<ul><li>The SEC has moved to restrict Bitnomial from issuing futures contracts for XRP, alleging it's a security.</li><li>This comes despite a previous court ruling stating that XRP is not a security and the SEC's commitment not to appeal the ruling.</li><li>Bitnomial, a crypto derivatives exchange, filed a lawsuit after the SEC claimed that the XRP futures contract would violate securities laws.</li><li>Bitnomial argues against the SEC's view and states that it can't comply with the legal requirements set by the SEC.</li></ul>

SEC Reaffirms XRP as a Security in New Legal Twist, Defying Previous Court Ruling

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