Polkadot Digest 11 May 2023

Polkadot News

Daniel Schoenberger, Chief Legal Officer at W3F, testified before the US House of Representatives yesterday on the future of digital assets. For details, see Web3 Foundation Testifies On Digital Asset Regulation Before the U.S. House of Representatives | by Web3 Foundation Team | Web3 Foundation | May, 2023 | Medium

Or if you would prefer to watch the whole hearing or read the written testimony yourself, it is available here: "The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Markets" | House Agriculture Committee

Referendum 114, proposing to onboard a Bridge Hub system parachain to Polkadot, has passed. https://polkadot.polkassembly.io/referendum/114

Referendum 118, proposing to increase the ideal number of validators in the active set to 400, is currently passing with 97% in favor and 27 days left to vote. 1kvP Validators Initiative: Increase Validators Active Set to 400 | Polkassembly

Referendum 115, proposing to open three new HRMP channels between Statemint and Bitgreen/Subsocial/Manta, is passing with 99% in favor and 5 days left to vote. Three New HRMP Channels batch On Polkadot | Polkassembly

Referendum 117, seeking a force_transfer back to the Treasury from a previous Treasury Proposal, is currently failing with 73% in favor and 17 days left to vote. https://polkadot.polkassembly.io/referendum/117

Kusama News

This Parachain Lease Auction has seen three projects - Bit.Country, Kabocha, and Anonymous Parathread ID 2268 - in the lead during the Ending Period. Kusama Auctions and Crowdloans | Parachains.info

Referendum 190, proposing to upgrade the Kusama and system parachain runtimes to v9420, is up for vote. https://kusama.polkassembly.io/referenda/190

Note that this Referendum is on the Whitelisted track, which means it will also need to be whitelisted by the Fellowship: Participate in OpenGov ยท Guide