SEC to Revisit Nasdaq Bitcoin Options Approval Following CME Jurisdictional Challenge

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The U.S. Securities and Exchange Commission has agreed to review its earlier approval of bitcoin options trading on Nasdaq. The challenge was brought by CME Group, which contends that bitcoin, as a commodity, should fall under the regulatory authority of the Commodity Futures Trading Commission rather than the SEC. The dispute centers on which federal regulator holds jurisdiction over bitcoin-linked options products. The outcome of the review could have significant implications for how bitcoin derivatives are regulated and traded in the United States.

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