🚨 SEC's Hester Peirce: regulators basically built an environment where projects flourished more by claiming "no utility" than by actually building real utility.

Years of "utility token" gymnastics finally called out by the SEC itself 💀#BitwiseFilesFinalNEARSpotETFProspectus #DogecoinETFsPostBiggestWeekSinceLaunch #StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening #SECSaysTokenBuybacksNotAutoSecurities $XRP $BTC $BNB