Coinbase will shut down staking service if regulators mandate censoring transactions
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Coinbase CEO Brian Armstrong said on August 17 that the firm would shut down its staking services if regulators wanted it to censor transactions as a validator.
It's a hypothetical we hopefully won't actually face. But if we did we'd go with B i think. Got to focus on the bigger picture. There may be some better option (C) or a legal challenge as well that could help reach a better outcome.
— Brian Armstrong – barmstrong.eth (@brian_armstrong) August 17, 2022
According to Armstrong, in a hypothetical situation like that, the firm would have to focus on the bigger picture of preserving the network integrity by shutting its services.
He continued that the firm could also mount a legal challenge to the request from the authorities.
Armstrong was responding to a question from rotkiapp founder Lefteris Karapetsas.
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