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The co-manager for Donald Trump’s presidential election campaign has called Lord Mandelson an “absolute moron” – as the peer was officially announced as the next UK ambassador to the US.

The Labour grandee, who served in Sir Tony Blair and Gordon Brown’s cabinets, will become the UK’s top diplomat in Washington as president-elect Donald Trump returns to the White House in January.

In a post on X, Chris LaCivita linked to an article in The Daily Telegraph which reported on Lord Mandelson describing Mr Trump as “a danger to the world”.

The peer also described Mr Trump as “little short of a white nationalist and racist” during an interview with an Italian journalist in 2019, according to the newspaper.

In the post on X, Mr LaCivita said: “This UK govt is special replace a professional universally respected Ambo with an absolute moron – he should stay home! SAD!”

He added: “Mandelson described Trump as a danger to the world and ‘little short of a white nationalist’.”

It comes as Sir Keir Starmer confirmed the appointment of Lord Mandelson to the post.

The 71-year-old said: “We face challenges in Britain but also big opportunities and it will be a privilege to work with the government to land those opportunities, both for our economy and our nation’s security, and to advance our historic alliance with the United States.”

The prime minister said: “The United States is one of our most important allies and as we move into a new chapter in our friendship, Peter will bring unrivalled experience to the role and take our partnership from strength to strength.”

Analysis:
Lord Mandelson’s trade background key to pivotal role
Return of ‘Prince of Darkness’ will leave Labour lefties furious

Chris LaCivita, co-manager of Donald Trump's election campaign. Pic: Reuters
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Chris LaCivita, co-manager of Donald Trump’s election campaign. Pic: Reuters

Sir Keir also thanked outgoing US ambassador Dame Karen Pierce, who will leave the post at the beginning of next year.

“I would also like to thank Dame Karen Pierce for her invaluable service for the last four years, and in particular the wisdom and steadfast support she has given me personally since July,” he said.

“She made history as the first woman to serve as UK ambassador to the US and she has been an outstanding representative of our country abroad. I wish her all the very best in future.”

Lord Mandelson was one of the key architects of New Labour and helped the party return to power in the 1990s.

He served as Sir Tony’s trade secretary and Northern Ireland secretary before standing down as an MP in 2004 to become a European Commissioner.

After Mr Brown awarded him a peerage in 2008 Lord Mandelson returned to government as business secretary.

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Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

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Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

Altcoins may see a resurgence in the second quarter of 2025 as regulations for digital assets continue to improve, according to Swiss bank Sygnum.

In its Q2 2025 investment outlook, Sygnum said the space has seen “drastically improved” regulations for crypto use cases, creating the foundations for a strong alt-sector rally for the second quarter. However, it added that “none of the positive developments have been priced in.” 

In April, Bitcoin dominance reached a four-year high, signaling that crypto investors are rotating their funds into an asset perceived to be relatively safer. 

But Sygnum believes regulatory developments in the US, such as President Donald Trump’s establishment of a Digital Asset Stockpile and advancing stablecoin regulations, could propel broader crypto adoption.

“We expect protocols successful in gaining user traction to outperform and Bitcoin’s dominance to decline,” Sygnum wrote. 

Increased focus on economic value ignites competition

Sygnum also said that competition would increase as the market focuses on economic value. Increased competition in a market often results in better products, ultimately benefiting consumers: 

“The market’s increased focus on economic value compels greater competition for user growth and revenues, with rising protocols such as Toncoin, Sui, Aptos, Sonic, or Berachain taking different approaches.”

Sygnum added that while high-performance blockchains address limitations of the Bitcoin, Ethereum and Solana blockchains, these chains find it challenging to achieve meaningful adoption and fee income. 

Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum
Sector breakdown by market capitalization. Source: Sygnum

The report highlighted that some approaches have been more sustainable. These include Berachain’s approach of incentivizing validators to provide liquidity to decentralized finance (DeFi) applications, Sonic’s rewarding developers that attract and retain users, and Toncoin’s Telegram affiliation to access one billion users.

Aside from layer-1 chains, Sygnum highlighted that layer-2 networks like Base also have potential. The report pointed out that while the memecoin frenzy on the blockchain pushed its users and revenue to new highs, it made an equally sharp decline after memecoins started losing steam. 

Despite this, Sygnum noted that Base remains the layer-2 leader in metrics like daily transactions, throughput and total value locked. 

Related: Italy finance minister warns US stablecoins pose bigger threat than tariffs

Memecoins still a leading crypto narrative in Q1

Despite recent price declines, memecoins remained a dominant crypto narrative in Q1 2025. A CoinGecko report recently highlighted that memecoins remained dominant as a crypto narrative in the first quarter of 2025. The crypto data company said memecoins had 27.1% of global investor interest, second only to artificial intelligence tokens, which had 35.7%.

While retail investors are still busy with memecoins, institutions have a different approach. Asset manager Bitwise reported on April 14 that publicly traded firms are stacking up on Bitcoin. At least twelve public companies purchased Bitcoin for the first time in Q1 2025, pushing public firm holdings to $57 billion.

Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express

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Who’s nicer – Lords or MPs?

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Who's nicer - Lords or MPs?

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

The two baronesses of the podcast finally lift the lid on the House of Lords in this special Q&A episode. What’s it really like on the red benches in parliament? And if you’re a Lord, are you a has-been?

Also – was Tony Blair actually cool in the 90s? Or was it just a more optimistic time in politics?

Come and join us LIVE on Tuesday 20th May at Cadogan Hall in London, tickets available now: https://www.aegpresents.co.uk/event/electoral-dysfunction-live/

Remember you can also watch us on YouTube!

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Why a ‘Trump-fest’ could be just the tonic for a special relationship under strain

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Why a 'Trump-fest' could be just the tonic for a special relationship under strain

It was perhaps not quite how officials, in London at least, had envisaged the announcement of the state visit would be made.

In the Oval Office, Donald Trump revealed the news in his own way.

“I was invited by the King and the great country. They are going to do a second fest – that’s what it is. It is beautiful,” he said during an impromptu Oval Office moment.

The question was, did this “fest” – which Mr Trump suggested could happen in September – amount to the much hyped second state visit for the American president?

Or was this actually just the smaller visit that had been offered two months ago as an initial bilateral visit at which the state visit would be discussed?

Back in February, Sir Keir Starmer presented the president with a letter from King Charles and the offer of a state visit.

The letter proposed an initial meeting between the King and the president to discuss details of the state visit at either Dumfries House or Balmoral, both in Scotland, close to Mr Trump’s golf clubs.

The King wrote: “Quite apart from this presenting an opportunity to discuss a wide range of issues of mutual interest, it would also offer a valuable chance to plan a historic second state visit to the United Kingdom… As you will know this is unprecedented by a US president. That is why I would find it helpful for us to be able to discuss, together, a range of options for location and programme content.”

As he revealed the news of his “fest” with his “friend Charles”, Mr Trump said: “I think they are setting a date for September…”

Sources have since confirmed to Sky News that it will amount to the full state visit.

Read more from Sky News:
Man hijacks plane and stabs passengers before being shot dead
Evidence contradicts Israel’s account of attack on aid workers

Gang war gripping major cities

Pic: Reuters
Image:
Sir Keir Starmer handed Trump the invite earlier this year. Pic: Reuters

‘Even more important’

It’s possible the initial less formal presidential trip may still happen between now and September. Mr Trump is in Europe for the NATO summit in June and is due in Scotland to open a new golf course soon too.

“It is the second time it has happened to one person. The reason is we have two separate terms, and it’s an honour to be a friend of King Charles and the family, William,” the president said.

“I don’t know how it can be bigger than the last one. The last one was incredible, but they say the next one will be even more important.”

His last state visit in 2019, at the invitation of the late Queen, drew significant protests epitomised by the giant blow-up “Baby Trump” which floated over Parliament Square.

The president was hosted by the Queen in June 2019. Pic: Reuters
Image:
The president was hosted by the Queen in June 2019. Pic: Reuters

Britain’s trump card

September is a little earlier than had been expected for the visit. It may be an advantage for it to happen sooner rather than later, given the profoundly consequential and controversial nature of the first few months of his second term.

The decision by the British government to play its “state visit trump card” up front back in February drew some criticism.

And since February, Mr Trump’s position on numerous issues has been increasingly at odds with all of America’s allies.

On Ukraine, he has seemingly aligned himself closely with Vladimir Putin. His tariffs have caused a global economic shock. And on issues like Greenland and Canada, a member of the Commonwealth, he has generated significant diplomatic shock.

A risk worth taking

Mr Trump is as divisive among the British public as he is in America. Sir Keir is already walking a political tightrope by choosing the softly softly approach with the White House.

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The UK government chose not to retaliate against Mr Trump’s tariffs, unlike some allies. Sir Keir and his cabinet have been at pains not to be seen to criticise the president in any way as they seek to influence him on Ukraine and seek an elusive economic deal on tariffs.

On that tariff deal, despite some positive language from the US side and offers on the table, there has yet to be a breakthrough. A continuing challenge is engaging with the president for decisions and agreements only he, not his cabinet, will make.

British officials acknowledge the risk the state visit poses. In this presidency, anything could happen between now and September.

But they argue British soft power and Mr Trump’s fondness for the Royal Family and pomp – or a “fest” as he calls it – amount to vital diplomatic clout.

For a special relationship under strain, a special state visit is the tonic.

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