John E. Deaton Criticized US Government’s Bitcoin Transaction To Coinbase Here’s Why
Summary
Legal expert John E. Deaton criticized the US government for transferring over 3,940 BTC worth $241 million to Coinbase, questioning transparency and motivations. The Bitcoin was seized from a drug dealer and transferred amidst a global crypto market downturn. Deaton accused the government of indirectly endorsing Coinbase, despite its legal battles with the SEC. This comes as Coinbase intensifies its fight for regulatory clarification, suing the SEC and FDIC for crucial information.
