PANews reported on March 19 that according to Eleanor Terrett, after the U.S. Securities and Exchange Commission (SEC) agreed to withdraw its appeal against Ripple, crypto derivatives exchange Bitnomial plans to withdraw its lawsuit against the SEC. Bitnomial sued the SEC in October last year, with the focus of the dispute being the SEC's claim that it has jurisdiction over the $XRP futures contracts Bitnomial plans to launch. In addition, Bitnomial will officially launch the $XRP futures contracts tomorrow morning and has been approved by the U.S. Commodity Futures Trading Commission (CFTC).