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Nathaniel Erskine-Smith
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Stance from 2025-11-27
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Quoted from ourcommons.ca on 2025-11-27

We, the undersigned, residents of Canada, call upon the Government of Canada to:1. Rapidly implement the stablecoin regulatory framework as committed to in Budget 2025, ensuring it protects consumers and safeguards financial stability while fostering innovation;2. Provide interim guidance and exemptions that give CAD stablecoin issuers and intermediaries a workable path forward during the implementation period to support responsible innovation;3. Integrate crypto and blockchain considerations into Canada’s ongoing financial modernization agenda, including tokenization, open banking and digital payments infrastructure;4. Ensure that Canadian fintechs have fair access to banking and payment systems to compete and innovate;5. Assign the blockchain and crypto cross-coordination mandate to the Minister of Artificial Intelligence and Digital Innovation; and6. Engage industry, consumer groups, and technical experts in consultations on the design of a CAD-backed stablecoin and related digital-asset policies.

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