Coinbase CEO Would Shutdown ETH Staking Service if Asked to Bend to Regulators
EthereumIsasara ng CEO ng Coinbase ang ETH Staking Service Kung Hihilingin na Yumuko sa Mga Regulator08 / 18 / 2022Balita ng Ethereum ng Bitcoin Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platforms concentrated stake in the protocol. If compelled by the government to do so, hed rather shut down the service. Armstrong made his intentions clear in response to an Ethereum developers tanong concerning the centralization of staked ETH. According to Dune Analytics, 66% of ETH staked on the beacon chain is held by entities that are regulated by the Office of Foreign Assets Control (OFAC). As such, the developer asked the leaders of some of the larger staking entities – including Coinbase – whether theyd collude to censor transactions if compelled to do so by the OFAC. Armstrong Nasagot that if Coinbase were put in that position, he thinks theyd opt to shut down their staking service, rather than outright comply. “Got to focus on the bigger picture,” he said. “There may be some better option (C) or a legal challenge as well that could help reach a better outcome.” “Its a hypothetical we hopefully wont actually face,” he added. Ang OFAC sanctioned