Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
National Rally, the far-right party associated with Marine Le Pen, won the first round of France's two-part election.Marine Le Pen's far-right National Rally party led voting after the first round of France's surprise general election on Sunday,The party, founded by Le Pen's father Jean-Marie Le Pen, secured about 19% of the registered vote according to the provisional data. The opposition Union of the Left came second with 18.
"It's difficult to say what will happen next week, but what’s clear is that Macron’s gamble seems at this stage to have backfired," Mark Foster, the EU policy lead at the Crypto Council for Innovation, told CoinDesk in a statement. "He had hoped that RN would not do as well in legislative elections as in the European ones, but they actually got a higher score. It looks like the new parliament will have much larger far left and far right contingents, making domestic policy development uncertain and difficult whilst limiting the president’s authority on international and European stages.
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