🔥 What's hot in crypto today? | 4/5 Recap
A day full of "political flavor" with Satoshi's birthday, stablecoins under SEC scrutiny, and $BTC officially becoming a reserve asset of the United States
🎂 1. Satoshi Nakamoto officially turns... 50!
+ According to records from the P2P Foundation, the creator of Bitcoin (who remains anonymous) was born on 4/5/1975.
+ In a year when Bitcoin surpassed $100K and is seen by the US as a strategic reserve asset, this birthday has become even more meaningful.
+ Satoshi's wallet, containing over 1 million BTC, has remained completely "still" for 16 years.
🏛️ 2. SEC announces new guidelines on stablecoins
The SEC categorizes a new group called "covered stablecoins" – not considered securities if:
+ Fully backed by cash or highly liquid assets;
+ Can be exchanged 1:1 for USD at any time;
+ Do not pay interest, share profits, or invest from the backing assets;
+ The backing assets must be separated from the operational capital of the issuing organization.
➡️ This means that stablecoins like USDC, USDP could be "legitimized" soon, while new models like algorithmic stablecoins or yield-stablecoins still lack clear regulations.
❗ 3. SEC commissioner opposes this policy
Caroline Crenshaw, who has long been skeptical of crypto, reacted strongly to the new decision:
"The SEC is underestimating the risks of the stablecoin market and misrepresenting their stability and backing capabilities."
She worries that the new standards could create a "false sense of security" for users and lead to systemic risks.