Previewing the Canadian Election’s Crypto Angle

The post Previewing the Canadian Election’s Crypto Angle appeared on BitcoinEthereumNews.com.

Canada will host an election next week, where voters will consider a range of issues — the economy, housing, trade relations with the U.S. — as they choose their elected officials, who in turn will choose the next Prime Minister of the country. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Crypto is not a major electoral issue during this year’s Canadian election. Neither leading Prime Minister candidate has campaigned on digital assets, but here’s how they’ve discussed the issue in the past. Why it matters Canada infamously had massive crypto exchange collapses over the past few years, leading to concerted efforts from its provincial regulators to enact guardrails on the digital asset industry. While exchanges like Coinbase are calling for policies like a Canadian government task force or a bitcoin reserve, so far the leading candidates for Prime Minister seem to have other issues on their minds (namely: U.S. relations and trade, housing and the economy). Breaking it down When Canadians go to the polls next Monday, they’ll be choosing their Member of Parliament. The party with a majority of seats will form the country’s new government, and the leader of that party will become the new Prime Minister. While the Conservative Party and its leader Pierre Poilievre held comfortable leads in polling averages through late-January 2025, the Liberal Party saw a massive surge in popularity after U.S. President Donald Trump announced tariffs with Canada (and most other countries). The Liberal Party, now with leader Mark Carney, has held a significant edge ever since, according to both polling data and Polymarket. Carney took over from former Prime Minister Justin Trudeau as leader of the Liberal Party last month. Pierre Poilievre Poilievre…