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Paxos Securities Settlement Company, LLC; Order Granting an Application for Temporary Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934

Detected July 5, 2026 · in Crypto & DeFi Tax Reporting

Paxos Securities Settlement Company received temporary registration as a clearing agency under the Securities Exchange Act of 1934, signaling SEC oversight of crypto settlement and potential new reporting requirements for digital asset transactions.

Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on July 5, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. Crypto exchanges/brokers, DeFi protocols, high-volume traders, accounting firms should confirm how it applies to their specific situation before acting. There is a time constraint attached: Within 30 days to review and adjust compliance procedures; ongoing monitoring for SEC guidance.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Crypto & DeFi Tax Reporting continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.

What changed

Paxos is now a registered clearing agency, which may require businesses using Paxos for settlement to comply with SEC rules, including transaction reporting and recordkeeping.

Who it affects

Crypto exchanges/brokers, DeFi protocols, high-volume traders, accounting firms

What you must do

Review any agreements or dependencies on Paxos for settlement services; assess whether new reporting obligations apply to your transactions cleared through Paxos.

Deadline

Within 30 days to review and adjust compliance procedures; ongoing monitoring for SEC guidance.

Source: https://www.federalregister.gov/documents/2026/05/29/2026-10808/paxos-securities-settlement-company-llc-order-granting-an-application-for-temporary-registration-as

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