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Sir Keir Starmer and Donald Trump “stressed the importance of the close and warm ties” between their countries and “agreed to meet soon” in a phone call, Downing Street has said.

During the conversation on Sunday, the prime minister congratulated the president on his inauguration and paid tribute to his “role in securing the landmark ceasefire and hostages deal in Gaza“, according to a Number 10 spokesperson.

The two leaders “discussed the importance of working together for security in the Middle East” as well as “trade and the economy”.

Sir Keir told the US leader how he plans to deregulate the UK economy to boost growth, and the president spoke of his “respect and affection for the Royal Family“.

Mr Trump also gave his condolences to Sir Keir over the loss of his brother, who died on Boxing Day.

Earlier this weekend, the president said he thinks Sir Keir has “done a very good job” so far.

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He and the prime minister “get along well” despite Sir Keir being “liberal, which is a little bit different from me”, he told reporters travelling with him on Air Force One.

“He’s represented his country in terms of his philosophy. I may not agree with his philosophy but I have a very good relationship with him.”

Sir Keir previously met Mr Trump for dinner at Trump Tower in New York in September, before he was elected president for a second time.

He held two pre-inauguration calls with the new US president.

Mr Trump said his first international trip could be to the UK or Saudi Arabia – the first country he travelled to as president during his first term.

He said “traditionally” it could be the UK – but last time he travelled to Saudi Arabia because it agreed to buy billions of dollars of US merchandise.

“If that offer were right, I’d do that again,” he said.

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Senator Tim Scott pushes for December vote on crypto market bill

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Senator Tim Scott pushes for December vote on crypto market bill

Senate Banking Committee Chair Tim Scott says he’s looking to mark up a crypto market structure bill next month to have it on President Donald Trump’s desk by early next year.

Scott told Fox Business on Tuesday that the committee has been negotiating with Democrats to reach a deal, but accused the party’s senators of stalling.

“Next month, we believe we can mark up in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation making America the crypto capital of the world,” Scott said.

Law, Senate, US Government, Bills
Banking Committee Chairman Tim Scott says a vote on the market structure bill could occur in December. Source: YouTube

The House passed the CLARITY Act in July, which outlines the Commodity Futures Trading Commission and the Securities and Exchange Commission’s power to regulate crypto, and the Senate has been working on its own version of the bill.

Republicans on the Senate Banking Committee released a discussion draft on their section of the bill in July and suggested it would marry up with the CLARITY Act, and the Senate Agriculture Committee released its discussion draft on Nov. 10, which left much of the bill up for change.

The Agriculture Committee has jurisdiction over the CFTC, while the Banking Committee oversees the SEC and is leading parts of the bill relating to securities laws. 

Bill will create clear rules and unlock crypto: Armstrong

Coinbase CEO Brian Armstrong said in a video posted to X on Tuesday that he was in Washington, DC, “pushing for market structure legislation,” and noted there had been “a lot of progress.”

“Senate banking is also working nights and weekends to get the next iteration of their text out, so we’ve got a good chance, I think, of a markup for this bill in December, hopefully get it to the president’s desk shortly thereafter,” Armstrong said.

“This would be a big milestone to get crypto unlocked with clear rules in the US, which would benefit all companies,” he added.

Where the bill will go from here

The CLARITY Act was one of three major crypto bills the House passed in July after a 10-hour voting session alongside the GENIUS Act, which aims to regulate stablecoins and the Anti-CBDC Surveillance Act, which outlaws central bank digital currencies. 

Related: Regulator clarifies US banks can handle gas fees using crypto holdings

As the Senate is working on its own version, the CLARITY Act will return to the House for final approval if it’s passed by the Senate. It would then be sent to Trump to be signed into law.