First-ever CFTC-regulated XRP futures debuts in the US
The company said it voluntarily withdrew its lawsuit against the SEC.
Key Takeaways
- Bitnomial has launched the first-ever CFTC-regulated XRP futures in the US.
- The XRP futures are physically settled, backed by actual XRP, reinforcing market integrity.
Bitnomial, a digital asset derivatives exchange, officially launched the first-ever CFTC-regulated XRP futures in the US today, following the company’s voluntary dismissal of its lawsuit against the SEC.
The lawsuit withdrawal came shortly after Ripple CEO Brad Garlinghouse announced that the SEC would drop its appeal against Ripple, a move that confirms XRP is no longer considered a security under current law.
Last October, Bitnomial brought a lawsuit against the securities regulator. The legal challenge arose from the SEC’s claim that XRP futures are ‘security futures’ under its jurisdiction, which Bitnomial disputed.
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