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The treatment of Jess Phillips over recent days tells me all I need to know about the epidemic of misogyny, abuse and violence against women and girls that still plagues our culture.

The domestic violence campaigner-turned politician, who has spent her career fighting for victims, has found herself the subject of abuse on an industrial scale over the past week that has put her in danger.

In dark moments, it has left her wondering whether she should give up frontline politics for good and go back to the women’s hostels where her work with vulnerable women and girls began.

Outspoken and a women’s campaigner, Phillips has long been a lightning rod.

But when the world’s richest man, who owns a social media platform with 211m followers, starts trolling you as a “rape genocide apologist” – complicit in a what he claims is a cover-up of the most disgusting and sickening abuse – that’s a different order of attention, and danger.

This week, the female politician charged with trying to protect the actual victims of these unspeakable crimes became subject to an avalanche of abuse – and threats – herself.

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Abuse of me nothing compared to that of victims

It was undoubtedly horrific for Phillips, who tells me she felt physically sick and hunted as the tweets came raining down.

More on Jess Phillips

And, as everyone piled in with their outrage and indignation, where were the voices of the actual victims themselves?

It has been so vicious, noisy and fraught as the very serious matter of grooming gangs and the exploitation, rape and torture of young victims turned into a political battleground of finger pointing and point scoring.

Imagine for a moment you’re a victim of grooming, rape, or torture and you’re seeing your own trauma being bandied around. Let down once before, how might this furore feel for those victims now?

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Jess Phillips: Musk’s comments are ‘ridiculous’

The Conservatives are now calling for a national inquiry into grooming gangs.

Labour shout hypocrisy, but find themselves on the receiving end of an online movement criticising safeguarding minister Jess Phillips and Keir Starmer’s record as the country’s former chief prosecutor.

It prompted The Times’ investigative reporter Andrew Norfolk – who revealed the wide scale abuse of young white girls predominately by Asian men of Pakistani descent back in 2012 – to this week to defend Starmer, who he said had been instrumental in making more prosecutions possible.

He added that there was a “huge increase in convictions” when Starmer was Director of Public Prosecutions back in the early 2010s.

This is a scandal that has run for decades and was properly exposed by Norfolk, who’s reporting led to a string of independent inquiries, resignations, police investigations and successful prosecutions.

But it was re-ignited last week by a decision by Philips, revealed by GB News, not to hold a government-led inquiry of grooming gangs in Oldham.

This is because previous investigations, in towns including Telford, Rochdale and Rotherham, were all independent investigations led by the local authority.

That’s not to say Phillips doesn’t want a inquiry in Oldham – she’s encouraged the council leader to set one up. However, the evidence is clear that victims are more likely to come forward when it’s a local inquiry rather than a national one.

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Grooming gangs: A sky News investigation

But somehow this lit the touch paper for Elon Musk – a tech billionaire strong on tweeting, but light on knowledge of the actual situation in the UK – who launched an avalanche of claims over grooming.

He galvanised opposition politicians to call for action and created a storm that has brought movement from the government too.

This week, Labour committed to implementing some of the recommendations of the Jay Review into child sexual exploitation.

The Jay Review was published in 2022 under the Conservative government, but its suggestions were not enacted by the relevant ministers.

Read more:
Victims of grooming gangs can have inquiry if they want one, Jess Phillips says
What happened in the grooming gangs scandal?
Grooming gangs scandal timeline

Phillips is also setting up a victims’ board that will sit in the Home Office and advise and give feedback on changes that need to be made to get the truth and justice for victims.

There remain questions about whether there should be more? Reform and the Conservatives want a national inquiry into the specific question of grooming gangs – what is their prevalence, their root causes and the institutional failings that let tens of thousands of victims down?

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Sir Keir Starmer hits back at those who criticised his handling of child grooming gangs.

Andrew Norfolk, while stopping short of calling for a national public inquiry, does believe the root causes of grooming gangs have not been properly examined.

He believes they will never be fully stamped out until there’s proper research into what allowed these gangs to flourish.

In her 2022 report into child sexual exploitation, referencing her 2014 inquiry into grooming gangs in Rotherham, Professor Alexis Jay noted “the majority of perpetrators were described as ‘Asian’ by their victims, yet throughout the entire period, councillors didn’t engage directly with the Pakistani-heritage community to discussion how they could jointly address the issue”.

Norfolk, in The Times this week, puts it like this: “It is very difficult to talk about this stuff without being accused of being Islamophobic. That is not going to change.

“Why one very small sub-section of one minority ethnic community was so overwhelmingly, disproportionately responsible for these crimes – that is work that would be vital in bringing about understanding that could enable changes to take place.”

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Chief executive of The Survivors’ Trust, Fay Maxted says she wants to see action now.

Jess Phillips argues that another inquiry is not what is needed, pointing to the Jay Review, and a string of other independent investigations.

She tells me she wants to get on with getting justice for victims and stamping out sexual abuse.

“There is nothing I will not consider going forward,” she told me, be it prevention programmes, working on community relations, tackling peer-on-peer abuse. And, if the victims want it, a national inquiry.

More on this story:
Jess Phillips hits back at Elon Musk
Why is Musk so interested in UK politics?

You have probably read the headlines over recent days, and you might have felt battered by the noise.

You might be confused about what is going on as politicians trade blows in the Commons and Musk rants online.

You have perhaps read some of the court transcripts of historic cases circulating online that document crimes against young girls so disgusting and barbaric that it makes you want to weep.

That’s why on this week’s Electoral Dysfunction we try to take a step back and spend quite a bit of time talking to Jess Phillips about not just the events of the past few days, but the long shadow of grooming gangs and child abuse.

We talk about Phillips’ own feelings when those Musk tweets landed and what being in the eye of the storm meant for her safety. We talk about the criticisms levelled at her and the prime minister.

I ask her about accusations of cover-ups in order not to stoke racial tensions in local communities, why she doesn’t support a national inquiry and her frustrations at those in positions of authority – be it councillors, social workers, police officers – who failed to protect girls and still haven’t faced a reckoning.

After all the heat and noise, I hope it can offer a bit of explanation and a little light too.

You can listen to Beth’s full interview with Jess Phillips in a special episode of Electoral Dysfunction released on Thursday.

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US DOJ requests 20-year sentence for Celsius founder Alex Mashinsky

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US DOJ requests 20-year sentence for Celsius founder Alex Mashinsky

US DOJ requests 20-year sentence for Celsius founder Alex Mashinsky

Alex Mashinsky, the founder and former CEO of the now-defunct cryptocurrency lending platform Celsius, faces a 20-year prison sentence as the US Department of Justice (DOJ) is seeking a severe penalty for his fraudulent activity.

The US DOJ on April 28 filed the government’s sentencing memorandum against Mashinsky, recommending a 20-year prison sentence due to his fraudulent actions leading to multibillion-dollar losses by Celsius customers.

The 97-page memo mentioned that Celsius users were unable to access approximately $4.7 billion in crypto assets after the platform halted withdrawals on June 12, 2022.

“The Court should sentence Alexander Mashinsky to twenty years’ imprisonment as just punishment for his years-long campaign of lies and self-dealing that left in its wake billions in losses and thousands of victimized customers,” the DOJ stated.

Mashinsky’s personal benefit was $48 million

In addition to listing massive investor losses resulting from the Celsius fraud, the DOJ mentioned that Mashinsky has personally profited from the fraudulent schemes in his role.

As part of his plea in December 2024, Mashinsky admitted that he was the leader of the criminal activity at Celsius, that his crimes resulted in losses in excess of $550 million, and that he personally benefited more than $48 million, the authority said.

US DOJ requests 20-year sentence for Celsius founder Alex Mashinsky
An excerpt from the government’s sentencing memorandum against Celsius founder Alex Mashinsky. Source: CourtListener

The DOJ emphasized that Mashinsky’s guilty plea showed that his crimes were “not the product of negligence, naivete, or bad luck,” but rather the result of “deliberate, calculated decisions to lie, deceive, and steal in pursuit of personal fortune.”

This is a developing story, and further information will be added as it becomes available.

Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26

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Russian ruble stablecoin: Exec lists 7 ‘Tether replica’ features

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Russian ruble stablecoin: Exec lists 7 ‘Tether replica’ features

Russian ruble stablecoin: Exec lists 7 ‘Tether replica’ features

The concept of a Russian ruble stablecoin received special attention at a major local crypto event, the Blockchain Forum in Moscow, with key industry executives reflecting on some of the core features a ruble-backed stablecoin might require.

Sergey Mendeleev, founder of the digital settlement exchange Exved and inactive founder of the sanctioned Garantex exchange, put forward seven key criteria for a potential “replica of Tether” in a keynote at the Blockchain Forum on April 23.

Mendeleev said a potential ruble stablecoin must have untraceable transactions and allow transfers without Know Your Customer (KYC) checks.

However, because one of the criteria also requires the stablecoin to comply with Russian regulations, he expressed skepticism that such a product could emerge soon.

The DAI model praised 

Mendeleev proposed that a potential Russian “Tether replica” must be overcollateralized similarly to the Dai (DAI) stablecoin model, a decentralized algorithmic stablecoin that maintains its one-to-one peg with the US dollar using smart contracts.

“So, any person who buys it will understand that the contract is based on the assets that super-securitize it, not somewhere on some unknown accounts, but free to be checked by simple crypto methods,” he said.

Russian ruble stablecoin: Exec lists 7 ‘Tether replica’ features
Source: Cointelegraph

Another must-have feature should be excess liquidity on both centralized and decentralized exchanges, Mendeleev said, adding that users must be able to exchange the stablecoin at any time they need.

According to Mendeleev, a viable ruble-pegged stablecoin also needs to offer non-KYC transactions, so users are not required to pass their data to start using it.

“The Russian ruble stablecoin should have the opportunity where people use it without disclosing their data,” he stated.

Related: Russia’s central bank, finance ministry to launch crypto exchange

In the meantime, users should be able to earn interest on holding the stablecoin, Mendelev continued, adding that offering this feature is available via smart contracts.

Russia opts for centralization

Mendeleev also suggested that a potential Russian version of Tether’s USDt (USDT) would need to feature untraceable and cheap transactions, while its smart contracts should not enable blocks or freezes.

The final criterion is that a potential ruble stablecoin would have to be regulated in accordance with the Russian legislation, which currently doesn’t look promising, according to Mendeleev.

Russia, KYC, Fiat Money, Tether, Stablecoin, Policy
Sergey Mendeleev at the Blockchain Forum in Moscow. Source: Bits.Media

“Once we put these seven points together […] then it would be a real alternative, which would help us at least compete with the solutions that are currently on the market,” he stated at the conference, adding:

“Unfortunately, from the point of view of regulation, we are currently going in the absolutely opposite direction […] We are going in the direction of absolute centralization, not in the direction of liberalization of laws, but consolidation of prohibitions.”

Possible solutions

While the regulatory side is not looking good, a potential Russian version of USDT is technically feasible, Mendeleev told Cointelegraph.

“Except for anonymous transactions, everything is easy to implement and has already been deployed by several projects, but it’s just not unified in one project yet,” he said.

The crypto advocate specifically referred to interesting opportunities by projects like the ruble-pegged A7A5 stablecoin, unblockable contracts at DAI, and others.

Related: Russian crypto exchange Mosca raided amid cash-to-crypto ban talks

Regulation is necessary but not enough, Mendeleev said, adding that the most difficult part is the trust of users who must see the ruble stablecoin as a viable alternative to major alternatives like USDT.

Recent reports suggest that the deputy head of Russia’s Finance Ministry’s financial policy department urged the government to develop ruble stablecoins.

Elsewhere, the Bank of Russia has continued to progress its central bank digital currency project, the digital ruble. According to Finance Minister Anton Siluanov, the digital ruble is scheduled to be rolled out for commercial banks in the second half of 2025.

Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26

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Trump or Carney – will Starmer have to choose?

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Trump or Carney – will Starmer have to choose?

👉Listen to Politics at Sam and Anne’s on your podcast app👈

The morning political podcast which gives you all need for the day ahead in 20 minutes, usually with Sky News’ Sam Coates and Politico’s Anne McElvoy.

But, for this episode, Anne is somewhere over the Atlantic travelling back from the US so Sam is joined by Politico’s Tim Ross.

Mark Carney’s Liberal Party has won the Canadian election. It’ll give Keir Starmer a centre-left ally at G7 but how will the PM position himself now in the Trump-Carney standoff?

Elsewhere, with political leaders out and about in Bristol, Scunthorpe, South Cambridgeshire and Wiltshire – there are plenty of clues about the biggest target seats in the last 48 hours before local election voting.

To find lists of candidates in all the local elections, you can search here: https://www.electoralcommission.org.uk/i-am-a/voter/your-election-information

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