As the European Union lives through a pivotal election year, the upcoming vote for a new European Commission will play a critical role in shaping crypto policy for the next five years. This transition is crucial for businesses and entrepreneurs engaged in the blockchain, cryptocurrency, and digital ledger space.
With a shift towards the right in the European Parliament, the new commission is expected to take a more conservative approach to taxation and innovation policies. However, crypto policy has historically not been a partisan issue, so significant regulatory changes are unlikely to halt.
Several key trends are emerging:
Innovation at the Core: The next commission is expected to focus on innovation, especially in areas such as digital privacy, artificial intelligence, and crypto regulation. This will likely include assertive implementation of the Digital Market Act and Digital Services Act.
Institutional Adoption of Crypto: As institutional interest in crypto grows, expect political attention on how digital assets integrate with traditional finance.
Influence of New MEPs: Individual actors and senior policy advisors within the European Parliament are expected to take a lead in shaping innovation policies for the crypto industry.
While there may be cautious tweaks to existing crypto regulations, the focus is likely to remain on ensuring that Europe maintains a competitive edge in the global digital economy.
Preparing for the Future
As the regulatory landscape shifts, it’s essential for entrepreneurs and consultants to stay informed. The BESIDE project offers top-tier training on blockchain, cryptocurrencies, and digital ledgers, helping professionals navigate these changes effectively.
