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News Explorer — Bitnomial Challenges SEC's Jurisdiction Over XRP Futures, Citing Regulatory Burden Concerns

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Oct 11, 10:38 am
Coindesk

Bitnomial Challenges SEC's Jurisdiction Over XRP Futures, Citing Regulatory Burden Concerns

Bitnomial has filed a lawsuit against the SEC, claiming the regulator exceeded its authority by trying to regulate an XRP futures contract alongside the CFTC. The exchange argues that the futures fall under the CFTC's jurisdiction, not the SEC's, and that the SEC's involvement would increase regulatory burdens.

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