XRP’s Resurgence and the Dawn of Regulated Futures

The cryptocurrency landscape is witnessing a significant development with Bitnomial, a crypto futures exchange, launching its US XRP futures.

Cryptocurrency news today: Bitnomial has launched its US XRP futures, following the dismissal of its lawsuit against the SEC and the agency’s resolution with Ripple.

The Commodities Futures Trading Commission (CFTC) has approved the launch of US XRP futures by crypto futures exchange Bitnomial, according to an announcement.

This move follows the Securities and Exchange Commission’s (SEC) dismissal of its lawsuit against Bitnomial and the agency’s resolution with Ripple. The development also marks a new era for XRP in the US market, with CFTC-regulated futures providing a level of legitimacy and accessibility that is expected to attract increased institutional adoption and enhance market liquidity.

However, it’s crucial to acknowledge the challenges and considerations that remain. Despite the positive developments surrounding XRP, the digital asset still faces market volatility and regulatory uncertainty.

The expansion of crypto investment options continues with asset manager Volatility Shares set to launch the first-ever US futures Solana ETFs on Thursday.

In other news, the SEC’s case dismissal against Bitnomial and its lawsuit against the agency are closely linked to the agency’s resolution with Ripple. The SEC sued Ripple in 2020 for allegedly selling unregistered securities to raise $7.14bn from 2013 to 2020.

The case was dismissed last week after both parties reached a settlement that saw no admission of wrongdoing by either party. The SEC also agreed to cooperate with Intergovernmental Center for Interoperability Best Practices (GIICP) to create regulatory guidance for the crypto industry.

The move is expected to bring the US into alignment with other major jurisdictions and promote innovation in the digital asset sector.

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