Polygon , the developer of the Polygon blockchain network, has responded to the#SEC claim that MATIC is an "investment contract." In a statement on Twitter, Polygon Labs emphasized that they have focused on network security and made sure that #MATIC is accessible to a large human community without specifically targeting the US market. They also stated that MATIC has been integral to the Polygon technology from the beginning and continues to play a crucial role in ensuring network security. Polygon Labs expressed confidence in the steps they have taken in the past and teased upcoming exciting technology news. Following the SECs classification of MATIC as a security several trading platforms, including Robinhood,have delisted the token, causing a significant decrease in its value, with a 32% drop since the beginning of the week.