Polygon defends itself against SEC accusations

After the outbreak that caused the demands of the United States Securities and Exchange Commission (SEC) against the exchanges Binance and Coinbase, several cryptocurrency companies have spread messages to defend themselves against the accusations that the regulator exposes in its arguments. Among these companies is Polygon Labs, which argues that its platform was “developed outside the US, deployed outside the US, and focused to this day on the global community that supports the network.”

In response, Polygon insists that its activities were not focused on the US market.

However, the SEC's complaint explains in detail the reasons why Polygon was included in this category along with 11 other cryptocurrencies: “Polygon has also routinely announced when cryptoasset trading platforms have made MATIC available for trading, such as the Binance.US platform in June 2020.”

The SEC adds that Polygon, an Ethereum-compatible multi-chain network, has repeatedly posted about the company's “growth and development” and has “explicitly encouraged purchasers of MATIC to view MATIC as an investment in other ways.” ”.