Sir Keir Starmer asked to resign by two Labour council leaders over Gaza ceasefire stance
The leaders of two Labour councils in Lancashire are calling on Sir Keir Starmer to resign over his position on the conflict in the Middle East.
Council leaders in Burnley and Pendle have put pressure on the Labour leader over his decision not to push for a ceasefire in Gaza.
It follows calls from senior Labour figures London mayor Sadiq Khan, Scottish Labour leader Anas Sarwar and Greater Manchester mayor Andy Burnham, who broke ranks to also challenge Sir Keir’s stance.
Politics latest: Sunak hints at 2024 general election
The Labour leader has remained united with Rishi Sunak, the US, and most recently the EU in pushing for “humanitarian pauses” in the fighting, while supporting Israel’s right to defend itself against Hamas.
Burnley council leader Afrasiab Anwar said: “I and colleagues across Burnley over the last few weeks have seen the sad loss of people including young children in Palestine and Israel and this has to stop immediately.
“I joined the Labour Party because of the values of standing up and speaking out against injustices across the world. Sadly, Keir Starmer has not stood up for Labour values, hence why we are calling upon him to step down.
“Blindly following the position of Mr Sunak is not acceptable to us and our residents who we represent.”
Read more:
Rishi Sunak reveals ‘landmark agreement’ with AI firms
British surgeon says he is out of Gaza ‘at last’
(L-R) Cllr Afrasiab Anwar and Cllr Asjad Mahmood. Pic: Burnley Council and Pendle Borough Council
Pendle council leader, Asjad Mahmood, added Sir Keir had failed to listen to Labour members, urging for him to “resign to allow someone to lead our party who has compassion and speaks out against injustice and indiscriminate killing of innocent human beings”.
Sir Keir has been holding meetings within his party to address concerns over his position, and held talks with Muslim Labour MPs in parliament on 25 October.
They urged him during the “firm” exchange to back a ceasefire, believing the British public would support the move as well.
A senior Labour MP and shadow minister told Sky News: “It’s not surprising he’s been challenged.
“Hundreds of children are dying every day in Gaza and he still can’t call for a ceasefire. There goes his prime ministership.”
Voting is under way in local elections across England, as well as in the Runcorn and Helsby by-election.
Due to Ofcom rules, Sky News is limited on what it can report until polls close at 10pm.
The votes mark the first electoral test for the party leaders since last year’s general election.
In total, 23 of England’s 317 local authorities are holding elections, alongside the Isles of Scilly.
The make up of around 1,270 parish councils are also due to be decided.
Read more:
Follow local elections results here
Where are they and how do I vote?
And six metro mayors are up for election.
The West of England, Cambridgeshire and Peterborough, Doncaster, and North Tyneside mayoralties already have a mayor in place – while Greater Lincolnshire and Hull and East Yorkshire are choosing a mayor for the first time.
Meanwhile, a by-election is being held in Runcorn and Helsby after previous Labour MP Mike Amesbury agreed to stand down following his conviction for punching a man in the street.
While this result is likely to come in overnight, most local election results won’t be known until Friday.
All voters in these elections must be over 18, and be registered.
Join Sky News presenter Jonathan Samuels and deputy political editor Sam Coates from midnight as the results start coming in. Lead politics presenter Sophy Ridge, political editor Beth Rigby, and data and economics editor Ed Conway will be taking over on Friday to report and explain what has happened.
North Carolina’s House of Representatives has passed a bill allowing the state’s treasurer to invest public funds in approved cryptocurrencies, which will now head to the Senate.
The House passed the Digital Assets Investment Act, or House Bill 92, on its third reading on April 30 by a vote of 71 to 44.
Republican House Speaker Destin Hall introduced the bill in February, which would allow the treasurer to allocate 5% of the state’s investments into designated digital assets.
The investments can only be made after obtaining an independent third-party assessment confirming that the crypto holdings are maintained with a secure custody solution and risk oversight and regulatory compliance standards are met.
New amendments allow the treasurer to examine the feasibility of allowing members of retirement and deferred compensation plans to elect to invest in digital assets held as exchange-traded products (ETPs).
The House also passed a related bill, the State Investment Modernization Act, or HB 506, with little discussion on April 30, in a 110 to 3 vote.
The bill aims to create the North Carolina Investment Authority (NCIA) to take over investment management from the treasurer.
If passed into law, authority to invest in digital assets would transfer from the treasurer to NICA, and it would require approval from its board of directors based on third-party assessments to make crypto investments.
Local news outlet NC Newsline reported that Treasurer Brad Briner supports both bills.
Arizona leads the crypto bill race
North Carolina is second to Arizona in the state-level race to approve legislation allowing local governments to invest in cryptocurrencies.
Related: New Hampshire Bitcoin reserve bill heads to full Senate vote
On April 28, Arizona’s House approved two bills, SB 1025 and SB 1373, proposing different methods for the state to establish a crypto reserve.
Arizona is the only state whose House and Senate have passed crypto-related bills, which are both awaiting Governor Katie Hobbs’ decision.
Magazine: ZK-proofs unlock trillions in Bitcoin for DeFi — BitcoinOS and Starknet
Nearly 30 crypto advocate groups led by the lobby group the Crypto Council for Innovation (CCI) have asked the Securities and Exchange Commission for clear regulatory guidance on crypto staking and staking services.
The CCI’s Proof of Stake Alliance (POSA) group argued in an April 30 letter to the agency’s Crypto Task Force lead, SEC Commissioner Hester Peirce, that staking is fundamentally a technical process, not an investment activity.
“Staking isn’t niche — it’s the backbone of the decentralized internet,” the letter said.
The letter responded to the SEC’s call for public input on whether staking and liquid staking, where crypto users lock up their tokens to earn more, should be regulated under federal securities laws.
The coalition called for the SEC to support responsible inclusion of staking features in exchange-traded products (ETPs), and “avoid overly prescriptive rules that could freeze market structures and stifle innovation in the staking space.”
The group argued that staking fails to meet the securities-defining Howey test definition of an “investment contract” as stakers retain ownership of their assets.
They added that blockchain protocols, not a staking provider’s efforts, determine rewards, and providers don’t deliver profits through managerial decisions like a company does.
The letter requested that the SEC Issue principles-based guidance similar to recent SEC staff statements on proof-of-work mining.
“In the past 4 months, we’ve seen more movement and constructive dialogue with the SEC than in the past 4 years,” the group said. “Now, the industry is stepping up with concrete principles to include in guidance — a reflection of this new collaborative approach.”
Related: Ethereum ETF staking will have little impact without multimonth rally: Analyst
The group argued that the existing securities disclosure regime is ill-suited for staking services, which are fundamentally technical rather than financial in nature.
Big names in support of staking clarity
The Proof of Stake Alliance includes several high-profile crypto organizations and companies, including the venture capital firm Andreessen Horowitz (a16z), blockchain software firm Consensys, and the crypto exchange Kraken, which restored staking services in the US earlier this year.
The SEC has yet to approve a crypto staking exchange-traded fund (ETF) and delayed the decision on allowing staking for Grayscale’s spot Ether ETF on April 14.
In April, Bloomberg ETF analyst James Seyffart predicted that an Ether ETF that includes staking could come as soon as May.
Magazine: ZK-proofs unlock trillions in Bitcoin for DeFi — BitcoinOS and Starknet
-
Sports3 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports1 year agoStory injured on diving stop, exits Red Sox game
-
Sports2 years agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business3 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway