Arrest Of Ex-Wash. State Senator Ordered In Crypto Suit

By Craig Clough (April 21, 2020, 10:40 PM EDT) -- A Texas federal judge issued bench warrants Tuesday for the arrest of an ex-Washington state senator and the co-creator of a purported cryptocurrency after they failed to appear for a hearing, saying incarceration will be effective in making the pair follow his orders.

U.S. District Judge Robert Pitman held a hearing Monday on the U.S. Securities and Exchange Commission's emergency motion for an order to show cause why the two men and a third defendant should not be held in contempt, but none of them appeared despite the proceeding taking place by video conference and telephone.

The SEC sought the order to...

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