Doesn't blacklisting funds go against the main idea of a decentralised crypto currency? What's the point of replacing the traditional banking and monetary system with something where funds could be devalued by the decisions of a few individuals?
Like the sketchy folks who run Tether and Binance at the same time.
Or Elon Musk tweets raising and lowering the value of Bitcoin by a significant amount.
Even Bitcoin itself is largely held by just a few people. It's just another tool for billionaires to get even richer.