Cryptocurrency derivatives exchange Bitnomial sues SEC over XRP futures classification.

Crypto derivatives exchange Bitnomial has filed a lawsuit against the SEC, disputing its jurisdiction over a proposed XRP futures contract. The SEC maintains that XRP is a security, despite a recent court ruling favoring Ripple, which stated otherwise. Bitnomial argues that its XRP futures are not securities and seeks to clarify the regulatory status of digital assets. This lawsuit contributes to the ongoing debate regarding cryptocurrency classifications.

October 11, 2024
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