MPs from around the world are urging their heads of state to follow Donald Trump’s call for jailed Hong Kong media tycoon Jimmy Lai’s release as he awaits a verdict.
Parliamentarians from 16 countries, ranging from the UK and Canada to Zambia and Paraguay, have written to their prime ministers and presidents in a coordinated global effort to get them to “form a united coalition” in support of Mr Lai.
The 77-year-old Apple Daily newspaper founder, who is a British citizen with no other passport, has been in prison in Hong Kong since December 2020 and is awaiting the final verdict in his trial, with no date set. It could come any day now.
He is accused of conspiring to collude with foreign forces and sedition under the national security law imposed on Hong Kong by Beijing following pro-democracy protests he was involved with in 2019.
In August, the US president renewed his promise to “save” Mr Lai, saying he is “going to do everything” he can to get him freed, after initially pledging to “100% get him out” weeks before the US election last November.
Now, parliamentarians, including British MPs and Lords, who are members of the Inter-Parliamentary Alliance on China (IPAC), are calling on their leaders to follow suit.
Image: Sebastien Lai holds a picture of his father Jimmy Lai. File pic: AP
In their letter, IPAC MPs, a group of politicians in different countries with an interest in China relations, have urged their state leaders to “join with” the US to “prioritise advocacy on Mr Lai’s behalf, and to stand in solidarity with other global leaders to form a united coalition in support of Mr Lai”.
The MPs wrote: “A clear and coordinated international response is essential to challenge the injustice he faces and to reaffirm the universal principles of democracy, human rights, and freedom of the press.”
They said without a globally coordinated intervention “at the highest levels” Mr Lai will be convicted and die in prison.
“We implore you to take up Mr Lai’s case personally, in coordination with other leaders of democratic countries,” they said.
Mr Lai’s son, Sebastien Lai, told Sky News last month that if the British government fails to act, “my father is most likely going to die in jail”.
The MPs have said Mr Lai is now an elderly man who has been separated from his family and held in solitary confinement for more than four years “simply for democratic values and the basic freedoms promised to the people of Hong Kong”.
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‘My father will die in jail’
Signatory and UK Labour MP Sarah Champion, chair of the international development committee, told Sky News: “Jimmy Lai has been left to languish in solitary confinement for over four years, his imprisonment is a blatant violation of human rights and press freedom.
“A strong and united global response is needed and Britain must join with our allies in calling for his immediate release.”
MPs who are sending letters to their leaders come from: Albania, UK, Canada, France, Kenya, Sweden, Australia, Romania, Zambia, The Phillippines, the European Parliament, Bosnia and Herzegovina, Paraguay, Netherlands, New Zealand and Norway.
Image: Labour MP Sarah Champion is one of the signatories from the UK. File pic
The Chinese embassy in London has previously denied claims the prosecution of Mr Lai is to silence criticism.
A spokesman said the UK’s previous remarks criticising Hong Kong over Mr Lai “confuse right and wrong and interfere with the rule of law in Hong Kong. We are firmly opposed to that”.
They have repeatedly said Hong Kong is governed by the rule of law and “any illegal criminal behaviour should be punished by law”.
The shutdown of the US government entered its 38th day on Friday, with the Senate set to vote on a funding bill that could temporarily restore operations.
According to the US Senate’s calendar of business on Friday, the chamber will consider a House of Representatives continuing resolution to fund the government. It’s unclear whether the bill will cross the 60-vote threshold needed to pass in the Senate after numerous failed attempts in the previous weeks.
Amid the shutdown, Republican and Democratic lawmakers have reportedly continued discussions on the digital asset market structure bill. The legislation, passed as the CLARITY Act in the House in July and referred to as the Responsible Financial Innovation Act in the Senate, is expected to provide a comprehensive regulatory framework for cryptocurrencies in the US.
Although members of Congress have continued to receive paychecks during the shutdown — unlike many agencies, where staff have been furloughed and others are working without pay — any legislation, including that related to crypto, seems to have taken a backseat to addressing the shutdown.
At the time of publication, it was unclear how much support Republicans may have gained from Democrats, who have held the line in demanding the extension of healthcare subsidies and reversing cuts from a July funding bill.
Is the Republicans’ timeline for the crypto bill still attainable?
Wyoming Senator Cynthia Lummis, one of the market structure bill’s most prominent advocates in Congress, said in August that Republicans planned to have the legislation through the Senate Banking Committee by the end of September, the Senate Agriculture Committee in October and signed into law by 2026.
Though reports suggested lawmakers on each committee were discussing terms for the bill, the timeline seemed less likely amid a government shutdown and the holidays approaching.
Japan’s financial regulator, the Financial Services Agency (FSA), endorsed a project by the country’s largest financial institutions to jointly issue yen-backed stablecoins.
In a Friday statement, the FSA announced the launch of its “Payment Innovation Project” as a response to progress in “the use of blockchain technology to enhance payments.” The initiative involves Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi Corporation and its financial arm and Progmat, MUFG’s stablecoin issuance platform.
The announcement follows recent reports that those companies plan to modernize corporate settlements and reduce transaction costs through a yen-based stablecoin project built on MUFG’s stablecoin issuance platform Progmat. The institutions in question serve over 300,000 corporate clients.
The regulator noted that, starting this month, the companies will begin issuing payment stablecoins. The initiative aims to improve user convenience, enhance Japanese corporate productivity and innovate the local financial landscape.
The participating companies are expected to ensure that users are protected and informed about the systems they use. “After the completion of the pilot project, the FSA plans to publish the results and conclusions,” the announcement reads.
The announcement follows the Monday launch of Tokyo-based fintech firm JPYC’s Japan-first yen-backed stablecoin, along with a dedicated platform. The company’s president, Noriyoshi Okabe, said at the time that seven companies are already planning to incorporate the new stablecoin.
Recently, Japanese regulators have been hard at work setting new rules for the cryptocurrency industry. So much so that Bybit, the world’s second-largest crypto exchange by trading volume, announced it will pause new user registrations in the country as it adapts to the new conditions.
Local regulators seem to be opening up to the industry. Earlier this month, the FSA was reported to be preparing to review regulations that could allow banks to acquire and hold cryptocurrencies such as Bitcoin (BTC) for investment purposes.
At the same time, Japan’s securities regulator was also reported to be working on regulations to ban and punish crypto insider trading. Following the change, Japan’s Securities and Exchange Surveillance Commission would be authorized to investigate suspicious trading activity and impose fines on violators.
The European Union is considering a partial halt to its landmark artificial intelligence laws in response to pressure from the US government and Big Tech companies.
The European Commission plans to ease part of its digital rulebook, including the AI Act that took effect last year, as part of a “simplification package” that is to be decided on Nov. 19, the Financial Times reported on Friday.
If approved, the proposed halt could allow generative AI providers currently operating in the market a one-year compliance grace period and delay enforcement of fines for violations of AI transparency rules until August 2027.
“When it comes to potentially delaying the implementation of targeted parts of the AI Act, a reflection is still ongoing,” the commission’s Thomas Regnier told Cointelegraph, adding that the EC is working on the digital omnibus to present it on Nov. 19.
EU’s AI Act entered into force in August 2024
The commission proposed the first EU AI law in April 2021, with the mission of establishing a risk-based AI classification system.
Passed by the European Parliament and the European Council in 2023, the European AI Act entered into force in August 2024, with provisions expected to be implemented gradually over the next six to 36 months.
An excerpt from the EU AI Act’s implementation timeline. Source: ArtificialIntelligenceAct.eu
According to the FT, a bulk of the provisions for high-risk AI systems, which can pose “serious risks” to health, safety or citizens’ fundamental rights, are set to come into effect in August 2026.
With the draft “simplification” proposal, companies breaching the rules on the highest-risk AI use could reportedly receive a “grace period” of one year.
The proposal is still subject to informal discussions within the commission and with EU states and could still change ahead of its adoption on Nov. 19, the report noted.
“Various options are being considered, but no formal decision has been taken at this stage,” the EC’s Regnier told Cointelegraph, adding: “The commission will always remain fully behind the AI Act and its objectives.”
“AI is an incredibly disruptive technology, the full implications of which we are still only just beginning to fully appreciate,” Mercuryo co-founder and CEO Petr Kozyakov said, adding:
“Ultimately, Europe’s competitiveness will depend on its ability to set high standards without creating barriers that may risk letting innovation take place elsewhere.”
The EU’s potential suspension of parts of the AI Act underscores Brussels’ evolving approach to digital regulation amid intensifying global competition from the US and China.