NHS chief Sir Simon Stevens has failed to confirm he has confidence in Matt Hancock.
Asked repeatedly if, having worked alongside the health secretary during the pandemic, he has confidence in his ability, Sir Simon refused to give Mr Hancock his support.
Pressed on whether the health secretary is hopeless, the NHS boss smirks after an awkward pause and fails to answer.
“I mean, that is a political question,” he added.
Image: Matt Hancock has said he does not think he is hopeless
The PM’s former senior aide published the messages as part of a 7,000-word blogpost which appears to include a series of claims about Mr Johnson and Mr Hancock, including that the prime minister considered removing responsibility for PPE from the health secretary.
In one exchange, which Mr Cummings said was part of late-night messages on 26 March 2020, he and Mr Johnson appear to be discussing actions from “MH” in boosting the UK’s COVID testing capacity.
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The screenshot shows a reply from the prime minister stating: “Totally f****** hopeless”.
Image: On Wednesday, Dominic Cummings published messages allegedly from the PM
At a lobby briefing on Wednesday, Downing Street did not deny the messages were authentic, but assured journalists that the PM has full confidence in the health secretary.
“I am not planning to engage with every allegation put forward, the prime minister has worked very closely with the health secretary throughout and will continue to do so,” the spokesman said.
Asked if there were security concerns about Mr Cummings’s disclosure of messages, the spokesman added: “I don’t plan to get into individual cases, there are rules published for former advisers to observe.”
As he left the Department of Health for the House of Commons on Wednesday, Mr Hancock was asked if he believed himself to be “hopeless”.
“I don’t think so,” he replied.
Pressed again on the matter on Thursday, the health secretary said: “I’m not going to get in to that.”
But when the text messages were put to Sir Simon on Thursday, he could not say that he had full faith in the health secretary.
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‘Are you hopeless Mr Hancock?’
Sir Simon is due to step down as head of NHS England at the end of July after having overseen the COVID vaccination rollout to adults.
The PM has previously praised Sir Simon for leading the NHS with “great distinction” and he is due to become a peer in the House of Lords following his departure.
But there has not always been such an amicable relationship between Sir Simon and Mr Johnson, who attended Oxford University together, with tensions occurring between ministers and top health officials throughout the pandemic.
There were concerns earlier in the year that the NHS would not be able to successfully roll out the vaccination programme.
But those sceptical have since been proven wrong, with Mr Hancock announcing on Thursday that all over 18s will be able to take up the offer of a jab.
Baroness Harding, who is the wife of Tory MP John Penrose, formally entered the running to become the top boss of England’s healthcare system on Thursday.
A growing rift has emerged in Washington, D.C., between the cryptocurrency industry and labor unions as lawmakers debate whether to ease rules allowing cryptocurrencies in 401(k) retirement accounts.
The dispute centers on proposed market structure legislation that would allow retirement accounts to gain exposure to crypto, a move labor groups say could expose workers to speculative risk. In a letter sent on Wednesday to the US Senate Banking Committee, the American Federation of Teachers argued that cryptocurrencies are too volatile for pension and retirement savings, warning that workers could face significant losses.
The letter drew immediate pushback from crypto investors and industry figures. “The American Federation of Teachers has somehow developed the most logically incoherent, least educated take one could possibly author on the matter of crypto market structure regulation,” a crypto investor said on X.
The AFT letter to Congress opposes regulatory changes that would allow 401(k) retirement accounts to hold alternative assets, including cryptocurrency. Source: CNBC
In response to the letter, Castle Island Ventures partner Sean Judge said the bill would improve oversight and reduce systemic risk, while enabling pension funds to access an asset class that has delivered strong long-term returns.
Consensys attorney Bill Hughes said the AFT’s opposition to the crypto market structure bill was politically motivated, accusing the group of acting as an extension of Democratic lawmakers.
Funds held in US retirement accounts by type of account plan. Source: ICI
Opposition to crypto in retirement and pension funds mounts
Proponents of allowing crypto in retirement portfolios, on the other hand, argue that it democratizes finance, while trade unions have voiced strong opposition to relaxing current regulations, claiming that crypto is too risky for traditional retirement plans.
“Unregulated, risky currencies and investments are not where we should put pensions and retirement savings. The wild, wild west is not what we need, whether it’s crypto, AI, or social media,” AFT president Randi Weingarten said on Thursday.
The AFT represents 1.8 million teachers and educational professionals in the US and is one of the largest teachers’ unions in the country.
According to Better Markets, a nonprofit and nonpartisan advocacy organization, cryptocurrencies are too volatile for traditional retirement portfolios, and their high volatility can create time-horizon mismatches for pension investors seeking a predictable, low-volatility retirement plan.
Bitcoin and Ether volatility compared to other asset classes and stock indexes. Source: US Federal Reserve
In October, the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) also wrote to Congress opposing provisions within the crypto market structure regulatory bill.
The AFL-CIO, the largest federation of trade unions in the US, wrote that cryptocurrencies are volatile and pose a systemic risk to pension funds and the broader financial system.
The US Office of the Comptroller of the Currency has conditionally approved five national bank charter applications for companies tied to the digital assets industry.
In a Friday notice, the OCC said it had conditionally approved BitGo, Fidelity, and Paxos to convert their existing state-level trust companies into federally chartered national trust banks. In the same announcement, the regulator said it had conditionally approved new applications from Circle and Ripple for national trust bank charters.
“New entrants into the federal banking sector are good for consumers, the banking industry and the economy,” said Jonathan Gould, the Comptroller of the Currency, adding: “The OCC will continue to provide a path for both traditional and innovative approaches to financial services to ensure the federal banking system keeps pace with the evolution of finance and supports a modern economy.”
Europe’s crypto regulatory framework is entering a new phase of scrutiny as policymakers weigh whether enforcement of the Markets in Crypto-Assets (MiCA) regulation should remain with national authorities or be centralized under the European Securities and Markets Authority (ESMA).
MiCA, which came largely into force at the beginning of 2025, was designed to create a unified rulebook for crypto-asset service providers across the European Union.
But as implementation progresses, disparities between member states are becoming harder to ignore. Some regulators have approved dozens of licenses, while others have issued only a handful, prompting concerns about inconsistent supervision and regulatory arbitrage.
In this week’s episode of Byte-Sized Insight, Cointelegraph explored what those growing pains mean for Europe’s crypto market with Lewin Boehnke, chief strategy officer at Crypto Finance Group — a Switzerland-based digital asset firm with operations across the EU.
Uneven enforcement fuels calls for oversight
According to Boehnke, the core challenge facing Europe isn’t the MiCA framework itself, but rather how it is being applied differently across jurisdictions.
“There is a very, very uneven application of the regulation,” he said, pointing to stark contrasts between member states. Germany, for example, has already granted around 30 crypto licenses, many to established banks, while Luxembourg has approved just three, all to major, well-known firms.
The ESMA released a peer review of the Malta Financial Services Authority’s authorization of a crypto service provider, finding that the regulator only “partially met expectations.”
Those disparities have helped fuel support among some regulators and policymakers for transferring supervisory powers to ESMA, which would create a more centralized enforcement model similar to the US Securities and Exchange Commission.
France, Austria and Italy have all signaled support for such a move, particularly amid criticism of more permissive regimes elsewhere in the bloc.
From Boehnke’s perspective, centralization could be less about control and more about efficiency.
“From just purely the practical point of view, I think it would be a good idea to have a unified… application of the regulation,” he said, adding that direct engagement with the ESMA could reduce delays caused by back-and-forth between national authorities.
MiCA’s design praised, but technical questions remain
Despite criticism from some corners of the crypto industry, Boehnke said MiCA’s overarching structure is sound, particularly its focus on regulating intermediaries rather than peer-to-peer activity.
“I do like MiCA regulation… the overarching approach of regulating not necessarily the assets, not the peer-to-peer use, but the custodians and the ones that offer services… that is the right approach.”
However, he also noted that unresolved technical questions are slowing adoption, especially for banks. One example is MiCA’s requirement that custodians be able to return client assets “immediately,” a phrase that remains open to interpretation.
“Does that mean withdrawal of the crypto? Or is it good enough to sell the crypto and withdraw the fiat immediately?” Boehnke asked, noting that such ambiguities are still being worked through and are awaiting clarity from ESMA.
To hear the complete conversation on Byte-Sized Insight, listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows!