First Republican presidential debate to feature pro-crypto candidates
Candidates for the Republican nomination for the 2024 United States presidential election who have publicly expressed their support or disdain for certain crypto-related policies will be meeting for a debate for the first time.
At the time of publication, eight presidential candidates with the Republican Party are expected to appear in Milwaukee on Aug. 23 in the party’s first debate ahead of the 2024 election season. Former U.S. Presidential Donald Trump, the party frontrunner currently facing multiple criminal indictments related to his alleged role in attempting to overturn the results of the 2020 election and other crimes, has publicly stated he will not be appearing with the other candidates.
The Aug. 23 event will be the first time many of the Republican candidates have been in the same room amid political campaigns which may have targeted their rivals. Though it’s unclear if cryptocurrencies and blockchain will be mentioned at the debate, some of the candidates have explicitly mentioned plans to include the technology in policies should they win the party nomination and the presidential election.
Florida Governor Ron DeSantis, who is trailing in the double digits behind Trump according to several polls, will be the leading candidate among the eight contenders. In July, the Florida Governor promised to ban central bank digital currencies (CBDC) in the U.S. should he be elected president, citing concerns with giving the government authority over consumer payments. He previously signed a bill aimed at largely prohibiting the use of a federally-issued digital dollar in Florida.
Vivek Ramaswamy, who at 38 years old is the youngest candidate in the running, has advocated for the 2024 election to be a “referendum on fiat currency”. He spoke at the Bitcoin 2023 in Miami to announce his campaign would be accepting Bitcoin (BTC) donations, later receiving praise from X CEO Elon Musk as a “promising” candidate.
Miami Mayor Francis Suarez, who gained popularity in the space for promoting pro-crypto policies in his city, entered the presidential race in June. During his time as mayor, he announced he would accept certain paychecks in BTC and was involved in the MiamiCoin token project for Miami residents.
Suarez said in a now-deleted X on Aug. 18 he had qualified to appear at the Republican debate. However, this claim was contradicted by GOP officials on Aug. 21 following an announcement regarding the debate participant list — eight names, with Suarez not among them.
Other candidates appearing on Aug. 23 will include North Dakota Governor Doug Burgum, South Carolina Senator Tim Scott, former United Nations ambassador Nikki Haley, former U.S. Vice President Mike Pence, former New Jersey Governor Chris Christie, and former Arkansas Governor Asa Hutchinson. Robert F. Kennedy Jr., another presidential candidate who has expressed pro-crypto views and purchased BTC for his children, is running as a Democrat and will not speak in Milwaukee.
Related: Democrats’ ‘war on crypto’ will lose its key voters — Winklevoss twins
The 2024 elections in the United States could change the way the government addresses digital asset policies, with a party shakeup possible in the House of Representatives, Senate, and White House. Republicans currently hold a majority in the House, but all 435 seats will be up for election in November 2024. In the Senate, where Democrats have a slim majority, 33 seats out of 100 will be up for grabs.
In July, Republican lawmakers with the House Financial Services Committee passed through two bills aimed at establishing regulatory clarity for crypto firms. The legislation has not been scheduled for a full House vote at the time of publication, but partisan delays could push the bills into the next session of Congress.
Magazine: Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’
British Palestinians have called on Sir Keir Starmer to take “immediate, concrete” steps on Gaza instead of “focusing on a symbolic gesture” of recognising it as a state ahead of an emergency cabinet meeting.
The prime minister has recalled his cabinet ministers from parliamentary recess for a meeting at 2pm, when they will discuss what the UK’s next steps should be, after Sir Keir held meetings with Donald Trump yesterday.
Ahead of the cabinet meeting, the British Palestinian Committee (BPC), which represents the experiences of Palestinians in the UK, has sent Sir Keir a letter urging him to take actions they say could make a real difference to people in Gaza.
Gaza latest: ‘Worse-case scenario of famine’ unfolding
The war has now been going on for 21 months after it was sparked by Hamas militants killing 1,200 Israelis and taking 250 hostages on 7 October 2023. The militant group still holds 50 hostages, of whom only 20 are believed to be alive.
The BPC said recognising Palestine as a state is now “symbolic” as it “will not end the genocide and must not be used to deflect from accountability”.
Sir Keir has been under pressure from his own MPs and other UK political parties, notably since France said it will recognise Palestine as a state, but has so far resisted – saying recognition needs to be part of a wider peace plan.
He has so far refused to say whether “genocide” is taking place in Gaza – a claim Israel has vehemently denied.
Israel has paused fighting in three areas for another 10 hours today to help aid distribution, the third day it has done so amid mounting international condemnation of the scenes of hunger unfolding in Gaza.
David Mencer, a spokesperson for the Israeli government, said: “There is no intent, (which is) key for the charge of genocide… it simply doesn’t make sense for a country to send in 1.9 million tonnes of aid, most of that being food, if there is an intent of genocide.”
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Sky News on board Gaza aid plane
The BPC, an independent group, said the government has “not only a political and moral obligation, but a legal obligation” to take three steps.
They are:
• Preventing and punishing Israel’s “genocide” in Gaza and to end “all complicity in it”
• Apply “immediate and comprehensive sanctions on Israel”
• Safeguard the rights to freedom of expression and assembly in the UK
More specifically, the group has called on Sir Keir to end “all forms of military collaboration, urgently review all public contracts to ensure they are not aiding unlawful occupation or genocidal acts, and support universal jurisdiction mandates”.
Read more:
25% of young children and pregnant women malnourished in Gaza
The view from a plane dropping aid into Gaza
The BPC said the UK could take immediate steps to help starving Gazans. Pic: Reuters
The group said these steps would help towards ending the starvation crisis in Gaza, which it said had been made possible “due to the impunity granted to” Israel and “compounded by the active military, economic and diplomatic support from states such as the UK”.
The group also accused the UK government of introducing “draconian legislation to limit the rights” of British citizens campaigning to end the atrocities “and British complicity in those atrocities” – in reference to Palestine Action being designated as a terrorist organisation.
‘Immediate steps’ Britain can take
Dr Sara Husseini, director of the BPC, said: “We wrote to the prime minister to remind the UK cabinet of their legal obligations towards the Palestinian people.”
She said there are a “number of immediate steps” the British government “can and should be taking”, as outlined in the letter.
Dr Husseini said 147 countries have already recognised Palestine as a state, and instead of “focusing on a symbolic gesture” it is essential the UK severs diplomatic ties with Israel, institutes a full arms embargo, applies comprehensive sanctions and cuts trade.
“Anything short of this amounts to complicity,” she added.
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Has Trump broken from Netanyahu over Gaza?
Ahead of the cabinet meeting, senior minister Peter Kyle told Sky News the PM had decided to call an emergency meeting “to discuss all of the actions that Britain can and should be taking at a time like this”.
He said recognising Palestine as a state is a manifesto commitment but the “real priority” right now is to try to get aid into Gaza.
Jeremy Corbyn and Zarah Sultana’s new party will offer “unapologetically socialist” policies, with the pair to embark on a nationwide tour to listen to ideas, Sky News understands.
The former Labour MPs are aiming to hold the party’s first conference in the autumn to help decide what it stands for and models of leadership.
Farage condemns ‘disgusting’ Savile remark – politics live
Ms Sultana told Sky News its policies will include “democratic public ownership of key industries, universal free childcare, rent controls, free public transport and much more”.
Mr Corbyn, the ex-Labour leader, added there is “huge appetite for the policies that are needed to fix society”, including “wealth redistribution, housing justice, and a foreign policy based on peace and human rights”.
The autumn conference will be for paid members rather than those who have simply signed up to the party’s website.
How to translate signups into membership, and exactly how members will have their say on policies, will be discussed as part of a “founding process” over the next few months.
This will involve local engagement with communities up and down the country, including rallies and meetings fronted by Mr Corbyn and Ms Sultana, as well as “other public figures”, a source close to the party told Sky News.
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Corbyn’s new party shakes the left
Election goals
While there are many details to be fleshed out, including the name, the pair’s “primary aim” is to make gains at the local elections next May, it is understood.
Mr Corbyn and Ms Sultana announced their new venture last Thursday, and claim more than half a million people have signed up, but “Your Party” is only an interim name. Members will decide the official one in due course.
Insiders have claimed they are attracting support from a wide geographical area, the strongest bases being in London, the North West, and Yorkshire and the Humber.
It remains to be seen whether those who have expressed an interest will go on to join the party.
However, there is a risk it could eat into Labour’s vote share by attracting those on the left unhappy with the direction of the Starmer government, particularly on issues like Gaza and welfare.
Read more:
PM’s warfare vs welfare dilemma
‘Worst-case’ famine warning in Gaza
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Corbyn open to ideas on new party name
Mr Corbyn led the Labour Party from 2015 to 2020 before being suspended following a row over a report into antisemitism. He retained his seat in Islington North after standing in last year’s general election as an independent.
Ms Sultana was suspended as a Labour MP last year after rebelling against the government over the two-child benefit cap, and announced she was quitting the party to launch a new one with Mr Corbyn earlier this month.
Polling by More in Common before the new outfit was officially announced suggested it could take 10% of the vote at a general election, mainly from Labour and the Greens.
This has raised the prospect of Mr Corbyn striking a deal with the Greens, where both sides would agree to stand down in seats where the other has a stronger chance of winning
Could Farage benefit?
The Islington North MP has suggested he is open to collaboration with progressive parties, but it is understood that electoral strategy will be informed by conference. It is also not clear if the Greens would agree to any such pact.
Some MPs are worried the split in the left vote could make it easier for Nigel Farage, already ahead in the polls, to enter Downing Street.
Patrick Hurley, the Labour MP for Southport, told Sky News: “The thing I’m worried about with regard to the unnamed but already chaotic Corbyn Party is that they let Reform through the middle by taking votes off a progressive centre left party like Labour.
“They won’t be a threat electorally, but they may well let the radical right wing into power by splitting the vote.”
However, Labour was dismissive of the threat the party posed, with a source saying: “The electorate has twice given its verdict on a Jeremy Corbyn-led party.”
Corporations have accumulated 1% of all Ether since June, with Standard Chartered forecasting 10% ownership as institutional appetite for ETH continues to grow.
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