저자: Kevin · 외국인
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SEC 크립토 태스크포스 발표로 암호화폐가 등록/미등록 두 부류로 나뉠 것. 등록 시 내부자 공개·중개업자 규제로 러그풀 방지 효과. 규제 완성까지 약 1년, 2026년 초 첫 등록 ICO 예상. 단기적으로 비트코인이 발표 후 상승한 점을 언급.
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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 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 ther
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