Bitnomial challenges SEC’s classification of XRP as a security.
The SEC filed a notice of appeal in the Ripple case last week.
Bitnomial, a Chicago-based cryptocurrency derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The filing challenged the assertion of the SEC that XRP futures should be classified as “Security Futures.”
Bitnomial’s lawsuit is the second case filed against the SEC this week. Crypto.com, a digital asset exchange, announced it was suing the SEC on Tuesday, alleging the regulator is invading by claiming that all crypto assets are securities.
Bitnomial is operated under the affiliated agency of SEC, the Commodity Futures Trading Commission (CFTC). Besides, the exchange self-certified XRP-US Dollar futures contract after the conclusion of the SEC-Ripple case in August.
Moreover, the Ripple case had focused on the classification of XRP as a security. Whereas, the court ruled that XRP sales to ins
We współpracy z: https://thenewscrypto.com/bitnomial-sues-sec-over-xrps-classification-as-a-security/
