In today's crypto news, Satoshi Nakamoto, the enigmatic creator of Bitcoin, turns 50, coinciding with Bitcoin's recognition as a US reserve asset amidst increasing institutional adoption. Nakamoto's identity remains a mystery, fueling speculation about their background, while the dormant Bitcoin wallet associated with them contains over a million BTC, which has not been accessed for over 16 years. Additionally, US SEC Commissioner Caroline Crenshaw has criticized the SEC's new stablecoin guidelines, claiming that they downplay risks and misrepresent the US stablecoin market, despite some in the industry viewing these regulations as progress. The SEC defined 'covered stablecoins' as non-securities exempt from reporting requirements, yet algorithmic stablecoins remain in a regulatory limbo. Current guidelines stipulate covered stablecoin issuers must avoid mixing reserves with operational capital and providing interest to tokenholders, raising concerns about the future of various stablecoin models.

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