Crypto exchange challenges regulatory oversight
Bitnomial has challenged the SEC's jurisdiction over its XRP Futures product. The crypto derivatives exchange filed a lawsuit against the SEC, claiming undue regulatory hurdles. The ongoing XRP debate adds another layer of complexity to this legal confrontation.
Canary Capital is the second firm following Bitwise to file with the US SEC for a spot XRP ETF
Ripple's Chief Legal Officer, Stuart Alderoty, voiced his discontent, labeling the SEC's move as an embarrassing misstep