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

Odaily Planet Daily News: 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. Bitnomial stated in the lawsuit that futures contracts fall solely under the jurisdiction of the Commodity Futures Trading Commission, and the SEC's involvement would significantly increase the company's regulatory burden.

Previously, it was reported that the CFTC approved Bitnomial to register as a derivatives clearing organization in the United States in December last year.