Bloomberg: Canada’s crypto industry is learning from the US election

Following the huge success of the cryptocurrency industry in last year's US election, digital asset companies in Canada have begun to apply what they learned. It is reported that the crypto industry in Canada hopes to see digital assets become a bigger focus in that election, just as in the United States. In July, Stand With Crypto expanded to Canada, but the Canadian branch does not intend to support candidates in the upcoming election. Instead, its goal is to "inspire the community of cryptocurrency advocates" and launch a grassroots movement of supporters who can speak to other Canadians and their members of parliament. While cryptocurrency may not be a political focus in Canada, the country has played an important role in the industry. Ethereum, the second largest cryptocurrency, was born in the country, and Canada is home to the world's first Bitcoin ETF. Some 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, and including crypto in open banking laws. So far, no political party in the country has supported the industry, but digital asset companies have tried to position crypto as a way to increase affordability - a focus of Canadian politics. (Bloomberg)