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Suella Braverman has launched a scathing attack on Prime Minister Rishi Sunak, accusing him of abandoning secret promises and saying “your plan is not working”.

The former home secretary was sacked by the prime minister on Monday following a controversial article where she accused the Met Police of bias towards left-wing protesters, and not long after she suggested the use of tents by homeless people is “a lifestyle choice”.

After being sacked from her role Ms Braverman said that she would say “more in due course”.

And in a scathing letter released on Tuesday afternoon, the former home secretary attacked Mr Sunak’s record in government, accusing him of a “betrayal”.

This is her letter to the PM in full:

Dear prime minister,

Thank you for your phone call yesterday morning in which you asked me to leave government. While disappointing, this is for the best.

It has been my privilege to serve as home secretary and deliver on what the British people have sent us to Westminster to do.

I want to thank all of those civil servants, police, Border Force officers and security professionals with whom I have worked and whose dedication to public safety is exemplary.

I am proud of what we achieved together: delivering on our manifesto pledge to recruit 20,000 new police officers and enacting new laws such as the Public Order Act 2023 and the National Security Act 2023. I also led a programme of reform: on anti-social behaviour, police dismissals and standards, reasonable lines of enquiry, grooming gangs, knife crime, non-crime hate incidents and rape and serious sexual offences.

And I am proud of the strategic changes that I was delivering to Prevent, Contest, serious organised crime and fraud. I am sure that this work will continue with the new ministerial team.

As you know, I accepted your offer to serve as home secretary in October 2022 on certain conditions. Despite you having been rejected by a majority of party members during the summer leadership contest and thus having no personal mandate to be prime minister, I agreed to support you because of the firm assurances you gave me on key policy priorities.

These were, among other things:

1. Reduce overall legal migration as set out in the 2019 manifesto through, inter alia, reforming the international students route and increasing salary thresholds on work visas;
2. Include specific ‘notwithstanding clauses’ into new legislation to stop the boats, i.e. exclude the operation of the European Convention on Human Rights (ECHR), Human Rights Act (HRA) and other international law that had thus far obstructed progress on this issue;
3. Deliver the Northern Ireland Protocol and Retained EU Law Bills in their then existing form and timetable:
4. Issue unequivocal statutory guidance to schools that protects biological sex, safeguards single sex spaces, and empowers parents to know what is being taught to their children.

This was a document with clear terms to which you agreed in October 2022 during your second leadership campaign. I trusted you. It is generally agreed that my support was a pivotal factor in winning the leadership contest and thus enabling you to become prime minister.

For a year, as home secretary I have sent numerous letters to you on the key subjects contained in our agreement, made requests to discuss them with you and your team, and put forward proposals on how we might deliver these goals. I worked up the legal advice, policy detail and action to take on these issues. This was often met with equivocation, disregard and a lack of interest.

You have manifestly and repeatedly failed to deliver on every single one of these key policies. Either your distinctive style of government means you are incapable of doing so. Or, as I must surely conclude now, you never had any intention of keeping your promises.

These are not just pet interests of mine. They are what we promised the British people in our 2019 manifesto which led to a landslide victory. They are what people voted for in the 2016 Brexit referendum.

Our deal was no mere promise over dinner, to be discarded when convenient and denied when challenged. I was clear from day one that if you did not wish to leave the ECHR, the way to securely and swiftly deliver our Rwanda partnership would be to block off the ECHR, the HRA and any other obligations which inhibit our ability to remove those with no right to be in the UK. Our deal expressly referenced ‘notwithstanding clauses’ to that effect.

Your rejection of this path was not merely a betrayal of our agreement, but a betrayal of your promise to the nation that you would do “whatever it takes” to stop the boats.

At every stage of litigation I cautioned you and your team against assuming we would win. I repeatedly urged you to take legislative measures that would better secure us against the possibility of defeat.

You ignored these arguments. You opted instead for wishful thinking as a comfort blanket to avoid having to make hard choices. This irresponsibility has wasted time and left the country in an impossible position.

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Suella Braverman ignored questions from the media after she was sacked as home secretary

If we lose in the Supreme Court, an outcome that I have consistently argued we must be prepared for, you will have wasted a year and an Act of Parliament, only to arrive back at square one.

Worse than this, your magical thinking – believing that you can will your way through this without upsetting polite opinion has meant you have failed to prepare any sort of credible ‘Plan B’.

I wrote to you on multiple occasions setting out what a credible Plan B would entail, and making clear that unless you pursue these proposals, in the event of defeat, there is no hope of flights this side of an election. I received no reply from you.

I can only surmise that this is because you have no appetite for doing what is necessary, and therefore no real intention of fulfilling your pledge to the British people.

If, on the other hand, we win in the Supreme Court, because of the compromises that you insisted on in the Illegal Migration Act, the government will struggle to deliver our Rwanda partnership in the way that the public expects. The Act is far from secure against legal challenge.

People will not be removed as swiftly as I originally proposed. The average claimant will be entitled to months of process, challenge, and appeal. Your insistence that Rule 39 indications are binding in international law – against the views of leading lawyers, as set out in the House of Lords will leave us vulnerable to being thwarted yet again by the Strasbourg Court.

Another cause for disappointment – and the context for my recent article in The Times – has been your failure to rise to the challenge posed by the increasingly vicious antisemitism and extremism displayed on our streets since Hamas’s terrorist atrocities of 7 October.

I have become hoarse urging you to consider legislation to ban the hate marches and help stem the rising tide of racism, intimidation and terrorist glorification threatening community cohesion. Britain is at a turning point in our history and faces a threat of radicalisation and extremism in a way not seen for 20 years.

I regret to say that your response has been uncertain, weak, and lacking in the qualities of leadership that this country needs. Rather than fully acknowledge the severity of this threat, your team disagreed with me for weeks that the law needed changing.

As on so many other issues, you sought to put off tough decisions in order to minimise political risk to yourself. In doing so, you have increased the very real risk these marches present to everyone else.

In October of last year you were given an opportunity to lead our country. It is a privilege to serve and one we should not take for granted. Service requires bravery and thinking of the common good. It is not about occupying the office as an end in itself.

Someone needs to be honest: your plan is not working, we have endured record election defeats, your resets have failed and we are running out of time. You need to change course urgently.

I may not have always found the right words, but I have always striven to give voice to the quiet majority that supported us in 2019. I have endeavoured to be honest and true to the people who put us in these privileged positions.

I will, of course, continue to support the government in pursuit of policies which align with an authentic conservative agenda.

Sincerely,
Suella Braverman
Rt Hon Suella Braverman KC MP
Member of Parliament for Fareham

In response, a No 10 spokesperson said:

The prime minister was proud to appoint a strong, united team yesterday focused on delivering for the British people.

The prime minister believes in actions not words. He is proud that this government has brought forward the toughest legislation to tackle illegal migration this country has seen and has subsequently reduced the number of boat crossings by a third this year. And whatever the outcome of the Supreme Court tomorrow, he will continue that work.

The PM thanks the former home secretary for her service.

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New York district gets interim US Attorney as ex-SafeMoon CEO trial kicks off

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New York district gets interim US Attorney as ex-SafeMoon CEO trial kicks off

New York district gets interim US Attorney as ex-SafeMoon CEO trial kicks off

Acting US Attorney for the Eastern District of New York (EDNY) John Durham has departed as President Donald Trump’s pick takes control of the office.

In a May 5 notice, the US Attorney’s Office for EDNY said Joseph Nocella will serve as interim US Attorney for the region for 120 days or until a Senate-confirmed nominee assumes the role. Nocella’s appointment came as jury selection began in the criminal trial of Braden John Karony, the former CEO of crypto firm SafeMoon.

It’s unclear how the advancement of Nocella, appointed by US President Donald Trump this month, could affect prosecutors’ case against Karony, who faces charges of securities fraud conspiracy, wire fraud conspiracy, and money laundering conspiracy. Nocella said he intended to help prosecute “narcotics-traffickers, gang members, terrorists, human-traffickers and other criminals.”

The former SafeMoon CEO asked the court in February to consider pushing back the start of the trial based on “significant changes” Trump had proposed affecting US securities laws, potentially impacting his criminal case.

Related: What do crypto users want to happen to Alex Mashinsky?

Though not as well known for criminal cases involving high-profile figures in the crypto industry, the Eastern District of New York has been responsible for overseeing cases against individuals tied to digital assets, including a Securities and Exchange Commission (SEC) complaint against Hex founder Richard Heart and fraudsters.

Its neighboring district, the Southern District of New York, will oversee the sentencing of former Celsius CEO Alex Mashinsky on May 8. Jay Clayton, a Wall Street insider and the former chair of the SEC, became the interim US Attorney for the district in April.

Criminal trial to start on May 6

SafeMoon’s Karony, Kyle Nagy, and Thomas Smith were charged in November 2023 for “diverted and misappropriated millions of dollars’ worth” of the platform’s SFM token between 2021 and 2022. Karony has pleaded not guilty to all charges and has been free on a $3 million bond since February 2024.

In a May 5 filing, Karony agreed to have jury selection for his trial proceed under US Magistrate Judge James Cho. District Judge Eric Komitee is expected to oversee the trial starting on May 6.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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Trump’s crypto dealings face scrutiny as House Republicans unveil digital asset bill

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Trump’s crypto dealings face scrutiny as House Republicans unveil digital asset bill

Trump’s crypto dealings face scrutiny as House Republicans unveil digital asset bill

US President Donald Trump’s crypto businesses are drawing increased scrutiny on Capitol Hill and beginning to influence the progress of US digital asset legislation. As Republican lawmakers in the US House of Representatives unveiled their draft of a digital asset market structure bill on May 5, Democrats prepared for a united response to Donald Trump’s deepening connections with the industry.

Speaking to Cointelegraph on May 5, a Democratic staffer with knowledge of the matter said that House Financial Services Committee Ranking Member Maxine Waters planned to lead some members of her party out of a Republican-led hearing discussing digital assets. The May 6 hearing, entitled “American Innovation and the Future of Digital Assets” and led by Committee Chair French Hill, could address draft legislation proposed by Republican lawmakers to establish a crypto market regulatory structure.

In a May 5 statement, Rep. Hill and three top Republicans unveiled the draft bill, which could clarify the treatment of digital assets by the US’s financial regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Hill and others echoed some of Trump’s talking points on crypto — e.g, making the US a “crypto capital of the world” — suggesting deference to the president’s previously announced policies.

The draft bill included a provision requiring the SEC and CFTC to issue joint rules defining digital commodities. According to the text, transactions involving digital commodities “shall be deemed not to be an offer or sale of an investment contract” as long as the purchaser did not have “an ownership interest or other interest in the revenues, profits, or assets.”

According to the Democratic staffer, rules required all members of the House Financial Services Committee to agree to move forward with the digital asset hearing, suggesting that Waters intended to block the Republican-controlled event and conduct a shadow hearing to explore Trump’s and his family’s ties to the crypto industry. At least nine Democrats have reportedly considered a similar move to oppose a proposed stablecoin bill in the Senate.

Calls for impeachment, criticism from both sides

Some members of Congress have already called for Trump’s impeachment after he offered the opportunity for some of his top memecoin holders to tour the White House and attend a private dinner. In addition to the memecoin, the president’s family has backed the firm World Liberty Financial, which recently launched its own stablecoin, and an Abu Dhabi-based investment firm used the USD1 stablecoin to settle a $2 billion investment in Binance.

Related: US Senator calls for Trump impeachment, cites memecoin dinner

Waters, according to the staffer, requested that Hill and Republicans amend any proposed legislation to explicitly prevent potential conflicts of interest in which Trump could personally enrich himself through crypto ventures. Cointelegraph reached out to Hill’s office but did not receive a response at the time of publication. The Arkansas lawmaker reportedly said in March that the Trump family’s involvement in the crypto industry makes related legislation “more complicated.”

Republican lawmakers in the United States currently have control of the House, Senate, and presidency. At least two senators supportive of Trump have criticized his memecoin dinner, hinting that the president was selling access to his office. It’s unclear at the time of publication who among the memecoin holders could attend the May 22 dinner in person.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

This is a developing story, and further information will be added as it becomes available.

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VanEck files for BNB ETF, first in US

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VanEck files for BNB ETF, first in US

VanEck files for BNB ETF, first in US

Asset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance’s BNB Chain, regulatory filings show. 

The ETF is designed to accumulate spot BNB (BNB) tokens and “may, from time to time, stake a portion of the [fund’s] assets through one or more trusted staking providers,” according to the ETF’s S-1 prospectus. The filing marks the first time an asset manager has filed for a BNB ETF in the United States.

The BNB token has a market capitalization of roughly $84 billion, according to data from CoinMarketCap. As of May 5, BNB stakers earn a yield of approximately 2.5%, according to data from Stakingrewards.com

Binance’s BNB Chain is among the most popular smart contract networks, with a total value locked (TVL) of nearly $6 billion, according to data from DefiLlama. 

VanEck files for BNB ETF, first in US
BNB Chain is among the most popular blockchain networks. Source: DeFILlama

Related: Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reserves

Bitcoin’s “spillover” effect?

The filing comes days after Binance co-founder Changpeng “CZ” Zhao reportedly said he expects the popularity of Bitcoin (BTC) ETFs to eventually “spill over” into altcoins.

“This cycle so far has been the ETFs. And it’s almost all Bitcoin. Ether hasn’t had as much success but Bitcoin success will spill over to the others eventually,” CZ reportedly said during the Token2049 conference in Dubai. 

Spot Bitcoin ETFs attracted net inflows of more than $40 billion since launching in January of 2024, according to data from Farside Investors.

Cryptocurrencies, Bitcoin Price, Investments, Markets, United States, Ethereum ETF, Bitcoin ETF, ETF
Cumulative inflows into spot BTC ETFs. Source: Farside Investors

VanEck’s filing is the newest in a flurry of filings seeking to list ETFs holding altcoins. 

The US Securities and Exchange Commission (SEC) has acknowledged dozens of cryptocurrency ETF proposals since US President Donald Trump took office on Jan. 20. 

They include plans for ETFs holding native layer-1 tokens such as Solana (SOL) as well as memecoins such as Dogecoin (DOGE).

VanEck has filed to list other cryptocurrency ETFs over the past few months, including funds holding Solana and Avalanche (AVAX).

Magazine: ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet

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