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<div>Pro-crypto senator pushes back on Trump's memecoin dinner — Report</div>

Senator Cynthia Lummis and at least one other Republican in Congress are reportedly critical of US President Donald Trump for offering the top holders of his memecoin a dinner and White House tour.

According to a May 2 CNBC report, Lummis said the idea that the US president was offering exclusive access to himself and the White House for people willing to pay for it “gives [her] pause.” She wasn’t the only member of the Republican Party to be critical of Trump’s memecoin perks, announced on April 23, roughly three months after the then-president-elect launched the TRUMP token.  

“I don’t think it would be appropriate for me to charge people to come into the Capitol and take a tour,” said Republican Senator Lisa Murkowski, according to NBC News.

Despite Lummis’ reported “pause” over the president’s actions, on May 2, she posted a video to X of herself speaking on the Senate floor, saying she was “particularly pleased” by Trump’s support of legislation to establish a strategic Bitcoin (BTC) reserve in the United States. The Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide, or BITCOIN, Act would seemingly codify Trump’s executive order to create a national crypto reserve.

Related: House Democrats want ethics probe on Trump over crypto projects

The launch of the TRUMP coin on Jan. 17 was met with outrage from many lawmakers and figures in the crypto industry, who pointed to potential conflicts of interest and implications of allowing foreign actors to channel funds directly to Trump. The criticism continued after Trump announced that a group of the top memecoin holders would have the opportunity to apply for a White House tour and dinner.

 “Trump once claimed he is so rich he cannot be bought,” said Craig Holman, a government ethics expert with the consumer advocacy organization Public Citizen. “But his obsession with money means he apparently can be bought for a meme.”

Calls for impeachment over ties to crypto

Georgia Senator Jon Ossoff, a Democrat, called for Trump’s impeachment during an April 25 town hall, claiming the memecoin dinner represented “selling access for what are effectively payments directly to him.” During his first term, Trump was impeached twice in the House of Representatives but acquitted after the Senate votes fell short of the two-thirds majority required for conviction.

At the time of publication, it was unclear who, if any, of the memecoin holders would attend the May 22 dinner with Trump. Usernames from the TRUMP leaderboard have led to speculation that staunch supporters like Tron founder Justin Sun and Tesla CEO Elon Musk could be among the attendees. As of May 2, neither the individuals nor the companies have made any formal announcements.

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

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Rayner ‘hoping’ for winter fuel update within weeks – and says she ‘never’ wants to be Labour leader

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Rayner 'hoping' for winter fuel update within weeks - and says she 'never' wants to be Labour leader

Deputy Prime Minister Angela Rayner has told Sky News she “hopes” there will be an update on the winter fuel U-turn within weeks.

Ms Rayner also used her interview on Sunday Morning With Trevor Phillips to say she “never” wants to lead her party.

Some had suggested recent leaks of her plans for when taxes should change were her testing the waters to run a challenge against Sir Keir Starmer.

Politics latest: Badenoch on two-child cap

Earlier this week, the prime minister confirmed his party was looking to make changes to its controversial slashing of winter fuel payments to pensioners at an upcoming “fiscal event”.

Little clarity was provided on when this would be – the budget in the autumn thought the most likely.

Deputy Prime Minister Angela Rayner during a visit to Rossington Miners' Welfare in Doncaster, South Yorkshire, whilst campaigning for this week's local elections. Picture date: Wednesday April 30, 2025.
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Angela Rayner says she wants the changes announced soon. Pic: PA

Ms Rayner has now suggested the 11 June spending review in just over a fortnight is her preferred date.

She told Sky News: “I think that we’ve got the upcoming spending review, and I’m sure that the chancellor will set it out when we’ve got the opportunity – at the first opportunity Trevor she will set out what we’ll be able to do.”

Asked if changes might be announced at the review, Ms Rayner said: “I hope so, but I don’t know. But I hope so.

“I mean, the prime minister’s announced it, so logically to me that indicates that the prime minister wants to do something in this area.

“And if the prime minister wants to do that, I’m sure the chancellor is going to look at how we can achieve that.”

Read more:
Starmer confirms U-turn on winter fuel
Decision needs ‘strong enough’ economy
Analysis: It could have profound consequences

Never wants to be leader

Some might suggest Ms Rayner’s stance was a bid to push Downing Street into an announcement faster than it previously wanted.

It would add to rumours the deputy prime minister is unhappy with the way Sir Keir and Rachel Reeves are running the government.

However, when asked by Trevor Phillips if she wanted to lead her party, Ms Rayner was unequivocal.

“No. I’m very happy and honoured to be deputy prime minister of this country,” she said.

“And I’ve got a lot in my in-tray to prove that I can do the job that I’m doing and deliver on the milestones for the people in this country.”

She continued: “I have no desire to go for the leadership of the Labour Party.”

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Asked to say the word “never”, Ms Rayner repeated “never”.

Ms Rayner also confirmed a leak inquiry was under way after her proposals on tax and spend sent to the chancellor ended up published in The Daily Telegraph.

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Two-child benefit cap: Pressure grows on Starmer as Reform’s policy move parks tanks on Labour’s lawn

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Two-child benefit cap: Pressure grows on Starmer as Reform's policy move parks tanks on Labour's lawn

No U-turn comes without a political cost.

This weekend, it has become clear there is a price to pay for Sir Keir Starmer’s decision to row back on winter fuel payment cuts.

One MP said in a text message: “We all want to see more”, while former prime minister Gordon Brown told Sky News this week the two-child benefit cap was “pretty discriminatory” and could be scrapped.

Nigel Farage
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Nigel Farage is expected to call for the two-child benefit cap to be scrapped

The cap, which prevents parents from claiming child tax credit or universal credit for more than two children, is a symbolic sore for Labour that saw seven MPs suspended from the party last year.

Now it’s back to cause more trouble.

A Downing Street source suggests little has changed in the last week, and looking at the cap has always been part of the (now delayed) Child Poverty Strategy.

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‘You’ve got to be fair to pensioners’

But, beyond the whispers behind the scenes, one thing has overtly changed this weekend – growing pressure from Nigel Farage.

We expect Reform UK to announce this week that it will reinstate winter fuel payments and drop the cap.

Mr Farage is parking his tanks on Labour’s lawn, trying to tap into working-class votes on uncomfortable territory for Mr Starmer.

How would they pay for it? A combination of closing asylum hotels, cutting aid, and scrapping net-zero targets, the party says.

Kemi Badenoch on Sunday Morning with Trevor Phillips.
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Conservative leader Kemi Badenoch

Headline-grabbing move

The beauty of not being in power is not having to make all the sums add up right now, and it is a headline-grabbing announcement that will, at the very least, reignite the conversation about the two-child cap.

It’s also a reminder that Reform UK, who were beaten by Labour in 89 out of the 98 constituencies they came second in last year, have set their sights beyond the Conservatives.

As for the Tories, who introduced the measure in 2017, leader Kemi Badenoch is clear, saying: “If you can’t afford to have lots of children, then you shouldn’t do so”.

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Deputy Prime Minister Angela Rayner is hoping for an update on the winter fuel allowance

Blue water between Tories and Reform UK

So, there is blue water between the Conservatives and Reform, but it’s the prime minister and his party that Nigel Farage is targeting now, and Labour is unclear on where it stands.

Deputy leader Angela Rayner told Sunday Morning With Trevor Phillips that “lifting any measures that alleviate poverty is not a bad idea”.

More from Sky News:
PM’s winter fuel claim ‘not credible’
Starmer-Reeves Downing St ‘rift’

With the spending review fast approaching, Sir Keir and Chancellor Rachel Reeves will be working out the actual cost, beyond the political one, of rowing back on winter fuel payment cuts.

But will the anger that the policy ignited among some Labour MPs end there? Or will it move to another uncomfortable subject?

As one MP puts it: “If there’s money for pensioners, why not children?”

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Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

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Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers.

The move is part of a broader digital transformation plan spearheaded by the Pakistan Crypto Council and backed by the Ministry of Finance, according to a May 25 report by local news outlet 24NewsHD TV Channel.

In the first phase, the government plans to channel excess power into AI infrastructure and crypto mining operations. Finance Minister Muhammad Aurangzeb said the decision is expected to attract billions in foreign investment while generating high-tech employment across the country.

The initiative’s second phase will introduce access to renewable energy for mining operations, aiming to balance growth with environmental responsibility.

Related: Trump-backed World Liberty Financial partners with Pakistan Crypto Council

Pakistan unveils tax incentives to attract investors

Per the report, interest from international Bitcoin (BTC) miners and AI firms has already picked up. Officials confirmed that multiple foreign delegations have visited Pakistan in recent months to explore potential partnerships.

To further incentivize investment, the Ministry of Finance announced a package of tax incentives for AI centers and duty exemptions for Bitcoin miners.

Bilal Bin Saqib, CEO of Pakistan’s Crypto Council, reportedly welcomed the development, calling it a “turning point” for the country’s digital economy.

Saqib claimed that with clear regulations and a transparent framework, Pakistan could emerge as a significant player in the global crypto and AI sectors.

Saqib first proposed using the country’s runoff energy to fuel Bitcoin mining at the Crypto Council’s inaugural meeting on March 21.

The meeting included lawmakers, the Bank of Pakistan’s governor, the chairman of Pakistan’s Securities and Exchange Commission (SECP), and the federal information technology secretary.

Related: Pakistan proposes compliance-based crypto regulatory framework — Report

Pakistan creates Digital Asset Authority

On May 21, Pakistan’s Ministry of Finance endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country.

The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing and regulating exchanges, custodians, wallets, tokenized platforms, stablecoins, and decentralized finance applications.

The PDAA will also be tasked with tokenizing national assets and government debt, facilitating monetization of Pakistan’s surplus electricity through regulated Bitcoin mining, and helping startups build blockchain-based solutions at scale.

Pakistan ranked highly in Chainalysis’ 2024 crypto adoption index, coming in ninth, mainly due to strong retail adoption and transactions at centralized services.

Pakistan allocates 2,000MW power for Bitcoin mining and AI centers
Pakistan ranked highly in Chainalysis’ 2024 crypto adoption index, coming in 9th. Source: Chainalysis

Data from Statista also shows Pakistan’s crypto market is “experiencing rapid growth,” estimating the number of crypto users to amount to over 27 million by 2025, out of a population of 247 million.

Magazine: Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest, May 18 – 24

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