Why Pierre Poilievre may not be Canada’s crypto savior
Canadian Conservative leader Pierre Poilievre has gained support from crypto enthusiasts who believe he may promote financial freedom, especially after Justin Trudeau's resignation. While some in the crypto community express optimism about Poilievre, including statements from figures like Elon Musk and David Bailey, others caution against expecting too much. Morva Rohani from the Canadian Web3 Council points out that Conservatives may downplay crypto during elections to avoid controversy, as public sentiment is more focused on pressing issues like inflation and housing. Previously, Poilievre showed interest in crypto, contrasting with Trudeau's negative stance. However, the crypto landscape remains wary following significant failures in 2022 that affected Canadian pension funds. Currently, crypto isn't a priority for most Canadians, and strict campaign finance laws limit political engagement from the crypto sector. Looking ahead, experts believe that a Conservative government could re-engage with crypto and blockchain policy after elections, but challenges like regulatory hurdles for stablecoins and tax implications remain. Overall, while crypto could become a bipartisan issue in the future, its current political relevance is minimal.
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