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And another one bites the dust. Suella Braverman – one of the most divisive politicians of the age – has been sacked as home secretary.

It marks the fourth dramatic exit from Rishi Sunak’s cabinet in just over a year – after the departures of Dominic Raab, Nadhim Zahawi and Gavin Williamson.

It’s not exactly a good look for a prime minister who promised to bring accountability, integrity and professionalism to Downing Street.

Follow live: Sunak sacks Braverman as reshuffle begins

But Ms Braverman’s fiery rhetoric on things such as immigration, policing and homelessness was starting to rile even those within her own party.

After an inflammatory article in The Times in which she accused the Met Police of bias towards left-wing protesters, and made an offensive comparison to marches in Northern Ireland, the writing was on the wall.

Tory MPs called her an “embarrassment” and “ignorant”, and accused her of being on a mission to deliberately get herself sacked in order to launch a leadership pitch.

More called for her to go on Saturday, with Scottish First minister Humza Yousaf suggesting the far-right had been emboldened by her comments, as a group of counter-protesters using slogans like ‘England til I die’ clashed with police on Armistice Day, while a pro-Palestinian demo that Ms Braverman had called to be banned went off largely peacefully.

Deliberate or not, her position in one of the most senior cabinet roles was no longer considered tenable by Number 10, who had not fully signed off the Times piece.

And so she was sacked as home secretary – and not for the first time – marking the end of a short yet turbulent career on the Conservative frontbenches… at least for now.

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Braverman criticises Pro-Palestine protests

Born to parents from Kenya and Mauritius and fluent in French, Ms Braverman’s political brand might seem unusual for someone of her background: she has risen through the ranks championing a hard Brexit, anti-immigration, “anti-woke” agenda.

But for someone who is currently making daily headlines, she was relatively unknown until a year ago.

The 43-year-old was first elected as the MP for Fareham in 2015 and spent three years on the backbenches before a brief stint as a junior minister in the Brexit department – a post from which she resigned over the “unacceptable terms” of Theresa May’s Withdrawal Agreement.

The move won her favour with Boris Johnson, who upon being elected as prime minister made her attorney general – the chief legal advisor to the crown.

It was a fitting role for Ms Braverman, who studied Law at Cambridge University and the University of Paris before qualifying as an attorney in New York State.

During her time in the post, she faced criticism from the legal profession for backing the Internal Market Bill, which sought to override parts of the EU’s legal divorce deal and was described by critics as breaking international law.

But it was only when she was made home secretary that she really become a household name, as she repeatedly became the centre of so-called “culture wars” rows.

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Braverman’s long list of scandals

The job was marked with controversy from the beginning.

Just weeks into the post in September 2022, she declared it was her “dream and obsession” to deport refugees to Rwanda – triggering a backlash from those opposed to the controversial policy (or what Ms Braverman and her allies might like to call the “liberal elite”).

Indeed, Ms Braverman caused a stir just some weeks later as she defended the government’s controversial Public Order Bill with a bizarre attack on “the Guardian-reading, tofu-eating wokerati”, whom she blamed for protest disruption.

And her claim that the country faced an “invasion of our southern coast” in reference to Channel crossings also drew condemnation.

But the first big scandal came when just 43 days into the role, she was forced to resign – effectively sacked – because she had breached government security rules by sending an official document from her personal email to a backbench MP.

Ms Braverman said it was a mistake, but her resignation letter took aim at then prime minister Liz Truss, accusing her of breaking “key pledges that were promised to our voters”.

Read more:
Braverman’s long list of controversies

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Labour: PM ‘too weak’ to sack Braverman

She would ultimately return to the top job just a week later under Mr Sunak, after the rapid collapse of the Truss administration.

The appointment was seen as a gamble, given Ms Braverman had originally backed Ms Truss over Mr Sunak in the leadership contest to replace Mr Johnson – after being knocked out early in the race herself.

Labour leader Sir Keir Starmer accused Mr Sunak of making a “grubby deal” at the expense of national security in order to ensure her support and keep her backers on the right of the party happy.

The PM denied the accusation, but regardless of whether that was the case, to what degree she has actually offered such support has been questionable.

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Was Suella Braverman’s migrant speech a leadership pitch?

Is Braverman running a leadership campaign?

While she is closely tied to the prime minister’s “stop the boats” pledge, Ms Braverman has undoubtedly proved to be a thorn in his side.

Her integrity has been called into question on many occasions, including when she was alleged to have asked her civil servants to arrange a private awareness course after she was caught speeding, and when she claimed grooming gang members are “almost all British Pakistani” – remarks seen as amplifying a far-right narrative and factually inaccurate.

Mr Sunak has been forced to distance himself from her language on several occasions, most recently declining to back her comments saying multiculturalism has “failed”, likening immigration to a “hurricane” and describing rough sleeping as a “lifestyle choice”.

So divisive have her words been that some of her colleagues have accused her of undermining the PM by running a leadership campaign, pointing to speeches at right-wing events such as the National Conservatism conference in May.

Home Secretary Suella Braverman speaking during the National Conservatism Conference

But until now, Mr Sunak has appeared unwilling to rein in his home secretary – possibly out of fear of a rebellion on the Conservative right if he takes action against her.

Ms Braverman is now free to lead that if she so wishes.

Having questioned the integrity of the operationally independent Met Police, Mr Sunak seems to have judged she has finally gone too far.

Doubling down on her description of pro-Palestinian protesters as “hate marches”, she wrote in The Times: “Right-wing and nationalist protesters who engage in aggression are rightly met with a stern response, yet pro-Palestinian mobs displaying almost identical behaviour are largely ignored even when clearly breaking the law.”

Read More:
Analysis: Braverman has displayed breathtaking ignorance on Northern Ireland
Comedian raises thousands for homelessness charity after Braverman’s comments

She also said: “I do not believe that these marches are merely a cry for help for Gaza.

“They are an assertion of primacy by certain groups – particularly Islamists – of the kind we are more used to seeing in Northern Ireland.”

It was enough to make even Priti Patel – Ms Braverman’s right-wing predecessor – make a not so thinly-veiled retort at the COVID inquiry about the operational independence of the police “and that we as politicians were not there to dictate directly to the police as to when to arrest people”.

Other MPs accused her of fanning the flames of hate, while Labour turned the heat on the prime minister himself and his judgement in keeping her in post.

Now she is out of government. And some people think that was her plan all along, so she can focus her efforts on being the Tory right’s next leadership candidate.

We may not know if that is true, but what is clear is that this isn’t the first time she has landed herself in hot water and, in or out of cabinet, it’s unlikely to be the last.

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Panama’s capital to accept crypto for taxes, municipal fees

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<div>Panama's capital to accept crypto for taxes, municipal fees</div>

<div>Panama's capital to accept crypto for taxes, municipal fees</div>

Panama’s capital city will accept cryptocurrency payments for taxes and municipal fees, including bus tickets and permits, Panama City mayor Mayer Mizrachi announced on April 15, joining a growing list of jurisdictions globally that have voted to accept such payments.

Panama City will begin accepting Bitcoin (BTC), Ether (ETH), Circle’s USDC (USDC), and Tether’s USDt (USDT) stablecoin for payment once the crypto-to-fiat payment rails are established, Mizrachi posted on the X platform.

Mizrachi said previous administrations attempted to push through similar legislation but failed to overcome stipulations requiring the local government to accept funds denominated in US dollars.

In a translated statement, the Panama City mayor said that the local government partnered with a bank that will immediately convert any digital assets received into US dollars, allowing the municipality to accept crypto without introducing new legislation.

Panama City joins a growing list of global jurisdictions on the municipal and state level accepting cryptocurrency payments for taxes, exploring Bitcoin strategic reserves to protect public treasuries from inflation and passing pro-crypto policies to attract investment.

Taxes, Panama, Bitcoin Adoption
Source: Mayer Mizrachi

Related: New York bill proposes legalizing Bitcoin, crypto for state payments

Municipalities and states embrace digital assets

Several municipalities and territories around the globe already accept crypto for tax payments or are exploring various implementations of blockchain technology for government spending.

The US state of Colorado started accepting crypto payments for taxes in September 2022. Much like Panama City said it will do, Colorado immediately converts the crypto to fiat.

In December 2023, the city of Lugano, Switzerland, announced taxes and city fees could be paid in Bitcoin, which was one of the developments that earned it the reputation of being a globally recognized Bitcoin city.

The city council of Vancouver, Canada, passed a motion to become “Bitcoin-friendly city” in December 2024. As part of that motion, the Vancouver local government will explore integrating BTC into the financial system, including tax payments.

North Carolina lawmaker Neal Jackson introduced legislation titled “The North Carolina Digital Asset Freedom Act” on April 10. If passed, the bill will recognize cryptocurrencies as an official form of payment that can be used to pay taxes.

Magazine: Crypto City: The ultimate guide to Miami

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Fed’s Powell reasserts support for stablecoin legislation

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<div>Fed's Powell reasserts support for stablecoin legislation</div>

<div>Fed's Powell reasserts support for stablecoin legislation</div>

As digital assets gain mainstream adoption, establishing a legal framework for stablecoins is a “good idea,” said US Federal Reserve Chair Jerome Powell.

In an April 16 panel at the Economic Club of Chicago, Powell commented on the evolution of the cryptocurrency industry, which has delivered a consumer use case that “could have wide appeal” following a difficult “wave of failures and frauds,” he said.

Fed's Powell reasserts support for stablecoin legislation

Powell delivers remarks at the Economic Club of Chicago. Source: Bloomberg Television

During crypto’s difficult years, which culminated in 2022 and 2023 with several high-profile business failures, the Fed “worked with Congress to try to get a […] legal framework for stablecoins, which would have been a nice place to start,” said Powell. “We were not successful.”

“I think that the climate is changing and you’re moving into more mainstreaming of that whole sector, so Congress is again looking […] at a legal framework for stablecoins,” he said. 

“Depending on what’s in it, that’s a good idea. We need that. There isn’t one now,” said Powell.

This isn’t the first time Powell acknowledged the need for stablecoin legislation. In June 2023, the Fed boss told the House Financial Services Committee that stablecoins were “a form of money” that requires “robust” federal oversight.

Related: Stablecoins are the best way to ensure US dollar dominance — Web3 CEO

Support for stablecoin legislation is growing

The election of US President Donald Trump has ushered in a new era of pro-crypto appointments and policy shifts that could make America a digital asset superpower

Washington’s formal embrace of cryptocurrency began earlier this year when Trump established the President’s Council of Advisers on Digital Assets, with Bo Hines as the executive director. 

Hines told a digital asset summit in New York last month that a comprehensive stablecoin bill was a top priority for the current administration. After the Senate Banking Committee passed the GENIUS Act, a final stablecoin bill could arrive at the president’s desk “in the next two months,” said Hines.

Fed's Powell reasserts support for stablecoin legislation

Bo Hines (right) speaks of “imminent” stablecoin legislation at the Digital Asset Summit on March 18. Source: Cointelegraph

Stablecoins pegged to the US dollar are by far the most popular tokens used for remittances and cryptocurrency trading.

The combined value of all stablecoins is currently $227 billion, according to RWA.xyz. The dollar-pegged USDC (USDC) and USDt (USDT) account for more than 88% of the total market. 

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

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Court grants 60-day pause of SEC, Ripple appeals case

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Court grants 60-day pause of SEC, Ripple appeals case

Court grants 60-day pause of SEC, Ripple appeals case

An appellate court has granted a joint request from Ripple Labs and the Securities and Exchange Commission (SEC) to pause an appeal in a 2020 SEC case against Ripple amid settlement negotiations.

In an April 16 filing in the US Court of Appeals for the Second Circuit, the court approved a joint SEC-Ripple motion to hold the appeal in abeyance — temporarily pausing the case — for 60 days. As part of the order, the SEC is expected to file a status report by June 15.

Law, Ripple, SEC, Court
April 16 order approving a motion to hold an appeal in abeyance. Source: PACER

The SEC’s case against Ripple and its executives, filed in December 2020, was expected to begin winding down after Ripple CEO Brad Garlinghouse announced on March 19 that the commission would be dropping its appeal against the blockchain firm. A federal court found Ripple liable for $125 million in an August ruling, resulting in both the SEC and blockchain firm filing an appeal and cross-appeal, respectively.

However, once US President Donald Trump took office and leadership of the SEC moved from former chair Gary Gensler to acting chair Mark Uyeda, the commission began dropping multiple enforcement cases against crypto firms in a seeming political shift. Ripple pledged $5 million in XRP to Trump’s inauguration fund, and Garlinghouse and chief legal officer Stuart Alderoty attended events supporting the US president.

Related: SEC dropping Ripple case is ‘final exclamation mark’ that XRP is not a security — John Deaton

Despite support for the end of the case coming from both Ripple and the SEC, the August 2024 judgment and appellate cases leave some legal entanglements. Alderoty said in March that Ripple would drop its cross-appeal with the SEC and receive a roughly $75 million refund from the lower court judgment. It’s unclear what else may result from negotiations over a settlement in appellate court.

New leadership at SEC incoming

Acting chair Uyeda is expected to step down following the US Senate confirming Paul Atkins as SEC chair on April 9.

During his confirmation hearings, lawmakers questioned Atkins about his ties to crypto, which could create conflicts of interest in his role regulating the industry. In financial disclosures, Atkins stated he had millions of dollars in assets through stakes in crypto firms, including Securitize, Pontoro and Patomak.

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

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