Tesla chairman urges shareholders to support Musk&'s trillion-dollar pay plan
Tesla (TSLA.O) Chairman Robin Denholm called on shareholders in a letter on Monday to vote in favor of CEO Musk's nearly $1 trillion compensation plan before the annual shareholder meeting. "If we fail to create an environment that incentivizes Elon to achieve great achievements through a fair performance compensation plan, we face the risk of him resigning from executive positions, and Tesla may lose his time, talent, and vision, all of which are crucial to providing outstanding shareholder returns," Denholm said. As Tesla is committed to surpassing the designation of "just a car company" and focusing on fully autonomous driving and humanoid robot Optimus, Musk's role in the company's future is crucial. Tesla's annual shareholder meeting is scheduled to take place on November 6th, Eastern Time, with shareholder voting ending at 11:59 pm on November 5th.
Canada is accelerating its stablecoin regulation and may announce new rules in the federal budget
according to informed sources, Canada is currently discussing stablecoin regulatory rules and may announce a major update in the federal budget to be released next week. These sources indicate that government officials have been in deep discussions with regulatory agencies and industry participants for several weeks. It is said that Canadian Finance Minister Shang Pengfei will address this issue in the budget document to be released on November 4. In July of this year, the United States passed the "Genius Act," authorizing financial regulatory agencies to supervise stablecoin issuers and their reserve management methods, and requiring issuers to comply with anti-money laundering and sanctions evasion provisions. This new law has been welcomed by many in the cryptocurrency industry. However, in Canada, due to the lack of relevant legislation, regulatory agencies have indicated that stablecoins may be considered securities or derivatives. Some experts believe that they should be regulated as payment tools and subject to strict supervision.