Share this article

Incumbent Macron Wins French Presidential Election

The centrist will remain in power after a campaign in which Web 3 proved to be a non-issue.

Updated May 11, 2023, 6:32 p.m. Published Apr 24, 2022, 7:05 p.m.
Emmanuel Macron (Aurelien Meunier/Stringer/Getty Images)
Emmanuel Macron (Aurelien Meunier/Stringer/Getty Images)

Incumbent centrist Emmanuel Macron has won the run-off in the French presidential election, with exit polls giving him a significant margin over nationalist rival Marine Le Pen.

  • Le Pen conceded shortly after the ballot closed, with exit polls putting Macron at between 57% and 58% of the vote in the two-horse race, making him a rare incumbent to hold onto power in a country known for turnover at the top.
  • Macron's government has promised to make France a leader in blockchain, but the topic was largely ignored in the race.
  • Attention now turns to legislative elections due in June, which will determine Macron's control over government ministers.

Read more: France's Presidential Candidates Ignore Crypto Issues

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

More For You

Más para ti

Ripple's Brad Garlinghouse says CLARITY bill has '90% chance' of passing by April

Brad Garlinghouse, the CEO of Ripple Labs (Jesse Hamilton/CoinDesk)

The bill would clarify which digital assets fall under securities law versus Commodity Futures Trading Commission oversight.

Lo que debes saber:

  • Ripple CEO Brad Garlinghouse said he now sees a 90 percent chance that the long-debated Clarity Act will pass by the end of April, citing renewed momentum in Washington.
  • The bill would clarify which digital assets fall under securities law versus Commodity Futures Trading Commission oversight, addressing long-standing regulatory uncertainty that Garlinghouse says has weighed on innovation.
  • Ripple, which has spent nearly $3 billion on acquisitions since 2023 and is now pausing major deals to focus on integration, argues that both crypto firms and traditional financial institutions increasingly want clear rules as attitudes toward digital assets shift.