TechFlow News — On March 21, according to PRNewswire, Bitnomial announced the launch of XRP US Dollar Myra (XRUY) futures, the first XRP futures product in the United States regulated by the Commodity Futures Trading Commission (CFTC). The product features a physically settled mechanism, ensuring actual delivery of XRP upon contract settlement, distinguishing it from cash-settled alternatives.
Meanwhile, Bitnomial Exchange yesterday filed a notice of voluntary dismissal of its lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit, initiated in October 2024, centered on whether Bitnomial’s XRP futures contracts qualify as securities-based swap contracts. Bitnomial stated it welcomes the SEC’s evolving stance on cryptocurrency policy, which provides greater clarity regarding the securities status of XRP.
