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Sir Keir Starmer has said 24,000 people who “have no right to be here” have been returned since Labour took power as he opened the government’s border security summit.

The prime minister said it was the “highest return rate for eight years”.

Politics latest: UK has been ‘soft touch on migration’, says Starmer

Since Labour took office last July, 29,884 people have been detected crossing the Channel on 542 small boats.

A total of 6,642 people crossed between 1 January to 30 March this year – a 43% increase on the same time last year, when the Conservatives were in power.

Crossings this year passed 5,000 on 21 March, a record compared with the previous seven years since the first crossings in 2018 – and 24% higher than 2024, and 36% higher than 2023.

Interior ministers and law enforcement from more than 40 countries, including the US, Iraq, Vietnam and France, are at the summit at Lancaster House in central London.

Meta, X and TikTok representatives are also there to discuss how to tackle the online promotion of illegal migration.

Sir Keir told the gathering he was “angry” about the scale of illegal immigration around the world as he said it was a “massive driver of global insecurity”.

“The truth is, we can only smash these gangs once and for all if we work together,” he said.

“Because this evil trade, it exploits the cracks between our institutions. It pits nations against one another. It profits from our inability at the political level to come together.”

He said people smuggling should be treated as a global security threat similar to terrorism.

“None of these strategies, as you know, are a silver bullet. I know that,” he told the summit.

“But each of them is another tool, an arsenal that we’re building up to smash the gangs once and for all.”

Analysis: Stop the boats, stop Reform UK


Photo of Mhari Aurora

Mhari Aurora

Political correspondent

@MhariAurora

In a speech at the organised immigration crime summit, Sir Keir Starmer pointedly told global delegates there is nothing progressive or compassionate about turning a blind eye to people smuggling.

This is as much a direct challenge to other nations as it is to those in his party who may be uncomfortable with talk of cracking down on illegal migration and making it harder to claim asylum in the UK.

In an effort to front up to the problem, the PM and home secretary both outlined the deep complexities involved in stopping the boats; interrupting supply chains, financial sanctions on gangs and blocking social media content advertising routes to the UK.

Labour’s message? Bear with us, this is harder than it looks.

But, with public patience wearing dangerously thin on small boats crossings after endless promises from Labour and the Conservatives, and with record numbers crossing the Channel – a 43% rise on this time last year – the prime minister knows he has very little time to persuade the public he can deliver.

Senior government sources tell me they are far more worried about Reform UK denting their vote share than they are about the Conservatives – and the PM’s message today indicates just that.

In his speech, Sir Keir twice cited what he called the unfairness of illegal migration: driving down working people’s wages, terms and conditions, and putting valuable public services under strain.

This shift in tone, directly juxtaposing working people with migrants, feels like a subtle yet significant tilt to voters who may be tempted by Nigel Farage’s rhetoric on migration.

However, we may begin to see some Labour MPs fidgeting in their seats as it is sure to make some of them a little uncomfortable.

Sir Keir appears to be marching up the hill the Tories died on. So will this all too familiar hike prove fatal, or will he succeed where Rishi Sunak failed?

And if Sir Keir does succeed and manages to make a significant dent in the number of small boat crossings before the next general election, Reform may not prove to be as lethal an opponent as first thought.

UK has been a ‘soft touch on migration’

The prime minister criticised the previous Conservative government for allowing illegal migration to soar, saying: “For too long the UK has been a soft touch on migration.”

He said a lack of co-ordination between the police and intelligence agencies had been an “open invitation” for people smugglers to send migrants to the UK.

Read more:
Government looking at countries to process asylum seekers in
Bosses who fail to check staff immigration status may face jail

Keir Starmer and Yvette Cooper at the Organised Immigration Crime Summit.
Pic: PA
Image:
Sir Keir Starmer and Yvette Cooper at the summit. Pic: PA

Cooper reveals small boats gang tactics

Home Secretary Yvette Cooper also spoke at the event, where she revealed some of the horrifying tactics used by gangs smuggling people over to the UK in small boats.

She said they place women and children in the middle of the flimsy rigid inflatable boats (RIBs), and when they collapse due to overcrowding, they fold in and crush them.

“All of your countries will have different stories of the way in which the gangs are exploiting people into sexual exploitation, into slave labour, into crime, the way in which the gangs are using new technology,” she said.

She said they were not just using phones and social media to organise crossings, but also drones to spot border patrols.

“It is governments and not gangs who should be deciding who enters our country,” she said.

Sir Keir also hosted a roundtable discussion joined by border security and asylum minister Dame Angela Eagle, Border Security Commander Martin Hewitt and Home Office, Border Force and National Crime Agency officials.

Keir Starmer leads a roundtable discussion at the Border Security Summit.
Pic: Reuters
Image:
The PM led a roundtable discussion with UK law enforcement and ministers. Pic: Reuters

Ministers ‘disappointed’ in small boat numbers

Before the summit, Dame Angela told Wilfred Frost on Sky News Breakfast ministers were “disappointed” in the number of small boat crossings in recent months.

She said one reason was more people were being packed into each boat. She also said smuggler gangs have been allowed to grow “very sophisticated” global networks over many years.

Earlier, Ms Cooper announced £30m funding for “high impact operations” by the Border Security Command (BSC) to tackle supply chains, illicit finances and trafficking routes across Europe, the Western Balkans, Asia and Africa.

An additional £3m will be given to the Crown Prosecution Service (CPS) to increase its capacity to prosecute organised international smugglers and to support the BSC to pursue and arrest those responsible for people smuggling operations.

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Australian regulator asks High Court to allow appeal in Block Earner case

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Australian regulator asks High Court to allow appeal in Block Earner case

Australian regulator asks High Court to allow appeal in Block Earner case

Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is not a financial product.

The Australian Securities and Investment Commission said on May 21 that it wants to ask the High Court of Australia to clarify what the definition of a financial product is and clarify the circumstances when an interest-earning product and the conversion of assets from one form to another are regulated.

“The definition of financial product was drafted in a broad and technology-neutral way, and ASIC believes it is in the public interest to clarify this,” the watchdog said.

“This clarification is important as it applies to all financial products and services whether they involve crypto-assets or not.”

On April 22, Federal Court Justices David O’Callaghan, Wendy Abraham and Catherine Button found that Block Earner’s crypto-linked fixed-yield earning product is not a financial product, a managed investment scheme or a derivative under the Corporations Act.

ASIC said the court will consider its application. Special leave is required in an appeal to the High Court, and it’s only granted in cases where it would answer significant legal questions or matters of public interest.

A Block Earner spokesperson told Cointelegraph the matter has now escalated to a “broader legal question” around the definition of a financial product, which extends “well beyond Block Earner, and the crypto sector.” 

“We believe the Full Federal Court’s April ruling was a strong and well-reasoned decision that upheld the integrity of our operations,” the spokesperson said. “We remain confident in the soundness of that judgment and will respond to ASIC’s application through the appropriate legal channels.” 

Legal saga ongoing since 2022

ASIC first launched legal proceedings against Block Earner in November 2022, arguing the company needed a financial services license to offer its yield product, which was available from March 17, 2022, until the company shut it down on Nov. 16, 2022.

Related: Australia outlines crypto regulation plan, promises action on debanking

Australian regulator asks High Court to allow appeal in Block Earner case
ASIC was arguing Block Earner needed a financial services license to offer its crypto-linked fixed-yield earning product. Source: ASIC

In February 2024, an Australian court initially ruled the fintech firm would need a financial services license to operate its crypto yield-bearing products

Another June 2024 ruling in Australia’s Federal Court released Block Earner from any financial penalties because it had “acted honestly” and pursued its legal opinions before launching the products, which ASIC appealed.

Block Earner appealed the Federal Court’s decision that it needed a financial services license on July 9, 2024. 

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

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VanEck to launch Avalanche ecosystem fund

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VanEck to launch Avalanche ecosystem fund

VanEck to launch Avalanche ecosystem fund

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph.

The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence. 

Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said.

The fund will be managed by the team behind VanEck’s Digital Assets Alpha Fund (DAAF), which oversees more than $100 million in net assets as of May 21. 

“The next wave of value in crypto will come from real businesses, not more infrastructure,” Pranav Kanade, portfolio manager for DAAF, said in a statement.

VanEck to launch Avalanche ecosystem fund
RWAs are among crypto’s fastest-growing segments. Source: RWA.xyz

Related: Tokenized stocks could top $1T in market cap — Execs

Thematic crypto funds

VanEck’s PurposeBuilt Fund is the latest in a series of funds from the asset manager and rivals designed to offer exposure to projects and companies in fast-growing segments of Web3. 

On May 14, VanEck launched a new actively managed exchange-traded fund (ETF) to invest in stocks and financial instruments providing exposure to the digital economy.

In April, VanEck launched another ETF investing in a passive index of companies operating in the crypto space. 

Asset managers such as VanEck are requesting the US Securities and Exchange Commission’s (SEC) permission to list upward of 70 crypto ETFs. 

The wave of ETF filings is in response to US President Donald Trump softening the agency’s regulatory stance toward crypto after Trump took office in January.

VanEck to launch Avalanche ecosystem fund
Avalanche TVL as of May 21. Source: DefiLlama

Avalanche RWA ecosystem

Avalanche has emerged as a hub for real-world assets (RWAs) and other institutional-oriented crypto projects.

Its interrelated networks, called subnets, allow institutions to run Ethereum-style smart contracts in a controlled environment. On May 16, Solv Protocol launched a yield-bearing Bitcoin token on the Avalanche blockchain, targeting institutional investors

Avalanche has around $1.5 billion in total value locked (TVL) as of May 21, according to data from DefiLlama. 

“We’re seeing a shift away from speculative hype toward real utility and sustainable token economies,” John Nahas, chief business officer at Ava Labs, said in a statement.

Magazine: Danger signs for Bitcoin as retail abandons it to institutions — Sky Wee

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US lawmaker reintroduces bill amid pushback on Trump’s crypto ties

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<div>US lawmaker reintroduces bill amid pushback on Trump's crypto ties</div>

<div>US lawmaker reintroduces bill amid pushback on Trump's crypto ties</div>

A Democratic representative in the US Congress will support a blockchain bill at a time when many left-leaning lawmakers are blocking crypto-related pieces of legislation due to concerns with President Donald Trump’s potential conflicts of interest.

In a May 21 notice, Minnesota Representative Tom Emmer said he had reintroduced the Blockchain Regulatory Certainty Act, a bill that “solidifies that digital asset developers and service providers that do not custody consumer funds are not money transmitters.”Emmer, a Republican, said Democratic Representative Ritchie Torres would co-lead the bill, making it a bipartisan effort in Congress.

“The Blockchain Regulatory Certainty Act reflects a thoughtful, bipartisan effort to get digital asset policy right,” said Torres. “While similar language was voted down in markup last Congress, we took that feedback seriously and returned with a smarter, sharper framework that protects innovation without compromising oversight.”

Cryptocurrencies, Law, Politics, Congress
Reintroducing the Blockchain Regulatory Certainty Act on May 21. Source: Tom Emmer

Representatives of advocacy organizations, including the Crypto Council for Innovation, Solana Policy Institute, Digital Chamber, Coin Center, DeFi Education Fund and Blockchain Association, said they would support the proposed blockchain regulatory bill. It was unclear whether Emmer and Torres had a majority of votes in the House of Representatives for the legislation to pass.

Torres has supported many bills and policies favorable to the crypto industry since assuming office in 2021. Together with Emmer, he has led the Congressional Crypto Caucus to advance crypto-friendly policies in the House since March.

A bipartisan blockchain bill amid memecoin concerns?

Other Democratic House members, including Representative Maxine Waters, have suggested they intend to block any legislation related to crypto and blockchain until Republicans address Trump’s connections to the industry, such as his family’s stake in World Liberty Financial and his TRUMP memecoin. The president is planning to host a dinner with up to 220 people holding the most significant amounts of his memecoin on May 22.

Related: Interest groups, lawmakers to protest Trump’s memecoin dinner

Cointelegraph reached out to Torres’ office for comment but had not received a response at the time of publication.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

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