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 mind-boggling to see the SEC contradict itself after relentlessly pushing the narrative that tokens are securities. Admitting it's flawed now, and trying to rewrite their stance in court is disingenuous. We need transparency and consistency, not regulatory gaslighting. Thank you @iampaulgrewal for shedding light on this.