Aides shed tears of relief as Starmer shrugs off glitter protest to deliver ‘speech of his life’ | Beth Rigby

Published

2 years ago

October 10, 2023

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It was a leader’s speech received with such defining and raucous applause that Sir Keir Starmer and his wife Victoria, having exited the stage, came back for an encore.

You probably never thought of Starmer as a rockstar politician, but in that hall this cautious, steady lawyer had undoubtedly electrified his crowd.

It was, shadow cabinet minister Thangam Debbonaire told me as the hall cleared, “the speech of his life” – while one of his core team told me they’d cried after he delivered it.

The anxiety giving way to jubilation and relief – a reflection of how much that speech mattered to the party, and the man who wants to become your next prime minister.

The awful start, where a protester threw glitter over the Labour leader could have thrown him off course.

Instead, he took off his jacket and literally rolled up his sleeves to deliver a speech that both spoke of his values and set up the campaigning messages for those Labour supporters to take to the country.

The beginnings of the Labour election slogans were laid out by Starmer as he sought to answer the question “Why Labour?”

His five missions of government were to get Britain building again, switch on Great British Energy, get our NHS back on its feet, take back our streets and tear down barriers to opportunity.

But in truth this was not a speech packed with policies to win over wavering voters. His main pledge on housing – to build 300,000 new homes a year – mimicked what his Tory counterparts have already promised, while Labour’s pledges on police and the NHS had already been made.

That’s because the real aim of this speech was something different. His task was to appeal directly to voters beyond the hall.

Sir Keir had come to his conference determined that it was not enough for the Conservatives to lose. He had to give the public a vision for Britain that was enough for Labour to win a mandate for what he describes as a “decade of renewal”.

His message was one of hope as he told his audience: “What is broken can be repaired, what is ruined can be rebuilt. Wounds do heal. And ultimately that project – their project – will crash against the spirit of working people in this country. They are the source of my hope.”

He did not whitewash the scale of the task as he looked back on the challenges for Labour leaders past.

“If you think our job in 1997 was to rebuild the crumbling realm. That in 1964 it was to modernise an economy left behind by the pace of technology. In 1945 to build a new Britain out of the trauma of collective sacrifice. Then in 2024 it will have to be all three.”

A speech not for the hall, but for the public

The pitch and tone of his speech undoubtedly gave the hall more confidence Sir Keir is determined to replicate the mood of 1996, not 1991 – set to be the heir to Blair, rather than fall short as Neil Kinnock did in 1992 when John Major’s Conservatives narrowly clung on.

For this was a speech not for the hall, but for the public. And just like Blair in 1996, Starmer used his moment to appeal beyond his room to the undecided and doubters, to convince the public his party had really changed and was a party that instead of holding people back would help them on.

There were echoes of Blair when Sir Keir promised to prioritise economic growth, work with business, champion a competitive tax regime and back enterprise.

He told the audience he had led a “changed Labour party” no longer in the thrall to gesture politics and protest politics. And to “despairing” Conservative voters, he issued a direct appeal: “If you feel our country needs a party that conserves…you can join it. It’s this Labour party.”

This speech was a pitch from Starmer that he really is the heir to Blair.

He was speaking to a crowd that, after nearly 14 years out of power, is united around a singular goal – to win the next general election.

The mood in the conference centre was certainly more confident after this speech that Sir Keir can lock in the win. I suspect after that speech and its reception, he will be too.

Politics

SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit

Published

3 hours ago

April 10, 2025

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SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit

Braden John Karony, the CEO of crypto firm SafeMoon, has cited the US Department of Justice’s directive to no longer pursue some crypto charges in an effort to get the case against him and his firm dismissed.

In an April 9 letter to New York federal court judge Eric Komitee, Karony’s attorney, Nicholas Smith, said the court should consider an April 7 memo from US Deputy Attorney General Todd Blanche that disbanded the DOJ’s crypto unit.

“The Department of Justice is not a digital assets regulator,” Blanche said in the memo, which added the DOJ “will no longer pursue litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets.”

Blanche also directed prosecutors not to charge violations of securities and commodities laws when the case would require the DOJ to determine if a digital asset is a security or commodity when charges such as wire fraud are available.

In the footnote of the letter, Karony’s counsel wrote an exemption to the DOJ’s new directive would be if the parties have an interest in defending that a crypto asset is a security, but added that “Karony does not have such an interest.”

The Justice Department and the Securities and Exchange Commission filed simultaneous charges of securities violations, wire fraud, and money laundering against Karony and other SafeMoon executives in November 2023.

The government alleged Karony, SafeMoon creator Kyle Nagy and chief technology officer Thomas Smith withdrew assets worth $200 million from the project and misappropriated investor funds.

Another attempt to nix the case

The letter is Karony’s latest attempt to get the case thrown out. In February, he asked that his trial, scheduled to begin on March 31, be delayed as he argued President Donald Trump’s proposed crypto policies could potentially affect the case.

Later in February, Smith changed his plea to guilty and said he took part in the alleged $200 million crypto fraud scheme. Nagy is at large and is believed to be in Russia.

SafeMoon filed for bankruptcy in December 2023, a month after it was hit with twin cases from the SEC and DOJ. It was also hacked in March 2023, with the hacker agreeing to return 80% of the funds.

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Politics

Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

Published

5 hours ago

April 10, 2025

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Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins.

Crypto transactions would be taxed at 18% with a 5% military levy on top as part of the proposed framework, released on April 8 by Ukraine’s National Securities and Stock Market Commission.

NSSMC Chairman Ruslan Magomedov said in an April 8 statement that “the issue of crypto taxes is not a hypothesis, but a reality that is fast approaching.”

He added that the agency created the framework to help lawmakers make an “informed resolution” by considering each suggestion’s advantages and disadvantages because “these aspects can have a critical impact on the market and tax liability.”

Under the NSSMC’s proposed crypto framework, a tax will be applied when crypto is cashed out for fiat currency or exchanged for goods or services.

Crypto-to-crypto transactions wouldn’t be taxed, bringing Ukraine in line with other European countries, including Austria and France, as well as crypto-friendly jurisdictions like Singapore, the NSSMC said.

The regulator says it “makes sense” to exclude stablecoins backed by foreign currencies or only apply a 5% or 9% tax because Ukraine’s tax code already excludes income from transactions in “foreign exchange values.”

Mining, staking, hard forks and airdrops

Other crypto-related activities, such as mining, staking and airdrops, are also addressed in the framework which floated a few options for taxation.

The NSSMC said crypto mining is generally considered a business activity, but there might be a general tax-free limit for certain crypto transactions, including mining.

Under the framework, staking could be considered as “business captive income” or only taxed if the crypto is cashed out for fiat currencies. While hard forks and airdrops could be taxed either as ordinary income or when the tokens are cashed.

The regulator suggests a tax-free threshold could help “relieve the burden on small investors” and is common in other jurisdictions.

Exemptions for donations, transfers between family members, and holders who keep their crypto for a set amount of time are also flagged as possibilities. However, the NSSMC says the exemption might not apply to non-custodial crypto wallets.

Last December, Daniil Getmantsev, head of the tax committee of Ukraine’s parliament, said a draft bill to legalize cryptocurrencies was under review and expected to be finalized early this year.

Ukrainian President Volodymyr Zelenskyy first signed a law establishing a legal framework for the country to operate a regulated crypto market in March 2022.

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Politics

21Shares files for spot Dogecoin ETF in the US

Published

7 hours ago

April 10, 2025

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21Shares files for spot Dogecoin ETF in the US

Digital asset manager 21Shares has filed with the US Securities and Exchange Commission to launch a spot Dogecoin exchange-traded fund, following similar filings from rivals Bitwise and Grayscale.

The 21Shares Dogecoin ETF would seek to track the price of the memecoin Dogecoin (DOGE), according to the firm’s April 9 Form S-1 registration statement. The Dogecoin Foundation’s corporate arm, House of Doge, plans to assist 21Shares with marketing the fund.

21Shares said Coinbase Custody would be the proposed custodian of its Dogecoin ETF but did not specify a fee, ticker or what stock exchange it would list on.

21Shares must also file a 19b-4 filing with the SEC to kickstart the regulator’s approval process for the fund.

DOGE currently has a $24.2 billion market cap and is the eighth-largest cryptocurrency by value. It was created in 2013 as a joke and is a fork of Lucky Coin, which itself is a fork of Bitcoin.

21Shares’ proposed Dogecoin ETF is the company’s latest effort to expand its spot crypto ETF offerings, which currently includes only a spot Bitcoin (BTC) and Ether (ETH) fund.

The issuer also filed with the SEC in February to launch a spot Polkadot (DOT) ETF and last year, it filed to create a spot XRP (XRP) ETF.

The recent surge in crypto ETF filings reflects a “spaghetti cannon approach” from issuers testing which products the new SEC leadership might approve, Bloomberg ETF analyst James Seyffart said in February.

“Issuers will try to launch many many different things and see what sticks,” Seyffart said.

Seyffart and fellow Bloomberg ETF analyst Eric Balchunas said in February that there is a 75% chance that the SEC will approve a spot Dogecoin ETF this year, while the betting platform Polymarket currently gives approval odds of 64%.

21Shares and House of Doge partner for DOGE funds in Switzerland

21Shares also said on April 9 that it partnered with House of Doge to launch a fully backed Dogecoin exchange-traded product on Switzerland’s SIX Swiss Exchange.

The 21Shares Dogecoin product will trade under the ticker “DOGE” with a 2.5% fee.

21Shares president Duncan Moir said that Dogecoin “has become more than a cryptocurrency: it represents a cultural and financial movement that continues to drive mainstream adoption, and DOGE offers investors a regulated avenue to be part of this exciting project.”

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