Bill Clinton turned down an invitation to have tea with the Queen because he “wanted to be a tourist” in London, newly released official papers show.
The US president was visiting the UK in 1997 – four weeks after Tony Blair came to power – and said he wanted to hit the shops and eat Indian food.
Previously classified documents show Mr Clinton, Mr Blair and their wives Hillary and Cherie ended up dining at a French restaurant in London Bridge – complete with beer and fine wine.
Image: The Clintons and the Blairs headed for dinner instead
Memos between Whitehall aides show Mr Clinton was invited to Buckingham Palace to 5pm tea.
But a letter written by Downing Street private secretary Philip Barton said: “The Americans said that the president and Mrs Clinton were very grateful for HM The Queen’s invitation to tea at the palace, but would wish to decline politely.”
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The restaurant bill racked up by the Blairs and Clintons is also among the series of files released by the National Archives in Kew, dating back to Mr Blair’s first few months in government.
They spent a total of £298.86 at Le Pont de La Tour – and the bill featured £20 wild salmon, £19.50 grilled sole, £18 halibut, a £2.95 Budvar beer, and a bottle of Mas de Duamas 1995 wine priced at £34.75.
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Image: Tensions were high between Gordon Brown and Tony Blair’s aides
Blair and Brown tensions
The latest tranche of official papers from 1997 also shows that Mr Blair’s aides wanted Gordon Brown‘s spin doctor “out on his ear” amid fears that unauthorised briefings were damaging the new Labour government.
Files suggest officials struggled to manage tensions between the administration’s two most dominant figures right from their early days in office.
Peter Mandelson – one of Mr Blair’s ministers – repeatedly complained about the actions of Charles Whelan, who served as Mr Brown’s press secretary.
Mr Whelan was accused of planting a series of hostile stories about Mr Mandelson that were making the government “look foolish, and worse”.
A frank note written to Mr Blair also suggested that Mr Brown was using his chairmanship of cabinet committees to “bludgeon through” his own policies.
Image: A referendum on Scottish devolution was held in 1997
Scottish independence worries
The now-unclassified documents from 1997 also show that Downing Street advisers had conceded that Scotland could have a referendum on “anything it wants” without Westminster’s consent.
Even back then, key aides to the prime minister said “a couple of very worried Scottish MPs” were concerned about “the slippery slope to independence”.
Scotland voted in favour of devolution in September 1997, with Labour pledging that the country would be able to set up its own parliament responsible for education, health, transport and other matters.
It was not until 2014 that an independence referendum was held, with 55% voting against proposals for Scotland to break away from the rest of the UK.
Image: Tony Blair greets well-wishers at Downing Street after winning the 1997 election
Blair’s Irish famine message ‘written by aides’
The documents also reveal that Mr Blair’s headline-grabbing admission that the British government was culpable for the Irish Famine was actually hastily ghost-written by his aides.
At the 150th anniversary commemoration in Cork, a message was read on the prime minister’s behalf that said: “That one million people should have died in what was then part of the richest and most powerful nation in the world is something that still causes pain as we reflect on it today.
“Those who governed in London at the time failed their people through standing by while a crop failure turned into a massive human tragedy.”
A request from remarks from Mr Blair was made at the last minute, and they were approved by his private secretary because the prime minister was “not around at the time”.
Image: The Millennium Dome cost £758m and opened on 31 December 1999
Millennium Dome could have been tribute to Diana
Records also reveal that plans had been considered to make the Millennium Dome a tribute to Diana, Princess of Wales – and also faced the prospect of being scrapped altogether.
According to the PM’s director of communications Alastair Campbell, a member of the Dome’s board had proposed that the “Millennium project be completely refashioned, the site extended, to accommodate, for example, a hospital, businesses, charities, private residences, and the whole thing named ‘the Princess Diana Centre’.”
Separately, one of Mr Blair’s aides said: “Diana’s death could give us a semi-plausible excuse to cancel.”
The attraction cost £758m and opened on 31 December 1999, but it only drew 6.5 million visitors in 2000 – far fewer than the 12 million that had been budgeted for.
It was later closed and replaced with The O2, which has hosted concerts, sporting events and other entertainment since 2007.
United States President Donald Trump offered positive remarks about pro-crypto Fed chair nominee Chris Waller at a recent press conference, as speculation continues over his final choice.
“I think he’s great. I mean, he’s been a man who’s been there a long time. Somebody that I was very involved with and sense of his career, and he’s a fantastic man,” Trump said during a press conference on Thursday.
Waller has recently been perceived as relatively supportive of crypto, saying in an August speech at the Wyoming Blockchain Symposium 2025 that there is “nothing to be afraid of” about crypto payments operating outside the traditional banking system.
Trump says everyone on the shortlist “would be a good choice”
Waller currently has a 14% chance of being selected, according to crypto prediction platform Polymarket, making him the third most likely pick. Crypto-friendly White House economic adviser Kevin Hassett leads at 53%, followed by former Fed governor Kevin Warsh with 28% odds.
US President Donald Trump expects to make the Fed chair announcement in the next few weeks. Source: YouTube
Trump said that the list has been narrowed to three or four candidates. “I think every one of them would be a good choice, honestly,” he said.
When asked whether Fed governor Michelle Bowman was also on the shortlist, Trump did not directly answer the question, but described her as a “fantastic person.” Polymarket currently puts Bowman’s odds at 2%.
Trump said that he expects to make the announcement over the “next couple of weeks.” “I don’t know before the end of the year, but pretty soon,” Trump said.
Crypto industry has been keeping a close eye on Fed chair developments
The crypto industry has been paying close attention to developments surrounding Trump’s Fed chair nominee, with the discussion ramping up in recent months as the Fed’s role in monetary policy is often seen as affecting broader crypto market conditions.
Interest rates, which are set by the Federal Reserve, are widely viewed as having a significant impact on the crypto market.
When rates are lowered, investors tend to seek higher-risk assets such as cryptocurrencies, as traditional investments like bonds and term deposits become less attractive.
XRP exchange-traded funds have surpassed $1 billion in assets due to the long-standing recognition of the token among mainstream market participants, combined with its strong price performance over the past few years, according to a crypto executive.
It comes as spot Ether (ETH) ETFs continue to post outflows, while spot Bitcoin (BTC) ETFs have recorded choppy performance over the past week.
“Many investors are taking a position in XRP because of the familiarity. It has a long track record,” Sui Chung, the CEO of crypto price index provider CF Benchmarks, told CNBC on Wednesday.
XRP’s 3-year return not unnoticed by investors
Chung said that XRP’s multi-year performance has also played a role in attracting capital.
“Obviously, price performance has been pretty impressive over the past three or four years, so there are a number of reasons that it’s attracting investor dollars,” he said.
CF Benchmarks CEO Sui Chung spoke to CNBC on Wednesday. Source: CNBC
XRP (XRP) is trading at $1.81 at the time of publication, and while it is up approximately 417% since 2022, it is down 22.81% since Jan. 1, according to CoinMarketCap.
Spot XRP ETF has seen $423.27 million in inflows since Nov. 14, according to CoinGlass, and recently surpassed $1 billion in assets under management, data from SoSoValue shows.
The five major XRP ETF issuers, Canary Capital, 21Shares, Grayscale Investments, Bitwise Asset Management and Franklin Templeton, currently have $1.14 billion in AUM.
Solana narrative is starting to be better understood
Meanwhile, Chung said that investors are beginning to better understand the investment case for Solana (SOL), helping drive recent inflows into spot Solana ETFs.
Over the past nine days, spot Solana ETFs have posted $102.8 million in net inflows, according to CoinGlass.
“The understanding that traditional investors have of Solana and the types of applications that run on Solana, the types of fees that Solana has and the daily active users makes for a pretty compelling reading,” he said.
The rising demand for Solana and XRP spot ETFs coincides with the increased volatility in trading of the two largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, in their US-based ETF products.
Spot Ether ETFs have recorded five consecutive days of outflows totaling $533.1 million, according to Farside.
However, spot Bitcoin ETFs have recorded choppier performance over the same period. On Thursday, US spot Bitcoin ETFs logged $457.3 million in inflows, recouping part of the $634.8 million in outflows seen over the prior two sessions.
The long-awaited Digital Asset Market Clarity Act, or CLARITY Act, is moving closer to law, with a Senate markup expected in January, says White House artificial intelligence and crypto czar David Sacks.
Sacks posted to X on Thursday that Senate Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman had confirmed that the bipartisan crypto bill will be shaped up by the Senate next month.
”We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January!”
The CLARITY Act would define crypto securities and commodities and clarify the roles of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and other financial regulators.
Backers of the bill say it will reduce regulatory uncertainty for crypto firms by establishing clearer compliance pathways and encourage innovation while strengthening investor protections.
Movement of the CLARITY Act has been slower than expected, with Senator Cynthia Lummis having predicted in September that the CLARITY Act would get to President Donald Trump’s desk for his signature before the end of 2025.
The delays have largely been attributed to the record 43-day US government shutdown across October and November. However, US regulators met with executives from Coinbase, Ripple, Circle and others during that time to ensure the momentum of the bill didn’t stall.
Sacks’ post had confirmed earlier reports that the Senate markup would be pushed into the new year.
The House passed the CLARITY Act in July, and the Senate markup will debate and potentially amend the bill before it’s sent to the full chamber for a vote.
Scott will have to tackle passing the bill with a supermajority of votes to avoid it being forever stalled and essentially abandoned.
If the Senate passes it with amendments, the bill will return to the House for final approval before reaching Trump’s desk.