The French election results resulted in a hung parliament, with no major party securing a majority, which could affect the passage of new legislation, including cryptocurrency regulations.
In the French election, the left-wing coalition "New Popular Front" won 188 seats, becoming the biggest winner, but fell short of the majority of 289. French President Emmanuel Macron's centrist coalition won 161 seats and Marine Le Pen's far-right National Rally won 141 seats.
Mark Foster, head of EU policy at the Crypto Council for Innovation, said the situation would make it more difficult to develop new policies, including cryptocurrency regulations. (CoinDesk) #BinancePizzaDay