Trump Halts Canada Trade Negotiations Amid Digital Tax Clash – Crypto Implications?

Trade tensions flare as the US hits pause on talks with Canada over its controversial digital services tax—a move that could ripple through tech and crypto markets.

Why it matters: The 2% levy on digital revenues targets Silicon Valley giants, but decentralized finance (DeFi) protocols might dodge the bullet—for now.

Between the lines: Ottawa’s tax grab coincides with record crypto adoption in Canada, where regulators have taken a softer stance than their SEC counterparts. Coincidence? Probably not.

Wall Street whisper: Traditional finance brokers are already spinning this as 'proof' crypto needs heavier regulation—while quietly accumulating BTC ETFs.

The irony? This political stalemate could drive more developers into the arms of borderless DeFi platforms. Take that, legacy systems.