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Firearms officers on trial over police shootings will not be named during criminal proceedings, the home secretary has announced.

Yvette Cooper announced a review into the accountability of firearms officers and confidence in policing after police marksman Martyn Blake was cleared by a jury on Monday of the murder of Chris Kaba in Streatham, south London, in September 2022.

Mr Blake, 40, fired a single bullet through the windscreen of the Audi Q8 that 24-year-old Kaba was driving as armed officers surrounded the car while he tried to escape.

The Metropolitan Police firearms officer was named for the first time in March this year as a judge lifted an anonymity order after media organisations challenged the legal application to protect his identity.

Before that, he had been known by the codename NX121 after threats were made against him, and he is reportedly now living in hiding, fearing for his life and his family after a £10,000 bounty was offered in revenge for Kaba’s death to anyone prepared to kill him.

Ms Cooper said officers will now remain anonymous until they are convicted and said the ruling will be part of an upcoming crime and policing bill.

She told the House of Commons: “When officers act in the most dangerous situations on behalf of the state it is vital that those officers and their families are not put in further danger during any subsequent legal proceedings, so we will therefore introduce a presumption of anonymity for firearms officers subject to criminal trial following a police shooting in the course of their professional duties, up to the point of conviction.”

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Yvette Cooper
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Yvette Cooper

Ms Cooper said Kaba’s death and the trial of Mr Blake were held against “a backdrop of fallen community confidence in policing and the criminal justice system across the country”.

There is “lower confidence among black communities”, she said.

The home secretary acknowledged Kaba’s parents and family “continue to experience deep grief and distress” and said it is “imperative that the jury’s verdict is respected” as she called for Mr Blake and his family to be “given the time and space…to recover from what must have been an immensely difficult experience”.

Read more:
Why did Chris Kaba’s killer stand trial?

Chris Kaba was ‘core member’ of gang and ‘gunman in nightclub shooting’ days before death

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Chris Kaba was linked to a shooting in a club

She also announced:

• Statutory footing for the Independent Office of Police Conduct’s (IOPC) victims’ right to review scheme

• The threshold for referral of police officers to the Crown Prosecution Service (CPS) to be same as when police refer cases involving members of the public – currently it is lower for police

• The IOPC will be allowed to send cases to the CPs where there is sufficient evidence to do so, instead of having to wait for a final investigation report

• The director of public prosecutions will review CPS guidance on charging police officers for offences committed while on duty

• The College of Policing will be asked to establish a database of “lessons learned” where deaths or serious injury has happened after police contact or pursuits

• Police officers found guilty of “certain criminal offences” will be automatically found to have committed gross misconduct and will be “promptly” dismissed if they fail vetting

• Officers will be suspended if they are under investigation for domestic abuse or sexual offences.

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Crypto industry, trade unions clash over multi-trillion dollar retirement funds

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Crypto industry, trade unions clash over multi-trillion dollar retirement funds

A growing rift has emerged in Washington, D.C., between the cryptocurrency industry and labor unions as lawmakers debate whether to ease rules allowing cryptocurrencies in 401(k) retirement accounts.

The dispute centers on proposed market structure legislation that would allow retirement accounts to gain exposure to crypto, a move labor groups say could expose workers to speculative risk. In a letter sent on Wednesday to the US Senate Banking Committee, the American Federation of Teachers argued that cryptocurrencies are too volatile for pension and retirement savings, warning that workers could face significant losses.

The letter drew immediate pushback from crypto investors and industry figures. “The American Federation of Teachers has somehow developed the most logically incoherent, least educated take one could possibly author on the matter of crypto market structure regulation,” a crypto investor said on X. 

Retirement, Pensions
The AFT letter to Congress opposes regulatory changes that would allow 401(k) retirement accounts to hold alternative assets, including cryptocurrency. Source: CNBC

In response to the letter, Castle Island Ventures partner Sean Judge said the bill would improve oversight and reduce systemic risk, while enabling pension funds to access an asset class that has delivered strong long-term returns.

Consensys attorney Bill Hughes said the AFT’s opposition to the crypto market structure bill was politically motivated, accusing the group of acting as an extension of Democratic lawmakers.

Retirement, Pensions
Funds held in US retirement accounts by type of account plan. Source: ICI

Related: Atkins says SEC has ‘enough authority’ to drive crypto rules forward in 2026

Opposition to crypto in retirement and pension funds mounts

Proponents of allowing crypto in retirement portfolios, on the other hand, argue that it democratizes finance, while trade unions have voiced strong opposition to relaxing current regulations, claiming that crypto is too risky for traditional retirement plans.

“Unregulated, risky currencies and investments are not where we should put pensions and retirement savings. The wild, wild west is not what we need, whether it’s crypto, AI, or social media,” AFT president Randi Weingarten said on Thursday. 

The AFT represents 1.8 million teachers and educational professionals in the US and is one of the largest teachers’ unions in the country.

According to Better Markets, a nonprofit and nonpartisan advocacy organization, cryptocurrencies are too volatile for traditional retirement portfolios, and their high volatility can create time-horizon mismatches for pension investors seeking a predictable, low-volatility retirement plan.

Retirement, Pensions
Bitcoin and Ether volatility compared to other asset classes and stock indexes. Source: US Federal Reserve

In October, the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) also wrote to Congress opposing provisions within the crypto market structure regulatory bill.

The AFL-CIO, the largest federation of trade unions in the US, wrote that cryptocurrencies are volatile and pose a systemic risk to pension funds and the broader financial system.

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