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Rishi Sunak Resigns as UK Finance Minister
The now-former minister wanted the country to become a crypto hub and announced a number of plans for the digital sector in April.
Updated May 11, 2023, 6:16 p.m. Published Jul 5, 2022, 8:24 p.m.
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Rishi Sunak resigned as Chancellor of the Exchequer on Tuesday, pointing to a number of allegations against the Boris Johnson-led government.
“The public rightly expect the government to be conducted properly, competently and seriously,” Sunak said in a resignation letter posted on Twitter. Prime Minister Boris Johnson has recently faced calls to resign after he admitted he had ignored misconduct allegations when he appointed Chris Pincher as deputy chief whip, and his staff was accused of hosting illegal parties during covid lockdown known as the partygate scandal.
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Resigning on Tuesday along with Sunak was health minister Sajid Javid.
Sunak just one month ago had been strong in his support of Johnson as the prime minister barely survived a no-confidence vote by his party.
Sunak this afternoon: “I recognize this may be my last ministerial job, but I believe these standards are worth fighting for and that is why I am resigning.”
The now-former finance minister had hopes to make the U.K. a crypto hub, and was responsible for a slew of Treasury plans in April to push forward those ambitions.
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CFTC's Selig opens legal dispute against states getting in way of prediction markets
Commodity Futures Trading Commission Chairman Mike Selig fired a legal warning shot defending his agency's jurisdiction over the event contract space.
Что нужно знать:
- U.S. Commodity Futures Trading Commission Chairman Mike Selig directed his agency to file an amicus brief declaring his federal agency has authority over the U.S. prediction markets.
- Though the CFTC once fought a legal resistance against such firms as Polymarket and Kalshi, the agency has embraced them during the administration of President Donald Trump, whose son has worked as a paid adviser for the leading companies.
- As Selig defends his agency's jurisdiction in court, he's also pursuing new prediction markets rules for the U.S.
