Loading...
Market
What major regulatory change will affect XRP trading in the U.S. by mid-2025?
3
Resolution / Starting Odds
Increased regulation • 25%
Decreased regulation • 25%
No change • 25%
Ban on trading • 25%
Official regulatory announcements or changes in trading practices
Story
Bitnomial Sues SEC Over XRP Futures, Disputes Claim That XRP Is a Security
Oct 11, 2024, 01:18 AM
Bitnomial Exchange LLC, a Chicago-based crypto derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) challenging the agency's claim that XRP futures contracts are securities. Bitnomial argues that XRP is already regulated as a commodity under the sole jurisdiction of the Commodity Futures Trading Commission (CFTC). The exchange contends that the SEC is overstepping its statutory authority by asserting joint jurisdiction over its planned XRP futures contracts, which it says 'duplicates and compounds the regulatory burden' on market participants. Bitnomial also asserts that the SEC's actions are hindering U.S. traders, keeping them a step behind their global counterparts.
View original story
Similar markets
Tax exemption for crypto • 25%
Stricter regulations • 25%
Introduction of a digital dollar • 25%
Other • 25%
Stricter regulations • 25%
Looser regulations • 25%
No change • 25%
Other changes • 25%
Pro-Bitcoin policies • 25%
Stricter regulations • 25%
No significant change • 25%
Other • 25%
Favorable to crypto • 25%
Unfavorable to crypto • 25%
Neutral impact • 25%
No change • 25%
Only a security • 25%
Only a commodity • 25%
Both security and commodity • 25%
Neither • 25%
Introduction of new regulations • 25%
Relaxation of existing regulations • 25%
Increased enforcement actions • 25%
No significant changes • 25%
Rollback of specific rule • 25%
Introduction of new pro-crypto rule • 25%
No significant change • 25%
Increased enforcement • 25%
Introduction of new regulations • 25%
Repeal of existing regulations • 25%
No significant changes • 25%
Other • 25%
CFTC leads • 25%
SEC leads • 25%
Joint leadership • 25%
No change • 25%
New regulations implemented • 25%
Existing regulations upheld • 25%
Regulations relaxed • 25%
No significant change • 25%
More favorable to innovation • 25%
More restrictive • 25%
Remain unchanged • 25%
Other • 25%