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Bitcoin is a matter of national security — Deputy CIA director

The US Central Intelligence Agency is increasingly incorporating Bitcoin (BTC) as a tool in its operations, and working with the cryptocurrency is a matter of national security, Michael Ellis, the agency’s deputy director, told podcast host Anthony Pompliano.

In an appearance on the market analyst and investor’s show, Ellis told Pompliano that the intelligence agency works with law enforcement to track BTC, and it is a point of data collection in counter-intelligence operations. Ellis added:

“Bitcoin is here to stay — cryptocurrency is here to stay. As you know, more and more institutions are adopting it, and I think that is a great trend. One that this administration has obviously been leaning forward into.”

“It’s another area of competition where we need to ensure the United States is well-positioned against China and other adversaries,” Ellis said.

US Government, United States, CIA, Bitcoin Adoption
Podcast host and investor Anthony Pompliano (left) and Deputy CIA director Michael Ellis (right). Source: Anthony Pompliano

Although Ellis’s comments point to Bitcoin maturing as an asset, they also reflect the increased involvement of governments and institutions in Bitcoin and cryptocurrencies. This increased involvement runs contrary to the libertarian and cypherpunk ethos originally inherent in crypto.

Related: Geopolitical tensions fuel central bank shift toward gold, crypto — BlackRock exec

Bitcoin: from cypherpunk experiment to state reserve asset

US President Donald Trump signed an executive order establishing a Bitcoin Strategic Reserve on March 7, to mixed reactions from the Bitcoin community.

Bitcoin Magazine CEO David Bailey celebrated the move, while Venice AI founder and BTC advocate Erik Vorhees warned against the government owning any Bitcoin but added that if the US government is to adopt any crypto reserve, it should be Bitcoin-only.

Concerns that cryptocurrencies have lost their cypherpunk roots predate the current market cycle and any strategic reserve legislation or comprehensive regulatory frameworks for digital assets.

In March 2020, Therese Chambers, the former director of retail and regulatory investigations at the United Kingdom’s Financial Conduct Authority (FCA), argued that cryptocurrencies had become increasingly financialized and institutionalized.

Chambers added that digital assets were behaving far more like traditional financial instruments than the privacy-preserving tools they were initially billed as.

Magazine: Big Questions: Did the NSA create Bitcoin?

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Dollar stability questioned as Trump ousts Federal Reserve governor

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Dollar stability questioned as Trump ousts Federal Reserve governor

Dollar stability questioned as Trump ousts Federal Reserve governor

Trump’s firing of Federal Reserve Governor Lisa Cook has sparked a legal standoff and renewed concerns over the Fed’s independence.

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Women and children will be detained under Farage deportation plans

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Women and children will be detained under Farage deportation plans

Women and children would be detained and deported under Nigel Farage’s plans to stop small boat crossings in the Channel.

Addressing a news conference in Oxford, Mr Farage admitted that the question of “how we deal with children is much more complicated”, but insisted: “Women and children, everybody on arrival will be detained.”

Politics latest: Farage asks: Whose side are you on?

The Reform UK leader laid out his plans to deport hundreds of thousands of illegal migrants if he wins the next election in 2029 – saying the small boats crisis in the English Channel was fuelling “rising anger” among the public and creating a “genuine threat to public order”.

‘The boats will stop coming within days’

“The only way we will stop the boats is by detaining and deporting absolutely anyone that comes via that route,” Mr Farage said.

“And if we do that, the boats will stop coming within days, because there will be no incentive to pay a trafficker to get into this country.

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“If you come to the UK illegally, you will be detained and deported and never, ever allowed to stay, period. That is our big message from today.”

The news conference followed a weekend in which hundreds of people made the dangerous crossing to Britain via the Channel.

Labour says it is tackling the issue by signing its “one in, one out” pilot scheme with France, which came into force earlier this month.

It allows the UK to send some people who have crossed the Channel back to France in exchange for asylum seekers with ties to Britain – but Reform and the Conservatives have said it will make little difference given that more than 28,000 people had made the crossing to the UK in 2025 alone.

Under Reform’s “operation restoring justice programme” – which has been denounced by Opposition parties as “inflammatory” and “unworkable” – anyone who arrives in the UK illegally via small boat would be detained and deported and refused permission to stay.

Mr Farage said he believed the party would be able to deport around 600,000 asylum seekers in the first parliament of a potential Reform UK government, at an estimated cost of £10bn over the five-year period.

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Migrants attempt Channel crossing

Illegal migrants would be forced to return to their home countries, something the Reform leader said could be achieved by the UK by choosing not to follow certain human rights laws.

The party is planning to repeal the 1998 Human Rights Act and leave the European Convention on Human Rights (ECHR), arguing that such laws have allowed foreign offenders to challenge their own deportation orders through the courts and remain in the UK.

It would also disapply the 1951 Refugee Contention and the UN Convention Against Torture, and the Council of Europe’s anti-trafficking convention, which prevent people from being deported to countries where they face the prospect of torture or ill treatment.

Instead, under its own Illegal Migration (Mass Deportation) Bill, those who come to the UK on small boats will be barred from claiming asylum, and held in detention centres on spare RAF bases rather than taxpayer-funded hotels – which have been subject to a number of protests from local communities in recent months.

‘The alternative is to do nothing’

Reform is also seeking to sign returns deals with countries including Afghanistan, despite its poor human rights record and the threat that those sent back would be subject to torture and ill treatment.

Mr Farage faced a number of questions about the human rights abuses perpetuated by the likes of Afghanistan and Eritrea, another country he is seeking to send illegal migrants to if they arrive in Britain.

Asked whether he was “comfortable” with the prospect of people being tortured if they were sent back after entering the UK illegally, Mr Farage said: “What really bothers me is what is happening on the streets of our country. What really bothers me is what is happening to British citizens.”

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He added: “The alternative, of course, is to do nothing. That’s the very clear alternative, is that we just do nothing. We just allow this problem to magnify and grow.

“We head to a point, where there, and I genuinely, I don’t want this to happen, I want our proposals to be accepted so we can prevent civil disorder from happening, but that is the direction this country is headed in. We cannot be responsible for all the sins that take place around the world. It’s just literally impossible.”

The Liberal Democrats criticised the plans for mass deportations, saying they risked “ripping up” human rights and potentially paying autocratic regimes to take people back.

Deputy Leader Daisy Cooper said: “Of course Nigel Farage wants to follow his idol Vladimir Putin in ripping up the human rights convention. Winston Churchill would be turning in his grave. Doing so would only make it harder for each of us as individuals to hold the government to account and stop it trampling on our freedoms.”

Green Party MP Ellie Chowns accused Mr Farage of “inflammatory rhetoric” and accused him of “whipping up anger, hatred and even disorder”.

“The policy proposals themselves are unworkable. They rely on ripping up swathes of international law and would likely face many legal obstacles in the UK courts that could use British common law to block such cruelty.”

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Bitpanda rules out London IPO over liquidity concerns: Report

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Bitpanda rules out London IPO over liquidity concerns: Report

Bitpanda rules out London IPO over liquidity concerns: Report

Vienna-based Bitpanda is eyeing Frankfurt or New York for a future listing, with its co-founder warning that London’s IPO market is too illiquid to attract investors.

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