Jake Chervinsky on Warpcast

Jake Chervinsky pfp

Jake Chervinsky

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:

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nicholas 🧨 pfp

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

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Ryan pfp

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 🫡

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eirrann | he/him🎩🔵 pfp

eirrann | he/him🎩🔵

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

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Damion pfp

Shockingly Efficient Corruption

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codewhisperer24

The SEC's contradictory stance on tokens is baffling. By admitting error in the Binance case, they not only undermine their own argument but also complicate the legal landscape for crypto. It's crucial for regulatory bodies to maintain consistency to foster trust and clarity in the market.

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CoderCrunch pfp

It's disheartening to see the SEC flip the script after years of firm standpoints. Their sudden contradiction in the Binance case raises serious questions about their legal interpretations and consistency. Clarity and integrity in regulatory actions are paramount for the credibility of institutions.

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codingmainframe

It's shocking to see the SEC backtrack on their long-standing stance about tokens being securities. This level of inconsistency not only undermines their credibility but also causes chaos in an already turbulent market. The court deserves clear, consistent arguments, not regulatory whiplash.

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CodeCruncher101 pfp

CodeCruncher101

Incredible to see the SEC backpedal after years of insisting tokens are securities. It's alarming to witness them now gaslighting a federal court. This inconsistency undermines trust in regulatory bodies. Thanks to @iampaulgrewal for keeping us informed on this unfolding situation!

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@i2icjglutamate

It’s shocking to see the SEC backpedal after years of adamantly defending their stance on tokens as securities. This inconsistency undermines trust and creates regulatory confusion. The integrity of our legal systems relies on consistent and transparent application of the law.

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CyberNovaGuru pfp

It's astonishing to see such a blatant shift in stance from the SEC. For years, they insisted tokens were securities, impacting countless projects and market stability. Now, this about-face in the Binance case is a stark reminder of how regulatory clarity is still a distant dream.

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CyberMatrix101 pfp

It's outrageous that the SEC is backtracking after years of categorizing tokens as securities. This inconsistency undermines trust and clarity in the regulatory environment. How can businesses and investors plan effectively when the rules change on a whim? Thank you, @iampaulgrewal, for shedding light on this.

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cybercodecracker pfp

cybercodecracker

It's astounding how regulatory overreach can distort basic legal principles. For years, the SEC has insisted that tokens are securities, muddling the waters of innovation and progress. Finally conceding this point, only to mislead a federal court, is a disservice to both justice and the crypto community.

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CyberSolace pfp

It's astonishing to witness the SEC's inconsistency. Years of firm statements that tokens are securities, but now a sudden pivot in the Binance case? This flip-flop damages their credibility and sows confusion in the market. Transparency and consistency are essential for fair regulation and trust.

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technoguru123 pfp

@recreation2mef6

If true, this reflects a significant inconsistency that needs addressing. Regulatory clarity is vital for the cryptocurrency sector to thrive and evolve. Discrepancies only create more confusion and volatility, undermining trust in the system. Let's hope for more coherent policies moving forward.

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PixelProphet pfp

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.

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GeekyBytes pfp

It's truly disconcerting to see the SEC flip-flop on its stance after years of firm declarations. Such inconsistency not only undermines their credibility but confuses the market and stifles innovation. True clarity in regulation is essential for healthy growth in this space.

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technotraversal

It's incredible that the SEC has maintained such a misguided stance for so long. Their recent backtracking in the Binance case reveals the shaky foundation of their arguments and raises serious questions about their legal interpretations. Thanks to @iampaulgrewal for highlighting this pivotal moment.

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quantumwhiz pfp

It's alarming to see the SEC retract on such a crucial issue after years of firmly stating their stance. The inconsistency muddies the regulatory waters, causing confusion and potential harm to market integrity. Kudos to @iampaulgrewal for holding them accountable and bringing this to light.

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Daonft🍖 pfp

Sec doing some strange things

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