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Bitnomial Suit Highlights Crypto Turf War Between SEC, CFTC

By Tonya Evans ( October 31, 2024, 3:42 PM EDT) -- Bitnomial Exchange LLC's lawsuit[1] against the U.S. Securities and Exchange Commission, filed on Oct. 10 in the U.S. District Court for the Northern District of Illinois, signals a major shift as digital asset exchanges push back against regulatory overreach. Bitnomial is seeking a declaratory judgment to challenge the SEC's expansive jurisdiction over digital assets, fighting for clear and legally sound rules that foster innovation rather than stifle it....

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