The upcoming European Union Parliament Elections, scheduled from June 6-9, are anticipated to have a considerable impact on the future regulatory landscape of the cryptocurrency industry in the EU. Jag Kooner, the Head of Derivatives at Bitfinex, suggests that the outcome of the elections may indicate the implementation of stricter regulations or more favorable policies towards cryptocurrencies, depending on the political parties that gain influence. This viewpoint highlights the general ambiguity and the potential for significant fluctuations in the cryptocurrency market, which are closely tied to the progress made in regulatory matters.
