BBX: SEC's postponement of the tokenization stock exemption framework puts pressure on Coinbase and Robinhood; Nasdaq conditionally approves Bitcoin Index Options QBTC

BBX News: On May 22-23, the SEC indefinitely postponed the tokenized stock innovation exemption framework, causing BTC to fall to $74344 over the weekend and $917 million in futures liquidation. Expectations for Coinbase and Robinhood product expansion were hit; On May 25th, Nasdaq received conditional approval from the SEC for QBTC cash settled Bitcoin index options (European, CME CF real-time index), providing institutions with flexible BTC exposure management tools. Core points: —Coinbase（NASDAQ: COIN）/ Robinhood（NASDAQ: HOOD）： SEC The indefinite postponement of the tokenized stock exemption framework (May 22-23) directly impacts the strategic expectations of both "Everything Exchange" companies; BTC fell to $74344 (a new low for the month), with $917 million cleared; The framework has been postponed without cancellation, and the restart schedule has not been disclosed. Nasdaq (NASDAQ: NDAQ): On May 25th, it was conditionally approved by the SEC to list QBTC (cash settled Bitcoin index options, European, CME CF real-time index, all US dollar settlement, no physical delivery); Nasdaq expands its Bitcoin derivative product line further; The specific listing date will be determined after meeting the final conditions of the SEC. Source: bbx.com