{"id":19811,"date":"2023-07-07T19:03:19","date_gmt":"2023-07-07T19:03:19","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/shakeup-at-polygon-labs-president-will-step-down-and-chief-legal-officer-will-become-ceo\/"},"modified":"2023-07-07T19:03:22","modified_gmt":"2023-07-07T19:03:22","slug":"shakeup-at-polygon-labs-president-will-step-down-and-chief-legal-officer-will-become-ceo","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/shakeup-at-polygon-labs-president-will-step-down-and-chief-legal-officer-will-become-ceo\/","title":{"rendered":"Shakeup at Polygon Labs: President will step down and chief legal officer will become CEO"},"content":{"rendered":"

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Ryan Wyatt will be stepping down as president of Polygon Labs and moving into an advisory role after more than a year at the firm.<\/p>\n

In a July 7 announcement, Wyatt said<\/a> he planned to leave Polygon at the end of July but would be staying in the crypto space by continuing to advise the firm. Polygon chief legal officer Marc Boiron \u2014 also the former chief legal officer of dYdX \u2014 will be stepping up as the company\u2019s new CEO.<\/p>\n

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Proud to start as CEO role at @0xPolygonLabs<\/a>, reporting to the founders & leaning into our stellar eng roots.
It’s a privilege to serve the community & company as the Polygon 2.0 era begins!
Thx to the founders for their trust. Excited to work w @Fwiz<\/a> in his advisory role. pic.twitter.com\/ArZrtKZPQT<\/a><\/p>\n

\u2014 Marc Boiron (@0xMarcB) July 7, 2023<\/a><\/p><\/blockquote>\n

Rebecca Rettig, Polygon\u2019s chief policy officer, will take over as the firm\u2019s chief legal officer upon Boiron\u2019s departure. Caroline Pham of the United States Commodity Futures Trading Commission (CFTC) recently appointed Rettig to serve on the CFTC\u2019s Global Markets Advisory Committee\u2019s Subcommittee on\u00a0 Global Market Structure, Technical Issues, and Digital Asset Markets. <\/p>\n

Related: <\/em><\/strong>Polygon Labs president testifies on democratizing the internet with Web3, blockchains<\/em><\/strong><\/p>\n

The change in leadership comes as Polygon has been preparing a set of upgrades aimed at establishing the \u201cValue Layer\u201d of the internet \u2014 a move branded as \u201cPolygon 2.0.\u201d The platform said it will move forward on plans to establish \u201cdecentralized governance\u201d by July 17. <\/p>\n

In March, the platform became the second-largest blockchain gaming network in the number of unique active wallets, overtaking Hive. At the time of publication, the price of Polygon (MATIC) was roughly $0.67, having fallen by 1% in the last 24 hours.<\/p>\n

Magazine: <\/em><\/strong>ZK-rollups are \u2018the endgame\u2019 for scaling blockchains: Polygon Miden founder<\/em><\/strong><\/p>\n<\/div>\n