🎉🚀SEC's got its hands full with a lawsuit from Beba & DeFi Education Fund, who are defending their airdrop from potential regulatory actions. Beba's arguing their token giveaway isn't a security, while SEC's calling the lawsuit "premature" and based on a "phantom" policy.👻

🤔Beba's worried SEC might classify their tokens as securities, but SEC's response? "What policy?" They're saying Beba's fears are based on a policy that doesn't exist and an enforcement action that might never happen.🤷‍♂️

🔍SEC's been on a crypto company chase, alleging many are unregistered securities. Beba & DEF claim this violates the Administrative Procedure Act as SEC's skipping the rulemaking process. SEC's counter? Threats of enforcement don't count as a rule.👀

🛡️SEC maintains immunity from lawsuits unless it willingly waives it, and according to them, Beba & DEF haven't proven that SEC's given up its immunity by taking a stance on crypto.🔒

😂So, what's your take on this crypto catfight? Is SEC playing hide and seek with policies or is Beba just being overly cautious? Drop your thoughts below!👇 #DeFi #CryptoNews #SECvsBeba