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:

@dwr.eth i wish i could rotate phone to see this image widescreen

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 🫡

Is any party calling SEC out in court for this duplicity?

The SEC has failed to protect investors from a whole lot of major scams while going after legitimate projects on a regular basis. They should be abolished, we have this great thing now called the internet and DYOR, I don't need the state telling me how I should invest my money when they can't even balance a budget.