Bloomberg: The Canadian Crypto Industry is Learning from the U.S. Elections

Odaily Planet Daily News: Following the tremendous success of the cryptocurrency industry in last year's U.S. elections, digital asset companies in Canada have begun to apply the lessons they learned. It is reported that the Canadian crypto industry hopes to see digital assets become a larger focus in the upcoming elections, just as they did in the U.S. In July, Stand With Crypto expanded to Canada, but the Canadian branch does not intend to support candidates in the upcoming elections. Instead, its goal is to 'inspire the cryptocurrency advocacy community' and initiate a grassroots movement for supporters to engage in dialogue with other Canadians and their parliamentary members. Although cryptocurrency may not be the political focal point in Canada, the country has played a significant role in the industry. The second-largest cryptocurrency, Ethereum, was born in Canada, and the country is home to the world's first Bitcoin ETF. Other issues that the Canadian crypto industry is lobbying for include allowing the use of Bitcoin in retirement savings plans and tax-free savings accounts, as well as incorporating crypto into open banking laws. So far, no political party in the country has supported the industry, but digital asset companies have been trying to position crypto as a way to enhance affordability— a key focus of Canadian politics. (Bloomberg)