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Firearms officers on trial over police shootings will not be named during criminal proceedings, the home secretary has announced.

Yvette Cooper announced a review into the accountability of firearms officers and confidence in policing after police marksman Martyn Blake was cleared by a jury on Monday of the murder of Chris Kaba in Streatham, south London, in September 2022.

Mr Blake, 40, fired a single bullet through the windscreen of the Audi Q8 that 24-year-old Kaba was driving as armed officers surrounded the car while he tried to escape.

The Metropolitan Police firearms officer was named for the first time in March this year as a judge lifted an anonymity order after media organisations challenged the legal application to protect his identity.

Before that, he had been known by the codename NX121 after threats were made against him, and he is reportedly now living in hiding, fearing for his life and his family after a £10,000 bounty was offered in revenge for Kaba’s death to anyone prepared to kill him.

Ms Cooper said officers will now remain anonymous until they are convicted and said the ruling will be part of an upcoming crime and policing bill.

She told the House of Commons: “When officers act in the most dangerous situations on behalf of the state it is vital that those officers and their families are not put in further danger during any subsequent legal proceedings, so we will therefore introduce a presumption of anonymity for firearms officers subject to criminal trial following a police shooting in the course of their professional duties, up to the point of conviction.”

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Yvette Cooper
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Yvette Cooper

Ms Cooper said Kaba’s death and the trial of Mr Blake were held against “a backdrop of fallen community confidence in policing and the criminal justice system across the country”.

There is “lower confidence among black communities”, she said.

The home secretary acknowledged Kaba’s parents and family “continue to experience deep grief and distress” and said it is “imperative that the jury’s verdict is respected” as she called for Mr Blake and his family to be “given the time and space…to recover from what must have been an immensely difficult experience”.

Read more:
Why did Chris Kaba’s killer stand trial?

Chris Kaba was ‘core member’ of gang and ‘gunman in nightclub shooting’ days before death

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Chris Kaba was linked to a shooting in a club

She also announced:

• Statutory footing for the Independent Office of Police Conduct’s (IOPC) victims’ right to review scheme

• The threshold for referral of police officers to the Crown Prosecution Service (CPS) to be same as when police refer cases involving members of the public – currently it is lower for police

• The IOPC will be allowed to send cases to the CPs where there is sufficient evidence to do so, instead of having to wait for a final investigation report

• The director of public prosecutions will review CPS guidance on charging police officers for offences committed while on duty

• The College of Policing will be asked to establish a database of “lessons learned” where deaths or serious injury has happened after police contact or pursuits

• Police officers found guilty of “certain criminal offences” will be automatically found to have committed gross misconduct and will be “promptly” dismissed if they fail vetting

• Officers will be suspended if they are under investigation for domestic abuse or sexual offences.

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US lawmakers propose tax break for small stablecoin payments, staking rewards

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US lawmakers propose tax break for small stablecoin payments, staking rewards

US lawmakers have introduced a discussion draft that would ease the tax burden on everyday crypto users by exempting small stablecoin transactions from capital gains taxes and offering a new deferral option for staking and mining rewards.

The proposal, introduced by Representatives Max Miller of Ohio and Steven Horsford of Nevada, seeks to amend the Internal Revenue Code to reflect the growing use of digital assets in payments. The draft is set “to eliminate low-value gain recognition arising from routine consumer payment use of regulated payment stablecoins,” per the draft.

Under the draft, users would not be required to recognize gains or losses on stablecoin transactions of up to $200, provided the asset is issued by a permitted issuer under the GENIUS Act, pegged to the US dollar and maintains a tight trading range around $1.

The bill includes safeguards to prevent abuse. The exemption would not apply if a stablecoin trades outside a narrow price band, and brokers or dealers would be excluded from the benefit. Treasury would also retain authority to issue anti-abuse rules and reporting requirements.

Draft bill explains the reasoning behind tax breaks. Source: House

Related: Crypto Biz: Bank stablecoins get a rulebook; Bitcoin gets a land grab

US bill defers taxes on crypto staking rewards

Beyond payments, the proposal addresses long-standing concerns around “phantom income” from staking and mining. Taxpayers would be allowed to elect to defer income recognition on staking or mining rewards for up to five years, rather than being taxed immediately upon receipt.

“This provision is intended to reflect a necessary compromise between immediate taxation upon dominion & control and full deferral until disposition,” the draft said.

The draft also extends existing securities lending tax treatment to certain digital asset lending arrangements, applies wash sale rules to actively traded crypto assets, and allows traders and dealers to elect mark-to-market accounting for digital assets.

Related: Galaxy predicts stablecoins will overtake ACH transaction volume in 2026

Crypto groups urge Senate to rethink stablecoin rewards ban

Last week, the Blockchain Association sent a letter to the US Senate Banking Committee, signed by more than 125 crypto companies and industry groups, opposing efforts to extend restrictions on stablecoin rewards to third-party platforms.