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The vast majority of Scotland’s central belt will remain in Level 2 restrictions as Nicola Sturgeon delayed the easing of COVID measures for many parts of the country.

The first minister said there would be a “slight slowing down” in the lifting of lockdown rules for much of Scotland due to spread of the Indian variant of coronavirus.

Edinburgh and Midlothian, Dundee, East Dunbartonshire, Renfrewshire, East Renfrewshire, North, South and East Ayrshire, North and South Lanarkshire, Clackmannanshire and Stirling have not yet met the criteria to see restrictions ease, Ms Sturgeon said.

As a result, those areas will remain under Level 2 restrictions.

However, another 18 local authorities will see restrictions ease from Saturday to move down to Level 1 measures.

These are Highland, Argyll & Bute, Aberdeen City and Aberdeenshire, Moray, Angus, Perth & Kinross, Falkirk, Fife, Inverclyde, East and West Lothian, West Dunbartonshire, Dumfries & Galloway and the Borders.

And Glasgow will move down from Level 3 to Level 2 from midnight on Friday.

More on Covid-19

Under the Scottish government’s COVID route map, the whole of Scotland had been scheduled to move into Level 1 restrictions from next Monday, 7 June.

The country had moved to Level 2 restrictions last month, although a spike in infections – thought to be driven in large part by the Indian variant of the virus – forced ministers to keep the entire Glasgow City Council area in Level 3.

Last week, Ms Sturgeon said Glasgow had an “uncomfortably high” number of COVID cases despite “signs of progress” in limiting infections.

Level 3 restrictions mean pubs, bars and restaurants can’t serve alcohol indoors and must close at 8pm, while gatherings inside other peoples’ homes are barred.

Under Level 2 restrictions, pubs, bars and restaurants are allowed to serve alcohol indoors, six people from three households can meet inside homes and stay overnight, and indoor group exercise classes allowed for over 18s.

And under Level 1 restrictions, there is even greater flexibility on social mixing and all leisure and entertainment businesses – apart from nightclubs – can open.

People are able to travel anywhere in Scotland in Levels 0, 1 or 2 but must not enter a Level 3 or 4 area unless they have a permitted reason like going to work or caring for a vulnerable person.

Ms Sturgeon’s decision to delay the easing of restrictions for much of Scotland will add to pressure on Prime Minister Boris Johnson to postpone a further reopening in England.

Stage four of Mr Johnson’s roadmap for easing coronavirus rules – when the prime minister aims to remove all legal limits on social contact – is scheduled to take place from 21 June.

But there is growing doubt over whether the prime minister will be able to keep to that date due to the spread of the Indian variant – now renamed as the Delta variant by the World Health Organisation – within the UK.

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Prospective CFTC chair addresses DeFi regulation at nomination hearing

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Prospective CFTC chair addresses DeFi regulation at nomination hearing

Michael Selig, who serves as chief counsel for the crypto task force at the US Securities and Exchange Commission, faced questions from lawmakers on the Senate Agriculture Committee for his nomination to be the next chair of the Commodity Futures Trading Commission.

On Wednesday, Selig appeared before the committee and addressed questions and concerns from lawmakers on both sides of the aisle regarding his potential conflicts of interest, policy views and experience as the next CFTC chair, succeeding Caroline Pham.

Government, Senate, SEC, CFTC, United States
Michael Selig addressing lawmakers on Wednesday’s confirmation hearing. Source: US Senate Agriculture Committee

In his opening statement, Selig said he had advised a wide range of market participants, including digital asset companies, and warned against the agency taking a regulation-by-enforcement approach, stating that it would drive companies offshore. 

“We’re at a unique moment in the history of our financial markets,” said Selig. “A wide range of new technologies, products, and platforms are emerging […] the digital asset economy alone has grown from a mere curiosity to a nearly $4 trillion market.”

The confirmation of Selig, whom US President Donald Trump nominated to chair the CFTC following the removal of his first pick, Brian Quintenz, is expected to head for a vote soon. According to the Senate calendar, the Agriculture Committee is scheduled to discuss his nomination on Thursday.

Addressing DeFi, crypto enforcement, roles of agency

The prospective CFTC chair responded to questions from the committee chair, Senator John Boozman, who advocated for the agency to take a leading role in regulating spot digital commodity markets. The senator’s remarks came as the committee is expected to consider a market structure bill that would give the CFTC more authority to regulate crypto.

“The CFTC, and only the CFTC, should regulate the trading of digital commodities,” said Boozman. 

Related: SEC’s ‘future-proofing’ push to shape how much freedom crypto enjoys after Trump

The Arkansas senator questioned Selig about his potential approach to decentralized finance if he were to be confirmed, an issue that reportedly divided many lawmakers on the market structure bill. 

“When we’re thinking about DeFi, it’s something of a buzzword, but really we should be looking to onchain markets and onchain applications and thinking about the features of these applications as well as where there’s an actual intermediary involved […]” said Selig.

He added that it was “vitally important that we have a cop on the beat” in response to a question on regulating crypto, specifically spot digital asset commodity markets.