Trudeau’s Resignation Could Open Door for Potential Shift in Canada’s Crypto Policy
Canadian Prime Minister Justin Trudeau’s decision to step down on Monday could open the door for the government to be more open to cryptocurrencies, which have struggled to thrive amid Trudeau’s anti-crypto/pro-CBDC stance. Trudeau announced that he would resign as leader of the Liberal Party and prime minister after 11 years since 2015. Critics in the cryptocurrency community have decried the government’s decision to sanction digital wallets during the 2022 Freedom Convoy protests. Trudeau has been critical of cryptocurrencies, mocking Conservative Leader Pierre Pliyev for supporting “unstable cryptocurrencies.” Trudeau also advocated for the creation of a Bank of Canada Digital Currency (CBDC), in contrast to cryptocurrencies