The SEC Is Once Again Targeting XRP And Destabilizing The Crypto Market
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Arm wrestling between the SEC and crypto companies seems endless. Today, Ripple’s XRP once again finds itself at the heart of hostilities. Bitnomial, a Chicago-based cryptocurrency exchange, accuses the SEC of overextending its jurisdiction by requiring increased compliance for its XRP futures contracts. This case reignites tensions around XRP’s status as a security, and the crypto sector is beginning to worry about broader repercussions for all digital assets.
Bitnomial challenges the SEC: a jurisdiction conflict
Bitnomial, under the regulation of the Commodity…
