Hedera Council Minutes: What 'Competing Priorities' Means for HBAR
Hedera Council minutes record members citing 'competing priorities' on piloting. What the logo list leaves out and what HBAR holders can check for themselves.

Key takeaways
- Hedera's council was pitched in 2018 as a body providing business, technical, legal and regulatory expertise, not as a list of customers already building on the network.
- Minutes from the November 2025 London meeting record members citing 'competing priorities' as a challenge to piloting on Hedera within 12 months, while expressing strong confidence in developing and deploying solutions.
- According to the video, council officers proposed in London that members stay until all 39 seats are filled and then rotate one for one; separately, the video says a council committee later proposed ending the two-term limit.
- Logo lists copied across exchange pages can be out of date: Boeing left the council in February 2025, yet the video found it still listed on an exchange's HBAR page.
- The minutes are free on the Hedera Council website, and the 12-month piloting window discussed in London runs out around November 2026.
Minutes from the Hedera Council’s November 2025 meeting in London show that getting council members to build on the network is still an open task. Asked how confident they were about piloting on Hedera in the next 12 months, members cited “competing priorities” as a challenge, while expressing strong confidence in developing and deploying solutions.
That matters for anyone holding HBAR on the strength of the council’s logo list. Google, IBM, Deutsche Telekom and FedEx sitting at one table is often treated as proof of adoption. The minutes are free for anyone to read, and they tell a slower and more detailed story. The video walks through what they say.
What is the Hedera Council supposed to do?
The Hedera Council was first pitched as a governance body providing expertise, not as a group of customers. A 2018 introduction video, shown in the Bullrunners video, describes a split model. Consensus would be open, so anyone could run a node. Governance would be permissioned, handled by 39 industry-leading organizations providing expertise in business, technical, legal and regulatory matters.
Building products was not on that list. The video compares the council to the big firms on the board of a football club: they pick the manager and approve the rules, but nobody expects them to play. A clip in the video describes the council as one that “steers the network’s growth, development, and governance.”
The ambition has grown since then. In a clip shown in the video, council chair Mance Harmon says the council has 31 members with more in the pipeline. He adds that a second reason for the model was for members to act as “lighthouse customers,” each actively adopting and using the network. He calls helping members bring real-world solutions to Hedera one of his key priorities as chair for the next two years. For background on how the network and its governance fit together, see our explainer on what Hedera is and who runs it.
What do the London minutes say about adoption?
The London minutes say the council’s ultimate vision is for every member to deploy business solutions on Hedera’s mainnet. They also show that members are still working toward it. The meeting took place on November 13 and 14, 2025. One session was led by Rob Allen, director of HEAT, the Hedera Enterprise Adoption Team, whose job is to get council members into production.
Allen asked members how confident they were about piloting something on Hedera in the next 12 months. The minutes record that members cited “competing priorities” as a challenge, while expressing strong confidence in developing and deploying solutions.
The video reads this as a “not yet,” not a “no.” Inside a large company, Hedera is one project in a queue. Allen has raised the same question publicly. On Hedera’s own channel, he asked why more council members aren’t in production, paying for their transactions or adding transactions per second (TPS, a measure of network activity).
A council member from a Korean financial institution, on the council since 2021, made a similar point on stage in Miami, in a clip shown in the video. Members come from different jurisdictions, with different priorities and limited resources. In Korea, the member said, there has been plenty of talk about digital assets and stablecoins, but activity is still limited. Once the rules are clearer, they could make more use of those scenarios.
Is Hedera changing its council term limits?
According to the video, the Hedera Council is discussing changes to its term limits. In a town hall clip shown in the video, Hedera explained the original rules:
- a three-year term;
- a possible second term if two-thirds of existing members vote for it;
- roughly a third of the council coming up for renewal each year.
The idea was that no group of large companies could simply sit tight.
The video describes two proposals since then.
- The London rotation proposal. The video says the London minutes show council officers putting forward a different arrangement. Members could stay on until all 39 seats are filled, after which they would be replaced one for one. The reasons given were enterprise build cycles, current momentum and work still in progress.
- The term-limit proposal. Separately, the video says that by a council meeting in Miami in May, one of the council’s committees had proposed scrapping the two-term limit altogether. It says this is still under discussion.
The video calls this reasonable on its own, since big companies move slowly. It also sees a signal in it: if members need more time on the council to build, that says something about where the building currently stands.
Why the logo list can mislead
Logo lists get copied from site to site without anyone checking the paperwork. The video points to MEXC’s HBAR page, which it says lists the council as Google, IBM, Boeing and Deutsche Telekom. According to the video, Boeing appears in neither the London minutes nor the February minutes. It is not on the list of members who attended or the list of those who were absent. That fits the public record: Hedera announced in February 2025 that Boeing had left the council.
The video is careful to say nobody is necessarily trying to trick anyone. The problem is that holders may be sizing positions on a list that was never meant to be a customer roster. The same question applies to other coins with corporate backers. Our piece on whether bank money ever reaches the token looks at it more broadly.
The council keeps growing. FedEx joined in February 2026, and the video says it was the 33rd member. McLaren Racing followed in March, and Accenture around the end of April. Asked what it was most excited to build, FedEx’s representative spoke about helping define shared trust standards across industries and borders. The aim is for supply chains to operate “at the speed of data” while keeping accountability and oversight. The video calls that a serious commitment for a company of that size. It also notes that it follows the 2018 pattern: a seat, a say and a set of rules first, products later.
Does Hedera have no leadership?
The video argues that Hedera has slow leadership, not no leadership. It cites a post on X claiming Hedera had gone “from bad leadership to no leadership.” According to the video, part of that worry comes from Hashgraph, the company that built Hedera, changing its leader in September. The video’s answer is that a table of 30-odd companies, each with a vote, is slow by design, and slow governance writes everything down. Whatever one thinks of the model, the video says, it is not hidden.
The video also points to signs of movement. It says the newest minutes, from the Miami meeting in May, describe HEAT’s work as converting council members’ use cases into production-grade solutions. It also says that in February, Google’s representative walked the council through Google’s experience with stablecoins for payments, and members asked for a follow-up session.
What HBAR’s 2021 drop shows
The video uses HBAR’s price history to argue that a strong logo list did not protect holders. According to the video, HBAR hit its high on September 16, 2021 and had lost nearly 90% by June 2022. The same company logos stayed on the website the whole way down. The video’s point is that most holders had no plan written down. Our look at why most 2021 altcoins haven’t returned to their old highs covers that pattern across the market.
The video also plays a clip of what the host calls the standard advice about social media. It warns about impossible promises, guarantees of getting rich quick, contests and time-limited offers. It also suggests cross-referencing what you hear and checking the credentials of whoever is saying it.
Three questions the video puts to HBAR holders
The video closes with three questions it suggests holders think through for themselves. They are presented here as questions, not instructions.
- Where your HBAR sits. Is it held on an exchange, or in a wallet where you control the keys? Our guide to cold wallets versus hot wallets explains the difference.
- Whether it earns anything. The video asks whether holders want their HBAR doing anything while the council works through its queue. Any arrangement that pays a return comes with its own terms and risks, and those are worth reading in full first.
- What would change your view. The video suggests deciding in advance what you would do, and what news would change your mind, including anything in the next set of minutes. Its point is that a plan kept only in your head is easy to abandon.
The broader question the video asks is whether a position rests on a seat at the table or on something you can actually watch happen.
What to watch next
The 12-month piloting window discussed in London runs out around November 2026, so the next set of council minutes after that will be worth reading. Points to look for:
- whether more members have moved from pilots into production;
- what happens to the proposals on rotation and term limits;
- whether the stablecoin payments discussion with Google led anywhere.
All minutes are published free on the Hedera Council website.
Frequently asked questions
Do Hedera Council members like Google and IBM build on Hedera?
Not necessarily. According to the video, the council was first pitched as a source of governance expertise. In a clip shown in the video, chair Mance Harmon says he wants members to act as 'lighthouse customers' that actively use the network, and calls supporting that one of his key priorities as chair.
What does 'competing priorities' mean in the Hedera Council minutes?
At the November 2025 London meeting, members were asked how confident they were about piloting something on Hedera in the next 12 months. The minutes record that they cited competing priorities as a challenge but expressed strong confidence in developing and deploying solutions. The video reads this as 'not yet' rather than 'no'.
Is Hedera scrapping council term limits?
According to the video, it is being discussed but has not been decided. The video says the London minutes show officers proposing that members stay until all 39 seats are filled and then rotate one for one. It also says that by a meeting in Miami in May, a council committee had proposed scrapping the two-term limit.
Where can I read Hedera Council meeting minutes?
The Hedera Council publishes its meeting minutes for free on its website, hederacouncil.org, as a clip shown in the video points out.
How far did HBAR fall after its 2021 high?
According to the video, HBAR hit its high on September 16, 2021 and had lost nearly 90% by June 2022, while the same company logos stayed on the council's website.
Full video transcript
From the video's captions, lightly formatted. Captions can mishear names and numbers, so check figures against the article above.
many of the community, you know, often say and quite rightly, why aren't there more governing council members um in in production? Why aren't they paying for their transactions? Why aren't we seeing more TPS from the the governing council members? And that's not a critic, guys. That's the man Hideera brought in to get its own council building, asking it out loud on Hideera's own channel.
And that to me is mad because every time someone on X says Hideera's got no leadership, the replies come flooding in with the same list. Google, IBM, Dell, Deutsch, Telecom, FedEx, giants round one table, so surely they've already decided to build on it, haven't they? Well, there's one place almost nobody's looked. The council writes down what those companies say to each other in the room and puts it online for free. Meeting minutes.
And in one set from a meeting in London, there's two words that tell you more than any logo ever will. Before we're done, you'll have them open on your own phone. And you'll see a promise from 2021. The council's now talking about scrapping. If you've been holding H bar for years, waiting for those big names to finally show up on the network, I get it.
And there's a link in the description. The first one, it's changed how a lot of people handle the big calls on coins like this. I'll tell you why before we're 5 minutes in. So, if you're holding a proper bag of HAR, this isn't just a fun bit of digging. It comes down to one question.
The kind I'd ask a mate over a pint. Is your bag riding on what these companies have actually built or on their logos being on a website that lands on your coins and mind? By the end of this, I'll show you the exact line in those minutes, what the newest one say, and the three decisions it puts in front of anyone holding a proper bag. So stay with me. It's the 13th of November, 2025 in London.
Two days in one room. Council members flown in from all over the world. The chair, Mans Harmon, opens it up and he'd already told us what he wanted these companies for. So, let's hear it together. 31 council members and many more in the pipeline.
So, for all intents and purposes, we've successfully established this trusted institutional-grade governing body that we had had envisioned from the very beginning. But there was another reason that we set up the network governance model. We wanted council members to serve as lighthouse customers, each actively adopting and using the network. Strengthening engagement and supporting council members in bringing their realworld solutions to the network is one of my key priorities as chair of the council for the next two years because driving adoption is essential to ensuring Hideera's long-term sustainability.
Lighthouse customers. So, it was never meant to be a list of names for a website, was it? These companies were meant to actually use the network and light the way for everyone else. And for me, that's an honest plan because he's saying out loud, the job's still in progress. Finding this stuff is a laugh.
But what I'd actually check is what we do with our own coins if those lighouses take years longer to switch on than we hoped. And I've got that wrong myself. And I'll tell you how. And what happened in that London room is in black and white. Welcome back to Bull Runners, guys.
I've spent the morning reading council minutes over a coffee, which is a sentence I never thought I'd say. So, this is my take and I want yours in the comments. I'll give you the good and the bad on this because you can't make a proper call with your own money on half a story. [music] [music] Now, picture this. You open X and one post says Hideera is run by Google and IBM. So, how can it lose?
We'll scroll down and the next one says it's gone from bad leadership to no leadership. Then a thumbnail with a big red arrow all in 10 minutes. And you're sat there with real money in it trying to work out who to believe. That's what's hard about doing this on your own. There's no shortage of options, just nobody handing you a plan.
And the big players aren't waiting for us. And I know that one, too. When I started out, everyone around me told me I was an idiot. and a family member told me to go and get a real job. I know a lot of us have heard that at family dinners. And that's exactly why that first link's there.
Instead of guessing on your own, you've got a team reading this stuff every week. And it starts with a short free video and a free chat about your own coins. Stick with me though, and I'll show you properly at the end. So, let's pull this thread from the start. Back in 2018, before the network had even properly opened up, Hideera put out a short video introducing the council.
Listen to what the members were actually there to do.
We have a split governance model. Open consensus with permission governance. Anybody that wants to run a node in our network will be able to do so. There are 39 industry leading organizations that provide the governing council. These members will provide expertise [music] in business, technical aspects, legal, regulatory.
At scale, we anticipate there will be millions of nodes in the network.
Expertise, business, technical, legal, regulatory. That was the first pitch. And you'll notice building products isn't on that list. Think of it like the big firms on the board of a football club. They pick the manager and sign off the rules.
But nobody says they have to pull a shirt on and play. And that's a gap most of us missed because the logo list got passed round as if every name on it were a customer. Coin pages on big exchanges still do it. MEEXC's page for HAR lists the council as Google, IBM, Boeing, and Deutsch Telecom. Now, in the London Minutes and the February ones, Boeing isn't in the list of members who turned up or on the list of members who didn't.
That's the noise machine, guys. Nobody's out to trick you. It's just the same list getting copied round and round by people who never opened the paperwork, and we're the ones sizing our bags on it. That's the sort of the thing the research team digs out for members, by the way. The gap between what gets repeated and what's actually written down.
Then there's a promise that made the whole council feel safe. Members don't sit there forever. Here's Hideera's own town hall explaining how the terms work. The the process is that there is a membership committee that will be very active at that stage. And for those council members that want to have a second term, presumably maybe all of them would would want to have a second term.
What's required is that the membership committee propose that those members have a second term and twothirds of the existing council members need to vote in favor of that. So as long as twothirds of the council votes in favor of extending a term, then then that term would get extended. Um the idea is that we will have, you know, a third of the council coming up for renewal every year or approximately. And so so a three-year term, a second one if 2/3 vote for it, and then you cycle off a third of the table up for renewal roughly every year. So no club of giants could just sit tight.
Now look at what turns up in the London minutes. The council officers put up a different set of rules where members can stay on until 39 seats are full, then get swapped out one for one. And the reason they gave us was an enterprise build cycles, current momentum, and the work still in progress. And by the meeting in Miami this May, one of the council's committees had proposed scrapping the two-term limit altogether. Still up for discussion, which is fair enough on its own.
Big companies are slow. Everyone knows that. But hang on. If the people at the table need longer to build, that tells you something about where the building's at, doesn't it? Keep hold of that because it leads straight back into the London room.
The table keeps growing, too. McLaren came in over Christmas. FedEx's February as the 33rd member, then Accenture in the spring. So, what's FedEx most excited to do there? Well, let's hear him
to to sort of finish this up as we look ahead. What are you most excited to build or enable on Hideera with the council in the ecosystem?
We're excited to help define shared trust standards that work across industries and borders. Um over time, trusted product identity and movement facts can enable supply chains to operate as I said before at the speed of data while importantly maintaining accountability and also oversight. shared trust standards, rules for how trust works across borders. And I rate that it's a serious thing for a company that size to put its name to. But it's the same shape as 2018, isn't it? A seat, a say, a set of rules, and the product comes later.
Now, the bit that stinks. The post that kicked all this off on X said Hideera had gone from bad leadership to no leadership. And and you can see why someone feels that. Hashgraphth, the company that built Hedera, changed its boss back in September. And when that happens, people get nervous.
But here's what the council says it's actually for.
Made up of leading global organizations across industries and geographies. The Hideera Council steers the network's [music] growth, development, and governance
steers. And that's my answer to the leaderless point. A table of 30 odd companies with a vote each isn't no leadership. It's slow leadership and slow leadership writes everything down which is why we can read it. Whatever you think of the model, you can't call it hidden.
So, let's read the page where they ask the members straight out how confident they were. Right. Page two of the London Minutes. The man from the start, Rob Allen, runs a team called HEAT, the Hideera Enterprise Adoption Team, and his whole job is getting the council members into production. The minutes say the ultimate vision is that every council member will deploy business solutions on the Hideera mainet.
Every single one. Then he asked them in the room how confident they are about piloting something on Hideera in the next 12 months. And here's what got written down. Council members cited completing priorities as a challenge, but expressed strong confidence in developing and deploying solutions. Competing priorities.
If you've ever worked in a big company, you know what that means. That's a cue and Hideera is somewhere in it. And it's not a no because the very same sentence says they're confident. It's a not yet. And a council member said almost the same thing on stage in Miami.
Let's hear it.
Uh the easy ones that we get just operational validation which is very unhass but it's very easy. So, [laughter] but I think uh one of the uh one of the tougher ones that we should consider is as Hideera is progressing into phases of the next phase and mass adaptions going on. Um we have various companies joining from various jurisdictions. So they have their different priorities and we have limited resources. So we're going to find out which would be the best fit for at certain time.
So allocating resources at a certain time might be difficult uh difficult to prioritize. That's that's the difficult part I I believe. So as an FI in in residing in Korea, there has been a lot of talks about digital assets and stable coins going in, but we're still limited. So I we're kind of aware the limited resources is fine, but once that's being opened and widely regulated, we could be more more leveraged those kind of scenarios and put into values of it. Now, were you listening?
Did you catch that? Different priorities, limited resources, and the door opens wider once the rules are clear. That's a bank that's sat on the council since 2021 telling you how it really works inside a big company. So, what about the newest minutes from Miami this May? Well, heat's still there and the line now is about converting council members users cases into production grade solutions.
And back in February, Google's own representative on the council walked the room through Google's experience with stable coins for payments, and the members asked for another session on it. So things are moving. They're moving at big company speed, and the minutes are where you get to watch it. You don't have to take my word for any of it either because the chair tells you where to look.
Stay tuned for the next one where we'll dive into new Hideera Council updates and much more. As a reminder, you can always visit hideeracouncsil.org for the latest meeting minutes and we'll see you next time.
That's a receipt, guys, and you can check it on your phone while I'm talking. Go to the hideeracouncil.org/minut. They're all there meeting after meeting for free. And the 12 months they asked about in London run out around November. So, the next set of minutes after that is the one I'm watching.
And while your phone's out, do one more thing for me. Open your exchange and look at your open orders. If it's empty or you can't say out loud the price you take some profit at or on that bag, then the plan's only in your head. And with a coin like this, it matters because HAR has been here before. It hit its high on the 16th of September 2021.
And by June 2022, it had lost nearly 90%. Same logos on the website the whole way down. The companies didn't go anywhere. The price did. And most of us had no exit written down anywhere.
I bet some of you wrote that one. And if you've ever opened the actual document behind a post and found it said something different, stick H bar in the comments. I want to see how many of us do this. Now, some of you are going, "Fine, I'll just read the minutes myself." And you can, but be straight with yourself. There's a new set every few months, plus the town halls, the conference panels, and a thousand posts in between.
And not one line in any of it tells you what your own bag should be doing. In 2021, the logos were all there and the minutes were all there and it still fell nearly 90% with most of us holding no plan. And the standard device you hear on the news sounds simple enough. So, let's hear it.
Social media has been um an important um democratizing u source of information, but it it also comes with misleading information. Influencer red flags include impossible promises, guarantees that you'll get rich quick, contests, and timelmited actions that require you to part with money or personal information right away. Before you put your money into anything, cross reference what you've just heard or read? Do other credible sources back things up? Do your research and check the credentials of the person giving you information?
Cross reference it. Check who's saying it. Sounds easy, doesn't it? But that's a part-time job on its own. And reading was never the hard part.
Knowing what to do with your own coins afterwards is. So my honest take, the council's real, the ambition's real, and the minutes are the most honest thing in this whole argument because they show the work, slow bits included. The question I'd ask is whether you're holding on a seat at the table or on something you can actually watch. And that's the kind of thing the team work through with members every week, how you track a coin like this, and what you do either way. So quick recap.
The council was sold in 2018 as expertise. Its chair wants every member to be a lighthouse customer. The rotation rule is up for scrapping because builds take longer and the members wrote down competing priorities while saying they're confident. So for us, it comes down to three things. Where our H bar actually sits and who holds the keys to it.
Whether it's earning anything while the council works through its queue and when we'd move, the price we'd take some off at written down. And what in the next few minutes would change our mind? For me, the time to get that plan sorted is before those November minutes land, not after. And this is the part I want you to hear. Most of us hold a coin like this on the strength of a story, a list of big names.
Not because we're Darth. Nobody ever showed us any different. And I'm not just saying that. That was me. I normally risk 3% on a trade.
And I went big on a story that the Ukraine conflict was about to be resolved. I went long on the Euro dollar about 25 grand, 15% of an old account. I sat there thinking about moving my stop and you know, we've all wanted to move that stop, but I decided against it. It hit the stop. I ate that loss hard and I'm glad I left it because the story was never the plan.
And I bet some of you have been there. Thing is, it's not hard to sort. That's what our private intelligence network is for, guys. Most of what I bring you on this channel comes from inside it. And in there, it goes a lot deeper than I can in one video.
Basically, the research team digs into where's heading and members hear it first. And every week, there's a call where the team walks you through how they're reading it and when they're buying and take a profit themselves, so you're not guessing off a list of logos. They'll help you get it on your own key so no banker exchange can freeze it. They'll show you how to get what you're already holding earning instead of just sat there. And everyone in there is holding a decent bag and in it for the long haul.
Same as you and me. Honestly, I'd be a lot further along myself if we started Altcoin Pro sooner. And if you opened your open orders earlier and they were empty, that's exactly what the 15 minutes is for. And if you've been burned before and you don't know who to believe anymore, Rezowl knows that one. Okay, there's a real review he left.
He joined projects that promised a lot and it always went badly. The project failed and the platform had issues. The owner ran off with the funds. So, for a while, he didn't want to know anything about crypto. Then, he kept seeing the bull runners videos here and there, got open-minded again, and jumped on an orientation call.
A strategy, a plan, security, a step-by-step approach. That's what he went looking for. Results like results are exceptional, and they didn't happen by sitting still. So, be exceptional. Look, you could leave it and hope the timing works out, or try and piece it together yourself at midnight, scrolling through council minutes and the X threads like we all have.
I'd rather you just spent 15 minutes with the team and came away with a plan for your back. It's free and worst case is you come away clearer. So, here's what I'd do. Tap more under this video and hit the very first link. Watch the short free briefing, then book your free 15-minute call with someone on the team right underneath it.
They'll go through where you're at with your crypto and tell you straight whether it's a fit for you. That's the first link. So, pause this, do it now, and come straight back. I'll be right here. It's built for people holding $50,000 or more in crypto.
And if that's not you yet, that's absolutely fine. Keep watching these videos with me. They're up every day. They're free and we'll keep learning this together. And look, none of this is financial advice, guys.
It's my take after a lot of reading. Crypto carries risk, and what's happened before is no guarantee of what comes next. And a member's story isn't a promise of yours. Your keys stay with you the whole way. The team never needs them.
So stick with me, subscribe, and there's a new one every day. And keep an eye out for that next set of council minutes after November. That's the one I'm watching. Thanks for watching, guys. Keep your head stacked with purpose and I'll keep you posted.
Education and commentary only, not financial advice. Crypto is volatile and you can lose money. Do your own research and speak to a qualified advisor before making investment decisions. Figures and quotes are as reported in the video on October 31, 2026 and may have changed since.


