Base Building ‘Private’ Crypto Transactions – Questions Remain on How Private?

Coinbase CEO Brian Armstrong announced that Base is building private transactions after acquiring the Iron Fish team in March 2025, sparking questions about regulatory coexistence as Coin Center urged Treasury to permit privacy-preserving stablecoins on zero-knowledge blockchains warning against creating a "financial panopticon. " source: https://cryptonews.com/news/base-building-private-crypto-transactions-questions-remain-on-how-private/