Silver Academy ^ | 25 Nov 25 | Silver Academy Posted on by delta7 How India Is Turning Silver Into Money. In a move that has stunned global markets and delighted advocates of hard assets, India has quietly detonated a monetary bombshell: the Reserve Bank of India has challenges with all the obscene debt accrued by nations, Silver? a bimetallic standard? Doable. 1 posted on by delta7 To: delta7 Given the love Indians have for silver, there must indeed be huge amounts of “capital” locked up in closets and drawers throughout India Given the variability of silver pricing, especially over the long-term, I can’t imagine banks will give 85% of spot rates, but regardless, it will give many poor and middle class access to credit. 2 posted on by PGR88 Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by.
https://freerepublic.com/focus/f-news/4354743/posts
Tag: intermediaries
What Congress Has Left to Do This Year
The restarted Senate is moving forward with certain crypto initiatives, but how much time is left compared to how much work is left, really? You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Now that Congress is back from the government shutdown, all eyes are on how it will proceed on crypto issues. There are a few components to this: Mike Selig’s nomination to run the Commodity Futures Trading Commission, market structure legislation and other crypto matters. Why it matters Time is starting to run out for the crypto industry to lock in its wins from the 2024 election. While the GENIUS Act was a strong start for crypto businesses, and the Securities and Exchange Commission and CFTC are continuing their efforts to create new rules for the industry, the market structure bill is still far from completion. Congress has less than 40 days left this year and just a handful of months next year before it disperses for the midterm elections. Breaking it down The Senate Agriculture Committee voted 13-11 to advance CFTC Chair nominee Mike Selig’s name to the full Senate for a floor vote; if he secures a majority of votes, he should get sworn in shortly after. This may happen in the coming weeks. Selig said crypto is an important issue for the CFTC to look into, speaking to specific issues like onchain markets and the role of intermediaries, among other things. “The CFTC has a critical mission to protect these markets,” he said at his hearing on Wednesday. “This is a real opportunity to develop a framework that can allow for software developers to thrive, for new exchanges to crop up that are going to protect investors and have the types of controls that you would expect in an exchange and make sure that we have the right disclosure requirements that we have typically in our financial markets.” The Senate Banking Committee also advanced the nomination of Federal Deposit Insurance Corporation Acting Chair Travis Hill to be the regulator’s fully confirmed chair to the Senate, among other nominees. But the main event market structure legislation remains largely in the same public position it was in last week. As noted last week, the Agriculture Committee’s new draft includes a few provisions that may prove controversial, including one touching on conflicts of interest. This discussion draft will clearly see updates before the committee can hold a markup and vote. The Trump family’s various crypto businesses are unlikely to leave Democrats’ focus either Senators Elizabeth Warren and Jack Reed asked Treasury Secretary Scott Bessent and Attorney General for information about allegations that the Trump-linked World Liberty Financial sold some of its tokens to “illicit actors,” including in sanctioned regions. The Banking Committee may be closer to a markup while the committee hasn’t published a revised draft bill in a while, negotiations do appear to be ongoing between Republicans and Democrats. Sen. Tim Scott, who chairs the Banking Committee, said Democrats had been “stalling” the bill’s progress in an interview with Fox News’ Maria Bartiromo earlier this week. “The Democrats have been stalling and stalling and stalling because they don’t want President Trump to make America the crypto capital of the world,” he said. “They don’t want to give them the win. It’s not just for President Trump. It’s for the American people, single moms like the one that raised me.” Still, he said the bill might still get to the Senate floor in early 2026. “Next month, we believe we can mark up in both committees and get this to the floor of the Senate early next year, so that President Trump will sign the legislation making America the crypto capital of the World, protecting consumers while increasing the likelihood of America being the most dominant economic power for the next 100 years,” Scott said. Congress has a limited amount of time left in the year to get anything done lawmakers will be out of session next week for Thanksgiving, and will have just a few weeks in December before Christmas and New Year’s. It’s the Thanksgiving holiday in the U. S. Congress will be back next week. If you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at [email protected] or find me on Bluesky @nikhileshde. bsky. social. You can also join the group conversation on Telegram. See ya’ll next week!.
https://bitcoinethereumnews.com/tech/what-congress-has-left-to-do-this-year/
Why Polygon Has the Perfect Product-Market Fit for the Post-Dollar World
Polygon provides an Ethereum-compatible scaling solution that enables applications, such as tokenized gold platforms, to operate on a global scale. Seong, a developer at Polygon, explains that with this technology, Polygon has already established itself as the bridge between DeFi and real-world markets.
Polygon co-founder and CEO Sandeep Nailwal recently shared a significant milestone on X, announcing that the network had achieved its highest daily payment app volume of 2025, reaching $72 million in transactions. Nailwal highlighted particularly strong growth in Latin America, noting that the payments app Avenia.io alone drove $25 million in volume in a single day.
“Reached 2025’s highest daily payment app volume last week at $72M! More and more growth is happening in Latin America, with Avenia.io driving $25M in volume in a single day. Looking forward to meeting Latin American builders at Money Rails at DevCon,” he wrote.
Following Nailwal’s post, a member of the crypto community, Brian Seong, provided a detailed response placing Polygon’s success within a global financial context. Seong emphasized that economies worldwide are experiencing shifts in monetary policy and instability, underscoring the growing relevance of decentralized systems.
### Polygon as an Equalizer
“CT Twitter is not aware of the global economies that are shifting atm,” Seong began, referencing several key developments. For example, Argentina faces chronic inflation and the risk of debt default. The International Monetary Fund (IMF), heavily influenced by U.S. policy, often steps in with dollar loans.
Seong also pointed out the asymmetrical resilience of the global financial system, where emerging markets frequently lack deep capital markets and adequate foreign reserve buffers, leaving them vulnerable to capital flight. This creates a cycle in which the dollar strengthens, local currencies collapse, and inflation intensifies.
China has been actively reducing its holdings of U.S. dollars while simultaneously developing the Shanghai Gold Exchange (SGE) and a yuan-settled gold trading ecosystem that promotes “physical trust.” This initiative rests on the idea that real, tangible assets can underpin economic confidence better than fiat currency alone.
Brian explains that Polygon is accelerating this shift by enabling easy global access to stablecoins, tokenized gold, and other digital assets — all without intermediaries. As alternatives like Bitcoin (BTC), gold, and the yuan gain credibility, the U.S. must work to restore confidence in the dollar.
In his own words:
*“And my humble opinion, Polygon really owns the distribution in all these emerging countries that deeply need such permissionless infrastructure for them to have control over their hard-earned values.”*
### Low Fees and Fast Transactions
As detailed in a recent publication, the Polygon network processes transactions at a fraction of a cent, often under $0.01. This low cost is crucial for low-income users and microtransactions common in regions such as Africa and Latin America. In contrast, Ethereum’s base layer or traditional cross-border payment rails typically charge fees between 5-10%.
The recent Rio Upgrade further enhances Polygon’s capabilities, enabling near-instant settlement and supporting up to 5,000 transactions per second for on-chain payments.
Polygon’s Ethereum Virtual Machine (EVM) compatibility allows it to connect seamlessly to Ethereum’s liquidity and developer ecosystem. Stablecoins such as USDC and USDT circulate easily on Polygon, while tokenized assets can be deployed with minimal friction. Developers can port existing Ethereum applications to Polygon with little modification, enabling faster scaling and broader user reach.
### Real-World Impact
Polygon’s impact is already visible in the market. For example, Flutterwave has entered a multi-year partnership with Polygon Labs to enable fast, low-cost cross-border transactions across more than 30 African nations.
Traditionally, such transfers can take days and charge up to 8% in fees — a costly delay affecting the $2 trillion global remittance market. Polygon’s scalable and affordable infrastructure promises to revolutionize this space by providing users with more efficient and accessible financial services worldwide.
https://bitcoinethereumnews.com/tech/why-polygon-has-the-perfect-product-market-fit-for-the-post-dollar-world/?utm_source=rss&utm_medium=rss&utm_campaign=why-polygon-has-the-perfect-product-market-fit-for-the-post-dollar-world