Michelle Rempel Garner (a member of Canada’s House of Commons) has proposed a bill to allow the government to set up a framework that will encourage growth of the crypto sector.

Garner gave the House of Commons the Bill C-249 first reading on Wednesday. Proposed having Canada’s Minister of Finance — currently Chrystia Freeland, a member of the country’s Liberal Party — consult with industry experts to develop a regulatory framework aimed at boosting innovation around cryptocurrencies. The bill, titled the “Encouraging the Growth of the Cryptoasset Sector Act,” would also require the Finance Minister to report on the framework and introduce legislation within three years of passage.