The US Securities and Exchange Commission (SEC) has faced a second dispute this week. On Thursday, Chicago-based digital asset derivatives exchange Bitnomial said it had brought a lawsuit against the SEC over its claims that XRP futures are “security futures” under its jurisdiction.

Crypto derivatives trading platform Bitnomial filed a lawsuit against the US SEC in the Illinois district court.

Bitnomial sued SEC over regulator's continyed claim that XRP is a security, just days after SEC filed notice of appeal in matter

Bitnomial, a digital asset derivatives exchange, has filed a lawsuit against the US SEC over its attempt to assert jurisdiction over the planned XRP Futures contract. It claims that this product is regulated by the CFTC and not the SEC.