Breaking: Bitnomial Sues US SEC Over XRP Futures, Cites CFTC As Primary Regulator

Bitnomial, a cryptocurrency derivatives exchange, has sued the U.S. Securities and Exchange Commission (SEC) for jurisdiction over XRP futures contracts. This lawsuit is based on the SEC’s position that XRP futures are “Security Futures” and therefore it has the right to regulate. This legal action is taking place at the background of the already existing conflict between Ripple and the SEC over the status of XRP.