2024

Security

<ul class="wp-block-list news-points"> 
 <li><strong>Bitnomial disputes SEC’s classification of XRP as a security impacting futures trading.&nbsp;&nbsp;</strong></li> 
 <li><strong>The lawsuit questions SEC’s jurisdiction over XRP futures and its broader crypto asset oversight.&nbsp;&nbsp;</strong></li> 
 <li><strong>Court ruling may influence future regulatory classification of digital assets beyond XRP.</strong></li> 
</ul> 
<p>Bitnomial is taking the U.S. Securities and Exchange Commission to court, challenging the agency’s claim of authority over the exchange’s proposed XRP futures contract.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">SCOOP: Bitnomial sues SEC over XRP futures, challenges agency's continued claim that XRP is a security<br><br>Crypto derivatives exchange <a href="https://twitter.com/Bitnomial?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Bitnomial</a> is suing the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SECGov</a> over the agency’s claim that it has authority over its planned <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$XRP</a> Futures contract.<a href="https://t.co/oN8GyanG1m" target="_blank" rel="nofollow">https://t.co/oN8GyanG1m</a></p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1844537851981021421?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 11, 2024</a>
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<p>The lawsuit, filed in an Illinois district court, centers on whether XRP is a security. This determination has significant implications for who regulates XRP futures trading.</p> 
<h2 class="wp-block-heading" id="h-bitnomial-s-xrp-futures-filing-sparks-sec-scrutiny">Bitnomial’s XRP Futures Filing Sparks SEC Scrutiny</h2> 
<p>The SEC asserts that XRP is a security, arguing that crypto asset transactions fall under federal securities laws. This stance extends to Bitnomial’s planned futures …</p>
<p>The post <a href="https://coinedition.com/bitnomial-sues-sec-over-xrp-futures-disputes-security-classification/">Bitnomial Sues SEC Over XRP Futures, Disputes Security Classification</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitnomial Sues SEC Over XRP Futures, Disputes Security Classification

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