Bitnomial will launch XRP futures contracts and drop the lawsuit against the US SEC.

FOX Business reporter Eleanor Terrett posted that crypto derivatives exchange Bitnomial plans to drop its lawsuit against the SEC as the SEC agrees to drop its appeal against Ripple, and the exchange sued the SEC in October last year on the grounds that the agency claims it has jurisdiction over Bitnomial's planned $XRP futures contract. In addition, Bitnomial expects to launch an XRP futures contract tomorrow with the approval of the U.S. Commodity Futures Trading Commission (CFTC).