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Sir Keir Starmer will be “completely exonerated” over the scandal around Peter Mandelson’s relationship with disgraced financier Jeffrey Epstein, Gordon Brown has told Sky News.

The prime minister was forced to sack Lord Mandelson as the UK’s ambassador to the US last Thursday after details of the peer’s relationship with Epstein emerged in the media.

Emails between Lord Mandelson, a minister under Tony Blair and Mr Brown, and the convicted sex offender revealed that the ex-minister sent messages of support to Epstein even as the US financier faced jail for soliciting prostitution from a minor in 2008.

Politics latest: PM speaks for first time since Mandelson sacking

Sir Keir said on Monday that he would have “never appointed” Lord Mandelson as US ambassador if he knew then what he knows now.

But Mr Brown told Sky News’ Darren McCaffrey that he believes the prime minister will be “completely exonerated” once “the record is out” on the matter.

The former prime minister said: “I don’t want to criticise Sir Keir Starmer’s judgement, because he faces very difficult decisions and we’re talking about a very narrow area for timing between a Tuesday and Thursday.

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Sir Keir Starmer with Lord Peter Mandelson
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Sir Keir Starmer with Lord Peter Mandelson

“I think once the record is out, Sir Keir Starmer will be completely exonerated.”

However, Mr Brown did admit that the situation “calls somewhat into his judgement”.

He said: “I think every government goes through difficulties. Probably 15 years ago, when I was in government, you’d be asking me questions about what had happened on a particular day.

“But this is not really in the end about personalities. In the end, it’s about the policies.

“If you ask people in the street, they might say, well, interesting story, terrible thing that happened to these girls, but also they will say, look what’s happening to my life at the moment, what’s happening to my community, what’s happening to my industry, what’s happening to the whole region.

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The Prime Minister is facing serious questions over his appointment of Peter Mandelson as the US ambassador.

“I think we’ve got to think that politics is about changing people’s lives and making a difference in those areas where they want to do things.”

Sir Keir has insisted that Lord Mandelson went through a proper due diligence process before his appointment.

However, speaking publicly for the first time since he sacked Lord Mandelson on Thursday night, he said: “Had I known then what I know now, I’d have never appointed him.”

Sir Keir said he knew before Prime Minister’s Questions on Wednesday afternoon that Lord Mandelson had not yet answered questions from government officials, but was unaware of the contents of the messages that led to his sacking.

He said Lord Mandelson did not provide answers until “very late” on Wednesday, which was when he decided he had to be “removed”.

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Crypto self-custody is a fundamental right, says SEC’s Hester Peirce

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Crypto self-custody is a fundamental right, says SEC's Hester Peirce

Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions.

“I’m a freedom maximalist,” Peirce told The Rollup podcast on Friday, while saying that self-custody of assets is a fundamental human right. She added:

“Why should I have to be forced to go through someone else to hold my assets? It baffles me that in this country, which is so premised on freedom, that would even be an issue — of course, people can hold their own assets.”

Privacy, SEC, Freedom, United States, Self Custody, Bitcoin Adoption, ETF
SEC commissioner Hester Peirce discusses the right to self-custody and financial privacy. Source: The Rollup

Peirce added that online financial privacy should be the standard. “It has become the presumption that if you want to keep your transactions private, you’re doing something wrong, but it should be exactly the opposite presumption,” she said.

The comments came as the Digital Asset Market Structure Clarity Act, a crypto market structure bill that includes provisions for self-custody, anti-money laundering(AML) regulations, and asset taxonomy, is delayed until 2026, according to Senator Tim Scott.

Related: SEC to hold privacy and financial surveillance roundtable in December

Exchange-traded funds (ETFs) challenge Bitcoin’s self-custody ethos

Many large Bitcoin (BTC) whales and long-term holders are pivoting from self-custody to ETFs to reap the tax benefits and hassle-free management of owning crypto in an investment vehicle.

“We are witnessing the first decline in self-custodied Bitcoin in 15 years,” Dr. Martin Hiesboeck, the head of research at crypto exchange Uphold, said.