Lawyers are asking a judge to dismiss a case against their client, a former Coinbase manager and his brother, arguing that the tokens involved are not securities. In an 81-page brief, lawyers from five law firms said the Securities and Exchange Commission was “wrong” to say that nine digital assets were securities, comparing them to Beanie Babies and baseball cards — after the agency charged Ishan Wahi, 32, for insider trading, along with his brother and a friend. The lawyers argue that all nine tokens are utility tokens necessary for the use of the networks that created them, making the case one that could have broader implications for Coinbase and other exchanges listing those assets in the U.S. (The Block)