The European Union Parliamentary Elections, taking place next week, could provide further clues on how crypto will be regulated in that market, according to Bitfinex Head of Derivatives Jag Kooner.
The Bitfinex analyst said that investors will be watching the EU elections for regulatory clues, which could significantly impact the broader crypto market in June and the following months.Kooner noted that the upcoming EU elections are crucial for shaping the bloc's legislation, particularly the implementation of the Markets in Crypto Assets framework.
The 2024 European Parliament election is scheduled to take place from June 6 to June 9. This will be the tenth parliamentary election since the first direct elections in 1979 and the first European Parliament election since Brexit. Additionally, this election will coincide with several other elections in various EU member states.One indicator that demonstrates the appetite for crypto assets within the bloc is the flow dynamics of bitcoin exchange-traded products .
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