1. Trump team considers former SEC Commissioner Paul Atkins to replace Gary Gensler
The Trump team has interviewed Paul Atkins, a former SEC commissioner and a think tank behind the conservative financial community, as a candidate for the chairman of the U.S. Securities and Exchange Commission (SEC). Trump is expected to make a choice in the next few days, but has not yet made a decision. Paul Atkins served as a Republican commissioner of the U.S. SEC during the Bush administration, and later founded Patomak Global Partners, a consulting firm that serves large clients in the financial industry. Paul Atkins is a strong supporter of digital assets and fintech companies, and has testified in Congress, proposing reforms to the way the SEC operates to reduce regulations that some industry participants believe are duplicative or overly burdensome.
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2. Telegram founder: Received 1% of MAJOR from the founder of Major, and will not sell these tokens in the next 10 years
Telegram founder Pavel Durov posted on his personal TG channel that Major Mini Program is one of my favorite success stories of Telegram ecosystem. Launched by 27-year-old entrepreneur Roxman, Major has gained more than $10 million in revenue and 70 million users in just 5 months. I like Major because it can quickly adopt the new possibilities of the Mini Program platform and add features that feel naturally belong to Telegram. I also like Roxman, who I have been following before he launched Fabrika and Major. Roxman generously donated 1% of MAJOR tokens to me, and I will not sell these tokens for the next 10 years. I heard that the Major team is preparing many innovations (such as username NFT leasing and digital ID). Tomorrow is a big day for them: MAJOR tokens will be listed on six major exchanges. Wish them good luck.
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3. Scroll co-founder Sandy Peng responds to outside doubts about the project
The team acknowledged that there were deficiencies in the communication of airdrop design principles, and plans to make adjustments through Session 2 in response to community feedback and to make amends; Regarding the team wallet, it has been explained before that the treasury is used to support the core DeFi liquidity on Scroll, and the tokens in these wallets are unclaimed, with minimal impact (about 0.00001%); A relatively relaxed attitude was taken towards OTC before TGE to support early investors, which helped promote organic price discovery and reduce selling pressure in the later stages; Regarding allowing team members to purchase tokens at the last round of valuations, anyone who has operated the protocol knows that this is impossible; The Scroll team is undergoing a reorganization to align with the next stage of development.
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4. The proposal of Hong Kong Legislative Council members was passed to strengthen the development of the virtual asset field
The motion "Promoting high-quality development and building a financial power" proposed by Hong Kong Legislative Council member Li Weihong was passed. Li Weihong suggested strengthening the development of the virtual asset field and promoting Hong Kong's competitiveness in digital finance. He proposed allowing retail investors to participate in virtual asset transactions of more types and currencies and speeding up the approval process of the Securities and Futures Commission for the upgrade of relevant licenses. In addition, Li Weihong also proposed that the Hong Kong Monetary Authority should strengthen cooperation with the People's Bank of China and pay attention to the difficulties faced by the virtual asset industry in opening accounts.
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5. Shenzhen Qianhai Cooperation Zone People's Court recently ruled on a labor dispute case involving virtual currency payment of wages
The court held that virtual currency should not and cannot be used as a wage standard, and ruled that the failure of a certain company to pay Zhou's salary as agreed in the labor contract constituted an illegal termination of the labor contract. In the case, when Zhou signed the (labor contract) with the company, it was agreed that the monthly salary was 45,000 yuan, of which 20,000 yuan was paid by bank transfer and the remaining 25,000 yuan was paid by virtual currency USDT, but the virtual currency part was not paid on time. The court pointed out that according to the (Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation) issued in 2021, virtual currency does not have the status of legal tender and cannot be used for market circulation as wage payment.
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