XRP News: Bitnomial Launches XRP Futures in U.S. Following SEC’s Drop of Ripple Case

In a significant development for the cryptocurrency market, Bitnomial has officially launched XRP futures contracts in the United States. This move comes after the U.S. Securities and Exchange Commission (SEC) dropped its appeal in the long-running case against Ripple, paving the way for a potential resurgence in XRP’s fortunes.

Bitnomial Launches First XRP Futures in U.S. After SEC Drops Ripple Case

Crypto derivatives exchange Bitnomial has officially launched its XRP futures contract following the latest developments in the Ripple case. On March 19, 2025, Ripple CEO Brad Garlinghouse announced that the U.S. Securities and Exchange Commission (SEC) had dropped its appeal in the regulator’s case against Ripple. Shortly after, Bitnomial said it was dropping its own case against the SEC and revealed the launch of its XRP futures contract, the product that was at the center of the lawsuit against the then Gary Gensler-led SEC. With the SEC now under new leadership and a pro-crypto stance under President Donald Trump, Bitnomial is moving forward with its product rollout.

XRP Price Surges Past $2.50 as SEC Drops Ripple Lawsuit

The long-anticipated decision pushed XRP beyond the critical $2.50 resistance level, fueling investor Optimism about the cryptocurrency’s future. Ripple CEO Brad Garlinghouse announced that the SEC has dropped its lawsuit against Ripple, ending a four-year legal battle. The XRP lawsuit was brought about in December 2020 following the SEC’s accusation of Ripple selling XRP as an unregistered security. However, in a historical ruling in July 2023, U.S. District Judge Analisa Torres held that XRP was not a security when sold to retail investors on public exchanges, despite the possibility of it being so when sold to institutions directly.

Bitnomial to Launch CFTC-Approved XRP Futures on March 20

Bitnomial will launch its CFTC-approved XRP futures contracts on March 20 and has withdrawn its lawsuit against the US Securities and Exchange Commission (SEC). The decision to withdraw the lawsuit was influenced by the SEC’s move to drop legal action against Ripple. The contracts will be physically settled, providing a new regulated trading instrument for institutional and retail investors. Bitnomial clients will have immediate access to XRP futures at launch, while prospective clients can onboard through Futures Commission Merchant (FCM) partners such as R.J. O’Brien and Associates, Marex Capital Markets, and Bitnomial Clearing.

Introducing $PHNIX: A Memecoin with Potential Growth on XRPL

Launched on the XRPL blockchain, $PHNIX is a memecoin project supported by the XRP community. Despite facing obstacles, including a prolonged lawsuit with the SEC, the community remained steadfast. With a recent victory in the lawsuit, XRP’s price surged, creating a promising environment for $PHNIX’s proliferation.