That's the whole deal, yeah. Now the US government directly controls the two largest centralized exchanges, Binance and CoinBase. This is a move that both factions of the Corporatist regime can get behind of. For the pro-co-option faction (BlackRock, JP Morgan, etc) the benefit of eliminating a "rogue" actor like CZ is obvious. For the prohibitionist faction (the Dem party, the bureaucracy and its ossified bankster cronies), it is a net positive too. Both win, Bitcoin and the plebs lose.
Discussion
OFAC is now monitoring n white/blacklisting/kyc any whale bitcoin address which will transact onchain with chainanalysis similar firms. basically anyone ramping is in multiple agency DBs already.
those coins cannot enter banking ramps easily.
only way bitcoin wins by circular economy which MICRO SIZE NOW + micro directing spending n accumulating in salvador brazil germany etc.
So evil it must be true.