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:

Cross-casting an important perspective by @jchervinsky @iampaulgrewal from the Binance case

Cross-casting an important perspective by @jchervinsky @iampaulgrewal from the Binance case

https://warpcast.com/jchervinsky/0xcd5008a2

Crypto Attorney, Web2 Founder, Farcaster Maxi. Moderator for /law-policy