Crypto Exchange Bitnomial voluntarily rejected a lawsuit against the US Securities and Stock Exchange Committee before the launch of Ripple XRP futures in the United States.
The Chicago -based company said on March 19 statement To x that xrp (XrpFuture contracts are organized by the American Commodity Futures Trading Committee and will be available from March 20 for current users.
Bitnomial said: “Bitnomial launches the first XRP sticks organized by CFTC in the United States-was physically settled for the real market impact,” said Bitnomial.
“In addition, we have voluntarily rejected our issue against the Supreme Education Council with an improvement in organizational clarity,” he added.
source: necessary
Provide the stock market for self -order with CFTC to XRP Futures List in August 2024. However, SEC has banned this step, and prompted Bitnomial to register for securities before you can list futures.
Bitnomial filed a lawsuit against the Supreme Education Council and its five commissioners on October 10, accusing the expansion agency in its jurisdiction by claiming that XRP is safety.
The launch of the Bitnomial XRP futures for Ripple CEO Brad Garlinghaus’s announcement on March 19. They chose to continue to appeal against the status of the ruling XRP as not safety sales.
July 13, 2023 Judge Angia Torres XRP is considered safety for retail sales; However, she saw this when he was sold to institutional investors, as he achieved the specific conditions in the Howe Test. SEC was appealing the decision of Torres.
SEC initially launched legal procedures Against Ripple Labs in December 2020Accusing the illegal symbol sale company as unregistered security.
Related to: Fairmont follows the SEC progress, and legal action against Coinbase
Under the Trump administration, the Supreme Education Council was slowly proceeding to its hard -line position towards forged encryption under previous President SEC Gary Ginsler to rule , An increasing number of enforcement procedures rejected Against encryption companies.
The Acting Agency Chief, Mark Oida, who took control after that Jinsler resigned January 20, laid a mark on March 17 to cancel a proposed base under the Biden administration Tightening coding nursery standards For investment consultants.
Oida also said in a speech on March 10 that he asked SEC employees to give up part of the proposed changes that would Expanding the organization of alternative trading systems To include encryption companies, and ask them to register books.
magazine: SEC’s U-Orn on Crypto Main Questions Waves without answering
