# SEC Reopens Nasdaq Bitcoin Options Approval as CME Argues the Contracts Belong to the CFTC

The challenge revives the unresolved question of whether bitcoin is a commodity or a security, and which regulator controls the fast-growing market for crypto derivatives.

- Published: 2026-08-02T05:31:41.327Z
- Canonical: https://polylog.news/crypto/2026-08-02/sec-reopens-nasdaq-bitcoin-options-approval-as-cme-argues-th
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/08/01/sec-to-review-nasdaq-bitcoin-options-approval-after-cme-challenge), [Bitcoin Magazine](https://bitcoinmagazine.com/news/clarity-act-should-pass-says-coinbase)

The U.S. Securities and Exchange Commission (SEC) will review its approval of bitcoin options on Nasdaq after a challenge from CME Group, the derivatives exchange operator. CME's argument is about jurisdiction. Because bitcoin is a commodit…

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