CoinDesk·3 min read·hard
SEC to review Nasdaq bitcoin options approval after CME challenge
F
Francisco Rodrigues
✦AI Summary
The SEC has frozen its approval of Nasdaq's bitcoin index options following a legal challenge from the CME Group. The CME argues that the SEC lacks jurisdiction over these products, claiming they should be regulated as commodities under the CFTC.
Back in May, the SEC granted Nasdaq PHLX conditional approval to list cash-settled bitcoin index options under the ticker QBTC. The product still required exemptions from the Commodity Futures Trading Commission (CFTC) before it could launch.
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