The European Parliament is set to establish a new European Commission, which will determine the next five years of crypto policy for the European Union. This comes in an election year around the globe, with the European Union being no exception.

The first trend is that Europe's center of gravity is moving to the right, which will impact businesses of all sizes. Taxation and approaches to innovation will be subject to debate, and France in particular will have a bumpy ride forward due to rising instability and its uncertain political future.

Despite the surge for some far-right parties, the likelihood of MEPs from the political extremes actively influencing policy remains low. There is still a stable majority for the centrists, but the center-left Socialists and Greens are more skeptical than their centrist brethren, the (liberal) Renew Party and (conservative) European People's Party.

Source: https://cointelegraph.com/news/new-regulators-define-european-crypto-policies

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