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Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Nasdaq Bitcoin Index Options

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

Nasdaq PHLX LLC received accelerated approval to list and trade Nasdaq Bitcoin Index Options, expanding regulated crypto derivatives. This may affect tax reporting for options transactions and require updates to cost basis tracking.

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 Low 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: No immediate deadline; product launch expected in coming months.. 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

New regulated Bitcoin index options product approved for listing and trading on Nasdaq PHLX.

Who it affects

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

What you must do

Monitor for IRS guidance on tax treatment of Bitcoin index options; update reporting systems if needed.

Deadline

No immediate deadline; product launch expected in coming months.

Source: https://www.federalregister.gov/documents/2026/05/28/2026-10537/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-filing-of-amendment-no-1-and-order-granting

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