news 
Germany’s Centre-Right Secures Most EU Seats– Crypto Policy Shift Ahead?
The recent parliamentary election in Germany has resulted in the centre-right Alliance securing a majority of seats. This outcome is expected to bring about significant changes in the country’s policy on cryptocurrencies and digital assets.
As reported, the Christian Democratic Union (CDU) leader, Friedrich Merz, is likely to become the next Chancellor, replacing Olaf Scholz. In light of this development, analysts believe that Germany may adopt a more innovation-friendly approach to crypto policies.
According to experts, the new government will focus on fostering job creation and promoting competition through digital technologies. This shift in policy could potentially benefit the cryptocurrency market as it may provide an environment that encourages the growth and adoption of decentralized finance (DeFi).
It is important to note that Friedrich Merz has not explicitly announced his stance on crypto-related issues, including Bitcoin reserve adoption or the European Union’s Markets in Crypto Assets (MiCA) regulations. However, some observers believe that the new government may prioritize MiCA adoption over any potential plans for a Bitcoin reserve.
This could be attributed to Joachim Nagel, the president of Germany’s central bank, stating that he does not support the idea of adding Bitcoin to their reserves due to concerns about liquidity and security. Nevertheless, this change in policy is expected to have significant implications on the global cryptocurrency market.
In other news, it was reported that Algorand processed 34,000 transactions in just three seconds, sparking speculation about its potential impact on the price of ALGO.
Additionally, Pi Network saw a surge in growth as it surpassed Bitcoin, Dogecoin and BNB.
