The U.S. Securities and Exchange Commission has paused its review of a proposal from Nasdaq PHLX for cash-settled Bitcoin index options, according to The Block, in a brief update cited by ChainCatcher. The move came after the SEC approved a petition for review filed by CME Group. The source text did not provide additional details on the review timeline, next procedural steps, or any expected decision date. No further terms of the proposal were disclosed in the item. The update centers on the procedural change itself: a temporary halt in the SEC’s consideration of the Nasdaq PHLX filing following approval of CME Group’s review request. ChainCatcher published the item under its policy and regulation category.
The U.S. Securities and Exchange Commission has paused its consideration of a Nasdaq PHLX proposal for cash-settled Bitcoin index options after approving a petition for review from CME Group, according to The Block in a brief item cited by ChainCatcher.
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