Coinbase Canada CEO Lucas Matheson urged the new government led by Mark Carney to quickly develop a national encryption strategy at the Toronto Consensus 2025 conference. Matheson suggested the establishment of a dedicated encryption working group within 100 days of taking office, clearly defining digital assets, regulating stablecoins, and allowing banks to securely hold cryptocurrencies. He emphasized the need for a stablecoin pegged to the Canadian dollar, pointing out that current international remittance costs can be as high as 6%-12%, while encryption technology can significantly reduce these fees. Matheson also stated that about 15% of Canada's population belongs to the underserved banking group, and encryption technology can provide innovative solutions for them. Matheson warned that if swift action is not taken, Canada may fall behind in the global encryption financial competition, forcing citizens to use foreign platforms, increasing risks, and missing out on economic opportunities.