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Can Ethereum Fight Back Against the US’ Sweeping Censorship Attempt?

August 21, 2022
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Can Ethereum Fight Back Against the US’ Sweeping Censorship Attempt?
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Coinbase is, very critically, a U.S.-based company and OFAC is, very critically, a department of the U.S. Treasury. So in a world where ETH users are trying to do a UASF to combat censorship, what happens if Coinbase’s validator complies with OFAC sanctions? Well, then Coinbase’s validator gets slashed. But as we mentioned above Coinbase runs a staking pool which holds ETH from, you guessed it, the users themselves.

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