Cryptocurrency

Republican Cryptocurrency Lawyer Could Challenge Elizabeth Warren in 2024 Massachusetts Senate Race

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Providence, Rhode Island – Senator Elizabeth Warren of Massachusetts, known for her skepticism towards cryptocurrencies, may face an unexpected challenge from a Republican lawyer with expertise in the crypto field. The Boston Globe reports that John Deaton, a former Marine and the founder of Crypto Law, is seriously considering running against Warren, who has been a prominent advocate for cryptocurrency regulation. Although Warren is widely favored to win in her blue state and possesses a substantial campaign fund of nearly $4 million, a potential GOP opponent could demand her attention, potentially limiting her ability to … Read more

Former Locke Lord Partner Sentenced to 10 Years in Prison for $400 Million Cryptocurrency Fraud Scheme

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NEW YORK – A former partner at the U.S. law firm Locke Lord has been sentenced to 10 years in prison for his involvement in a $400 million fraudulent cryptocurrency scheme, according to Manhattan federal prosecutors. Mark Scott, 55, was found guilty of conspiracy to commit money laundering and conspiracy to commit bank fraud in November 2019, related to his role in the OneCoin cryptocurrency fraud. The sentencing occurred on Thursday, presided over by U.S. District Judge Edgardo Ramos. In addition to the prison term, Judge Ramos ordered Scott to forfeit $392,940,000 and various assets, … Read more