'Silk Road' Bitcoin Sent to Exchange Proclaimed 'Illegal,' Crypto Advocate Enraged

Cryptocurrency advocate John Deaton has taken to his account on the X social media platform to share his take on the recent quarter-million-USD worth of Bitcoin transaction made by the

Deaton reminded the community that chairman of the U.S. Securities and Exchange Commission Gary Gensler has “declared war” on Coinbase by labeling its business as illegal for trading altcoins, which he refers to as “unregistered securities,” setting forth its charges against the exchange in June last year.

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