Elections for the European Parliament’s more than 700 members began today, with results to be announced on June 9, CoinDesk reported. The elections come as the EU’s crypto rules, MiCA, are set to come into effect. The new parliament is unlikely to demand changes to MiCA in the short term, though it has the power to ask the European Commission to report on whether changes are needed. Elections for the European Parliament began today, with results expected to be announced on June 9. The more than 700 members of the European Parliament are responsible for making and deciding on new laws, though they cannot propose legislation, with the final decision on whether to adopt a law being in the hands of the EU Council. Robert Kopić, secretary general of Blockchain Europe, said the new lawmakers are unlikely to make any immediate changes. He noted that current stablecoin rules are set to come into effect on June 30. The European Parliament can ask the European Commission for a report to see if changes are needed. Kopić told CoinDesk’s Consensus 2024 conference last week that until now, the industry has relied on European Parliament allies like Lídia Pereira of the European People’s Party and Ondřej Kovařík of European Renewal to push for pro-crypto rules. Both Kopic and Astazi said they look forward to seeing more members of the European Parliament, including younger members, who may be more willing to embrace new technologies. The new European Commissioners are expected to be elected in October and set their priorities by the end of the year. Astazi said whether cryptocurrency will become a focus for the EU will largely depend on the next commissioners.