Self-Regulatory Organizations; MEMX LLC; Notice of Filing of a Proposed Rule Change To Amend Rules 19.3 and 19.4 To Establish Listing Criteria and Withdrawal Standards for Options on Commodity-Based Trusts That Hold Multiple Crypto Assets
MEMX LLC proposes to list options on commodity-based trusts holding multiple crypto assets, establishing listing criteria and withdrawal standards. This expands regulated crypto options trading, impacting tax reporting and compliance for brokers and traders.
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, accounting firms, high-volume traders should confirm how it applies to their specific situation before acting. There is a time constraint attached: Comments due within 21 days of publication in Federal Register (June 9, 2026).. 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
MEMX proposes new rules for listing and withdrawing options on multi-crypto commodity trusts, potentially increasing availability of regulated crypto options.
Who it affects
Crypto exchanges/brokers, accounting firms, high-volume traders
What you must do
Review proposed rules and assess impact on tax reporting obligations (e.g., 1099-DA, cost basis) for options trading. Prepare for potential IRS guidance on these products.
Deadline
Comments due within 21 days of publication in Federal Register (June 9, 2026).
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