Nigel Farage has hit out at “cancel culture” after officers moved to shut down the National Conservatism conference in Brussels.
Local officials arrived as the former Brexit Party leader was finishing a speech at the event, which is also due to hear from Hungary’s pro-Putin leader Viktor Orban and two Conservative MPs.
Emir Kir, the mayor of Brussels district Saint-Josse-ten-Noode, said he had issued an order banning the conference from taking place on Tuesday “to guarantee public safety”.
He added: “In Etterbeek, in Brussels City and in Saint-Josse, the far-right is not welcome.”
Tory MP Suella Braverman, who was sacked as home secretary last year, was also due to speak on Tuesday, as well as Conservative MP Miriam Cates.
Conference organisers said they were launching a legal challenge to Mr Kir’s order, adding: “There is no public disturbance and no grounds to shut down a gathering of politicians, intellectuals, journalists, students, civic leaders, and concerned citizens.
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“The police entered the venue on our invitation, saw the proceedings and the press corps, and quickly withdrew. Is it possible they witnessed how peaceful the event is?”
Image: Police arrive at the National Conservatism Conference in Brussels
Police officers arrived two hours into the event near the city’s European Quarter to inform organisers it must close.
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Officers did not appear to force the event to shut down and speeches continued.
Sky’s political correspondent Darren McCaffery, who is at the scene, said police initially told the venue owner that if the building isn’t evacuated they will start removing people.
Image: Nigel Farage gestures as he gives a keynote speech
Pic: Reuters
However, they later said they “would not be dragging people out” and instead the tactic was to stop anyone new from entering the venue.
He said this is the third venue chosen by conference organisers, after two others cancelled at the last minute “due to political pressure”.
Police ‘shutting down ideology’
Mr Farage said the conference attendees were “respectable people” and “there’s no protest of significance” happening against it.
“It’s about closing down an ideology,” he told Sky News.
Speaking to broadcasters as he left the venue, he said it would be closing down shortly and “I decided to make a discreet exit”.
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Darren McCaffrey reports from Brussels as local officials say the National Conservatism Conference will be shut down
“I’m not going to stay when the police storm the place and get everybody out. I’m not going to get involved in a fight.”
He added that he had “personally” experienced cancel culture in Brussels, such as restaurants and pubs refusing to service him, but now “global media” can see it happening.
Ms Braverman accused police of trying to “undermine and denigrate” free speech, saying she was there to talk about “issues that matter”, including border security.
Image: Suella Braverman. Pic: Reuters
Rishi Sunak had faced pressure to block her attendance at the conference, with Labour shadow minister Jonathan Ashworth urging him to stop the former home secretary “giving oxygen to these divisive and dangerous individuals”.
Downing Street later said it was “extremely disturbing” that the conference was shut down, citing freedom of speech.
National Conservatism is a global, right-wing movement which claims that traditional values are being “undermined and overthrown”.
Under Boris Johnson’s government in 2020, Conservative backbencher Daniel Kawczynski was reprimanded for attending a National Conservatism conference in Rome, with a Tory spokesman condemning the views of some other speakers, including Mr Orban.
In her speech Ms Braverman claimed “it is not racist” to want control of our borders, while Ms Cates claimed that falling birth rates are “the one overarching threat.. to the whole of Western society” and that “cultural Marxism” was “destroying our children’s souls”.
A growing rift has emerged in Washington, D.C., between the cryptocurrency industry and labor unions as lawmakers debate whether to ease rules allowing cryptocurrencies in 401(k) retirement accounts.
The dispute centers on proposed market structure legislation that would allow retirement accounts to gain exposure to crypto, a move labor groups say could expose workers to speculative risk. In a letter sent on Wednesday to the US Senate Banking Committee, the American Federation of Teachers argued that cryptocurrencies are too volatile for pension and retirement savings, warning that workers could face significant losses.
The letter drew immediate pushback from crypto investors and industry figures. “The American Federation of Teachers has somehow developed the most logically incoherent, least educated take one could possibly author on the matter of crypto market structure regulation,” a crypto investor said on X.
The AFT letter to Congress opposes regulatory changes that would allow 401(k) retirement accounts to hold alternative assets, including cryptocurrency. Source: CNBC
In response to the letter, Castle Island Ventures partner Sean Judge said the bill would improve oversight and reduce systemic risk, while enabling pension funds to access an asset class that has delivered strong long-term returns.
Consensys attorney Bill Hughes said the AFT’s opposition to the crypto market structure bill was politically motivated, accusing the group of acting as an extension of Democratic lawmakers.
Funds held in US retirement accounts by type of account plan. Source: ICI
Opposition to crypto in retirement and pension funds mounts
Proponents of allowing crypto in retirement portfolios, on the other hand, argue that it democratizes finance, while trade unions have voiced strong opposition to relaxing current regulations, claiming that crypto is too risky for traditional retirement plans.
“Unregulated, risky currencies and investments are not where we should put pensions and retirement savings. The wild, wild west is not what we need, whether it’s crypto, AI, or social media,” AFT president Randi Weingarten said on Thursday.
The AFT represents 1.8 million teachers and educational professionals in the US and is one of the largest teachers’ unions in the country.
According to Better Markets, a nonprofit and nonpartisan advocacy organization, cryptocurrencies are too volatile for traditional retirement portfolios, and their high volatility can create time-horizon mismatches for pension investors seeking a predictable, low-volatility retirement plan.
Bitcoin and Ether volatility compared to other asset classes and stock indexes. Source: US Federal Reserve
In October, the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) also wrote to Congress opposing provisions within the crypto market structure regulatory bill.
The AFL-CIO, the largest federation of trade unions in the US, wrote that cryptocurrencies are volatile and pose a systemic risk to pension funds and the broader financial system.
The US Office of the Comptroller of the Currency has conditionally approved five national bank charter applications for companies tied to the digital assets industry.
In a Friday notice, the OCC said it had conditionally approved BitGo, Fidelity, and Paxos to convert their existing state-level trust companies into federally chartered national trust banks. In the same announcement, the regulator said it had conditionally approved new applications from Circle and Ripple for national trust bank charters.
“New entrants into the federal banking sector are good for consumers, the banking industry and the economy,” said Jonathan Gould, the Comptroller of the Currency, adding: “The OCC will continue to provide a path for both traditional and innovative approaches to financial services to ensure the federal banking system keeps pace with the evolution of finance and supports a modern economy.”
Europe’s crypto regulatory framework is entering a new phase of scrutiny as policymakers weigh whether enforcement of the Markets in Crypto-Assets (MiCA) regulation should remain with national authorities or be centralized under the European Securities and Markets Authority (ESMA).
MiCA, which came largely into force at the beginning of 2025, was designed to create a unified rulebook for crypto-asset service providers across the European Union.
But as implementation progresses, disparities between member states are becoming harder to ignore. Some regulators have approved dozens of licenses, while others have issued only a handful, prompting concerns about inconsistent supervision and regulatory arbitrage.
In this week’s episode of Byte-Sized Insight, Cointelegraph explored what those growing pains mean for Europe’s crypto market with Lewin Boehnke, chief strategy officer at Crypto Finance Group — a Switzerland-based digital asset firm with operations across the EU.
Uneven enforcement fuels calls for oversight
According to Boehnke, the core challenge facing Europe isn’t the MiCA framework itself, but rather how it is being applied differently across jurisdictions.
“There is a very, very uneven application of the regulation,” he said, pointing to stark contrasts between member states. Germany, for example, has already granted around 30 crypto licenses, many to established banks, while Luxembourg has approved just three, all to major, well-known firms.
The ESMA released a peer review of the Malta Financial Services Authority’s authorization of a crypto service provider, finding that the regulator only “partially met expectations.”
Those disparities have helped fuel support among some regulators and policymakers for transferring supervisory powers to ESMA, which would create a more centralized enforcement model similar to the US Securities and Exchange Commission.
France, Austria and Italy have all signaled support for such a move, particularly amid criticism of more permissive regimes elsewhere in the bloc.
From Boehnke’s perspective, centralization could be less about control and more about efficiency.
“From just purely the practical point of view, I think it would be a good idea to have a unified… application of the regulation,” he said, adding that direct engagement with the ESMA could reduce delays caused by back-and-forth between national authorities.
MiCA’s design praised, but technical questions remain
Despite criticism from some corners of the crypto industry, Boehnke said MiCA’s overarching structure is sound, particularly its focus on regulating intermediaries rather than peer-to-peer activity.
“I do like MiCA regulation… the overarching approach of regulating not necessarily the assets, not the peer-to-peer use, but the custodians and the ones that offer services… that is the right approach.”
However, he also noted that unresolved technical questions are slowing adoption, especially for banks. One example is MiCA’s requirement that custodians be able to return client assets “immediately,” a phrase that remains open to interpretation.
“Does that mean withdrawal of the crypto? Or is it good enough to sell the crypto and withdraw the fiat immediately?” Boehnke asked, noting that such ambiguities are still being worked through and are awaiting clarity from ESMA.
To hear the complete conversation on Byte-Sized Insight, listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows!