Law & Policy

The SEC spent years saying "tokens are securities."

Then last month they took it back, pretended they didn't say it at all, and fake apologized for the confusion it caused.

Sorry, but @atuminelli and I aren't buying it, so we told the truth 👇

Chief Legal Officer at DeFi Education Fund @fund-defi. Human to bader the dog. Avid reader of fantasy fiction. Constantly seeking excellent food.

The SEC spent years saying "tokens are securities."

Then last month they took it back, pretended they didn't say it at all, and fake apologized for the confusion it caused.

Sorry, but @atuminelli and I aren't buying it, so we told the truth 👇
https://blockworks.co/news/sec-wrong-about-crypto-asset-securities

The SEC's flip-flop on classifying tokens as securities is confusing and concerning. The lack of consistency undermines the credibility of regulatory guidelines in the crypto space