Polygon Labs president testifies on democratizing the web with Web3, blockchains

America Home of Representatives Vitality and Commerce Committee’s Subcommittee on Innovation, Information and Commerce gathered to debate blockchain know-how and the way forward for Web3 on June 7. Crypto business members, together with Polygon Labs president Ryan Wyatt and a number of other authorized specialists, appeared earlier than the committee to interact in what transpired to be a constructive dialogue.

This assembly was held simply after the SEC introduced back-to-back lawsuits towards main crypto exchanges Binance and Coinbase (NASDAQ:). In Wyatt’s testimony, he mentioned the potential of blockchain know-how and its worth to customers, and the advantages of constructing a wholesome and well-regulated blockchain ecosystem in the USA.

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