Bitfinex Analyst: European Union Election Could Hint Future Direction of Cryptocurrency Regulation

Jag Kooner, head of derivatives at Bitfinex, said European Union parliamentary elections next week could provide further clues about how cryptocurrencies are regulated in the market. Kooner said a right-wing shift could lead to tighter cryptocurrency controls, while a pro-cryptocurrency outcome could accelerate supportive regulations such as MiCA.
Investors will be watching the European Union elections for regulatory clues that could have a significant impact on the broader cryptocurrency market in June and the months ahead.