Get Ready for XRP Futures: The SEC’s Gone Fishing! 🎣💰

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Hold onto your wallets, folks! Bitnomial is about to launch the first-ever XRP futures contract in the US tomorrow! 🎉 And guess what? The SEC just decided to drop its lawsuit against Ripple like a hot potato! 🥔

In a shocking twist, Bitnomial also decided to drop its own lawsuit against the SEC. It’s like a courtroom soap opera, but with fewer dramatic pauses and more crypto! 💼💥 An XRP futures contract could be the golden ticket to getting that elusive spot ETF approved. Who knew futures could be so… futuristic? 🚀

XRP Futures Contract For US Institutional Traders: The Future is Now! 🕶️

Since the SEC threw in the towel this morning, XRP’s price is doing the cha-cha! 💃 This landmark case has implications that could shake the entire crypto industry like a maraca at a fiesta! 🎊

And just like that, Bitnomial announces its XRP futures contract launch. Talk about timing! ⏰

“Bitnomial is launching the first-ever CFTC-regulated XRP futures in the US — physically settled for real market impact. Plus, we’ve voluntarily dismissed our case against the SEC as regulatory clarity improves. Current clients have access to XRP futures on March 20, 2025. Prospective clients can onboard with one of our FCM partners,” the firm claimed. Sounds like a party, right? 🎈

XRP futures are like a crystal ball for traders, allowing them to bet on or hedge against future price movements of the altcoin. It’s like playing poker, but with more spreadsheets and fewer sunglasses! 🕶️📈

Bitnomial tried to launch an XRP futures contract in 2024, but the SEC played the role of the villain, claiming these contracts were securities. Cue the dramatic music! 🎶 But now, they’re dropping the lawsuit and launching through Botanical, a CFTC-regulated exchange. No SEC drama required! 🎭

“Crypto derivatives exchange Bitnomial plans to drop its own lawsuit against Wall Street’s top cop after suing the agency in October over its claim that it had jurisdiction over Bitnomial’s planned XRP futures contract,” wrote Eleanor Terrett. Sounds like a plot twist worthy of a Hollywood blockbuster! 🎬

In other words, this is a massive win for the XRP community! The SEC is hinting it might let the CFTC take the wheel on more crypto products. Buckle up, it’s going to be a bumpy ride! 🚗💨

If the SEC keeps passing crypto-related products to its sibling agency, we might be in for a bullish trend that’ll make bulls everywhere stampede! 🐂💨

And let’s not forget, this futures contract could boost XRP ETF approval odds! The SEC has been playing hard to get with several applications, but this could change the game! 🎲

Brad Garlinghouse, CEO of Ripple, recently spilled the beans in an interview about the SEC case and other juicy topics. He confirmed that Ripple can’t overturn a previous ruling, but he’s still in the ring fighting for the right to sell XRP to institutional investors. Talk about a heavyweight match! 🥊

Garlinghouse is confident that an XRP ETF is on the horizon. He didn’t comment on Bitnomial’s XRP futures contract, but he’s got other factors up his sleeve! 🎩

“I have immense confidence on the ETF. I think there’s 11 different filings pending with the SEC to launch ETFs. I think those will be live in the second half of this year,” Garlinghouse claimed. Sounds like a countdown to a crypto explosion! 💥

So, in a nutshell, things are looking peachy for Ripple supporters! The SEC lawsuit is over, and Bitnomial’s new XRP futures contract might just pave the way for that shiny ETF we’ve all been dreaming of! 🌟

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2025-03-19 21:41