O RLY?
The Coinbase situation is a gross over-reach, and is unlikely to stand. It's typical heavy-handed government seeing if it can get away with absurd behavior by hammering someone who might not be able to fight back. It's hard not to find precedent to strike it on very obvious 4th Amendment grounds.
Such requests cannot be made without specific probable cause against a specific individual. There is no "because Bitcoin" exception to the 4th Amendment that causes all users of a certain service to have their privacy laid bare just because the IRS heard a rumor that somebody, somewhere, might be using Bitcoin as a tax shelter. Somebody might have bought weed using a $20 bill. That doesn't mean anyone in possession of cash is subject to search and/or a subpoena deuces tecum of everything they've ever bought or sold... No 3rd party can be compelled to act as the proxy by which such a mass violation would occur.
Since it has been made clear that Coinbase is not the entity under investigation for anything such as class-actionable fraud or non-compliance with MSB, the records of Coinbase can't be demanded on this lack of basis.
(The last 8 years of the tyrannical leftist regime in power has made anyone who they deem "the enemy" into a bit of a lawyer. We have to be to survive the democrat jackboot thuggery, while they pretend to be victims.)
If the price has nothing to do with China, why did you feel the need to throw out that non-sequitur?
Circle thinks they're such a big deal that they don't need anybody else? Who cares... A bubble inside a bubble... I get what they're doing, but they're taking it to the opposite extreme which is just as useless, and acting a bit too big for their britches. It's a lot like Bank of America deciding to invent it's own cryptocurrency, after having been founded on a different one.
BTC doesn't try to save face. It is a protocol, not douche bag trying to cov er up his own bad behavior by stretching the culture of face-saving as the excuse. You sound kinda Asian, and probably not a very successful one by your abuse of the "save face" concept. I guess Gwai Lo isn't supposed to know how it works?
Oh, yeah. This is a DASH forum. Why do we give a shit about BTC? Why would we create an exit plan from something we don't have? It's like planning to escape prison when you're not in prison.
Care to list the USD/DASH exchanges thus bringing tangential topical validity to this thread?
