Key Points:
In a lighthearted tweet, SEC Chairman Gary Gensler playfully wondered if anyone would recognize Satoshi should he decide to go incognito for Halloween. He used the occasion to encourage cryptocurrency companies to adhere to securities laws, urging them to stop “tricking investors.”
The Bitcoin white paper, authored by Satoshi Nakamoto under his pseudonym, was unveiled on October 31, 2008. This seminal document laid the groundwork for the Bitcoin network, presenting the concept of a decentralized electronic currency with minimal transaction costs and no reliance on traditional financial institutions.
Satoshi Nakamoto, who interacted with early Bitcoin developers and miners, vanished from the scene in mid-2010, leaving his true identity shrouded in mystery.
Cryptocurrency has since gained global prominence and regulatory attention. SEC Chairman Gary Gensler’s unexpected celebration of the Bitcoin white paper has piqued the interest of the crypto community, given his known stance on cryptocurrency regulation.
The SEC is set to make decisions on several spot Bitcoin exchange-traded fund (ETF) applications, with major financial institutions, including BlackRock, vying for approval to launch such products in the United States.
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