nonpartisan

ChainCatcher message, Polymarket CEO Shayne Coplan responded on X regarding the platform's investigation by the U.S. Department of Justice: "It is frustrating that the current administration would make a last-ditch effort to go after companies they believe are associated with political opponents.We are firmly committed to a nonpartisan stance, and today is no exception, but the current administration should engage in some self-reflection and recognize that taking a more business-friendly and entrepreneurial approach could change the fate of this election for them.Polymarket has provided value to tens of millions of people during this election cycle, while harming no one. We take great pride in this. I can say with my head held high that the future of America, especially the future of American entrepreneurship, has never been brighter. In the face of adversity, we continue to build."

ChainCatcher news, according to The Block, Polymarket CEO Shayne Coplan responded to The New York Times' report about the platform's political bias, emphasizing that Polymarket maintains a nonpartisan stance and is not a political tool. Coplan stated that Polymarket is committed to providing alternative data sources and does not support any specific party or candidate.Additionally, he dismissed rumors about the company's relationship with billionaire Peter Thiel, stating that Thiel has no control and his political views do not affect the platform's operations. Coplan pointed out that Polymarket focuses solely on market data and does not engage in political struggles.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal stated, "What I worry about most is that cryptocurrency becomes politicized in the U.S. and turns into a partisan issue, which will at least slow down or even threaten its continued growth and development."He emphasized that modernizing policy requires support from both parties in the U.S. Applying the Howey test "blindly and mechanically" to blockchain and cryptocurrency makes no practical sense. Even case law from the Supreme Court has always been considered applicable to specific situations and needs to adapt to new technologies and issues emerging in the market and economy. "For me, what is most encouraging in Asia is that people focus on concrete issues and pay little attention to ideology, whereas in the U.S., having meaningful dialogue with most government departments regarding cryptocurrency and policy is a challenge."However, he remains optimistic about the U.S. as both major parties are beginning to recognize the importance of cryptocurrency.