A group of school children in their smart uniforms skip past us, overseen by their mums and dads.
In front of us, the highway is empty of all cars except for two armoured police vehicles slowly making their way up a hill.
The children and their parents are on “Airport Road”, which leads into the centre of Port-au-Prince, the capital of Haiti. The airport is a few miles away to the north.
The parents are leading the children to an intersection where they will turn right towards their homes.
Police use heavily-armoured vehicles to patrol in Port-au-Prince
Everything beyond that intersection is gang territory, and nobody ventures past it but the police, who appear to be probing the gangs’ defences.
This part of the Airport Road, beyond the intersection and stretching for miles, is an area controlled by the gangster Jimmy Cherizier, known here and abroad as “Barbecue”.
The security forces are desperate to capture Barbecue, himself a former policeman, and to dismantle his gang.
A boy sleeps at the bottom of a staircase inside a displacement camp
As the families near the intersection, automatic gunfire bursts from the turret of one of the armoured police vehicles. Instantly the children and their parents run for safety, hugging a wall – they know what is about to happen.
Within seconds the police are being attacked with volleys of machine gun fire. We watch holding our breaths, and thankfully all the children make it round the corner to the relative safety of a side street.
They live on the edge of what’s called the “red zone” where the gangs control the streets.
Security forces want to take it back.
Getting out of the cars would be suicide for police officers
The first armoured police vehicle makes it into Barbecue’s territory unscathed, but the second vehicle is hit.
One of its tyres is punctured, so they have no choice but to turn back.
The firing intensifies as the police vehicle makes its way down the hill, and we can hear the crack of bullets as the gangs target the police.
My team and I are travelling in two separate armoured 4x4s. The police are the targets, and we are filming their exchanges with gang members hidden up the hill and in side streets, firing from multiple positions.
As the police vehicle nears the intersection once again, it comes under sustained fire.
At this point the streets and the intersection are completely empty of people and traffic, anyone in the vicinity has taken cover.
A stray round passes uncomfortably close by our team still outside the vehicles, so we decide it’s time to go, and reverse as the armoured police vehicle loses its tyre, rolling forward on its rim.
Children caught in the crossfire in Port-au-Prince
Getting out would be suicidal for the police. The vehicle limps towards another crossroads to get away from the firing.
This, I’m told, is just an ordinary day in Port-au-Prince.
Nobody can fully agree on a number, but by most estimates, the gangs control around 90% of Port-au-Prince now. People don’t venture into their areas, and cars turn away from the boundaries to avoid being hit by sniper fire from inside or being caught in the crossfire.
Barbara Gashiwi and baby Jenna
Hundreds of thousands of Haitians have lost their homes, and many now find themselves in heaving makeshift displacement camps. They huddle for protection, but in reality there really isn’t much on offer.
In a narrow alleyway in a camp set up in the grounds of a church, I meet Barbara Gashiwi, a new mum. She gave birth to her daughter Jenna a month ago, beneath the plastic sheets where she still sits.
Barbara was forced out of her home by the gangs days before she was due to give birth.
Barbara Gashiwi tells Sky News she doesn’t think she’ll ever be able to go home
“They pulled guns on us and told us to give up the house, after that we ran outside on to the street and took off,” she told me.
She says she doesn’t think she will ever go back to her home again. Very few of the 10,500 people living in this one displacement camp believe they will ever go home.
The gang warfare has left some Port-au-Prince streets completely derelict
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A year ago, we visited displaced Haitians living inside the government’s communication ministry.
At the time we walked in off the street, but this time we could barely move for the crowds – the forecourt is now a camp too, and the difference is stark.
The government has abandoned this and other ministries, moving higher up to safer ground, leaving whole communities on their own.
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March 2024: Thousands flee Haiti violence
The gangs’ lawless, and often murderous, activity means that the roughly 10% of Port-au-Prince still free is packed with people and traffic.
Just a few districts in Port-au-Prince are left, and they’re completed surrounded, leaving the people who live in this city squeezed into the only places that haven’t fallen.
The few free districts in the capital are packed with people and traffic
It’s hard to describe the claustrophobia and tension that pervades life here.
And with everything else happening in the world right now, the people of Haiti feel they’ve been abandoned, and are condemned to live their lives under the rule of the gun.
Stuart Ramsay reports from Haiti with camera operator Toby Nash, senior foreign producer Dominique Van Heerden, and producers Brunelie Joseph and David Montgomery.
The US Securities and Exchange Commission’s sole Democratic Commissioner has said the agency is “playing a game of regulatory Jenga” with its approach to the crypto industry and market regulation under the Trump administration.
In May 19 remarks at the SEC Speaks event, Commissioner Caroline Crenshaw cautioned against what she described as a dangerous dismantling of “discrete but interrelated rules” on crypto and the wider market.
She likened market stability to a “Jenga tower” that the agency’s rules had “carefully developed over the years,” which could topple if some rules were removed.
In addition to a lamentable loss of staff, Crenshaw said the SEC has used staff guidance to effectively reverse rules without proper analysis or public comment, particularly around crypto
“Our statements on these crypto-related issues are the equivalent of a wink and nod intended to convey that we do not plan to rigorously apply our laws in certain, specific situations.”
She added that the regulator has abandoned enforcement actions, especially in crypto markets, creating what she calls “regulation by non-enforcement.”
“I am deeply troubled by the Commission’s abandonment of swaths of our enforcement program,” she said.
Crenshaw, the SEC’s last remaining Democrat commissioner, said the agency’s “about-face” is problematic for a host of reasons, such as corroding its reputation in court, undermining its credibility, and casting doubt on the state of “longstanding and fundamental case law.”
Related: SEC is scaling back its crypto enforcement unit: Report
Crenshaw, who had also opposed the SEC’s settlement with Ripple, said in her latest remarks that the 2022 FTX collapse was an example of what a “large-scale crypto crisis” can look like.
“Those risks have not gone away, but the calls for serious regulatory scrutiny are a lot quieter these days,” she said.
“Failing to appreciate and address these risks and complexities destines us to repeat hard lessons with high stakes as crypto becomes increasingly entangled with traditional finance.”
In comparison, remarks from the SEC’s Republican commissioners welcomed the agency’s embrace of the crypto sector.
Crypto was “languishing in SEC limbo”
SEC chair Paul Atkins said at the SEC Speaks event that “crypto markets have been languishing in SEC limbo for years,” adding that the agency should not be in the business of stifling innovation of crypto companies.
Commissioner Hester Peirce, who heads the SEC’s Crypto Task Force, said in remarks that the agency’s approach under the Biden administration has “evaded sound regulatory practice and must be corrected.”
She also claimed that crypto did not come under the purview of securities laws because “most currently existing crypto assets in the market” are not securities.
“Even if a broad swath of the crypto assets trading in secondary markets today were initially offered and sold subject to an investment contract, they clearly are no longer bought and sold in securities transactions. Many of these crypto assets are functional.”
Commissioner Mark Uyeda echoed the sentiment of his peers, stating that the SEC “should undertake efforts to provide assurances that regulation by enforcement will not be a tool used for future policymaking.”
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The US Senate has voted to advance a key stablecoin-regulating bill after Democrat Senators blocked an attempt to move the bill forward earlier in May over concerns about President Donald Trump’s sprawling crypto empire.
A key procedural vote on the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, passed in a 66-32 vote on May 20.
Several Democrats changed their votes to pass the motion to invoke cloture, which will now set the bill up for debate on the Senate floor.
Republican Senator Cynthia Lummis, one of the bill’s key backers, said on May 15 that she thinks it’s a “fair target” to have the GENIUS Act passed by May 26 — Memorial Day in the US.
The GENIUS Act was introduced on Feb. 4 by US Senator Bill Hagerty and seeks to regulate the nearly $250 billion stablecoin market — currently dominated by Tether (USDT) and Circle’s USDC (USDC).
The bill requires stablecoins be fully backed, have regular security audits and approval from federal or state regulators. Only licensed entities can issue stablecoins, while algorithmic stablecoins are restricted.
Several Democratic senators withdrew support for the bill on May 8, blocking a motion to move it forward, citing concerns over potential conflicts of interest involving Trump’s crypto ventures and anti-money laundering provisions.
Related: Circle plans IPO but talks with Ripple, Coinbase could lead to sale: Report
The bill was revised soon after to receive enough bipartisan support to proceed to a vote.
Hagerty’s stablecoin bill builds on the discussion draft he submitted for former Representative Patrick McHenry’s Clarity for Payment Stablecoins Act in October.
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