Agreed many NFT's have little long-term value, but they do have a good side. Many talented artists (some of whom would have no other way to sell their products) have found happy customers for their creative work. I hope the SEC doesn't try to claim all NFT's are securities, that would be way too Draconian, imo.
It turns out that the NFT token also comes in Utility and Security. But most NFT tokens are scams. There is no need to worry that all NFT tokens will be banned. Most of these projects will not survive this regulation because they do not have enough resources for the courts. And in principle, this is good for the crypto market, because after the precedent, similar projects will be closed.
Unlike coins, the price of NFT tokens is very easy to manipulate and reduce or increase tax profits.