Does Canada need more political engagement in the crypto industry?

With the ever-expanding global crypto industry, the question of whether Canada should increase its political engagement in this realm becomes paramount. Is Canada lagging behind in regulating the crypto sphere, missing out on potential economic growth and technological advancements? Or is the current level of engagement sufficient, balancing regulatory needs with the industry's innovative spirit? With the increasing adoption of digital currencies and blockchain technology, does Canada stand to benefit from a more active role in shaping the future of this rapidly evolving field? This discussion begs for clarity on how the Canadian government can best position itself to leverage the opportunities presented by cryptocurrencies while ensuring stability and consumer protection.