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U.S. accuses China of illegal, “dangerous maneuvers” as Philippine vessels blasted with water cannons
Manila, Philippines — Chinese coast guard vessels backed by navy ships fired powerful water cannons and blocked and sideswiped a Philippine patrol vessel on Wednesday in renewed aggression at a disputed shoal in the South China Sea, Philippine officials said.
U.S. Ambassador to the Philippines, MaryKay Carlson, condemned China’s “unlawful use of water cannons and dangerous maneuvers,” accusing Beijing in a social media post of putting “lives at risk” by disrupting a Philippine maritime operation.
“We condemn these actions and stand with our like-minded friends, partners, allies in support of a free and open Indo-Pacific,” Carlson said.
China claims virtually the entire South China Sea as its territory, but that claim overlaps with the territorial waters, exclusive economic zones and high seas claims of the Philippines, Vietnam, Malaysia, Brunei and Taiwan. Indonesia has also had confrontations with the Chinese coast guard, which backs Beijing’s fishing fleets.
Aaron Favila/NTF-WPS via AP
The long-simmering territorial disputes between China and America’s allies and other Asian nations are a delicate fault line in the regional rivalry between Washington and Beijing. The U.S. lays no claims in the South China Sea, which is a key global shipping route, but has declared that freedom of navigation and overflight, and the peaceful resolution of the conflicts, are among its core national interests.
The U.S. has warned that it’s obligated to defend the Philippines, a treaty ally, if Filipino forces come under attack in the South China Sea.
China and Philippines accuse each other of aggression at sea
Three Philippine coast guard and bureau of fisheries vessels were on routine patrol to protect Filipino fishermen at Scarborough Shoal when several Chinese coast guard and navy ships approached and staged “aggressive actions” after dawn, the Philippine coast guard said.
Liu Dejun, a spokesperson for China’s Coast Guard, said four Philippine ships had “dangerously approached” the coast guard’s “normal law enforcement patrol vessels,” forcing the Chinese forces to “exercise control” around the Scarborough Shoal, which China claims as its territory and calls Huangyan Island.
Liu said one of the Philippine craft ignored warnings, making maneuvers that “seriously threatened” the safety of a coast guard vessel.
“We warn the Philippines to immediately stop infringement, provocation and propaganda, otherwise it will be responsible for all consequences,” he said.
China has increasingly accused the Philippines and other Asian neighbors of violating its sovereignty in contested offshore regions. It has vowed to defend what Beijing considers its territory, despite a 2016 international arbitration decision that invalidated China’s historical claims to the waters around Scarborough Shaol.
Despite the Chinese ships’ “reckless” maneuvers, the Philippine coast guard and the Bureau of Fisheries and Aquatic Resource said they renewed their “commitment to protecting the rights and safety of our fishermen within our maritime jurisdiction.”
“We will continue to be vigilant in safeguarding our national interests in the West Philippine Sea,” the two Philippine law enforcement agencies said, using the Philippine name for the seas off the archipelago’s western coast.
The Chinese maritime maneuvers “are not standard law enforcement actions,” Philippine coast guard Commodore Jay Tarriela said, adding they “should be interpreted as unlawful aggression by international law violators.”
The latest clash in the South China Sea came after a respite of more than a month while back-to-back major storms prevented many Philippine fishing and commercial vessels from venturing into dangerously rough waters.
President-elect Donald Trump announced Wednesday that he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission.
Trump said Atkins, the CEO of Patomak Partners and a former SEC commissioner, was a “proven leader for common sense regulations.” In the years since leaving the SEC, Atkins has made the case against too much market regulation.
“He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump wrote on Truth Social.
The commission oversees U.S. securities markets and investments and is currently led by Gary Gensler, who has been leading the U.S. government’s crackdown on the crypto industry. Gensler, who was nominated by President Joe Biden, announced last month that he would be stepping down from his post on the day that Trump is inaugurated — Jan. 20, 2025.
Trump, once a crypto skeptic, had pledged to make the U.S. “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. Money has poured into crypto assets since he won. Bitcoin, the largest cryptocurrency, is now above $95,000. And shares in crypto platform Coinbase have surged more than 70% since the election.
Paul Grewal, chief legal officer of Coinbase, congratulated Atkins in a post on X.
“We appreciate his commitment to balance in regulating U.S. securities markets and look forward to his fresh leadership at (the SEC),” Grewal wrote. “It’s sorely needed and cannot come a day too soon.”
Congressman Brad Sherman, a California Democrat and a senior member of the House Financial Services Committee, said he worries Atkins would not sufficiently regulate cryptocurrencies as SEC chair.
“He’d probably take the position that no cryptocurrency is a security, and hence no exchange that deals with crypto is a securities exchange,” Sherman said. “The opportunity to defraud investors would be there in a very significant way.”
Atkins began his career as a lawyer and has a long history working in the financial markets sector, both in government and private practice. In the 1990s, he worked on the staffs of two former SEC chairmen, Richard C. Breeden and Arthur Levitt.
His work as an SEC commissioner started in 2002, a time when the fallout from corporate scandals at Enron and WorldCom had turned up the heat on Wall Street and its government regulators.
Atkins was widely considered the most conservative member of the SEC during his tenure at the agency and was known to have a strong free-market bent. As a commissioner, he called for greater transparency in and analysis of the costs and benefits of new SEC rules.
He also emphasized investor education and increased enforcement efforts against those who steal from investors over the internet, manipulate markets, engage in Ponzi schemes and other types of fraud.
At the same time, Atkins objected to stiff penalties imposed on companies accused of fraudulent conduct, contending that they did not deter crime. He caused a stir in the summer of 2006 when he said the practice of granting stock options to executives before the disclosure of news that was certain to increase the share price did not constitute insider trading.
U.S. Rep. Patrick McHenry, a North Carolina Republican and chairman of the House Financial Services Committee, said Atkins has the experience needed to “restore faith in the SEC.”
“I’m confident his leadership will lead to clarity for the digital asset ecosystem and ensure U.S. capital markets remain the envy of the world,” McHenry posted on X.
Atkins already has some experience working for Trump. During Trump’s first term, Atkins was a member of the President’s Strategic and Policy Forum, an advisory group of more than a dozen CEOs and business leaders who offered input on how to create jobs and speed economic growth.
In 2017, Atkins joined the Token Alliance, a cryptocurrency advocacy organization.
Crypto industry players welcomed Trump’s victory in the hopes that he would push through legislative and regulatory changes that they’ve long lobbied for.
Trump himself has launched World Liberty Financial, a new venture with family members to trade cryptocurrencies.
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