According to a brand new Twitter submit on Tuesday, Canadian Prime Minister Justin Trudeau made essential remarks concerning newly elected opposition chief Pierre Pollievere’s pro-crypto platform, writing:

“We’ll additionally name out questionable, reckless financial concepts. Telling folks they will choose out of inflation by investing in cryptocurrencies just isn’t accountable management.”

In a separate TV look, Trudeau reiterated the remarks, including that “accountable leaders” should not advocate for people to “make investments their life financial savings in risky cryptocurrencies.”

On Saturday, Calgary-born politician Pierre Pollievere received 68.15% of the votes in an election for the following chief of the Conservative Occasion of Canada, or the official opposition to the incumbent Liberal Occasion led by Justin Trudeau.

Pollievere is a pro-crypto advocate who has pledged to remodel Canada into “the blockchain capital of the world,” citing constructive job creation prospects inside the Web3 sector and a decrease price to entry monetary merchandise as causes to help the intent. In previous interviews, Pollievere claims that the federal government is “ruining the Canadian greenback,” and that Canadians ought to uconsider different types of cash, reminiscent of crypto.

Earlier this yr, Canada declared a state of emergency after a convoy of truckers, dubbed the “Freedom Convoy,” blockaded the downtown space inside the nation’s capital, Ottawa. The group advocated for an finish to all coronavirus-related lockdown measures and an finish to vaccine mandates.

In response, the Trudeau authorities invoked the nation’s Emergency Act, empowering banks to freeze funds associated to protestors’ actions. Subsequently, an Ontario decide ordered thousands and thousands of Bitcoin-denominated donations to the group’s pockets deal with to be frozen. The RCMP, or Canada’s federal police, additionally requested crypto exchanges to freeze wallets held by protestors.