Diane Abbott hits out at ‘level of racism still in Britain’ as MP is cheered by supporters at rally
Diane Abbott has appeared at a rally where she hit out at the “level of racism that is still in Britain”, following a row over comments made about her.
Ms Abbott was greeted in Hackney, east London, with cheers and chants of “I stand with Diane” after a Tory donor’s reported offensive remarks.
The former Labour MP praised the people of Hackney whom she said “stood by her – year after year, decade after decade”.
Diane Abbott. File pic: PA
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In the wake of the race row, she said: “This is not about me, this is about the level of racism that is still in Britain. This is about the way that black women are disrespected.”
The MP for Hackney and Stoke Newington, who was suspended from the parliamentary Labour Party last year, went on to say her mother came to Britain in the 1950s as a nurse.
“She was in that generation of black women who built the national health service,” she said.
Ms Abbott, who currently sits as an independent MP in the Commons, attended the rally days after comments by Tory donor Frank Hester emerged in The Guardian.
He reportedly said at a 2019 meeting that she made him “want to hate all black women” and that she “should be shot”.
Mr Hester, who is the chief executive of The Phoenix Partnership, said he was “deeply sorry” for the remarks, but insisted they had “nothing to do with her gender nor colour of skin”.
Frank Hester. Pic: PA/CHOGM Rwanda 2022
The Conservatives have faced pressure to return the money Mr Hester has donated to the party in the wake of the row, which is understood to total £15m since 2019.
There have also been calls among Ms Abbott’s supporters for her to be allowed back into the parliamentary Labour Party again by having the whip restored.
Read more:
Rayner wants Abbott back in parliamentary Labour Party
Ms Abbott had the Labour whip removed from her last year following comments she made in the Observer in which she said Jewish, Irish and Traveller people do not face “racism” but instead suffer prejudice similar to “redheads” – something for which she later apologised.
On Friday night, The Independent reported Ms Abbott had not had the whip restored because she refused to take part in antisemitism training – a claim she rejected as a “blatantly shoddy piece of journalism”.
The Labour Party has said it does not comment on individual cases.
The US Labor Department has officially rescinded guidance issued during the Biden administration that limited the inclusion of cryptocurrency in 401(k) retirement plans.
On May 28, the Labor Department revoked a 2022 guidance that had urged fiduciaries to be “extremely cautious” when considering cryptocurrency for 401(k) retirement plans. The move could give asset managers more flexibility to include digital assets in retirement investment options.
The government agency removed the guidance asserting that it represented a departure from the department’s “historically neutral, principled-based approach to fiduciary investment decisions.”
“We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not D.C. bureaucrats,” said US Secretary of Labor Lori Chavez-DeRemer.
The Labor Department under Biden criticized the practice of marketing cryptocurrencies to 401(k) participants. At the time, the agency claimed cryptocurrencies posed “significant risks and challenges” to participants’ retirement accounts due to their “speculative and volatile” nature and “valuation concerns,” among other reasons.
The American Banking Association (ABA) criticized the 2022 compliance release, claiming that it did not make the guidance available for public comment and review prior to issuance.
Related: Fidelity introduces retirement accounts with minimal-fee crypto investing
Trump administration shifts crypto landscape
President Trump has pledged to make the United States “the world capital of crypto” during his 2024 campaign.
Under his administration, the Securities and Exchange Commission has scaled back several enforcement actions and investigations involving Web3 companies such as Uniswap, Coinbase, and Kraken, while also engaging in policy discussions on topics like real-world asset tokenization and the regulatory status of certain tokens.
At the same time, some lawmakers have expressed concerns about Trump’s involvement in the crypto space, including calls for greater scrutiny of his associated ventures.
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Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve.
Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience:
“Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again because we were inspired by them.”
The announcement represents a significant departure from the government of Pakistan’s previous stance on cryptocurrencies, holding that crypto would never be legal in the country.
Pakistan’s shift reflects the broader trend of nation-states adopting pro-crypto policies following the regulatory shift in Washington, DC under the President Donald Trump administration.
Related: Pakistan appoints special assistant to PM on blockchain and crypto
United States Vice President JD Vance took the stage to deliver a keynote address at the Bitcoin 2025 conference in Las Vegas, Nevada, encouraging Bitcoiners to deepen their involvement in politics.
Vance highlighted the strategic and geopolitical importance of Bitcoin, emphasizing that the US should maintain leadership in the crypto industry to remain competitive in the age of digital finance. Vance told the audience:
“What happens in the world of politics, what happens in the world of bureaucracy, will affect even the most transformational and valuable technologies if we do not make the right decisions. The first thing that I would ask you, is to take the momentum of your political involvement in 2024 and carry it forward to 2026 and beyond.”
“Don’t ignore politics because I guarantee you, my friends, politics is not going to ignore this community, not now, and not in the future,” the vice president continued.
Bitcoin continues to gain institutional legitimacy and has been elevated to an asset class with macroeconomic and geopolitical importance. Market analysts and Bitcoin advocates warn that the global race to acquire BTC is underway between sovereign powers.
Related: Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’
Nation-state Bitcoin adoption
Bitcoin maximalists and market analysts argue that high-stakes game theory compels nation-states to adopt BTC due to the downside or opportunity cost of not adopting the scarce digital asset as sovereign competitors do.
This alleged nation-state’s fear of missing out (FOMO) was amplified by US President Donald Trump’s pro-crypto stance, including the creation of a Bitcoin strategic reserve and a crypto advisory council.
The regulatory shift in the United States prompted other governments to indicate a possible policy reset on cryptocurrencies and Bitcoin.
The government of India, for instance, is reconsidering its crypto policies in response to regulatory changes in the US. India’s economic affairs secretary, Ajay Seth, said that digital assets do not care about borders.
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