✘ Bill C-249, Encouraging the Growth of Cryptoasset Sector Act

Bill

Bill C-249, An Act respecting the encouragement of the growth of the cryptoasset sector

Vote

Nay.

Rationale

Bill C-249 is narrow in scope and does not address the potential vulnerabilities and financial instability within the cryptoasset industry. The Bill also does not take into account the international forums and the role of provinces and territories in the cryptoasset sector. In order for the Government of Canada to create a framework for any industry regulated by provinces or territories, consultations must be done prior to the creation of legislation, as this would be in contravention of constitutional agreements.

Failed.

Bill Status

Bill defeated.