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The government has accepted the recommendation from the UK’s chief medical officers that children aged 12 to 15 should be offered a first dose of the Pfizer/BioNTech coronavirus vaccine and invitations will start being sent out next week.

Making the announcement in the Commons, Vaccines Minister Nadhim Zahawi said: “We will now move with the same sense of urgency we’ve had at every point in our vaccination programme.”

Health Secretary Sajid Javid said: “I have accepted the recommendation from the Chief Medical Officers to expand vaccination to those aged 12 to 15 – protecting young people from catching COVID-19, reducing transmission in schools and keeping pupils in the classroom.

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Jabs for kids: ‘Benefits exceed risks’

“I am very grateful for the expert advice I have received from the Joint Committee on Vaccination and Immunisation and UK Chief Medical Officers.”

It comes after the chief medical officers said offering jabs to 12 to 15-year-olds would be a “useful tool” in reducing disruption to their education.

In their advice to the government, they said they were making the recommendation on “public health grounds” and it was “likely vaccination will help reduce transmission of COVID-19 in schools”.

The move means around three million children will now be eligible for the jab, which is expected to be administered through schools.

More on Covid-19

The consent of parents, guardians and carers will be sought prior to vaccination, but the Health Secretary told Sky News last week that children would get the “final say” over whether or not they get a jab.

Addressing this in his statement to MPs, Mr Zahawi said: “In the rare event that there is a situation a parent does not consent but the child or the teenager wants to have the vaccine, then there is a process by which the school age vaccination clinician will bring initially the parent and the child to see whether they can reach consensus and if not, if the child is deemed to be competent, then the vaccination will take place.”

Analysis by Ashish Joshi, health correspondent

Recognising the potential for sending mixed messages, Professor Chris Whitty explained why there was no conflict.

The JCVI had a narrow remit, only to look at the immediate health impact of vaccination on these children.

But, and this is the key difference, the CMOs looked at the much wider impact of COVID-19 on this age group including disruption to education, mental health, protection from long COVID, the impact of isolation on social skill development and so on.

When looked at in this way, it was decided the vaccination offers much more than a marginal health gain.

This makes sense.

But to have two key decisions that look like they disagree with each other makes public health communication problematic.

Parents are already confused and conflicted.

Prof Whitty says he has no regrets over the messaging saying instead he would regret getting the decision wrong.

Professor Wei Shen Lim from the JCVI told me he did not feel undermined. Of course they are both correct.

Two separate panels looking at the same issue through two separate lenses are likely to arrive at different outcomes.

The explanation stands up to scrutiny.

But successful vaccination programmes rely on high take up. Unfortunately that might have been undermined by the way the advice has been delivered.

The minister told the Commons that vaccines “are our best defence against this virus”.

“Our jabs have already prevented over 112,000 deaths, more than 143,000 hospitalisations and over 24 million infections,” he said.

“They have built a vast wall of defence for the British people.”

He added that there is a “comprehensive” surveillance strategy in place to monitor the safety of the COVID vaccines and continued: “It is important to remember that our teenagers have shown great public spirit at every point in this pandemic. They have stuck to the rules so that lives could be saved and people kept safe.

“They have been some of the most enthusiastic proponents of vaccines. This is at least in part because they have experienced the damage that comes with outbreaks of COVID-19.”

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Decision on vaccinating children ‘more difficult’

Labour’s shadow health secretary Jonathan Ashworth said the party backed the government’s approach, but urged ministers to provide as much information to parents as they can.

He also posed a series of questions to the vaccines minister, including whether parental consent would be needed and whether the jabs would be administered through an existing NHS programme for other vaccines for children.

Mr Zahawi said in response that the NHS was “incredibly efficient and well equipped” in providing inoculations to children already and that an existing programme which visits schools would be used for the COVID jabs.

But Tory MP Dr Caroline Johnson said she was not “comfortable” with vaccinating teenagers to avoid “educational disruption”, while former party leader Sir Iain Duncan Smith warned of the risk of “family disputes” over whether children should take up the offer of a jab.

Conservative MP and former minister Steve Baker urged the government to guarantee that “a child’s ability to receive an education equally with their peers will never be linked to their vaccination status”.

Mr Zahawi said in response: “That will not be used in any way. The whole purpose of this is to accept the clinical advice and protect children.”

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What do teenagers think of COVID vaccine?

The recommendation from the CMOs followed a decision from the Joint Committee on Vaccination and Immunisation not to recommend mass vaccination of 12 to 15-year-olds on health grounds alone.

Explaining the rationale for their decision, the JCVI said the virus poses a very low risk to healthy children and inoculating them would only provide a marginal benefit.

But they did say that other issues, such as education, should be taken into account and considered by the CMOs in making their final decision.

Speaking earlier at a Downing Street news conference, the JCVI’s Professor Wei Shin Lim said there was “no conflict” between the stances of the JCVI and the CMOs, adding that the JCVI had looked at the question from a health perspective.

Mr Zahawi said further guidance would be sought from the JCVI before any decision is made on whether to offer second doses.

Speaking on the eve of Prime Minister Boris Johnson setting out his winter plan to manage COVID in the months to come, the vaccines minister told MPs that the government wanted to deliver an “ambitious” programme of booster jabs.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

The US Securities and Exchange Commission and crypto exchange Gemini have asked to pause the regulator’s suit over the exchange’s Gemini Earn program, saying they want to discuss a potential resolution. 

In an April 1 letter to New York federal court judge Edgardo Ramos, lawyers representing the SEC and Genesis requested a 60-day hold on the case and that all deadlines be pulled “to allow the parties to explore a potential resolution.” 

“In this case, the parties submit that it is in each of their interests to stay this matter while they consider a potential resolution and agree that no party or non-party would be prejudiced by a stay,” the letter states.

The lawyers added that a stay was in the court’s interest as “a resolution would conserve judicial resources” and proposed that a joint status report be submitted within 60 days after the entry of the stay.

The SEC sued Gemini and crypto lending firm Genesis Global Capital in January 2023, alleging they offered unregistered securities through the Gemini Earn program.

In March 2024, Genesis agreed to pay $21 million to settle charges related to the lending program, but the enforcement case against Gemini remains outstanding.

SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

Letter from SEC and Genesis Global requesting extension of stay. Source: CourtListener

The letter did not specify what a possible resolution would entail, but the SEC has dropped several lawsuits it launched against crypto companies under the Biden administration, including against Coinbase, Ripple and Kraken.

Related: Will new US SEC rules bring crypto companies onshore?

In February, Gemini said the SEC closed a separate investigation into the firm as the regulator winds back its crypto enforcement under President Donald Trump. 

“The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation. Of course, Gemini is not alone,” Gemini co-founder Cameron Winklevoss said at the time.

OpenSea, Crypto.com and Uniswap, among others, have also recently reported that the SEC had closed similar probes into their companies that were investigating alleged breaches of securities laws.

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

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Crypto PAC-backed Republicans win US House seats in Florida special elections

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Crypto PAC-backed Republicans win US House seats in Florida special elections

Crypto PAC-backed Republicans win US House seats in Florida special elections

Two Republicans who received a combined $1.5 million from the crypto-backed political action committee (PAC) Fairshake will enter the US House after winning special elections in Florida.

Republican Jimmy Patronis won the vacant seat in Florida’s 1st Congressional District to replace Matt Gaetz, taking 57% of the vote to defeat Democrat Gay Valimont, according to AP News data.

Randy Fine also took Florida’s 6th Congressional District with 56.7% of the vote to beat his Democratic rival, public school teacher Josh Weil, and fill a seat left vacant by Mike Waltz, who took a job as White House national security adviser.

Florida’s 1st and 6th Congressional Districts — located in Florida’s western panhandle and along the state’s northeast coast — have been controlled by Republicans for roughly 30 years, but their lead has narrowed in recent years.

Fairshake, a PAC backed by crypto industry giants including Coinbase, Ripple and Andreessen Horowitz, gave Fine around $1.16 million in advertising spending and funneled $347,000 to Patronis to support his campaign.

Both Republicans have expressed support for the crypto industry, with Fine stating in a Jan. 14 X post that “Floridians want crypto innovation!”

Crypto PAC-backed Republicans win US House seats in Florida special elections

Source: Randy Fine

Fairshake and its affiliates poured around $170 million into the 2024 US presidential and congressional elections to back candidates who committed to supporting the crypto industry.

The wins by Patronis and Fine increased Republican representation in the House to 220 seats, with the Democrats holding 213 seats.

There are two vacant seats to be filled after Texas and Arizona Democrats Sylvester Turner and Raúl Grijalva died on March 5 and March 13, respectively.

Florida can expect to see a crypto-friendly regulatory environment 

The victories for Patronis and Fine likely mean that crypto legislation will continue to see support in the US capital.

The Republican Party would have maintained its House majority even if it lost both seats in Florida, but it would have made it more difficult for some of the recently introduced Republican-backed crypto bills to pass through the House and Senate.

Related: Florida bill proposes strict rules against online gambling

At the Digital Assets Summit on March 18, Democratic Congressman Ro Khanna said he believes Congress “should be able to get” both a stablecoin and crypto market structure bill done this year.

Bills that could eventually make their way to the House include the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which passed the Senate Banking Committee in an 18-6 vote on March 13.

Senator Cynthia Lummis also reintroduced a Bitcoin reserve bill about a week after the Trump administration announced the establishment of a Strategic Bitcoin Reserve on March 6, with the legislation referred to the Senate Banking Committee on March 11.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

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UK trade bodies ask government to make crypto a ‘strategic priority’

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UK trade bodies ask government to make crypto a ‘strategic priority’

UK trade bodies ask government to make crypto a ‘strategic priority’

Several British trade associations have asked Prime Minister Keir Starmer’s office to appoint a special envoy dedicated to crypto and for a dedicated action plan for digital assets and blockchain technology.

In a March 31 letter, the coalition of six UK digital economy trade bodies urged Starmer’s special adviser on business and investment, Varun Chandra, for a “greater strategic focus and alignment to deliver investment, growth and jobs” for the crypto industry. 

The group, which consisted of the UK Cryptoasset Business Council, Global Digital Finance, The Payments Association, Digital Currencies Governance Group, the Crypto Council for Innovation and techUK, noted the US policy shift on crypto under President Donald Trump and his appointment of a crypto czar.

Britain’s commitment to an economic trade deal focused on technological cooperation with the US “presents a significant opportunity to mirror the United States’ ambition in fostering leadership in blockchain, digital assets, and other emerging financial technologies,” the letter stated. 

The group recommended that the UK appoint a blockchain special envoy, similar to the US, to coordinate policy, foster innovation, and position the country competitively in global markets.

The trade bodies also called for the development of a dedicated government action plan for crypto and blockchain technology, including a concierge service to attract high-potential firms.

They added that the government should acknowledge and leverage the commonalities between blockchain, quantum computing and artificial intelligence technologies, including potential applications for government services.

Another recommendation was to create a high-level industry-government-regulator engagement forum to ensure informed decision-making and cross-sector collaboration.

UK trade bodies ask government to make crypto a ‘strategic priority’

The UK crypto and tech associations lobbying the government for a policy shift. Source: LinkedIn

“With deep pools of talent, access to capital, world-class academic institutions, and sophisticated regulators, the UK provides an environment where digital assets and blockchain innovation can thrive,” they stated. 

Related: UK should tax crypto buyers to boost stock investing, economy, says banker

The coalition argues that crypto and blockchain technology could boost the UK economy by 57 billion British pounds ($73.6 billion) over the next decade, with the sector potentially increasing global gross domestic product by 1.39 trillion pounds ($1.8 trillion) by 2030.

Tom Griffiths, the co-founder and managing partner of crypto compliance advisory firm BitCompli, said in response to the letter on LinkedIn that the Financial Conduct Authority “has a lot of talent and a good sight of future plans, but the UK is definitely losing pace with Dubai, Singapore, and other EU jurisdictions.”

“Now is the time for the FCA to act, or the UK will lose out on this huge opportunity, which is digital assets and all the benefits this sector can bring, not only now but over the next 20 years,” he added.

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

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