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The Block (@TheBlockCo): THE BLOCK: The SEC has kept Nasdaq PHLX's proposed cash-settled bitcoin index options on hold after granting CME Group's petition for review.

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THE BLOCK: The SEC has kept Nasdaq PHLX's proposed cash-settled bitcoin index options on hold after granting CME Group's petition for review. CME argues the contracts fall exclusively under CFTC jurisdiction. Written statements are due Aug. 24.

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