According to Odaily, data from the French Ministry of the Interior reveals that the far-right National Rally Party (RN), led by Marine Le Pen, took the lead in the first round of elections held last Sunday. Preliminary data indicates that the party secured approximately 19% of the registered votes. The opposition left-wing alliance trailed in second place with 18.19% of the votes, followed closely by the Ensemble, which includes President Macron's Renaissance Party, with a voting rate of 13.02%.
Previously, RN's victory in the European Parliament elections prompted Macron to announce elections in a short time. Regardless of the outcome, Macron has stated he has no intention of resigning. However, if his party fails to secure 289 majority seats, it could make legislation more challenging.
Mark Foster, EU policy head of the Crypto Council for Innovation, commented on the situation. 'It's hard to say what will happen next week, but it's clear that Macron's gamble seems to have backfired at this stage,' he said. 'He had hoped that RN would not perform as well in the legislative elections as they did in Europe, but they actually received more support. It appears that the new parliament will have greater far-left and far-right forces, making domestic policy-making, including crypto/digital assets, uncertain and difficult, while also limiting the president's authority on the international and European stage.'
