Germany Center Right Alliance (CDU/CSU) managed to ensure most seats in the country’s parliamentary elections on Sunday, suggesting that it expects a more friendly environment for innovation.
CDU/CSU of Friedrich Merz assured 28.52% of the votes, while the extreme right -wing alternative for Germany (AFD) obtained 20.8% of the votes. There are 733 seats in the German Bundestag and no party assured a majority, so a coalition will form.
Mark Foster, a policy leader of the European Union in the Crypto Council for Innovation, hopes that the Right Center alliance will probably support the European Union approach to digital innovation, he told Coindesk in an interview before the elections.
“So I do not expect a massive change overnight of the government before the new government in terms of digital asset policy or digital euro, but perhaps an openness and a willingness to think about how these solutions can help improve the Competitiveness of the German and European economy and brings some jobs and growth in competition, which is clearly the general principle at this time and priority for the European Commission, “said Foster.
Germany’s choice has so far had little impact on cryptography. The country, which is the largest economy in the European Union, summoned the early elections after its coalition among the Social Democrats (SDP), the Free Democratic Party (FDP) and the greens collapsed in November.
Although the country was late for the approval of the legislation to enforce markets to the European Union in cryptographic assets legislation, approving legislation days before the date of compulsory implementation in December, it still managed to process the MICA licenses In recent weeks. And Foster does not expect “any impact in terms of the day -to -day implementation of the existing EU law,” in the future.
Next, the newly elected members of Parliament must vote for the new chancellor of the country and the head of the federal government.
