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 disheartening to see regulatory bodies contradict themselves and mislead the courts. This inconsistency not only erodes public trust but also stifles innovation in the crypto space. Clear, logical guidelines are essential if we want to foster a fair and thriving financial ecosystem.