The new European Parliament is expected to continue supporting the cryptocurrency industry, despite the political complexities of the EU. The European People’s Party (EPP), the largest group in the Parliament, has a pragmatic and technology-neutral approach to regulation, providing stability for the crypto industry. The rise of far-right parties in Germany and France could lead to stricter financial regulation, but the EU's unified crypto regulation has made Europe a promising player in the crypto industry. The Markets in Crypto-Assets Regulation (MiCA) has given Europe a first-mover advantage, and the upcoming MiCA II will include regulations for decentralized finance (DeFi), non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs).