French President Emmanuel Macron dissolved parliament and called early elections on Sunday after his rival National Rally Party won in the European Parliament elections, CoinDesk reported. Two rounds of voting are expected to take place on June 30 and July 7. Still, the election is unlikely to have an impact on France's progress in the crypto industry. Last year, 74 crypto companies were registered in France, a number that is expected to jump to 100. French regulators have also recently been working to attract more digital asset companies. In contrast, the British government has said it wants the country to become a crypto hub, but there are only 44 registered crypto companies. Last year, the European Union, a 27-nation trade bloc, passed a comprehensive legislation called the Market for Crypto Assets (MiCA), the first in the field. Crypto companies will be allowed to operate throughout the EU if they obtain a crypto asset service provider license in any member state. The legislation will take effect for stablecoin issuers on June 30, and the rest will come into effect before the end of the year.