In a stunning reversal, the SEC has backed down from its lawsuit against Binance and Changpeng Zhao (CZ), dropping the controversial term "crypto asset securities." âïž
The agency has now admitted it didnât intend to classify any tokens as securities, causing massive confusion. đł In a dramatic twist, the SEC regrets using the term in its Binance case. Attorney Jake Chervinsky voiced his disbelief, calling it extreme "gaslighting."
đ„ Rippleâs general counsel Stuart Alderoty, fresh off his win against the SEC, chimed in, saying, âThe SEC has finally admitted âcrypto asset securityâ is a made-up term.â This could signal a serious shift in crypto regulation!
Whatâs next? The crypto world holds its breath as the SECâs blunder shakes the entire industry.
Stay tuned! This could change everything. đ„
#SECReversal #Binance #CryptoShock #CZ #BinanceLaunchpoolCATI