The SEC sank to new lows yesterday.

Since day one, the SEC has said tokens *are* securities, even though that makes no sense as a matter of law.

Yesterday in the Binance case, they finally admit that's wrong — and gaslight a federal court about YEARS of their own arguments 🤯

h/t @iampaulgrewal for posting on X:

This is shocking! I remember calling in to all the public hearings of Ripple vs SEC and realizing the SEC organization isn’t faithful to the law or protecting investors. They will unapologetically change positions, accuse, dodge, and delay at the cost of investors if it means pushing their agenda. Stay frosty 🫡