The US Securities and Exchange Commission (SEC) has put its review of Nasdaq's proposed bitcoin options on hold. The delay comes after the Commodities Futures Trading Commission (CFTC)-approved exchange group CME argued that these contracts are commodity option swaps, subject to the CFTC's exclusive oversight rather than the SEC's.
Source
"SEC Delays Nasdaq Bitcoin Options Amid Dispute Over Oversight" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
CME's claim suggests a disagreement over regulatory jurisdiction in the growing cryptocurrency derivatives market.
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