The Globe and Mail reports in its Wednesday edition that regulators must carefully review the proposed acquisition of Wonderfi, a Canadian digital asset platform, by Robinhood, a U.S. fintech company, at 36 cents a share. Guest columnist Vass Bednar writes that if approved, Robinhood would gain control of Bitbuy and Coinsquare -- two of the largest regulated crypto exchanges in Canada -- as well as more than $2.1-billion in assets under custody. Wonderfi is one of the last major Canadian-owned players in the space. Approving the deal would mean ceding a critical piece of homegrown infrastructure just as the sector is maturing. Robinhood's past controversies, like the infamous GameStop saga and continuing regulatory scrutiny, raise serious questions about how well it would operate under Canadian regulatory expectations. Allowing this acquisition to proceed without rigorous scrutiny could set a troubling precedent: That Canada is open to losing ownership of financial platforms that serve millions. It would signal a weakening of our long-term capacity to build and host sovereign financial tools and nurture a fintech ecosystem aligned with domestic values and oversight. Once lost, these capacities are hard to recover.