SEC to review Nasdaq bitcoin options approval after CME challenge
CoinDesk·
60-second summary
The SEC is set to review Nasdaq's approval of bitcoin options, following a challenge by CME. CME argues that bitcoin's commodity status means options tied to its value fall under CFTC jurisdiction, not the SEC's authority. This review could have significant implications for the regulation of cryptocurrency derivatives, potentially affecting market accessibility and investor protection.
CME argues that because bitcoin is a commodity, options tied to its value fall under CFTC jurisdiction, not the SEC's authority.