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SEC pauses Nasdaq Bitcoin options after CME challenge
The U.S. Securities and Exchange Commission has temporarily halted Nasdaq’s planned launch of Bitcoin options contracts, following a formal complaint filed by derivatives marketplace operator CME Group. CME Group reportedly argued that Nasdaq’s proposal could disrupt the existing Bitcoin futures and options ecosystem, questioning whether Nasdaq’s product complied with current regulatory standards and market integrity requirements. The SEC will review the submissions before issuing a final decision, which could influence competitive dynamics between major exchanges and shape how new cryptocurrency derivatives reach institutional and retail investors.
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