The Bitcoin futures platform Bitnomial has sued the U.S. SEC, accusing it of overregulation.

Foresight News reports that the Bitcoin futures platform Bitnomial Exchange is suing the U.S. Securities and Exchange Commission (SEC), accusing it of overstepping its jurisdiction over digital assets. The case involves XRP futures contracts that are already regulated by the CFTC. In its lawsuit, Bitnomial states that futures fall solely under the jurisdiction of the Commodity Futures Trading Commission, and the SEC's involvement would significantly increase the company's regulatory burden.

The Bitcoin futures platform Bitnomial has filed a lawsuit against the U.S. SEC, accusing it of overregulation.