Challenging the SEC's jurisdiction, Bitnomial aims to reshape how XRP Futures are regulated in the crypto world while also...
Bitnomial, a cryptocurrency derivatives exchange, has taken legal action against the U.S. Securities and Exchange Commission over its regulatory authority for
The SEC warned Bitnomial that proceeding with the listing of XRP Futures without adhering to additional regulatory obligations would violate federal securities laws. Hence, Bitnomial aims to secure a ruling that would not only confirm that XRP Futures are not ‘Security Futures,’ but would also block the SEC from initiating any enforcement actions against the exchange related to its planned XRP Futures offerings.
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