A bill aiming to ban cryptocurrency political donations has passed its second reading in the Canadian House of Commons. According to CoinDesk, the bill, known as the 'Strong and Free Elections Act' (Bill C-25), targets key participants in federal elections, including political parties, candidates, and third-party (external) advertisers, and stipulates that illegal cryptocurrency donations must be returned within 30 days or forfeited to the Canada Revenue Agency. The bill was passed with bipartisan support and has now been referred to a committee for further amendments and review, initiating the deliberation process.
