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Liberal Democrat leader Sir Ed Davey has challenged his party to “tear down” the Conservatives’ “blue wall” in order to help oust Boris Johnson from Downing Street.

In his keynote address at the Liberal Democrat conference on Sunday, Sir Ed said the Tories would only lose power at the next election if his party took seats off them.

“Make no mistake: the electoral arithmetic is clear,” he said. “These Conservatives can’t be defeated next time unless we Liberal Democrats win Tory seats.”

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Chesham and Amersham: Tories lose seat for first time in 47 years

Sir Ed pointed to his party’s recent victory at June’s by-election in Chesham and Amersham – when they took the constituency from the Conservatives – as showing how “even in deepest, bluest Buckinghamshire the Tories can be beaten”.

“In Chesham and Amersham, we knocked out one blue brick; now it’s up to us to tear it down,” he added.

In a series of attacks on Mr Johnson and his government, Sir Ed claimed that many in traditionally Conservative-supporting areas “just don’t feel that Boris Johnson represents them, or shares their values”.

“They’re not convinced the prime minister is competent – or worse still, decent,” he added.

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And he said people who had voted Tory all their lives “now feel completely let down” and “betrayed”.

Prime Minister Boris Johnson holding his first Cabinet meeting since the reshuffle at 10 Downing Street, London. Picture date: Friday September 17, 2021.
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The Lib Dem leader launched a series of attacks on Boris Johnson and his government

Sir Ed said part of the reason for Lib Dem success in Chesham and Amersham was a “groundswell of frustration and discontent from people who feel ignored and taken for granted by this Conservative government”.

He appeared in front of around 150 people in London’s Canary Wharf in his first leader’s speech in front of a live audience, although most of the Lib Dem conference has been held online.

Sir Ed attacked the Tories’ cuts to Universal Credit, the reduction in the UK’s foreign aid budget, Conservative immigration policies and the government’s handling of the Afghanistan crisis.

And he also took aim at new Justice Secretary Dominic Raab, whose Esher and Walton constituency is one of the Lib Dems’ key targets ahead of the next election.

Sir Ed joked that the former foreign secretary – who was widely criticised for being in Greece as Afghanistan fell to the Taliban – only accepted his three new jobs at last week’s cabinet reshuffle “on the basis that three jobs would come with three times the holiday entitlement”.

The Lib Dem leader accused Mr Johnson of “steering us all into another terrible crisis” – after Brexit and COVID-19 – as UK businesses suffer supply issues and labour shortages.

He claimed ministers had “ignored all the warnings” about the government’s Brexit deal and new immigration rules.

And Sir Ed quipped: “To be fair, this is one time Boris Johnson has actually delivered; he said he wanted to ‘f*** business’, and he has well and truly f***** them.”

He called on his party to think back to 1992, when the Tories last won a fourth term in office, to remember how then Lib Dem leader, the late Paddy Ashdown, called for the party to “be the catalyst, the gathering point for a broader movement dedicated to winning the battle of ideas which will give Britain an electable alternative to Conservative government”.

Liberal Democrat leader Paddy Ashdown addressing a rally at the Oxford Union Society. R/I: 20/1/99: Mr Ashdown announced that he will resign as leader of the party after the European elections in June and as MP for Yeovil after the next election.
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Lib Dems were urged to heed the past call of their former leader Paddy Ashdown

“That was the role of the Liberal Democrats then and it is the role of the Liberal Democrats today,” Sir Ed said.

“Boris Johnson is not a prime Minister worthy of our great United Kingdom. His Conservatives are not a government worthy of the British people.

“This prime minister and these Conservatives have got to go.”

Although the Lib Dems and Labour discussed a coalition of their parties prior to the 1997 general election, Sir Ed has recently said he is “very sceptical” of a possible deal between current opposition parties.

Outlining his “fair deal” offer to British voters ahead of the next election in his speech, Sir Ed outlined commitments on climate change – such as banning new oil, gas and coal companies from the London Stock Exchange – as well as plans to replace business rates with a land tax and a proposal to allow unpaid carers and those they care for to have their own care budget.

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In the major policy announcement of his speech, Sir Ed called for the government to match what their own education adviser, Sir Kevan Collins, urged ministers to do and put at least £15bn into a post-pandemic catch-up fund for pupils.

He said schools should be able to spend the cash “as they see best”, while the Lib Dems have proposed that £5bn of the money over a three-year programme should be handed to parents in the form of catch-up vouchers.

“Parents could choose to spend it with their child’s own school – on an after-school homework club, on one-to-one tuition, on special extra-curricular activities from sports to music lessons, provided for that child by their school,” he said.

“Or parents could choose to spend it on tuition they organise. Or with a music teacher they find. Or on therapy and counselling.

“As long as it was supporting the education and well-being of their child, it would be the parents’ choice.”

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Binance tightens South African compliance rules for crypto transfers

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Binance tightens South African compliance rules for crypto transfers

Binance tightens South African compliance rules for crypto transfers

Binance is set to implement new compliance measures for South African users, requiring sender and receiver information for all crypto deposits and withdrawals.

In an announcement on April 23, the largest exchange in terms of daily trading volume of cryptocurrencies said the move comes in response to local regulatory demands.

Starting April 30, Binance users in South Africa will be prompted to provide additional information when transferring crypto.

For deposits, users must disclose the sender’s full name, country of residence, and, if applicable, the name of the originating crypto exchange. Similarly, withdrawals will require beneficiary details before processing.

Binance tightens South African compliance rules for crypto transfers
Binance to require information for all crypto transfers in South Africa. Source: Binance

The update will only impact crypto deposits and withdrawals, leaving trading and other platform features unaffected.

Related: US judge transfers Binance lawsuit to Florida, citing first-to-file rule

Missing transfer details may reverse transactions

Binance warned that failure to provide the required information may result in delayed transactions or, in some cases, a return of funds to the sender.

In preparation for the rollout, users will need to re-login to their accounts starting April 24.

The change comes as South Africa moves to boost oversight of the rapidly moving crypto sector.

On April 2, Bloomberg reported that South Africa’s Revenue Service (SARS) is urging individuals, crypto exchanges and intermediaries involved in crypto transactions to register with the authority, warning that failure to do so is now illegal.

In March, the Financial Sector Conduct Authority (FSCA) of South Africa issued a public warning against two unlicensed crypto firms, Afriinvest and Mutualwealth, accusing them of soliciting investments while promising unrealistic returns of up to 10,000 rand ($542) per day.

Related: Binance, KuCoin, MEXC report service issues due to AWS network interruption

South Africa pushes to become key crypto hub

Emerging economies across Africa, particularly South Africa, are positioning themselves as potential digital asset hubs amid growing regulatory clarity, Ben Caselin, chief marketing officer (CMO) of Johannesburg-based crypto exchange VALR, told Cointelegraph in September 2024.

Caselin said that South Africa’s strong legal framework and ease of business make it a key entry point for crypto expansion across the continent.

The South African crypto market is projected to generate $278 million in revenue in 2025, with expectations to grow at a compound annual growth rate (CAGR) of 7.86% and reach $332.9 million by 2028, according to Statista.

Binance tightens South African compliance rules for crypto transfers
Revenue in South Africa’s crypto market is expected to grow by 7.86% by 2028. Source: Statista

Regulatory momentum is increasing, with the FSCA approving 59 crypto platform licenses in March 2024, while over 260 applications remain under review.

Cointelegraph contacted Binance for comments but did not receive a response by publication.

Magazine: Former Love Island star’s tips on how to go viral in crypto: Van00sa, X Hall of Flame

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Robert Jenrick vows to ‘bring coalition together’ to end Tory-Reform fight

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Robert Jenrick vows to 'bring coalition together' to end Tory-Reform fight

Robert Jenrick has vowed to “bring this coalition together” to ensure that Conservatives and Reform UK are no longer fighting each other for votes by the time of the next election, according to a leaked recording obtained by Sky News.

The shadow justice secretary told an event with students last month he would try “one way or another” to make sure Reform UK and the Tories do not compete at another general election and hand a second term in office to Keir Starmer in the process.

In the exclusive audio, Mr Jenrick can be heard telling the students he is still working hard to put Reform UK out of business – the position of the Tory leader Kemi Badenoch.

Conservative Party leadership candidate Robert Jenrick delivers a speech during the Conservative Party Conference at the International Convention Centre in Birmingham.  Picture date: Wednesday October 2, 2024. PA Photo. See PA story POLITICS Tories. Photo credit should read: Jacob King/PA Wire
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Shadow justice secretary Robert Jenrick. Pic: PA

However, more controversially, the comments also suggest he can envisage a time when that position may no longer be viable and has to change. He denies any suggestion this means he is advocating a Tory-Reform UK pact.

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The shadow justice secretary came second to Mrs Badenoch in the last leadership contest and is the bookies’ favourite to replace her as the next Conservative leader.

Mr Jenrick congratulate Ms Badenoch on her win. Pic: PA
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Robert Jenrick lost the Tory leadership contest to Kemi Badenoch. Pic: PA

Speaking to the UCL Conservative association dinner in late March, he can be heard saying: “[Reform UK] continues to do well in the polls. And my worry is that they become a kind of permanent or semi-permanent fixture on the British political scene. And if that is the case, and I say, I am trying to do everything I can to stop that being the case, then life becomes a lot harder for us, because the right is not united.

“And then you head towards the general election, where the nightmare scenario is that Keir Starmer sails in through the middle as a result of the two parties being disunited. I don’t know about you, but I’m not prepared for that to happen.

“I want the fight to be united. And so, one way or another, I’m determined to do that and to bring this coalition together and make sure we unite as a nation as well.”

This is the furthest a member of the shadow cabinet has gone in suggesting that they think the approach to Reform UK may evolve before the next general election.

Last night, Mr Jenrick denied this meant he was advocating a pact with Reform UK.

Read more:
Badenoch dismisses ‘threat’ from Jenrick
Your ultimate guide to the local elections

A source close to Mr Jenrick said: “Rob’s comments are about voters and not parties. He’s clear we have to put Reform out of business and make the Conservatives the natural home for all those on the right, rebuilding the coalition of voters we had in 2019 and can have again. But he’s under no illusions how difficult that is – we have to prove over time we’ve changed and can be trusted again.”

Mrs Badenoch has said in interviews that she cannot see any circumstances that the Tories under her leadership would do a deal with Reform UK.

Reform UK leader Nigel Farage during a press conference in Sandy Park Stadium.
Pic: PA
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Reform UK leader Nigel Farage. Pic: PA

In next week’s local elections, Reform UK will compete directly against the Tories in a series of contests from Kent to Lincolnshire. At last year’s general election, in more than 170 of the 251 constituencies lost by the Conservatives the Reform vote was greater than the margin of the Tories’ defeat.

Today’s YouGov/Sky voting intention figures put Reform UK in front on 25%, Labour on 23% and the Conservatives on 20%, with the Lib Dems on 16% and Greens on 10%.

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

SEC says it won’t re-file fraud case against Hex’s Richard Heart

The US Securities and Exchange Commission has said it doesn’t intend to refile its securities fraud complaint against Hex founder Richard Schueler, who goes by Richard Heart.

“Plaintiff Securities and Exchange Commission provides this notice that it does not intend to file an amended complaint in this matter,” the regulator’s lawyer, Matthew Gulde, stated in an April 21 letter to New York District Court Judge Carol Bagley Amon. 

The court had previously dismissed the SEC’s original complaint on Feb. 28 as Judge Amon said the regulator failed to establish that it had jurisdiction over Heart’s activities, which she said were not specifically targeted at US investors.

She granted leave for the SEC to file an amended complaint by March 20, later extending the deadline to April 21.

Heart posted to X on April 22 that “Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC completely and have achieved regulatory clarity that nearly no other coins have.”

SEC says it won’t re-file fraud case against Hex’s Richard Heart
Letter from the SEC to Judge Amon. Source: PACER

Heart added that the SEC walked away from some of its other cryptocurrency cases voluntarily, but claimed his was the only case where “the SEC lost and crypto won across the board, with a dismissal in court of every single claim the SEC brought.”

Heart said it was a victory for open-source software, cryptocurrency and free speech because the SEC “actually sued software code itself in this case.” 

SEC hunted Heart in Finland

The SEC sued Heart in July 2023 for alleged unregistered securities offerings of three tokens, HEX, PulseChain (PLS), and PulseX (PSLX), claiming he made more than $1 billion by touting the tokens as a “pathway to grandiose wealth for investors.”

In April 2024, Heart tried to have the suit tossed, claiming the regulator “has no sway over him,” because he didn’t reside in the United States. 

Related: Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report

The SEC opposed this in August, claiming he touted the tokens at a Las Vegas event. In December 2024, Interpol issued a Red Notice for Heart, seeking his arrest in Finland, where he was also suspected of tax evasion

The PulseChain native token (HEX) hit an all-time high of $0.031 in December 2024 but has since tanked 76% as most altcoins have failed to follow Bitcoin’s momentum this year. 

The SEC has dropped or suspended several cases against crypto firms so far this year under the Trump administration.

Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest

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