Canadian House of Commons passes second reading of bill banning cryptocurrency political donations

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