Two headlines from the same week say more about crypto's actual decentralization than another TPS chart ever will. US authorities reportedly froze about $475 million in USDT linked to Iran by using Tether's blacklist controls. A few days later, France ordered internet providers to block access to Polymarket before a World Cup match. These are very different cases. One is about a dollar issuer and sanctions. The other is about a regulator and access to a public website. But both expose the gap be
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