According to ChainCatcher, 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's Chief Legal Officer Stuart Alderoty responded that the SEC's move actually admitted two points: first, "crypto-asset securities" is a fictitious term; second, 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.
