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SEC Staff Grants No-Action Relief for Digital Asset Custody - The National Law Review

Detected August 30, 2026 · in Crypto & DeFi Tax Reporting

SEC staff granted no-action relief for digital asset custody, potentially easing compliance burdens for crypto custodians and related tax reporting.

Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on August 30, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. Crypto exchanges/brokers, accounting firms, DeFi protocols, and high-volume traders involved in digital asset custody. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Not specified in the provided text.. 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

SEC staff indicated they will not recommend enforcement action under certain conditions for digital asset custody, which may affect how custody is handled and reported.

Who it affects

Crypto exchanges/brokers, accounting firms, DeFi protocols, and high-volume traders involved in digital asset custody.

What you must do

Review the specific conditions of the no-action relief to determine if your custody practices qualify and adjust compliance procedures accordingly.

Deadline

Not specified in the provided text.

Source: https://news.google.com/rss/articles/CBMilwFBVV95cUxQWTl5MUdCd1pvZmg2YXBOUGgya19TbkJ4RWZMWlAxWXRLQzU3RW1PaWs2SUtrUGxBcXNlQmpPOTRqOEQ5bHdrWExsSVFwMUFlaGZDMFVMTzdSeDBMZnpCZHpsU2gyYnRVVWhnbjllNkZjMmVXZVNKdEJlLXFmUm50S1FrbTBhRmZrd0oxLUltLVc3WW0yN0hZ0gGXAUFVX3lxTFBZOXkxR0J3Wm9maDZhcE5QaDJrX1NuQnhFZkxaUDFZdEtDNTdFbU9pazZJS2tQbEFxc2VCak85NGo4RDlsd2tYTGxJUXAxQWVoZkMwVUxPN1J4MExmekJkemxTaDJidFVVaGduOWU2RmMyZVdlU0p0QmUtcWZSbnRLUWttMGFGZmt3SjEtSW0tVzdZbTI3SFk?oc=5

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