Polygon Labs responded to the SEC's classification of MATIC as an investment contract. "Because of our focus on network security, we have ensured that MATIC is available to a wide range of people, and we have done this in such a way that it has never targeted the United States," the company said. We developed it outside the USA and published it outside the USA." he used his expressions.

Polygon Labs, the developer company of the Polygon blockchain network, responded to the US Securities and Exchange Commission's (SEC) approval of MATIC as an “investment contract”.

In a statement on Polygon Labs' Twitter account, “Because of our focus on network security, we have ensured that MATIC is available to a wide community of people, and we have done this in such a way that it has never been targeted at the United States. We developed it outside the USA and published it outside the USA.” statements were included.

In the continuation of the statement, it was stated that MATIC has been a necessary part of Polygon technology since the first day, ensuring that the network is secure and has remained so to this day. ”We are confident in the steps we have taken in the past,“ Polygon Labs said, finally heralding that they will make ”exciting" technology announcements next week.

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The SEC had described MATIC as an investment contract in the lawsuits it filed against Binance and Coinbase earlier this week. Following this classification by the SEC, Robinhood, one of the leading trading platforms, announced that it will remove the token from the list. The negative developments experienced in a row have caused a huge loss of value in MATIC. The token price has fallen by 32 percent since the beginning of the week. #matic #crypto2023 #SEC #Binance #Ethereum