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Coinbase CEO Brian Armstrong Says: We'd Shut Down Ethereum Staking If Threatened by Regulators

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Blockchain technologists are becoming increasingly concerned about government regulations

Affecting the operation of Ethereum and its post-merger proof-of-stake consensus mechanism.

Brian Armstrong, CEO of Coinbase, responded to a hypothetical scenario via Twitter today. 

He stated that his company would close down its Ethereum staking services in the event of regulatory threats to ensure the integrity and security of the blockchain network.

Armstrong tweeted last week that the Tornado Cash ban had been announced. 

"Sanctioning technology (as opposed to an individual or entity) seems to me like a bad precedent and should probably be challenged."