The upcoming European Union Parliament Elections, scheduled from June 6-9, are set to have a major impact on the future regulatory landscape of the cryptocurrency industry in the EU. Jag Kooner, the Head of Derivatives at Bitfinex, believes that the outcome of these elections could either lead to stricter regulations or more favorable policies for cryptocurrencies, depending on which political parties gain power. This view is indicative of the overall uncertainty and potential instability in the cryptocurrency market, which is heavily influenced by regulatory changes.
