MAJOR CHANGES: Crypto Task Force Details [Trump].

hey make sure you stay to the end where

we talk about how cryptocurrencies might

soon be divided into two classes and

what it means for you hey everyone me

Kevin here we got to talk about this

major announcement of an SEC task force

for cryptocurrencies and what it means

for you especially if you are interested

in cryptocurrencies but frankly even if

you are not now I have a pretty

extensive background when it comes to

Securities given that I've gone through

not only Series 7 licensing but also the

hard ones with finro to regulate

compliance for a broker dealer the

series 24 the 27 the 14 you name it so

I've sort of lived in SEC land and feral

land for quite a while and that's

basically where crypto is now going to

go under a Donald Trump announced crypto

task force where the now interim head of

the SEC has been assigned with

establishing this tax for task force on

behalf of Donald Trump so with that said

what I'd like to do is take a sip of

this coffee uh and then go through what

this means for you as a retail customer

but then also what this means for the

broker dealers and uh how we might

actually start being able to do actual

fundamental analysis on cryptocurrency

this is a game Cher and I'm talking more

than hash rates for Bitcoin okay uh this

is a game changer for crypto and I'm

really excited to talk about so let's

take a swig of this and uh this is we're

going to be doing a lot of fundamental

analysis on this channel on

cryptocurrencies this is going to be

really fun and we'll be doing it in the

trumponomics course as well uh by the

way I feel a little under the weather so

I I haven't expired the coupon yet it's

going to I'm probably going to do that

today at about 4:00 when I get home from

bowling with the kids might be closer to

5:00 so you still have a little bit of

time if you want to go to meet Kevin and

uh check that out meetkevin.com you can

see everything on the tromics course

okay so let's first start with retail

customer what does it mean that there's

going to be a crypto task force is this

good or is it

bad that's actually very good uh in my

opinion uh what this means uh is that a

security or in this case a

cryptocurrency which if it's regulated

by the SEC will be considered a security

uh will require registration uh when a

security gets registered a few

protections get triggered uh first you

have to have a disclosure of all of the

beneficial insiders at the company so uh

or you know at uh in charge of this

token or coin if you will so in other

words the organizers are going to have

to disclose themselves they'll probably

not only have to disclose who they are

where they are uh any kind of legal

disclosures they have to protect

themselves from lawsuits so if they've

been sued for fraud before because they

rug pulled someone they're going to have

to make that disclosure right so you're

going to see a historical disclosure

list of the people who are actually

founding these tokens or coins or who

are the Insiders basically I wouldn't be

surprised if they also require some form

form of basically board where they say

okay here are your internal Executives

here's maybe a board maybe there's even

a requirement that one or two of the

board members have to be an

independent uh uh board member in order

to actually qualify for registration

with the security Exchange Commission

this would mean that Outsiders or

independent Outsiders quote unquote they

could be friends or buddies right uh but

just basically people that aren't being

paid by those insiders uh with the

exception of disclosed board member

compensation those individuals would

basically put their reputation on these

tokens or coins with all of their

related disclosures so now all of a

sudden what you have is

basically a whole list of everybody

who's involved on the inside so when

there's let's say a trump token that

launches you know okay what position

does David saxs have you know all

Holdings over 5% for example would also

likely have to be disclosed so you know

did David saaks get a little 10% you

know Insider uh boost for his uh Trump

token Holdings did Donald Trump at 50%

you know like how we can we can try to

backwards this by looking at some of the

largest established wallets but you know

as with the Trump token there were a lot

of wallets where all of a sudden we're

like how come there are sales popping up

but we never saw them buy any well cuz

they were established insiders and they

were basically just issued uh you know

their their share if you will all of

that would have to be disclosed and we'd

have to know exactly what their wallet

addresses are but also likely their

identities so more than just a wallet

address you'd have to have wallet

address and identity which really gives

you an opportunity then to kind of

follow somebody unless of course they're

like tornado caching follow somebody

through cryptocurrency it becomes

extremely and the world of crypto it

becomes very transparent if you will for

who insiders are in the world of crypto

uh which in my opinion is uh is is

pretty wild uh

so uh let's see here oh oh yeah okay so

what what does this mean for you well uh

it probably is actually going to be

really good from the point of view of

like legal protection because if let's

say HW Tua goes in with her cohort or

five or six friends or whatever and or

the people who approached her and said

hey you should do the Haka

coin we're going to know who everybody

was on the inside it's not going to be a

random crypto address so when there's a

rugging you know who to send the lawsuit

to now that's intense because all of a

sudden those initial wallets are going

to be linked to a person which is going

to actually make it a lot harder to rug

someone now obviously HW Tua we know who

she is but we don't know who everybody

else involved is right they could be

anonymous wallet addresses with fake

names that were you know working with

her over Zoom or whatever uh and you

never have any identity verification so

how could you possibly sue them you

can't so really what you're getting is

is with a registration of a security

you're going to get a very very very

transparent ownership regime which will

then unlock a whole new world a whole

new see it's a little under the weather

so I can't sing uh not that you want me

to anyway um for cryptocurrency lawsuits

from attorneys so like if you want to

become an attorney

now to to like prepare for what is

coming uh how do I hear like law hack

out

there uh and uh you know it's like your

cryptocurrency Law Firm I got to go byy

that domain that's a good one uh anyway

so now what you've got to do is you ask

yourself okay cool so again what benefit

does that have for you well the benefit

for you is there's a lower chance that

you're going to get rugged for example

when I do a fund raise for house hack

which we've got the reg a coming up soon

that has to go through a qualification

process with Security and Exchange

Commission like you basically have to

get naked with the SEC and the whole

point is so that like you don't a screw

somebody but if you do they know how to

come after you and they just like ban

you from the industry and from ever

being able to do anything again that's

you know part of why me like personally

I've I've always been like oh my gosh

just I'm like I'm about to turn 33 I got

a long career ahead you know I I I could

make a great stock pick I can make a bad

stock pick but if you just do something

that makes people question your integ

you're screwed for a long time you know

it's really bad and so my goal is always

to just be here and be like look I just

I'm going to do my best I'm going to

make mistakes uh like decision mistakes

but I don't want anybody to question my

Integrity so that's why I try to teach

my kids too all seven of

them okay so this is really interesting

it gives you this rugging protection I

also think there'll probably be like

some regulations around like hey you're

not allowed to rug but you'll also

probably have lockup periods right uh so

Insider who do an initial uh coin

offering like a a registered so like an

R Ico a registered inter uh initial coin

offering like an

IPO they uh would probably only get

through the qualification process or the

registration process with the SEC if

there are certain investor protections

embedded in those we don't know yet what

those are going to look like I just

expect that we're going to have a lot of

information on Insider information based

on the existing Securities framework

that we have but then also some

additional protections on how to prevent

rugging so in other words look if you

don't put you don't have to do this for

stocks you don't have to put in the

lockup when you IPO a stock most people

do though most uh people who IPO they

put in like 180-day lockup you know six-

Monon lockup right uh that usually isn't

required it's just so common practice

that it's probably going to happen in

crypto as well so now you'd have a 180

day period before let's say you know the

Insiders of the Trump token or whatever

can start dump dumping on you which

they've already started dumping right at

least what we're seeing not saying

everybody is I'm not saying Trump is I'm

just saying somebody who never bought is

already dumping and there are others

okay so now what does this mean from the

broker dealer side well the broker

dealer side is actually a little bit

easier excuse me on the broker dealer

side once registered once a filing is

registered guess what this means there

are now public documents that a broker

dealer like Robin Hood or any registered

broker dealer right because coinbase for

example isn't a registered broker dealer

they'd have to become a broker dealer

they're a crypto exchange they're not a

broker dealer Robin Hood is a broker

dealer because Rob there's Robin Hood

and Robin Hood crypto Robin Hood cry

crypto is not a broker dealer Robin Hood

is a broker dealer so the two different

entities um have the different

regulatory licenses but now if crypto is

going to get sucked into the broker

dealer Work World Robin Hood already has

the established INF structure for that

which is huge and gives Robin Hood a

huge leg up now once registered uh

public filings will be available uh so

you will be able to look up an initial

filing like an S1 we be able to look up

all of the uh the Insiders information

The Insider trades that happen when the

Insiders are dumping when the Insiders

are buying when institutions are taking

a larger stake or reducing their stake

you know usually above or below 10 or 5%

right we'll get to see all of that

which is great all of those filings will

show up on likely every token or coin

we'll have a website uh and uh and

there'll be some sort of like investor

relations page where you could get these

filings or you just go to the sec.gov

website and pull it up through what's

called Edgar their filing system okay

but what else does this mean well it

also gives you protections as a consumer

that now your broker dealer isn't doing

funny things with the money they're

lending you so for example let's say you

deposit one $100,000 of cash into a

broker dealer uh and then you're allowed

to borrow stocks up to say 50% reg te

margin that's your initial margin in

English basically you could go borrow

you could use margin you have your 100K

cash use margin to borrow another

$100,000 of stock borrowed in this case

it could be crypto borrowed right so you

deposit 100K you could go borrow another

100K and buy Bitcoin let's say if you

want right or whatever Trump whatever

you want okay cool now you have $200,000

of equity well the broker dealer can

lend to somebody else up to 140% via

regulation you against the crypto you

borrowed so in other words they could

turn around to somebody else and lend

out another

$140,000 in margin lending to somebody

else but that's the max that's the cap

so your account has $200,000 of equity

the broker dealer can lend $140 ,000

that buffer is designed to give the

broker dealer some protection from

basically going bankrupt because they

gave away or lent out too much of the

money you deposited in this case there's

still a $660,000 buffer they lend 140

but your account has a value of

200,000 right so this this is all very

very useful and then there are also

minimums like you know if your Equity

portion Goes Down Under 25% well you're

going to get Margin Call and you're

going to have to pay off that margin so

this way on both sides margin for the

customer regulation T margin for the

lender regulation you all of a sudden

the broker dealer is regulated and

there's a lower chance I'm not saying

they can't go bus but there's a lower

chance that the broker dealer goes bust

like I don't know anybody ever heard of

FTX that's a disaster that's an example

of an unregulated exchange having no

policies around what they can do with

the deposits that they have or or the

loans that they have and all of a sudden

when you need the money the money's gone

see a broker dealer isn't actually

allowed to lend out your cash that

$100,000 cash has to go into a separate

account if you look up a Robin Hood

financial statement right now you'll

actually see cash segregated segregated

cash what is that segregated cash it's

money that sits in that account and is

available for immediate withdrawal so if

that broker dealer goes bankrupt guess

what you could go to the bank that is

custody your money because Robin Hood is

not a bank and you could ask for your

$100,000 back from the bank you don't

even have to go through Robin Hood

because you're listed as a beneficial

recipient of that $100,000 of cash Robin

Hood can't do jack anything with that

cash yeah I think there are some like

ways they can uh you know uh well this

is why they want you to put it into

their cash sweep account with which then

uh makes you eligible for yield and so

they kind of play the game with this a

little bit that gets a little bit more

complicated but the point is from a

broker dealer cash that hasn't been

swept to a yield bearing account cash

that just sits there is a protected item

and it has to be segregated and so again

this protects you from a an exchange or

well an exchange will probably be

separated that's another thing a broker

dealer going BK okay so this brings up

the whole exchange aspect you know how

there's the New York stock exchange and

how the New York Stock Exchange isn't

the same thing as Robin Hood where you

get to basically interface with the

exchange through like when you go swipe

up on a New York Stock Exchange listed

stock you're doing it through Robin Hood

or Fidelity well that's basically you

putting an input into a broker dealer

the broker dealer putting the input into

let's say the NASDAQ or the NY system

the New York Stock Exchange system and

putting in an order that then market

makers at these exchanges can fulfill

and then you get your trade confirmation

back and the broker dealer is

responsible for making sure you're

getting the security you promised you

gave Robin Hood $20,000 you bought

$220,000 worth of Tesla stock they're

going to make sure you got your $220,000

worth of Tesla stock certificates and

they'll hold them electronically usually

in what's called book entry record which

is basically just they put your name on

a spreadsheet right and they verify that

all of this is correct and then Robin

Hood is regulated by this agency called

finra the one where I was talking with

all the licenses about and that agency

is responsible for basically

investigating Robin Hood all the

freaking time to make sure that Robin

Hood is actually making sure you have

your share certificates that they're not

violating these percentages so like the

regulatory infrastructure is there it's

really really really really really

complicated like this is why you keep

seeing Banks and broker dealers get

fined all the freaking time because it's

almost impossible to follow all of the

rules perfect ly like if you

accidentally let's say you work at Robin

Hood and you accidentally text a

customer on your phone you need to like

screenshot that text message send an

email or somehow electronically document

that and move that conversation to

somewhere that is documented so if

otherwise big fines so like all of that

sort of Regulation is all designed to

protect the customer now a lot of people

usually hear regulation they say that's

bad but again it prevents The Exchange

from going going bankrupt the broker

dealer from going bankrupt and the

customer from getting rug pulled so this

is where we get to the fundamental

analysis aspect where once all of this

framework is in place then any Ico that

is registered or or coin or token that

becomes registered we can look and go

okay who truly are all of the Insiders

of hex coin or whatever right who are

the Insiders where do they live do they

have any licenses you know what Insider

connections do they have who else has

ownership who is legally responsible who

do I sue if this goes

bad all of those things are now in

public filings which we can now do

fundamental analysis on because now the

promises these tokens or coins are

making aren't just on a website that

gets edited but rather they are in

public filings that sit there forever

it's kind of interesting so I am

fascinated to see where we can go with

all of what is happening and I think

it's quite frankly really really

exciting now in the short term Bitcoin

has moved up on this announcement uh if

you look at Bitcoin right now we are

sitting at uh

1065 which is definitely up from the

announcement uh this morning we were

trading a chunk lower yeah we were down

over here uh this morning at the 102

line and you can see we've certainly

shot up uh after some of this news which

is great uh now the question is how soon

can we expect this sort of Regulation

and the answer to this folks not soon it

is going to take a while for them to put

together all of this anti- rug pulling

framework and everything else so hold

your horses it's going to take some time

this also means you likely are going to

have two classes of

cryptocurrencies registered and

unregistered and it opens the whole door

to is everything that's unregistered

okay and are those kind of just going to

be treated like you know off exchange

currencies uh and everything that is

registered is that going to have more

interest like in other words if a hawk

Tua is like I got a new meme token

people are going to be like did you

register it and if not then it's going

to potentially look more scammy and

risky than something that's registered

which could still be problematic but at

least might be legally registered so I'm

not saying you can't still get the moon

moonshots because just the nature of

cryptocurrencies there's usually very

little liquidity so when the order book

pumps up a meme token or any kind of

token or coin or whatever you Skyrocket

in valuation very very quickly because

you're taking a small slice that you're

selling to high demand and you're making

the rest of the pie worth a lot with

very little available Supply that can

still happen registered or not but

you'll end up having two classes and I

suspect attorneys are going to make a

lot of money filing these things and

you're going to end up with two classes

of cryptocurrencies uh I my guess is to

put together all of this regulatory

framework as soon as possible will set

us up for the earliest actual registered

Ico in

2026 that's my guess give them about a

year to get this done cuz that is a lot

and broker dealers and exchanges have to

get ready for that as well they have to

get registered honestly there might even

be new licensing like the series 69

license for cryptocurrencies and crypto

trading that you have to get and then

the series you know

420 for options trading I don't know

anyway thank you so much for being here

I hope this was helpful to you if you

like the way I explain things or my

perspective go to meetkevin.com check

out that trumponomics course everything

related to Trump and opportunities out

there we cover in that course almost

every single day when the market is open

hope to see you there thanks so much

goodbye and 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 PA there financial analyst

and YouTuber meet Kevin always great to

get your take