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New SEC Commissioner Supports Bitcoin ETF



Bitcoin ETF

The US Senate confirms a new addition to Securities and Exchange Commission — Elad Roisman, a known Republican lawyer. He is a Bitcoin ETF supporter.

Elad Roisman becomes the SEC commissioner

An important new development in Washington has seen the lawyer Elad Roisman join the US SEC, as confirmed by the Senate. This means that the SEC is once again at full strength, with the addition of the fifth member.

Elad Roisman has spent the last several years working on the Senate Banking Committee. During this period, he rose to a position of the chief counsel of the panel. Now, he will take his place on the US SEC, succeeding Michael Piwowar, after he decided to step down in July of this year.

The US SEC is a large agency. numbering over 4,600 individuals, and is mostly run by Jay Clayton, its chairman. Clayton was appointed by the US President Donald Trump. The SEC’s four commissioners are in charge of voting for any new regulations, and they are the ones who decide whether a new proposal gets approved or not. While they do not manage the staff of the SEC, they can negotiate regulations with the chairmen.

Roisman’s role

Ever since Clayton took over as a chairman, the SEC had only six months of being at full strength, with all four seats taken. This ended with the departure of Piwowar. Now, however, with Roisman joining the team, the SEC is at full strength once again. Additionally, Roisman will join when the need for the majority of commissioners to approve new rules and regulations.

Imposing new constraints on those stockbrokers dealing with investors in retail are one of the best examples of this. According to the proposal by SEC, brokers would have to act in a way that will benefit their clients. The Democratic commissioners were not exactly thrilled with this plan, and they did not try to hide that fact. This is why Clayton will likely need Roisman’s vote quite soon.

Additionally, Roisman might also assist in various deregulatory proposals that will allow firms to raise additional capital through stock and debt sale. Clayton’s goal seems to be to allow additional individual investors to private markets. At the same time, he would scale back the necessary requirements on smaller firms. He recently said so in front of an audience, calling for exempting small firms from the need to audit their inner control.

Finally, Roisman will be the newest commissioner that will join the SEC after previously working in the Senate. Another commissioner, Ms. Peirce, used to be a banking panel stagger. While working at the Senate, Roisman assisted at drafting a legislation that brought new financial regulations after the financial crisis 10 years ago.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

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Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

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NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Wisebitcoin Launches Professional-Grade Crypto Exchange



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In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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