Target Towns: ‘We were promised something different but it just hasn’t materialised’
As the floodlights illuminated the rows of chimneys on the terraced streets around Blundell Park there was a tense second half ahead.
One-nil up, the home supporters were desperate to hang on to the win as they fight for survival in League Two.
It has been like this for generations of football fans in Grimsby – a club founded in 1878 – the ground has been home since 1899.
A proper old-school venue – there are fewer and fewer places like this now in English football.
Although it is actually in neighbouring Cleethorpes, the club is a Grimsby institution.
The two towns are being merged into one constituency for the next general election, with both the Conservatives and Labour desperate to win it.
There is no shortage of political opinions before kick-off.
Kiosk worker Sean Gifford
Sean Gifford was opening up the Snack Shack kiosk behind the Pontoon Stand.
He quickly identified what he believes is the biggest problem in British politics.
“It’s the narrative. Do you believe the narrative of what any politician tells you? I don’t.”
He added: “It’s being able to speak one’s mind, as opposed to always toeing the party line and making sure that the truth is spoken without any spin doctor, without any PR machine behind it.
“People just cannot speak the truth for fear of backlash.”
He isn’t just disillusioned with one or two characters in politics, it’s all of them, and he is not sure who can solve it.
“It takes somebody of almost Churchillian stature, and where’s the Churchillian prime minister of the future? I just don’t see one.”
On the hotdog stand on the other side of the ground, Kirsty and Kylie were lining up their foot-long Lincolnshire sausages ready for the half-time rush.
Hot dog seller Kirsty Johnson
Kirsty is also frustrated by politicians. She told Sky News: “I think it needs someone with balls who can sort it out, take it by the horns and actually shake it up a bit.”
She doesn’t know who that is and certainly doesn’t feel that Rishi Sunak or Sir Keir Starmer fit her job criteria.
“They don’t do it for me, nobody does really.”
The existing seat of Great Grimsby voted Conservative under Boris Johnson in 2019 – the first time they had not elected a Labour MP since the Second World War.
The former prime minister surprised many here by wearing a Grimsby Town bobble hat when he was seen arriving and departing the COVID Inquiry in London in December.
Boris Johnson leaves the COVID inquiry last December in a Grimsby Town bobble hat
Some here were amused by it, while 700 others signed a petition calling on him to stop bringing the club into disrepute.
He is still a divisive figure but it’s the collective frustration with all politicians that shines through.
Former police officer Alan Rutter is exasperated by the decay of public services. “I have friends who are still in the force… and it is just a desecrated service, same with the NHS – it’s just all in crisis,” he said.
The club’s chairman Jason Stockwood grew up here but, like so many others, moved away to pursue a career before returning home. He is backing Labour but told Sky News that bigger changes are needed.
“This town voted vehemently for Brexit because it was a promise of something different and a new politics and it just hasn’t materialised at all.
“My sense is that people just want some adults in the room again, rather than just the personalities of the last few years, they want truth and they want integrity.”
Grimsby Town FC chairman Jason Stockwood
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He wants to see a constructive general election, not one that lurks in the extremes of politics.
“I think what people will be looking for is an honest conversation where people are prepared to turn up and have difficult conversations with everyone in our community because people [here] are forthright, they are passionate, they care about the community.
“I think there’s also an obligation on citizens as well,” he added.
“Politicians have a role to play. But everyone does need to step into and take ownership of the future they want as well.
Grimsby Town fans watching their side take on MK Dons
“We’re seeing that in Grimsby. So there is hope.”
Their club held on to a 1-0 win over MK Dons. Hope is restored, on the pitch at least.
The Codheads – as the fans call themselves – tell it like it is.
Politicians fishing for votes here this year will find a tough crowd.
Sky News’ Target Towns series aims to follow the build-up to the general election from a key constituency prized by both Conservatives and Labour – Great Grimsby and Cleethorpes. Send in your stories to targettowns@sky.uk.
Kemi Badenoch has refused to say that the Conservatives are intending to win next May’s local elections, despite being repeatedly pushed on the issue.
Asked twice to define success for her party at the elections, the Tory leader merely said that she is “going to be fighting for every vote”.
Speaking to Sky News, she added: “Success is going to be people seeing the Conservative Party as the only party that is competent and credible enough to do the tough stuff that this country needs.”
The comments come as the Conservatives continue to trail in the polls.
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Watch Kemi Badenoch’s interview with Sky News in full
New data released by YouGov this morning has put the Tories in third place behind Reform and Labour, a space they have largely occupied throughout the year. The pollster’s weekly voting intention analysis put Ms Badenoch’s party on 18%, down one percentage point.
YouGov’s weekly voting intention poll has the Tories down one percent on last week, and just three above the Greens. Pic: YouGov
Ms Badenoch gave a speech on welfare costs in London on Tuesday, where she attacked the government’s plans to tackle child poverty. Afterwards, she sat down with Sky News political correspondent Sam Coates.
Asked about the local elections, she said: “There are going to be local elections all over the country, and there’s a conservative message that I want everyone to hear: Our country’s not working properly.
“There are fundamental things that need to change. We need to create jobs. Otherwise, we’re not going to have money for councils.”
She added: “We’ve seen new parties like Reform come in. They’re making a hash of things at council level. We need to make sure that people can see the benefits of voting Conservative.”
Ms Badenoch also refused to score her party’s performance out of 10. Pic: PA
When it was pointed out that she had not defined success as winning the local elections, Ms Badenoch said: “The country is going to decide. We’re going to put out an offer, and we’re going to fight for every vote.”
May will see local council elections, as well as votes for the Senedd in Wales and the Scottish Parliament. They are seen as a crucial moment for the Tory leader – and also for Prime Minister Sir Keir Starmer.
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‘Of course poverty bothers me’
Ms Badenoch also refused to score the party’s performance out of 10, as the year draws to a close, and she marks a little over 12 months as leader.
She told Sky News: “When I look at the historic defeats which Conservatives suffered last year, things are definitely better.”
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Challenged on the Tories’ position in the polls, Ms Badenoch said: “Of course, we have a mountain to climb.
“We lost more seats [in 2024] than we’ve ever done in our 200-year history. This was always going to be a long road ahead.”
Wyoming Senator Cynthia Lummis, a member of the US Senate Banking Committee and one of the most prominent proponents for addressing digital asset market structure in Congress, said she wants to take the next step in advancing the bill sometime next week.
Speaking at the Blockchain Association Policy Summit on Tuesday, Lummis said she anticipated that the markup hearing for the Responsible Financial Innovation Act — the Banking Committee’s version of market structure — would happen before Congress broke for the holidays.
The senator said the crypto industry “was getting a little concerned” about the progress of the bill, adding that drafts were “changed so much every few days” during bipartisan discussions.
“Our staffs are exhausted,” said Lummis, referring to her and Senator Kirsten Gillibrand’s teams. “I think that we’re to the point where it’s better to go ahead with a product and mark it up next week and then give everybody a break over the Christmas break to catch their breath.”
She added:
“My goal […] is to share a draft at the end of this week that is our best efforts [sic] to date and let industry vet it, let Republicans and Democrats vet it, and then go to markup next week.”
A markup hearing involves lawmakers considering amendments and changes before a bill is sent to the Senate for a vote.
Although the banking committee released a discussion draft of the market structure bill in July, after the Digital Asset Market Clarity Act passed the US House of Representatives, progress was slowed by the longest government shutdown in the country’s history and reports of pushback from some lawmakers over DeFi provisions in the bill.
Related: How market structure votes could influence 2026 crypto voters
A Monday report from Politico signaled that bipartisan negotiations over market structure were proceeding with plans for a markup in December. Lummis said in September that she expected the bill to be signed into law by 2026.
However, it’s unclear whether Republicans’ timeline will pan out. Even if senators were to proceed with a markup, other obstacles — such as partisan pushback — could lengthen the time for a vote.
What will a US market structure bill mean for the crypto industry?
Although the bill has yet to work its way through the Senate Banking Committee and Senate Agriculture Committee, many in the crypto industry have been championing Congress’ efforts to advance the legislation, citing clarity and benefits to the market.
“More and more finance will move onchain under the leadership of [SEC Chair Paul Atkins] once a market structure is passed into law by Congress,” said Coinbase chief legal officer Paul Grewal on Wednesday. “Our leaders need to align on the last details in the bill without delay […].”
Although the final version of the bill to be considered by the US Senate was not public at the time of publication, previously released drafts indicated that it would grant the Commodity Futures Trading Commission more authority over digital assets. This would represent a significant change from the Securities and Exchange Commission essentially handling regulation and enforcement.
Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice
Major tokenization platform Securitize has doubled down on its push to bring tokenized equity to US investors, naming a former PayPal executive as its new general counsel.
Securitize on Tuesday announced the appointment of ex-PayPal executive Jerome Roche, who led the company’s expansion into digital asset projects, including the PayPal USD (PYUSD) stablecoin.
Securitize also said its tokenized securities are already available to US investors, challenging the notion that most issuers prefer to offer such products abroad due to local stock access.
“There’s been a perception that tokenized securities must be offered primarily outside the US, but our experience shows the opposite,” Securitize CEO Carlos Domingo told Cointelegraph.
“Clear regulatory path” for tokenized stocks in the US
According to Securitize, operating real-world asset (RWA) tokenization offerings inside the US regulatory perimeter is “not only possible, but scalable, at institutional quality.”
“We’ve demonstrated that there is a clear regulatory path for issuers to natively tokenize assets for US investors,” Domingo said.
“These are not synthetic representations, or derivatives, but real securities onchain,” the CEO said, adding:
“We operate using SEC-regulated infrastructure, including a registered transfer agent broker-dealer, and fund admin, which allows US investors to access and legally hold tokenized securities in a fully compliant framework.”
Securitize’s optimistic outlook on the US tokenization comes days after the platform obtained regulatory approval to operate as an investment company and a trading ánd settlement system in the European Union on Nov. 26. According to the company, the approval positioned it as one of the first operators for regulated digital securities infrastructure in both the US and EU.
“For the first time, modern ledger technology is giving us the ability to record ownership, settle transactions, and move value in ways that are fundamentally better than the fragmented systems we’ve inherited,” Securitize’s newly appointed general counsel, Roche, said in the announcement.
“Innovation only works when it fits squarely within the guardrails of applicable law,” he added, underscoring Securitize’s global push for regulated tokenized securities.
Related: US Treasurys lead tokenization wave as CoinShares predicts 2026 growth
Securitize’s news is another sign of the US warming to tokenization. On Monday, the Securities and Exchange Commission dropped its investigation into rival tokenization platform Ondo Finance.
Ondo said the decision marks a new chapter for tokenized securities in the US, where they are poised to become a “core part of the capital markets.”
Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice
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