11 months ago
2 mins read
Polygon Labs Defends MATIC Against SEC’s Security Claim
Polygon Labs has issued a response to the United States Securities and Exchange Commission’s (SEC) claims that MATIC is an unregistered security. The team defended MATIC’s status, emphasizing that it was developed and deployed outside the U.S. and focused on the global community supporting the network. They also highlighted MATIC’s role in ensuring the security of the Polygon technology from its inception. Despite Polygon Labs’ statement, MATIC has experienced a price decline, dropping nearly 2% in a single day and over 33% in the past week. Polygon Labs Defends MATIC’s Status In a blog post, Polygon Labs stated that MATIC
