Bitnomial sues SEC over XRP futures, questions agency’s continued claim that XRP is a security
FOX Business has learned that the US Securities and Exchange Commission (SEC) still believes that the cryptocurrency XRP is a security. This news was revealed after the cryptocurrency derivatives exchange Bitnomial filed a lawsuit on Thursday evening, accusing the top cop on Wall Street of claiming that the SEC has jurisdiction over a planned futures contract that tracks the price of XRP, the seventh-ranked digital asset by market cap. Bitnomial is regulated by the Commodity Futures Trading Commission, a sister agency of the SEC. After the SEC's lawsuit against blockchain payment company Ripple was settled, Bitnomial self-certified XRP-US dollar futures contracts in August.
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