France Votes for Hung Parliament as Major Parties Fall Short of Majority
Summary
Left-wing coalition New Popular Front won most seats in France's general election but fell short of a majority. Macron's centrist Ensemble coalition has 161 seats, and far-right National Rally has 141. Strategic cooperation among parties occurred after the first round of voting. The hung parliament may complicate passing legislation, including new crypto regulations. France has made strides in crypto, registering 74 companies last year, with plans to attract more digital asset businesses. EU's crypto asset legislation enforcement began in June, with more rules to go live by year-end.
