Badenoch hits back at Tory MP who said she’s ‘too preoccupied’ with her children to be party leader

Published

6 months ago

October 18, 2024

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Kemi Badenoch has hit back at a Tory MP’s suggestion that she can’t lead the party because she is too “preoccupied” with her children, saying “men have parental responsibilities too”.

Sir Christopher Chope, the Conservative MP for Christchurch, said earlier on Tuesday that he was supporting Robert Jenrick in the leadership race because he brought “more energy and commitment to the campaign”.

He went on to say: “As much as I like Kemi, she is preoccupied with her own children, quite understandably.”

Asked whether she could be both a mother and a party leader, Ms Badenoch told GB News: “Of course you can. I love my children. I have the most beautiful children in the world. I want to spend as much time with them as possible.

“I was able to be a great business secretary and trade secretary and equalities minister, effectively doing three jobs while balancing my home life.”

On what she would say to Sir Christopher, she said: “I might remind him that it isn’t always women who have parental responsibilities, men do too.”

Mother-of-three Ms Badenoch’s youngest child is five and her eldest is 12, while Mr Jenrick also has three children between the ages of eight and 13.

In the interview, with ITV News Meridian, Sir Christopher said: “Robert’s children are a bit older, and I think it’s important that whoever leads the opposition has got an immense amount of time and energy.”

He rejected that he meant mothers with young children can’t lead political parties, telling the broadcaster: “I’m not saying that at all – I was one of Margaret Thatcher’s staunchest supporters.

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“What gives me the concern is that I understand from colleagues that Kemi spends a lot of time with her family which I don’t resent at all… but the consequence of it is you can’t spend all your time with your family at the same time as being leader of the opposition.

“You could argue that Margaret Thatcher’s family suffered as a result of the commitment and dedication which she gave to leading our country. It’s a perfectly fair point.”

Sir Christopher’s comments have sparked a backlash from within the Tory party, including from Mr Jenrick himself.

Speaking to GB News, which hosted a leadership event this evening, the former immigration minister said: “He was wrong. He was definitely wrong.

“Kemi and I both have three children. She’s a great Mum. I’d like to think I’m a great Dad.”

Shadow health secretary Victoria Atkins posted on X: “This is the 2020s, not the 1950s. All working mums and dads juggle family, career and general life.

“That one of our final two impressive candidates also happens to be a mum reflects the modern Conservative Party and modern life. Here’s to all working mums.”

And Nickie Aitken, the former MP for Cities of London and Westminster, wrote: “I was 7 months pregnant and with a toddler in tow when first elected a councillor in 2006.

“During their childhoods I became a council leader and MP. Like all working mums, political or otherwise, I juggled and made it work with my husband. Chope’s comments just show what a dinosaur he really is.”

Sir Christopher’s comments are reminiscent of the 2016 Tory leadership campaign, when Andrea Leadsom, then an energy minister, suggested in an interview she would make a better party leader and prime minister than Theresa May because she was a mother and had “a very real stake” in the UK’s future.

Ms Leadsom later apologised to her opponent and withdrew from the race, leaving Mrs May unopposed. The now Baroness May went on to lead the party and was prime minister from 2016 to 2019.

Ms Badenoch and Mr Jenrick are the final two candidates vying to replace Rishi Sunak as Conservative leader after James Cleverly, the candidate from the centre, was knocked out of the contest last week.

The party membership vote will close at 5pm on Thursday 31 October and the winner will be announced on Saturday 2 November.

Politics

Solana’s Loopscale pauses lending after $5.8M hack

Published

4 hours ago

April 26, 2025

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<div>Solana's Loopscale pauses lending after .8M hack</div>

Solana decentralized finance (DeFi) protocol Loopscale has temporarily halted its lending markets after suffering an approximately $5.8 million exploit.

On April 26, a hacker siphoned approximately 5.7 million USDC (USDC) and 1200 Solana (SOL) from the lending protocol after taking out a “series of undercollateralized loans”, Loopscale co-founder Mary Gooneratne said in an X post.

The exploit only impacted Loopscale’s USDC and SOL vaults and the losses represent around 12% of Loopscale’s total value locked (TVL), Gooneratne added.

Loopscale is “working to resume repayment functionality as soon as possible to mitigate unforeseen liquidations,” its said in an X post.

“Our team is fully mobilized to investigate, recover funds, and ensure users are protected,” Gooneratne said.

Solana's Loopscale pauses lending after $5.8M hack — *Loopscale’s ‘Genesis’ lending vaults. Source: Loopscale*

In the first quarter of 2025, hackers stole more than $1.6 billion worth of crypto from exchanges and on-chain smart contracts, blockchain security firm PeckShield said in an April report.

More than 90% of those losses are attributable to a $1.5 billion attack on ByBit, a centralized cryptocurrency exchange, by North Korean hacking outfit Lazarus Group.

Unique DeFi lending model

Launched on April 10 after a six-month closed beta, Loopscale is a DeFi lending protocol designed to enhance capital efficiency by directly matching lenders and borrowers.

It also supports specialized lending markets, such as “structured credit, receivables financing, and undercollateralized lending,” Loopscale said in an April announcement shared with Cointelegraph.

Loopscale’s order book model distinguishes it from DeFi lending peers such as Aave that aggregate cryptocurrency deposits into liquidity pools.

Loopscale’s main USDC and SOL vaults yield APRs exceeding 5% and 10%, respectively. It also supports lending markets for tokens such as JitoSOL and BONK (BONK) and looping strategies for upwards of 40 different token pairs.

The DeFi protocol has approximately $40 million in TVL and has attracted upwards of 7,000 lenders, according to researcher OurNetwork.

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Politics

US Senator calls for Trump impeachment, cites memecoin dinner

Published

8 hours ago

April 26, 2025

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US Senator calls for Trump impeachment, cites memecoin dinner

United States Senator Jon Ossoff expressed support for impeaching President Donald Trump during an April 25 town hall, citing the President’s plan to host a private dinner for top Official Trump memecoin holders.

“I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” said Ossoff, a Democrat, according to a report by NBC News.

“When the sitting president of the United States is selling access for what are effectively payments directly to him. There is no question that that rises to the level of an impeachable offense.”

Senator Ossoff said he “strongly” supports impeachment proceedings during a town hall in the state of Georgia, where he is running for reelection to the Senate.

The Senator added that an impeachment is unlikely unless the Democratic Party gains control of Congress during the US midterm elections in 2026. Trump’s own Republican Party currently has a majority in both the House of Representatives and the Senate.

Conflicts of interest

On April 23, the Official Trump (TRUMP) memecoin’s website announced plans for Trump to host an exclusive dinner at his Washington, DC golf club with the top 220 TRUMP holders.

The website subsequently posted a leaderboard tracking top TRUMP wallets and a link to register for the event. The TRUMP token’s price has gained more than 50% since the announcement, according to data from CoinMarketCap.

The specific guest list is unclear, but the memecoin’s website states that applicants must pass a background check, “can not be from a [Know Your Customer] watchlist country,” and cannot bring any additional guests.

On April 25, the team behind TRUMP denied social media rumors that TRUMP holders need at least $300,000 to participate in an upcoming dinner with the president.

“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating. Instead, you should only be going off the leaderboard,” they wrote.

Law, Politics, Senate, Donald Trump, trumpcoin, Memecoin — *The TRUMP token jumped on news of the private dinner plans. Source:* *CoinMarketCap*

Legal experts told Cointelegraph that Trump’s cryptocurrency ventures, including the TRUMP memecoin and Trump-affiliated decentralized finance (DeFi) protocol World Liberty Financial, raise significant concerns about potential conflicts of interest.

“Within just a couple of days of him taking office, he’s signed a number of executive orders that are significantly going to affect the way that our crypto and digital assets industry works,” Charlyn Ho of law firm Rikka told Cointelegraph in February.

“So if he has a personal pecuniary benefit arising from his own policies, that’s a conflict of interest.”

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Politics

Crypto sentiment recovers, but weekend liquidity risks remain

Published

10 hours ago

April 26, 2025

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Crypto sentiment recovers, but weekend liquidity risks remain

Crypto investor sentiment has seen a significant recovery from global tariff concerns, but analysts warn that the market’s structural weaknesses may still result in downside momentum during periods of weekend illiquidity.

Risk appetite appeared to return among crypto investors this week after US President Donald Trump adopted a softer tone, saying that import tariffs on Chinese goods may “come down substantially.”

However, the improved investor sentiment “does not guarantee that Bitcoin will avoid volatility over the weekend,” analysts from Bitfinex exchange told Cointelegraph:

“Sentiment improvements reduce fragility, but they do not eliminate structural risks like thin weekend liquidity.”

“Historically, weekends remain vulnerable to sharp moves — especially when open interest is high and market depth is low,” the analysts said, adding that unexpected macroeconomic news can still increase volatility during low liquidity periods.

Bitcoin (BTC) staged a near 11% recovery during the past week, but its rally has previously been limited by Sunday liquidity dynamics.

Bitcoin fell below $75,000 on Sunday, April 6, despite initially decoupling from the US stock market’s $3.5 trillion drop on April 4 after US Federal Reserve Chair Jerome Powell warned that Trump’s tariffs may affect the economy and raise inflation.

The correction was exacerbated by the lack of weekend liquidity and the fact that Bitcoin was the only large liquid asset available for de-risking, industry watchers told Cointelegraph.

“While improved sentiment creates a more stable foundation, cryptocurrency markets are still susceptible to rapid movements during periods of reduced trading volume,” according to Marcin Kazmierczak, co-founder and chief operating officer of RedStone blockchain oracle firm.

“The sentiment recovery provides some cushioning, but traders should remain cautious as weekend liquidity constraints can still amplify price movements regardless of the current market mood,” he told Cointelegraph.

Crypto investors may have “maxed out on tariff-related fears”

Cryptocurrency markets may have priced in the full extent of tariff-related concerns, according to Aurelie Barthere, principal research analyst at crypto intelligence platform Nansen.

“It feels like we’ve maxed out on tariff-related fear,” she told Cointelegraph, adding:

“While many remain uncertain about where things are headed over the next month or so, it also seems like markets were just waiting for the slightest signal that we’re back in the game.”

“Whether the rally is sustainable depends on whether we can break through previous resistance levels, at least in isolation. It could have legs, as markets now seem to believe there’s a ‘Trump put’ under equities, the US dollar and US Treasurys,” Barthere added, warning of more potential volatility amid the upcoming negotiations.

Nansen previously predicted a 70% chance that crypto markets will bottom and start a recovery by June, but highlighted that the timing will depend on the outcome of tariff negotiations.

The tariff negotiations may only be “posturing” for the US to reach a trade agreement with China, which may be the “big prize” for Trump’s administration, according to Raoul Pal, founder and CEO of Global Macro Investor.