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Breaking: Bitnomial Sues SEC Over XRP Futures, Cites CFTC As Primary Regulator

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Summary
Nutrition label

72% Informative

Bitnomial, a cryptocurrency derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission .

The lawsuit disputes the SEC ’s claim that XRP futures are “security futures,” which would place them under the agency's jurisdiction.

This legal action follows Ripple 's own ongoing battle with the SEC over the classification of XRP .

VR Score

61

Informative language

53

Neutral language

63

Article tone

formal

Language

English

Language complexity

78

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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