May 27, 2024

Polygon Recruits Top Aave Lawyer Rettig for Crypto Policy Role

Polygon Recruits Top Aave Lawyer Rettig for Crypto Policy Role

Polygon Labs, a blockchain corporation that has been incorporating executives irrespective of a difficult cryptocurrency sector, has named digital finance lawyer Rebecca Rettig as its first chief policy officer.

Rettig joins Polygon soon after spending virtually the previous two years as main authorized and coverage officer for Aave Ltd., a decentralized monetary lending project. Her new posture will call for Rettig to satisfy with policymakers and regulators about the planet to advocate for Polygon’s interests.

“Ensuring mass adoption of any new and paradigm-shifting technology usually takes time, and so does policy adoption,” Rettig said. “I inform skeptics that there is terrific assure in a blockchain-based mostly web and that having plan appropriate means the choices are limitless.”

Polygon’s operations consist of decentralized finance, non-fungible tokens, stablecoins, and gaming for Web3—the name for the digital infrastructure driving the subsequent Globe Wide Web. Polygon, which performs with financial products and services companies like accounting and consulting organization EY, is guiding a scaling platform for the Ethereum blockchain.

Her transfer to Polygon reunites Rettig with Marc Boiron, a personal observe colleague who joined the business previous 12 months as main authorized officer.

Rettig, a litigator by schooling, and Boiron, a corporate lawyer, previously worked collectively at Manatt, Phelps & Phillips and FisherBroyles, in which they centered on representing crypto and blockchain clientele.

“He’s one particular of the sharpest authorized minds in the Internet3 room, and we have been talking about policy thoughts for lots of several years,” Rettig explained of Boiron. “We’re both equally definitely excited to leap into the do the job.”

Rettig will report to Ryan Wyatt, president of Polygon Labs, which is the development and expansion group for the decentralized Polygon protocol. Wyatt stated in a statement that Rettig will assistance Polygon “drive mass adoption of blockchain-centered frameworks.”

Polygon restructured its a variety of operations before this year below the Polygon Labs umbrella, in accordance to the enterprise. Polygon by itself, as a protocol, has no staff, all of whom now do the job for Polygon Labs, which will work with several legislation firms but whose primary exterior counsel is Latham & Watkins, the organization mentioned.

In the latest months, Polygon has embarked on a using the services of spree, together with introducing Nicholas Snow from Amazon.com Inc. to be its typical counsel. Polygon also picked up Alexander Rozman, a former head of economic crime compliance at CLS Bank Worldwide, to be its international head of compliance.

Last year Rettig joined the board of Silvergate Cash Corp., a lender that has been caught up in the fallout from the collapse of crypto trade FTX.