The biggest mining pool, which is also running a staking service, Ethermine, already is censoring base layer transactions and the Merge hasn't happened yet.
Circle/USDC jumped almost before being told to jump by the Treasury Department.
I find it extremely unlikely Coinbase, Circle's bed partner, won't be censoring base layer transactions in two or three weeks. (Yes, I saw the CEO's Twitter post--it was weasel-wordy and unpersuasive.) The idea that executives at large, regulated custodial institutions are going to risk millions of dollars in assets and possibly face 30 years in prison for highfalutin principle is crazy talk.
The biggest mining pool, which is also running a staking service, Ethermine, already is censoring base layer transactions and the Merge hasn't happened yet.
Circle/USDC jumped almost before being told to jump by the Treasury Department.
I find it extremely unlikely Coinbase, Circle's bed partner, won't be censoring base layer transactions in two or three weeks. (Yes, I saw the CEO's Twitter post--it was weasel-wordy and unpersuasive.) The idea that executives at large, regulated custodial institutions are going to risk millions of dollars in assets and possibly face 30 years in prison for highfalutin principle is crazy talk.