The Securities Exchange Commission remains convinced that cryptocurrency XRP is a security, FOX Business has learned. The disclosure follows a lawsuit filed late Thursday night by cryptocurrency derivatives exchange Bitnomial, which sued Wall Street's top cop for claiming that the SEC has jurisdiction over a planned futures contract that tracks the price of XRP, the seventh-largest digital asset by market capitalization.
Bitnomial, which is regulated by the Commodity Futures Trading Commission, a sister body of the Securities Exchange Commission, self-certified the XRP USD futures contract in August following the conclusion of the SEC's lawsuit against blockchain payments firm Ripple.
Bitnomial is suing the SEC over XRP futures, challenging the agency's continued claims that XRP is a security
2024-10-11 00:45:45
Fox business informed us securities exchange commission still firmly believedesk3cryptocurrencydesktopCrypto News
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