An MP found guilty of racial abuse has announced he will stand down at the next election.
Bob Stewart, who has represented the London constituency of Beckenham since 2010, revealed his decision in a brief statement on X, formerly Twitter, which made no reference to the recent court case.
He currently sits as an independent MP in the House of Commons.
Mr Stewart said in a post on the social media platform: “Serving Beckenham as its member of Parliament for 13 years has been an honour and privilege.
“I am incredibly grateful to everyone who has given me this opportunity.
“However, it is time for a new candidate, so I will not be seeking re-election at the next election.”
The geographical boundary of his Beckenham constituency is expected to be changed at the next general election following a review aimed at equalising population sizes across the seats at Westminster.
A new constituency of Beckenham and Penge has been proposed.
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Earlier this month, Mr Stewart was found guiltyat London’s Westminster Magistrates’ Court of racially abusing an activist by telling him to “go back to Bahrain”.
The former army officer, who served as a United Nations commander in Bosnia, was fined £600, with additional legal costs bringing the total to £1,435.
Image: The MP was found guilty of racially abusing Sayed Ahmed Alwadaei
The court heard the MP had become involved in a confrontation with a protester outside the Foreign Office’s Lancaster House in Westminster in December 2022.
He had been attending an event hosted by the Bahraini embassy when Sayed Ahmed Alwadaei shouted: “Bob Stewart, for how much did you sell yourself to the Bahraini regime?”
During an ensuing row, Mr Stewart said: “Go away, I hate you. You make a lot of fuss. Go back to Bahrain.”
He also told Mr Alwadaei: “You’re taking money off my country, go away.”
While highlighting Mr Stewart’s “immense positive character”, chief magistrate Paul Goldspring said: “I accept he is not racist per se, but that is not the case against him.
“Good men can do bad things.”
Mr Stewart told the court he was “not a racist” and that it had been “extremely offensive” for the demonstrator to suggest he was “corrupt”.
Referring to the charge, he said: “That’s absurd, it’s totally unfair, my life has been, I don’t want to say destroyed, but I am deeply hurt at having to appear in a court like this.”
Mr Stewart had argued his “honour was at stake in front of a large number of ambassadors”.
The military veteran, who was stationed in Bahrain in 1969, said he is a “friend” of the Middle Eastern country.
A crowdfunding page set up by Brendan Clarke-Smith, the Conservative MP for Bassetlaw, to cover Mr Stewart’s fine and any further legal costs has already raised more than £18,000.
Mr Stewart joins a growing list of Tory MPs who have announced they will not stand at the next general election, expected next year.
Binance, the world’s largest cryptocurrency exchange by trading volume, is considering a strategic reshuffling to strengthen its presence in the US market, a move that could see Binance co-founder Changpeng “CZ” Zhao’s majority stake in the company reduced.
Zhao’s controlling stake in Binance has been a “major hurdle” to the company expanding to strategically critical US states, according to Bloomberg, citing people familiar with the matter. Although no concrete plans have been announced, the conversation surrounding any potential action remains reportedly “fluid.”
The company is also considering partnerships with US-based companies, including asset manager BlackRock and decentralized finance (DeFi) platform World Liberty Financial (WLFI), which is linked to US President Donald Trump, to strengthen its footprint in the country.
Rumors of Binance’s return to the US began to circulate in October after Trump pardoned Zhao, fueled by speculation from crypto industry executives and comments that Zhao made on social media.
“Will do everything we can to help make America the capital of crypto and advance Web3 worldwide,” Zhao said in October after the pardon.
In June 2019, Binance announced that it would stop serving US customers, and a separate company, called Binance.US and operated by BAM Trading Services, was formed to provide regulatory-compliant services to US users.
In 2023, the US Securities and Exchange Commission alleged that Binance Holdings Ltd. operated both Binance.com and BAM Trading Services.
Binance.US does not feature crypto derivatives or access to the global Binance exchange’s liquidity and operates as a completely separate crypto exchange.
Cointelegraph reached out to Binance and Binance.US but did not receive a response by the time of publication.
The US is considered a key market for crypto exchanges and is ranked as the number two for global crypto adoption, according to Chainalysis’ 2025 Global Crypto Adoption Index. Expanding to the US would open up US liquidity to the world’s largest crypto exchange.
Binance claims the top spot among centralized crypto exchanges in terms of trading volume. Source: CoinGecko
Several US lawmakers voice opposition to the CZ pardon and the crypto industry
Trump’s pardon of Zhao in October drew backlash from several Democratic Party lawmakers in the US, including Massachusetts Senator Elizabeth Warren and California Congresswoman Maxine Waters.
Waters said the pardon was a form of pay-to-play and accused Trump of doing political favors for the crypto industry that “helped line his pockets.”
Warren, who is one of the most vocal critics of the crypto industry, also criticized the pardon, characterizing it as “corruption.”
The comments reflect pockets of resistance among some Democratic lawmakers to the crypto industry’s continued expansion in the US and could signal potential opposition to Binance returning to the US.
KuCoin announced an exclusive multiyear deal with Tomorrowland Winter and Tomorrowland Belgium from 2026 to 2028, making the exchange the music festival’s exclusive crypto and payments partner.
The move comes just weeks after KuCoin secured a Markets in Crypto-Assets Regulation (MiCA) service provider license in the European Union.
KuCoin’s MiCA play goes mass‑market
KuCoin EU Exchange recently obtained a crypto asset service provider license in Austria under the EU’s MiCA regime, giving it a fully regulated foothold in the bloc as Brussels’ new rulebook for exchanges, custody and stablecoins comes into force.
The Tomorrowland deal signals how KuCoin plans to use that status, not just to run a compliant trading venue, but to plug crypto rails directly into mainstream culture.
KuCoin joins forces with Tomorrowland. Source: KuCoin
KuCoin said the Tomorrowland deal will cover Tomorrowland Winter 2026 in Alpe d’Huez, France, and Tomorrowland Belgium 2026 in Boom, Belgium, with the same arrangement continuing through 2028.
KuCoin insists this is not just a logo play. A spokesperson at KuCoin told Cointelegraph that as an exclusive payments partner, the exchange is working with Tomorrowland to weave crypto into the festival’s existing payments stack so that “financial tools” sit behind the scenes of ticketing, merch and food and drink.
The stated goal is to keep the rails “intuitive and invisible,” rather than forcing festivalgoers through clunky wallets or unfamiliar flows, with KuCoin positioning itself as facilitating the secure and efficient movement of value while fans focus on the music.
The company declined to spell out exactly which assets and rails will be supported on‑site, or whether every purchase will run natively onchain, but said that KuCoin’s “Trust First. Trade Next.” mantra runs through its messaging.
The spokesperson stressed advanced security, multi‑layer protection and adherence to EU standards as the foundation for taking crypto beyond the trading screen and into live events.
Tomorrowland’s organizers have been here before. In 2022, the festival announced a Web3 partnership with FTX Europe that promised NFTs and “the future of music festivals” before collapsing along with the exchange itself months later.
That experience makes the choice of a MiCA‑licensed partner, and the emphasis on user protection, more than cosmetic; it is a second attempt at bridging culture and crypto (this time with regulatory scaffolding and clearer guardrails).
Rather than setting public hard targets for user numbers or payment volumes by 2028, KuCoin is pitching success as “seamless integration” of crypto into the festival experience:
“We aim to demonstrate that digital assets can be a core component of global digital finance, moving from a niche technology to a mainstream utility. “