Ahead of the Australian federal election, 2 million pro-cryptocurrency voters have emerged as a key variable, but discussions about cryptocurrency have been almost non-existent during the election campaign.
According to CoinTelegraph on the 19th, Adrian Przelozny, co-founder of Australian cryptocurrency exchange Independent Reserve, said, "This election was a good opportunity to lead cryptocurrency policy, but no party made it a major issue" and "They showed caution to avoid polarizing voters or being perceived as focusing too much on specific groups".
However, both parties are promising progress on regulatory introduction, drawing attention. The ruling Australian Labor Party (ALP) and the main opposition Liberal Party have both stated they will implement cryptocurrency regulations in consultation with the industry, signaling the beginning of institutionalization discussions after a decade-long policy vacuum.
The opposition's financial spokesperson Angus Taylor promised in a press conference in April that "if the Liberal Party takes power, they will release a draft digital asset platform regulation and payment system modernization plan within 100 days of taking office". Currently, the Australian Treasury plans to release these regulations within several months.
Amy Rose Goodie, CEO of the Digital Economy Committee, emphasized positively that "both parties are equally pushing for this bill's passage" and "the situation has clearly improved compared to last year, regardless of which government takes power".
In the Senate, minority parties supporting cryptocurrency are also expanding voter options by fielding candidates. The libertarian party released a 23-page policy proposal in March including "establishing a Bitcoin national reserve" and "recognizing Bitcoin as legal tender". The party has placed Senate candidates in five states, including former Liberal Party member Craig Kelly, but has not yet secured any seats.
In contrast, the progressive Green Party is refraining from making specific statements about cryptocurrency, while the conservative One Nation Party is focusing on opposing bank debanking and central bank digital currency (CBDC) introduction.
While Australian political circles have long ignored digital asset policies, both parties are now clearly showing their willingness to introduce regulations within the institutional framework, and the industry is paying attention to the potential for change.
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