The case of Texas v. Johnson ruled that the burning of the flag was a crime based on a Texas statute that prevented the desecration of a sacred object. However Mr. Johnson appealed to the Supreme court and they agreed to hear his case. The Supreme court found that flag burning constitutes free speech (or "symbolic speech").
I do not agree with this verdict namely because of the status we give our flag. It represents freedom and equality, and is even considered by some to be a banner of hope. Burning the flag does not represent free speech but rather an ignorance of what that flag really stands for. And the rights it gives to the person who so callously torches it under the guise of the first amendment.