Canada Advances Legislation to Prohibit Cryptocurrency in Political Campaigns

Key Highlights Bill C-25 successfully cleared its second reading in Canada’s House of Commons on April 25 The proposed legislation seeks to prohibit candidates and political parties from receiving cryptocurrency contributions The measure forms part of comprehensive election law reforms focused on countering foreign interference and enhancing transparency Previous attempts to enact similar restrictions under Dominic LeBlanc in 2024 were unsuccessful Parallel regulatory efforts are underway to establish frameworks for stablecoins and broader digital asset governance Canadian lawmakers have advanced legislation that would eliminate cryptocurrency as a permissible form of political contribution, bringing the Strong and Free Elections Act one step closer to becoming law. LATEST: Canada's Bill C-25, which would ban crypto donations to federal political campaigns, passed second reading in the House of Commons with cross-party support and little opposition. pic.twitter.com/vsA7dubYlv — CoinMarketCap (@CoinMarketCap) April 28, 2026 Government House leader Steven MacKinnon introduced the legislation on March 26. Following its successful passage through second reading, the bill will undergo detailed scrutiny at the committee level, where amendments remain possible. Should the legislation receive final approval, it would formally prohibit political entities and individual candidates from accepting crypto donations. Regulatory authorities have identified digital currency contributions as a significant vulnerability in current campaign finance oversight, primarily citing challenges in transaction traceability. During the bill’s introduction, MacKinnon stated: “With the introduction of the Strong and Free Elections Act, new investments to counter foreign threats and stronger government coordination, we are acting to ensure our elections remain free, fair and secure at all times.” This legislative effort represents Canada’s second attempt at implementing such restrictions. A com...