Liz Truss, the new prime minister of the UK, replacing Boris Johnson, announced her resignation as a result of the statements she made.
The turmoil in the island country continues. In the past months, Boris Johnson has given his resignation amid the backlash. The country’s administration, which came to the fore with Brexit and various political events, could not continue its duty as a result of intense criticism. Liz Truss, who was the Minister of Foreign Affairs, became the new prime minister by winning the elections. However, Truss took the spur of the moment decision and asked for his pardon.
Cryptocurrency Supporter, British Prime Minister Liz Truss Resigns
In a sudden development, Liz Truss announced her resignation as prime minister, making it the shortest-term prime minister in UK history. The resignation of the Prime Minister sparked a reaction in the markets. The British currency, the pound sterling, spiked and then bounced back.
Truss, who showed a positive approach to cryptocurrencies in particular, said that we should see the potential of cryptocurrencies and give an opportunity. Stating that he will work to strengthen the country economically, Truss could only serve for 45 days.
The problems cited as the reason for his resignation came to light late last month. Liz Truss reported that she has submitted her resignation to the King and may remain in office until a successor is chosen. Party leaders demanded elections.
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