According to FOX Business reporter Eleanor Terrett, with the SEC agreeing to drop its appeal against Ripple, crypto derivatives exchange Bitnomial plans to drop its lawsuit against the SEC. The exchange sued the SEC in October last year, citing the agency's claims that it has jurisdiction over the $XRP futures contract in Bitnomial's plan. In addition, Bitnomial is expected to launch an XRP futures contract tomorrow with the approval of the US Commodity Futures Trading Commission (CFTC).