Bitnomial plans to drop lawsuit against SEC and launch XRP futures contracts approved by CFTC

3 days ago

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On March 19, crypto journalist Eleanor Terrett revealed on social media that after the U.S. Securities and Exchange Commission (SEC) agreed to withdraw its appeal against Ripple, the cryptocurrency derivatives trading platform Bitnomial plans to withdraw its lawsuit against the SEC.

Bitnomial had previously sued the SEC in October last year, as the SEC claimed to have regulatory authority over Bitnomial's planned XRP futures contracts.

Terrett stated that Bitnomial will officially launch the CFTC-approved XRP futures contract tomorrow morning.

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