What regulatory issues will Ethereum face after the merger?

If the U.S. government wants to regulate Ethereum, the biggest possibility is to require large PoS staking service providers to conduct protocol-level transaction review on Ethereum. This is not the verifier “doing evil”, but the verifier’s “targeted sanctions” on the addresses on the chain.

Simply put, it is to monitor all requests sent by the sanctioned addresses, and reject all blocks containing transactions of the sanctioned addresses. When a block fails to pass more than 66% of the equity verification vote, the block All transaction requests will be rolled back, which means that sanctioned addresses will not be able to perform any operations, and validators will not face any penalties.

Up to now, the amount of ETH pledged on the entire Ethereum network is about 13 million ETH, while the amount of ETH pledged through Lido has accounted for about 30.9%, Coinbase accounts for about 14.7%, and Kraken accounts for about 8.5%.

If the U.S. government requires large node validators (service providers) represented by Lido, Coinabse, and Kraken to conduct protocol-level transaction review on Ethereum, it is difficult for a pledge service provider with a U.S. legal entity to refuse similar requests.