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“It’s a nightmare for everybody involved.”

That’s how former Labour adviser Ayesha Hazarika describes TV election debates.

“The amount of prep is phenomenal,” she told Sky’s Electoral Dysfunction podcast, adding that when she was working with former leader Ed Miliband on the 2015 campaign, preparation for the TV debates took “months and months”.

Former Scottish Conservatives leader Ruth Davidson told the podcast she would get her team to “rip her to shreds” with the most “unfair” and “personal” questions imaginable to ready herself for the live broadcasts.

Tonight, the Sky News Battle For Number 10 Leaders’ Special Event will see Rishi Sunak and Sir Keir Starmer face questions from political editor Beth Rigby and members of our audience in Grimsby.

Here we look at how they might be preparing – and the main dos and don’ts.

‘It’s not really about what you say’

Body language expert and business psychologist Paul Boross has years of experience preparing politicians for TV debates in several countries outside the UK.

He says viewers’ lasting impressions are rarely based on what they say.

“People are not listening to every word you’re saying. They’re watching you to get a sense of what kind of person you are,” he says.

“The public get really tired of politicians ‘banging on’ about the same thing. In the context of this election, I’m sure if they hear the word ‘plan’ again, they’ll feel like they’re going to scream.

“People are more concerned with the impression you make. As human beings, that’s the criteria we’re judging them on – whether we like and trust them.”

When preparing for head-to-head debates, the two men’s advisers will have their personal traits vivid in their minds – and look to “polish the good” and “eradicate the bad”, he adds.

What does that mean for Rishi Sunak?

Rishi Sunak during the ITV General Election debate at MediaCity in Salford.
Pic:ITV/PA
Image:
Pic:ITV/PA

Commenting on his performance at the first live TV debate, Mr Boross says: “He kept rising to the bait. He needs to sound in control and not as tetchy.”

He adds: “He also needs to find some sincerity. At the moment he seems a bit like he doesn’t care anymore – like he’s got enough money and he could just leave the country if he wanted to.”

And for Sir Keir Starmer?

Keir Starmer during the ITV General Election debate at MediaCity in Salford.
Pic:ITV/PA
Image:
Pic:ITV/PA

With Labour so far ahead of the Conservatives in the polls, Mr Boross says Sir Keir’s main aim should be to simply “avoid any big mistakes”.

But he adds: “He can seem a bit distant. He has to try and be less prosecutorial – and more human.”

He believes the key to displaying more “lightness” and “humanity” would be to use humour effectively.

Read more
Sunak and Starmer’s body language giveaways
Sunak: I’m not blind to people being frustrated with me
A history of TV debates

Outside of these individual quirks, there are a number of basic dos and don’ts the leaders can work on to prepare for tonight’s debate, according to Mr Boross.

Do…

Use people’s names

Saying a person’s name, whether they are the interviewer or an audience member, will create a “positive psychological impact” and make the interaction feel more “personal and meaningful”, Mr Boross says.

“Hearing your own name makes you feel valued and recognised.

“Good politicians repeat the name immediately when they answer the question – so they remember it initially – then repeat it throughout the conversation.”

Another way to establish a rapport with those in the room and at home is by mirroring the questioner’s language.

“Using the same language pattern as the person who asked you the question shows you’re listening and creates a bond of trust,” Mr Boross adds.

“Really good communicators always listen to what their audience is giving them and feed back in the same form – whereas bad communicators might answer a completely different question and end up alienating them.”

Members of the audience for the first head-to-head leaders debate in Salford. Pic: PA
Image:
Members of the audience for the first head-to-head leaders debate in Salford. Pic:ITV/PA

Keep eye contact

Speaking on Electoral Dysfunction, Ruth Davidson recalled former Liberal Democrat leader Nick Clegg’s tactic of regularly looking straight at the camera during the 2010 TV debates.

But Mr Boross says doing this too often can “feel a bit too much”.

“Completing ignoring the interviewer in favour of the TV camera would probably backfire,” he says.

Former Lib Dem leader Nick Clegg during a 2010 general election debate. Pic: PA
Image:
Former Lib Dem leader Nick Clegg during a 2010 general election debate. Pic: PA

Instead, leaders should keep their eyes “constantly engaged” with the person speaking to them – and only address the viewer for opening or closing statements.

Using rehearsals to decipher where the camera is and what the TV shot will look like is also worthwhile, he adds.

Expect things to go wrong – and use humour to recover

“Things are always going to go wrong,” Mr Boross says. “So I train everyone to anticipate how things might go wrong.”

This may take the form of an unexpected question, a heckler, or a physical blunder, but both humour and self-deprecation can help “change the tone”.

“Humour can win the day, because it can prick the bubble of pomposity with a bit of humanity,” Mr Boross says.

He uses the example of Green Party leader Carla Denyer, who during the second leaders’ debate waited for Labour’s Angela Rayner and Conservative Penny Mordaunt to stop arguing, before interjecting: “That was terribly dignified, wasn’t it?”

Green leader Carla Denyer (left) waits for Angela Rayner and Penny Mordaunt (right) to stop speaking. Pic: PA
Image:
Green leader Carla Denyer (left) waits for Angela Rayner and Penny Mordaunt (right) to stop speaking. Pic: PA

Don’t…

Talk over others

Talking over an opponent is often viewers’ biggest criticism during political debates – so waiting for others to finish speaking is an important thing to practice, Mr Boross says.

“It really irks people because it’s disrespectful – it smacks of rudeness and it’s childish.

“Psychologically we’re all considering what we’d do in that situation, and what would irritate us. So it’s better to wait and then kill them with your line.”

Speaking out of turn also suggests a lack of confidence, he adds.

Rishi Sunak and Keir Starmer during the ITV General Election debate at MediaCity in Salford.
Pic: ITV/PA
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Sir Keir Starmer addresses Rishi Sunak. Pic: ITV/PA

Stick to the podium

Although politicians often use podiums or lecterns to rest their notes on, Mr Boross suggests “getting away” from them as soon as practically possible.

“It hides your open body language, so subliminally people are asking what you’ve got to hide,” he says.

“Tony Blair used to always keep his hands up, which goes back to that Wild West concept of ‘I have no weapons… I have nothing to hide’.”

He adds that practicing moving to the side of the podium will not only make the leaders appear “more open and honest” it also proves they can speak fluently without notes.

Physical positioning is likely to be more important for Mr Sunak, Mr Boross says, whose smaller height means more of him is hidden by the podium.

Former Labour leader and PM Tony Blair during a Sky News debate in 2005. Pic: Reuters
Image:
Former Labour leader and PM Tony Blair during a Sky News debate in 2005. Pic: Reuters

Forget facial expressions

Rehearsing your physical reactions, including facial expressions and body language, is just as important as your answers, according to Mr Boross.

“Your face gives away so much, that if you let it slip, you’re in big trouble,” he warns.

With both leaders sometimes lacking in sincerity, he adds, visualising the people or things that mean most to them while they speak could be a useful tactic.

“I often ask people to think about what they really care about – and talk with that thing or person in their mind’s eye – because then their whole demeanour will change.”

The Battle For Number 10 Leaders Special Event, Wednesday 12 June 7pm-10pm on Sky News – free wherever you get your news.

Freeview channel 233, Sky 501, Virgin 603, BT 313 and streaming on the Sky News website, app and across social channels. It is also available to watch on Sky Showcase.

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SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit

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SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit

SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit

Braden John Karony, the CEO of crypto firm SafeMoon, has cited the US Department of Justice’s directive to no longer pursue some crypto charges in an effort to get the case against him and his firm dismissed. 

In an April 9 letter to New York federal court judge Eric Komitee, Karony’s attorney, Nicholas Smith, said the court should consider an April 7 memo from US Deputy Attorney General Todd Blanche that disbanded the DOJ’s crypto unit.

“The Department of Justice is not a digital assets regulator,” Blanche said in the memo, which added the DOJ “will no longer pursue litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets.”

Blanche also directed prosecutors not to charge violations of securities and commodities laws when the case would require the DOJ to determine if a digital asset is a security or commodity when charges such as wire fraud are available.

SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit

An excerpt of the letter Karony sent to Judge Komitee. Source: PACER

In the footnote of the letter, Karony’s counsel wrote an exemption to the DOJ’s new directive would be if the parties have an interest in defending that a crypto asset is a security, but added that “Karony does not have such an interest.”

The Justice Department and the Securities and Exchange Commission filed simultaneous charges of securities violations, wire fraud, and money laundering against Karony and other SafeMoon executives in November 2023.

The government alleged Karony, SafeMoon creator Kyle Nagy and chief technology officer Thomas Smith withdrew assets worth $200 million from the project and misappropriated investor funds. 

Another attempt to nix the case

The letter is Karony’s latest attempt to get the case thrown out. In February, he asked that his trial, scheduled to begin on March 31, be delayed as he argued President Donald Trump’s proposed crypto policies could potentially affect the case.

Related: OKX pleads guilty, pays $505M to settle DOJ charges

Later in February, Smith changed his plea to guilty and said he took part in the alleged $200 million crypto fraud scheme. Nagy is at large and is believed to be in Russia.

SafeMoon filed for bankruptcy in December 2023, a month after it was hit with twin cases from the SEC and DOJ. It was also hacked in March 2023, with the hacker agreeing to return 80% of the funds.

Magazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame

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Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

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Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins.  

Crypto transactions would be taxed at 18% with a 5% military levy on top as part of the proposed framework, released on April 8 by Ukraine’s National Securities and Stock Market Commission. 

NSSMC Chairman Ruslan Magomedov said in an April 8 statement that “the issue of crypto taxes is not a hypothesis, but a reality that is fast approaching.” 

He added that the agency created the framework to help lawmakers make an “informed resolution” by considering each suggestion’s advantages and disadvantages because “these aspects can have a critical impact on the market and tax liability.”

Under the NSSMC’s proposed crypto framework, a tax will be applied when crypto is cashed out for fiat currency or exchanged for goods or services. 

Crypto-to-crypto transactions wouldn’t be taxed, bringing Ukraine in line with other European countries, including Austria and France, as well as crypto-friendly jurisdictions like Singapore, the NSSMC said. 

The regulator says it “makes sense” to exclude stablecoins backed by foreign currencies or only apply a 5% or 9% tax because Ukraine’s tax code already excludes income from transactions in “foreign exchange values.” 

Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

A translated excerpt of the NSSMC’s report said stablecoins backed by foreign currencies could be exempt from taxation. Source: NSSMC

Mining, staking, hard forks and airdrops 

Other crypto-related activities, such as mining, staking and airdrops, are also addressed in the framework which floated a few options for taxation. 

The NSSMC said crypto mining is generally considered a business activity, but there might be a general tax-free limit for certain crypto transactions, including mining. 

Under the framework, staking could be considered as “business captive income” or only taxed if the crypto is cashed out for fiat currencies. While hard forks and airdrops could be taxed either as ordinary income or when the tokens are cashed. 

Related: Ukraine officials get training on crypto and virtual assets investigation

The regulator suggests a tax-free threshold could help “relieve the burden on small investors” and is common in other jurisdictions. 

Exemptions for donations, transfers between family members, and holders who keep their crypto for a set amount of time are also flagged as possibilities. However, the NSSMC says the exemption might not apply to non-custodial crypto wallets

Last December, Daniil Getmantsev, head of the tax committee of Ukraine’s parliament, said a draft bill to legalize cryptocurrencies was under review and expected to be finalized early this year. 

Ukrainian President Volodymyr Zelenskyy first signed a law establishing a legal framework for the country to operate a regulated crypto market in March 2022. 

Magazine: New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia Express

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21Shares files for spot Dogecoin ETF in the US

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21Shares files for spot Dogecoin ETF in the US

21Shares files for spot Dogecoin ETF in the US

Digital asset manager 21Shares has filed with the US Securities and Exchange Commission to launch a spot Dogecoin exchange-traded fund, following similar filings from rivals Bitwise and Grayscale.

The 21Shares Dogecoin ETF would seek to track the price of the memecoin Dogecoin (DOGE), according to the firm’s April 9 Form S-1 registration statement. The Dogecoin Foundation’s corporate arm, House of Doge, plans to assist 21Shares with marketing the fund.

21Shares said Coinbase Custody would be the proposed custodian of its Dogecoin ETF but did not specify a fee, ticker or what stock exchange it would list on.

21Shares files for spot Dogecoin ETF in the US

Source: James Seyffart

21Shares must also file a 19b-4 filing with the SEC to kickstart the regulator’s approval process for the fund. 

DOGE currently has a $24.2 billion market cap and is the eighth-largest cryptocurrency by value. It was created in 2013 as a joke and is a fork of Lucky Coin, which itself is a fork of Bitcoin.

21Shares’ proposed Dogecoin ETF is the company’s latest effort to expand its spot crypto ETF offerings, which currently includes only a spot Bitcoin (BTC) and Ether (ETH) fund.

The issuer also filed with the SEC in February to launch a spot Polkadot (DOT) ETF and last year, it filed to create a spot XRP (XRP) ETF.

Related: Dogecoin millionaires are buying dips as DOGE price eyes 30% rally

The recent surge in crypto ETF filings reflects a “spaghetti cannon approach” from issuers testing which products the new SEC leadership might approve, Bloomberg ETF analyst James Seyffart said in February.

“Issuers will try to launch many many different things and see what sticks,” Seyffart said.

Seyffart and fellow Bloomberg ETF analyst Eric Balchunas said in February that there is a 75% chance that the SEC will approve a spot Dogecoin ETF this year, while the betting platform Polymarket currently gives approval odds of 64%.

21Shares and House of Doge partner for DOGE funds in Switzerland

21Shares also said on April 9 that it partnered with House of Doge to launch a fully backed Dogecoin exchange-traded product on Switzerland’s SIX Swiss Exchange.

The 21Shares Dogecoin product will trade under the ticker “DOGE” with a 2.5% fee.

21Shares president Duncan Moir said that Dogecoin “has become more than a cryptocurrency: it represents a cultural and financial movement that continues to drive mainstream adoption, and DOGE offers investors a regulated avenue to be part of this exciting project.”

Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research

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