Bitcoin Skeptic Mark Carney Clinches Canadian Election—Crypto Advocates Brace for Regulatory Chill
Former Bank of England governor Mark Carney—a longtime critic of Bitcoin’s ’wildcat banking’ energy consumption—just outmaneuvered crypto-friendly Pierre Poilievre in Canada’s leadership race. The victory throws cold water on hopes for a North American crypto regulatory thaw.
Carney’s win signals rough seas ahead for digital asset frameworks in Canada. His track record of calling for strict stablecoin oversight and carbon taxes on mining operations suggests Ottawa may soon mirror the EU’s aggressive MiCA approach—minus the tax breaks.
Meanwhile, Bitcoin barely flinched on the news. Because when you’ve survived China’s mining ban and the SEC’s ETF foot-dragging, one more skeptical politician barely registers as FUD. Traders are too busy chasing the next ATH—or as Carney would call it, ’irrational exuberance.’
