She said the housing secretary was “setting out his ideas as to what we should do to tackle some of these very extreme views that we are sadly seeing expressed around our streets”.
Tens of thousands of people took part in a protest against Israel’s war in Gaza organised by the Palestine Solidarity Campaign (PSC) in London on Saturday – the fifth march in the capital this year. Five were arrested and a counter-demonstrator de-arrested.
The upcoming revised definition of extremist groups would receive “more specificity” and enable the government and other public bodies to ban funding and engagement with Islamist and far-right groups, Mr Gove told the Sunday Telegraph.
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Charlotte Church joins pro-Palestine march
Asked by Trevor Phillips about whether this meant there would be additions to the list this week, Ms Atkins said Mr Gove’s comments were a continuation of the warnings about extremism that Rishi Sunak gave in his Downing Street address last week, “namely that there are some people, sadly, who hold views that are contrary to the values that we hold as a country”.
“We should not allow those views to percolate through society or indeed allow them to try to change the way we as a society conduct our democracy, the way we allow parliament to set its own rules and conventions,” she said.
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Balfour painting slashed in Gaza protest
Ms Atkins did not name which groups or individuals might fall under the new definition, but pointed to pro-Palestine activists spray-painting and slashing a portrait of Lord Balfour at the University of Cambridge’s Trinity College on Friday, adding “this is not the way we conduct democracy and express our views in this country”.
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Jewish residents ‘worried about walking in London’ during demonstrations
Pressed on whether the government was planning to ban groups because of the views they hold, Ms Atkins said there was a “longstanding convention” in the UK of “proscription for those groups that meet the very strict criteria under the legislation,” which she described as “the most extreme end”.
But she said “at the other end of the scale” there was concern that in large-scale pro-Palestinian demonstrations “there can be a minority of people who hold and extol views that make the rest of us feel not just deeply uncomfortable, but if you are a Jewish resident of London, some have said they feel worried about walking in London when these demonstrations happen, and that’s not right”.
Risk for government is they seek to draw dividing line where none exists
By Matthew Thompson, Sky correspondent
The government’s plans to create, in Rishi Sunak’s words from outside Downing Street, a “robust framework” for tackling extremism have had a little more flesh added to the bones this weekend.
This coming week, Michael Gove is set to publish a new definition of extremism, which looks like it will link extremism to some attempt to undermine British democracy or democratic values.
The move has prompted howls of outrage from various quarters: civil liberties groups concerned it will suppress freedom of speech, and religious groups such as the Muslim Council of Britain, who fear they will fall foul of a definition they have branded “offensive, ludicrous and dangerous”.
However, one quarter from which there is barely a squeak of dissent is the Labour Party.
Some observers have noted the Tories’ extremism drive is a way to seek a dividing line with Labour. Potentially even to make relations with Labour’s large Muslim vote even more fractious.
But what is clear from Labour’s various pronouncements over the last week or so is that their settled position is broadly behind the extremism crackdown.
Last week, Labour leader Keir Starmer agreed with Rishi Sunak’s Downing Street speech.
On Sunday morning, shadow chancellor Rachel Reeves told Sky News they would wait to see the detail of Mr Gove’s policy, but that it was “right that we look again at the definition [of extremism]”.
Yes, there may be noises off from those on the left of the Labour Party. But the risk for the government is that they seek to draw a dividing line where none exists.
For Labour, the risk is that, like in debates over last week’s budget, they again open themselves to the charge of being little more than Conservatives in a red rosette.
New definition is not attempt to draw dividing line with Labour
The health secretary insisted the new definition was not a political attempt to draw a dividing line with Labour.
She said: “It is precisely because we have seen, sadly, in the last six months or so, this rise in extremist ideas which is making people – other citizens in our country – feel deeply uncomfortable.
“So, it is that balancing act between… freedom of speech, but also the right of citizens to go about their daily lives.”
‘Genuine debate to be had’ about freedom of expression
Justice minister Mike Freer said there is “genuine debate to be had about what is legitimate freedom of expression”.
After speaking at an event in north London calling for the return of the Israeli hostages still held by Hamas, he told Sky News the government needs to “redraw that line so people know what is legitimate and what is extremism”.
Stablecoin issuer Circle has secured regulatory approval to operate as a financial service provider in the Abu Dhabi International Financial Center, deepening its push into the United Arab Emirates.
In an announcement Tuesday, Circle Internet Group said it received a Financial Services Permission license from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi. This allows the stablecoin issuer to operate as a Money Services Provider in the IFC.
The USDC (USDC) issuer also appointed Saeeda Jaffar as its managing director for Circle Middle East and Africa. The new executive also serves as a senior vice president and group country manager for the Gulf Operation Council at Visa and will be tasked with developing the stablecoin issuer’s regional strategy and partnerships.
Circle co-founder, chairman and CEO Jeremy Allaire said that the relevant regulatory framework “sets a high bar for transparency, risk management, and consumer protection,” adding that those standards are needed if “trusted stablecoins” are going to support payments and finance at scale.
The newly introduced Federal Decree Law No. 6 of 2025 brings DeFi platforms, related services and infrastructure providers under the scope of regulations if they enable payments, exchange, lending, custody, or investment services, with licenses now required. Local crypto lawyer Irina Heaver said that “DeFi projects can no longer avoid regulation by claiming they are just code.”
Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC).
Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering novel activities for a national trust bank, but noted “custody and safekeeping services have been happening electronically for decades.”
“There is simply no justification for considering digital assets differently,” he added. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.”
The OCC regulates national banks and has previously seen crypto companies as a risk to the banking system. Only two crypto banks are OCC-licensed: Anchorage Digital, which has held a charter since 2021, and Erebor, which got a preliminary banking charter in October.
Crypto “should have” a way to supervision
Gould said that the banking system has the “capacity to evolve from the telegraph to the blockchain.”
He added that the OCC had received 14 applications to start a new bank so far this year, “including some from entities engaged in novel or digital asset activities,” which was nearly equal to the number of similar applications that the OCC received over the last four years.
Comptroller of the Currency Jonathan Gould giving remarks at the 2025 Blockchain Association Policy Summit. Source: YouTube
“Chartering helps ensure that the banking system continues to keep pace with the evolution of finance and supports our modern economy,” he added. “That is why entities that engage in activities involving digital assets and other novel technologies should have a pathway to become federally supervised banks.”
Gould brushes off banks’ concerns
Gould noted that banks and financial trade groups had raised concerns about crypto companies getting banking charters and the OCC’s ability to oversee them.
“Such concerns risk reversing innovations that would better serve bank customers and support local economies,” he said. “The OCC has also had years of experience supervising a crypto-native national trust bank.”
Gould said the regulator was “hearing from existing national banks, on a near daily basis, about their own initiatives for exciting and innovative products and services.”
“All of this reinforces my confidence in the OCC’s ability to effectively supervise new entrants as well as new activities of existing banks in a fair and even-handed manner,” he added.
The US Commodity Futures Trading Commission has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets.
Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover any potential losses.
The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, will allow futures commission merchants (FCM) — a company that facilitates futures trades for clients — to accept Bitcoin (BTC), Ether (ETH) and Circle’s stablecoin USDC (USDC) for margin collateral.
Pham said in a statement that the pilot program also “establishes clear guardrails to protect customer assets and provides enhanced CFTC monitoring and reporting.”
As part of the pilot, participating FCMs will be subject to strict reporting criteria, which require weekly reports on total customer holdings and any significant issues that may affect the use of crypto as collateral.
The CFTC’s Market Participants Division, Division of Market Oversight, and Division of Clearing and Risk also issued updated guidance on the use of tokenized assets as collateral in the trading of futures and swaps.
The guidance covers tokenized real-world assets, including US Treasury’s money market funds, and topics such as eligible tokenized assets, legal enforceability, segregation and control arrangements.
Pham said in an X post on Monday that the “guidance provides regulatory clarity and opens the door for more digital assets to be added as collateral by exchanges and brokers, in addition to US Treasurys and money market funds.”
The Market Participants Division also issued a “no-action position” on specific requirements regarding the use of payment stablecoins as customer margin collateral and the holding of certain proprietary payment stablecoins in segregated customer accounts.
A CFTC Staff Advisory that restricted FCMs’ ability to accept crypto as customer collateral, Staff Advisory 20-34, was also withdrawn because it is “outdated and no longer relevant,” in part due to the GENIUS Act.
Crypto execs back CFTC move
Several crypto executives applauded the move by the CFTC.
Katherine Kirkpatrick Bos, the general counsel at blockchain company StarkWare, said the use of “tokenized collateral in the derivatives markets is MASSIVE.”
“Atomic settlement, transparency, automation, capital efficiency, savings. Feels abrupt but who recalls the tokenization summit in 2/24, a glimmer of hope in the darkness,” she said.
Coinbase chief legal officer Paul Grewal also supported the action, calling Staff Advisory 20-34 a “concrete ceiling on innovation.”
“It relied on outdated info, went well beyond the bounds of regulation and frustrated the goals of the PWG.”
Salman Banaei, the general counsel at layer-1 blockchain the Plume Network, said it was a “major move” by the CFTC, and another push toward wider adoption.
“This is a step toward the use of onchain infra to automate settlement for the biggest asset class in the world: OTC derivatives, swaps,” he added.