The new European Commission will determine the cryptocurrency policy for the next five years

The European Parliament will elect a new European Commission this fall, which will determine the EU's cryptocurrency policy for the next five years. Although the new commission won't take office until November at the earliest, some trends can already predict its attitude towards cryptocurrency regulation. Firstly, Europe's political focus is shifting to the right, which may affect discussions on taxation and innovative methods. France faces more challenges in future due to political instability. Secondly, policymakers will vie for influence over innovation policies; new members might enhance their personal reputation by focusing on crypto policies while senior policy advisors within the commission could also compete for power. Thirdly, innovation will become a pillar of policy with digital privacy and artificial intelligence identified as EU policy priorities. The Commission is expected to actively implement Digital Market Act and Digital Services Act. In terms of market dynamics, increased institutional adoption of cryptocurrencies could trigger political intervention while greater retail investment exposure in traditional financial sectors to cryptocurrencies could also provoke political reactions. The EU has made significant progress globally in crypto policies; new legislative work should ensure effective implementation of existing rules.