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France has cancelled a meeting with the UK to discuss Channel crossings after Boris Johnson asked the French to take back migrants arriving in Britain.

French interior minister Gerald Darmanin has told Home Secretary Priti Patel “she was no longer welcome” at Sunday’s European meeting on migrant issues, a French government spokesman said.

Spokesman Gabriel Attal said it was because of Mr Johnson’s letter to French President Emmanuel Macron.

“That letter was formally poor and its content inappropriate,” Mr Attal told BFMTV.

This is what remains of the boat that capsized in the Channel and resulted in the deaths of 27 people
Image:
This is what remains of the boat that capsized in the Channel and resulted in the deaths of 27 people

Mr Darmanin said the letter is a “disappointment” and the fact it was made public was “worse”, according to reports in French media.

An Interior Ministry statement, reported in French media, said the letter was “unacceptable and contrary to our discussions between counterparts”.

The meeting will now go ahead with just France, Belgium, the Netherlands, Germany and the European Commission.

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Conservative MP Tim Loughton told Sky News the French need to “get read” and realise there are consequences to “turning a blind eye” to Channel crossings.

He added that the PM has “come up with practical solutions” and it is “extraordinary” Paris has cancelled the meeting.

Mr Darmanin and Ms Patel spoke on Thursday, with the Home Secretary’s office saying they emphasised the need for “deeper co-operation” and agreed to remain in touch.

Governments on both sides of the Channel have been blaming each other this week after 27 migrants drowned on Wednesday evening off the coast of France as they tried to get to the UK on a small dinghy.

In the letter to Mr Macron, which he tweeted out, the PM set out five steps he thinks both sides should take “as soon as possible”.

The PM’s five-point plan entails:

• Joint patrols to prevent migrant boats from leaving French beaches
• Using more advanced technology such as sensors and radar
• Carry out reciprocal maritime patrols in each nation’s territorial waters and utilise airborne surveillance
• “Deepening the work” of the Joint Intelligence Cell and ensuring there is better intelligence sharing to drive more arrests and prosecutions
• Committing to “immediate work” to strike a bilateral returns agreement between Paris and London, as well as discussions on a UK-EU agreement.

Migrants, including young children, were brought ashore by a rescue vessel after crossing the Channel.
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Migrants, including young children, arriving in the UK the day after 27 died

“If those who reach this country were swiftly returned the incentive for people to put their lives in the hands of traffickers would be significantly reduced,” Mr Johnson said.

“This would be the single biggest step we could take together to reduce the draw to Northern France and break the business model of criminal gangs.

“I am confident that by taking these steps and building on our existing cooperation we can address illegal migration and prevent more families from experiencing the devastating loss we saw yesterday.”

Suggestions the number of migrants crossing the Channel has reached record levels this year due to Brexit were dismissed by transport secretary Grant Shapps.

He told Sky News: “I think it’s a bit of a red herring to mix it up with Brexit, it’s not even an argument I’ve heard before.

“There were plenty of people crossing before but in different ways, they tended to do it by lorry but what’s different here is the number of people doing it by sea.

“I think the Europe argument is confusing here because it’s not related to that. It’s heartbreaking to see and I think it’s incumbent on the UK and France to do everything they can do to resolve this and get on top of this human tragedy.”

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SEC punts decisions on XRP, DOGE ETFs

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SEC punts decisions on XRP, DOGE ETFs

SEC punts decisions on XRP, DOGE ETFs

The US Securities and Exchange Commission (SEC) has postponed deciding on whether to greenlight two proposed cryptocurrency exchange-traded funds (ETFs) holding Dogecoin and XRP, filings show. 

The US regulator has delayed its deadline for ruling on the proposed ETF listings until June, according to two filings reviewed by Cointelegraph. 

The filings were responses to March requests from US exchanges NYSE Arca and Cboe BZX Exchange to list Bitwise’s Dogecoin (DOGE) ETF and Franklin Templeton’s XRP (XRP) ETF, respectively. 

They came on the same day that Nasdaq, another US exchange, asked for permission to list a 21Shares Dogecoin ETF

Dogecoin is the world’s most heavily traded memecoin, with a market capitalization of around $26 billion as of April 29, according to data from CoinGecko. XRP is the native token of the XRP Ledger blockchain network. It has a market capitalization of approximately $133 billion, CoinGecko data shows.

SEC punts decisions on XRP, DOGE ETFs
The SEC has delayed its deadline for reviewing Franklin’s XRP Fund. Source: SEC

Related: Institutions break up with Ethereum but keep ETH on the hook

Deluge of filings

In 2025, the SEC has fielded requests to authorize dozens of altcoin ETFs for US listing. As of April 21, approximately 70 crypto ETFs were awaiting the SEC’s review

Asset managers are proposing funds holding “[e]verything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between,” Bloomberg analyst Eric Balchunas said in an April 21 post on the X platform. 

The deluge of proposals comes as US President Donald Trump pushes the SEC to take a more accommodating stance toward cryptocurrencies. 

However, analysts caution investor demand for altcoin ETFs may be tepid in comparison to funds holding core cryptocurrencies such as Bitcoin (BTC) and Ether (ETH).

“Having your coin get ETF-ized is like being in a band and getting your songs added to all the music streaming services,” Balchunas said. 

“Doesn’t guarantee listens but it puts your music where the vast majority of the listeners are.”

Although US exchanges are embracing crypto ETFs, they are also urging the SEC to take a tough regulatory posture toward digital assets. In an April 25 comment letter, Nasdaq encouraged the SEC to hold digital assets to the same compliance standards as securities if they constitute “stocks by any other name.”

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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Nasdaq files to list 21Shares Dogecoin ETF

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Nasdaq files to list 21Shares Dogecoin ETF

Nasdaq files to list 21Shares Dogecoin ETF

The United States exchange Nasdaq has asked regulators for permission to list a 21Shares exchange-traded fund (ETF) holding the popular memcoin Dogecoin, regulatory filings show

The move follows 21Shares’ April 10 filing of its initial proposal to launch its Dogecoin ETF, shortly after similar applications from rivals Bitwise and Grayscale. The asset manager has also sought regulators’ permission to list ETFs holding other cryptocurrencies, including Solana (SOL), XRP (XRP), and Polkadot (DOT). 

Nasdaq must gain approval from the Securities and Exchange Commission (SEC) before it can list and trade the fund. The request amounts to a regulatory review process that could determine whether Dogecoin becomes accessible to a broader range of investors through an ETF structure.

Nasdaq files to list 21Shares Dogecoin ETF
Crypto ETFs scheduled for SEC review. Source: Eric Balchunas/Bloomberg

Related: 21Shares files for spot Dogecoin ETF in the US

Onslaught of altcoin ETFs

Fund issuers requested to list dozens of altcoin ETFs after US President Donald Trump instructed the SEC to take a friendlier stance toward cryptocurrencies after his second term began in January. 

As of April 21, more than 70 crypto ETFs were awaiting the SEC’s review. The list includes alternative layer-1 (L1) native tokens, such as SOL and Sui (SUI), as well as memecoins such as Bonk (BONK) and Official Trump (TRUMP). 

While exchanges such as Nasdaq seek to list more crypto ETFs, they are also pushing for firmer US regulatory oversight of digital assets. In an April 25 comment letter, Nasdaq urged the SEC to hold digital assets to the same regulatory standards as securities if they constitute “stocks by any other name.”

Nasdaq files to list 21Shares Dogecoin ETF
Dogecoin network metrics. Source: Bitinfocharts.com

Dogecoin utility

Dogecoin (DOGE) is a popular memecoin with a market capitalization of nearly $26 billion as of April 29, according to CoinGecko. 

It is distinct from most other memecoins because DOGE is the native token of the Dogecoin network.

The proof-of-work blockchain network is designed as a faster, cheaper alternative to Bitcoin (BTC) for peer-to-peer payments.

It processed more than 40,000 transactions in the past 24 hours, according to data from Bitinfocharts.com.

In September 2024, blockchain developers QED Protocol and Nexus tipped plans to launch a layer-2 (L2) scaling solution designed to bring smart contracts to Dogecoin.

Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

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UK gov’t proposes crypto rules in response to scams

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<div>UK gov't proposes crypto rules in response to scams</div>

<div>UK gov't proposes crypto rules in response to scams</div>

The United Kingdom’s Treasury and Chancellor of the Exchequer, Rachel Reeves, have proposed new crypto rules aimed at “support[ing] innovation while cracking down on fraudsters.”

In an April 29 notice, the UK government announced draft rules for cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), that would bring “crypto exchanges, dealers and agents” in line with regulations, as many residents were “exposed to risky firms and scams.” It cited discussions with US government officials, including a proposed US-UK cross-border sandbox from the Securities and Exchange Commission’s Hester Peirce.

“Today’s announcement sends a clear signal: Britain is open for business — but closed to fraud, abuse, and instability,” said the notice. “The government will bring forward final cryptoasset legislation at the earliest opportunity, following engagement on the draft provisions with industry.”

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

Treasury and Reeves said the UK was committed to making the country a “global hub for digital asset technologies,” referencing the goals of the previous government under the Conservative Party. A 2023 consultation paper from Treasury proposed “bringing a wide range of cryptoasset activities” — including trading and issuing stablecoins — in line with UK regulations.

Praise from industry

In a statement shared with Cointelegraph, Ian​​​​ Silvera, the associate director for the self-regulatory trade association CryptoUK, called the government announcement a “very much welcomed and a big victory” for crypto firms. However, he added that the industry could also benefit from regulatory clarity on liquid staking and DeFi.

“Though there has been good regulatory progress from the [Financial Conduct Authority], which published its crypto roadmap late last year, the UK government first committed to becoming a global crypto hub in 2022,” said Silvera. “Progress has been slow since then, but as the Chancellor has recognised herself the mainstreaming of the industry has continued, with now 12% of all UK adults owning some sort of crypto, up from 4% in 2021.”

The FCA plans to publish final rules on crypto sometime in 2026, setting the groundwork for the UK regulatory regime to go live. The roadmap to greater regulatory clarity in the UK could follow the European Union, which started to implement its Markets in Crypto-Assets (MiCA) framework in December.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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