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 jurisdiction, not the SEC’s authority.
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Summary
- The SEC has frozen Nasdaq’s approval of QBTC bitcoin options to reconsider the decision following a legal challenge from CME Group.
- CME argues that because bitcoin is a commodity, options tied to its value fall under the CFTC’s jurisdiction, not the SEC’s.
- The approval remains suspended while the SEC reviews the dispute, with interested parties invited to submit comments by Aug. 24.
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Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
