Odaily Planet Daily News The U.S. Securities and Exchange Commission (SEC) argued in a federal court case against Coinbase that cryptocurrencies lacked any “inherent or inherent value.” The SEC stated in its filing: “Crypto-assets themselves have no inherent or inherent value.” value - it is linked to its underlying value, which in the case of the crypto-assets involved in this case is an investment contract." Paul Grewal, Chief Legal Officer of Coinbase, countered: “The SEC’s argument today means that everything from Pokemon cards to stamps to Swiftie bracelets are securities. This is simply not the law, nor should it be the law.” ( Decrypt)