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Congressional Delegation Advances US-Europe Alliance on Crypto, Policy, and Security
On August 29, 2025, U.S. House Committee on Financial Services Chairman French Hill announced that he and Rep. Vicente Gonzalez led a bipartisan delegation to Italy, Switzerland, and Germany from August 20–28.
The mission focused on strengthening U.S.-European ties on financial regulation and security, with lawmakers meeting senior officials from both government and industry to discuss:
Digital assets
- Tokenization
- Monetary policy
- Transatlantic security cooperation amid Russia’s war in Ukraine
Hill emphasized:
“In each of the three countries, the lawmakers discussed matters related to the expanding market for digital assets, tokenization, conduct of monetary policy, and the transatlantic partnership issues regarding national security.”
Stablecoin Policy, Tokenization, and Next Steps
The delegation also briefed European partners on recent U.S. policy changes, particularly the landmark stablecoin legislation, and exchanged views on monetary policy. Hill stressed that these conversations reinforced the importance of deepening U.S.-Europe cooperation at a moment when financial regulation and security are increasingly interconnected.
He added:
“We briefed our European partners on the digital asset policy landscape following the passage of landmark stablecoin legislation, and we shared views on the conduct of monetary policy and next steps in ensuring transatlantic security.”
Gonzalez Highlights Bipartisan Unity and Personal Engagement
Rep. Gonzalez underscored the bipartisan nature of the trip, thanking European financial leaders for engaging on digital asset regulation and monetary policy.
A personal highlight for Gonzalez was his meeting with Pope Leo XIV, describing it as a deeply meaningful experience. He said the pope’s message of cooperation added a unique moral and human dimension to the delegation’s work.
Gonzalez affirmed his commitment to continue working with Hill and other committee leaders to ensure alignment between U.S. domestic priorities and international partnerships:
“I thank the leadership of Europe’s leading financial institutions for meeting with our bipartisan delegation to discuss key issues on monetary policy and digital assets.”
@ Newshounds News™
Source: Bitcoin.com
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Project ATLAS Unveiled: UAE’s Bold Leap into Decentralized AI and Blockchain
Gewan Holding, part of Abu Dhabi’s NG9 Holding, has partnered with decentralized infrastructure pioneer Iopn to accelerate the development of sovereign AI, blockchain, and digital identity solutions in the United Arab Emirates.
Introducing Project ATLAS
Gewan Holding has entered into a strategic partnership with Iopn, a pioneer in decentralized infrastructure, to launch Project ATLAS—an ambitious initiative aimed at advancing sovereign artificial intelligence (AI), blockchain, and digital identity in the UAE.
At the core of this collaboration is the deployment of a sovereign AI stack powered by Nvidia GPUs and anchored by Iopn’s OPN Chain.
The new infrastructure integrates high-performance AI computing with a sovereign digital identity layer, enabling compliant, scalable operations across governance, finance, healthcare, and real estate. In addition, the OPN Chain supports:
- Real-world asset (RWA) tokenization
- Biometric authentication
- Modern payment systems
These capabilities are designed to unlock liquidity and provide regulated access to global capital markets.
A Strategic Partnership for Sovereignty
Alaa Al Ali, Group CEO of NG9 Holding, highlighted the strategic nature of the initiative:
“Our collaboration with Iopn and the launch of Project ATLAS is not just about building technology—it’s about securing sovereignty and enabling the UAE to shape the digital future.”
Project ATLAS, which stands for Advance Tokenized Liquid-cooled AI Stack, is being developed by Iopn in partnership with Betabytes, an official Nvidia Cloud Partner. It will operate as a sovereign-grade AI data center, forming a key pillar within the broader Iopn ecosystem of digital financial infrastructure, tokenization, and AI-driven innovation.
Amer Al Osh, Chief Development Officer at Gewan Holding, added that the project reinforces digital sovereignty while unlocking new economic opportunities, ensuring that the UAE continues to set global benchmarks in AI and Web3 innovation.
Building a Unified Digital Ecosystem
Mojtaba Asadian, CEO of Iopn, described the OPN Chain as the cornerstone of a unified ecosystem for sovereign identity, financial infrastructure, and AI:
“With NG9 Holding’s support and initiatives like Project ATLAS, we are building sovereign-grade digital infrastructure that empowers nations to harness AI and Web3 on their own terms.”
The announcement also introduced the launch of the Gewan AI Hub, created to accelerate AI adoption across industries. This initiative complements the UAE’s national digital transformation strategy while reinforcing the role of Iopn’s ecosystem.
Looking Ahead
Together, Gewan Holding and Iopn aim to position the UAE as a global gateway for sovereign AI and blockchain solutions. Additional initiatives under Project ATLAS are expected to be revealed in the coming months.
@ Newshounds News™
Source: Bitcoin.com
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US Leadership Pushes Bitcoin Strategy as Debate Over Digital Reserve Currency Intensifies
The United States is deepening its commitment to Bitcoin mining and accumulation, even as critics highlight its inefficiencies compared to ISO20022-compliant digital assets like XRP, XLM, HBAR, and QNT. The move raises questions about whether Bitcoin is being positioned as a reserve asset or a geopolitical hedge against de-dollarization.
Trump Family, Lawmakers Signal Strong Bitcoin Support
Reports confirm that Trump Media & Technology Group purchased $2 billion worth of bitcoin in July, reinforcing speculation that the U.S. government may view the digital asset as part of its broader reserve strategy.
Meanwhile, two of President Trump’s sons launched American Bitcoin Miner in March, an entity 80% owned by Hut 8. The firm is preparing for a September stock market listing and has already acquired 16,299 Antminers S21, with plans to expand to a total computing power of 25 EH/s, placing it among the top four U.S. miners.
Currently, the United States controls about 35% of global hashrate, far ahead of Russia (17%) and China (15%). Supporters argue this establishes U.S. “sovereignty” over Bitcoin’s infrastructure.
At the legislative level, Senator Cynthia Lummis continues to push her proposed “Bitcoin Act”, which envisions selling part of America’s gold reserves to accumulate 1 million bitcoins.
Energy and Infrastructure Debate
Bitcoin mining advocates argue the industry can stabilize energy grids by absorbing surplus electricity and providing real-time load shedding. Texas has already integrated miners into its grid management, allowing operators to cancel new gas plant projects while maintaining resilience.
Supporters in Europe argue nuclear surplus power could be redirected into mining, though critics note that other digital assets with faster settlement speeds and higher utility could deliver greater value without the heavy energy burden.
A Geostrategic Bet — or a Risk?
With U.S. debt exceeding $37 trillion and foreign buyers, including BRICS nations, reducing exposure to the dollar, Washington faces mounting pressure to maintain reserve status for U.S.-backed assets.
Some see Bitcoin as a stateless, uncensorable hedge, while others view it as a stopgap measure compared to utility-driven, ISO20022-compliant assets better suited for cross-border payments, tokenization, and digital infrastructure.
Former White House advisor Bo Hines stated:
“I remain very confident that the American government remains very favorable to the idea of acting quickly to accumulate bitcoins for its strategic reserve.”
Still, skepticism remains. Unlike XRP, HBAR, or QNT—each designed for high-speed, scalable global settlement—Bitcoin remains slow, energy-intensive, and limited in utility beyond being a store of value.
The Bigger Picture
While U.S. policymakers and the Trump circle appear to be betting heavily on Bitcoin, questions linger over whether this strategy truly prepares the nation for the next-generation financial system.
Across the world, BRICS, the UAE, Japan, and South Korea are exploring blockchain strategies centered on tokenization, CBDCs, and interoperable digital infrastructure—areas where Bitcoin plays little role.
For many analysts, the real long-term race may not be about which country can mine the most Bitcoin, but which digital assets will power tokenized finance, real-time payments, and sovereign digital identity frameworks.
Bitcoin vs ISO20022-Compliant Assets
Feature Bitcoin (BTC) ISO20022 Assets (XRP, XLM, HBAR, QNT)
Transaction Speed ~10 minutes per block 2–5 seconds
Energy Use Very high (proof-of-work mining) Minimal (consensus mechanisms)
Utility Store of value only Payments, tokenization, smart contracts, identity
Scalability Limited (~7 transactions/sec) High (thousands per second possible)
Compliance & Integration Not ISO20022-compliant Fully ISO20022-compliant
@ Newshounds News™
Source: CoinTribune
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