(The National Pulse)—The U.S. Securities and Exchange Commission (SEC) will implement sweeping changes to its regulatory approach regarding cryptocurrency after President-elect Donald J. Trump is inaugurated next Monday. It is believed Republicans on the Commission will swiftly move to lay the groundwork for regulatory changes ahead of the confirmation of Paul Atkins, Trump’s nominee to serve as chairman of the SEC.
Atkins is slated to replace the current SEC chairman and cryptocurrency opponent, Gary Gensler, who announced his intention to step down once Trump is sworn in. Additionally, Commissioners Hester Peirce and Mark Uyeda, known for their pro-cryptocurrency stance, are anticipated to play key roles in reshaping SEC policies. Both have a history of working with Atkins at the SEC in the early 2000s and are expected to hold a majority among the politically appointed commissioners.
Transition discussions reportedly include guidance on what instances cryptocurrencies should be classified as securities. The approach under Gensler saw the SEC pursuing enforcement actions against at least 83 crypto-related initiatives, including lawsuits against companies like Kraken and Coinbase. The Commission maintained that many crypto tokens function as securities and should fall under SEC regulations.
After Trump’s inauguration, the agency is expected to re-evaluate ongoing court cases, possibly halting or withdrawing actions that don’t involve fraud. The legal and regulatory review would mark a significant policy shift, as some defendants have argued that cryptocurrencies should be treated as commodities rather than securities.
Further, Peirce and Uyeda are believed to be drafting new regulatory guidelines and will seek input from industry stakeholders and the general public. As the Trump administration prioritizes crypto policy, Trump is anticipated to issue related executive orders on his first day in office—possibly establishing a strategic Bitcoin reserve.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.