Coinbase CEO Brian Armstrong said that they will not be willing to censor transactions made on the Ethereum blockchain.
Lefteris Karapetsas, one of the Ethereum developers, posed a question to some cryptocurrency exchanges on social media a few days ago. Karapetsas’ question was as follows:
“If regulators ask you to start censoring the ethereum network based on the validators you operate, would you A) comply and censor the network, B) otherwise stop your staking services and preserve the integrity of the network?”
Within a few months of the Ethereum blockchain to the proof-of-stake algorithm is scheduled to pass. In this way, the blockchain individuals and institutions that dedicate certain amounts of tokens, be responsible for approving transactions.
on the Ethereum blockchain the biggest Some of the validators are expected to consist of cryptocurrency exchanges.
The US government recently Enforcement of Tornado Cash took the decision. After that, the government blacklisting some Ethereum addresses It was a matter of curiosity what the reaction of the validators would be.
According to the statements made by Coinbase CEO Brian Armstrong, the company’s priority in such a situation is to network the Ethereum network. will protect. Armstrong replied to Karapetsas’ question:
“I hope we will never encounter such a scenario. But if we had to, I think we would choose option B. We need to focus on the big picture. Maybe there will be an option C or a legal path that will allow us to achieve a better outcome.”