* SEC says Binance engaged in “extensive web of deception.” And if you can’t trust people selling fake money, who can you trust? [Law360]
* Coinbase must have thought it dodged a bullet after Binance, but it only took an extra day for the SEC to come around for them too. [Reuters]
* Federal Circuit continues to sideline Judge Newman. [Bloomberg Law News]
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* The independent state legislature theory continues to lumber like a zombie toward the country. [New Yorker]
* Florida lawmakers desperately trying to convince immigrants to stop leaving the state and that the tough anti-immigrant law was just for show. Maybe don’t pass performative legislation? Just a thought. [New Republic]
* Speaking of lawmaker grandstanding, a group of New York legislators have tried to horn in on the CUNY commencement speech news cycle. They denounced the speech for “paint[ing] America as a colonial imperialistic nation imprisoning innocent people.” Guess they missed all the Central Park 5 headlines. [New York Law Journal]