On September 13th, Coinbase's Chief Legal Officer Paul Grewal posted on X platform, revealing misleading statements made by the SEC regarding token classification. In response, Binance amended its lawsuit, stating in footnote 6, "The SEC regrets any confusion it may have caused," referring to the SEC's previous erroneous claim that tokens themselves are securities.

Ripple's Chief Legal Officer Stuart Alderoty responded, asserting that the SEC's statement effectively acknowledges two points: first, "crypto asset securities" is a fabricated term; second, to prove crypto assets are investment contracts, the SEC needs a series of evidence related to "contracts, expectations, and understandings." Alderoty further stated that the SEC has essentially fallen into a self-contradictory predicament.