Polygon

Rebecca from Jito Labs joins Haseeb, Tom, and Tarun for a regulation deep-dive covering the CLARITY Act's stablecoin yield compromise and presidential ethics sticking points, CME and ICE's lobbying war against Hyperliquid's RWA perps, the prediction market legal battle heading to the Supreme Court, and whether the SEC's tokenized securities innovation exemption will actually matter. Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week, joining us is Rebecca Rettig, Chief Legal Officer at Jito Labs, who's here to help the crew make sense of the absolute regulatory tornado tearing through the industry. First up: the CLARITY Act. It just got out of Senate Banking Committee, but the road to passage is anything but smooth. The stablecoin yield fight with banks ended in a "do stuff yield" compromise, but presidential ethics provisions remain the last polarizing hurdle. Rebecca breaks down what actually changes for token founders if it passes — spoiler: not much immediately, since rulemaking alone could take years. Then: CME and ICE have declared war on Hyperliquid, lobbying the Hill to force CFTC registration on the decentralized perps giant. The crew debates who actually wins US regulated perps, whether Hyperliquid's pre-IPO markets represent a genuine threat to investment banking, and Rebecca introduces "on-chain finance" — a distinction the panel immediately roasts her for. Finally: prediction markets are in a legal bloodbath across state courts with a Supreme Court showdown likely by 2027, and the SEC's tokenized securities innovation exemption has Twitter buzzing but Rebecca skeptical. Let's get into it. Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Show highlights 🔹 CLARITY Act Passes Senate Banking – Landmark crypto bill advances with bipartisan support, but presidential ethics provisions remain the final sticking point before a full Senate floor vote. 🔹 Stablecoin Yield Compromise – Banks screamed bloody murder, but the "do stuff yield" deal means transaction-based rewards are in and bank deposit lookalikes are out. 🔹 CME & ICE vs Hyperliquid – Traditional exchanges lobby Congress to force CFTC registration, KYC/AML, and trade surveillance on the decentralized perps giant. 🔹 Hyperliquid Prices Cerebras Better Than Bankers – Pre-IPO market nails the opening price while investment banks undershoot by over 100%, raising questions about the future of book building. 🔹 Rebecca Rettig Returns – Jito Labs CLO breaks down what CLARITY actually means for token founders (spoiler: not much changes immediately — rulemaking takes years). 🔹 Prediction Markets Head to SCOTUS – Legal bloodbath across state courts likely culminates in a Supreme Court showdown by 2027 over CFTC vs state gaming jurisdiction. 🔹 The Super Bowl Coin Toss Traded at 58/42 – Tarun surfaces the most absurd prediction market of the year, and the CFTC chair basically says it shouldn't exist. 🔹 Who Wins US Regulated Perps? – Haseeb bets on Coinbase and Robinhood, Tarun argues there's an opening for a dark horse, and Rebecca flags HIP 4's unified margin as a game-changer. 🔹 SEC Innovation Exemption Buzz – Twitter is hyped about tokenized securities guidance, but Rebecca is skeptical it drops before CLARITY is resolved. 🔹 OnFi Is Not Going to Happen – Rebecca tries to coin "on-chain finance" as distinct from DeFi. The panel roasts her. Mean Girls memes are inevitable. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tarun Chitra, Managing Partner at Robot Ventures ⭐️Tom Schmidt, General Partner at Dragonfly  Guest ⭐️ Rebecca Rettig, Jurisprudential Genius at Jito Labs Timestamps 00:00 Intro 02:10 The CLARITY Act: Banks vs Crypto 05:21 The "Do Stuff Yield" Compromise 07:18 The Compromise: Transaction-Based Rewards 10:22 Presidential Ethics: The Last Sticking Point 12:26 What Actually Changes If CLARITY Passes? 16:01 Token Founders: What Do You Have to Do? 18:41 Developer Protection & DeFi Activity 20:15 CME & ICE Lobbying Against Hyperliquid 26:05 On-Chain Finance vs DeFi 29:57 Who Wins US Regulated Perps? 34:39 ETF Options vs Crypto Perps 40:24 What Hyperliquid Means for Investment Banking 44:50 Retail IPO Participation & Dynamic Share Counts 49:25 Prediction Markets: Kalshi & Polymarket vs the States 51:40 Supreme Court Showdown: CFTC vs State Gaming Laws 58:30 Economic Impact Test  01:01:47 Tokenized Securities & the SEC Innovation Exemption 01:06:41 Do Issuers Actually Care About Tokenization? Disclosures Learn more about your ad choices. Visit megaphone.fm/adchoices

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

This week, Rebecca Rettig joins the show to discuss the latest happening in Washington and what it means for crypto. We deep dive into the Clarity act, how to regulate prediction markets, who's crypto's enemy now, the state of crypto VC, LayerZero's Zero announcement and more. Enjoy! -- Follow Rebecca: https://x.com/RebeccaRettig1 Follow Rob: https://x.com/HadickM Follow Santi: https://x.com/santiagoroel Follow Empire: https://x.com/theempirepod -- Referenced In The Show: https://open.spotify.com/episode/67w8irQ06j6ZH38FsXSShf?si=5633bb7bb6a248b9&nd=1&dlsi=d7d519562e884e70 -- Coinbase crypto-backed loans, powered by Morpho, enable you to take out loans at competitive rates using crypto as collateral. Rates are typically 4% to 8%. Borrow up to $5M using BTC as collateral and up to $1M using ETH as collateral. Manage crypto-backed loans directly in the Coinbase app with ease. Learn more here: https://www.coinbase.com/onchain/borrow/get-started?utm_campaign=0126_defi-borrow_blockworks_empire&marketId=0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836&utm_source=empire -- Timestsamps: (00:00) Introduction (01:57) The State of Crypto Policy In DC (27:24) Coinbase Ad (28:08) Das Plug (28:34) Prediction Markets (36:50) Who’s Crypto’s Enemy Now? (52:35) The State of Crypto VC (01:01:15) LayerZero’s Zero Announcement (01:13:01) Content of The Week -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, Rob and our guests may hold positions in the companies, funds, or projects discussed.

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. In this episode, the crew is joined by special guest Rebecca Rettig, Chief Legal Officer at Jito Labs, to unpack the biggest legislative week in crypto history. The Clarity Act, Genius Act, and Anti-CBDC Act all pass Congress, ushering in what some are calling a regulatory renaissance — or at least, the first real rules of the road. Bitcoin breaks $120K, memecoins rip, and Crypto Week sends shockwaves through Washington. But is the Clarity Act really the win the industry’s been waiting for? Rebecca breaks down the legal nuance, Tarun questions the economic reality, and Haseeb points out Ethereum’s bizarre silence during the biggest policy shift of the decade. Has crypto finally grown up — or just gotten better at playing the game? The gang dissects the laws, the loopholes, and the market’s reaction to it all. Show highlights 🔹 Clarity Act Passes the House – Landmark crypto bill advances with bipartisan support, aiming to limit SEC power and define digital asset classifications. 🔹 Stablecoins Get a Path Forward – The Genius Act passes alongside Clarity, offering long-awaited regulatory rails for U.S. stablecoin issuers. 🔹 Congress Goes Full Crypto – Three major bills pass the House in one week, marking a historic show of political support for the industry. 🔹 Rebecca Rettig Returns – Jito Labs Chief Legal Officer breaks down what the legislation really means — and what still isn’t clear. 🔹 SEC in the Hot Seat – With CFTC gaining ground, the SEC’s regulatory grip is questioned across policy circles and crypto Twitter. 🔹 Bitcoin Breaks $120K – Markets rally on regulatory momentum and renewed optimism, with BTC setting a new local high. 🔹 Altcoins Catch Fire – SOL, PENGU, and meme tokens explode as traders rotate into risk-on narratives post-legislation. 🔹 Ethereum’s Silence Raises Eyebrows – Despite being at the heart of stablecoin infrastructure, Ethereum’s core voices stay unusually quiet. 🔹 DeFi’s Legal Gray Zone Remains – Tarun argues the bills may shift political winds, but don’t resolve the underlying protocol risk or enforcement ambiguity. 🔹 Crypto Week Becomes a Real Thing – What started as a Trump slogan turns into one of the most consequential weeks in U.S. crypto history. ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Tarun Chitra, Managing Partner at Robot Ventures ⭐️Tom Schmidt, General Partner at Dragonfly  Guest ⭐️ Rebecca Rettig, Jurisprudential Genius at Jito Labs Disclosures Timestamps 00:00 Intro 01:06 The Genius Act 04:38 Tech Companies & Stablecoins 08:38 Predictions for the Future of Stablecoins 26:25 The Clarity Act Breakdown 32:27 Important Definitions 34:38 New Exemptions for Token Sales 41:12 Mature Blockchain Certification Process 45:27 Defi Activity Exemptions & Regulations 48:03 New Categories for Spot Crypto Registrants 55:52 Solana's Block Assembly Marketplace (BAM) Learn more about your ad choices. Visit megaphone.fm/adchoices

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Gm! This week, Rebecca Rettig and Alexander Grieve join Jason to unpack the successful crypto week and the 3 pieces of legislation that have passed and will now impact the way stablecoins and crypto move forward in the US landscape.  -- Start your day with crypto news, analysis and data from Katherine Ross. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts -- Follow Alex: https://x.com/AlexanderGrieve Follow Rebecca: https://x.com/RebeccaRettig1 Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh -- SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 50 Million users over $11 Billion in gas fees. SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps. Learn more at https://skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork -- Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users. Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates] -- Mantle is building the financial infrastructure for a tokenised future—bridging traditional finance and on-chain innovation through six integrated product pillars: Mantle Network, mETH Protocol, Function BTC, and the upcoming launches of MantleX, Mantle Banking, and the Mantle Index Four (MI4) Fund. Anchored by one of the largest community-governed treasuries in the industry, valued at over $4 billion, Mantle is delivering institutional-grade products designed for global capital markets.Follow Mantle on X: https://x.com/Mantle_Official -- Zenrock is a permissionless, decentralized custody network backed by 1RoundTable Partners, 10T, Maven11, and Spartan. Live on Jupiter, $ROCK is the native token for transactions within the Zenrock ecosystem and secures Zenrock’s decentralized custody network.The first application launching on Zenrock is zenBTC – yield-bearing Bitcoin on Solana. zenBTC is now live. -- Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space.Visit https://www.ledn.io to learn more. — Chapters: (01:55) Crypto Week Breakdown (06:04) GENIUS Act (26:04) Ads (Skale, Katana) (27:51) CLARITY Act (38:31) CLARITY Act + ICOs (42:42) Ads (Skale, Katana) (44:29) CLARITY Act + DeFi (55:11) Ads (Mantle, Zenrock, ,LEDN) (57:41) ANTI-CBDC Act (01:01:13) Impacts Of These Bills (01:04:21) Biggest Debates On Bills — Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Alexander Grieve

VP of Government Affairs

Paradigm

This week, Marc Boiron (CEO, Polygon Labs) and Sandeep Nailwal (CEO, Polygon Foundation) joined Yano to dive into all the happenings at Polygon, their comeback plan, how the industry has shifted since last cycle, the best business models currently for chains and how Katana and the Agglayer will push not only the project, but crypto forward. -- Start your day with crypto news, analysis and data from Katherine Ross. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts -- Follow Marc - https://x.com/0xMarcB Follow Sandeep - https://x.com/sandeepnailwal Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod -- Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh -- SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 50 Million users over $11 Billion in gas fees. SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps. Learn more at https://skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork -- Crypto never sleeps. So we built an Al analyst that never blinks.Meet Focal by FalconX: a GenAI insights engine built for institutional crypto.Already used by 80+ funds managing $10B+ in AUM.- Screen, chart, and analyze 1300+ tokens- Summarize market-moving news instantly- Integrates data from CoinGecko, Kaito, Token Terminal, Tokenomist, The TieGet started today: https://askfocal.com -- Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space.Visit https://www.ledn.io to learn more. -- Chapters: 00:00 Intro 01:58 The Industry Today, As A Builder 06:45 Easier/More Difficult Than Last Cycle 15:36 Ads (Skale) 16:28 Sandeep + Polygon Foundation 21:52 2 Business Models For Chains 36:54 Ads (Skale) 37:47 Katana Explored 46:03 Why Katana 55:26 Ads (Falcon x,LEDN) 01:09:53 Polygon’s Future Vision — Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Marc Boiron

Chief Executive Officer

Polygon Labs

Sandeep Nailwal

Co-Founder

Polygon

Crypto derivatives exchange Bybit just became the latest victim of North Korea’s elite hacking unit, the Lazarus Group. They didn’t brute-force their way in. They didn’t exploit some obscure vulnerability. Instead, they tricked a trusted developer, slipped in malicious code, and took off with a fortune. How did this happen? Why was $1.5 billion sitting in a single wallet? What mistakes did Bybit and Safe make? And, more importantly, what needs to change to stop this from happening again? This week, Mudit Gupta, chief information security officer at Polygon, joins Unchained to expose the security failures, the sophisticated tactics Lazarus used, and why crypto still hasn’t learned its lesson. Show highlights: 2:11 Mudit’s experience with North Korea’s Lazarus 3:24 How Lazarus perpetrated the $1.5 billion hack 5:55 Why Lazarus relies on social engineering over technical exploits 7:34 Why Bybit was so specifically targeted by the hackers 10:02 What Bybit should have done to prevent the exploit 13:12 Why Mudit believes there was “no reason” to hold so much ETH in one single wallet 15:57 Who should be a signer in multisigs 17:46 How to prevent using a malicious website 19:13 Why Safe should have done things differently, according to Mudit 19:55 How Bybit and Safe handled crisis communication 24:20 Mudit’s must-know security tips for protecting your crypto Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Mantle Guest Mudit Gupta, Chief Information Security Officer at Polygon Links Recent coverage of Unchained on the Bybit hack: North Korean Hackers Are Winning. Is the Crypto Industry Ready to Stop Them? The Chopping Block: Crypto’s Worst Week? Bybit Hack, Libra Scandal, & The Memecoin Reckoning Bits + Bips: Markets Are Down Bad. When Will Crypto Recover? Unchained: Bybit Flows Return to ‘Normal’ After Biggest-Ever Crypto Hack Bybit Hack Forensics Report  "Safe{Wallet} Statement on Targeted Attack on Bybit " Learn more about your ad choices. Visit megaphone.fm/adchoices

Mudit Gupta

Chief Information Security Officer

PolygonSushiSwap

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. In this episode, the squad is joined by Rebecca Rettig, Polygon’s Chief Legal & Policy Officer, to dissect the SEC's impact on the crypto landscape, particularly focusing on OpenSea's Wells notice and impending legal challenges.  They discuss the arrest of Pavel Durov, Telegram's founder, analyzing the political and cybersecurity ramifications. The conversation shifts to the internal frictions within the Ethereum Foundation and Vitalik Buterin's criticism of DeFi, reflecting the community's mixed reactions. The broader implications for the crypto industry, privacy, and regulatory clarity are highlighted with special insights from guest Rebecca Rettig, who adds depth on the legal and historical context. Wrapping up, they anticipate future challenges and emphasize staying informed. Show highlights 🔹 Arrest of Telegram founder Pavel Durov in France sparks global free speech and encryption debates. 🔹 Impact of Pavel Durov's charges on Telegram's role in global communication and crypto communities. 🔹 DeFi protocols face challenges with decentralization, privacy, and regulatory pressures. 🔹 OpenSea receives a Wells notice from the SEC, raising concerns about NFT marketplaces and royalty enforcement. 🔹 Ethereum Foundation's spending and Vitalik Buterin's critical comments on DeFi stir community debate. 🔹 Tension between public goods and financial services in Ethereum's future development. 🔹 Real-World Assets (RWAs) and their controversial role in Ethereum's ecosystem. 🔹 Speculation on future Ethereum protocol changes and their impact on network efficiency and user experience. 🔹 Broader implications of the SEC's aggressive stance towards crypto exchanges and NFT platforms. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly  ⭐️Tom Schmidt, General Partner at Dragonfly  ⭐️Tarun Chitra, Managing Partner at Robot Ventures Special Guest  ⭐️Rebecca Rettig, Chief Legal & Policy Officer at Polygon Labs Disclosures Links Plurality philosophy in an incredibly oversized nutshell by Vitalik: https://vitalik.eth.limo/general/2024/08/21/plurality.html  OpenSea’s response to SEC Wells notice “Taking a stand for a better internet” by Devin Finzer https://opensea.io/blog/articles/taking-a-stand-for-a-better-internet Timestamps 00:00 Intro  01:24 Telegram’s Pavel Durov’s Arrest 05:12 Free Speech/Encryption in the Crypto World 09:26 Policy Implications for Tech Platforms 13:57 France's Role and International Reactions 27:49 SEC Targets OpenSea 36:35 SEC’s Jurisdictional Strategies 40:29 Good vs. Bad Actors 45:16 Ethereum Foundation: Public Good or DeFi? 56:43 Vitalik vs. Crypto Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Polygon Labs CEO Marc Boiron and co-founder Brendan Farmer discussed everything about the AggLayer, a decentralized protocol built by Polygon that enables fast, secure cross-chain interactions and allows different chains to use the same native bridge. This allows users to seamlessly move assets across chains in the AggLayer ecosystem.  The AggLayer aims to unify blockspace so that it feels like a single chain, improving user experience. Boiron and Farmer also discussed the potential for Layer 2 solutions to scale Ethereum, the benefits of zero-knowledge technology, and the future of Polygon's proof-of-stake chain. Learn more: What Are Zero-Knowledge Proofs? Show highlights: Background of Brendan and Marc and how they joined Polygon A brief description of what Polygon is overall What the AggLayer is and how it aims to enable the best of monolithic and modular blockchains How Brendan differentiates the AggLayer from its competitors, such as Optimism's Superchain or Cosmos and why he believes that zk-technology is such a game changer How the interoperability experience gets better in such a system, according to Marc and Brendan, and what will become possible that's not now Which chains can use the AggLayer and how it works to improve security across chains The tradeoffs between the various types of zkEVM provers  How projects should decide their architecture and when it would make sense to tap the AggLayer Why projects should build on the AggLayer, including layer 1s, according to Marc How Layer 1s can still join the AggLayer and retain their own consensus and sovereignty  Why Polygon believes that zk-technology is the future of blockchain architecture Why the Polgyon zkEVM suffered an outage on March 30 Whether Layer 3s are needed to scale the Ethereum ecosystem Why Brendan believes that EigenLayer is not a good fit for rollups to use The transition of the Polygon PoS chain to become an Ethereum L2 using the AggLayer When EIP-4844/Dencun will go live on Polygon Thank you to our sponsors! Polkadot Guests: Marc Boiron, CEO of Polygon Labs Previous appearances on Unchained: Gary Gensler vs. Crypto: What Will the SEC Attack Next? The Chopping Block: The SEC Is Attacking Crypto – Will Gary Gensler Succeed? Brendan Farmer, co-founder of Polygon and co-lead of Polygon Zero Links AggLayer Polygon: Aggregated Blockchains: A New Thesis More technical Agglayer explainer CoinDesk:  Polygon Lands Astar Network as First User of New 'AggLayer’ Cosmos-Based Canto Blockchain Reverses Course on Polygon Layer-2 Plans, Unveils New Roadmap  Zaki on the comparisons with Cosmos zk-Technology Polygon: Upgrading Every EVM Chain to ZK: Introducing the Type 1 Prover The different types of ZK-EVMs by Vitalik Unchained: Why Zero-Knowledge Proofs Are Critical to Ethereum’s Future Polygon zkEVM Unchained: Polygon zkEVM Chain Goes Down for 10 Hours Blockworks: Polygon unpacks zkEVM outage and ‘emergency’ upgrade Layer 3s Unchained: Layer 3s Only Exist to Take Value Away From Ethereum: Polygon Labs CEO 0xCygaar on L3s and L2s Potuz on the benefit of L3s Learn more about your ad choices. Visit megaphone.fm/adchoices

Marc Boiron

Chief Executive Officer

Polygon Labs

Brendan Farmer

Co-Founder

Polygon LabsPolygon

Brendan Farmer is the co-founder of Polygon, which is a project that is focused on scaling Ethereum. Brendan's contributions have been instrumental in the research and development of key scaling technologies within Polygon's framework, including Polygon PoS, Polygon zkEVM, and Polygon Miden. Our conversation begins with an exploration of the foundational elements that constitute the Polygon ecosystem. We then delve into the realm of ZK technology, discussing its advantages as a preferred scaling solution, its comparison with optimistic rollups, and the intricacies of Polygon's Aggregation Layer and CDK. We also discuss how the future of blockchain activity can be made more efficient and optimized with Aggregation Layer. Chapters 0:00 Intro 1:13 Polygon's Products 7:55 Zero Knowledge Proofs 11:15 ZKP vs Optimistic Rollup 15:42 Aggregation Layer 38:00 Non-EVM Chains x AggLayer 41:40 Monolithic Chain 47:40 Consumer Apps 50:30 Polygon in 2024 Our sponsors https://stellar.org/soroban?utm_source=defiant&utm_medium=podcast&utm_campaign=defiant_podcast https://matcha.xyz/swap-tokens?utm_source=referral&utm_medium=podcast&utm_campaign=defiant-24Q1 ✨ Check out our new website ✨ https://thedefiant.io/ 🚀 Sign up to our newsletter 🚀 https://thedefiant.io/go-premium#pricing?utm_source=YT&utm_medium=social&utm_campaign=signup 🤑 Find DeFi investment opportunities & educational primers here https://thedefiant.io/promo?utm_source=YT&utm_medium=social&utm_campaign=alpha ✊ Follow The Defiant Twitter: https://twitter.com/defiantnews Discord: https://discord.com/invite/3SdRdEs5ag Instagram: https://www.instagram.com/thedefiant.io/ Telegram: https://t.me/DefiantNews 📬 Contact our Newsroom editorial@thedefiant.io 🤝 Sponsorships & Partnerships sponsors@thedefiant.io #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain #Web3

Brendan Farmer

Co-Founder

Polygon LabsPolygon

In today's episode, Santi is joined by Rebecca Rettig and Miller Whitehouse to update us on the latest policy concerns impacting crypto. They cover the origins of the DeFi Education Fund and the realities of educating regulators on the novelty of DeFi. They then shift gears and discuss onchain illicit activity that exists, how to find a compromise between permissionless systems and state control, the role stablecoins like USDC play, and reactions to the SEC’s proposed dealer rule that threatens DeFi participation. Rebecca breaks down her recently published paper “Genuine DeFi as Critical Infrastructure” offering a conceptual framework for regulation that leverages DeFi’s transparency while allowing permissionless systems to thrive. Stay tuned for all of this and much more! - - Follow Rebecca: https://twitter.com/RebeccaRettig1 Follow Miller: https://twitter.com/millercwl Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - This episode is brought to you by Chainalysis. Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.Chainalysis.com/empire - - Timestamps (0:00) Origin of DeFi Education Fund (6:10) DeFi Regulatory Framework Paper (12:35) Educating Regulators (17:45) Onchain Illicit Activity  (28:59) Chainalysis Ad (30:04) Compromise for States (41:52) How Important is US Policy (51:17) Role of Coinbase & Circle (1:00:42) SEC Proposed Rule - - Resources Paper https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4607332 DeFi Education Fund https://www.defieducationfund.org/ - -  Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Miller Whitehouse-Levine

CEO

DeFi Education Fund

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Google Podcasts, Amazon Music, or on your favorite podcast platform. Trying to regulate DeFi is a huge challenge because in a truly decentralized system, there should be no centralized actors to make and enforce rules for. This could make combating illicit finance challenging since traditionally, regulation has been targeted at centralized intermediaries. Yet Rebecca Rettig, Chief Legal and Policy Officer at Polygon Labs; Michael Mosier, the co-founder of boutique law firm Arktouros; and Katja Gilman, senior lead for public policy at Polygon Labs, published a paper last week that proposes to do just that.  Rebecca and Michael join Unchained to discuss what prompted them to write the paper, what the difference is between "onchain CeFi" and "genuine DeFi," how targeting high-risk wallets can be one part of the solution, how critical communications transmitters (CCTs) are another piece of the puzzle, and what next steps they are pursuing.  Show highlights: The motivations behind their paper and Michael and Rebecca’s legal backgrounds Why Michael views the Bank Secrecy Act as outdated in the context of DeFi How critical KYC and AML compliance is for the integrity of DeFi What Rebecca identifies as the principal risks in the DeFi sector Why their proposal targets the protocol layer for effective DeFi regulation How "onchain CeFi" differs fundamentally from "genuine DeFi" Whether a decentralized protocol can be effectively regulated when controlled by a DAO How if DeFi were to be classified as critical infrastructure by the Cyber and Information Security Agency (CISA), it would impact the sector Whether the critical components of blockchain networks, such as RPCs, can be regulated effectively How categorizing wallets based on risk can be one part of the solution to fighting illicit finance Why Rebecca considers Tornado Cash a prime example of “genuine DeFi” What steps Rebecca and Michael plan to take next following the publication of their paper Thank you to our sponsors! Popcorn Network Polkadot Guest: Rebecca Rettig, Chief Legal and Policy Officer at Polygon Labs Previous appearances on Unchained: Just a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown Kik’s Surprising Move in Its Lawsuit With the SEC Michael Mosier, cofounder of Arktouros PLLC Links Previous coverage of Unchained on the topic: Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So  Full paper: Genuine DeFi as Critical Infrastructure: A Conceptual Framework for Combating Illicit Finance Activity in Decentralized Finance Rebecca’s thread Coin Center: Broad, Ambiguous, or Delegated: Constitutional Infirmities of the Bank Secrecy Act Tornado Cash Unchained: Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? Illicit funds in crypto: Unchained: How Much Money Are Terrorists Actually Raising in Crypto? Learn more about your ad choices. Visit megaphone.fm/adchoices

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Michael Mosier

Co-Founder

ARArktourousArktourosEspresso Systems

Katja Gilman

Senior Lead for Public Policy

Polygon Labs

In the latest episode of the Empire Policy Series, Santi hosts Rebecca Rettig and Jake Chervinsky to delve into recent allegations of Hamas leveraging cryptocurrency for terrorism funding, FinCEN's upcoming rules concerning crypto mixers, and the IRS's evolving crypto tax regulations. The trio also dissect the the forthcoming 3-6 months of crypto regulation and discuss recent bipartisan legislative triumphs in the stablecoin domain. To close out both Rebecca and Jake highlight the need for industry-wide collaboration to ensure regulations both foster innovation and effectively mitigate inherent risks. - - Timestamps: (0:00) Introduction (1:31) Is Crypto Financing Terrorism? (11:37) Policy Maker Responses to Crypto Terrorism (18:34) Chainalysis Ad (19:38) Mixer Rule by Financial Crimes Enforcement Network (31:49) Defining the Mixer Use Case (45:22) Tax Provision for Crypto (51:59) Regulatory Outlook - - Follow Rebecca: https://twitter.com/RebeccaRettig1 Follow Jake: https://twitter.com/jchervinsky Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - This episode is brought to you by Chainalysis. Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.Chainalysis.com/empire. - - Resources Submit a comment on regulation https://www.protectdefi.org/ DeFi Education Fund https://www.defieducationfund.org/ The Blockchain Association https://theblockchainassociation.org/ https://twitter.com/BlockchainAssn - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Jake Chervinsky

Partner

Variant FundBlockchain AssociationCompound FinanceCompoundVariantCompound LabsHCHyperliquid Policy Center

Jason is joined by Rebecca Rettig and Jake Chervinsky in today's special Policy Series episode to tackle the monumental implications of Grayscale ETF decision, Uniswap case dismissal and Tornado Cash indictments. They discuss how these decisions could impact the broader industry and what's coming up next for Bitcoin ETF decisions. - - Timestamps: (00:00) Introduction (01:37)The Importance of Grayscale ETF Victory (11:20) “Chainalysis Ad” (12:24) ETF Consequences & What's Next? (28:48) Uniswap Case Dismissal (36:52) Impacts of Decisions (39:39) Creating a New Asset Class (41:27) Cravath Paper & Tornado Cash Indictment - - Follow Rebecca: https://twitter.com/RebeccaRettig1 Follow Jake: https://twitter.com/jchervinsky Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - This episode is brought to you by Chainalysis. Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.Chainalysis.com/empire. - - Resources: Grayscale ETF https://twitter.com/jchervinsky/status/1696544309699363201 https://blockworks.co/news/judges-grayscale-sec-ruling https://twitter.com/MTCoppel/status/1696856472762683814 Uniswap Case Dismissal https://blockworks.co/news/uniswap-class-action-dismissed https://twitter.com/haydenzadams/status/1696991910370411003 Cravath Paper & Tornado Cash https://twitter.com/Cravath/status/1697693810363351358?s=20 https://twitter.com/RebeccaRettig1/status/1697716451358982364 Crypto Use-cases thevaluedrop.io The Blockchain Association https://theblockchainassociation.org/ https://twitter.com/BlockchainAssn - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Jake Chervinsky

Partner

Variant FundBlockchain AssociationCompound FinanceCompoundVariantCompound LabsHCHyperliquid Policy Center

In this episode of Empire, Sandeep Nailwal, co-founder of Polygon, elaborates on Polygon 2.0's bold approach to achieving infinite scalability in blockchain networks. Sandeep outlines his thesis for Polygon as not just a scalability solution, but as the foundational "Value Layer of the Internet." The conversation explores various components of Polygon 2.0 including it's innovation of zk EVM, POL Tokenomics, and the 3 pillars for governance. Nailwal also touches on Polygon's strategic partnerships with big brands like Reddit, Nike, and Starbucks, emphasizing their role in accelerating the mass adoption of the network. - - Follow Sandeep: https://twitter.com/sandeepnailwal Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/  - - Get 5% off your business insurance today with Vouch, the leading insurer of crypto startups. With over 4000 clients, Vouch offers exclusive coverages with crypto enhancements including Directors & Officers with digital asset regulatory defense and Cyber that includes smart contract vulnerabilities.  Get started today at https://vouch.us/web3/blockworks - - Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 - - Timestamps: (00:00) Why Polygon 2.0? (07:53) Why is ZK the solution? (25:06) Polygon 2.0 Competition (28:49) Vouch Ad (29:58) Permissionless  (31:22) POL Tokenomics  (38:17) 3 Governance Pillars (43:56) The BD Chain Narrative (53:11) The Business Model of Polygon (58:32) Polygon CDK - - Resources Polygon 2.0 https://polygon.technology/blog/introducing-polygon-2-0-the-value-layer-of-the-internet zkEVM https://polygon.technology/blog/whats-happening-on-polygon-zkevm-summer-edition - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Sandeep Nailwal

Co-Founder

Polygon

Rebecca Rettig serves as the Chief Legal and Policy Officer at Polygon Labs. In this episode, Rettig offers a comprehensive analysis of the SEC's ongoing legal proceedings against Coinbase and Ripple, including instances where the Court seems to be challenging the SEC's authority. Rettig explains, "I think what both the Ripple and the Coinbase motion for judgment on the pleadings is really trying to say is, 'We got to bring it back to the law. This may look like something, but it doesn't look like anything you've seen before.' So we can't import these other ideas where an investment contract means there's some implied contract." Additionally, she touches on the Court's perspective regarding the SEC's prior actions towards Coinbase: "The judge that [the Coinbase case] is in front of expressed a lot of skepticism about the case because she said to the SEC, 'Didn't you guys let this one go through and allow them to IPO?'" During this episode Chaparro and Rettig also discuss: Regulatory frameworks for digital assets outside the U.S. The Value Prop and how blockchain is being used for good Why this has been a "bullish" bear market

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Today on the show we welcome back Sandeep and Mihalo, the Co-Founders of Polygon.  Polygon is one of the most used chains in crypto. That in itself is a massive accomplishment. However, there’s been criticism of Polygon in the past, that it’s “just a sidechain.” That it’s not “Ethereum aligned.” The release of Polygon 2.0 will silence these critics. Tune in to understand why.  ------ 🚀Join Ryan & David at Permissionless in September. Bankless Citizens get 30% off https://bankless.cc/GoToPermissionless  ------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2   ⁠ 🦊METAMASK PORTFOLIO | TRACK & MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠ 👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap  🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku    ------ TIMESTAMPS 0:00 Intro 6:35 EthCC  11:35 Polygon 2.0  20:00 PoS to zkEVM  33:50 What Will Users Have To Do?  37:10 Validiums & Wen Upgrade?  43:00 How $MATIC is Evolving?   47:00 The Evolution of Crypto Networks  48:50 $MATIC to $POL 50:27 Work Token 53:14 Why $POL Naming?  54:20 The Governance Framework  59:50 Is This Polygon’s Endgame?  1:08:48 zkSupernets ----- RESOURCES Polygon Roadmap https://polygon.technology/roadmap  Polygon PoS to a zkEVM - https://twitter.com/0xPolygonLabs/status/1671208777784209441  The Stack https://twitter.com/0xPolygonLabs/status/1668312616459030528 The Token https://twitter.com/0xPolygonLabs/status/1679427540790681600 ------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:  https://www.bankless.com/disclosures ⁠

Sandeep Nailwal

Co-Founder

Polygon

Mihailo Bjelic

Co-Founder

Polygon

Join Santi and guests Rebeca Rettig and Jake Chervinsky in today's special Policy Series episode as they discuss the landmark Ripple case and its monumental impact. Explore the implications for future legislation, token sales practices, decentralization & governance, and get updates on MiCA & EU regulations.  - - Timestamps: (00:00) Introduction (01:24) Landmark Ripple Case (14:00) Verdict Impact on Industry Financing (19:08) What's Next for Ripple Case? (24:35) Influence on Future Legislation (28:36) Token Sales in Practice (38:31) Decentralization & Governance (48:57) Digital Asset Market Structure Proposal (56:25) Updates on MiCA & EU (01:01:18) Call Your Representatives (01:09:02) Futures Curve (01:15:07) Recession Risk - - Follow Rebecca: https://twitter.com/RebeccaRettig1 Follow Jake: https://twitter.com/jchervinsky Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/  - - This episode is brought to you by Chainalysis.  Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases.  For more information, visit www.Chainalysis.com/empire. - - Resources   Crypto Usecases thevaluedrop.io  The Blockchain Association https://theblockchainassociation.org/ https://twitter.com/BlockchainAssn - -  Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Jake Chervinsky

Partner

Variant FundBlockchain AssociationCompound FinanceCompoundVariantCompound LabsHCHyperliquid Policy Center

Today we are joined by Rebecca Rettig and Jake Chervinsky to discuss the SEC's attack on crypto and how the industry needs to respond. Rebecca and Jake explore the SEC lawsuits, the McHenry-Thompson Bill, their expected US regulation timeline, DC's sentiment and more! Regulation and policy are becoming must-know topics for crypto participants, and this is your go-to source for everything you need to know. This is the second episode in an ongoing regulatory and policy series with Jake and Rebecca! - - Timestamps: (00:00) Introduction (00:53) The SEC Lawsuits: What’s Next? (10:53) “Chainalysis Ad” (11:57) The SEC Lawsuits: What’s Next? (16:02) We Need a Use Case to Show Regulators (21:06) The McHenry-Thompson Bill (38:23) Unprecedented Action by the SEC (45:47) MiCA, Global Legislation and the US’s Timeline (54:10) Non-Custodial Tax Reporting (56:18) DC's Sentiment: FTX Still Lingers - - Follow Rebecca: https://twitter.com/RebeccaRettig1 Follow Jake: https://twitter.com/jchervinsky Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - This episode is brought to you by Chainalysis. Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.Chainalysis.com/empire. - - Resources: The Blockchain Association https://theblockchainassociation.org/ https://twitter.com/BlockchainAssn Polygon https://polygon.technology/ - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Jake Chervinsky

Partner

Variant FundBlockchain AssociationCompound FinanceCompoundVariantCompound LabsHCHyperliquid Policy Center

This week's episode stars Mihailo Bjelic, co-founder of Polygon. We get into the juicy details behind what went on with the zkEVM launch a few months back, Mihailo’s thesis on Layer 3’s, how Polygon secured brand deals with the NFL, Starbucks and others, and what he's most excited about in 2023. But first, Mihailo shares what he's been focused on at Polygon.

Mihailo Bjelic

Co-Founder

Polygon

Today we are joined by Rebecca Rettig and Jake Chervinsky to discuss the state of crypto regulation. Rebecca and Jake explain how the US is falling behind, the EU's MiCA regulation, the SEC's attack on Coinbase, Gary's false sense of control and the hottest crypto bills in DC. Regulation and policy are becoming must-know topics for crypto participants, and this is your go-to source for everything you need to know. This is the first episode in an ongoing regulatory and policy series with Jake and Rebecca! - - Timestamps: (00:00) Introduction (00:40) The State of Crypto Regulation (02:36) Europe's MiCA Legislation (11:10) “Chainalysis Ad” (12:14) Coinbase’s Offshore Expansion (14:11) The UK’s Approach and What’s Next for the EU (19:07) Gary Gensler’s April Testimony (22:45) Coinbase’s Fight with the SEC (30:08) Warren Marshall Bill (35:21) The US Policy Outlook - - Follow Rebecca: https://twitter.com/RebeccaRettig1 Follow Jake: https://twitter.com/jchervinsky Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - This episode is brought to you by Chainalysis. Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.Chainalysis.com/empire. - - Resources: Coinbase's response to the SEC’s Wells notice https://www.coinbase.com/blog/coinbase-responds-to-the-secs-wells-notice The Blockchain Association https://theblockchainassociation.org/ https://twitter.com/BlockchainAssn Polygon https://polygon.technology/ - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Jake Chervinsky

Partner

Variant FundBlockchain AssociationCompound FinanceCompoundVariantCompound LabsHCHyperliquid Policy Center

Ryan talks to Polygon's Mihailo and Jordi about the launch of their zkEVM!  ------ 📣 Infura | New SDK for NFT APIs For Devs https://bankless.cc/Infura  ------ 🚀 JOIN BANKLESS PREMIUM:  https://www.bankless.com/dashboard  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi   ------ Timestamps: 0:00 Intro 3:58 Polygon zkEVM 10:40 What Polygon zkEVM Unlocks? 16:40 Polygon zkEVM vs. PoS  18:20 Polygon PoS Chain 22:24 Cost Per Transaction 24:30 Optimistic Rollup vs. zkEVM 29:37 Polygon Ecosystem 38:06 Polygon zkEVM Value Proposition  46:00 Risks of New Tech 54:15 $MATIC 56:20 Closing, Resources, & Disclaimers  ------ Resources: Mihailo https://twitter.com/MihailoBjelic  Jordi https://twitter.com/jbaylina   Polygon Labs Launches zkEVM Layer 2 https://www.theblock.co/post/222950/polygon-labs-unveils-zkevm-layer-2-scaling-solution  https://wiki.polygon.technology/docs/zkEVM/develop/  ------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

Mihailo Bjelic

Co-Founder

Polygon

Jordi Baylina

Technical Lead, Polygon Hermez zkEVM

Polygon

David interviews Polygon Co-Founder, Sandeep Nailwal & Immutable Co-Founder Robbie Ferguson on their new zkEVM Partnership.  The three dive into the announcement, what it means for IMX and MATIC, how this partnership impacts the future of web3 gaming, and so much more.  ------ 🚀 JOIN BANKLESS PREMIUM:  https://www.bankless.com/join  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi    ----- Timestamps: 0:00 Intro 5:15 Immutable x Polygon Announcement 10:47 Immutable zkEVM 13:00 Polygon’s Tokenomics  14:32 IMX & MATIC 16:50 Paradigm Shift of Gaming Deals  20:26 Topology of Immutable x Polygon 24:17 Immutable x Polygon Business Development  29:11 Web3 Gaming Competition  31:22 Current State of Web3 Gaming  34:00 What’s Next for Immutable x Polygon?  39:42 Resources to Learn More  40:25 Scaling with Ethereum  42:06 Closing & Disclaimers ----- Resources: Sandeep https://twitter.com/sandeepnailwal  Robbie https://twitter.com/0xferg  Polygon https://twitter.com/0xPolygon   Immutable https://twitter.com/immutable   ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

Sandeep Nailwal

Co-Founder

Polygon

Robbie Ferguson

Co-founder and President

Immutable

Sometimes, the frontier is at a crypto conference. One of the most prestige being, ETHDenver! We’re back with a handful of exclusive interviews with some of the most fascinating minds in crypto.  Wish you could make it to all the crypto conferences, but don't have the time? Don't worry, Bankless brings the frontier to you. In this episode, we’re talking to Jordi Baylina, Technical Lead for Polygon Hermez zkEVM. Polygon’s zkEVM is scheduled to go live on MARCH 27, 2023! So of course, we had to ask Jordi all about it.  ------ 📣 RhinoFi | Makes DeFi Frictionless  https://bankless.cc/rhino   ------ 🚀 JOIN BANKLESS PREMIUM:  https://newsletter.banklesshq.com/subscribe  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  👻 PHANTOM | #1 SOLANA WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi    ------ Timestamps: 0:00 Intro 3:07 Jordi’s ETHDenver Panel 3:58 Was Polygon the 1st zkEVM? 5:54 Frequent Builder Questions 7:23 Polygon zkEVM Timeline 10:35 zkEVM Bugs Explained 16:24 Closing  ----- Resources:  Jordi Baylina https://twitter.com/jbaylina   Polygon ZK https://twitter.com/0xPolygonZK   ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

Jordi Baylina

Technical Lead, Polygon Hermez zkEVM

Polygon

A settlement with Kraken, a proposed custody rule, and lawsuits against Paxos and Terraform Labs. “This week has been a very long year,” said Polygon Labs Chief Policy Officer Rebecca Rettig. She joins Coinbase Chief Legal Officer Paul Grewal to interpret what’s going on with the SEC. Is it just one big push to cripple the crypto industry? “The fact that we’re all … trying to read tea leaves speaks to a failure in the system that relies upon one-off enforcement actions rather than a public rulemaking process,” said Grewal. Show highlights: how the implosion of FTX sped up regulatory actions  whether the SEC will go after other staking services why the statement that crypto firms should just register with the SEC is “disingenuous” what seems to be behind the decision to target the BUSD stablecoin whether SEC enforcement actions will be detrimental to innovation in the U.S. what features would make stablecoins securities why the SEC is alleging that the UST stablecoin is a security why “expansion of jurisdiction” is at the heart of the SEC’s proposed crypto custody rules why Paul thinks that forcing crypto innovation offshore could become a national security issue for the U.S. Thank you to our sponsors! Crypto.com FTSE Halborn NYU Guests: Paul Grewal, Chief Legal Officer at Coinbase: Twitter Rebecca Rettig, Chief Policy Officer at Polygon Labs: Twitter Links WIRED: Confusion Spirals in Crypto as the US Cracks Down Unchained:  Circle Told NYDFS That Paxos-Issued BUSD Wasn’t Fully Backed SEC Wants Tougher Rules for Crypto Custody SEC Sues Do Kwon and Terraform Labs WSJ:  Crypto Firm Paxos Faces SEC Lawsuit Over Binance USD Token Regulator Orders Crypto Firm Paxos to Stop Issuing Binance Stablecoin Bloomberg: US Crackdown Seeks to Push Crypto Back to the Fringes of Finance SEC:  Pocketful of Quarters, Inc. Statement on Safeguarding Advisory Client Assets Proposal CoinDesk: SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms Jesse Powell’s tweet Learn more about your ad choices. Visit megaphone.fm/adchoices

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Paul Grewal

Chief Legal Officer

Coinbase

In today's episode, we're talking about the state of crypto regulation across the pond. Is it as bad over there as it is here in the United States?  There is a landmark crypto bill over in the EU called MiCA (Markets in Crypto-Assets) and its worth paying attention to! We brought on some EU regulation experts, Rebecca Rettig, Chief Policy Officer @ Polygon Labs, Seth Hertlein, VP, Global Head of Policy @ Ledger, and Patrick Hansen Director of EU Strategy and Policy @ Circle. ------  MetaMask Learn  https://bankless.cc/metamaskshow  ------  JOIN BANKLESS PREMIUM:  https://newsletter.banklesshq.com/subscribe  ------ BANKLESS SPONSOR TOOLS:  KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  ️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum   EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi   ------ Timestamps: 0:00 Intro 4:45 Pond Temperature  9:30 U.S. vs. the EU Regulation 13:30 Is MiCA Passed? 15:50 Should the U.S. Be Jealous? 18:30 MiCA Grading  20:55 DCCA Grading 22:22 MiCA Stablecoins  29:35 EU Restrictions  37:36 MiCA Self-Custody 44:22 Fear Ideology  46:40 U.S. vs. EU Regulation & Innovation 51:40 Closing Thoughts  58:50 Disclaimers ------ Resources: Seth Hertlein https://twitter.com/SethHertlein  Patrick Hansen https://twitter.com/paddi_hansen  Rebecca Rettig https://twitter.com/RebeccaRettig1  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Seth Hertlein

VP Global Head of Policy

Ledger

Patrick Hansen

Director of EU Strategy and Policy

Circle

In today’s episode of Empire, we start with a deep regulatory discussion with Kristin Smith and Rebecca Rettig to explore Gary's attack on crypto. We cover the SEC's attack against Kraken and BUSD, tokens as securities, market implications, what to expect next and more! Santi and Jason co-pilot the last 25 minutes to discuss Blur's airdrop, the battle for NFT market share, the L2 wars and Flashbots' new MEV-Share product. This episode covers everything you need to know from this wild week! - - Timestamps: (00:00) Introduction (02:55) An attack on Stablecoins? (06:34) Kraken and staking services (10:22) Why is Gary gunning for crypto? (14:09) The Implications and path forward (27:37) What if tokens were deemed securities? (32:30) Blockworks Research (34:05) How should crypto companies respond? (40:22) Regulation segment recap (51:25) Blur's airdrop, OpenSea losing market share (59:10) L2 Wars, Flashbots MEV-Share, Sushi Studios - - Follow Santi: https://twitter.com/santiagoroel Follow Jason: https://twitter.com/JasonYanowitz Follow Kristin: https://twitter.com/KMSmithDC Follow Rebecca: https://twitter.com/RebeccaRettig1 Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Blockchain Association https://twitter.com/BlockchainAssn Polygon https://twitter.com/0xPolygon Empire podcast with Rebecca Rettig and Jake Chervinsky https://spoti.fi/3YTMfoh Flasbots MEV-Share article http://bit.ly/3S7g9TO Categorizing different zk implementations (a Twitter thread) https://twitter.com/pseudotheos/status/1622698514475061252?s=20 - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Kristin Smith

CEO

Blockchain Association

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

This week on The Defiant Podcast we speak with Hamzah Khan, Head of Defi at Polygon. Polygon is one of the biggest players in DeFi with $1.5B in TVL and in the blockchain space in general. Hamzah begins by giving us a brief overview of the Polygon ecosystem. Despite the bear market, Polygon has been forging high-profile NFT partnerships with companies like Instagram and Reddit. Its network was also used by JP Morgan’s Onyx unit to conduct the first interbank on-chain forex swap and was chosen by Robinhood to debut its Web3 wallet. We dive into the details of these partnerships with Hamzah. Unlike its sidechain counterpart, Polygon zkEVM will be directly built on Ethereum to serve as a Layer 2. Hamzah goes on to explain the main differences between the two scaling solutions and breaks down the advantages and disadvantages of each. And finally, Hamzah shares his insights into the DeFi ecosystem on Polygon —where most of the activity happens and the innovations he’s excited about. 🙏 Thanking our podcast sponsors: This episode is brought to you by Circle, the sole issuer of USDC, and a leader in crypto that’s held to a higher standard. Learn more at https://www.circle.com/en/usdc Aave Grants is a community-led grants program, focused on growing a thriving ecosystem of contributors within Aave by funding ideas, projects and events that benefit the protocol or surrounding ecosystem. Head to aavegrants.org to learn more and apply for a grant. Now for the first time, you can keep your crypto and NFTs safe with tech the “big guys” have used for years, thanks to ZenGo. Download the ZenGo app from the App Store or Google Play and use code defiant to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details. Built by the team behind Avalanche, Core is an all-in-one command center for Web3 supporting Avalanche, Ethereum, and Bitcoin, a rich ecosystem of dApps, Bitcoin & Ethereum bridges, NFTs, Subnets, and more. Visit core.app to download now.

Hamzah Khan

Head of DeFi

Polygon

In this episode of Empire, Jason and Santi are joined by Rebecca Rettig and Jake Chervinsky to discuss the state of crypto regulation. We explore what Tornado Cash sanctions mean for crypto, how to define decentralization, if tokens will be considered securities, Ethereum censorship, what to expect from future regulation and more! - - (00:00) Introduction (01:18) Tornado Cash Sanctions (16:09) Defining Decentralization (26:17) What Has Been Most Damaging to Crypto? (31:03) Do Regulators Understand the Nuances of Crypto? (37:35) What Regulations Should Be Prioritized Today? (39:27) A Focus on User Protection (46:17) Getting Congress on Our Side (59:45) The SEC's Attack on Crypto (Coinbase) (1:01:02) Uniswap Fee Switch Implications (1:08:17) ETH Validators & OFAC Compliance (1:19:27) Permissionless vs Permissioned DeFi - - Follow Rebecca: https://twitter.com/RebeccaRettig1 Follow Jake: https://twitter.com/jchervinsky Follow Jason: https://twitter.com/JasonYanowitz Follow Santi: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw - - Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Rebecca Rettig

Chief Policy Officer

Polygon LabsJito LabsPolygonDeFi Education Fund

Jake Chervinsky

Partner

Variant FundBlockchain AssociationCompound FinanceCompoundVariantCompound LabsHCHyperliquid Policy Center

🇫🇷 Welcome to the Bankless EthCC 2022 Experience 🇫🇷 With fantastic guests from all corners of the ecosystem, this 8-part series is an exploration of crypto culture and the current state of Ethereum. In episode 4, Mihailo Bjelic joins us to discuss the announcement of Polygon’s zkEVM. This explosive headline comes alongside three other zkEVM announcements.  Why now? What does this all mean?! ------ 📣Rhino.Fi | Massive Mystery Airdrop https://bit.ly/3o9trRE ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/   🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/   ------ BANKLESS SPONSOR TOOLS:  🌱 LENS | ACCESS CODE: WAGMI https://bankless.cc/Lens 🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum 🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 🌉 JUNO | BRIDGE FIAT TO LAYER 2 https://bankless.cc/Juno ⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME https://bankless.cc/zkSync ------ Topics Covered: 0:00 Intro 3:00 Polygon zkEVM Announcements 6:50 How it Works 10:00 Road to Maine 15:30 EVM Equivalence 19:30 EthCC 2021 ------ Resources: Mihailo on Twitter: https://twitter.com/MihailoBjelic Polygon: https://twitter.com/0xPolygon ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Mihailo Bjelic

Co-Founder

Polygon

Sandeep Nailwal and Mihailo Bjelic are the Co-Founders of Polygon. They’ve been on Bankless in the past, but not during a time like the one we currently find ourselves in. However, the bear market is not stopping Polygon from building. Polygon is enabling Instagram to bring NFTs to 2.9B people. And that's not all! They're also working with Stripe to allow USDC payments via Polygon. Hear how exactly they plan on doing this, what they plan on building next, how they're thinking about the bear market, and so much more! ------ 📣 ALCHEMIX | Get a self-repaying loan today! https://bankless.cc/Alchemix  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA  👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  ⚡️ LIDO | LIQUID ETH STAKING https://bankless.cc/lido  🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger  ------ Topics Covered: 0:00 Intro 8:41 Instagram is Adding NFTs 15:01 Meta’s Crypto Team 17:40 What Instagram NFTs Look Like 21:30 The Potential of NFTs on Instagram 26:31 Is Polygon Ready to Support New Users? 29:58 Stripe to Allow USDC Payments via Polygon 35:35 Addresses, Stripe Wallet & Gas Fees? 41:12 Polygon’s Strategy Going Forward 49:04 Polygon Supernets 53:38 Weathering the Bear Market Storm 58:55 Thoughts on the Market Crash 1:02:24 Closing & Disclaimers ------ Resources: Sandeep & Mihailo's Previous Bankless Episodes https://youtu.be/Gf2aalPt8-k  https://youtu.be/rCJUBUTFElE  Sandeep Nailwal https://twitter.com/sandeepnailwal  Mihailo Bjelic https://twitter.com/MihailoBjelic  Instagram NFTs https://imgur.com/a/c1vBnM2  Stripe to Allow USDC Payments via Polygon https://www.coindesk.com/business/2022/04/21/stripe-taps-polygon-to-allow-customers-to-make-payments-in-usdc/  Polygon Supernets https://twitter.com/0xPolygon/status/1517502692670640129  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures

Sandeep Nailwal

Co-Founder

Polygon

Mihailo Bjelic

Co-Founder

Polygon