April 2025 witnessed crypto markets stoned by many tariffs in the direction of US President Donald Trump – controversial policies that could influence the outcome of the Canadian election on April 28.
On April 2, Trump imposed a “discount of reward tariffs” in 185 countries and territories. The average industry of Dow JonesBtc) Come along for the ride but broke from stocks as it recovered until the end of the month.
Blockchain adoption metrics for Ethereum look good, as the network is now boasting a 60% real-world tokenization (RWA). Basic companies like Blackrock are sure that blockchain will be the standard for RWAs, but other observers believe that scale issues can create problems.
In matters of policy, pro-Crypto lawmakers in a number of US states are pushing their respective bills; Two states introduced new law in April. In Canada, pro-crypto conservatives have lost liberal, but the successes must develop a minority government.
Here’s April in the numbers.
“Day of Liberation” sees the markets that go down, the Bitcoin up to 16% on the moon
On April 2, the US president provided retaliation tariffs to all US trade partners, sending Wall Street to a spiral. Between the announcement after close to the market and the end of the trading on April 8, global markets have destroyed more than $ 8.5 trillion in the cost of ownership. By the same date, the S&P 500 fell north of only 12%.
The value of the market has since retreated upward while some countries are court of the Trump administration seeking tariff relief, but major partners like China are still not blooming. While markets recover slightly, losses still cost a “only” $ 1 trillion, According to to investment managers AJ Bell.
Crypto also saw the losses. The price of Bitcoin dropped 9% between the announcement of the release Day and April 8. However, unlike stock markets, which still saw losses, Bitcoin managed to make the moon higher than where it began. At the time of writing, the BTC reached 16.16%, trading at $ 94,729.
Canada’s crypto-skyptic liberals won, but fell 3 seats short to most
Canadian prime minister Mark Carney has been successfully successful in the country’s federal election of the country’s parliamentary election, which took place on April 28.
Despite their success, the liberals got 169 seats, three short of 172 needed to produce a majority. A minority liberal government means they should rely on other parties for legislative initiatives.
The outcome will be significant for Canadian crypto policy. Carney, who was himself a former central banker, became public about his doubt for cryptocurrencies. When serving as governor of the Bank of England, Carney said they “failed” as a form of money. He also called for “equivalent protection of the bank’s commercial currency” for private stablecoins.
Related: What does the new liberal PM Mark Carney mean for crypto
At the same time, Carney signed his openness to digital forms of money and the capabilities of the blockchain technology. He expressed support for a central digital bank currency, seeing it as another step in the evolution of money.
The Liberals began the year to ride properly behind the conservatives as former prime minister Justin Trudeau dropped off. On Trump’s inauguration day, the conservatives led the polls to a 44% average polls at 21% of the liberal.
Conservative rhetoric, including pro-crypto party leader Pierre Poilievre, has decided to be pro-Trump. This connection may be the conservative recovery, quickly after office, Trump said Canada should be the 51st American state while at the same time ramping tariffs on Canadian goods.
Sharing the Rwas Ethereum market reaches 20%
The tokenization of real-world assets (RWWA) is one of the rising cases of use for blockchain technology in April. Ethereum is leading the road, with the value of RWA tokenization in the network rising to $ 6.2 billion. It marks a 20% increase in April.
RWAs are increasingly adopted by established financial companies that launch real estate tokenization projects, goods such as gold, and even carbon credits. Larry Fink, CEO of the world’s largest fund manager, Blackrock, has mentioned The tokenized RWA provides -for instant trading and shifts like a “digital act.”
Related: Five factors RWAs leave 2025
As reported in the Cointelegraph magazine, Ethereum advocates and developers have generally assumed that Ethereum will be a logical choice for companies that explore RWAs. In fact, Fink says “No question that the blockchain we will start with our tokenization will be Ethereum, and that’s not just a blackrock thing. That’s the natural default answer.”
Two new crypto laws introduced to the US state level
Two states, Texas and Georgia, have introduced new Blockchain- and crypto bills to their state legislatures in April.
In Texas, HB 5352 will establish a State Department of Information State’s Blockchain Pilot Pilot program. The pilot Purpose To see how blockchain technology can improve “transparency, security, and efficiency in government operations.”
In Georgia, HR 905 looking To “implement a public awareness campaign for grade K-12 grade levels regarding blockchain, cryptocurrency, and web3.” The bill states that technological literacy is essential for all ages and “Blockchain calculation represents the future of how the world interacts online and shares information through a permanent record of transactions with an open ledger.”
In Arizona, democratic governor Katie Hobbs vetoed A bill to expand a sandbox state regulation program to include digital assets. But he is signed and implemented a bill legislation that now prohibits towns “from prohibiting or restricting individuals from using computational power or running blockchain nodes in their own homes.”
The definition of “Computational Power” law can be widely interpreted in the meaning of AI, science research, blockchain and cloud computing activities. This effectively protects crypto miners at home from local and municipal laws for zone and ban.
Stablecoin adoption grows $ 4 billion in April
Stablecoins saw a steady growth in 2025, and April was no exception. The total capitalization of the Stablecoins market grew by $ 4 billion in April, according to coinglass.
The growing amount of stablecoin comes as a number of constituents that develop legal frameworks for property and soften their regulatory approach.
In the US, the House of Representative Bill in Stablecoins Passed a critical committee vote on April 2. Stable law provides policies around the stablecoin reserve and reserves and will continue on the floor for a vote.
Related: Stablecoin adoption is growing with new US bills, Japan’s open approach
The Securities and Exchange Commission has dropped a case against PayPal’s Stablecoin, Paypal USD (PIUSD), on April 29. In a formThe SEC said an inquiry about a 2023 subpoena was closed “without implementation.”
The market provides another incentive for stablecoin growth, according to the crypto intoteblock intelligence platform. According to the analytics firm, these possessions is increasingly visible as “safe havens in the current uncertain market.”
As the Trump administration marked its first 100 daysThe markets are demanding relief, but nothing seems to come. Despite claims from the White House, China said there were no high-level conversations to negotiate with tariffs.
Despite this, some observers insisted that, for crypto somehow, one should keep their eyes on the prize: the regulation framework that passed through the US Federal Congress.
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