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A coalition between the Conservatives and Reform would be a “disaster for Britain”, Sir Keir Starmer has said as he defended his record on immigration.

The prime minister said voters of the rival parties were “being conned” as he suggested there were attempts to merge the two parties going on “behind the scenes”.

The prime minister was asked by Sky News political editor Beth Rigby whether he was “more worried” about Reform rather than the Conservatives ahead of the local and mayoral elections taking place across England this week.

He said: “I would challenge either of them.

“The Tories have got a terrible record – 14 years of failure. Reform moan about everything, but have got no answers. And at the end of the day, Reform and the Tories, there’s all this talk about them getting together and merging.

“If you’re a Tory voter who doesn’t want a pro-Russia foreign policy, how does a merger with Reform work for you? If you’re a Reform voter that thinks the Tories have failed for 14 years, how does a merger or coalition with the Tories work for you?”

He added: “Both sets of voters are being conned, because behind the scenes and behind the leader of the opposition, other people are looking for a coalition of these two parties.

More on Keir Starmer

“It would be a disaster for Britain.”

Sir Keir was challenged about the threat of Reform as the number of migrants crossing the Chanel in small boats this year is set to pass 10,000.

The number is recorded from between January and April this year and is more than in any equivalent four-year period since monitoring began in 2018.

The Labour leader said there was a “serious problem” but accused the last government of losing control of the country’s borders.

He added: “My strong belief is that we need to take down the gangs that are running the trade of putting people into boats.

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Starmer on Arsenal, losing to Farage and delivering change

“That’s why we’re passing the Borders Bill – that gives much greater powers to our law enforcement. The Tories actually voted against that, if you can believe it.

“But also, what we’ve done is to… put an intense focus on removing people who have no right to be in this country, so 24,000 have been returned since we’ve had a Labour government.

“That’s the highest for nearly a decade I’m not going to duck your challenge, we’ve got to do more, but I think passing the legislation to get those stronger powers.”

Speculation that the Tories and Reform could join forces heightened after two senior Conservatives appeared to advocate for some sort of agreement between the two rival parties.

Robert Jenrick, the shadow justice secretary, was captured in a video recording leaked to Sky News vowing to “bring this coalition together” to ensure that Conservatives and Reform UK are no longer competing for votes by the time of the next general election.

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What leaked audio of Jenrick tells us

Mr Jenrick has denied his words amounted to calling for a pact with Reform.

Meanwhile, in an interview with Politico, the Conservative Tees Valley Mayor Ben Houchen also suggested the two parties should join forces in some way.

“I don’t know what it looks like. I don’t know whether it’s a pact. I don’t know whether it’s a merger… [or] a pact of trust and confidence or whatever,” he said.

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“But if we want to make sure that there is a sensible centre-right party leading this country, then there is going to have to be a coming together of Reform and the Conservative Party in some way.”

On Sunday, Kemi Badenoch did not rule out forming coalitions with Reform after the council elections on Thursday – but she did categorically rule out a pact with Nigel Farage’s party on a national level.

“I am not going into any coalition with Nigel Farage… read my lips,” she Sunday Morning with Trevor Phillips.

This is part of a series of election previews with all major parties invited.

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Voting under way to decide thousands of councillors and Runcorn and Helsby by-election

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Voting under way to decide thousands of councillors and Runcorn and Helsby by-election

Voting is under way in local elections across England, as well as in the Runcorn and Helsby by-election.

Due to Ofcom rules, Sky News is limited on what it can report until polls close at 10pm.

The votes mark the first electoral test for the party leaders since last year’s general election.

In total, 23 of England’s 317 local authorities are holding elections, alongside the Isles of Scilly.

The make up of around 1,270 parish councils are also due to be decided.

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Follow local elections results here
Where are they and how do I
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And six metro mayors are up for election.

The West of England, Cambridgeshire and Peterborough, Doncaster, and North Tyneside mayoralties already have a mayor in place – while Greater Lincolnshire and Hull and East Yorkshire are choosing a mayor for the first time.

Meanwhile, a by-election is being held in Runcorn and Helsby after previous Labour MP Mike Amesbury agreed to stand down following his conviction for punching a man in the street.

While this result is likely to come in overnight, most local election results won’t be known until Friday.

All voters in these elections must be over 18, and be registered.

Join Sky News presenter Jonathan Samuels and deputy political editor Sam Coates from midnight as the results start coming in. Lead politics presenter Sophy Ridge, political editor Beth Rigby, and data and economics editor Ed Conway will be taking over on Friday to report and explain what has happened.

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North Carolina House passes state crypto investment bill

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North Carolina House passes state crypto investment bill

North Carolina House passes state crypto investment bill

North Carolina’s House of Representatives has passed a bill allowing the state’s treasurer to invest public funds in approved cryptocurrencies, which will now head to the Senate.

The House passed the Digital Assets Investment Act, or House Bill 92, on its third reading on April 30 by a vote of 71 to 44.

Republican House Speaker Destin Hall introduced the bill in February, which would allow the treasurer to allocate 5% of the state’s investments into designated digital assets.

The investments can only be made after obtaining an independent third-party assessment confirming that the crypto holdings are maintained with a secure custody solution and risk oversight and regulatory compliance standards are met. 

New amendments allow the treasurer to examine the feasibility of allowing members of retirement and deferred compensation plans to elect to invest in digital assets held as exchange-traded products (ETPs).

The House also passed a related bill, the State Investment Modernization Act, or HB 506, with little discussion on April 30, in a 110 to 3 vote.

The bill aims to create the North Carolina Investment Authority (NCIA) to take over investment management from the treasurer.

If passed into law, authority to invest in digital assets would transfer from the treasurer to NICA, and it would require approval from its board of directors based on third-party assessments to make crypto investments.

Local news outlet NC Newsline reported that Treasurer Brad Briner supports both bills.

North Carolina House passes state crypto investment bill
Crypto legislation race. Source: Bitcoin Laws

Arizona leads the crypto bill race

North Carolina is second to Arizona in the state-level race to approve legislation allowing local governments to invest in cryptocurrencies. 

Related: New Hampshire Bitcoin reserve bill heads to full Senate vote

On April 28, Arizona’s House approved two bills, SB 1025 and SB 1373, proposing different methods for the state to establish a crypto reserve.

Arizona is the only state whose House and Senate have passed crypto-related bills, which are both awaiting Governor Katie Hobbs’ decision.

Magazine: ZK-proofs unlock trillions in Bitcoin for DeFi — BitcoinOS and Starknet

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US crypto groups urge SEC for clarity on staking

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US crypto groups urge SEC for clarity on staking

US crypto groups urge SEC for clarity on staking

Nearly 30 crypto advocate groups led by the lobby group the Crypto Council for Innovation (CCI) have asked the Securities and Exchange Commission for clear regulatory guidance on crypto staking and staking services.

The CCI’s Proof of Stake Alliance (POSA) group argued in an April 30 letter to the agency’s Crypto Task Force lead, SEC Commissioner Hester Peirce, that staking is fundamentally a technical process, not an investment activity. 

“Staking isn’t niche — it’s the backbone of the decentralized internet,” the letter said. 

The letter responded to the SEC’s call for public input on whether staking and liquid staking, where crypto users lock up their tokens to earn more, should be regulated under federal securities laws.

The coalition called for the SEC to support responsible inclusion of staking features in exchange-traded products (ETPs), and “avoid overly prescriptive rules that could freeze market structures and stifle innovation in the staking space.”

The group argued that staking fails to meet the securities-defining Howey test definition of an “investment contract” as stakers retain ownership of their assets.

Proof-of-Stake, SEC
Source: Crypto Council for Innovation

They added that blockchain protocols, not a staking provider’s efforts, determine rewards, and providers don’t deliver profits through managerial decisions like a company does. 

The letter requested that the SEC Issue principles-based guidance similar to recent SEC staff statements on proof-of-work mining.

“In the past 4 months, we’ve seen more movement and constructive dialogue with the SEC than in the past 4 years,” the group said. “Now, the industry is stepping up with concrete principles to include in guidance — a reflection of this new collaborative approach.”

Related: Ethereum ETF staking will have little impact without multimonth rally: Analyst

The group argued that the existing securities disclosure regime is ill-suited for staking services, which are fundamentally technical rather than financial in nature. 

Big names in support of staking clarity 

The Proof of Stake Alliance includes several high-profile crypto organizations and companies, including the venture capital firm Andreessen Horowitz (a16z), blockchain software firm Consensys, and the crypto exchange Kraken, which restored staking services in the US earlier this year.

The SEC has yet to approve a crypto staking exchange-traded fund (ETF) and delayed the decision on allowing staking for Grayscale’s spot Ether ETF on April 14.

In April, Bloomberg ETF analyst James Seyffart predicted that an Ether ETF that includes staking could come as soon as May.

Magazine: ZK-proofs unlock trillions in Bitcoin for DeFi — BitcoinOS and Starknet

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