BIG *New* Crypto Changes | Trump Appointment
FULL TRANSCRIPT
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Donald Trump is back to picking people
from Wall Street to help out with his
positions and boy oh boy the head of the
SEC might be somebody who has a history
with the Security and Exchange
Commission listen to this one and I'll
tell you what it's going to mean for
crypto let's get into it first Donald
Trump is considering creating a crypto
Zar position but that's different from
the head of the SEC the head of the SEC
currently is Gary gendler whom we know
enough about let's just put it this way
he's quitting right before Trump comes
into office Donald Trump has also
promised to fire him on day one so for
what that's worth Gary gensler's out but
this new guy who's currently expected to
be the new head of the SEC is Paul Paul
Atkins and Paul Atkins has a pretty
prolific history for basically solving
problems and making them compliant let's
put it this way in 1996 there was a
multi-billion dollar Ponzi scheme that
he actually got involved with through
its bankruptcy in getting them out of
the fraud that they were perpetrating
and getting them compliant with SEC
regulations and getting people at least
some of their money back over 20,000
investors were invested in that Ponzi
scheme and he helped put it all back
together through bankruptcy restructure
it and make it so people actually got
some of their money back that is the
kind of experience that is now going to
the top of the SCC somebody who's
actually taken a big old not compliant
fraud all the way to compliant and
making people money again now in my
opinion that is actually exceptional
bullish not because I'm suggesting that
cryptocurrency in itself is a fraud but
rather that there have been plenty of
frauds associated with cryptocurrency
and you need somebody who's able to move
from not regulated too regulated but do
it in a reasonable way and Paul Atkins
might be that guy he was the Republican
SEC commissioner between 2002 and 2008
under George W a bush and he's a big fan
of not only digital assets but also
fintech so he's an Innovative kind of
guy and he thinks of the SEC as really
needing to adopt to be less rigid so
that way they can actually prevent
frauds but not be so rigid that they're
keeping good people out see there are
plenty of good and honest and
trustworthy people and companies in
cryptocurrency the problem is when you
regulate it so hard and say nobody's
allowed in you don't even let the good
people play the game so you're stuck
with the frauds creating a bad rep
reputation for everyone and I actually
think it's kind of neat that Paul Atkins
somebody who's gone through almost all
of these various different levels of
compliance has an eye for digital assets
and an interest and excitement over
fintech is possibly one of the best
picks for the SEC chair right now he's
leading with over a 58% chance of
winning on Cal's betting Market but
another thing to think about is it's not
just that he might be head of the SEC
but it's also that Donald Trump may just
move regulation of crypto over to the
cftc but the SEC will still be involved
and I'll tell you why in a moment if you
move crypto regulation from the SEC to
the Commodities and future trading
commission you actually have a less
rigid body of rules because usually
Commodities and Futures are deemed to be
a more sophisticated investment and they
have less burdens anyway over at the SEC
than at the SEC so how could you
potentially still have the SEC involved
because so far all of this sounds good
for crypto right Paul Atkins bullish for
crypto you've got potentially moving
over to the commodity and Futures
Trading commission bullish for crypto
but my favorite is actually the
potential of getting the salana ETF
solicited as soon as 2025 potentially
2026 and what will eventually happen
is we'll end up getting so many
different cryptocurrencies and even
potentially Layer Two tokens from
ethereum having their own ETFs their own
spot ETFs which are regulated by the SEC
that in the future I actually think
you'll be able to have various different
baskets or buckets if you will of
cryptocurrency related assets and then
you put them all together into an ETF
wrapper where you can milk some sexy tax
benefits from
now if you don't yet know about those
tax benefits I'm going to explain them I
do want to give a quick plug to the
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now but think about this for a moment
let's say you put together an ETF in the
future and uh let's say it's 35% Bitcoin
and then you put in say 20% ethereum
maybe you put in 15% salana uh and then
maybe you even get some cardono in there
right this is one of my favorites put
some Ada in there uh now all of a sudden
you're at a place where okay all right
this is great now now we've got a bucket
that we can work with maybe we even put
15% mstr in here now what you have is a
is this is technically a non-
diversified ETF technical term now
what's remarkable about this is let's
say that a the token on the cardano
platform let's say that ADA ends up
going from a dollar to $5 and all of a
sudden the weight is totally out of
whack okay let's say most of these stay
stable but then all of a sudden these
move and all of a sudden Ada is like 50%
of your portfolio and all of these
others total up to 50% you know whatever
it ends up being so maybe it's you know
uh 20 10 10 10 because of fluctuations
in the market or whatever well
ordinarily if you were to sell some a AA
and try to rebalance it to all these
other items you'd pay a lot of money in
taxes because you'd be taking big gains
but if you do it within an ETF structure
you wouldn't have to pay those gains
because you can exchange the Ada for the
other tokens or or coins like Bitcoin
which is frankly amazing and remarkable
so I think there's some serious
opportunity here and you're going to see
this under better SEC regulation or
maybe just different SEC regulation
because right now it's so rigid and so
hard to get approvals for these ETFs
that even salana is having trouble right
now they've got a deadline coming up on
the 4th we expect that deadline to get
basically lead to a denial of the uh you
know salana ETFs but that's because
you're still under gendler you know once
you get into the Trump Administration
you get this new appointment like
somebody like Paul Atkins this guy's
like really smart by the way these are
like really really impressive Finance
people again he worked at uh the SEC but
also beyond that uh this guy's got a JD
from Vanderbilt he's written tons of
op-eds he's really involved with public
policy really involved with uh uh you
know again digital assets fex you name
it these are just brilliant people and
so you're getting really smart people
coming in and frankly I think it's kind
of bullish for the crypto markets I
don't I don't see how it's Bears now
short-term technicals sure are we going
to eject off of $100,000 yeah I mean I
actually wrote in the alpha report the
other day which I do for free you know
you already know about that uh I I
thought that once we lost uh you know
got rejected pre 100 over here I thought
we were probably going to stay under
$997,000 for really the rest of the
month if not the rest of the year which
there only like 33 days left in the year
so it's not that big of a deal but I do
think there's a chance we're going to
sit in front of this wall for quite a
while and when we break that 100 level
we're going to break uh now I don't know
when we will and it depends because the
next stop is
155 but a lot of that may end up being
predicated on if there are Market shocks
that happen between now and then I
personally think most risk assets are
probably going to give you a really good
buy the dip opportunity between now and
probably the next you like 6 months from
now mostly because I think jobs reports
are going to come in terribly and
they're kind of going to lead to a
sell-off in everything and unfortunately
that don't include crypto but that could
be the next big buying opportunity so I
wouldn't necessarily say go all in right
now uh obviously can't give you
personalized advice and I do think there
are going to be opportunities but from a
regulatory point of view I couldn't be
more excited about what could
potentially be coming with these ETFs
the tax benefits that are coming the
opportunities for finance uh under
someone like a Paul Atkins so kind of
excited you know I said years ago that
uh the year crypto is coming up uh it
didn't come up as soon as I had hoped
cuz we'd been stuck under gendler but uh
who knows maybe maybe things will uh
will turn around here we'll see what
happens anyway thank you so much for
watching this go check out the
trumponomics of course over at
meetkevin.com and we'll see you in the
next one thanks so much goodbye and good
luck why not advertise these things that
you told us here I feel like nobody else
knows about this we'll we'll try a
little advertising and see how it goes
congratulations man you have done so
much people love you people look up to
you Kevin P there financial analist and
YouTube but meet Kevin always great to
get your take
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