Yes, and what what a lot of deluded horse-shit that is.
The US has sovereignty over the US. That is about it.
The vast majority of the Internet Infrastructure is actually outside the US and could be soon rigged to run independently if the Yanks decide to go it alone.
It is all about critical mass and who is essential to the operations. If an independent ICANN operating from Geneva told Bush to go hang, frankly there is stuff all he could do about it whether he controlled IANA or not. The power behind the Internet really is still Verisign. They control a very substantial part of the hardware and the only gTLDs that really matter in terms of strategic importance.
ICANN and Verisign between them could implement an alternate root in days if they had to. ICANN cannot do anything without Verisign, but they certainly are not hostage to Washington. Everyone wants a smooth transition to a global internet but US dictating what actually can and cannot be put into the Root simply is not acceptable and just not an option, and frankly it doesn't matter who has got what on which bits of paper.
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