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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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SEC Slapdown Is A Wake-Up Call To Congress

On July 12, the U.S. District Court rejected the Security Exchange Commission (SEC) request to withhold documents on the so-called Hinman speech of 2018. In a highly anticipated ruling in the ongoing SEC v. Ripple case, Magistrate Sarah Netburn denied the SEC’s motion citing attorney-client and deliberate process privileges. The judge slammed the agency for hiding documents which could answer questions in front of the court. She called the behavior so egregious that it impugns the agency’s “faithful allegiance to the law.”

Congress should heed her forceful, deliberate words. The House Financial Services Committee holds an oversight hearing on the SEC Enforcement Division next Tuesday. Chairwoman Maxine Waters can ask them directly where their allegiance lies– with the public and the law—-or their own personal interest.

The blockbuster case gone bust

The SEC meant its December 2020 SEC against Ripple Labs to be its big crypto enforcement blockbuster. It alleged that Ripple and its two senior executives made unregistered, illegal securities trades with sales of the digital token XRP dating back seven years. The complaint not only claimed SEC authority from the 1933 Securities Act, but that everyone should have known that XRP was a security from its first sales in 2013. The lawsuit’s thesis is that XRP, the token itself, is an investment contract in the company Ripple no matter who sells it or how it’s sold. It seems the agency’s thought it could force a quick and dirty settlement and put big crypto hide in its trophy case.

Ripple becomes a riptide

Neither the judge nor the defendants played along with this scheme. Moreover, Ripple didn’t fold; it assembled a top legal team and hit back at the agency ferociously.

Ripple’s defense, with its centerpiece of Hinman’s market-moving speech, documented the SEC’s failure to provide fair notice to the market on XRP’s status. With this revelation, the SEC has been stumbling and bumbling to hide Hinman, his emails, his speech drafts, his calendar, and anything related to his tenure.

The defense argued that the agency failed repeatedly to provide guidance for years to anyone who asked it whether XRP was a security, and that the 2018 speech by then-Director of Corporation Finance William Hinman laid out criteria that strongly suggested XRP isn’t a security.

Defense further cited an over-stretch of the so-called Howey test for determining a security and violation of due process. It claims the SEC was vindictive, alleging Ripple’s top executives Chris Larsen and Brad Garlinghouse were “objectively reckless” in their XRP sales because they should have known that the token was a security seven years before the agency itself concluded as such. The SEC wanted billions in fines and demanded to comb through executives’ personal financial records.

The SEC’s hapless lawyers have spent almost two years defending the absurd lawsuit against enterprise blockchain company Ripple Labs. They tried to prevent Hinman from being deposed by Ripple until the judge could finally sort through its tactical obstructions and order him to sit last year. They insisted the speech was irrelevant to the markets and to the case. Then, they tossed out privilege arguments, one more crazy than the last, to refuse to hand over any of the internal documents Ripple was seeking for its defense. By last Tuesday, they’d run out of reasons.

A Patient, Portentous Ruling

In her ruling, Netburn laid out the chronology of how the defendants have been seeking these documents for their fair notice defense, and dismantled each of the SEC’s tactics to hide them, including an excruciating in camera review in which she forced each document in question to be handed over. Finally, Netburn wrote, the SEC raised an attorney-client privilege argument with another round of in camera reviews, leading to Tuesday’s ruling. She eviscerated the attorney-client nonsense and launched a carefully aimed rocket at the agency.

Judge Netburn has endured the agency’s pre-trial antics, biding her time for ammunition for the blistering ruling she issued last Tuesday. It was vindication for the small band of observers who long ago saw the SEC lost in a maze of its own making with this case, and now it’s clear to everyone.

In the decision, she writes,

“The hypocrisy in arguing to the Court, on the one hand, that the Speech is not relevant to the market’s understanding of how or whether the SEC will regulate cryptocurrency, and on the other hand, that Hinman sought and obtained legal advice from SEC counsel in drafting his Speech, suggests that the SEC is adopting its litigation positions to further its desired goal, and not out of a faithful allegiance to the law.”

The question remains whether the SEC will change its tune.
Congress should demand an answer.

https://www.forbes.com/sites/roslynlayton/2022/07/17/sec-slapdown-is-a-wake-up-call-to-congress/?sh=5630d4932fbd

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On Newsmax Via A Tennessee Congressman 😉

🚨 “You received intelligence stating there are Deep Water Alien Bases sitting on the Ocean Bed Floor right now?”

Wild.

The Truth Shall Set Us Free..

00:01:36
🇺🇸 PRESIDENT OF THE USA SAID THE TRADITIONAL FINANCIAL SYSTEM IS BROKEN AND CRYPTO WILL FIX IT

"Who would have thought we would be saying that.." 😉

00:00:31
BlackRock, SWIFT, and the Digital ID Grid

SWIFT was designed for messaging, not instant settlement. Fintech solutions were meant to complement it. XRP allows banks and institutions to move value across currencies instantly, providing liquidity on demand and removing the need for pre-funded accounts. This makes SWIFT increasingly obsolete.

And SWIFT isn’t just a payments network, it’s a geopolitical weapon controlled by insiders in the EU. It’s been used repeatedly to cut off nations, freeze assets, and enforce financial power. XRP eliminates that choke point without political control.

00:01:26
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

🚨 NEW IMAGE FROM MARS: 3I/ATLAS spotted again — and this time, it doesn’t look like a comet.

A perfect glowing cylinder drifting across the Martian sky.

No dust plume. No fragmentation. Just… structure.

What are we really looking at here? 👁️‍🗨️

Trump Supports The New Texas Stock Exchange 💪
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⚠️ Gold reaches new all-time high of $3,900

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New Human Force
Join this Now! YOU have what it takes!

They are in our solar system, and in our event-stream in this Eternal Now.

Officialdom is clueless.

They think we are going to be at WAR with the Aliens.

Officialdom is very stupid.

Aliens is here. It’s not WAR. It’s Contention.

There is a difference.

Officialdom is clueless, still living in the last Millennium.

Aliens is here.

The Field in which we contend is This Eternal Now.

ALL HUMANS LIVE HERE, and ONLY HERE, in this

ETERNAL NOW.

It’s a Field of potentials, of pending Manifestation, this continuous event-stream of karma in which we have always lived our body’s Life.

This Eternal Now has always been our body’s Field of Contention.

The Aliens is here, in our Eternal Now.

Our common, shared, reality that we all continuously co-create now has Aliens.

It’s getting very complex in here.

Officialdom is clueless. They see the Aliens. They are freaking out. They think you are children, when it is their small minds, trapped in a reality that is only grit, mud, and ‘random chance’ who are childish.

Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ‘matter’, is but a hardening of our previous (past) internal states of being.

WAR happens in the Matterium.

Contention occurs within this Eternal Now where Consciousness shapes the manifesting event-stream.

YOU know this to be fact. You are a co-creator.

Contention with Aliens is happening in this instant in this Eternal Now.

Officialdom ain’t doing shit. They are still stuck in trying to move matter around to affect unfolding circumstances. That’s redoing the mirror trying to affect the reflection. Dumb fucks….

It’s up to US. To the New Humans. Those of us who live in this Eternal Now. Those of us who see that our body’s Lives (the Chain that cannot be broken) are expressions of the Ontology revealing itself to itself. It’s up to us guys.

We are not an Army. That’s a concept from the past, from before the emergence of the New Humans. We are a Force. A self-organizing collective with leadership resident in each, and every participant.

We are the New Human Force. By the time officialdom starts to speak about the Aliens in near-factual terms, we will already be engaging them in this Eternal Now.

By the time officialdom begins to move matter around (space ships & such) thinking it’s War, we will already be suffering casualties in this Eternal Now. That part is inevitable. It’s how we learn.

By the time officialdom realizes that some shit is going on in places and ways beyond its conception, we will already be pushing our dominance onto our partners in this First Contention, the Aliens. Nage cannot train without Uke.

Just as officialdom is scrambling to research the Ontology, this Eternal Now, and the event-stream, we will be settling terms with our new partners, the Aliens.

Come, join with us. It’s going to be a hellacious Contention.

We ARE the NEW HUMANS!

Together we are the Force that cannot be defeated.

Start YOUR training in this instance of this Eternal NOW.

Consume Neville Goddard videos as though all of human existence depended on YOUR mind and YOUR active, effective, imaginings!

It’s not a question of Mind over Matter as there is only Mind and it cares not for Matter. That’s residue.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

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