Rishi Sunak will be the UK's next prime minister.

October 24, 2022

Known for his pro crypto stance, Rishi Sunak will be the next UK Prime Minister after Liz Truss.

Sunak will be the UK's first British Asian PM and at 42, the youngest in more than a century.

Penny Mordaunt dropped out of the Tory leadership race in the final minute.

Sunak gained the support of well over half of Tory MPs before the nominations closed.

Former UK Prime Minister Liz Truss resigned after the “mini budget” debacle that caused the pound to lose its value.

Bitcoin is currently trading at just above $19,300.

Rishi Sunak had earlier said that he wants to make Britain a crypto hub.