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Northern Ireland’s new first minister has told Sky News she “absolutely contests” the UK government’s claim that a referendum on Irish unity is decades away.

Sinn Fein‘s Michelle O’Neill, the first nationalist to occupy the office, described her elevation at Stormont as “a historic day, truly representing a new dawn”.

In a document, outlining the basis of the DUP‘s return to power-sharing, the UK government said it saw “no realistic prospect of a border poll”.

Ms O'Neill in the Great Hall at Stormont before being appointed first minister
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Ms O’Neill in the Great Hall at Stormont before being appointed first minister Pic: PA

But Ms O’Neill said: “I would absolutely contest what the British government have said in that document, in so far as my election to the post of first minister demonstrates the change that’s happening on this island.

“That’s a good thing. It’s a healthy thing because this change I think can benefit us all.

“I believe that we’re in the decade of opportunity and I believe, also equally, that we can do two things at once.

“We can have power-sharing, we can make it stable, we can work together every day in terms of public services, and whilst we also pursue our equally legitimate aspirations.

More on Michelle O’neill

“There are so many things that are changing. All the old norms, the nature of this state, the fact that a nationalist republican was never supposed to be first minister. That all speaks to the change,” she added.

Ms O’Neill grew up in the “murder triangle” in County Tyrone. Her father was an IRA prisoner and her cousin was shot dead by the SAS.

But having pledged to be a “first minister for all”, she broke with republican tradition by using the term “Northern Ireland” in her acceptance speech.

Read more:
Opinion – is a united Ireland within ‘touching distance’?

Why Northern Ireland’s new first minister is hugely symbolic
The impact of years without a government in Northern Ireland

“I’m somebody who wants to be a unifier. I’m somebody that wants to bring people together.

“We’ve had a difficult past, a turbulent past. A lot of harm was caused in the past and I think it’s so, so important that here in 2024, and we’ve just celebrated the anniversary of the Good Friday Agreement last year, that we very much look towards the future.

“I hope I can represent the future. I believe I can represent the future, as somebody who wants to work with all communities.

“I obviously am a republican, a proud republican, but I think it’s really, really important that I can look towards those people who identify as Irish republicans, but also those of a British identity and unionist identity and tell them that I respect their values, I respect their culture.”

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Michelle O’Neill sworn in as NI First Minister

Asked if her pledge meant she would consider attending a Protestant Orange Order march, she said: “I will consider every invitation that comes my way.

“I’m hoping that I get invitations. I want to step into ground that republicanism hasn’t stepped into before,” she added.

Education Secretary Gillian Keegan told Sunday Morning With Trevor Phillips she “definitely won’t speculate” on an Irish unification referendum taking place.

She added that it was “fantastic” to see Stormont “back up and running”.

Labour shadow culture minister Sir Chris Bryant said a vote on unity “may come at some point” – adding that he had congratulated Northern Ireland Secretary Chris Heaton-Harris for his work on restoring power-sharing.

Watch the full interview with Michelle O’Neill on Sunday Morning With Trevor Phillips on Sky News from 8.30am.

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Crypto industry, trade unions clash over multi-trillion dollar retirement funds

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Crypto industry, trade unions clash over multi-trillion dollar retirement funds

A growing rift has emerged in Washington, D.C., between the cryptocurrency industry and labor unions as lawmakers debate whether to ease rules allowing cryptocurrencies in 401(k) retirement accounts.

The dispute centers on proposed market structure legislation that would allow retirement accounts to gain exposure to crypto, a move labor groups say could expose workers to speculative risk. In a letter sent on Wednesday to the US Senate Banking Committee, the American Federation of Teachers argued that cryptocurrencies are too volatile for pension and retirement savings, warning that workers could face significant losses.

The letter drew immediate pushback from crypto investors and industry figures. “The American Federation of Teachers has somehow developed the most logically incoherent, least educated take one could possibly author on the matter of crypto market structure regulation,” a crypto investor said on X. 

Retirement, Pensions
The AFT letter to Congress opposes regulatory changes that would allow 401(k) retirement accounts to hold alternative assets, including cryptocurrency. Source: CNBC

In response to the letter, Castle Island Ventures partner Sean Judge said the bill would improve oversight and reduce systemic risk, while enabling pension funds to access an asset class that has delivered strong long-term returns.

Consensys attorney Bill Hughes said the AFT’s opposition to the crypto market structure bill was politically motivated, accusing the group of acting as an extension of Democratic lawmakers.

Retirement, Pensions
Funds held in US retirement accounts by type of account plan. Source: ICI

Related: Atkins says SEC has ‘enough authority’ to drive crypto rules forward in 2026

Opposition to crypto in retirement and pension funds mounts

Proponents of allowing crypto in retirement portfolios, on the other hand, argue that it democratizes finance, while trade unions have voiced strong opposition to relaxing current regulations, claiming that crypto is too risky for traditional retirement plans.

“Unregulated, risky currencies and investments are not where we should put pensions and retirement savings. The wild, wild west is not what we need, whether it’s crypto, AI, or social media,” AFT president Randi Weingarten said on Thursday. 

The AFT represents 1.8 million teachers and educational professionals in the US and is one of the largest teachers’ unions in the country.

According to Better Markets, a nonprofit and nonpartisan advocacy organization, cryptocurrencies are too volatile for traditional retirement portfolios, and their high volatility can create time-horizon mismatches for pension investors seeking a predictable, low-volatility retirement plan.

Retirement, Pensions
Bitcoin and Ether volatility compared to other asset classes and stock indexes. Source: US Federal Reserve

In October, the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) also wrote to Congress opposing provisions within the crypto market structure regulatory bill.

The AFL-CIO, the largest federation of trade unions in the US, wrote that cryptocurrencies are volatile and pose a systemic risk to pension funds and the broader financial system.

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