I think the genuine problem with ethereum is that there are just a lot of people ok with surveillance and licensing regimes, and ok if venture capital for projects sell us out in the not far future.
The Usa can ban usa citizens off of DeFi, but most people here don't think its possible, they never do, even if you tell them the laws for four years they still don't believe you, and there's an even worse group of people in ethereum constantly pretending that somehow the usa will actually approve products, when it long since showed it only has bad faith to do so.
Kucoin is legally guilty, but morally innocent, your laws aren't moral, you just have the power to impose them.
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