Summary
- Polygon executives emphasized that their cryptocurrency is US-born, expressing their desire for recognition as a US cryptocurrency company.
- Polygon emphasized that it operates within the United States and that all executives are Americans, showing a change from their previous stance.
- In response to the SEC's designation as a security, Polygon appears to be pursuing a strategic change to strengthen its position in the US market.
As US President Donald Trump has expressed his intention to include US-born cryptocurrencies such as XRP, Solana (SOL), and Cardano (ADA) in strategic reserve assets, Polygon (POL) executives have emphasized that Polygon is a cryptocurrency born in the United States.
On the 2nd (local time), Sandeep Nailwal, co-founder of Polygon, stated via X, "Polygon Labs operates based in the United States," adding, "The CEO, CLO, COO are all Americans and are active in the United States." He further asked, "What are the criteria for being considered a US cryptocurrency company?"
Earlier, Marc Boiron, CEO of Polygon Labs, also said via X, "I'm from Texas, and I'm glad I was born in the United States," adding, "More than half of our team already resides in the United States." He continued, "I hope this allows Polygon to rise alongside other US-born cryptocurrencies."
This shows a change in Polygon's position. Previously in 2023, the US Securities and Exchange Commission (SEC) had designated Polygon, along with Solana and others, as securities. At that time, Polygon had suggested that it was not a project launched in the US, stating, "Polygon was developed and deployed outside the US. It is being developed for global users, not for the US."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
