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Boris Johnson will denounce the terrorists who killed nearly 3,000 people during the 9/11 attacks while paying tribute to their victims on the 20th anniversary.

The prime minister has recorded a video message that will be played at a memorial event on Saturday at the Olympic Park in east London where a memorial forged from the steel from Ground Zero – where the World Trade Center stood in New York – is on display.

In the message, he will say how September 11, 2001 “became, in President Roosevelt’s words after Pearl Harbour, a ‘date which will live in infamy'”.

Prime Minister Boris Johnson during a meeting with the President of Chile, Sebastian Pinera at 10 Downing Street in London. Picture date: Friday September 10, 2021.
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Boris Johnson will pay tribute to those who died

Mr Johnson, who was born in New York City, will say how terrorists “tried to destroy the faith of free peoples everywhere in the open societies which terrorists despise and which we cherish”.

“And it is precisely because of the openness and tolerance of the United States that people of almost every nationality and religion were among the 2,977 murdered on that day, including 67 Britons, each of them a symbol of the eternal friendship between the United Kingdom and the United States,” he will say.

“But while the terrorists imposed their burden of grief and suffering, and while the threat persists today, we can now say with the perspective of 20 years that they failed to shake our belief in freedom and democracy; they failed to drive our nations apart, or cause us to abandon our values, or to live in permanent fear.

“The fact that we are coming together today – in sorrow but also in faith and resolve – demonstrates the failure of terrorism and the strength of the bonds between us.”

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Mr Johnson will also congratulate Since 9/11, the organisation holding the memorial, for their “vital work to educate young people about what happened on that day”.

He will also mention the recent withdrawal of British and all foreign troops from Afghanistan nearly 20 years after sending troops there in reaction to the 9/11 attacks by Al Qaeda.

Hundreds of firefighters were among those who died in the 9/11 attacks
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Hundreds of firefighters were among those who died in the 9/11 attacks

“Recent events in Afghanistan only strengthen our determination to remember those who were taken from us, cherish the survivors and those who still grieve and hold fast to our belief in liberty and democracy, which will always prevail over every foe,” Mr Johnson will conclude.

Labour leader Sir Keir Starmer has also paid tribute to those who lost their lives that day and say how the “consequences of the 9/11 attacks are still being felt to this day – the tragedy is still so raw”.

He said: “We show support to our American friends as they mark this difficult time in their history.

“And we remember those in all corners of the world who have lost their lives to terror. They will always be in our hearts …and our memories.”

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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.