Ministerial reshuffle in France: What impacts on the crypto landscape?

Recently, French President Emmanuel Macron reshuffled his government. If this change involves new entrants in the French executive, it also marks several notable maintenances in the mysteries of power. This is the case of Bruno Le Maire, the Minister of Economy, Finance and Industrial and Digital Sovereignty. Keeping him in office makes sense with regard to French crypto policy.

Maintenance of Bruno Le Maire, maintenance of the French crypto strategy?

Bruno Le Maire remains in his post as Minister of the Economy, Finance and Industrial and Digital Sovereignty. The authority should therefore continue to exert its influence in the deployment of the national crypto policy. An area that falls under his ministerial portfolio.

But what can the maintenance of Bruno Le Maire mean when some of his colleagues are ejected from the government? A priori, the government is in phase with the approach that the French financier is implementing in the country. This, in accordance with the program of the Head of State for the economic and financial sector.

It must be said that particularly concerning the crypto sector, French policy has made particular progress in recent months. A particularly remarkable development in terms of regulations.

On this issue, France has passed new regulations that govern the activities of crypto firms. The text, adopted in March by the Senate, imposes flexible registration standards on crypto companies operating in the country.

Still in terms of regulation, the French Senate is making efforts to regulate the activity of crypto influencers. After bitter exchanges, the French senators finally agreed to limit the rigor of the rules envisaged. Once enacted, the new law on crypto influence would therefore be less demanding than announced, in terms of regulating the sector.

In view of these developments, it can be estimated that France’s crypto policy is one of openness. It is true that the executive advocates the protection of users against the excesses inherent in the crypto industry.

That being said, digital in general, and cryptos in particular, constitute one of the priority axes of macronist economic policy. France clearly aims to strengthen its position in this sector. Maintaining Bruno Le Maire in his post could be analyzed as a strategy of continuity of the efforts already undertaken in this direction.

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