According to The Block, lawyers for former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi asked a judge to dismiss a motion related to insider trading cases, saying that the US Securities and Exchange Commission (SEC) said that nine digital assets are securities. , and believes that the tokens involved are all utility tokens necessary to use the networks that create them, and that they are sold on the secondary market, not securities. If the judge denies the motion to dismiss, the case will move forward unless a settlement is reached. Foresight News previously reported that Nikhil Wahi was sentenced to 10 months in prison for insider trading. Prosecutors said that Ishan Wahi provided Nikhil Wahi and his friend Sameer Ramani with information about tokens that were about to be listed on Coinbase. Nikhil Wahi and Sameer Ramani passed Insider tips profit by buying these tokens in advance.