Crypto leaders have faced continued legal scrutiny over the past few years, with several high-profile figures receiving lengthy prison sentences. In a recent study into jail sentences in crypto, Social Capital Markets draws parallels to the prosecution of bankers after the 2008 financial crisis. Social Capital Markets reported that key crypto players have been sentenced The post Convictions for crime related to crypto total 272 years in jail over past decade appeared first on CryptoSlate.

TrustToken and TrueCoin, the entities behind the TrueUSD (TUSD) stablecoin, last week reached a settlement with the US Securities and Exchange Commission (SEC) over allegations of fraudulent and unregistered sales of investment contracts. The companies have agreed to pay a combined total of $700,000 in penalties and disgorgement without admitting or denying the SEC’s findings. The post TrustToken and TrueCoin SEC settlement admits no fault or denial in TUSD case appeared first on CryptoSlate.

John Deaton has received an official endorsement from the Stand with Crypto PAC in his bid to challenge Senator Elizabeth Warren for her US Senate seat, amid a wave of broader endorsements. In total, Stand with Crypto has endorsed 20 Republicans and 19 Democrats, highlighting the bipartisan support for Bitcoin and crypto among mostly younger The post Stand with Crypto PAC endorses Warren rival John Deaton amid bipartisan support appeared first on CryptoSlate.

Leveraged Prediction Markets for Polymarket betting have gone live on Polygon mainnet through the D8X exchange. Front ends such as FreelyPerps, OctoFi, and DefiSaint allow traders to interact with the markets through their crypto wallets. Users can place leveraged bets on events like the 2024 US presidential election, where the current mark price for Donald The post Leveraged trading for Polymarket prediction markets arrive to subdued initial open interest appeared first on CryptoSlate.

Hong Kong’s financial regulators have announced plans to harmonize the city’s over-the-counter (OTC) derivatives reporting regime, including crypto derivatives, with international standards. The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) released a joint consultation conclusion outlining changes that will bring the city’s regulations in line with European and global practices. The post Hong Kong looks to become global OTC crypto center with new EU style reporting appeared first on CryptoSlate.