Backpack announced that Mark Wetjen, former acting chairman of the U.S. Commodity Council, has been appointed as president of the U.S. site, which is expected to see BP return to the U.S. market soon. This old man was the chief advisor who helped SBF lobby for government relations in the United States during the period when they were still operating FTX, and he was pushing FTX to return to the US market at that time. And the current SEC chairman has a former partnership with him. Both parties have worked for a Washington regulatory consulting firm with similar positions. As early as 2014, he had hoped that regulation would cater to Bitcoin. Yesterday, Backpack announced the launch of IPO new stock subscription service, where users can directly use US dollar stablecoins to subscribe for IPO shares of various companies in the future. This underlying layer is supported by infrastructure company Superstate and runs on the Solana public chain. This also means that if I hold USDC in the future, I can subscribe to shares of popular companies through Backpack and then sell them directly on the platform, without the need for traditional securities firms to transfer US dollars from banks to securities firms and then make new purchases. The above measures are expected to pave the way for Backpack's future IPO in the United States, as in February of this year, the CEO of Backpack stated that the company is fully committed to its plan to go public in the United States, and the team's own platform token will only be considered for unlocking after the company goes public.