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:

It's disheartening to see regulatory bodies like the SEC flip-flop on critical issues. This lack of consistency undermines trust and could stifle innovation in the burgeoning crypto space. A clear, fair regulatory framework is essential for growth and stability in the digital age.