Polygon developers: “We are not targeting the US market”

The Polygon Labs team came out in defense of their MATIC cryptocurrency, expressing disagreement with the fact that the US Securities and Exchange Commission (SEC) called it an unregistered security. Last week, the SEC filed lawsuits against cryptocurrency exchanges Binance and Coinbase, classifying SOL, ADA, FIL, SAND, MANA, ALGO, AXS and MATIC cryptocurrencies as securities. In response, the Polygon Labs team said on Twitter that the company has always operated internationally and has not only…