Pualevr is leaving, Carney is coming: Is Bitcoin's freedom in Canada under threat?
$BTC, $XRP, $SOL
Pualevr is the most ardent supporter of Bitcoin in Canada, and as he prepares for the upcoming federal elections, he has become a beacon for Bitcoin supporters. Known for his pro-cryptocurrency views and calls for Canadians to 'reject inflation', he is also a beacon of hope for Bitcoin supporters.
Ironically, Liberal leader Mark Carney secured 162 seats, which apparently is enough for a minority government. In the Ottawa riding, popular Conservative candidate Pierre was ousted by rookie liberal Bruce Fandjo, dramatically concluding his parliamentary career.
"Everything changed for Pualevr as the strong rhetoric of US President Donald Trump sparked nationalist fervor across Canada.
Threats of annexation, new tariffs, and MAGA-style messaging all supported Carney as a moderate, stable option. Pierre's ability to associate himself with populist politics at delicate moments — perhaps most delicate when Canadian sovereignty became a pronounced hot issue — caused many voters to doubt him. However, his loud support for cryptocurrency could not save him from the red wave as political winds shifted.
Even in the face of political upheaval, the cryptocurrency market managed to keep its head held high. On April 29, 2025, the following prices were:
Now investors want to see how Carney and his administration will regulate the world of cryptocurrencies. Unlike Pualevr's vision of Bitcoin thriving freely without regulation, Carney sees a future with fences and oversight. Think of regulation in the spirit of MiCA, experiments with CBDCs, and compliance-oriented innovations.
Although Pualevr was perceived as a disruptive factor, his departure does not mean the end of the blockchain sector. Rather, it means Canada may move towards structured innovations.
What cryptocurrency companies can expect:
The development of CBDCs is likely to gain momentum.
Stricter KYC/AML compliance from platforms and exchanges.
Cross-border regulatory compliance mechanisms in the EU and US.
Oversight of DeFi, possibly modeled after MiCA in the EU.
While people may not see the Wild West under Pierre, they can expect institutions to be ready for investments as laws become clearer. Mark Carney has consistently emphasized that digital finance requires reliable governance, stating that sound money must also be safe money, which CoinDesk agrees with.
This indicates a shift from ideology to infrastructure, which could be good for the market's long-term reputation.
More than Bitcoin or blockchain, this election was about trust: leadership and Canada's position in the world. Pierre's sharp libertarian tone once seemed promising for those disillusioned with big banks and ever-expanding governments.
But when it came down to it, voters chose Carney's rational, practical perspective. They felt Pierre's message did not resonate at a time when external threats loomed, and internal stability seemed shaky.
Let's not speak too soon about the death of Pualevr's crypto crusade. His power has left a scar. By now, many Canadians know about Bitcoin and why decentralization is important. The conversation has begun, and it won't end with the loss of one individual.
Now the baton passes to a cautious regime that may move more slowly. However, with patience, teamwork, and maturity, the Canadian crypto space can still become a world leader.
Pualevr's defeat is a bitter pill for Canadian crypto partisans. But this is not the end of the story; it is the beginning of another chapter. Builders and traders must adapt, lobby, and create under the new rules of this game.
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