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SEC Just Got Served a Fat One – Their Entire Regulator Existence Is About to Get Put on Ice by the Wildly Innovative XRP Future Traders

A  illustration depicting an anthropomorphic SEC regulator being served with a massive ice cream cone by Bitnomial's CEO Luke Hoersten, while in the background, XRP tokens are melting away like popsicles.

XRP: The SEC’s Latest Whack-a-Mole Attempt.

Source: bitcoin.com

Crypto derivatives exchange Bitnomial is suing the U.S. Securities and Exchange Commission (SEC) over its authority to regulate XRP futures, challenging the classification of XRP as a security. The exchange, overseen by the Commodity Futures Trading Commission (CFTC), contests the SEC’s claim that XRP futures are “security futures” and aims to set a precedent affecting all digital assets. The case seeks a clear judicial ruling on XRP’s status. Bitnomial has […]

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