**Summary:**
In this video, the speaker discusses the intersection of cryptocurrency and politics, focusing on how politicians are beginning to incorporate discussions around blockchain and crypto into their campaigns. The speaker highlights examples such as a potential candidate in Canada aiming to make the country the blockchain capital of the world and various initiatives in the US to embrace cryptocurrencies at the state and local level. The speaker expresses skepticism towards politicians and their understanding of technology and cryptocurrency, but also sees potential for increased awareness and legitimacy for crypto through political discourse. The speaker concludes by expressing optimism about the future development of cryptocurrencies regardless of political influence.

**Detailed Article:**
The speaker in this video delves into the entwined relationship between cryptocurrency and politics, shedding light on how these two realms are starting to merge. The discussion opens with a focus on the current political landscape, notably in the United States, where the speaker touches upon the midterm elections and the potential impacts of these political cycles on the cryptocurrency space. Emphasizing their skepticism towards politicians and the existing political system, the speaker dismisses both sides of the aisle as corrupt, advocating for a shift towards eliminating politicians rather than supporting them.

Furthermore, the conversation shifts towards recent developments, referencing an article discussing a Canadian figure, referred to as Pierre, who has expressed ambitions to position Canada as the leading blockchain hub globally. This aspirational goal mirrors a larger trend where politicians are increasingly embracing cryptocurrency initiatives to gain traction in their campaigns. Examples cited include Mayor Suarez's efforts in making cities more crypto-friendly and states like Wyoming legally recognizing DAOs as a legitimate business structure.

The speaker acknowledges the significance of politicians discussing cryptocurrencies, noting that while it may lead to increased awareness and publicity, it does not necessarily guarantee an in-depth understanding of the technology. Despite the speaker's criticism of politicians' lack of comprehension regarding cryptocurrency, there is an acknowledgment that their engagement in the dialogue can potentially serve to legitimize crypto as a mainstream political topic.

Moreover, the speaker reflects on the non-alignment of cryptocurrency discussions with party lines in the US political spectrum, highlighting the Biden administration's unfavorable stance towards crypto and the evolving stance of the Trump administration during its term. This observation underscores the complexity of cryptocurrency's integration into political narratives and the various approaches adopted by politicians based on contrasting agendas.

Towards the conclusion, the speaker underscores the significance of time in the development and maturation of the cryptocurrency space, asserting that continued advancements will render political interventions less impactful. The video ends with a hopeful outlook for the future of cryptocurrencies, speculating on the potential mainstream positioning of crypto by the end of the year, as catalyzed by a convergence of factors like political discourse and mainstream advertising efforts.

In essence, this video provides a critical analysis of the intertwining of cryptocurrency and politics, reflecting on the potential implications of this relationship on the broader cryptocurrency landscape.

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*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*

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I tend to think that both sides hate crypto so I wonder if we will get the 50% divide to support crypto from tribalism?

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In Canada I think it may become a left right issue because of the Freedom Convoy but I am hopeful. I just hope they don't regulate it to much more then it already is. We can already use crypto legally in Canada. There has been taxes on crypto since 2013. At that time it was considered a security but now they consider it a commodity because it has proven itself to be decentralized. I think the Freedom convoy was when they made it a commodity. It's taxed as Capital gains or income. Purchases are considered barter transactions because it's not legal tender. Mining is to a point, is tax free. Depends on how big your operation is. Canada has been slowly adding more regulation to crypto, the more the world accepts it and regulates it. <a href="https://www.koho.ca/learn/is-crypto-currency-regulated-in-canada/#:~:text=Canada's%20history%20of%20crypto%20regulation&text=Since%202013%2C%20Canada%20has%20taxed,that%20applied%20to%20digital%20currencies. ">Koho showing the regulation over the years.</a> <a href="https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.html/">What the current laws are.</a> Alberta has been aiming to become the crypto Capital of Canada for a while now. <a href="https://www.bnnbloomberg.ca/alberta-seeks-to-diversify-economy-by-becoming-canada-s-crypto-destination-1.1718100">Doug Schweitzer, Alberta’s minister of jobs, economy and innovation has been working hard to make that happen.</a> Since 2013 we have a coffee shop <a href="https://www.remedycafe.ca/locations ">Remedy Café</a>  that takes Bitcoin, a crypto exchange/ATM  <a href="https://www.bitnational.com/">BitNational</a> and so much more that were developed over the years. In Quebec we have a mining Company called <a href="https://www.hiveblockchain.com/">HIVE Blockchain Technologies</a>, which made it very confusing when I first joined Hive because I can find more on them since they been around since 2017 but now Hive is the 3rd article with brave search in Canada. <a href="https://www.newswire.ca/news-releases/hive-blockchain-requests-cease-and-desist-from-new-steem-community-hard-fork-using-same-name-898479100.html">They even tried to sue for copyright infringement 2 years ago.</a> 

>    We have a candidate in Canada who wants to make it the "Blockchain Capital of the World". We have the upcoming mid-terms in the United States.


The video was superb and well illustrated. I really enjoyed it, to be sincere I believe that crypto many politician will use it to campaign during the election

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Canada : At first totalitarian politics, than crypto friendly? I doubt it. If it will be, than there will be a lot of conditions