In 1994, the Today Show posed a question: "What is internet, anyway?" One anchor responded: "Internet is that massive computer network. The one that's becoming really big now." Another incredulously responded, "What does that mean? What do you, like, write to it like mail?" Much like the internet in 1994, bitcoin and cryptocurrency are mystifying to many people today. The good news is that recent enforcement actions and court decisions are starting to untangle the regulatory and legal complexities surrounding them.
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