The lack of a majority for any of France's major political parties could impede the passage of new legislation such as crypto regulations

On July 8, the results of the French general election led to a hung parliament, with none of the major parties gaining a majority, which could affect the passage of new legislation, including cryptocurrency regulations. The left-wing coalition "New Popular Front" won 188 seats, becoming the biggest winner, but failed to reach a majority of 289 seats. President Macron's centrist coalition won 161 seats, while Marine Le Pen's far-right National Union won 141 seats. Mark Foster, head of European Union policy at the Crypto Council for Innovation, said this would make new policymaking, including cryptocurrency regulations, more difficult.