Circle/USDC immediately blacklisted every sanctioned address. Reality is USDC is so intertwined with Eth/Defi at this point that the Feds can effectively censo

Circle/USDC immediately blacklisted every sanctioned address. Reality is USDC is so intertwined with Eth/Defi at this point that the Feds can effectively censor Eth through Circle. So while I agree this demonstration is silly it’s more a distraction from the fact that the Feds can enforce censorship via this highly centralized US-based stablecoin which has become so central to defi activity across many major protocols