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The State of Crypto Regulation | Rebecca Rettig and Jake Chervinsky

Empire

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Decentralized Cryptocurrency

I think a lot of what Rebecca described, I would call sort of the short-term, unintended consequences that we have to clarify. One is where is the line where OFAC will sanction the next decentralized protocol because they think it's being used too much by bad actors? The second issue is, what do the sanctions that have already been imposed to require for other systemic players in the crypto world? How are miners or validators going to comply with sanctions? Does this require censoring blocks? Does it require re-orging the chain? If the immediate, you know, past block includes a sanction transaction? These are all the questions I think we need to answer going forward.

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