Polygon Labs has responded to the SEC's assertion that MATIC is an unregistered security. Polygon Labs, after stating that the token was "developed outside of the United States, deployed outside of the United States, and remains focused today on supporting the network's global community," claimed that "MATIC has been an integral part of Polygon's technology from day one to Ensuring that the network will be secure — and remains so today.” Polygon Blockchain’s development and growth team also stated that its activities will be “not targeted at the United States,” while ensuring that MATIC is “available to a wide range of people.”

Polygon Lab’s statement comes after MATIC tokens were delisted from trading app Robinhood. Prior to this, the Solana Foundation also issued a statement saying that it disagrees with the US Securities and Exchange Commission to characterize SOL as a security.