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    Key Figure: Representative French Hill

    Ethan CarterBy No Comments1 Min Read
    Key Figure: Representative French Hill

    While Rep. French Hill’s name might not ultimately feature in the final U.S. crypto legislation, he has been a key proponent in advancing it.

    By Jesse Hamilton|Edited by Cheyenne Ligon

    Updated Dec 8, 2025, 3:47 p.m. Published Dec 8, 2025, 3:00 p.m.

    French Hill

    (Nikhilesh De/Modified by CoinDesk)

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    40% of Canadian Crypto Users Flagged for Tax Evasion Risk, Canadian Tax Authority Reveals

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    According to Canada’s tax authority, legal shortcomings hinder its capacity to track crypto-generated income, while it has recouped $100 million through audits and is advocating for stricter regulations.

    What to know:

    • The Canadian Revenue Agency has identified 40% of crypto platform users as evading taxes or at high risk of non-compliance.
    • CRA’s cryptoasset program employs 35 auditors managing over 230 cases, leading to $100 million in tax recovery over three years.
    • New legislation aimed at combating financial crimes, including tax evasion in crypto, is anticipated by Spring 2026, as stated by the Minister of Finance.

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    Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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