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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”.

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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.

More on Diane Abbott

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
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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.

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US crypto market structure legislation to advance in early 2026

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US crypto market structure legislation to advance in early 2026

The US Senate Banking Committee has postponed markup hearings on crypto market structure legislation until 2026, despite earlier hopes for a hearing this week. 

In a statement on Monday, a spokesperson for the Senate Banking Committee chair Tim Scott confirmed that they will not hold a market structure markup this year.

“Chairman Scott and the Senate Banking Committee have made strong progress with Democratic counterparts on bipartisan digital asset market structure legislation,” the spokesperson said.

They added from the outset, Chairman Scott has been clear that “this effort should be bipartisan.” 

“He has consistently and patiently engaged in good-faith discussions to produce a strong bipartisan product that provides clarity for the digital asset industry and also makes America the crypto capital of the world,” he added. 

“The Committee is continuing to negotiate and looks forward to a markup in early 2026.”

Midterm elections could further delay the process

The delay has disappointed some in the crypto industry, which had hoped for more substantial regulatory progress in 2025. 

“The Market Structure Bill has fallen apart on the markup phase in the Senate … Early 2026 may also be in jeopardy as well,” said crypto investor and researcher Paul Barron.

The legislation aims to clarify how the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) oversee crypto markets, with the latter designated as the primary spot market regulator. 

Related: Senator Lummis anticipates crypto market structure markup next week

Midterm elections are being held in 2026, during which all House and around 34 Senate seats will be contested. This can often delay or further complicate the passage of bipartisan legislation.

Spot crypto markets dip on Monday

It also remains unclear how quickly markup hearings will resume in 2026, as Congress will immediately focus on funding the federal government when it returns from its holiday break. The current funding bill expires on Jan. 30, so crypto legislation could be put on the back burner.

Crypto markets declined 3.6% as around $150 billion left the space in a matter of hours in late trading on Monday. Bitcoin (BTC) lost almost $5,000, dropping from just below $90,000 to just above $85,000, according to TradingView, and it has yet to recover. 

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