SEC keeps Nasdaq bitcoin options on hold after granting CME review
CME is arguing that the contracts are commodity option swaps subject exclusively to the CFTC's oversight rather than the SEC's.
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Fresh in the current trading session. 3 independent sources are tracking the same story.
CME is arguing that the contracts are commodity option swaps subject exclusively to the CFTC's oversight rather than the SEC's.
Why this matters
SEC is showing up inside the Regulation theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
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3 sources
SEC freezes Nasdaq’s Bitcoin options approval as CME wages jurisdictional turf war
The SEC's pause on Nasdaq's Bitcoin options highlights ongoing regulatory challenges, impacting...
SEC to review Nasdaq bitcoin options approval after CME challenge
CME argues that because bitcoin is a commodity, options tied to its value fall under CFTC juris...
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