@base builder #001; onchain cities w/ OAK & city3

Serious question

What happens when the US government asks base(coinbase) to flag USDC of specific addresses?

Cc: @jessepollak

circle runs USDC and has an explicit blacklisting policy in their terms of service: https://www.circle.com/en/legal/usdc-terms#:~:text=Blacklisting,permitted%20under%20the%20blacklisting%20policy.. it's the same on base as any other chain.

/zoz ✊☀️ autofollow list created #qDAU

Thank you! Good answer. I guess circle is the link in the chain that potentially breaks when the time comes

Or

Is USDC a CBDC???

I think the question remains: Does Coinbase have the ability to censor any activity on Base? For example, what would happen if someone created a clone of tornado cash on Base?

not exactly like all chains tbh. All chains don’t use a centralized sequencer

Thank you for this

what about other tokens?

if I got on the IRS/terroist radar, would Coinbase be able to lock my wallet on behalf of, share my trade details with, or drain my wallet for the IRS/CIA?