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The Web3 and Virtual Asset Development Subcommittee of the Hong Kong Legislative Council held a meeting on November 19 to discuss the promotion of blockchain technology application and Web3 development. Business lawmakers Yan Gang proposed to combine the development of virtual asset indices and stablecoins in Hong Kong, so that Hong Kong can gain a certain say in the pricing power of virtual asset transactions. It is hoped that the SAR government will make further plans in this regard.
The House subcommittee on digital assets, fintech and inclusion said in a notice on September 13 that it would hold a hearing entitled "Dazed and Confused: Breaking the SEC's Politicized Approach to Digital Assets". Witnesses at the hearing on September 18 will include former SEC commissioner Dan Gallagher and Michael Liftik, who served at the SEC for about a decade as an attorney, senior adviser or acting head of enforcement.
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