Liz Truss, the Prime Minister of the United Kingdom Announced his resignation just 44 days later take office on September 6. Representing an event not uncommon in modern democracies, Truss’s announced departure has left many wondering what the fate of some key industries will be in the near future.

In her Downing Street announcement on Thursday, Truss said she will no longer be able to serve the term for which she had been appointed Prime Minister. Over the course of the next week, an election will be held to choose the new leader and a lot will change in terms of direction for the UK.

Liz Truss’s resignation was fueled by the errors in her so-called mini-budget and tax cuts that were announced by the now-sacked Finance Minister Kwasi Kwarteng. The policy irritated the markets with the stock Exchange registering unprecedented falls that also affected the pound sterling.

Surprisingly, the market has started to show signs of recovery across the board, as many now expect the rise of an economically more versatile Prime Minister, with Truss’s contender Rishi Sunak among the front-runners.

Where is Crypto in all of this?

While Liz Truss is well understood to have nothing against the digital currency ecosystem and was willing to continue on the positive path set by the Boris Johnson administration, her brief reign as Prime Minister had not done much to make a significant impact. in the industry.

His departure only leaves room for speculation, as no one can say who the next leader is and if he or she will be a positive fit to help fuel the growth of the ecosystem. The uncertainty in the UK at the moment could be a factor in the marginally less growth the crypto ecosystem has seen in the last 24 hours.

At the time of writing, Bitcoin (BTC) was changing hands at $19,046.10, down 0.8%, while Ethereum (ETH) has fallen by the same percentage to $1,285.22. by Data of CoinMarketCap.

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