Canada's Political Landscape Shaken: Justin Trudeau's Resignation Amidst Growing Discontent
The Web3 industry is developing at an incredible speed, and since this sector is relatively new in the financial sphere, many countries are still working on resolving regulatory issues. Additionally, significant changes often occur after government elections. Today, our Coinmooner team wants to share information about a potentially significant political event in Canada, which is actively being discussed online.
Recently, it was announced that the Prime Minister of Canada, Justin Trudeau, declared his intention to step down, as his party is facing increasing pressure ahead of the upcoming elections, with the possibility of defeat.
Trudeau's resignation, officially confirmed on Monday, followed polling results that showed his Liberal Party is expected to suffer a significant loss. Voter dissatisfaction is due to high prices for goods and the current housing crisis.
Trudeau’s political career was marked by tense relations with the re-elected U.S. President Donald Trump. Tensions between the two leaders escalated in late 2016 when Trump threatened to impose high tariffs on Canadian goods. Trudeau’s attempts to resolve this issue through a personal meeting with Trump at Mar-a-Lago did not bring the expected results.
Will Canada’s Political Shift Impact the Web3 Industry?
As for Bitcoin and cryptocurrency supporters, they cannot forgive Trudeau for his crackdown on the "Freedom Convoy" participants in 2022. Using the Emergencies Act, Trudeau authorized freezing truckers' bank accounts, suspending their insurance, and evacuating trucks. These measures aimed to end protests and blockades that the government considered illegal.
Discontent with his actions peaked during a December meeting with 50 party members from Ontario, Canada’s most populous province. Many expressed dissatisfaction at this meeting and openly called for Trudeau’s resignation.
After his departure, many Canadians, including Bitcoin supporters, began to consider his possible successor – Pierre Poilievre, leader of the Conservative Party. Poilievre openly supports Bitcoin (BTC) and blockchain technologies, making him a serious contender for the position of prime minister.
His potential appointment could mean significant changes in Canada’s policy towards digital currencies, shifting to a more progressive and favorable approach.
Coinmooner reminds all members of the Web3 industry about the importance of using the latest protection methods to ensure the highest level of security for their finances and assets.
