SEC keeps Nasdaq bitcoin options on hold after granting CME review
The Block·
60-second summary
The SEC is keeping Nasdaq's bitcoin options on hold after granting the CME review, with the exchange arguing that the contracts are commodity option swaps subject exclusively to the CFTC's oversight rather than the SEC's jurisdiction, potentially impacting the regulatory landscape for digital assets and their derivatives, with implications for market participants and investor protection.
CME is arguing that the contracts are commodity option swaps subject exclusively to the CFTC's oversight rather than the SEC's.