The Securities and Exchange Commission (SEC) is asking the court to dismiss a lawsuit from the US company Beba, which is trying to defend itself against possible regulatory action after a previous airdrop. 😮 The SEC claims the lawsuit is “pretentious and based on illusory” policies. Beba argued that the SEC would say that BEBA tokens were securities and would sue the business. However, the SEC said the lawsuit is "pretentious and based on a bogeyman - an alleged policy that the commission never adopted and which does not actually exist."