Sir Chris Wormald has been named as the new cabinet secretary and head of the civil service.
The 56-year-old, who will now advise the prime minister on key policy decisions, will replace Simon Case on 16 December after he announced he is stepping down for health reasons.
Sir Chris is currently permanent secretary at the Department of Health and Social Care, advising the health secretary on policy and managing the budget since 2016 – all through the COVID pandemic.
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Sir Keir Starmer, who gave final approval for Sir Chris, said he “brings a wealth of experience to this role at a critical moment in the work of change this new government has begun”.
The decision to promote Sir Chris is the biggest of Sir Keir’s premiership so far, with the civil servant having overseen large-scale reforms of several government departments – something that will have appealed to the PM.
The prime minister said his “mission-led” administration will change the way government serves the country, which “will require nothing less than the complete re-wiring of the British state to deliver bold and ambitious long-term reform”.
“Delivering this scale of change will require exceptional civil service leadership,” Sir Keir added.
“There could be no one better placed to drive forward our plan for change than Chris, and I look forward to working with him as we fulfil the mandate of this new government, improving the lives of working people and strengthening our country with a decade of national renewal.”
Sir Chris said he was “delighted” to be appointed to the “privileged role of leading our talented civil service”.
“The government has set a clear mandate – an ambitious agenda with working people at its heart. That will require each and every one of us to embrace the change agenda in how the British state operates,” he added.
“So I look forward to working with leaders across government, to ensure that the civil service has the skills they need to deliver across the breadth of the country.”
Professor Sir Chris Whitty, chief medical officer, will head up the Department for Health while a new permanent secretary is appointed.
Former Brexit negotiator Sir Olly Robins is understood to have been Sue Gray’s top pick for cabinet secretary. Pic: Reuters
Sir Chris Wormald beat other senior current and former civil servants to the job, advertised with a £200,000 salary.
The other contenders were: Sir Olly Robbins, a former director-general of the civil service who was involved in Brexit talks, Dame Antonia Romeo, permanent secretary at the Ministry of Justice, and Tamara Finkelstein, permanent secretary at the Department for Environment, Food and Rural Affairs.
Some within Whitehall believe Sir Chris was a “safe choice” compared with the other options.
Simon Case said he was stepping down as cabinet secretary after four years due to a neurological condition. Pic: PA
He steps into the shoes of Mr Case, 45, who was appointed in September 2020 and served four different prime ministers.
In an email to the civil service announcing his resignation in September, Mr Case said: “As many of you know, I have been undergoing medical treatment for a neurological condition over the last 18 months and, whilst the spirit remains willing, the body is not.
“It is a shame that I feel I have to spell this out, but my decision is solely to do with my health and nothing to do with anything else.”
Mr Case announced his resignation following a difficult few weeks for Downing Street during which damaging leaks and internal rows took over the narrative, with Sir Keir growing increasingly frustrated.
The top civil servant was said to have had a tense relationship with Sue Gray, Sir Keir’s former chief of staff who stepped down in October following accusations from some Labour figures about the party’s handling of ministers taking freebies.
Despite the ongoing market meltdown on US trade tariffs, executives at major cryptocurrency firms Messari and Sygnum are bullish on institutional Bitcoin adoption later in 2025.
Speaking on a panel at Paris Blockchain Week on April 8, Messari CEO Eric Turner and Sygnum Bank co-founder Thomas Eichenberger said they expect a significant shift in the banking sector’s involvement with crypto in the second half of the year.
According to the executives, the global banking push into Bitcoin (BTC) services has great potential to happen in the second half of 2025 as regulators embrace crypto, including stablecoins and crypto services by banks.
“I think we’re probably looking at a muted Q2, but I’m really excited for Q3 and Q4,” Messari’s Turner said during the panel discussion moderated by Cointelegraph CEO Yana Prikhodchenko, forecasting “really interesting” things coming to the crypto market in 2025.
Crypto adoption is not just about Trump
While some investors focus on the pro-crypto stance of US President Donald Trump, Turner emphasized that broader regulatory momentum is what matters most.
“When you look at the potential of having market structure regulation in the US, stablecoin regulation, and just the fact that across the board, not just President Trump himself, but the SEC and all these regulatory industries are really embracing crypto,” Turner said.
Paris Blockchain Week’s panel with Cointelegraph CEO Yana Prikhodchenko, Bancor co-founder Eyal Hertzog, Sygnum co-founder Thomas Eichenberger, Messari CEO Eric Turner, AWS fintech leader Alex Matsuo and Near chief operating officer Chris Donovan. Source: Cointelegraph
Sygnum co-founder Thomas Eichenberger said international banks with US branches are also poised to enter the market once the legal landscape becomes clearer:
“I think it’s a matter of fact that US banks are preparing to be able to offer crypto custody and at least crypto spot trading services anytime soon.”
“I think by then I would agree with you, Eric,” he continued, projecting a continued phase of market uncertainty until the US establishes a clear regulatory framework.
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Banks are no longer afraid of Bitcoin regulators
With the establishment of clear crypto rules for banks in the US, there will be a rush for crypto services by large international banks that are incorporated outside of the US but have a US-based presence, Eichenberger said.
“Some of them may have had their strategic plans in their cupboard to offer crypto-related services, but have been afraid that at some point they will be gone after by any of the US regulatory authorities,” he said, adding:
“Now I think there’s no one to be afraid of anymore in terms of regulatory authorities worldwide. So I think many of the large international banks will launch this year.”
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Global trade tensions triggered by US President Donald Trump’s sweeping tariff measures may come to an end with a potential deal with China as investors remain concerned about escalation from both sides.
Trump’s April 2 announcement of reciprocal import tariffs sent shockwaves through global equity and crypto markets. The measures include a 10% baseline tariff on all imported goods, effective April 5, with higher levies — such as a 34% tariff on Chinese imports — set to begin on April 9.
However, the tariff negotiations may only be “posturing” for the US to reach an agreement with China, according to Raoul Pal, founder and CEO of Global Macro Investor.
“In the end, almost all the other tariff negotiations and rhetoric are all about getting China to agree a deal,” Pal wrote in an April 8 X post, adding:
“That is the big prize and both China and the US understand it and need it. Everything else is negotiation posturing. China needs a weaker $ and the US needs tariffs.”
Source: Raoul Pal
“Also, the US is trying to shut down China tariff arbitrage using other channels such as Mexico or Vietnam,” Pal said.
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China retaliates with new tariffs
Considering China’s latest retaliatory measures, a resolution remains unlikely in the short term.
In response to US tariffs, China imposed a 34% tariff on all US imports effective April 10, media outlet Xinhua News reported on April 4. China’s foreign ministry also vowed to “fight till the end” against Trump’s tariffs, which it called “bullying” by the world’s largest economy.
China overtakes the US in global trade. Source: Econovis
China overtook the US in 2012 to become the world’s largest trading nation by the total value of exports and imports, surpassing $4 trillion in goods trade that year, according to The Guardian.
Crypto markets watch trade outcome closely
As the trade dispute continues to evolve, analysts say a potential agreement between the two global superpowers could serve as a key catalyst for recovery in digital asset markets.
Crypto markets have a 70% chance to bottom by June 2025 before recovering, Nansen analysts predicted.
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Investor appetite for risk assets such as Bitcoin will depend on the global tariff responses from other countries, according to Nicolai Sondergaard, a research analyst at Nansen.
“We have reached somewhat of a local bottom in regard to tariffs and the impact on prices,” the analyst said during Cointelegraph’s Chainreaction live show on X, adding:
“Trump came out guns blazing, and we’ve mostly seen the worst from the US side, so we’ll see if other countries are willing to drop some of the tariffs because it’s very likely the US will do the same.”
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A Nigerian court has reportedly delayed the country’s tax evasion case against Binance until April 30 to give time for Nigeria’s tax authority to respond to a request from the crypto exchange.
Reuters reported on April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court the same day to invalidate an order allowing for court documents to be served to the company via email.
Binance doesn’t have an office in Nigeria and Ikwuazom claimed the Federal Inland Revenue Service (FIRS) didn’t get court permission to serve court documents to Binance outside the country.
“On the whole the order for the substituted service as granted by the court on February 11, 2025 on Binance who is … registered under the laws of Cayman Islands and resident in Cayman Islands is improper and should be set aside,” he said.
FIRS sued Binance in February, claiming the exchange owed $2 billion in back taxes and should be made to pay $79.5 billion for damages to the local economy as its its operations allegedly destabilized the country’s currency, the naira, which Binance denies.
It also reportedly alleged that Binance is liable to pay corporate income tax in Nigeria, as it has a “significant economic presence” there, with FIRS requesting a court order for the exchange to pay income taxes for 2022 and 2023, plus a 10% annual penalty on unpaid amounts along with a nearly a 27% interest rate on the unpaid taxes.
Nigeria’s legal history with Binance
In February 2024, Nigeria arrested and detained Binance executives Tigran Gambaryan and Nadeem Anjarwalla on tax fraud and money laundering charges. The country dropped the tax charges against both in June and the remaining charge against Gambaryan in October.
Tigran Gambaryan (right) was seen in a September video struggling to walk into a courtroom in the Nigerian capital of Abuja. Source: X
Anjarwalla managed to slip his guards and escape Nigerian custody to Kenya in March last year and is apparently still at large.
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Gambaryan, a US citizen, returned home in October after reports suggested his health had deteriorated during his detainment with reported cases of pneumonia, malaria and a herniated spinal disc that may need surgery.
Binance stopped its naira currency deposits and withdrawals in March 2024, effectively leaving the Nigerian market.
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