Goldilocks’ Comments and Global Economic News for July 13, 2023
RJ: Good morning Dinar Recaps,
Goldilocks posted global financial news links and comments:
SEC is proposing a new rule. They are creating amendments to the Broker-Dealer Customer Protection Rule for customers who have over 250 million in their accounts.
Expanding Capital requirements is now becoming a must-do protocol. The SEC went on to say that they are expecting customers to have such deposits in the future and need protections for them in case a broker-dealer relationship fails.
Net cash owed to customers and PAB account holders must be held in a special reserve bank account.
Given the speed, scale, and volume of today’s market activity, I believe customers would benefit if broker-dealers carrying large credit balances made daily reserve account calculations and deposits.”
“The proposing release will be published in the Federal Register. The public comment period will remain open for 60 days following publication of the proposing release on the SEC website or 30 days following publication of the proposing release in the Federal Register, whichever period is longer.”
© Goldilocks
https://www.sec.gov/news/press-release/2023-130
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“The Securities Industry and Financial Markets Association (SIFMA) is a not-for-profit trade association that represents securities brokerage firms, investment banking institutions, and other investment firms. SIFMA represents firms of all sizes in all financial markets in the U.S. and around the globe.”
SIFMA has issued a statement in the form of an announcement:
They are preparing to move our Global Economy into the Basel 3 Endgame.
As Basel 4 activation comes into play in the following months, they are here to guide and support our transition into the next economy.
© Goldilocks
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“The Securities Industry and Financial Markets Association (SIFMA) is a not-for-profit trade association that represents securities brokerage firms, investment banking institutions, and other investment firms. SIFMA represents firms of all sizes in all financial markets in the U.S. and around the globe.”
SIFMA has issued a statement in the form of an announcement:
They are preparing to move our Global Economy into the Basel 3 Endgame.
As Basel 4 activation comes into play in the following months, they are here to guide and support our transition into the next economy.
© Goldilocks
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As we have discussed before, July and going forward would be a time of Bridging Technologies together around the world creating seamless and secure transactions at the push of a button.
Our new digital asset-based trading system is taking us to places we have never gone before. These connections for a new banking system will give even the smaller companies access to what larger companies have to offer.
Digital networks are creating pathways into this new monetary system and taking place as we speak.
© Goldilocks
https://menafn.com/1106581658/New-Ethereum-Improvement-Proposal-Seeks-To-Prevent-Hacks
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JUST IN: 🇪🇺 Europe to launch first spot Bitcoin ETF this month.
@WatcherGuru
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The Shanghai Futures Exchange aims to extend its commodities warehousing network beyond China’s borders.
It looks like China is looking to challenge London’s standing as the GLOBAL hub for metals pricing.
The pieces are falling into place in front of everyone.
Read: https://twitter.com/GoldTelegraph_/status/1679495694107672576
For the last 9 days, the dollar has been falling, and the Futures Market is indicating more to come.
© Goldilocks
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Commissioner Pham Announces New Members and Leadership of the CFTC’s Global Markets Advisory Committee and Subcommittees
128 Members in Total Constitute the Largest-Ever Single Advisory Committee Initiative Sponsored by the CFTC
Including Adam Minehardt, Stellar Development Foundation 🎉🎉🎉
And a whole bunch of orgs we have ICO in Stellar 🤭
Again, no one from Ripple team to be found 🤔
https://www.cftc.gov/PressRoom/PressReleases/8740-23
Next meeting 07/17/2023
At this meeting, the GMAC will focus on topics related to ✔️U.S. Treasury market reforms, ✔️swap block thresholds, and ✔️tokenization of assets.
The GMAC will also address procedural matters, including topics of discussion on a forward-looking basis. A formal agenda will be announced before the meeting. The meeting agenda may change to accommodate other GMAC priorities.
Forwarded from ✨Quantum Stellar Initiative telegram room
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☝️ We just talked about these three items above being implemented today inside our article reflections.
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