UK Political Leadership Transition's Impact on Digital Assets

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 24 2026

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Leadership Transition: Following Keir Starmer's resignation, Andy Burnham emerges as a frontrunner, potentially reshaping the government's stance on digital assets, particularly regarding the cryptocurrency donation ban, although no specific policy has been outlined yet.
Regulatory Continuity: Industry executives generally expect the regulatory landscape to remain independent, with the new prime minister unlikely to interfere with existing policies, focusing instead on execution rather than dramatic policy shifts.
Crypto Donation Ban: The cryptocurrency donation ban implemented in March has raised concerns over transparency risks, and any reversal of this policy could face internal pressure from Labour, especially in the context of competition with Reform UK.
Local vs National Policy: Burnham's advocacy for digital technology in Manchester may influence national policy development, but scaling a regional model to coherent UK-wide regulation remains a challenge, prompting market participants to watch for stability in policy implementation.

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Technical Analysis for SKY

Technical Sentiment Analysis for Sky (SKY). As of , Sky (SKY) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SKY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SKY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sky (SKY) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0357	0.0421	0.0479	0.0544	0.0602	0.0666	0.0724
Fibonacci	0.0421	0.0468	0.0497	0.0544	0.059	0.0619	0.0666

About SKY

The Governance Token of the Sky Ecosystem is SKY.MKR holders can upgrade their MKR to SKY, and SKY can also be converted back to MKR. Upgrading is optional.Users get 24,000 SKY per MKR when they upgrade.At Launch, the Smart Burn Engine will move to target the SKY/USDS market with all of its current liquidity and all future automatic liquidity acquisition from Protocol Surplus.At later stages of Sky Launch Season, SKY will gain additional features including Sealed Activation and Regular Activation, which gives eligible users USDS and Token Rewards for committed participation in Sky Governance. These functionalities are restricted in some countries, including the US and UK, and for VPN users.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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