Hong Kong is working to permit continuous contracts.

New Regulations from Hong Kong

Hong Kong is working to legalize the use of perpetual contracts. This step is being taken to support the development of the cryptocurrency industry.

Political Support for Crypto

Meanwhile, the funding arm of the crypto industry has decided to support the Republican Senate primary in Alabama with a$5 million investment. Although the congressional midterm elections are still nine months away, preparations are already in full swing.

Funding Details

Fairshake and its affiliated political action committees indicate that they have a budget of $193 million to spend to date. This amount is much larger than most political action committees across sectors and even the largest funds directly serving political parties.

Targeted Support Names

Alabama legislator Barry Moore will receive supportive advertisements from this funding. A Fairshake representative also mentioned that they have allocated resources to Representative French Hill, who is the chairman of the United States House Committee on Financial Services.