Canadian bill to ban crypto political donations passes second reading

A bill aimed at banning political donations made in cryptocurrency has passed its second reading in Canada's House of Commons. According to CoinDesk, the legislation, known as the Strong and Free Elections Act (Bill C-25), applies to key participants in federal elections, including political parties, candidates, and third-party advertisers. The bill mandates that any illegal cryptocurrency contributions must 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 review and potential amendments.