SEC Asserts Crypto Has No 'Inherent Value' in Latest Filing Against Coinbase
- SEC says crypto has no 'inherent value' in Coinbase court filing
- Cites Howey test to argue crypto is an investment contract under SEC jurisdiction
- Notes crypto tokens have no value without underlying blockchain or service
- Coinbase previously said SEC enforcement hurts US economy
- SEC motion follows ongoing legal battle with top crypto exchange
