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Polygon, Ledger Urge EU To Amend Smart Contract Rules Forcing Inadvertent Centralization

Polygon Labs and Ledger have jointly written an open letter urging EU lawmakers to amend Article 30 of the Data Act related to rules for smart contracts. The companies argue that the current version will inhibit innovation and economic growth in the European crypto industry as it does not account for the intricacies of permissionless smart contract systems.

They propose changes to certain clauses in Article 30, including revising the clause to exclude software developers from being considered a “party offering” smart contracts, and clarifying that the scope of the Data Act only applies to personal data, trade secrets, or sensitive business information.

The companies also requested that the language and scope of the Data Act are similar to that of the Markets in Crypto Assets (MiCA) regulation, which accounts for fully decentralized cryptocurrency projects and excludes them from requirements placed on centralized entities.

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