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Bitnomial Sues SEC Over Securities Label on XRP Futures

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#DeFi
$XRP
$MAG7.SSI
The Block
539Words
Oct 10, 2024

Crypto derivatives exchange Bitnomial has filed a lawsuit against the U.S. Securities and Exchange Commission, alleging that the agency had “inappropriate” jurisdiction over its $XRP Futures product. Bitnomial disagrees with the SEC’s view that $XRP is a security and argues that the SEC effectively prevented the company from listing $XRP Futures contracts. The legal dispute between Ripple and the SEC on $XRP is still ongoing.

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