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A Tory student group has apologised after a video reportedly showed its members singing and dancing to a Nazi marching song.

The clip, taken at a chairman’s dinner at the University of Warwick Conservatives Association two weeks ago, shows people singing Erika – a song that was used by the armed forces of Nazi Germany.

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The Sunday Times, which obtained the footage, said it shows several members of the association dancing and laughing as the song plays on the sound system.

The footage ends after one member sees the camera and says: “Don’t film!”, according to the newspaper.

In a statement, the University of Warwick Conservatives Association said it “wholeheartedly condemns the behaviour exhibited during this video and apologises for any offence that has been caused”.

It said most of those in the video “were completely unaware of the origins and connotations of the song”, but the member who asked for the song to be played would no longer be welcome at its events.

The association said a person heard “actively singing lyrics” was not a member but “has been barred from future events along with others”.

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However, it rejected allegations of being a “toxic society” that “normalises racism”.

The association said its members have “consistently campaigned against antisemitism on campus, including campaigning to disaffiliate Warwick Student’s Union from the National Union of Students over its failure to deal with antisemitism”.

“Our members have also worked hard to ensure the Students Union commemorates Holocaust Memorial Day in a fitting way,” it added.

“We are proud of these efforts and will continue to stand against discrimination.”

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The Union of Jewish Students called the video “utterly abhorrent” and a “blatant and unchallenged support for Nazism”, as it called on the Tory Party to take action.

A spokesperson for the Conservative Party said the student group was not affiliated to it.

“There is no place for racism in the Conservative Party and we will always ensure appropriate action is taken against any member who acts in ways that are not in accordance with our values of tolerance and respect,” the spokesperson added.

A spokesperson for Warwick University said: “We have been made aware of this video and the allegations surrounding it, which are extremely troubling.

“Behaviour like this is reprehensible and we are disappointed to see our students involved.

“The university is reviewing the material disclosed to us via our reporting service and has notified the Student’s Union.

“We have requested a meeting with the Jewish Society to assist with our review.”

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Crypto self-custody is a fundamental right, says SEC’s Hester Peirce

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Crypto self-custody is a fundamental right, says SEC's Hester Peirce

Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions.

“I’m a freedom maximalist,” Peirce told The Rollup podcast on Friday, while saying that self-custody of assets is a fundamental human right. She added:

“Why should I have to be forced to go through someone else to hold my assets? It baffles me that in this country, which is so premised on freedom, that would even be an issue — of course, people can hold their own assets.”

Privacy, SEC, Freedom, United States, Self Custody, Bitcoin Adoption, ETF
SEC commissioner Hester Peirce discusses the right to self-custody and financial privacy. Source: The Rollup

Peirce added that online financial privacy should be the standard. “It has become the presumption that if you want to keep your transactions private, you’re doing something wrong, but it should be exactly the opposite presumption,” she said.

The comments came as the Digital Asset Market Structure Clarity Act, a crypto market structure bill that includes provisions for self-custody, anti-money laundering(AML) regulations, and asset taxonomy, is delayed until 2026, according to Senator Tim Scott.

Related: SEC to hold privacy and financial surveillance roundtable in December

Exchange-traded funds (ETFs) challenge Bitcoin’s self-custody ethos

Many large Bitcoin (BTC) whales and long-term holders are pivoting from self-custody to ETFs to reap the tax benefits and hassle-free management of owning crypto in an investment vehicle.

“We are witnessing the first decline in self-custodied Bitcoin in 15 years,” Dr. Martin Hiesboeck, the head of research at crypto exchange Uphold, said.