Polymarket CEO Shayne Coplan believes the recent FBI raid on his devices was politically motivated. He expressed disappointment, suggesting the administration targeted firms linked to political opposition. Coplan emphasized Polymarket's non-partisan stance and value during the election season. Despite gaining traction before the US presidential election, the platform faced scrutiny for alleged data manipulation in favor of Trump, which the company denied. Industry figures like Coinbase CEO Brian Armstrong criticized the raid, hinting at political motives. Kraken's co-founder Jesse Powell called the search warrant abusive, allowing authorities to retain seized devices for years without charges. Blockchain Association CEO Kristin Smith highlighted Polymarket's innovation and warned against actions that could drive developers away from the US. The article also touches on potential federal backing for crypto initiatives and the return of SOL and ADA on Robinhood after regulatory concerns. Read more AI-generated news on: https://app.chaingpt.org/news