Canadian politician and prominent cryptocurrency advocate Pierre Poilievre has taken the lead of the Conservative Party of Canada, which looks set to give the current administration a run for its money in the next federal election.
The pro-crypto politician reportedly won the leadership of the Conservative Party of Canada in a landslide victory on September 10, securing 68.15% of the vote, far behind his closest rival Jean Charest, who won just 16.07% of the vote. vote.
Poilievre has been a member of the Conservative Party since 2003, first winning office in the 2004 election. Since then he has served as a Member of Parliament for seven terms, holding various roles including Shadow Chancellor of the Exchequer and Minister for Employment and Social Development.
His latest appointment means that Canadians may finally be able to vote for a pro-crypto Prime Minister in the 2025 federal election, which is scheduled to be held on or before October 20, 2025, to determine who will be Canada’s 45th Prime Minister. .
Earlier this year, Poilievre urged the Canadian public to vote him as leader to “make Canada the blockchain capital of the world,” adding:
“Let the people take back control of their money from the bankers and politicians.”
Let the people take back control of their money from the bankers and politicians.
Expand choice, reduce costs of financial products, create thousands of jobs.
— Pierre Poilievre (@PierrePoilievre) March 28, 2022
In March, the YouTube channel BITCOIN published a video Speaking at Tahinis restaurant during his leadership campaign, Poilievre spoke about his support for cryptocurrencies, saying, “We have to keep cryptocurrencies legal.”
“People should be free to choose other money. If the government is going to abuse our cash, we should be free to use other, higher quality cash.”
He also briefly talked about ideas to simplify crypto taxes, rules and regulations so that there is a consistent law across Canada.
In the same video, he bought a chicken shawarma using the Lightning Network.
Poilievre, however, offered very few details on how his party would implement regulation and adoption of cryptocurrencies if it unseated current Prime Minister Justin Trudeau’s Liberal Party.
The Conservative Party of Canada currently holds 16 of 105 seats in the Senate and 119 of 338 in the House of Commons, while Trudeau’s Liberal government has a minority government with 160 seats in the House of Commons.
At least 170 seats in the lower house are needed to form a majority government.
Canada made its foray into the global digital asset space when its parliament passed a national law on digital currencies in 2014.
The Canadian Regulatory Board has also created a new pre-registration submission for crypto platforms in August of this year.
Only a relatively small number of Canadians currently hold it BTCaccording to the Bank of Canada Revision of the financial system issued in June 2022 – about 13% of Canadians own some in 2021, up from 5% in 2020.