UK leading the way with Rwanda policy as other countries look at ‘similar solutions’, Sunak says
The UK is leading the way with its Rwanda deportation scheme as other European countries look at “similar solutions” to tackle illegal immigration, the prime minister has said.
Rishi Sunak also said he discussed illegal immigration during a “meeting and a drink” with Italian prime minister Giorgia Meloni as world leaders attend the G20 summit in Delhi.
Mr Sunak said they discussed how they can “work together” to tackle the “shared challenge” of illegal immigration in Europe.
The Conservative government wants to send tens of thousands of migrants more than 6,000 miles away from the UK to Rwanda as part of a £120m deal agreed with the east African country in 2022.
Critics have claimed the policy breaks international human rights laws, and no one has been sent to the country yet after ongoing legal challenges in the courts.
Mr Sunak has said he will do “whatever is necessary” to get the removal flights going after a Court of Appeal ruling in June said the scheme is unlawful.
The government later confirmed it would be submitting an appeal to the Supreme Court to try and reverse the ruling.
Sunak says UK has taken ‘radical action’
Speaking about the Rwanda policy to reporters in Delhi, Mr Sunak said on Saturday: “I’ve always said that this is a global issue, this issue of illegal migration. It is only growing in importance and will require global coordination to resolve.
“I have said Britain would be tough but fair, and where Britain leads others will follow. We have been willing to take bold and radical action to tackle this problem.
“I said that other countries would look at similar solutions, and you can start to see that they are with the news from Austria this week, and more broadly across Europe.
“You can just see this issue growing and growing in salience, and I think that we have been out in front leading the conversation on this and the need to look at this differently and look at radical solutions.”
Rishi Sunak and Giorgia Meloni in Lithuania earlier this year. Pic: AP
Austria and Denmark consider Rwanda plan
Mr Sunak’s comments come after Austrian Chancellor Karl Nehammer raised the possibility of deporting illegal immigrants to Rwanda, where their cases for asylum cases would be processed.
Gerhard Karner, Austria’s interior minister, has called for the EU to introduce “asylum procedures in safe third countries” and referred to a model “Denmark and Great Britain are also following”.
Denmark had been in negotiations with Rwanda over the possible transfer of asylum seekers.
However, the plans were put on hold earlier this year as Denmark wants to work for an EU-wide solution.
It comes after Italy’s prime minister, who heads up a right-wing government, defended the UK government’s Rwanda policy in April.
She said it was wrong to refer to it as “deportation” and any suggestion Rwanda does not “respect rights” would be a “racist way of interpreting things”.
However, there are no reports to suggest Italy has been considering sending illegal immigrants to the east African nation.
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Rishi Sunak arrives in Delhi
Sunak wants UK and Italy to ‘do more together’
Speaking about his meeting with Ms Meloni at the G20 summit, Mr Sunak said: “Obviously (illegal immigration) is something that her and I have talked about a lot and we talked again about how we can work closer together, which we’re already doing.
“But again, what are the opportunities for us to do more together to tackle this shared challenge?”… She and I have a view together, both of us, that this is an important topic that needs us to work together.
“So that won’t be the last of these conversations that I have.”
Mr Sunak is visiting New Delhi for the first as prime minister while he is at the G20 summit.
He has said he is confident a trade deal will be struck between the UK and India after meeting with the country’s prime minister Narendra Modi.
The annual G20 summit brings together leaders from 20 of the world’s largest economies to discuss pressing global issues.
Efforts to pass crypto legislation in the US Senate face mounting resistance amid growing ethical concerns around US President Donald Trump’s ties to crypto.
In a May 5 letter to the Office of Government Ethics, Senators Elizabeth Warren and Jeff Merkley said that Trump and his family stand to personally profit from an investment involving UAE state-backed firm MGX, crypto exchange Binance and World Liberty Financial (WLFI).
The senators called for an urgent probe, warning the deal may violate the US Constitution’s Emoluments Clause and federal bribery statutes.
At the center of the controversy is WLFI’s USD1 stablecoin, reportedly chosen for a $2 billion investment MGX plans to make into Binance.
The senators said the transaction amounts to a potential backdoor for foreign influence and self-enrichment, with Trump’s allies allegedly set to receive hundreds of millions of dollars:
“This deal raises the troubling prospect that the Trump and Witkoff families could expand the use of their stablecoin as an avenue to profit from foreign corruption.”
Further complicating ethics concerns, Trump hosted a $1.5 million-per-plate dinner on May 5 at his golf club in Sterling, Virginia. The event came just days after hosting a $1 million-per-plate fundraiser for the MAGA super PAC.
He also plans to hold a gala dinner with major Official Trump (TRUMP) memecoin holders on May 22, despite multiple US lawmakers expressing concerns.
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GENIUS Act faces roadblocks
The Trump family’s controversial $2 billion crypto deal comes as the Senate prepares to vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act and other crypto-related bills.
The fallout is already being felt in Congress. Some Democratic lawmakers are pushing for additional hearings before advancing any legislation, while others question whether Trump’s personal stake in digital assets is undermining bipartisan support for crypto regulation.
On May 5, Senate Majority Leader John Thune signaled a willingness to amend the GOP-backed stablecoin legislation to pass the bill in the coming weeks.
Speaking to reporters, Thune said changes can be made on the floor and that he is waiting to hear what Democrats are asking for, per a report from Politico.
Internal GOP challenges also remain, with Senator Rand Paul expressing uncertainty about backing the bill, according to the report.
The stalling isn’t limited to the Senate. House Financial Services Committee ranking member Representative Maxine Waters plans to block a Republican-led event discussing digital assets on May 6.
The hearing, “American Innovation and the Future of Digital Assets,” will discuss a new crypto markets draft discussion paper pitched by the House agricultural and financial services committee chairs, Representatives Glenn Thompson and French Hill, respectively.
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Crypto community slams political pushback
Prominent crypto figures are speaking out as political resistance threatens to derail stablecoin legislation in the Senate.
“Elizabeth Warren and Chuck Schumer haven’t learned their lesson,” Tyler Winklevoss, co-founder of Gemini, posted on X.
“If they want Democrats to continue losing elections, they will continue standing in front of crypto legislation like the stablecoin bill which they are stalling out in the Senate.”
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Alex Mashinsky, the founder and former CEO of bankrupt crypto lending platform Celsius, has blasted the government’s 20-year “venom-laced” sentence request, declaring it a “death-in-prison sentence.”
The US Department of Justice requested Mashinsky receive at least 20 years behind bars in the May 8 sentencing for his role in misleading Celsius users and profiting from the price manipulation of Celsius (CEL), which would make the 59-year-old 79 if he serves the whole sentence.
Lawyers acting for Mashinsky argued in a May 5 reply memorandum filed in a New York district court that he should receive no more than 366 days, because the DOJ hasn’t taken into account his status as a nonviolent first-time offender with a previously unblemished 30-year history in business.
“The government’s venom-laced submission recasts this case as one involving a predator with an intent to target victims, harm them, and steal their money,” they said.
“It concludes by recommending that a first time, nonviolent offender who pled guilty and accepts responsibility receive a death-in-prison sentence.”
Mashinsky pleaded guilty to two out of seven charges
As part of a plea agreement, Mashinsky pleaded guilty in December 2024 to commodities fraud and manipulating the price of CEL, earning $48 million by selling his holdings before Celsius collapsed in June 2022. Prosecutors initially filed seven charges in July 2023.
Lawyers acting for Mashinsky allege the DOJ’s push for a 20-year sentence is because their client is unwilling to “capitulate to the government’s exaggerated characterizations of his actions,” specifically that he was a “fraud from the get-go.”
“Alex is inserted as the scapegoat for every corporate action, every group decision, every unanimous vote, every market fluctuation, and every employee’s watercooler speculation,” they said.
As part of its April 28 sentencing request, the DOJ said Mashinsky’s guilty plea showed that his crimes were deliberate, calculated decisions to lie, deceive and steal.
Days earlier on April 23, US federal prosecutors also filed statements from hundreds of victims who lost money due to the Celsius collapse. They detailed how some had entrusted their life savings to the protocol, believing Mashinsky’s assurances that it was safe.
Related: What do crypto users want to happen to Alex Mashinsky?
Celsius filed for Chapter 11 bankruptcy on July 13, 2022, owing $4.7 billion to creditors after halting withdrawals in June, citing volatile market conditions.
In November 2023, a US bankruptcy court approved Celsius’ restructuring plan to repay customers, and in August 2024, $2.53 billion was paid to 251,000 creditors.
Former Celsius chief revenue officer Roni Cohen-Pavon also pleaded guilty in September 2023 to similar charges, but his Dec. 11 sentencing has been delayed until after Mashinsky is sentenced.
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A Russian-Israeli citizen allegedly involved in the $190 million Nomad bridge hack will soon be extradited to the US after he was reportedly arrested at an Israeli airport while boarding a flight to Russia.
Alexander Gurevich will be investigated for his alleged involvement in several “computer crimes,” including laundering millions of dollars and transferring stolen property allegedly connected to the Nomad Bridge hack in 2022, The Jerusalem Post reported on May 5.
Gurevich returned to Israel from an overseas trip on April 19 but was ordered to appear before the Jerusalem District Court for an extradition hearing soon after, according to the report.
On April 29, Gurevich changed his name in Israel’s Population Registry to “Alexander Block” and received a passport under that name at Israel’s Ben-Gurion Airport the next day.
He was arrested at the same airport two days later, on May 1, while waiting to board a flight to Russia.
Gurevich allegedly identified a vulnerability in the Nomad bridge, which he exploited and stole roughly $2.89 million worth of tokens from in August 2022.
Dozens of copycat hackers discovered and capitalized on the security vulnerability soon after, leading to a total loss of $190 million.
Gurevich allegedly reached out to a Nomad executive on Telegram
Prosecutors allege that shortly after the hack, Gurevich messaged Nomad’s chief technology officer, James Prestwich, on Telegram using a fake identity, admitting that he had been “amateurishly” seeking a crypto protocol to exploit.
He allegedly apologized for “the trouble he caused Prestwich and his team” and voluntarily transferred about $162,000 into a recovery wallet the company had set up.
Prestwich told Gurevich that Nomad would pay him 10% of the value of the assets he had stolen, to which Gurevich responded that he would consult his lawyer. However, Nomad never heard back from him after that.
At some point during the negotiations, Gurevich demanded a reward of $500,000 for identifying the vulnerability.
Related: Do Kwon is in US custody after extradition battle
US federal authorities filed an eight-count indictment against Gurevich in the Northern District of California on Aug. 16, 2023, in addition to obtaining a warrant for his arrest. California is where the team behind the Nomad bridge is based.
The US submitted a formal extradition request in December 2024, the Post noted.
The money laundering charges that Gurevich faces carry a maximum of 20 years, significantly harsher than what he would face in Israel.
Gurevich is believed to have arrived in Israel a few days before the $190 million exploit occurred, prompting Israeli officials to believe he carried out the attack while in Israel.
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