2024 EU election results: Several pro-cryptocurrency parties have gained seats

ChainCatcher news, according to Cointelegraph, several pro-cryptocurrency parties gained seats in the European elections. From June 6 to 9, over 185 million people from the 27 EU member states voted to elect candidates for the new European Parliament (the EU's legislative body) for a five-year term. This key event will determine the political direction of the EU for the next five years, with cryptocurrency and blockchain being no exception.

Election results: The Christian Democratic Party won 10 seats, while the Social Democratic Party remained stable, losing only 4 seats, and the pro-business (and pro-cryptocurrency) European People's Party lost 23 seats. The Greens also suffered setbacks, losing 18 seats, while far-right parties made significant gains.

Given the diverse composition of the parliament, debates and potential adjustments regarding frameworks such as MiCA are expected. The presence of far-right and conservative parties adds complexity, with some of these parties expressing skepticism towards the digital euro and prioritizing strict anti-money laundering measures. Meanwhile, smaller groups like the Greens and the Left emphasize environmental issues and social justice in digital finance.