Goldilocks’ Comments and Global Economic News for July 12, 2023
RJ: Good evening Dinar Recaps,
Goldilocks posted news on our new emerging global financial system:
The Gulf Corporation Council (GCC) is forming alliances in the East for trade and political aspirations.
Several bilateral trades are being signed and trade relations are in local currencies.
More demand for local currencies equals rising values for currencies taking place in the East.
© Goldilocks
https://mid.ru/en/foreign_policy/news/1896126/
Are you ready for a standardized digital asset-based economy? Finally, we are about to get those Stablecoins clarified and moved through Congress.
Once these are finished and monetary policies that come with them by Saturday, we will be inside a Gold Standard.
The Lummis-Gillibrand Responsible Financial Innovation Act is finally being introduced in Congress for a vote today.
“The revamped Lummis-Gillibrand Responsible Financial Innovation Act proposes to classify most cryptocurrencies as commodities.”
The SEC and CFTC will work together going forward with delineated responsibilities that will define their roles in the new economy.
© Goldilocks
https://beincrypto.com/us-senators-crypto-regulation-proposal/
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Do you see the significance of this week’s events yet?
I guess changing the mechanisms on our economy from Libor to SOFR was a big deal after all.
© Goldilocks
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Turkish delegation visits Iraq to resume Kurdistan oil exports
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Protocol 20 is about the mass adoption of the Stellar Network. In our new digital economy, transaction submissions that are scalable and secure are important.
A Scalable Operating System or Network is able to maintain and increase its level of performance even as it is tested by larger and larger operational demands.
Today, there is a single transaction being made to test the system.
The Stellar Network CEO Denelle Dixon has been working with the CFTC in bringing about our new digital economy for some time now.
On August 22, Core version 20.0.0 will be released. It will increase the scalability of digital assets from around the world and does not allow any user to disable it.
In the Fall of 2023, a Protocol 20 vote will take place to move forward.
© Goldilocks
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