In April 2025, the crypto markets were shaken by additional tariffs imposed by US President Donald Trump, potentially influencing Canada's elections on April 28. Trump's tariffs on 185 countries led to significant market drops, with the Dow Jones falling by 2,200 points and the S&P 500 by nearly 6%. Despite this, Bitcoin showed resilience and recovered by the end of the month. Ethereum's blockchain adoption metrics are promising, with 60% of real-world assets tokenized on the network. The Canadian elections resulted in a victory for the Liberal Party, forming a minority government. The outcome will impact Canada's crypto policy, as Prime Minister Mark Carney has expressed skepticism towards cryptocurrencies but openness to blockchain technology. Additionally, the tokenization of real-world assets on Ethereum has seen significant growth, with major financial firms exploring this technology. Several US states have also introduced pro-crypto legislation, signaling a shifting landscape in the crypto and blockchain industry.
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