Suella Braverman orders review into ‘political activism’ in policing

Published

2 years ago

September 2, 2023

admin

The home secretary has ordered a review into how “political activism” among officers, including actions like taking the knee, is impacting policing.

Suella Braverman has commissioned His Majesty’s Inspectorate of Constabulary to look into impartiality and written to police chiefs to remind them their “focus should be on tackling crime”.

In the letter, she highlighted cases where she believes public confidence has been damaged including policing gender-critical views on social media, conduct at political marches and officers taking the knee.

She told the Daily Telegraph newspaper she was concerned about police “pandering to politically correct causes”, telling the paper officers should not refer to rapists as “she” or “her” or dance with protesters.

Announcing the review on Saturday, Ms Braverman said: “The British people expect their police to focus on cutting crime and protecting communities – political activism does not keep people safe, solve crimes or support victims, but can damage public confidence.

“The review I’ve commissioned will explore whether the police getting involved in politically contentious matters is having a detrimental impact on policing. I will leave no stone unturned in ensuring policing acts for the benefit of the British public.”

But the Police Federation, which represents rank-and-file officers in England and Wales, accused the government of constantly changing the goalposts and said policing should not be “kicked around like a political football”.

A Labour spokesperson said: “Instead of setting out serious and practical policies to tackle Tory failures, all the home secretary is doing is commissioning reports into her own political obsessions – and while she’s doing this, more criminals are being let off and more victims are being let down.”

Ms Braverman, who once railed against the “tofu-eating wokerati”, is regarded as a divisive figure for her remarks on so-called “culture war” issues.

She was previously reported to have intervened over a case in which five officers were sent to seize a collection of golliwog dolls from a pub by reprimanding the force involved.

In a letter to Andy Cooke, HM Chief Inspector of Constabulary, she asked for his report to be prepared by the end of March.

“When officers adopt or participate in political or social campaigns, for example, by taking the knee, they risk losing the support of the public,” she wrote.

“This is not common sense policing and I hope that we can work together to prevent police, especially those in leadership positions, from committing themselves to more and more identity-related causes.”

She said involvement in “political matters” may include “commenting on and responding to commentary on contested issues, and the involvement of policing more generally in issues such as, but not limited to, ‘gender identity’ politics, critical race theory or climate activism.”

Police Federation deputy chair Tiffany Lynch said: “Policing should never be put on any political agenda and is too important to be kicked around like a political football.

“Our members want to go out there and serve communities in the best way possible, but need help when the government constantly changes the goalposts.

“One minute they want police officers to be more involved, the next they want them to act like robots.”

It came at the end of the government’s so-called crime week of linked announcements, including plans to make it easier for police chiefs to sack rogue officers and new powers to make criminals attend sentencing hearings.

Politics

Strive to become Bitcoin treasury company

Published

3 hours ago

May 7, 2025

admin

Strive to become Bitcoin treasury company

Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company.

According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company’s stock to accumulate Bitcoin (BTC).

The deal will see Strive merging with Asset Entities — a social media marketing company listed on the Nasdaq. The combined entity will operate under the Strive brand and use its access to the public equity markets to finance Bitcoin purchases, the company said.

Once the deal closes, Strive plans to issue approximately $1 billion in equity and debt and use the proceeds to accumulate BTC. The asset manager “intends to use all available mechanisms to build a Bitcoin war chest […] and build a long-term investment approach designed to outperform Bitcoin,” it said.

Strive plans to allow “Bitcoin holders to contribute Bitcoin in exchange for public stock through a structure that is intended to be tax-free,” it said. As of May 7, the company manages approximately $2 billion in net assets across a variety of funds.

In December, Strive filed to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers.

Corporate Bitcoin treasuries

Corporate Bitcoin treasuries have become popular since the approval of Bitcoin exchange-traded funds (ETFs) on Wall Street. Companies pioneering the Bitcoin buyer approach, such as Strategy have seen their share prices surge by 350% in 2024.

Analysts say adding Bitcoin to corporate treasuries can “potentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks,” asset manager Fidelity Digital Assets said in a 2024 report.

Corporate Bitcoin treasuries collectively hold roughly $74 billion worth of BTC as of May 7, according to Bitcointreasuries.net.

Trump connection

Ramaswamy, an outspoken ally of President-elect Donald Trump, founded Strive in 2022. Its stated goal is to help investors “harness the power of capitalism,” according to Strive’s website.

In 2023, Ramaswamy — who largely earned his $1 billion net worth from biotechnology startup Roivant Sciences — campaigned against Trump in the Republican presidential primary. He later endorsed the president-elect.

Magazine: Bitcoin’s $100K push wakes taxman, Vitalik visits real Moo Deng: Asia Express

Politics

Trump memecoin dinner attendees could include foreign nationals — Report

Published

5 hours ago

May 7, 2025

admin

Trump memecoin dinner attendees could include foreign nationals — Report

At least some of the top holders of Donald Trump’s memecoin who apply to attend a private dinner with the president could be based outside the United States.

According to a May 7 Bloomberg report based on an analysis of the top TRUMP tokenholders, 19 of the top 25 wallets on the leaderboard used foreign exchanges that exclude US-based customers, suggesting either foreign nationals or Americans living abroad. In addition, more than half of the top 220 holders — the group eligible to apply for a dinner with the president — also used exchanges in other countries.

As of May 7, the identities of the top tokenholders and those who might choose to apply for the May 22 Trump dinner and “special VIP tour” were unknown. However, the project stated that anyone who applied could not bring guests, had to pass a background check, and “can not be from a [Know Your Customer] watchlist country.”

The implications of having dozens or hundreds of memecoin holders potentially tied to foreign governments and interest groups have raised ethics concerns from some US lawmakers, claiming that Trump was engaging in “pay-to-play” corruption. At least one senator has called for the president’s impeachment, saying Trump was “selling access for what are effectively payments directly to him.”

Memecoin concerns are slowing crypto legislation

Democratic lawmakers in the House of Representatives and Senate have already been pushing back against considering any crypto-related legislation until Republicans address concerns around “Trump’s crypto corruption.” The Senate is expected to vote on a bill regulating stablecoins on May 8, and House Republicans recently introduced a discussion draft of a digital asset market structure bill.

Then-president-elect Trump launched the memecoin on Jan. 17 — three days before taking office — followed by the first lady introducing her own token. Two companies connected to Trump control roughly 80% of the memecoin’s supply.

The launch of the memecoin and its potential influence over the president and his agenda has already prompted some companies to get on board. On April 30, a trucking logistics management company announced a $20 million investment in the TRUMP token, suggesting influencing Trump’s trade war between the US and Mexico, where the firm conducts much of its business.

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

Politics

Trump-backed USD1 is now the seventh-largest stablecoin worldwide

Published

8 hours ago

May 7, 2025

admin

Trump-backed USD1 is now the seventh-largest stablecoin worldwide

USD1, the US dollar stablecoin launched by the President Donald Trump-backed World Liberty Financial (WLFI), has become the seventh-largest stablecoin worldwide in just two months since its launch.

WLFI’s snapshot vote for a USD1 airdrop proposal is underway, and USD1’s market capitalization has continued to climb.

Launched in early March with a $3.5 million supply, USD1 has expanded into a market cap of $2.2 billion at the time of writing, leaving rival stablecoins First Digital USD (FDUSD), PayPal USD (PYUSD) and Tether Gold (XAUT) behind, according to data from CoinGecko.

Although rising fast, the USD1 market cap is still far from the market value of major stablecoins like Tether’s USDt (USDT) and USDC (USDC), whose market caps are worth $149 billion and $61 billion, respectively.

BNB Chain drives USD1 issuance

Trump-backed USD1 is almost exclusively issued on Binance-backed BNB Chain. According to data from BscScan, as much as $2.1 billion of all USD1 supply is issued on BNB Chain, accounting for more than 99% of its total circulating supply, while an Ethereum-based version accounts for just $14.5 million, according to Etherscan.

USD1’s latest market spike was sharp, jumping 1,540% from $128 million to $2.1 billion within two days in late April, according to CoinGecko.

The spike came days before Eric Trump announced that Abu Dhabi-based investment firm MGX would use the USD1 to invest $2 billion in Binance.

Justin Sun-backed HTX among the first CEXs to list USD1

As USD1’s market cap spiked, some centralized exchanges (CEXs) rushed to list the Trump-backed stablecoin.

HTX, a crypto exchange closely associated with Tron founder Justin Sun and formerly known as Huobi, announced the listing of USD1 with permanent zero-fee withdrawals on the BEP-20 network on May 6.

According to websites like CoinGecko and CoinMarketCap, HTX was one of the first CEXs to list USD1, as the token is primarily available on decentralized exchanges, including PancakeSwap and Uniswap.

Most WLFI inflows come from outside the US

While the WLFI community has been voting on the USD1 airdrop, some reports suggested that WLFI investment is mainly coming from outside the United States.

According to a poll by V1PS founder Notaz.Sol, as much as 90% of WLFI investors are likely coming from non-US jurisdictions, including Europe, Asia and Latin America.

A May 7 Bloomberg report also indicated that over half of the top holders of Trump-branded memecoins reside abroad.

The USD1 stablecoin’s growth lines up with Trump’s pro-stablecoin agenda announced in his executive order on “Strengthening American leadership in digital financial technology” in January.

While WLFI has been closely associated with Binance, both Trump and Binance have repeatedly denied and criticized reports suggesting any links or deals between the parties.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight