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 baffling to see the SEC pivot like this after years of steadfast assertions. A clear, consistent regulatory framework is crucial for innovation and trust in the crypto space. It's high time we have transparency and coherence, not legal acrobatics that create more confusion!