billion according to Coingecko data, up 1.6% within the last 24 hours.
Market participants anticipate that the upcoming futures launch and perpetual contract developments will drive greater institutional participation in US-based crypto derivatives.
Perpetual futures lack expiration dates, enabling traders to hold positions indefinitely, providing better flexibility for long-term strategies.
@ Newshounds News™
Source: FX Street
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XRP AND U.S. TREASURY: RIPPLE MIGHT GIFT XRP AS CODE TO THE GOVERNMENT
John Squire, a social media influencer with a growing presence in the digital asset space, posted a tweet raising the possibility that XRP could be incorporated into the U.S. government infrastructure through non-commercial means.
In his post, Squire stated, “XRP x U.S. Treasury. This ain’t hype, it’s infrastructure. Ripple might gift $XRP as code to the gov. They won’t buy it… they’ll use it. Are you watching or still sleeping?”
The Concept of a Gratis Vendor
Squire’s message was accompanied by a short video clip (link below) of an interview in which an unidentified speaker (Newshounds believes it is Commerse Secretary Howard Lutnick) described the process of becoming a “gratis vendor” for the U.S. government. The speaker explained that a gratis vendor is an approved entity that gives, rather than sells, a product or service to the federal government.
According to this explanation, when a vendor provides a product as a gift—especially if offered to an entity under Article II of the U.S. Constitution, which includes the executive branch—the product may be accepted without going through standard procurement procedures.
In the interview, the first speaker said, “What is a gratis vendor? A gratis vendor is an approved vendor for the United States of America that gives product to the government, doesn’t sell it. Therefore, I don’t have to go through the whole process of becoming a proper vendor because you’re giving it to us.”
The speaker went on to say that if the product is gifted to a government department, it bypasses much of the bureaucracy typically involved in federal acquisitions.
Implications for XRP and Ripple
Squire used this segment to suggest that Ripple Labs could utilize the gratis vendor model to offer XRP or XRP-related code to the U.S. government as a non-commercial resource.
The core implication in Squire’s statement is that Ripple would not sell XRP to the government but provide it or its infrastructure freely for governmental use.
The tweet did not contain any formal confirmation from Ripple or any government entity that such an arrangement is currently in place. However, it aligns with previous conversations in the digital asset space about the potential role of XRP in the modernization of governmental and financial systems.
Squire’s emphasis on the infrastructure aspect of the tweet indicates that he sees this potential move not as a marketing strategy or speculative hype but as a functional step toward broader adoption of distributed ledger technology within federal agencies.
Current Status and Outlook
If Ripple pursues this approach, it could theoretically allow government entities to evaluate or deploy XRP-powered systems without needing to engage in standard procurement or regulatory clearance typically required for financial acquisitions. While speculative, Squire’s commentary underscores the view held by some in the digital asset community that XRP’s real-world utility could extend into official public-sector functions.
@ Newshounds News™
Source: Times Tabloid
Video Clip: X com
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FIRST-EVER XRP ETF TO LAUNCH IN US TUESDAY; SPOT ETF STILL PENDING
▪️Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market.
▪️Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC.
▪️One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
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FIRST-EVER XRP ETF TO LAUNCH IN US TUESDAY; SPOT ETF STILL PENDING
▪️Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market.
▪️Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC.
▪️One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
Vermont-based asset manager Teucrium Investment Advisors LLC is launching the first XRP-based exchange-traded fund in the U.S. market on Tuesday.
The Teucrium 2x Long Daily XRP ETF (XXRP) is a leveraged fund based on the world's fourth-largest cryptocurrency by market capitalization, designed to provide investment results that correspond to twice the daily price performance of XRP.
"If you have a short-term high-conviction view on XRP prices, you may consider exploring the Teucrium 2x Long Daily XRP ETF," the company said on the website.
According to its description, XXRP starts trading on April 8 on NYSE Arca, with monthly distributions at a 1.85% management fee ratio.
On the Depository Trust and Clearing Corporation's (DTCC) official list of active and pre-launch U.S. ETFs, Teucrium's XXRP stands as the only XRP-related fund.
"A 2x XRP ETF is launching [tomorrow] in the U.S., the first-ever XRP ETF on the market," Bloomberg Senior ETF Analyst Eric Balchunas said in a post on X.
"Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, [although] our odds are pretty high," Balchunas added.
Demand for spot ETF uncertain
Multiple U.S. issuers, including Grayscale, WisdomTree and Bitwise, have filed applications with the U.S. Securities and Exchange Commission following waves of positive changes in crypto regulation led by President Donald Trump.
Several spot XRP ETF filings have been acknowledged by the SEC earlier this year, suggesting the review process is moving forward.
Meanwhile, Ripple Labs, the company that created and supports the growth of XRP, agreed to settle with the SEC last month, ending their years-long legal battle over whether XRP counts as a financial security. Ripple agreed to pay a fine of $50 million, reduced from the $125 million that was imposed last August.
"With the SEC dropping its appeal, a key legal hurdle is out of the way, making XRP ETF approval more likely," said Min Jung, research analyst at Presto Research. "If any new spot ETFs are approved after Bitcoin and Ethereum, XRP or Solana are strong contenders."
However, Jung noted that demand for spot XRP ETFs remains uncertain. "Ethereum ETFs have seen limited traction, and institutions still largely believe 'there is no second best,'" Jung said.
According to The Block's XRP price page, the cryptocurrency is trading at $1.91 as of 11:00 p.m. ET on Monday, up 0.64% in the past 24 hours.
@ Newshounds News™
Source: The Block
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HONG KONG SFC ISSUES NEW CRYPTO STAKING RULES: WHAT’S CHANGING?
▪️Hong Kong's SFC issues new rules for licensed crypto platforms and funds involved in staking.
▪️The guidelines aim to boost blockchain security, offer regulated yields, and enhance investor protection.
▪️These moves are part of Hong Kong's "ASPIRe" plan to become a leading regulated virtual asset hub.
Hong Kong is stepping up its game in the crypto space. In a move to tighten oversight and improve investor safety, the city’s Securities and Futures Commission (SFC) has rolled out new rules for virtual asset trading platforms and authorised funds involved in staking.
The move is part of the city’s efforts to tighten oversight and create a safer, more structured crypto market.
From clearer rules to new opportunities for investors, the SFC’s latest update could signal a turning point. Here’s what’s changing, and why it matters.
Regulated Crypto Staking: A Step Forward
The updated rules highlight key benefits of staking—such as improving blockchain security and helping investors earn yields—all within a regulated environment. These guidelines give licensed crypto platforms more flexibility to offer staking services, supporting the SFC’s “ASPIRe” strategy to grow Hong Kong’s virtual asset industry.
The SFC has set out clear requirements for platforms that offer staking. These include protecting staked assets, avoiding service disruptions, and being transparent about the risks involved. This marks a major step toward making staking safer for investors in Hong Kong.
Funds Can Stake – But Within Limits
The SFC also updated its circular for SFC-authorised virtual asset (VA) funds. These funds can now stake assets—but only through licensed platforms or approved institutions. To reduce risk, a cap has been set on how much they can stake. This helps manage liquidity and further protect investors.
SFC CEO Julia Leung said that expanding regulated crypto services is key to growing Hong Kong’s virtual asset market. At the same time, she stressed that protecting investors must remain the top priority through strong regulation and compliance.
A Global Crypto Hub in the Making
The SFC is actively working to position Hong Kong as a global digital asset hub. Its ASPIRe framework—short for Access, Safeguards, Products, Infrastructure, and Relationships—aims to make it easier for platforms to enter the market while strengthening investor protections.
In February 2025, the SFC announced plans to launch new licensing regimes for over-the-counter (OTC) virtual asset trading and custody services. These new rules are aimed at improving market efficiency and boosting investor confidence.
As the crypto world keeps moving fast, Hong Kong clearly wants the rules to keep pace – and stay one step ahead.
@ Newshounds News™
Source: Coinpedia
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THE FUTURE OF FINANCE – HOW TOKENIZATION IS RESHAPING GLOBAL MARKETS
Introduction – The dawn of a new financial era
The financial industry is undergoing one of the most transformative shifts in history, fueled by blockchain technology and digital assets.
Among these advancements, tokenization stands out as a game-changer, poised to revolutionize asset ownership, investment accessibility and global liquidity.
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THE FUTURE OF FINANCE – HOW TOKENIZATION IS RESHAPING GLOBAL MARKETS
Introduction – The dawn of a new financial era
The financial industry is undergoing one of the most transformative shifts in history, fueled by blockchain technology and digital assets.
Among these advancements, tokenization stands out as a game-changer, poised to revolutionize asset ownership, investment accessibility and global liquidity.
But how exactly is tokenization reshaping the financial markets, and what does the future hold for investors? Let’s explore.
Understanding tokenization in finance
Tokenization refers to the process of converting RWAs (real-world assets) – such as real estate, stocks, commodities or even fine art – into digital tokens on a blockchain.
These tokens represent fractional ownership of an asset, allowing for secure, transparent and efficient trading without the need for traditional intermediaries.
This concept is not entirely new, but recent advancements in blockchain infrastructure have made tokenized assets more viable than ever.
The key benefits include the following.
▪️Increased liquidity – Tokenized assets can be traded 24/7, providing liquidity to traditionally illiquid markets like real estate.
▪️Fractional ownership – Investors can own a portion of high-value assets, lowering entry barriers and democratizing investment opportunities.
▪️Security and transparency – Blockchain ensures that transactions are immutable, reducing fraud and enhancing investor confidence.
▪️Faster settlement times – Traditional financial settlements can take days, whereas blockchain-based transactions are nearly instantaneous.
Industries leading the tokenization movement
Tokenization is disrupting multiple industries, from real estate to fine art and beyond.
Here are some notable examples.
1. Real Estate
Property tokenization allows investors to purchase fractional ownership in high-value real estate properties.
Companies like RealT and Lofty AI are already leveraging blockchain to make real estate investment more accessible.
2. Stock markets
Stock exchanges are exploring tokenized securities, which could enable global 24/7 trading without intermediaries.
For instance, the Swiss SDX (SIX Digital Exchange) has introduced tokenized bonds and equities.
3. Commodities and precious metals
Gold-backed tokens – such as Paxos Gold (PAXG) and Tether Gold (XAUT) – provide a digital alternative to physical gold investments with seamless global trading.
4. Alternative assets – Art, collectibles and IP rights
Platforms like Masterworks enable investors to own shares of high-value artwork, turning exclusive assets into tradable digital securities.
Challenges and regulatory landscape
Despite its advantages, tokenization still faces regulatory hurdles. Financial authorities worldwide are grappling with how to classify and oversee tokenized assets.
Will they be treated as securities? How will taxation and investor protections evolve?
The answers will shape the trajectory of this revolutionary technology.
The future of tokenized finance
As institutional investors warm up to digital assets, tokenization is likely to become a mainstream financial instrument.
In the coming years, we can expect the following.
▪️More government-backed tokenized assets – e.g., CBDCs (central bank digital currencies)
▪️Integration with traditional finance – hybrid models combining blockchain and conventional banking
▪️Wider adoption in emerging markets, where access to traditional banking is limited
Conclusion – Are we ready for the tokenized economy
Tokenization is no longer a futuristic concept – it’s happening now.
The next decade will likely see a profound shift toward digitized financial systems, with blockchain at the core. Investors, institutions and regulators must collaborate to ensure a secure, scalable and inclusive financial ecosystem.
@ Newshounds News™
Source: DailyHodl
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US PRESIDENT TRUMP THREATENS ADDITIONAL 50% TARIFFS ON CHINA
US President Donald Trump is threatening an additional 50% tariff on China if Bejing doesn’t remove its retaliatory duties on US exports. The latter brought its own 34% tariff increase on the United States in response to Trump’s tariff announcement last week. Trump says he will implement the additional 50% tariff if China’s duties aren’t lifted by April 8.
Global stock markets, especially in the US, are being heavily hit on Monday, thanks to Trump’s tariffs. U.S. markets opened sharply lower Monday for a third trading session, as Trump’s tariffs paralyze global trade and investment. Asian markets also plunged overnight, with stock indexes in Singapore, Australia, Japan, South Korea, and India all suffering losses.
Trump Threatens More Tariffs
In a post to his Truth Social account, Trump said the following about new tariffs for China:
“Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set.
Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated!”
Today, the White House also dismissed a wire headline that said Trump is considering pausing new tariffs for 90 days. Several economic experts and billionaires say that the new Tariffs from the US threaten a recession that could last for years. Further, the tariffs could even spur more enemies for the US, with more than just China being hit hard.
European Union President Ursula von der Leyen said the EU is willing to negotiate tariffs with the U.S. However, von der Leyen also said the bloc will prepare to retaliate similarly to China.
With threats of a recession and potential economic battles between the US and other world powers, many suggest that the US tariffs are backfiring. Experts aren’t surprised, though, as threats of such an event happening were raised when Trump first brought around Tariff talks in his first presidency.
The White House has yet to comment on Trump’s social media post claiming an additional 50% tariff on China.
@ Newshounds News™
Source: Watcher Guru
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US FEDERAL AGENCIES TO REPORT CRYPTO HOLDINGS TO TREASURY BY APRIL 7
While federal agencies are required to report their holdings to the Treasury secretary, they are not required to disclose their holdings to the public.
US federal agencies are expected to disclose their cryptocurrency holdings to the Department of the Treasury by April 7, following an executive order signed by President Donald Trump earlier this year.
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US FEDERAL AGENCIES TO REPORT CRYPTO HOLDINGS TO TREASURY BY APRIL 7
While federal agencies are required to report their holdings to the Treasury secretary, they are not required to disclose their holdings to the public.
US federal agencies are expected to disclose their cryptocurrency holdings to the Department of the Treasury by April 7, following an executive order signed by President Donald Trump earlier this year.
Citing an unidentified White House official, journalist Eleanor Terrett reported that the deadline for federal agencies to report their crypto holdings to Treasury Secretary Scott Bessent is April 7.
The disclosures will remain confidential for now. “Unclear as of now if and when the findings could be made public,” Terrett wrote.
Crypto disclosure follows Bitcoin Reserve establishment
The reporting requirement followed an executive order signed on March 7 that directed the creation of a Strategic Bitcoin Reserve and a broader Digital Asset Stockpile. The Bitcoin reserve will be seeded with BTC forfeited to federal agencies through civil or criminal asset seizures.
White House AI and crypto czar David Sacks described the reserve as a “digital Fort Knox for the cryptocurrency,” saying that the US will not sell any BTC held in the reserve. “It will be kept as a store of value,” Sacks added.
Sacks previously lamented the US government’s sales of 195,000 BTC for $366 million. The official said the BTC sold by the US government could’ve gone for billions if it had only held on to the assets.
The reserve will initially be seeded by the BTC kept by the Treasury, while the other federal agencies will “evaluate their legal authority” to transfer their BTC into the reserve.
Regarding the digital asset stockpile, Sacks said it would promote “responsible stewardship” of the government’s crypto assets under the Treasury.
On March 2, Trump said that the crypto reserve would include assets like XRP, Solana and Cardano. The president later added Ether and Bitcoin to his crypto reserves list.
Crypto plunges as Trump tariffs shock global stocks
While Trump’s election may have positively impacted crypto markets, the US president’s next move has resulted in a market crash.
On April 5, the Trump administration hit all countries with a 10% tariff. Some countries were given higher rates, including China at 34% and Japan at 24%. The European Union was also hit with a 20% tariff.
Following Trump’s move, the overall crypto market capitalization declined by over 8%, slipping to $2.5 trillion.
@ Newshounds News™
Source: CoinTelegraph
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RIPPLE CEO ASKS IMF IF THEY’LL HOLD XRP—CLIP SENDS XRP ARMY INTO OVERDRIVE
▪️Ripple boss’ question regarding the position of IMF on XRP has ignited excitement within the ecosystem as analysts hint at a “grand plan” behind the scenes.
▪️According to a legal representative of the IMF, its legal framework demands that at least one country should adopt a crypto asset as a currency before the institution can make a decision to hold it.
Ripple CEO Brad Garlinghouse has elated enthusiasts as he asks the Deputy General Counsel in the International Monetary Fund’s (IMF) Legal Department, Ross Leckow, whether they have an interest in holding XRP.
In an X post shared by analyst Xaif, this discussion occurred at the Singapore Fintech Festival. Leckow, who prefaced his response, highlighted that he does not want to delve deep into the IMF’s position.
However, his conservative approach and reaction to this question, according to Xaif, implies that the IMF is making a significant move behind the scenes. Following his feedback, Garlinghouse humorously stated that Leckow appeared speechless at his question.
To clarify the confusion, the IMF’s legal team representative explained that its operation under the existing legal framework demands that at least a country has to legally recognize a digital asset as its official currency before the IMF could hold a crypto asset.
While no major economy has officially adopted a digital asset, several countries have taken the initial step to integrate blockchain-related solutions into their financial systems. Additionally, the US has taken the bold decision to create a strategic Bitcoin reserve, increasing the odds of future adoption as an official currency.
The IMF’s position on crypto integration has always been clear. According to them, their adoption could affect the effectiveness of monetary policy transmission, fiscal sustainability, as well as capital flow management measures due to their volatile nature.
Speaking at a joint conference with the South Korean government and central bank In 2023, the IMF’s Kristalina Georgieva stressed the need to avoid the negative effects of cryptos.
Our goal is to make a more efficient, interoperable and accessible financial system by providing rules to avoid the risks of crypto, and infrastructure by leveraging some of its technologies.
Garlinghouse Makes a Case for XRP
Garlinghouse earlier spoke comprehensively about the role of XRP during an event which had the IMF and the Swiss National Bank participating. As detailed in our last news piece, Garlinghouse explained that the creation of XRP was influenced by developers who recognized the limitations of Bitcoin. According to him, Bitcoin has scalability issues coupled with slow and expensive transactions.
Also, Garlinghouse spoke about how the traditional banking system has failed to fully serve some countries and payment systems. To address these challenges, he highlighted that XRP ensures that liquidity access is democratized while improving financial inclusion.
As featured in our recent coverage, the Ripple boss is expected to make more disclosure about upcoming updates and the ongoing development around the ecosystem in the much anticipated XRPL Apex 2025.
Following the recent discussions with the IMF legal representative and the hype surrounding Leckow’s reactions, XRP investors made a marginal move into the market, pushing the price up by 1.8% in just 24 hours. At press time, the asset was trading at $2.1 with a market cap of $124 billion.
According to our recent analysis, XRP could stage a bullish reversal to $6 in the short term once the market regains momentum.
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Source: Crypto News Flash
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CRYPTO NEWS TODAY: SEC’S MARK UYEDA INVESTIGATES BILL HINMAN’S 2018 ETHER SPEECH
Big news from the SEC—Acting Chair Mark Uyeda has asked the team to take a fresh look at how the government is currently handling crypto risks and regulations. This comes as part of an effort to align with Executive Order 14192, which focuses on cutting red tape and making regulations more business-friendly.
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CRYPTO NEWS TODAY: SEC’S MARK UYEDA INVESTIGATES BILL HINMAN’S 2018 ETHER SPEECH
Big news from the SEC—Acting Chair Mark Uyeda has asked the team to take a fresh look at how the government is currently handling crypto risks and regulations. This comes as part of an effort to align with Executive Order 14192, which focuses on cutting red tape and making regulations more business-friendly.
One of the first targets is the 2019 Framework for Investment Contract Analysis of Digital Assets. This document was based on a 2018 speech by former SEC official Bill Hinman, where he suggested that whether a crypto token is considered a security depends more on how centralized the project is, rather than how it was sold. That idea has been pretty controversial in the crypto world, and it looks like the SEC is ready to reconsider it.
Uyeda isn’t just looking at Bill Hinman’s 2018 crypto speech—he’s also reviewing key documents, including:
▪️A 2022 guide for crypto companies on market chaos and bankruptcies.
▪️A 2021 risk alert about crypto investor threats due to unclear rules.
▪️A 2020 memo questioning if banks can legally hold digital assets.
▪️A 2021 advisory on mutual funds investing in Bitcoin futures.
▪️A 2020 note on COVID-19’s impact on company disclosures.
The review aims to roll back some of the stricter rules put in place during Gary Gensler’s time as SEC Chair. Gensler was known for his tough stance on crypto, which many felt was more about blocking innovation than protecting investors. His approach even got called “arbitrary and capricious” by courts more than once.
Now, with Uyeda leading the charge and folks like Hester Peirce and Paul Atkins pushing for more transparency, it looks like the SEC is opening up. They’ve been holding crypto roundtables, meeting with industry leaders, and even had a sit-down with BlackRock recently to discuss crypto ETFs and related issues.
It’s clear the SEC is starting to clean house, getting rid of outdated rules, and making room for a crypto-friendly future. Investors and crypto enthusiasts are definitely watching closely to see what changes come next.
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Source: Coinpedia
~~~~~~~~~
GEORGIA MOVES TO ADD BLOCKCHAIN, CRYPTOCURRENCY, AND WEB3 TO SCHOOL CURRICULUM
Georgia moves to add blockchain and crypto lessons in schools to prepare students for careers in the digital economy.
▪️Georgia plans to teach blockchain and crypto in schools to prepare students for future careers.
▪️Lawmakers want students to build digital skills early to close the gap in modern education.
▪️Georgia aims to lead in blockchain by adding lessons in schools and supporting crypto policies.
Lawmakers believe schools must adapt to this financial shift. Including digital asset education will help students understand decentralized systems and digital currencies. The proposal highlights that students need skills to navigate the complex world of blockchain and crypto.
Bridging the Digital Knowledge Gap
This initiative seeks to unite traditional education models with emerging digital asset technology. The early introduction of these learning concepts helps students establish fundamental skills in new technologies. Lawmakers believe this step plays a vital role in creating a workforce ready to use emerging technology.
The resolution points out the importance of equipping students for jobs in blockchain and crypto industries. With industries adopting digital solutions, Georgia wants its students ready to lead. Schools would play a key role in shaping future innovators and professionals.
Following Global Educational Trends
Georgia’s plan follows global movements toward digital literacy in schools. For example, France has introduced Bitcoin studies in high schools. Students there explore whether Bitcoin could replace traditional currency systems.
Georgia’s resolution reflects similar goals. It seeks to ensure that students understand blockchain’s uses beyond just finance. The focus remains on preparing young learners for careers in multiple sectors that use blockchain technology.
Bipartisan Interest in Digital Legislation
The implementation of blockchain education programs by Georgia forms part of an ongoing statewide legislative agenda. Two Bitcoin Reserve Bills known as SB 178 and SB 228 were introduced to the legislative body recently. The two Bitcoin Reserve Bills demonstrate the existing bipartisan agreement about integrating Bitcoin into Georgia’s financial framework.
SB 178 enables the state treasurer to make Bitcoin investments as part of their financial portfolio. SB 228 establishes specific regulations regarding Bitcoin’s usage as well as its storage methods and transaction processes. The proposed legislation seeks to improve state finance capabilities and make the state more robust to economic changes.
Expanding Blockchain Applications
The blockchain initiatives in Georgia extend their scope into multiple sectors beyond educational and financial domains. Blockchain technology unlocks solutions to improve operations within healthcare systems, finance institutions, and supply chain management processes. Its transparent and secure nature improves data integrity and transaction security.
Lawmakers recognize these benefits and continue exploring blockchain’s potential. As global blockchain markets grow, Georgia positions itself as a leader in innovation. By integrating blockchain into education, the state prepares students to thrive in a digital economy.
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Source: Crypto News Land
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ACTING SEC CHAIR UYEDA DIRECTS STAFF TO REVIEW STATEMENTS ON CRYPTO RISKS, SECURITY LAWS
▪️Acting SEC chair Mark T. Uyeda directed SEC staff on Saturday to review several staff statements concerning cryptocurrency regulation, including letters that warn investors of risks from crypto investing and one that provides detailed guidance for applying the Howey test to digital assets.
▪️The letters, which were compiled with the help of recommendations from the Department of Government Efficiency (DOGE), will be reviewed and “…modified or rescinded consistent with current agency priorities,” Uyeda’s statement said.
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ACTING SEC CHAIR UYEDA DIRECTS STAFF TO REVIEW STATEMENTS ON CRYPTO RISKS, SECURITY LAWS
▪️Acting SEC chair Mark T. Uyeda directed SEC staff on Saturday to review several staff statements concerning cryptocurrency regulation, including letters that warn investors of risks from crypto investing and one that provides detailed guidance for applying the Howey test to digital assets.
▪️The letters, which were compiled with the help of recommendations from the Department of Government Efficiency (DOGE), will be reviewed and “…modified or rescinded consistent with current agency priorities,” Uyeda’s statement said.
Acting Securities and Exchange Commission (SEC) Chair Mark T. Uyeda directed agency staff on Saturday to review several previously issued staff statements regarding cryptocurrency investment and the application of securities laws to digital assets.
The directive, issued in accordance with Executive Order 14192—titled "Unleashing Prosperity Through Deregulation"—follows recommendations from the Department of Government Efficiency (DOGE). Uyeda noted that the staff statements will be examined to determine if they should be "modified or rescinded" to align with the current priorities of the agency.
Among the key documents slated for review, originally published in 2019, provides detailed guidance for assessing whether a digital asset is considered a security under the Howey test, which determines whether an investment involves an expectation of profits based primarily on the efforts of others.
The application of Howey with respect to digital assets is a hotly-debated legal matter, though the SEC has made some recent clarifications, noting that memecoins are largely exempt from securities laws.
Another significant staff statement under review is a 2021 SEC staff statement that strongly advises investors to exercise caution when investing in mutual funds with exposure to the Bitcoin futures market. This statement highlighted the speculative nature of Bitcoin futures, stressing the risk of market manipulation, liquidity constraints, and volatility, particularly for mutual funds.
The SEC had expressed reservations about whether the Bitcoin futures market was sufficiently mature to support exchange-traded funds (ETFs) and other investment products without compromising investor protections, though in the time since the letter, spot Bitcoin and Ethereum ETFs have amassed tens of billions in value.
Uyeda's directive also includes reviewing guidance issued in late 2022 following high-profile cryptocurrency bankruptcies. That guidance urged companies with exposure to crypto markets to transparently disclose potential impacts to investors, highlighting risks related to custody, liquidity, reputational damage, and regulatory scrutiny.
Uyeda also flagged a Risk Alert from February 2021, warning of "unique risks to investors" from digital asset trading, and a 2020 statement from the staff of the Division of Investment Management inviting industry feedback on Wyoming's statement allowing state-chartered trust companies to custody digital assets. Uyeda also directed staff to review two statements regarding COVID-19.
The SEC is currently experiencing a staff "exodus" as hundreds of staffers take buyout offers, Reuters recently reported. More than 600 people have accepted voluntary buyout offers and agreed to leave the SEC, according to the report, more than 12% of the agency's staff. The SEC could not be immediately reached for comment by The Block.
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Source: The Block
~~~~~~~~~
WHAT ARE SEC’S NEW “COVERED STABLECOINS”? TETHER’S USDT MAY NOT QUALIFY!
▪️The SEC clarified that some stablecoins meeting strict criteria may not be securities.
▪️This new guidance is welcomed by some for providing clarity but criticized by others for oversimplifying risks.
▪️Tether is reportedly considering launching a new USD-backed stablecoin to comply with the SEC's guidelines.
In a rare and clear move, the U.S. Securities and Exchange Commission (SEC) has introduced new guidance that could significantly impact the stablecoin market. The agency said that certain stablecoins – now called “covered stablecoins” – may not be treated as securities, as long as they follow strict conditions.
The crypto industry has already begun to respond. Tether, one of the largest stablecoin issuers, is reportedly considering changing its strategy to fit within the SEC’s new framework.
“Covered Stablecoins are not marketed as investments; rather, they are marketed as a stable, quick, reliable and accessible means of transferring value, or storing value and not for potential profit or as investments,” the SEC stated.
What Exactly Is a “Covered Stablecoin”?
The SEC explained that covered stablecoins are not offered as investment products. Instead, they’re presented as a stable, fast, and accessible way to send or store money—not something to make a profit from.
To qualify as a covered stablecoin, the token must meet several key requirements:
▪️Be fully backed 1:1 by the U.S. dollar
▪️Be supported by low-risk, highly liquid assets
▪️Be redeemable at full value at any time
These stablecoins must not offer interest, promise profits, give voting rights, or represent any form of ownership. They are meant strictly for use in payments, transfers, or storing value—not as investments.
Since they’re sold as “digital dollars” and not investment opportunities, the SEC says these stablecoins don’t count as securities under U.S. law. This kind of clarity is unusual for the SEC, which often takes a more cautious or enforcement-first approach to crypto.
Mixed Reactions from Experts
David Sacks, a White House crypto advisor, welcomed the update. He said it offers much-needed clarity and reduces regulatory hurdles for dollar-backed stablecoins that are fully supported by safe assets. He also noted that these types of tokens would no longer need to register under the Securities Act.
However, SEC Commissioner Caroline Crenshaw disagreed. She warned that the guidance oversimplifies how stablecoins actually work and overlooks key legal issues. Crenshaw argued that the risks involved are being downplayed, and the update could create confusion about how these tokens function.
Tether Faces New Challenges
The new rules may benefit stablecoins like USDC, but they raise concerns for Tether’s USDT. That’s because the SEC doesn’t allow stablecoins to be backed by assets like cryptocurrency or gold—both of which are included in USDT’s reserves.
According to Forbes reporter Nina Bambysheva, Tether is now exploring the idea of launching a new stablecoin that would fully follow U.S. rules. This new coin would be backed only by cash and U.S. Treasuries, marking a major shift for the company.
Crypto analyst Novacula Occami also noted that Tether’s use of Bitcoin and gold in its reserves could make USDT ineligible for the “covered stablecoin” label. That could expose it to stricter regulations under U.S. securities law.
Tether’s Plan for a U.S.-Compliant Stablecoin
Despite the potential regulatory pressure, Tether doesn’t seem too worried about a possible U.S. ban on USDT. According to CTO Paolo Ardoino, the company is already thinking ahead and preparing to launch a separate U.S.-compliant stablecoin.
Ardoino said USDT will likely remain focused on emerging markets, while the new stablecoin would be designed specifically for the U.S. market and built to comply with American regulations.
Even as the wider crypto market struggles through a difficult first quarter, stablecoins are seeing strong growth. Daily usage continues to rise, and the stablecoin market added over $30 billion in Q1 alone – showing that demand remains high despite broader market uncertainty.
It’s not every day the SEC speaks plainly on crypto – so when it does, the industry listens!
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Source: Coinpedia
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HOUSE ADVANCES STABLECOIN TRANSPARENCY AND ACCOUNTABILITY
The House Financial Services Committee voted on Wednesday to advance the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, also known as the STABLE Act. The legislation received overwhelming support, with a vote tally of 32 in favor and 17 opposed.
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HOUSE ADVANCES STABLECOIN TRANSPARENCY AND ACCOUNTABILITY
The House Financial Services Committee voted on Wednesday to advance the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, also known as the STABLE Act. The legislation received overwhelming support, with a vote tally of 32 in favor and 17 opposed.
The STABLE Act aims to establish a regulatory framework for dollar-denominated stablecoins, addressing key issues such as reserve requirements and Anti-Money Laundering standards.
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Source: Finance Yahoo
~~~~~~~~~
RIPPLE TO PILOT RLUSD FOR DROUGHT RELIEF IN KENYA
Ripple has launched a pilot project that will see its stablecoin, Ripple USD, used for drought relief in Kenya.
The announcement comes just days after Ripple integrated the Ripple USD stablecoin in its payments solution.
Ripple is partnering with Mercy Corps Ventures and DIVA Donate, a platform that leverages decentralized finance technology to facilitate donations to pastoralists affected by drought in Kenya, for the initiative.
The partners will leverage blockchain technology to bring financial aid via RLUSD to the targeted communities, Team Ripple noted.
As outlined in a blog post, the pilot is part of Ripple’s broader efforts to expand its impact in cross-border payments, an effort expected to accelerate with the rollout of RLUSD. As with other blockchain-based projects, the use of stablecoins is aimed at improving transparency, settlement speed, and access for the unbanked.
According to Ripple, the pilot program will demonstrate how blockchain and stablecoins can improve the delivery of aid and insurance. The trial will use RLUSD on the Ethereum network.
The RLUSD pool for the program will be open to public contributions, with anyone able to donate by connecting a wallet.
Smart contracts will hold the funds in escrow, and automatically send RLUSD to those impacted by drought. However, this will only go into action once satellite tracking detects drought triggers- with the pilot targeting automated payouts should the system detect drought conditions by May 31, 2025.
If the system determines that pastoralists are likely to face a shortage of vegetation for their livestock, each participant will receive $75 (around 9,600 Kenyan shillings) in RLUSD. Organizers say this amount is sufficient to purchase food and water for one animal for six months.
Roughly 533 pastoralists in Kenya’s Laikipia County are expected to benefit from the aid.
Ripple plans to publish the results of the pilot later this summer. Fund contributors will also have the option to withdraw their RLUSD or allocate it to future campaigns.
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Source: Crypto News
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ILLINOIS LAWMAKER’S CRYPTO BILL AIMS TO TIGHTEN REGULATIONS AND ADDRESS FRAUD
The Illinois Senate has advanced a bill to establish comprehensive regulations for crypto businesses operating in the state and address concerns about digital assets-related fraud cases, which saw over $160 million in losses in 2023.
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ILLINOIS LAWMAKER’S CRYPTO BILL AIMS TO TIGHTEN REGULATIONS AND ADDRESS FRAUD
The Illinois Senate has advanced a bill to establish comprehensive regulations for crypto businesses operating in the state and address concerns about digital assets-related fraud cases, which saw over $160 million in losses in 2023.
Illinois Advances Crypto Consumer Protection Bill
On Thursday, Illinois’ Senate Executive Committee passed Senate Bill 1797 (SB1797), also known as the Digital Assets and Consumer Protection Act, introduced by State Senator Mark Walker in February.
The bill, co-sponsored by State Senators Karina Villa, Rachel Ventura, and Mike Porfirio, aims to “crackdown on more than $163 million lost to cryptocurrency fraud in Illinois in 2023” by tightening the state’s regulations.
If passed, SB1797 would enable the Illinois Department of Financial and Professional Regulation (IDFPR) to oversee the guidelines that crypto companies must adhere to, making it the primary regulatory agency in the state.
“The rise of digital assets has opened the door for financial opportunity, but also for bankruptcy, fraud, and deceptive practices,” the Democratic Senator stated, “We must set standards for those who have evolved in the crypto business to ensure they are credible, honest actors.”
Bitcoin Laws explains that “the legislation aims to provide consumer safeguards while promoting responsible innovation in the digital asset space, with a phased implementation approach allowing businesses until January 2027 to fully comply with all provisions. The bill grants the Department significant oversight and enforcement powers, including the ability to investigate, levy fines, and take action against non-compliant businesses.”
Under the proposed legislation, the IDFPR could adopt rules to protect consumer assets and investors. Moreover, crypto companies must register with the IDFPR, provide disclosures, and prove they can satisfy payouts.
Another provision requires companies to notify consumers of any charges or transfers of their digital assets and to build programs to reduce consumer fraud. After Thursday’s vote, the bill moves to the full Senate.
Illinois’ Strategic Bitcoin Reserve
In January, Illinois joined the Strategic Bitcoin Reserve (SBR) race after State Representative John Cabello introduced House Bill 1844 (HB1844), or Strategic Bitcoin Reserve Act, to integrate Bitcoin (BTC) into the state’s financial framework.
The bill seeks to create a state-owned strategic BTC reserve managed by the Illinois State Treasurer, developing “a special fund in the state treasury” to hold BTC as a financial asset.
The legislation would allow the State Treasurer to receive Bitcoin gifts, grants, and donations from Illinois residents and governmental entities for the Fund. Additionally, it stipulates that all BTC deposits into the funds must be held for at least 5 years, starting when the asset enters the State’s custody.
It also mandates biennial reporting of the Fund’s status, detailing the total amount of BTC and its equivalent in USD, the Fund’s growth, and any transaction updates since the previous report.
However, data from the Illinois General Assembly shows that the bill hasn’t advanced in the legislative process since the first reading, waiting to be considered by the House Rules Committee.
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Source: Bitcoinist
~~~~~~~~~
BRICS: CHINA & BRAZIL OFFICIALLY ANNOUNCE TO TRADE IN LOCAL CURRENCIES
BRICS members China and Brazil officially announced to settle payments in local currencies to reduce dependency on the US dollar. This comes after China imposed an additional 34% tariffs on all US goods entering the country in a countermeasure to Trump. Several countries are expressing their displeasure against the US tariffs and finding alternatives to the dollar to safeguard their economies.
In addition, China also announced the restriction of local companies from investing in the US. The move stops the inflow of funds to the US making the markets slow down. The US could lose billions worth of institutional investment from China as a countermeasure to Trump’s tariffs. Read here to know how many sectors in the US will be impacted if BRICS uses local currencies for trade.
BRICS: Brazil & China Will Continue Trading in Local Currencies
Tatiana Rosito, Secretary of the Finance Ministry confirmed that BRICS member Brazil supports the payment settlements in local currencies with Brazil. Rosito stressed that mutual payments between Brazil and China will increase, and simultaneously the reliance on the US dollar will decrease.
“The trade in local currencies is already underway, for example, between (BRICS members) Brazil and China,” said Rosito to Tass. She added that Brazil has no objections to settling cross-border in local currencies with China. “No obstacles exist to that on the side of Brazil,” the official said.
The Secretary explained that settling trade in local currencies would reduce foreign exchange costs and boost their economy. “Therefore, the goal of BRICS is to expand the use of local currencies in any way that will make it possible to reduce costs and will be of interests for the association’s members,” she said.
She added that the New Development Bank, which aids BRICS with funds in local currencies can transform the alliance. “Opening of this bank reflects the aspiration of BRICS members to proactively participate in transformation of the economic and financial order,” Rosito summed it up.
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Source: Watcher Guru
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GERMANY CONSIDERS REPATRIATING BILLIONS IN GOLD FROM US AMID TARIFF TENSIONS
Germany is weighing the potential withdrawal of approximately 1,200 tons of gold, valued at over €113 billion ($124.41B), from the U.S. Federal Reserve in New York amid escalating trade tensions triggered by Trump’s tariffs on the European Union, according to recent reports and political statements.
Trade Strains Prompt Germany to Reevaluate 1,200-Ton Gold Stash in U.S.
Germany, which holds the world’s second-largest gold reserves at 3,352 tons, stores 30-37% of its bullion in New York, a Cold War-era practice designed to ensure dollar liquidity during crises. The remainder is split between Frankfurt (50%) and London (13%).
Discussions about repatriating the U.S.-held gold intensified following President Donald Trump’s imposition of sweeping tariffs, including a 10% levy on EU imports, which German lawmakers argue undermines trust in bilateral agreements.
Political figures, including CDU members Marco Wanderwitz and Markus Ferber, have demanded increased oversight or full repatriation, citing fears the U.S. could restrict access during economic disputes.
The European Taxpayers’ Association echoed concerns, stressing the need for “immediate access” to gold amid discussions of new EU debt instruments. However, the Bundesbank has publicly reaffirmed confidence in the Federal Reserve, with President Joachim Nagel calling the Fed a “trustworthy and reliable partner.”
This debate mirrors Germany’s 2013-2017 repatriation effort, which saw 674 tons moved from New York and Paris to Frankfurt after public pressure and logistical challenges. Only five tons were initially returned in 2013 due to delays, highlighting the complexity of large-scale transfers.
Economically, the tariffs threaten to reduce Germany’s GDP growth by 1.5 percentage points by 2027, per Bundesbank projections. Meanwhile, gold prices have surged to record highs above $3,100 per ounce, driven by market uncertainty. Analysts suggest holding reserves domestically could provide liquidity safeguards if trade disputes escalate.
Globally, 68% of central banks now prioritize domestic gold storage, up from 50% in 2020, according to a 2023 World Gold Council survey. This trend, accelerated by U.S. sanctions on Russia and other nations, highlights a broader shift toward financial sovereignty.
The United States boasts the world’s largest gold reserves at 8,133 tons, a staggering figure representing more than three-quarters of its foreign reserves. Trailing behind Germany, Italy claims the third spot with 2,452 tons, predominantly safeguarded within the Bank of Italy’s vaults and select international depositories.
As of April 2025, no final decision has been made, leaving Germany’s gold strategy suspended between political urgency and institutional caution. The outcome could redefine how nations balance economic security with international partnerships in an era of rising protectionism.
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Source: Bitcoin News
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SEC EASES UP ON STABLECOINS — BUT NOT ALL OF THEM MAKE THE CUT
The U.S. SEC is taking a step back from certain stablecoins, saying they don’t count as securities — which basically means the agency won’t be regulating them like it does stocks or crypto tokens it sees as investments. This is a big shift and adds to the list of crypto areas the SEC is slowly letting go of, like memecoins and mining.
According to a post by Fox Business journalist Eleanor Terrett, the SEC has introduced a new category called “Covered Stablecoins.”
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SEC EASES UP ON STABLECOINS — BUT NOT ALL OF THEM MAKE THE CUT
The U.S. SEC is taking a step back from certain stablecoins, saying they don’t count as securities — which basically means the agency won’t be regulating them like it does stocks or crypto tokens it sees as investments. This is a big shift and adds to the list of crypto areas the SEC is slowly letting go of, like memecoins and mining.
According to a post by Fox Business journalist Eleanor Terrett, the SEC has introduced a new category called “Covered Stablecoins.”
These digital coins are always equal in value to the U.S. dollar — one coin equals one dollar. To qualify, these coins must be backed by safe, easy-to-sell assets that match or exceed the amount of coins in circulation. This means they’re considered stable, safe, and easily redeemable for real dollars at any time.
The SEC’s Division of Corporation Finance made it clear that these kinds of stablecoins are not being treated as investments. Because of that, they do not fall under the SEC’s jurisdiction — which is a big deal for projects trying to stay compliant while offering dollar-backed crypto.
However, this doesn’t apply to all stablecoins. The SEC says this guidance doesn’t include algorithmic stablecoins (which use code to keep their value stable), stablecoins that offer yield or interest, or coins tied to other assets like gold or foreign currencies. These other types might still be considered securities or face other regulations.
This new update is a positive step for regulated, dollar-backed stablecoins like USDC or PayPal’s PYUSD, giving them a bit more breathing room and clarity. But the rest of the stablecoin space still sits in a gray area.
But No Interest for Users
But there is something else that is very important to note: Even though stablecoin companies can make money (like through interest on their reserves), they’re not allowed to share that money with users. So, users won’t earn interest from holding these covered stablecoins.
Coinbase CEO Brian Armstrong isn’t happy about that. He said he wants Congress to change the rules so users can earn interest without the coins being considered securities.
Circle Applauds, Congress Pushes Ahead
Circle President Heath Tarbert praised the SEC for its decision, saying that only stablecoins with real backing, like USDC, qualify. At the same time, Congress is working on stablecoin rules. Bills are moving through both the House and Senate with strong support from both parties.
As political discussions grow, with Trump supporters pushing their own crypto plans, everyone’s attention is on the SEC’s upcoming crypto summit, where trading will be a major focus.
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Source: Coinpedia
~~~~~~~~~
U.S. DEPARTMENT OF THE TREASURY SANCTIONS EIGHT CRYPTO WALLETS ALLEGEDLY TIED TO IRAN-BACKED HOUTHI REBELS
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions against a network of financial facilitators and procurement operatives that provide supplies to the Houthis, an Iran-backed terrorist organization that has launched attacks against dozens of ships in the Red Sea and Gulf of Aden.
In a statement, the OFAC says that it has taken action against a Houthi network working with Sa’id al-Jamal, a financial facilitator with ties to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).
Al-Jamal’s network has procured millions worth of weapons and other commodities from Russia, including stolen Ukrainian grain, and shipped the goods to the Houthis in Yemen.
The new sanction includes eight crypto wallets that the OFAC says the Houthis used to transfer funds associated with their activities. The development makes it illegal to transact with these crypto addresses.
“Unless authorized by a general or specific license issued by OFAC or exempt, U.S. sanctions generally prohibit all transactions by US persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons.”
According to the blockchain intelligence firm TRM Labs, two of the crypto addresses were already linked to Sa’id al-Jamal. The other wallets have ties to entities that Israel’s National Bureau for Counter Terror Financing (NBCTF) has flagged as involved in terrorist financing.
On-chain analysis likewise shows that millions of dollars’ worth of funds moved from these wallets to those belonging to other high-risk and OFAC-sanctioned entities, as well as manufacturers and sellers of unmanned aerial vehicles (UAVs) and anti-UAV equipment connected to China and Russia.
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Source: DailyHodl
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UK PRIME MINISTER SEEKING NEW US TRADE DEAL TO REMOVE TARIFFS
The United States took decisive action this week, announcing new 10% baseline tariffs on what President Donald Trump announced as the nation’s Liberation Day.’ Now, UK Prime Minister Keir Starmer is reportedly seeking a new US trade deal to remove the tariffs, according to a Washington Post report.
The announcement of new import taxes created a race to negotiate with the United States. Indeed, the economic policy saw Israel and India move swiftly to shift their duties on US goods in hopes of avoiding the reciprocal tariffs. Now, Starmer is looking to reduce tariffs placed on Britain through a new deal with the Trump administration.
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UK PRIME MINISTER SEEKING NEW US TRADE DEAL TO REMOVE TARIFFS
The United States took decisive action this week, announcing new 10% baseline tariffs on what President Donald Trump announced as the nation’s Liberation Day.’ Now, UK Prime Minister Keir Starmer is reportedly seeking a new US trade deal to remove the tariffs, according to a Washington Post report.
The announcement of new import taxes created a race to negotiate with the United States. Indeed, the economic policy saw Israel and India move swiftly to shift their duties on US goods in hopes of avoiding the reciprocal tariffs. Now, Starmer is looking to reduce tariffs placed on Britain through a new deal with the Trump administration.
UK Prime Minister Keir Starmer Eyes New US Trade Deal Amid Trump’s Liberation Day Tariffs
The United States made headlines this week when US President Trump announced a brand new wave of tariffs on all trade partners with the country. Indeed, the move wreaked havoc on the US stock market. In the two days since, it drove the Dow Jones Index down more than 2,000 points.
Yet, the decision was made by the administration to balance a trade system that the president says has long been unfair. That effort took a key step forward on Friday. Specifically, UK Prime Minister Keir Starmer is seeking a new US trade deal to remove the newly imposed tariffs.
According to the recent report, Starmer is “ready to make major concessions to reach a deal even as other countries rush to the trade barricades with reprisal tariffs, boycotts, and outages.” The UK has already cut tariffs on some imported US goods. Moreover, they are even prepared to lower the British taxes paid by US tech companies.
“Every country is calling us,” Trump told reporters Thursday. “Now, they will do anything for us,” he added. Now, all eyes will be on where things go from here. The action has undoubtedly brought the world closer to a trade war. If deals can be struck, then the global economy may yet be able to avoid the worst of it.
@ Newshounds News™
Source: Watcher Guru
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BRICS: US DOLLAR PLUMMETS, GOLD TO SOAR IN BEST CASE SCENARIO FOR BLOC
The world got a rather surprising development this week when US President Donald Trump announced a new slate of Liberation Day tariffs. The move introduced a baseline 10% import tax on all trading partners, and the outcome has been dire. However, it may only help BRICS, as the US dollar has plummeted with gold set to soar in a best-case scenario for the alliance.
The collective has been outspoken in its continued pursuit of de-dollarization on a global scale. Throughout the last several years, the bloc has continued to seek out local currency promotion that lessened international reliance on the West. Moreover, it has fast-tracked its gold purchasing in what may pay off brilliantly amid the uncertain geopolitical climate.
US Dollar Drops as Gold Is Set to Surge in Best Possible Outcome for BRICS
At the start of his second term, US President Trump warned that the BRICS bloc would face 150% tariffs. Specifically, he sought to ensure the global reserve status of the US dollar and targeted any country engaging in efforts to undermine that. However, despite the conflict from the West, it may be the best possible outcome for the collective.
BRICS may be in a position to benefit as US President Trump’s Liberation Day tariffs have caused the US dollar to plummet, with the gold price set to soar. Indeed, Thursday saw the greenback fall to its lowest level in months as recessionary fears picked up.
JPMorgan Bank said that the country now faces 60% odds of facing a recession this year. Moreover, it combines with Deutsche Bank’s previous warning that the currency will face a “crisis of confidence” amid the new economic policy. Uncertainty in the global economic world means that gold will likely surge.
The metal has been on a tear so far this year. Throughout the first three months of the year, it has surged to an all-time high above $3,000. Moreover, experts are expecting the winning ways to continue. Recently, HSBC raised its average gold price projection for 2025 to $3,015 and $2,915. Indeed, that was a notable increase from its previous forecast of a $2,687 high-end average price.
@ Newshounds News™
Source: Watcher Guru
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