On September 13, in response to Coinbase Chief Legal Officer Paul Grewal’s post on the X platform revealing that the SEC had previously made misleading statements about the characterization of tokens, Binance stated in footnote 6 of the revised complaint that “the SEC regrets any confusion it may have caused,” referring to the SEC’s previous mistaken statement that the tokens themselves were securities. Ripple Chief Legal Officer Stuart Alderoty responded that the SEC’s move actually acknowledged two points: one is that “crypto asset securities” is a fictitious term; the other is that to prove that crypto assets are investment contracts, the SEC needs a series of “contracts, expectations, and understandings” of evidence. At the same time, he said that the SEC has actually fallen into a dilemma of self-contradiction.