TLDR Tech / Crypto
Canada Proposes Ban on Crypto Political Donations
Bill C-25, the Strong and Free Elections Act, introduced March 26, groups crypto alongside money orders and prepaid cards as difficult-to-trace payment methods and would prohibit their use for donations across the entire federal political system, including parties, candidates, and third-party election advertisers. The move, announced one day after the UK placed a moratorium on crypto donations, sharpens a growing regulatory split with the United States where the FEC has permitted crypto donations since 2014 and crypto-backed super PACs spent over $190M during the 2024 election cycle.
Read the full story