Bloomberg: The Canadian crypto industry is learning lessons from the U.S. elections

ChainCatcher news, according to Bloomberg, following the significant success of the cryptocurrency industry in last year's U.S. elections, Canadian digital asset companies have begun to apply the lessons they learned.

It is reported that the Canadian crypto industry hopes to see digital assets become a bigger focus in that election, just like 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 launch a grassroots movement for supporters to engage in dialogue with other Canadians and their parliamentary members.

Although cryptocurrency may not be a political focal point in Canada, the country has played a significant role in the industry. The second-largest cryptocurrency, Ethereum, was born in the country, and Canada is home to the world's first Bitcoin ETF. Other issues that the Canadian crypto industry lobbies for include allowing the use of Bitcoin in retirement savings plans and tax-free savings accounts, as well as incorporating crypto into open banking legislation.

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—an important focus in Canadian politics.