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The coming of the autumn means it is party conference season.

MPs leave Westminster, with each of the parties descending on a city or town alongside their party faithful and the media for days of speeches, fringe events, networking and, quite often, drama.

These gatherings are ostensibly to hammer out policy, set the party’s agenda and present a united front to voters, but they don’t always go according to plan.

For prime ministers and party leaders, party conferences can often make or break their careers.

So ahead of this year’s gatherings, we take a look at some previous conference moments that have made headlines.

Join Sky News for this year’s conferences:
Liberal Democrats: 23 – 26 September
Conservatives: 1 – 4 October
Labour: 8 – 11 October
SNP: 15 – 17 October

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1980: ‘The lady’s not for turning’

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Around 18 months into her premiership, Margaret Thatcher was facing a tough economic picture. Unemployment was rising, and there were rumblings within her own party about the direction the prime minister was taking.

Mrs Thatcher had begun changing the law around trade unions, and introduced the legislation to let people buy their own council homes. Privatisation had begun.

The UK’s first female leader remained defiant, telling the assembled party faithful in Brighton: “To those waiting with bated breath for that favourite media catchphrase, the U-turn, I have only one thing to say – you turn if you want to. The lady’s not for turning.”

Mrs Thatcher did indeed carry on with her economic plan, with unemployment beginning to fall after peaking at three million.

She would solidify her leadership with a victory in the Falklands War and went on to win two more elections, serving as PM until 1990.

The Prime Minister Margaret Thatcher speaking at the 1980 Conservative Party Conference in Brighton.
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Margaret Thatcher speaking at the 1980 Conservative Party Conference


1981: David Steel tells Liberal activists to ‘go back to your constituencies and prepare for government’

Just a year after Mrs Thatcher told her party how she felt about changing tack, Liberal leader David Steel sought to inspire confidence in his activists.

The conference in Llandudno saw the party vote to adopt its alliance with the Social Democratic Party, endorsing a partnership that would precipitate the eventual creation of today’s Liberal Democrats.

Headwinds for the government and a strong by-election performance saw incredibly optimistic polling for the Liberals, and Mr Steel was clearly confident in his party’s chances.

It was on that note that he told those gathered on the shores of the Irish Sea: “Go back to your constituencies and prepare for government”.

The boost of the successful campaign in the Falklands and an economic swing from recession to growth buoyed the Conservatives in 1983 – with the SDP-Liberal Alliance winning only 23 seats in total.

It would be 29 years before any Liberal Democrat MPs were vindicated in preparing for government during a general election campaign, when they entered a coalition with the Tories in 2010.

Liberal Leader David Steel (left) with Social Democrat leaders Shirley Williams and Roy Jenkins in Llandudno where they attended a fringe meeting at the Joint Liberal Assembly.
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Liberal Leader David Steel (left)

1984: IRA bombing

A year after Mrs Thatcher’s landslide 1983 election victory, the Conservative Party conference in Brighton was marred by tragedy.

A month before the conference got under way, IRA member Patrick Magee booked into the hotel where the PM would be staying and planted a bomb with a long delay fuse under the bath in his room.

As the clocks swept past 2.30am on 12 October, Mrs Thatcher was in her room at The Grand Hotel, going over the speech she was set to give the next day.

At 2.54am, Magee’s bomb exploded, destroying a number of rooms and bringing down a chimney stack.

Mrs Thatcher and her husband, Denis, survived – as did all the members of the cabinet. But five others – including deputy chief whip Sir Anthony Berry – died.

Read more from Sky News:
What is the New IRA?
Stormont ordered to stop delaying compensation to Troubles victims

The conference went ahead, with Mrs Thatcher telling delegates: “This government will not weaken. This nation will meet that challenge. Democracy will prevail.”

Magee was given eight life sentences in 1986, but was released under the Good Friday Agreement in 1999.

Severely damaged when an IRA bomb killed four people and injured 32, the hotel was occupied by Margaret Thatcher and other prominent Tory Party members for the party conference.
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The destroyed hotel in Brighton

1985: Neil Kinnock’s Militant Tendency speech

Six years and two election losses into Mrs Thatcher’s premiership, Labour was floundering in opposition.

Neil Kinnock was the man tasked with bringing the party back into government after the 1983 election wipeout under Michael Foot.

The goal he set himself at the Bournemouth gathering in 1985 was to make clear to the more radical parts of Labour that they were not welcome in his plans for the party.

The leader would have been hoping to avoid the embarrassment of 1983, when he fell over on a beach in Brighton.

He used his speech to a tempestuous conference to single out Liverpool City Council, which was controlled by members of the Militant faction of Labour.

The council had set an illegal budget which spent more than the local authority made, claiming that the central government under Mrs Thatcher should fill the shortfall. This was done to protest against the limits to the money the council could raise.

The financial difficulties this caused led to the council sending notice letters to 30,000 employees.

Criticising the left-wing of his party, Mr Kinnock said: “I’ll tell you what happens with impossible promises. You start with far-fetched resolutions.

“They are then pickled into a rigid dogma, a code, and you go through the years sticking to that, out-dated, misplaced, irrelevant to the real needs, and you end up in the grotesque chaos of a Labour council hiring taxis to scuttle round a city handing out redundancy notices to its own workers.”

These words were met with applause and cheers from most of the crowd, but some booed and walked out, including MP Eric Heffer. Derek Hatton, the deputy leader of Liverpool City Council, said Mr Kinnock’s words were “rantings and ravings”.

Neil Kinnock in 1985
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Neil Kinnock in 1985

2003: IDS ‘turns up the volume’

Sir Iain Duncan Smith had been leader of the Conservative Party for two years when he stood up to deliver his speech in Blackpool, but he was facing rumblings of rebellion within his own ranks as MPs and members grew disheartened.

So he decided to go on the front foot.

The previous year, Sir Iain had told the audience his opponents should not underestimate “the determination of a quiet man”.

He played off this riff, stating that the “quiet man is here to stay, and he’s turning up the volume”. Sir Iain told his party that they “either want my mission, or you want Tony Blair – there is no third way”.

But after a poor set of local election results later in the year, Sir Iain lost a vote of no confidence of his MPs and was out as leader.

Iain Duncan Smith at the 2003 Conservative Party Conference
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Iain Duncan Smith at the 2003 Conservative Party Conference

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2005: Labour activist removed from hall for heckling foreign secretary

By 2005, the New Labour project was past its zenith. While Sir Tony Blair had won his third election, he had committed to not contesting a fourth.

The government was having to fight a rearguard action in the UK following the invasion of Iraq.

Opposition from within the party was coalescing around those who were also part of groups like the Campaign for Nuclear Disarmament and the Stop The War Coalition.

It was not surprising, then, that disunity within Labour became one of the themes of the Brighton conference.

Jack Straw, then the foreign secretary, was giving a speech about the Iraq war. He told delegates that “we are in Iraq for one reason only – to help the elected Iraqi government build a secure, democratic and stable nation – and we can and will only remain with their consent.”

Read more from Sky News:
How The Iraq War Unfolded
Iraq War 20 years on

As he uttered the line, 82-year-old veteran Labour member Walter Wolfgang shouted “nonsense” – and according to some reports, “that’s a lie”.

As cameras panned towards the octogenarian – who had been a member of the party for more than 50 years – security could be seen manhandling Mr Wolfgang out of the conference hall.

He was later ejected from the conference as a whole, and when he tried to get back into summit he was held – but not arrested – using anti-terror laws.

The subsequent furore lead to a number of apologies, including from Sir Tony the next morning, and Mr Wolfgang being allowed to re-enter the conference the next day.

A founding member of the Campaign for Nuclear Disarmament, Mr Wolfgang arrived in the UK just before the Second World War as his family fled the persecutions of Jews in Europe.

His treatment drew criticism from many parts of Labour, and he was greeted with a standing ovation when he returned to the conference hall.

Mr Wolfgang died in 2019.

Walter Wolfgang was eventually allowed back into the conference
Image:
Walter Wolfgang was eventually allowed back into the conference

2007: George Osborne increases inheritance tax threshold

By now, Gordon Brown was prime minister. After years of tensions behind the scenes with Sir Tony, the latter had finally decided to stand aside. Mr Brown was elected unopposed as Labour Party leader, becoming PM in the process.

Having taken over in June, he was riding a wave of popularity heading into the conference. Mr Brown was judged to have deftly handled a foot and mouth outbreak, the run on Northern Rock, terrorist incidents and flooding.

In the midst of this honeymoon period, speculation grew about the possibility of Mr Brown seeking to capitalise on this and call an election to gain a mandate from voters.

Labour’s conference became dominated by the nascent vote, with people wondering when it would happen, not if.

There was no mention of an election in Mr Brown’s first conference speech as leader, meaning the speculation around a snap poll continued to rumble on as the Conservatives gathered for their conference in Blackpool.

Shadow chancellor George Osborne used his speech to announce a major policy shift that generated positive headlines, pledging to scrap inheritance tax for bequeathments under £1m.

A few days later, Mr Brown ended election speculation by confirming he would not go to the country. He denied being swayed by polling which suggested the Tories were ahead in marginal seats, while the Tories accused him of bottling it.

Conservatives dressed as brown bottles demonstrate opposite the Prime Minister's residence in Downing Street, Westminster, following PM Gordon Brown's decision not to call an autumn election.
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Gordon Brown’s enemies took advantage of his ‘bottling’

2017: Theresa May’s disastrous speech

One prime minister who did call a snap election after taking over was Theresa May.

But Mrs May’s gamble backfired spectacularly – she lost her party’s majority and was forced to rely on the Democratic Unionist Party to pass legislation through a confidence and supply deal.

Mrs May managed to hang on to her job, although she needed a drama-free party conference to keep things on track as she tried to negotiate Brexit.

But things did not go according to plan during her speech.

First off, a persistent cough dogged her attempts at oratory; attendees were quick to rise to their feet in applause to give their leader a break. At one point, Chancellor Philip Hammond offered up a cough sweet. Mrs May also swigged water throughout.

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Watch Tory conference literally falling apart

Secondly, comedian Simon Brodkin interrupted Mrs May’s speech to hand her a P45 – the document someone gets when they leave a job. The mock document gave the reasons for Mrs May leaving office as “neither strong nor stable”, and “we’re a bit worried about Jezza”. Mr Brodkin joked that Boris Johnson had told him to do it.

The final disaster was with the backdrop of the speech. Letters behind Mrs May said: “Building a country that works for everyone”.

During the speech, the “f” fell off, with an “e” dropping later.

It was a disastrous affair all round, and emboldened the opposition to Mrs May within her own party.

The following year, Mrs May sought to head off similar conversations by dancing her way onto the stage, but her moves were labelled robotic and awkward by critics.

Theresa May struggled through her speech in 2017
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Theresa May struggled through her speech in 2017

2021: Starmer heckled by Labour activists

Following the disruption of COVID in 2020, autumn 2021 marked Sir Keir Starmer’s first chance to address a Labour Party conference in person.

But as he was giving his speech, several people heckled him from the floor of the auditorium.

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Starmer heckled at Labour conference

One notable heckler was Carole Vincent, a former contestant on Big Brother. She could be seen shouting and pointing at Sir Keir.

In response, he said: “Shouting slogans or changing lives, conference?”, to a standing ovation.

Another audience contribution saw Sir Keir say he was used to being heckled by the Conservatives at PMQs on a Wednesday, but “it doesn’t bother me then, it doesn’t bother me now”.

Ms Vincent told Sky News her intervention was about “standing up in a principled manner against what he was saying, because he wasn’t saying ‘we are going to give a £15 minimum wage’.”

Carole Vincent was one of the people who heckled Sir Keir Starmer
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Carole Vincent was one of the people who heckled Sir Keir Starmer

2022: Kwasi Kwarteng U-turns on cutting top rate of income tax

There were not many quiet days while Liz Truss and Kwasi Kwarteng were in charge of the country – the Conservative Party conference in Birmingham was no different.

The pair went into October’s conference battling a potential collapse of the pensions sector as markets baulked at their mini-budget. The cornerstone of that fiscal plan was tax cuts funded by borrowing, which some classed as “unfunded”.

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Moment chancellor U-turns on tax rate

A lightning rod for those displeased with the mini-budget was a plan to abolish the top rate of income tax set at 45p in the pound for those making more than £150,000. It was seen as giving a tax cut to wealthier people at the expense of others.

As the conference started – just a week after the mini-budget – Ms Truss and Mr Kwarteng were both staunchly defending the plans.

But there was open mutiny among Tory MPs. In the early hours of the second day of conference, it started to emerge that a U-turn was imminent – and the scrapping of the 45p tax rate was ditched later on that morning.

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Just hours later, Mr Kwarteng stood up to deliver his speech to conference, in which he had to defend the gutting of his mini-budget. He claimed the leadership had “listened” and therefore changed tack. Ms Truss said similar in her address.

The events at the conference marked the beginning of the end for the duo. Mr Kwarteng was sacked 11 days later, and Ms Truss announced she was following him out of Downing Street before October was out.

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SEC chair suggests ‘huge benefits’ in agency’s third crypto roundtable

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<div>SEC chair suggests 'huge benefits' in agency's third crypto roundtable</div>

<div>SEC chair suggests 'huge benefits' in agency's third crypto roundtable</div>

In one of his first appearances as the recently sworn-in chair of the US Securities and Exchange Commission, Paul Atkins delivered remarks to the agency’s third roundtable discussion of crypto regulation. 

In the “Know Your Custodian” roundtable event on April 25, Atkins said he expected “huge benefits” from blockchain technology through efficiency, risk mitigation, transparency, and cutting costs. He reiterated that among his goals at the SEC would be to facilitate “clear regulatory rules of the road” for digital assets, hinting that the agency under former chair Gary Gensler had contributed to market and regulatory uncertainty. 

“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational fit-for-purpose framework for crypto assets,” said Atkins.

SEC chair suggests 'huge benefits' in agency's third crypto roundtable
SEC chair Paul Atkins addressing the April 25 crypto roundtable. Source: SEC

Some critics of US President Donald Trump see Atkins’ nomination to lead the SEC as a nod to the crypto industry, acting on campaign promises to remove Gensler — the former chair resigned the day Trump took office — and cut back on regulation. Democratic lawmakers on the Senate Banking Committee questioned Atkins on his ties to the industry, potentially presenting conflicts of interest in his role regulating crypto.

Related: Atkins SEC era sparks massive industry optimism, crypto execs speak out

The direction of the SEC under new leadership

“We’ve noticed that we don’t have to be as concerned […] about being accused of things that we’re not doing, like being broker-dealers for securities,” Exodus chief legal officer Veronica McGregor, who participated in the roundtable, told Cointelegraph on April 24.”It’s just a less scary regulatory environment in general. It is, however, still unclear what the ultimate regs are going to look like for crypto.” 

The SEC crypto task force is scheduled to hold two more roundtables in May and June to discuss tokenization and decentralized finance, respectively. Commissioner Hester Peirce, who leads the task force, told Cointelegraph in March that she welcomed the opportunity to work with Atkins to “reorient the agency,” hinting at an SEC with regulations more favorable to the crypto industry.

In addition to the roundtables, the crypto task force has reported several meetings with digital asset firms to discuss various policies and considerations in developing a regulatory framework.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

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Nasdaq urges SEC to treat certain digital assets as ‘stocks by any other name’

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<div>Nasdaq urges SEC to treat certain digital assets as 'stocks by any other name'</div>

<div>Nasdaq urges SEC to treat certain digital assets as 'stocks by any other name'</div>

Nasdaq has urged the US Securities and Exchange Commission (SEC) to hold digital assets to the same regulatory standards as securities if they constitute “stocks by any other name,” according to an April 25 comment letter. 

The exchange said the US financial regulator needs to establish a clearer taxonomy for cryptocurrencies, including categorizing a portion of digital assets as “financial securities.” Those tokens, Nasdaq argued, should continue to be regulated “as they are regulated today regardless of tokenized form.”

“Whether it takes the form of a paper share, a digital share, or a token, an instrument’s underlying nature remains the same and it should be traded and regulated in the same ways,” the letter said. 

It also proposed categorizing a portion of cryptocurrencies as “digital asset investment contracts,” to be subject to “light touch regulation” but still overseen by the SEC.

Nasdaq urges SEC to treat certain digital assets as 'stocks by any other name'
Nasdaq’s April 25 letter to the SEC. Source: Nasdaq

Related: Certain stablecoins aren’t securities, SEC says in new guidance

Regulatory U-turn

The SEC has dramatically pivoted its stance on cryptocurrency oversight since US President Donald Trump took office in January. 

Under the leadership of former Chair Gary Gensler, the SEC took the position that practically all cryptocurrencies, with the exception of Bitcoin (BTC), represent investment contracts and therefore qualify as securities. 

This stance led the agency to bring upwards of 100 lawsuits against crypto firms for alleged securities law violations.

However, under Trump nominee Paul Atkins, who was sworn in as chair on April 21 after a lengthy Senate confirmation, the SEC has claimed jurisdiction over a narrower segment of cryptocurrencies. 

In February, the agency issued guidance stating that memecoins — if clearly identified as purely speculative assets with no intrinsic value — do not qualify as investment contracts pursuant to US law. 

In April, the SEC said that stablecoins — digital tokens pegged to the US dollar — similarly do not qualify as securities if they are marketed solely as a means of making payments.

Nasdaq urges SEC to treat certain digital assets as 'stocks by any other name'
Stablecoin market overview. Source: RWA.xyz

Integrating crypto into TradFi

In its April 21 letter, Nasdaq said existing financial infrastructure “can readily absorb digital assets by establishing the proper taxonomy and calibrating certain rules to reflect what is truly new and novel about digital assets.”

The Depository Trust & Clearing Corporation (DTCC) — a private US securities clearinghouse closely overseen by the SEC — has been laying the foundation for integrating blockchain technology into regulated financial markets.

In March, the DTCC committed to promoting Ethereum’s ERC-3643 standard for permissioned securities tokens.

Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race

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Crypto firms launch Wall Street-style funds: Finance Redefined

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Crypto firms launch Wall Street-style funds: Finance Redefined

Crypto firms launch Wall Street-style funds: Finance Redefined

Cryptocurrency firms and centralized exchanges are launching more traditional investment offerings, bridging the divide between traditional financial and digital assets.

With investors seeking more flexible product offerings under one platform, the “line is blurring” between traditional finance (TradFi) and the cryptocurrency space, as the two financial paradigms signal a “growing synergy,” according to Gracy Chen, CEO of Bitget, the world’s sixth-largest crypto exchange.

In the wider crypto space, Securitize partnered with Mantle protocol to launch an institutional fund that will generate yield on a basket of diverse cryptocurrencies, similar to how traditional index funds track a mix of stocks.

The developments come after crypto investor sentiment staged a significant recovery, moving from “fear” to “neutral” for the first time since January 2025.

Crypto firms launch Wall Street-style funds: Finance Redefined
Fear & Greed Index chart. Source: CoinMarketCap

Investor sentiment was bolstered after US President Donald Trump said that import tariffs on Chinese goods will “come down substantially,” adopting a softer tone in negotiations for the first time since the reciprocal tariff announcement.

Crypto firms moving into Wall Street territory

Cryptocurrency firms and exchanges are increasingly moving into Wall Street territory, launching more traditional investment offerings and showcasing the increasing connection between crypto and traditional finance (TradFi).

“There’s a growing synergy between traditional financial investments and the emerging crypto space,” according to Gracy Chen, the CEO of Bitget, the world’s sixth-largest crypto exchange.

“Crypto players are now checking out traditional finance as they see the opportunity to bridge it,” Chen told Cointelegraph.

“The lines are blurring. Investors want flexibility, and products that can straddle both worlds are naturally attractive,” Chen said. “Some players see TradFi as a safety net; others, like Bitget, see it as a launchpad for broader adoption.” She added:

“In a volatile market, integration is smarter than isolation.”

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Securitize, Mantle launch institutional crypto fund

Tokenization platform Securitize partnered with decentralized finance (DeFi) protocol Mantle to launch an institutional fund designed to earn yield on a diverse basket of cryptocurrencies, the companies said. 

Similar to how a traditional index fund tracks a mix of stocks, the Mantle Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Solana (SOL), as well as stablecoins tracking the US dollar, Securitize said in an April 24 announcement. 

The fund also integrates liquid staking tokens — including Mantle’s mETH, Bybit’s bbSOL, and Ethena’s USDe — in a bid to enhance returns with onchain yield, according to the announcement.

The launch comes as retail and institutions alike increase exposure to cryptocurrencies, particularly Bitcoin, as a hedge amid escalating macroeconomic uncertainty.

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Mantra says CEO has begun the process of burning his 150 million OM tokens

Mantra founder and CEO John Patrick Mullin has started unstaking 150 million of his Mantra (OM) tokens in preparation for sending them to a burn address in an attempt to restore the token’s value by tightening supply. 

Mantra announced on April 21 that the unstaking process had begun, and would be completed by April 29, at which point Mullin’s Mantra (OM) tokens will be sent to the burn address and permanently removed from circulating supply.

Mantra
Source: John Patrick Mullin

Mullin said it was a “first step in rebuilding trust with the community, but far from the last.” 

Mantra said it was also in talks with “key ecosystem partners” about burning a further 150 million OM to bring the total burn amount to 300 million.

With 150 million fewer OM, Mantra’s total supply will decline to 1.67 billion, and its number of staked tokens will drop by over 26% to 421.8 million OM from 571.8 million OM. 

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Symbiotic raises $29 million for staking-based universal coordination layer

Cryptocurrency staking protocol Symbiotic closed a $29 million Series A funding round led by Web3-focused investment firms, including Pantera Capital and Coinbase Ventures, to support the launch of a new economic coordination layer for blockchain security.

The round included more than 100 angel investors, with participation by major industry players Aave, Polygon and StarkWare, the company said in an April 23 announcement shared with Cointelegraph.

The closing of the funding round also marks the launch of Symbiotic’s Universal Staking Framework, which aims to be an economic coordination layer that bolsters blockchain security via staking.

The new staking layer enables the use of any combination of cryptocurrencies to secure networks, including monolithic and modular layer-1 and layer-2 blockchains, the announcement said.

“We’ve created a modular framework that lets protocols evolve security models over time while efficiently coordinating risk,” Misha Putiatin, co-founder of Symbiotic, told Cointelegraph. “This empowers protocols at every stage of their lifecycle to evolve their security models seamlessly without rebuilding infrastructure.”

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SEC delays decision on Polkadot ETF

The US Securities and Exchange Commission (SEC) delayed a decision on whether to approve a proposed exchange-traded fund (ETF) holding Polkadot’s native token, regulatory filings show. 

According to an April 24 filing, the regulator has extended its deadline for a final ruling until June 11, nearly four months after the Nasdaq sought permission to list Grayscale Polkadot Trust on Feb. 24.

Grayscale’s ETF filing adds to a roster of about 70 proposed ETFs awaiting SEC approval, including funds holding altcoins, memecoins and crypto-related financial derivatives, according to Bloomberg Intelligence.  

Asset managers are pitching ETFs for “[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. Asset manager 21Shares is also awaiting permission to list its own Polkadot ETF.

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DeFi market overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.

The Official Trump (TRUMP) token rose over 73% as the week’s biggest gainer, after the president announced an exclusive in-person dinner for the top tokenholders. The Sui (SUI) token rose over 69% as the week’s second-best performing token.

Crypto firms launch Wall Street-style funds: Finance Redefined
Total value locked in DeFi. Source: DefiLlama

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

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