The elections to the European Union Parliament, which took place from June 6 to 9, are expected to play an important role in shaping the future regulatory environment for the cryptocurrency sector within the European Union. According to Jag Connor, head of derivatives at Bitfinex, the election results could indicate stricter controls or supportive regulations for cryptocurrencies, depending on which political parties gain influence. This sentiment reflects broader uncertainty and potential volatility in the cryptocurrency market, depending on regulatory developments.

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