The New European Commission Will Lead the Direction of Cryptocurrency Monetary Policy in the Next Five Years
Publication Time:2024-09-05 06:56:09
The European Parliament plans to elect a new European Commission this autumn, marking that the EU's cryptocurrency monetary policy in the next five years will be determined by the new commission. Although the new commission is expected to take office as early as November, there are already signs of its attitude towards cryptocurrency regulation. With the political center in Europe shifting to the right, discussions on taxation and innovation methods may be affected, especially given the political instability in France. At the same time, competition among policymakers might drive newly elected members to enhance their personal reputation by focusing on cryptocurrency policies, while senior policy advisors may vie for decision-making power. The committee is expected to emphasize innovation as a pillar of policy and view digital privacy and artificial intelligence as priorities for EU policy. Therefore, the committee is expected to actively implement the Digital Markets Act and the Digital Services Act to strengthen cryptocurrency regulation. In terms of the market, increased institutional adoption of cryptocurrencies and retail investment exposure in traditional financial sectors may trigger political intervention. Europe has already made significant progress in global cryptocurrency policy, with new legislative work aimed at ensuring the effective implementation of existing rules.
Cryptocurrency
Innovation
Monetary Policy
policy making
European Commission