Bitnomial plans to drop SEC lawsuit over XRP futures launch

In the wake of the US Securities and Exchange Commission (SEC) dropping its appeal against Ripple, crypto derivatives exchange Bitnomial has announced plans to drop its lawsuit against the SEC over the launch of XRP futures, former Fox Business reporter Eleanor Terrett told X. Bitnomial is set to launch XRP futures contracts tomorrow (20th local time) after receiving approval from the Commodity Futures Trading Commission (CFTC). Last year, shortly after announcing the launch of an XRP futures product, Bitnomial filed a lawsuit against the agency after the SEC warned that the launch could violate securities laws.