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Crypto Exchange bitnomial fell a lawsuit against the US Securities and Stock Exchange Committee (SEC) before the launch of XRP futures.
According to March 19 statement Common on X, the XRP future is organized by Crypto Exchange by the CFTC and will be provided starting from the current users of the current users.
Datroots SEC drops, citing organizational clarity
Bitnomial’s decision came after SEC brought down an appeal in a lawsuit
Again in August, Bitnomial has a self -referral with CFTC to include future XRP contracts to exchange it. However, SEC prevented this step and told Bitnomal that she would need registration for securities before she could list futures products on her platform.
In revenge, Bitnomial filed a lawsuit against the Supreme Education Council and the Five Commissioners on October 10. In her lawsuit, she accused the Supreme Education Council of increasing her jurisdiction by claiming this Xrp It is security.
This was after Judge Angia Torres considered that XRP is not safety for retail sales in the rule of July 13, 2023. However, she said that she was safe when selling to institutions because it meets the conditions specified in the Howwey test.
SEC refuses to appeal against Judge Torres
The Securities and Stock Exchange did not agree with Judge Torres in its classification of XRP when it came to retail sales, after which it resumed. However, in the past 24 hours, the Supreme Education Council chose to continue this call.
ripple Brad Garlinghouse, CEO of LABS Development Company, participated in the X publication yesterday.
He wrote in The Post: “SEC will drop its attractiveness – a resounding victory for Ripple, for Crypto, every way you look at,” he wrote in The Post.
This is – the moment we are waiting for. SEC will drop its attractiveness – a resounding victory for Ripple, for encryption, every way you look.
The future is bright. Let’s build. pic.twitter.com/7wsd0c92cm
Brandinghouse March 19, 2025
In the aftermath of the news, the price of XRP has increased by more than 7 % in the past 24 hours for trading at $ 2.44 as of 1:45 am EST, according to Coinmarketcap data.
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