All good things come in threes. In 2018, we introduced you to NoDoubt Crypto LLC (NoDoubt Crypto), an innovative fictional FinTech startup in the digital assets or blockchain space. Through the eyes of NoDoubt Crypto, we walked you through regulatory challenges firms face. A year later, we highlighted select regulatory developments, including new blockchain and crypto legislation. 2020 marks part three of the trilogy as we continue NoDoubt Crypto’s journey and its regulatory, legislative and enforcement review adventures.

Don’t Shy Away: Join the Crypto Party or … Regulate It

On Oct. 31, 2020, NoDoubt Crypto cheered Bitcoin on its 12th birthday, celebrating the 12th anniversary of the release of Satoshi Nakamoto’s Bitcoin white paper. NoDoubt Crypto’s mood dampened, however, when it realized that, even though blockchain technology and crypto were gaining worldwide industry popularity in 2020, regulators still shied away from the crypto party limelight. (Minor) exceptions noted, of course, further below.

The Alphabet Soup Thickens