The #SEC argues #cryptocurrencies have no inherent value in their case against Coinbase, leading to pushback from #Coinbase and #crypto community. The SEC petitioned a judge to reject Coinbase's stance that #cryptocurrency #trading is not an investment contract. Coinbase's chief legal officer and Ripple Labs' chief legal officer both criticize the SEC's argument, highlighting flaws and inconsistencies. #news

https://decrypt.co/200625/crypto-has-no-innate-or-inherent-value-sec-argues-in-coinbase-case