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Boris Johnson and his former adviser Dominic Cummings sent “disgusting and misogynistic” WhatsApp messages that will be released by the COVID inquiry next week, George Osborne has claimed.

The former Tory chancellor said he understands that some “pretty astonishing and frankly, shocking” messages will be made public when Mr Cummings gives evidence at the hearings at the end of the month.

Speaking on the Political Currency podcast, Mr Osborne said the messages “will show people just what a complete nightmare it was” to work in Downing Street during the pandemic and “potentially some things that are going to cause some real problems for individuals who were in charge at the time”.

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Pressed for details by his co-host Ed Balls, he said he had to “be careful here because it’s a judicial inquiry”.

But he added: “From what I understand, there are some pretty staggering things that have been said on those WhatsApp messages by not just by Boris Johnson, but key advisers like Dominic Cummings, really, pretty disgusting language and misogynistic language.

“But I think that’s all I can say because I’ve already appeared once before the COVID inquiry and I don’t want to appear again before it.”

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Mr Johnson and Mr Cummings have not commented on the claims.

A string of embarrassing messages have already been released to the inquiry, including how Mr Johnson described long COVID as “b*******” and that his wife, Carrie, had been described as “the real person in charge” by the head of the UK’s civil service.

Mr Cummings has said he is due to give evidence on October 31.

He was Mr Johnson’s closest aide when the pandemic hit, and the government was forced to defend him after he drove to County Durham beauty spot Barnard Castle during the first lockdown.

He left Downing Street in November 2020 following infighting in No 10 and has since become a fierce critic of the former prime minister, suggesting he was indecisive in the response to coronavirus.

The COVID inquiry began this summer and has so far heard evidence from Mr Osborne and ex-prime minister David Cameron – who were grilled on the impact of their austerity programme on the NHS and its ability to plan for a pandemic.

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George Osborne tells the COVID inquiry that there was no planning for a lockdown and that ‘with hindsight’ more could have been done to budget for one.

The first part of the inquiry looked at the UK’s resilience and preparedness for a pandemic while the second part, which started this month, focuses on “core decision making and political governance” and will also see Mr Johnson give evidence.

As part of the inquiry, key decision makers – including ministers, former ministers and senior civil servants – have been asked to disclose communications, including those through informal channels such as WhatsApp, Microsoft Teams or Signal.

Separately, it emerged this week that the “majority” of WhatsApp messages shared among Scottish Government officials during the pandemic may have been deleted.

Jamie Dawson KC – the lead counsel in the Scotland module of the inquiry – told the hearing on Thursday that “although WhatsApps appear to have been used to send messages relating to and surrounding key decisions by some members of Scottish Government, the majority of the messages have not been retained by witnesses”.

Mr Dawson went on to say there is a “lack of certainty” around what materials are held by the government and its officials, where it is held, and what can be recovered, and the inquiry has sought more information about the circumstances in which the messages were not retained.

The UK government was taken to court after it refused to hand over Mr Johnson’s messages to the inquiry, stating the messages were irrelevant.

However, the high court ruled against the cabinet office, stating it was up to Baroness Hallett, the chair of the inquiry, to decide whether the material was relevant or not.

Lady Hallett has said she is “very concerned about the difficulties” in obtaining the messages from the Scottish government, and she “will not hesitate” to use “statutory powers” at her disposal to obtain the relevant information.

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Italy finance minister warns US stablecoins pose bigger threat than tariffs

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Italy finance minister warns US stablecoins pose bigger threat than tariffs

Italy finance minister warns US stablecoins pose bigger threat than tariffs

Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments.

Speaking at an event in Milan, Giancarlo Giorgetti said that while trade tariffs dominate headlines, new US policies on dollar-backed stablecoins present an “even more dangerous” threat to European financial stability, according to a Reuters report.

US stablecoins allow users to invest in a widely accepted method for cross-border payments without opening a US bank account, Giorgetti said. He warned that the growing appeal of US stablecoins to Europeans should not be underestimated. 

Giorgetti urged European Union lawmakers to take more steps to boost the euro’s position as an international currency. He added that the digital euro under development by the European Central Bank (ECB) will be essential to minimize the need for Europeans to resort to foreign solutions. 

US lawmakers advance stablecoin bills

Presently, stablecoin regulation in the US remains fragmented. Instead of a unified framework, multiple agencies apply existing laws to regulate stablecoins. However, lawmakers are working to implement changes, with several pieces of stablecoin legislation progressing. 

On April 2, the US House Financial Services Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act. The bill is now headed to the House floor for a full vote. 

The bill was introduced on Feb. 6 by Committee Chair French Hill and the Digital Assets Subcommittee Chair Bryan Steil. It would ensure that stablecoin issuers provide information on their businesses, including how their tokens are backed. 

In addition, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act establishes rules that require issuers to maintain reserves backed one-to-one, comply with Anti-Money Laundering (AML) laws, protect consumers and boost dollar dominance in the global economy. 

The GENIUS Act still requires approval by both chambers of Congress and a presidential signature before becoming law.

Related: Stablecoins are the best way to ensure US dollar dominance — Web3 CEO

ECB exec renews digital euro push

Apart from Giorgetti, ECB Executive Board member Piero Cipollone also urged European lawmakers to intensify their efforts to combat dollar-backed stablecoin dominance in Europe. On April 8, Cipollone wrote an article expressing concerns about the growing popularity of US stablecoins. 

The official suggested launching a central bank digital currency to combat this threat to the euro. He said this would aid in preserving the monetary sovereignty of the eurozone. 

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OKX reenters US market following $505M DOJ settlement

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OKX reenters US market following 5M DOJ settlement

OKX reenters US market following 5M DOJ settlement

Seychelles-based cryptocurrency exchange OKX announced that it is reentering the US market.

According to an April 16 blog post, OKX will return to the United States market along with the appointment of former Barclays director Roshan Robert as its US CEO. Robert said in the post:

“Today, I’m thrilled to announce the launch of OKX’s centralized crypto exchange and OKX Wallet in the United States, alongside the establishment of our regional headquarters in San Jose, California.“

All existing Okcoin users will be migrated to the new platform, which Robert said will lead to a better overall experience. The promised improvements include deeper liquidity, lower fees and advanced trading tools.

OKX reenters US market following $505M DOJ settlement

Source: OKX

Related: Standard Chartered and OKX pilot crypto, tokenized fund collaterals

Step by step

OKX will not roll out the upgrade in one shot. Instead, the new platform will take a phased approach to onboard new customers. The exchange plans to follow the cautious approach with a nationwide launch later in 2025.

“We’re beginning with a phased rollout for new customers to ensure a smooth and secure onboarding process, with a broader nationwide launch planned later this year,“ Robert said.

OKX also promised integrations with local banks and support for major assets, including Bitcoin (BTC), Ether (ETH), USDt (USDT) and USDC (USDC). Robert noted that the company maintains a global proof of reserves for all its assets, which is published monthly by cybersecurity firm Hacken.

Hacken had not responded to Cointelegraph’s request for comment by publication time.

In addition to its trading platform, the firm is also rolling out OKX Wallet to its US-based customers. The wallet supports 130 blockchains and features a decentralized exchange (DEX) aggregator, allowing access to over 10 million tokens on platforms including Ethereum, Solana and Base.

Related: Malta regulator fines OKX crypto exchange $1.2M for past AML breaches

OKX gets out of US troubles

The report follows OKX hiring former New York Governor Andrew Cuomo to advise it over a federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.

The exchange admitted on Feb. 24 to operating an unlicensed money-transmitting business in violation of US Anti-Money Laundering laws. As a consequence, OKX agreed to pay $84 million worth of penalties while forfeiting $421 million worth of fees earned from primarily institutional clients.

After the investigation concluded, OKX said it would seek out a compliance consultant to remedy the problems revealed by the federal probe and improve its compliance efforts. OKX’s CEO Star Xu wrote in a Feb. 24 X post:

“Our vision is to make OKX the gold standard of global compliance at scale across different markets and their respective regulatory bodies.”

OKX had not responded to Cointelegraph’s request for comment by publication time

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Government claims car interventions will save £500 a year – but only if you hit a pothole

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Government claims car interventions will save £500 a year - but only if you hit a pothole

Hitting potholes is “all too common”, a minister has insisted amid scrutiny of the government’s claim that new road measures will save drivers £500 a year.

Lillian Greenwood told Sky News Breakfast with Anna Jones that people face “eyewatering” costs if a pothole causes more damage to their car than a puncture, with the average repair job setting them back by £460, according to the RAC.

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This, along with the continued freeze on fuel duty, will save drivers over £500 a year, the government has said, claiming its interventions are easing the cost-of-living crisis for drivers.

It was put to Ms Greenwood that the savings only apply if you hit a pothole in the first place.

Asked if she thinks it’s a common occurrence, she said: “Unfortunately, it’s all too common. And because we’ve had more than 10 years of the Conservatives under investing in our road network, that’s left it absolutely cratered with potholes.”

She said potholes are “probably the biggest issue” when she doorsteps constituents, adding: “They’re really angry about the state of their local roads.

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“Far too many people are hitting a pothole and finding they’re having to fork out to get their car fixed.”

Earlier this year, an annual industry report estimated that 17% of the local road network in England and Wales are in poor condition.

A pothole in the road.  Pic: iStock
Image:
Pic: iStock

It predicted that the one-time catch-up cost to clear the backlog of maintenance issues would cost £16.81bn and take 12 years to complete.

Chancellor Rachel Reeves’s autumn budget contained a £1.6bn investment to maintain roads and fix potholes, which it said was an increase of £500m on the 2024-25 budget.

Local authorities will get the first tranche of that money this month.

It comes ahead of the local elections in May, when support for drivers could become a dividing line.

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It was put to Ms Greenwood that while trumpeting its motorist-friendly credentials, Labour has also introduced a £1.7bn car tax raid and backed more 20mph low tariff neighbourhoods.

She said the government has left decisions on Low Traffic Neighbourhoods to local authorities and many people “want to see drivers going slower”.

The government’s announcement on savings today came alongside a pledge to remove 1,000 miles of roadworks over the Easter weekend in a bid to cut journey times.

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The works will be reinstated after Easter Monday.

However, bank holiday engineering works on the railway lines will not be halted, meaning there will be disruption for people who don’t have a car.

No trains are running from London Euston, affecting most of the Avanti West Coast line.

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