News Summary

Coinbase Canada CEO Lucas Matheson, speaking at Consensus 2025, emphasized the need for Canada’s new Liberal government to adopt crypto-friendly policies. This comes as Coinbase discloses a cyberattack that could cost up to $400 million USD, underscoring the challenges facing the crypto industry. The attack involved insider collusion, leading to customer data theft, though login credentials and funds were not directly compromised. Coinbase has taken steps to address the breach, including firing involved insiders and offering a $20 million bounty for information leading to arrests. Despite the setback, Coinbase continues to push for regulatory changes in Canada, advocating for measures like establishing a crypto task force and easing regulations for stablecoins. The company remains a key player in the Canadian crypto community, collaborating with industry groups to promote favorable policies.