Burnham brings a dose of optimism to the UK crypto industry, having previously supported the blockchain industry as mayor of Manchester.
Amid waning poll numbers and pressure from inside the Labour Party, Prime Minister Keir Starmer has stepped down.
During Starmer’s tenure, the government introduced a moratorium on cryptocurrency donations to political campaigns, citing concerns that crypto could become a vector for foreign influence in UK elections. Beyond the ban, the UK has charted a cautious path on crypto regulation under the Labour government.
Starmer’s departure from Number 10 has started discussions about his successor. A frontrunner has emerged in Andy Burnham, a member of parliament for Makerfield and former Mayor of Greater Manchester.
