PANews reported on October 9th that according to the Hong Kong Economic Journal, Joseph Chee, former head of UBS Investment Bank Asia and current executive chairman of Helius, the Solana treasury company, stated in a recent interview that his company aims to acquire at least 5% of Solana. He stated that as long as market capitalization and regulatory requirements are met, Hong Kong will be the second listing location, adding, "Maybe in six months (to meet the requirements), we will come here (Hong Kong) as soon as possible." Chee pointed out that Solana's processing power surpasses Ethereum. While Tom Lee often says that large financial institutions, stablecoins, and payment companies are all built on Ethereum, many institutions are building applications on blockchains like Solana and Avalanche.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

