Polygon Labs, the company responsible for the Polygon blockchain, has announced the appointment of Marc Boiron as its new CEO. Boiron, previously the chief legal officer of the company, will be taking over from Ryan Wyatt, who has decided to step down and explore other opportunities.
Polygon Labs stated that Boiron’s appointment demonstrates their dedication to fostering and expanding the global Polygon community, comprising developers, builders, and users.
This decision comes at a time when the Securities and Exchange Commission (SEC) is expanding its regulatory oversight of the cryptocurrency industry. In June, the SEC classified Polygon’s MATIC token as a security, subjecting it to the same regulations as traditional securities.
Expressing his enthusiasm, Boiron mentioned being excited about leading Polygon into a new era of growth and innovation. He emphasized the company’s commitment to collaborating with regulators worldwide to ensure compliance with all applicable laws and regulations.
Apart from the CEO appointment, Polygon Labs has also named Rebecca Rettig as its new chief legal officer. Rettig, formerly serving as Polygon’s chief policy officer, will be assuming Boiron’s previous role.
These leadership changes coincide with Polygon Labs’ preparations to launch Polygon 2.0, a more scalable and secure version of the Polygon blockchain.
Polygon has gained popularity as an Ethereum scaling solution, enabling developers to create decentralized applications (dApps) on Ethereum while avoiding the high gas fees associated with the Ethereum mainnet. The company has raised substantial funding, exceeding $450 million from investors such as Sequoia Capital and SoftBank Vision Fund.
Boiron’s appointment as CEO and the impending launch of Polygon 2.0 reflect Polygon Labs’ readiness for the upcoming phase of growth within the cryptocurrency industry
