The alliance of the German Center Right (CDU / CSU) managed to guarantee the most seats in the country’s legislative elections on Sunday, suggesting that an environment more favorable to innovation is waiting.
The CDU / CSU of Friedrich Merz obtained 28.52% of the votes while the extreme right alternative for Germany (AFD) obtained 20.8% of the vote. There are 733 seats in the German Bundestag and no part has obtained a majority, so a coalition will be formed.
Mark Foster, leader in European Union policy at the Crypto Council for Innovation, expects the Center Right Alliance probably to support European Union approach to digital innovation, he said in Coindesk in an interview before the elections.
“So, I do not expect a massive change of the day after the previous government to the new government in terms of digital asset policy or digital Euro, but perhaps an openness and a desire to think about the way in which these solutions can possibly help improve the competitiveness of the German and European economy and provide jobs and growth in competition, which is clearly the primary principle at the moment and priority for the European Commission, “said Foster.
The German elections have so far had little impact on the crypto. The country, which is the largest economy in the European Union, called a first election after its coalition between the Social Democrats (SDP), the Libre Democratic Party (FDP) and the Greens collapsed in November.
Although the country was late in the adoption of legislation to enforce the legislation on the tailor markets of the European Union in cryptographic assets – adopting legislation a few days before the date of compulsory implementation in December – He still managed to treat Mica licenses in the past two weeks. And Foster does not expect that there is “an impact in terms of daily implementation of existing EU law”, in the future.
Then, freshly elected deputies will have to vote for the new chancellor and head of the country’s federal government.
