According to DeepLearning.AI, the European Union has relaxed several provisions in its upcoming AI Act, including withdrawing detailed reporting requirements and the ability for citizens to sue AI providers (source: DeepLearning.AI, May 22, 2025). This regulatory shift, led by EU digital policy head Henna Virkkunen, is expected to reduce compliance burdens for AI and blockchain companies operating in Europe. For cryptocurrency traders, the lighter regulatory environment could attract more AI-driven crypto projects and decentralized platforms to the EU market, potentially boosting trading volumes, innovation, and institutional adoption across the crypto sector.