Fun tidbit, the government singles out 38 proposals that benefit men, but only 6 that benefit women.
(And 12 that benefit gender equality, which means even women and gender equality combined get fewer proposals than men.)
@bhaggart.bsky.social:
Policies like these — and the budget is rife with them — are incremental and reactive. They are the opposite of transformational. Canada is facing three intertwined crises: US instability, the climate emergency, the digital economic revolution. Old, incremental thinking simply won’t cut it.
@seanyyz.bsky.social:
I thought it was Poilievre that was obsessed with cryptocurrency?Pee Pee and Carney lead two branches of the same evil Nazi Harper party
Oh no, will no one think of the poor Men, whatever will they do if they are deprived of their bitcoins and betting
@iratelump.bsky.social:
Also, what “men” are we even talking about? Most men don’t have crypto. Most men would probably prefer to have a home to some stupid memecoin.
Weird crypto bros are such a tiny sliver of society to make policy over, especially when that policy is legalizing scams.
We are in the absolute dumbest timeline and I seriously want out. It’s just hacks running this country and the world into the groundBillionaires know the rich and western nations are destroying life on earth; they want everything before life on earth is over. Vile stupid greedy old white man trash, especially Carney, Solomon and the tech bros.
@nolore.bsky.social:
I love how AI’s bubble is about to burst and Canada is like, “Let’s pour all our money into AI and also make Evan Solomon in charge.”
@patriciaknits.bsky.social:
My MP. I’m gonna assume they promised him this months ago to get him to run here (an extremely safe Liberal seat).
@seanyyz.bsky.social:
What did they offer to Marci Ien to drop out so suddenly too, after just a single term?
@slowsculpturemusic.com:
between this and the crypto news am beginning to think the banker pm is perhaps not so good with money
Great new report on AI data centers in advance of COP30:
“Feeding data centers with fossil fuels is taking the climate crisis and blowing it up like the Incredible Hulk. A gas-fed AI boom is going to hurdle us past any chance of keeping to our climate goal.”
Instead of protecting Canadians from scams, Mark Carney’s Liberals are planning to develop a framework for stablecoins after crypto billionaires spent big to buy one in the United States.
The government claims it will “benefit men and youth by improving prosperity and good governance.”
Precisely why it’s so gross to see the government not only legitimizing the scammy crypto industry, but saying it will benefit the very people who will likely be some of its biggest victims.
Sports betting and crypto are not the same but there are some massive overlaps.
Budget promises to introduce framework for Canadian dollar-backed cryptocurrency, Move follows U.S. law allowing American companies to issue U.S. dollar-backed stablecoin by Peter Zimonjic, CBC News, Nov 04, 2025
The Liberal government is committing to roll out new legislation to ensure some digital currencies are secure and stable enough for consumers and businesses to use.
The initiative announced in the 2025 budget is part of the government’s payments modernization plan that it says will “deliver more secure innovative payments for Canadians.”
The budget said the forthcoming legislation will require issuers of stablecoins, a type of cryptocurrency that is backed by real currencies or commodities like gold, to maintain asset reserves to manage risk and protect consumers.
The legislation will also require issuers to meet national security standards to protect Canadians’ sensitive and personal information.
Stablecoins have been around since 2014, when U.S. company Tether launched the first of its kind, a cryptocurrency tied to the U.S. dollar. Other companies have launched stablecoins since then, some of which have come crashing down.
The U.S. government passed its own regulatory legislation this past summer. The GENIUS Act opened the door for major American companies like Walmart to issue stablecoins backed by the U.S. dollar.
Those concerned that Canada is falling behind on cryptocurrencies have been urgently pushing the federal government to regulate the stablecoins so companies will have a framework to issue their own loonie-backed crypto.
And while the Bank of Canada dropped its central bank digital currency project last year, Calgary-based finance company Tetra Digital has raised $10 million to create a digital version of the Canadian dollar, with backing from Shopify, Wealthsimple and National Bank.
The budget says the cost of administering the legislation by the Bank of Canada will be $10 million over two years beginning in 2026-27, and will come out of government revenues.
Ongoing costs of about $5 million annually to administer the system will be picked up by stablecoin issuers that will be regulated under the new legislative framework.
The budget says the policy change will directly or indirectly benefit men and youth by improving prosperity and good governance.
Duration 2:22 Stablecoins are a type of digital currency that could revolutionize — or severely disrupt — the way people, companies and countries exchange money. CBC’s Jenna Benchetrit explains.
Lucas Matheson, the CEO of Coinbase Canada, the country’s largest registered crypto trading platform, said the government’s move “signals that Canada is ready to lead on digital innovation.”
“Today’s news will change how Canadians interact with money and the internet forever. Stablecoins will make payments faster, cheaper and more accessible for all,” he said.
As a part of the payments modernization plan, the Retail Payment Activities Act will be amended to regulate electronic payment service providers that use the cash-backed stablecoins to facilitate payments.
Stablecoins have the advantage of being as easy to trade as major cryptocurrencies while avoiding some of the volatility. But critics say they also lack some of the security infrastructure banks have to detect and prevent illegal financial transactions.
The budget does not provide details of what “national security safeguards” will be put in place to prevent illegal transactions, or when the legislation will be tabled.
The budget also says that it will give the Bank of Canada $19 million over two years to oversee the Consumer Driving Banking Act.
The act, which became law in 2024, allows individuals and small businesses to share their data with entities of their choice in a safe and secure way.
The budget is allocating $25.7 million to the Canadian Security Intelligence Service and the RCMP to support the information exchange safeguards under the a
@airplaney.bsky.social:
I have no objection to the notion of gambling — it’s deeply embedded in human nature
But this – this idea of a casino in your pocket that beeps and buzzes and relentlessly targets the most vulnerable – is utterly unacceptable to a functional society
“The consequences extend beyond lost money. Hazardous gambling is correlated with increased rates of anxiety and depression, and young men who engage in it are more likely to slide into a full-blown gambling addiction. Boys who frequently gamble miss more classes, perform worse in school”
“The gambling industry knows exactly what it’s doing. As one former FanDuel employee put it, “Anybody under twenty-five they have their eye on … [those are] the guys that bring you all the money.” These companies use sophisticated behavioral targeting to identify when users are at their weakest”
“They’ve learned from Silicon Valley, combining addiction science with smartphone technology to create products more captivating than Nevada casinos ever dreamed. While the house has always won it’s now better than ever, and available in your pocket 24/7.”
The rise of sports betting is a growing public health crisis, Gambling apps are ensnaring millions of young men by Isaac Rose-Berman, Nov. 11, 2025, statnews
Rose-Berman is a fellow at the American Institute for Boys and Men.
What’s emerged isn’t just a bigger gambling market but a public health crisis in the making, with young men as its primary casualties.
Today 90% of bets are placed on phones, not at casinos or racetracks. More than half are live bets, placed while games are in progress. Open any betting app and you’ll find hundreds of options per game: not just who wins but whether the next pitch will be a ball or a strike, whether Shohei Ohtani will get a home run and five strikeouts, whether LeBron James will score 30 points. You don’t need to drive anywhere, get cash from an ATM, or even get out of bed. It has never been easier to gamble. …
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