🚨 **Crypto Clash: Bitnomial vs. SEC Over XRP Futures!** 🚨

- **Lawsuit Filed:** Bitnomial sues the SEC, claiming the agency overstepped by labeling XRP futures as securities.

- **Jurisdiction Battle:** Bitnomial argues that XRP futures fall under the Commodity Futures Trading Commission (CFTC), not the SEC.

- **Regulatory Chaos:** The SEC's interference allegedly doubles the regulatory burden on Bitnomial.

- **Court Ruling Cited:** Bitnomial references a July 2023 ruling stating XRP sales on secondary markets are not securities.

- **Seeking Clarity:** Bitnomial wants a court declaration that XRP futures aren't securities and an injunction against the SEC.

💬 **What do you think? Is the SEC overreaching? Comment below!**