Obituary: The political titan that was former first minister of Scotland Alex Salmond

Published

6 months ago

October 13, 2024

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Alex Salmond has died at the age of 69.

Love or loathe Mr Salmond – who was described as a “Marmite man” during his high-profile court case – few would dispute his skill and achievements as a politician.

Under the leadership of the keen golfer and horse racing fan, the SNP rose to power and became a titan party north of the border.

Some would argue if it were not for the political talent of Mr Salmond, there would have been no Scottish independence referendum at all in 2014.

As the tributes flood in following his death, we take a look at the man who was once first minister of Scotland.

Mr Salmond was first elected to Westminster in 1987 as the SNP MP for Banff and Buchan – a position he retained until 2010.

In 1990, he successfully defeated Margaret Ewing in the SNP leadership contest and would go on to campaign for Scottish devolution in 1997.

In 1999, after the establishment of the Scottish Parliament as a result of devolution, he led his party through the first Scottish parliament election and became MSP for Banff and Buchan as well as leader of the opposition – with Labour in power.

A year later, Mr Salmond quit as SNP leader amid a series of high-profile fallouts with party members and was replaced by current first minister John Swinney.

In 2001, he then stood down from Holyrood in order to lead the SNP group at Westminster.

Following a disastrous 2004 European parliament election for the SNP, Mr Swinney stepped aside as party leader with Mr Salmond re-elected with overwhelming support from the party’s members.

Following a highly effective campaign in the 2007 Scottish election, the SNP gained 20 seats, giving the party a total of 47 seats in Holyrood – one more than Scottish Labour.

Although the party didn’t have an overall majority, new Gordon MSP Mr Salmond became first minister of Scotland in 2007.

In the 2011 Scottish elections, the SNP secured the first outright majority in the history of the Scottish parliament, and Mr Salmond won a second term as first minister while MSP for the new constituency of Aberdeenshire East.

In 2012, Mr Salmond signed an agreement with then British prime minister David Cameron to hold a referendum on Scottish independence in 2014.

The historic event – which would have seen Scotland break away from the rest of the UK – took place on 18 September 2014 and saw more than two million people (55.3%) vote No and 1.6 million (44.7%) vote Yes.

Following the defeat, Mr Salmond stepped down as first minister and SNP leader and was replaced by Nicola Sturgeon.

In an interview with Sky News to mark the 10th anniversary of the independence referendum, Mr Salmond said he started to write his concession speech when the first result was declared.

Mr Salmond returned to the Commons as MP for Gordon in the 2015 general election but was ousted in the 2017 election by Conservative Colin Clark.

The loss marked the first time since 1987 that Mr Salmond was not in an elected position at either Westminster or Holyrood.

Mr Salmond would go on to launch The Alex Salmond Show on RT, the former Russia Today channel editorially controlled and funded by the Russian government.

Mr Salmond was criticised by Scottish politicians over the decision to host it on RT, with Ms Sturgeon saying she would have advised against it.

The show, which also featured Mr Salmond’s protege Tasmina Ahmed-Sheikh, was suspended following the 2022 Russian invasion of Ukraine.

Not to be stopped, a new show titled Scotland Speaks with Alex Salmond launched a year later via Turkish public broadcaster TRT. The first episode featured an interview with Hollywood actor Brian Cox.

Before that, however, Mr Salmond resigned from the SNP in August 2018 in the face of allegations of sexual misconduct while first minister.

Mr Salmond said he wanted to avoid internal division within the party amid calls to suspend him.

Denying any wrongdoing, Mr Salmond vowed to re-join the SNP once he had an opportunity to clear his name.

Mr Salmond went on to take the Scottish government to court to challenge the complaints procedure which had been activated against him.

The investigation was deemed by a judicial review to have been “tainted by apparent bias”, with Mr Salmond awarded £512,000 as a result.

In January 2019, Mr Salmond was arrested by Police Scotland and charged with 14 offences, including two counts of attempted rape, nine sexual assaults, two indecent assaults, and one breach of the peace.

In March 2020, Mr Salmond was cleared of all charges. A jury found him not guilty of 12 charges, one charge was dropped by prosecutors during the trial, while another charge was found not proven.

During a procedural hearing of the case, reporting of which was banned until the end of the trial, Mr Salmond’s defence team claimed the Scottish government and those working there turned to the criminal process to try to “discredit” him after he won the civil case into how the administration handled sexual harassment complaints against him.

Details heard during the trial were devastating to Mr Salmond’s public image, with allegations of bullying and demanding behaviour.

Defence advocate Gordon Jackson KC put it to the court that Mr Salmond was a “touchy-feely kind of person”.

Jurors heard details of inappropriate behaviour, including Mr Salmond admitting that he had a “sleepy cuddle” with one complainer and sexual contact with two complainers, neither of them his wife, Moira.

In his closing speech, Mr Jackson described his client as a “Marmite man” as well as someone who “could have been a better man”.

Two subsequent inquiries into the conduct of ministers and officials saw Mr Salmond asserting his belief that many in his former party had colluded against him in an effort to block any final return to frontline politics.

After being cleared, Mr Salmond vowed that evidence of a plot to discredit him would “see the light of day”.

While once great friends, the sexual harassment allegations and subsequent court case led to the breakdown of Mr Salmond and Ms Sturgeon’s relationship.

Mr Salmond did not return to the SNP and instead launched rival Alba Party in 2021.

He has often been critical of his successors, Ms Sturgeon, Humza Yousaf and Mr Swinney.

When Ms Sturgeon quit as first minister in 2023, Mr Salmond told Sky News that the SNP had “no obvious successor”.

While speaking during an Edinburgh Fringe event later that year, Mr Salmond refused to rule out a reconciliation with Ms Sturgeon and said it would be “sad” if they remained on poor terms.

Despite not achieving his dream, Mr Salmond never wavered in his belief that Scotland would be better as an independent country.

In one of his final interviews with Sky News, he said: “I don’t say that Scotland would be a land of milk and honey, but we would be a land of oil, gas and renewables and that would stand us in good stead.”

Politics

SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

Published

4 hours ago

April 2, 2025

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

The US Securities and Exchange Commission and crypto exchange Gemini have asked to pause the regulator’s suit over the exchange’s Gemini Earn program, saying they want to discuss a potential resolution.

In an April 1 letter to New York federal court judge Edgardo Ramos, lawyers representing the SEC and Genesis requested a 60-day hold on the case and that all deadlines be pulled “to allow the parties to explore a potential resolution.”

“In this case, the parties submit that it is in each of their interests to stay this matter while they consider a potential resolution and agree that no party or non-party would be prejudiced by a stay,” the letter states.

The lawyers added that a stay was in the court’s interest as “a resolution would conserve judicial resources” and proposed that a joint status report be submitted within 60 days after the entry of the stay.

The SEC sued Gemini and crypto lending firm Genesis Global Capital in January 2023, alleging they offered unregistered securities through the Gemini Earn program.

In March 2024, Genesis agreed to pay $21 million to settle charges related to the lending program, but the enforcement case against Gemini remains outstanding.

The letter did not specify what a possible resolution would entail, but the SEC has dropped several lawsuits it launched against crypto companies under the Biden administration, including against Coinbase, Ripple and Kraken.

In February, Gemini said the SEC closed a separate investigation into the firm as the regulator winds back its crypto enforcement under President Donald Trump.

“The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation. Of course, Gemini is not alone,” Gemini co-founder Cameron Winklevoss said at the time.

OpenSea, Crypto.com and Uniswap, among others, have also recently reported that the SEC had closed similar probes into their companies that were investigating alleged breaches of securities laws.

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

Politics

Crypto PAC-backed Republicans win US House seats in Florida special elections

Published

5 hours ago

April 2, 2025

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Crypto PAC-backed Republicans win US House seats in Florida special elections

Two Republicans who received a combined $1.5 million from the crypto-backed political action committee (PAC) Fairshake will enter the US House after winning special elections in Florida.

Republican Jimmy Patronis won the vacant seat in Florida’s 1st Congressional District to replace Matt Gaetz, taking 57% of the vote to defeat Democrat Gay Valimont, according to AP News data.

Randy Fine also took Florida’s 6th Congressional District with 56.7% of the vote to beat his Democratic rival, public school teacher Josh Weil, and fill a seat left vacant by Mike Waltz, who took a job as White House national security adviser.

Florida’s 1st and 6th Congressional Districts — located in Florida’s western panhandle and along the state’s northeast coast — have been controlled by Republicans for roughly 30 years, but their lead has narrowed in recent years.

Fairshake, a PAC backed by crypto industry giants including Coinbase, Ripple and Andreessen Horowitz, gave Fine around $1.16 million in advertising spending and funneled $347,000 to Patronis to support his campaign.

Both Republicans have expressed support for the crypto industry, with Fine stating in a Jan. 14 X post that “Floridians want crypto innovation!”

Fairshake and its affiliates poured around $170 million into the 2024 US presidential and congressional elections to back candidates who committed to supporting the crypto industry.

The wins by Patronis and Fine increased Republican representation in the House to 220 seats, with the Democrats holding 213 seats.

There are two vacant seats to be filled after Texas and Arizona Democrats Sylvester Turner and Raúl Grijalva died on March 5 and March 13, respectively.

Florida can expect to see a crypto-friendly regulatory environment

The victories for Patronis and Fine likely mean that crypto legislation will continue to see support in the US capital.

The Republican Party would have maintained its House majority even if it lost both seats in Florida, but it would have made it more difficult for some of the recently introduced Republican-backed crypto bills to pass through the House and Senate.

At the Digital Assets Summit on March 18, Democratic Congressman Ro Khanna said he believes Congress “should be able to get” both a stablecoin and crypto market structure bill done this year.

Bills that could eventually make their way to the House include the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which passed the Senate Banking Committee in an 18-6 vote on March 13.

Senator Cynthia Lummis also reintroduced a Bitcoin reserve bill about a week after the Trump administration announced the establishment of a Strategic Bitcoin Reserve on March 6, with the legislation referred to the Senate Banking Committee on March 11.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

Politics

UK trade bodies ask government to make crypto a ‘strategic priority’

Published

6 hours ago

April 2, 2025

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UK trade bodies ask government to make crypto a ‘strategic priority’

Several British trade associations have asked Prime Minister Keir Starmer’s office to appoint a special envoy dedicated to crypto and for a dedicated action plan for digital assets and blockchain technology.

In a March 31 letter, the coalition of six UK digital economy trade bodies urged Starmer’s special adviser on business and investment, Varun Chandra, for a “greater strategic focus and alignment to deliver investment, growth and jobs” for the crypto industry.

The group, which consisted of the UK Cryptoasset Business Council, Global Digital Finance, The Payments Association, Digital Currencies Governance Group, the Crypto Council for Innovation and techUK, noted the US policy shift on crypto under President Donald Trump and his appointment of a crypto czar.

Britain’s commitment to an economic trade deal focused on technological cooperation with the US “presents a significant opportunity to mirror the United States’ ambition in fostering leadership in blockchain, digital assets, and other emerging financial technologies,” the letter stated.

The group recommended that the UK appoint a blockchain special envoy, similar to the US, to coordinate policy, foster innovation, and position the country competitively in global markets.

The trade bodies also called for the development of a dedicated government action plan for crypto and blockchain technology, including a concierge service to attract high-potential firms.

They added that the government should acknowledge and leverage the commonalities between blockchain, quantum computing and artificial intelligence technologies, including potential applications for government services.

Another recommendation was to create a high-level industry-government-regulator engagement forum to ensure informed decision-making and cross-sector collaboration.

“With deep pools of talent, access to capital, world-class academic institutions, and sophisticated regulators, the UK provides an environment where digital assets and blockchain innovation can thrive,” they stated.

The coalition argues that crypto and blockchain technology could boost the UK economy by 57 billion British pounds ($73.6 billion) over the next decade, with the sector potentially increasing global gross domestic product by 1.39 trillion pounds ($1.8 trillion) by 2030.

Tom Griffiths, the co-founder and managing partner of crypto compliance advisory firm BitCompli, said in response to the letter on LinkedIn that the Financial Conduct Authority “has a lot of talent and a good sight of future plans, but the UK is definitely losing pace with Dubai, Singapore, and other EU jurisdictions.”

“Now is the time for the FCA to act, or the UK will lose out on this huge opportunity, which is digital assets and all the benefits this sector can bring, not only now but over the next 20 years,” he added.

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29