UK Prime Minister Keir Starmer resigns after two years, throwing crypto regulation into limbo
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Sterling dips and gilt yields tick higher as Britain's seventh PM change in a decade raises fresh questions about the future of digital asset policy.
Key facts
Tulip Siddiq, who served as City Minister from July 2024, resigned from that role in January 2025
Starmer became Prime Minister on July 5, 2024, after Labour’s general election victory
Keir Starmer is stepping down as leader of the UK’s Labour Party and, with it, as Prime Minister, barely two years after sweeping into Downing Street on a wave of electoral optimism
The European Union’s MiCA framework, the Markets in Crypto-Assets regulation, has been steadily rolling out across the continent
Summary
Keir Starmer is stepping down as leader of the UK’s Labour Party and, with it, as Prime Minister, barely two years after sweeping into Downing Street on a wave of electoral optimism. Starmer became Prime Minister on July 5, 2024, after Labour’s general election victory. The European Union’s MiCA framework, the Markets in Crypto-Assets regulation, has been steadily rolling out across the continent. Tulip Siddiq, who served as City Minister from July 2024, resigned from that role in January 2025.