SEC’s Authority Over XRP Futures Challenged in Bitnomial Lawsuit

Crypto derivatives speech Bitnomial is suing the U.S. Securities and Exchange Commission (SEC) implicit its authorization to modulate XRP futures, challenging the classification of XRP arsenic a security. The exchange, overseen by the Commodity Futures Trading Commission (CFTC), contests the SEC’s assertion that XRP futures are “security futures” and aims to acceptable a precedent affecting […]