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The government is “working on operationalising” Rwanda flights, a minister has said – amid reports RAF planes could be used for the controversial deportation scheme.

Laura Trott did not deny a story in The Times newspaper which said migrants might have to be flown to the east African nation on RAF Voyagers because the Home Office has failed to find an airline willing to take them.

Politics Live: Rwanda plan back in Commons after more Lords defeats

Asked by Sky News who is going to fly asylum seekers to Rwanda, the Treasury minister pointed to comments on Tuesday made by her colleague Laura Farris, a Home Office minister, who said the government is “operationally close to being ready”.

Ms Trott added: “I think I’m going to say the same thing that she said yesterday to you, which is that we are working on operationalising this, but we’re not going to go into details of how we’re going to do that.”

Asked if RAF Voyagers will be used, she said: “We will be ready for flights to take off in the spring when the legislation passes.”

When it was pointed out that we are now heading towards May, she said: “There are many definitions of spring but we’re hoping to get them up and running as quickly as possible.”

The Voyager is the RAF’s only air-to-air tanker and can also be used as strategic air support.

According to The Times, Rishi Sunak is poised to release a fleet of these jets to be used for the deportation scheme.

The prime minister refused to comment on the report, telling broadcasters on Wednesday: Once on the statute books we will do everything we can do to get flights off to Rwanda.”

A government spokesperson said last night: “We make no apology for pursuing bold solutions to stop illegal migration, dismantle the people smuggling gangs and save lives.

“We have robust operational plans in place to get flights off the ground to Rwanda.”

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Sunak won’t give date for Rwanda flights

The scramble to find aircraft comes as the bill to revive the policy remains wrangled in parliamentary “ping pong” after the House of Lords gave it a fresh beating on Tuesday.

Downing Street wants to get the legislation – which declares Rwanda a safe country and stops appeals from asylum seekers being sent there on safety grounds – on the statute books this week.

The bill was brought forward after the Supreme Court ruled in November that the plan to send people on a one-way flight to Kigali was unlawful.

However, it has faced fierce opposition in the House of Lords, Peers have insisted on amendments which restore the jurisdiction of domestic courts in relation to the safety of Rwanda and enable them to intervene.

Peers also want the bill to have “due regard” for international and key domestic laws, including human rights and modern slavery legislation.

In addition, they have backed a requirement that Rwanda cannot be treated as a safe country until an independent monitoring body has verified that protections contained in the treaty are fully implemented and remain in place.

Their insistence on the safeguards, which MPs in the House of Commons has rejected, has resulted in the bill being stuck in a process dubbed as “ping pong”, when the two chambers battle out the legislation until an agreement on wording can be reached.

Read more:
A win on Rwanda won’t automatically translate into victory for Sunak

The latest government setbacks mean the proposed law will be debated again by MPs on Wednesday before once again being passed back to the Lords.

The Rwanda policy was first announced two years ago by the then prime minster Boris Johnson as a deterrent to Channel crossings.

Mr Sunak is under pressure to get it going before the upcoming general election, having staked his premiership on “stopping the boats”.

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US SEC’s Crenshaw takes aim at crypto in final weeks at the agency

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US SEC's Crenshaw takes aim at crypto in final weeks at the agency

SEC Commissioner Caroline Crenshaw, expected to leave the agency in less than a month, used one of her final public speaking engagements to address the regulator’s response to digital assets.

Speaking at a Brookings Institution event on Thursday, Crenshaw said standards at the SEC had “eroded” in the last year, with “markets [starting] to look like casinos,” and “chaos” as the agency dismissed many years-long enforcement cases, reduced civil penalties and filed fewer actions overall.

The commissioner, expected to depart in January after her term officially ended in June 2024, also criticized many crypto users and the agency’s response to the markets.

Cryptocurrencies, Politics, SEC, Policies, Enforcement
SEC Commissioner Caroline Crenshaw speaking at a Brookings Institution event on Thursday. Source: Brookings

“People invest in crypto because they see some others getting rich overnight,” said Crenshaw. “Less visible are the more common stories of people losing their shirts. One thing that consistently puzzles me about crypto is what are cryptocurrency prices based on? Many, but not all, crypto purchasers are not trading based on economic fundamentals.”

She added:

“I think it’s safe to say [crypto purchasers are] speculating, reacting to hysteria from promoters, feeding a desire to gamble, wash trading to push up prices, or, as one Nobel laureate has posited, ‘betting on the popularity of the politicians who support or stand to benefit from the success of crypto.’” 

In contrast to Crenshaw’s remarks, SEC Chair Paul Atkins, Commissioner Hester Peirce and Commissioner Mark Uyeda have all publicly expressed their support for the agency’s approach to digital assets and the Trump administration’s direction of policy.

Peirce and Atkins spoke at a Blockchain Association Policy Summit this week to discuss crypto regulation and a path forward on market structure under consideration in the Senate.

Related: Crypto industry fears ‘vehemently anti crypto’ Caroline Crenshaw SEC vote

During the Thursday event’s question-and-answer session, Crenshaw expanded on her views of crypto, stating that it was a “tiny piece of the market,” and suggested that the SEC focus on other regulatory concerns. In addition, she expressed concern that the agency was heading toward giving crypto companies an exception from policies that applied to traditional finance.

“I do worry that as the crypto rules are perhaps implemented, or perhaps we just put out more guidance […] where we say they are not securities, where we loosen the basic fundamentals of the securities laws so that they can operate in our system, but without any of the guardrails that we have in place. I do worry that that can lead to more significant market contagion,” said Crenshaw.

The final throes of bipartisan financial regulators under Trump?

The departure of Crenshaw would leave the SEC with three Republican commissioners, two of whom were nominated by US President Donald Trump. As of Thursday, Trump had not made any announcements signaling that he ever planned to nominate another Democrat to the SEC, and Crenshaw said the agency’s staff had been reduced by about 20% in the last year.