SECVendor / TPRMMay 29, 2026

SEC Grants Paxos Temporary Registration as a Clearing Agency

The SEC has granted Paxos Securities Settlement Company, LLC temporary registration as a clearing agency under the Securities Exchange Act of 1934, marking a significant step toward blockchain-based securities settlement entering the regulated clearing infrastructure. While the official summary is limited, this signals the SEC is willing to bring crypto-native settlement firms into the traditional regulatory perimeter. Compliance officers at broker-dealers, crypto custodians, and exchanges should note this development as it may affect counterparty risk assessments and future settlement obligations.

What to do

Review your counterparty and vendor risk framework to assess whether Paxos or blockchain-based settlement services are in scope, and monitor the terms of the temporary registration for compliance obligations that may flow to participants.

Who this affects

Broker-Dealer / RIACrypto ExchangeCrypto CustodianTrust Company

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

Related developments

SEC

SEC Reviews Approval of Nasdaq Bitcoin Index Options Listing

The SEC has granted a petition for review of the order that approved Nasdaq PHLX's Bitcoin Index Options listing, meaning the Commission will take a closer look at whether the product was appropriately approved. This signals continued regulatory scrutiny of crypto-linked derivatives and could affect the availability or structure of Bitcoin options products that broker-dealers and exchanges offer to clients.

SEC

SEC Approves Cboe Rule Change for Commodity-Based Trust Shares

The SEC has granted accelerated approval to a Cboe BZX Exchange rule change amending its standards for Commodity-Based Trust Shares, a category that encompasses crypto asset ETPs such as Bitcoin and Ether trusts. Compliance officers at firms listing, trading, or custodying such products should monitor how updated exchange listing rules may affect product eligibility and ongoing compliance obligations.

SEC

SEC Approves Options Listing Rules for Multi-Crypto Asset Trust Products

The SEC has granted accelerated approval to MEMX LLC's rule change establishing listing criteria and withdrawal standards for options on commodity-based trusts that hold multiple crypto assets. This signals continued regulatory acceptance of listed derivatives tied to diversified crypto asset products. Broker-dealers and exchanges offering or planning to offer crypto-linked options products should take note of the new listing and delisting standards.

SEC

NYSE Arca Raises Position and Exercise Limits for Bitcoin ETF Options

NYSE Arca filed and immediately put into effect a rule change increasing the position and exercise limits for options on the iShares Bitcoin Trust ETF. Higher limits expand the size of positions market participants can hold or exercise, which may affect market risk and hedging activity around Bitcoin ETF products. Broker-dealers and trading desks active in crypto-linked derivatives should review their risk and compliance frameworks accordingly.

Stay ahead of every rule change

PliOS monitors FinCEN, OCC, OFAC, the SEC and CFTC and tells you which of your policies each new rule affects — with the edit already drafted. Start free.

Run My Free Assessment