The lack of a majority for any of France's major political parties could impede the passage of new legislation such as crypto regulations
2024-07-08 08:32:05
News French election results lead standoff parliament major political partiesdesk3cryptocurrencydesktopCrypto News
On July 8, the results of the French general election led to a hung parliament, with none of the major parties gaining a majority, which could affect the passage of new legislation, including cryptocurrency regulations. The left-wing coalition "New Popular Front" won 188 seats, becoming the biggest winner, but failed to reach a majority of 289 seats. President Macron's centrist coalition won 161 seats, while Marine Le Pen's far-right National Union won 141 seats. Mark Foster, head of European Union policy at the Crypto Council for Innovation, said this would make new policymaking, including cryptocurrency regulations, more difficult.
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