Jag Kooner, head of derivatives at Bitfinex, said European Union parliamentary elections next week could provide further clues about how cryptocurrencies are regulated in the market. Kooner said a right-wing shift could lead to tighter cryptocurrency controls, while a pro-cryptocurrency outcome could accelerate supportive regulations such as MiCA.
Investors will be watching the European Union elections for regulatory clues that could have a significant impact on the broader cryptocurrency market in June and the months ahead.
Bitfinex Analyst: European Union Election Could Hint Future Direction of Cryptocurrency Regulation
2024-05-30 11:10:43
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