Silvergate executive decides that Polygon is best

TL: DR

• Rebecca Rettig resigned from the board of directors of Silvergate Bank
• He has accepted a new executive position at Polygon Labs.
• Silvergate Bank is currently under scrutiny by the US Department of Justice. USA.

The future of cryptographic policy

The resignation of a board member from Silvergate Bank, a cryptocurrency-friendly institution, has shed light on the rapidly evolving cryptocurrency industry. Rebecca Rettig, a graduate of Columbia Law School and a former general counsel for Aave Companies, has decided to seek a new opportunity at Polygon Labs as the company’s first policy director.

In his tweet announcing his movement, Rettig stated that he had done “ an examination of conscience about the industry and how to build a future in which I believe ” and that he believes that “ the most important thing at the moment is to have a correct cryptographic policy ”.

Rebecca Rettig’s resignation

Rebecca Rettig, who joined the Silvergate board in March 2022, notified the company of her resignation on Thursday. According to the presentation to the Securities and Exchange Commission ( SEC ), Rettig accepted a new executive position in another company and will focus on its new commitments. Silvergate stated in the presentation that his resignation “ was not the result of any dispute or disagreement ”.

Polygon Chain — A Growing Actor in the Cryptomone Industry

Polygon, formerly known as Ethereum Polygon, is a layer 2 scaling solution for Ethereum that provides faster and cheaper transactions on the Ethereum network. With the growing demand for decentralized applications ( dapps ) based on Ethereum, Polygon chain has become an increasingly attractive alternative for projects looking to scale and improve the performance of their dapps.

One of those projects that jumped to Polygon is DeGods, an NFT platform originally built in Solana. DeGods chose to switch to Polygon due to its faster transaction times and lower costs, making it more suitable for the growing NFT market.

Polygon chain benefits

The Polygon chain offers several benefits to projects looking to scale and improve their dapps. First, it provides faster transaction times, which is essential for dapps that require fast and efficient transaction processing. Second, it offers lower costs, making it a more affordable option for projects looking to reduce their operating expenses. Finally, the Polygon chain is safer and provides a more reliable platform for developing projects.

The importance of cryptographic policy

As the crypto industry continues to evolve, it becomes increasingly important to have a correct crypto policy. With the growing demand for blockchain-based solutions, projects seek alternatives to Ethereum that offer faster, cheaper and safer platforms. With its increasing popularity and proven track record, the Polygon chain has become a viable alternative for projects looking to scale and improve their dapps.

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