Wu said that Hong Kong Legislative Council member Wu Jiezhuang stated that Hong Kong regulators are adopting a more open attitude in releasing new policies, especially by opening perpetual contract features to professional investors. Wu Jiezhuang suggested that the government should consider establishing a dedicated agency or department to oversee the development of digital and crypto assets comprehensively, particularly by introducing clear guidelines and regulations so that decentralized autonomous organizations (DAOs) can operate more compliantly in Hong Kong and attract more Level 1 blockchain projects to grow and thrive in Hong Kong.