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New SEC Commissioner Supports Bitcoin ETF

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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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Bitcoin

Basic Guide on How to Spend Bitcoin and Other Cryptocurrencies

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In recent years, Bitcoin and other cryptocurrencies have entered more into the mainstream. Most people walking down the street have at least heard of Bitcoin. While a lot of people got involved in the buying and selling of cryptocurrencies to try and make a quick buck, most people who are enthusiastic about the world of blockchain are in it for the long haul. 

These are usually the people who are going to be more likely to actually use their Bitcoin and other cryptocurrencies as a payment tool and not just as a storage of wealth or a trading tool. This guide looks at a few different ways in which you can use your Bitcoin in spending capacity. 

Crypto Debit Cards

Perhaps the easiest way for you to spend your cryptocurrency is by linking up your holdings to a debit card. 

These days, many of the leading card providers such as MasterCard and Visa have these types of crypto-linking debit cards. These cards can be used just like you would a normal debit card that is linked to your fiat currency bank account. 

Naturally, the most popular type of crypto debit card is going to be for Bitcoin, but there are other cryptocurrencies catered for also. 

Prepaid Cards

There…

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Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?

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The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method

Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.

This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.

Advantages of Hybrid Bitcoin Casinos

Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time. 

They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio. 

If you decide to join an online casino of this type, you will be able to enjoy the following benefits.

Lower Risks

Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.

They are known for protecting the customers and monitoring all actions…

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Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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