When Robinhood agreed to buy WonderFi, the company I founded, some of Canada’s loudest voices argued that federal regulators should block the deal. WonderFi, they said, had become a strategic national asset, the crypto equivalent of one of Canada’s Big Five banks, and that it could not be allowed to fall into American hands.
I understood the concern. Canada has been losing on too many fronts. For decades, capital and many of our most talented and ambitious citizens have moved south. But blocking the sale of my company to Robinhood would have done nothing to address the underlying problems that have spurred this exodus.
Sure, Canada would be better off with more large, Canadian-owned tech companies. But that would require…
