EU elections begin this week, crypto regulatory policy agenda enters turbulent period

The European Union elections will begin on Thursday. For cryptocurrency, this means that key legislators may lose their seats in the new parliament composed of 720 members, and the industry's policy agenda will enter a period of turbulence. In the past five years, the European Union has systematically dealt with the challenges of crypto assets by adopting a comprehensive system called MiCA.

The crypto industry will focus on who will hold several key positions in the new parliament, such as the Economic and Monetary Affairs Committee, which has played a key role in amending and formulating crypto legislation over the past five years.

It has formed MiCA, which is the regulation of the crypto asset market, as well as rules to prevent money laundering. The Committee on Civil Liberties, Justice and Home Affairs, as well as the Committee on Internal Market and Consumer Protection, have had an impact on crypto legislation. Other important positions are the coordinators of the political parties of the various factions in parliament.