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 exchange Bitnomial has sued the United States Securities and Exchange Commission over the agency’s attempt to “overextend its jurisdiction” to crypto derivatives. In the lawsuit filed on October 10,

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

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.