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Sir Keir Starmer has insisted his relationship with Donald Trump has not been jeopardised after the Republican candidate’s team accused Labour of “blatant foreign interference” in the US election.

The prime minister said on Tuesday he had “established a good relationship” with Mr Trump despite the Trump campaign filing a legal complaint against Labour officials travelling to the US to volunteer for Kamala Harris in the tightly fought presidential race.

The complaint, filed with the independent Federal Election Commission, alleged that the volunteering by Labour Party members, coupled with reports of contact between senior Labour operatives and the Harris campaign, amounted to “illegal foreign campaign contributions and interference” to help Mr Trump’s Democrat rival in the US presidential election.

Sir Keir sought to downplay the row and role Labour Party activists were playing in the US election as he travelled to Samoa for the annual Commonwealth heads of government summit.

Speaking to reporters on the 28-hour flight over, the PM stressed Labour Party members were going over as volunteers rather than on the Labour Party books.

“The Labour Party has volunteers, who have gone over pretty much every election,” he said.

“They’re doing it in their spare time, they’re doing it as volunteers, they’re staying, I think, with other volunteers over there. That’s what they’ve done in previous elections, that’s what they’re doing in this election and that’s really straightforward.”

Donald Trump. Pic: AP
Image:
Pic: AP

The Labour Party has insisted it is not funding the travel or accommodation for activists. Federal election rules stipulate foreign volunteers can’t spend more than $1,000 (£770) helping candidates.

However, in filing the complaint, Mr Trump’s legal team cited media reports that Labour Party officials, including the prime minister’s chief of staff Morgan McSweeney and Matthew Doyle, Downing Street’s director of communications, had travelled to the US in recent months to advise the Harris campaign.

The Trump team also cited a now-deleted LinkedIn post by Sofia Patel, director of operations for Labour, that suggested the party could be paying accommodation costs for activists, with the post stating “we will sort out your housing”.

“Those searching for foreign interference in our elections need to look no further than [the] LinkedIn post,” said the letter from Trump campaign lawyer Gary Lawkowski. “The interference is occurring in plain sight.”

Mr Trump’s lawyers say such support breaches US campaign finance laws, as they count as contributions from foreign actors, and they demanded an “immediate investigation” into what they called “blatant foreign interference” in the election.

Read more:
Harris prepared to challenge Trump if he prematurely declares victory
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Starmer’s first 100 days explained

Starmer and Trump ‘established a good relationship’

The prime minister argued the row would not jeopardise his relationship with Mr Trump should the Republican candidate win the election, insisting the pair had “established a good relationship” when they dined at Trump Tower together last month.

Sir Keir said: “I spent time in New York with President Trump, had dinner with him, and my purpose in doing that was to make sure that between the two of us we established a good relationship, which we did, and we’re grateful for him for making the time for that dinner.

“We had a good, constructive discussion and of course, as prime minister of the United Kingdom I will work with whoever the American people return as their president in their elections, which are very close now.”

The tensions between the ruling Labour Party and possible next US president come as the prime minister travels to the Commonwealth Heads of Government Meeting (CHOGM) on the Pacific island of Samoa this week, where he hopes to discuss trade opportunities ahead of next week’s historic budget.

His team back in Downing Street and the Treasury are putting the finishing touches on, in the words of one insider, an “unprecedented” budget that looks to bridge a shortfall of £40bn.

To plug the gap, the prime minister and Chancellor Rachel Reeves, who insisted ahead of the election they had “no plans” to raise taxes beyond what was laid out in the manifesto, are now rolling the pitch for a mix of big tax increases and spending cuts.

With such big stakes back home, coupled with a difficult run for a prime minister beset by rows over freebies and dysfunction in Number 10, one former adviser wondered aloud to me this week whether Sir Keir was spending too much time overseas when he should be focused on the domestic agenda back home and resetting his missions more clearly with the public.

However, he and his team defended the prime minister’s decision to travel to CHOGM a week before the budget, arguing these summits help to reset Britain’s relations in the world and drive trade.

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‘Difficult choices’ in Reeves’ budget

One of his staffers noted the 56 Commonwealth nations’ economies are set to be worth $19.5trn (£15trn) by 2027 and these are markets worth tapping into.

But it is true too the leaders of the biggest Commonwealth economies are not in attendance.

Fellow G7 leader Justin Trudeau of Canada is not making the long trip to Samoa, while India’s Prime Minister Narendra Modi and South African President Cyril Ramaphosa are in Kazan as Russian President Vladimir Putin plays host to 36 world leaders at a BRICS (Brazil, Russia, India, China and South Africa) summit.

Pressure over question of reparations

Meanwhile, the prime minister is also under pressure from some Labour MPs and Caribbean governments over reparations for countries affected by slavery and colonialism.

While Sir Keir is clear he doesn’t plan to engage in this discussion at the summit, it is nevertheless rising up the agenda.

This week, the Commonwealth will select a new secretary general and all three candidates vying to replace Patricia Scotland, the former Labour cabinet minister who’s been in post since 2016, have called for reparations for countries affected by slavery and colonialism.

But as the first sitting British prime minister to visit a Pacific island in a formal capacity, the prime minister will want to make the case his is, to quote one staffer, a “once in a generation opportunity” to harness the Commonwealth.

With tensions back home over the budget and the man who could be the next president of the United States, unity this week with old allies is what he needs.

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Binance mulls new US strategy, CZ potentially reducing stake: Report

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Binance mulls new US strategy, CZ potentially reducing stake: Report

Binance, the world’s largest cryptocurrency exchange by trading volume, is considering a strategic reshuffling to strengthen its presence in the US market, a move that could see Binance co-founder Changpeng “CZ” Zhao’s majority stake in the company reduced.

Zhao’s controlling stake in Binance has been a “major hurdle” to the company expanding to strategically critical US states, according to Bloomberg, citing people familiar with the matter. Although no concrete plans have been announced, the conversation surrounding any potential action remains reportedly “fluid.” 

The company is also considering partnerships with US-based companies, including asset manager BlackRock and decentralized finance (DeFi) platform World Liberty Financial (WLFI), which is linked to US President Donald Trump, to strengthen its footprint in the country.

Rumors of Binance’s return to the US began to circulate in October after Trump pardoned Zhao, fueled by speculation from crypto industry executives and comments that Zhao made on social media.

“Will do everything we can to help make America the capital of crypto and advance Web3 worldwide,” Zhao said in October after the pardon.

Changpeng Zhao, United States, Binance
Source: CZ

In June 2019, Binance announced that it would stop serving US customers, and a separate company, called Binance.US and operated by BAM Trading Services, was formed to provide regulatory-compliant services to US users. 

In 2023, the US Securities and Exchange Commission alleged that Binance Holdings Ltd. operated both Binance.com and BAM Trading Services.

Binance.US does not feature crypto derivatives or access to the global Binance exchange’s liquidity and operates as a completely separate crypto exchange.

Cointelegraph reached out to Binance and Binance.US but did not receive a response by the time of publication.

The US is considered a key market for crypto exchanges and is ranked as the number two for global crypto adoption, according to Chainalysis’ 2025 Global Crypto Adoption Index. Expanding to the US would open up US liquidity to the world’s largest crypto exchange.

Changpeng Zhao, United States, Binance
Binance claims the top spot among centralized crypto exchanges in terms of trading volume. Source: CoinGecko

Related: Binance names co-founder Yi He co-CEO alongside Richard Teng

Several US lawmakers voice opposition to the CZ pardon and the crypto industry

Trump’s pardon of Zhao in October drew backlash from several Democratic Party lawmakers in the US, including Massachusetts Senator Elizabeth Warren and California Congresswoman Maxine Waters.

Waters said the pardon was a form of pay-to-play and accused Trump of doing political favors for the crypto industry that “helped line his pockets.”

Warren, who is one of the most vocal critics of the crypto industry, also criticized the pardon, characterizing it as “corruption.”  

The comments reflect pockets of resistance among some Democratic lawmakers to the crypto industry’s continued expansion in the US and could signal potential opposition to Binance returning to the US.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom