The Bitnomial exchange has filed a lawsuit against the SEC due to the commission's attempt to take control over XRP futures. Bitnomial argues that their contracts, certified through the CFTC, should be regulated by that organization. The SEC considers XRP an "investment contract" that requires registration on a stock exchange. Bitnomial refers to the Ripple case, where it was ruled that XRP is not a security, and requests the court to prohibit the SEC from interfering with the listing of the futures.
10/12/2024 2:45:14 PM (GMT+1)
Bitnomial filed a lawsuit against the SEC, challenging control over XRP futures worth 100,000 units of the cryptocurrency 💼
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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