PANews reported on December 31 that the Financial Accounting Standards Board (FASB) plans to study in 2026 whether certain crypto assets can be classified as cashPANews reported on December 31 that the Financial Accounting Standards Board (FASB) plans to study in 2026 whether certain crypto assets can be classified as cash

The U.S. Financial Accounting Standards Board plans to study in 2026 whether crypto assets such as stablecoins can be classified as cash equivalents.

2025/12/31 16:50

PANews reported on December 31 that the Financial Accounting Standards Board (FASB) plans to study in 2026 whether certain crypto assets can be classified as cash equivalents and how to handle the accounting issues related to crypto asset transfers. This decision comes against the backdrop of the Trump administration's push for crypto investment.

The FASB recently included these two crypto projects on its agenda, primarily targeting the accounting treatment of assets such as fiat-pegged stablecoins and "wrapped tokens." Previously, in 2023, the FASB required companies to use fair value accounting for crypto assets such as Bitcoin, but this did not cover NFTs and some stablecoins.

The GENIUS Act, passed by the Trump administration, established a regulatory framework for stablecoins but did not specify whether they could be considered cash equivalents. FASB Chairman Rich Jones stated that clarifying which assets do not meet the criteria for cash equivalents is equally important.

In addition, the FASB plans to explore accounting rules for the transfer of crypto assets to fill gaps in existing standards. Although only a few companies (such as Tesla and Block) currently hold Bitcoin on their balance sheets, demand for stablecoins is expected to increase with the implementation of the GENIUS Act.

These moves demonstrate that the United States is attempting to support the crypto industry by improving accounting standards, while responding to feedback from the industry and the public. The FASB is expected to finalize its agenda priorities by the summer of 2026.

Market Opportunity
Union Logo
Union Price(U)
$0,003068
$0,003068$0,003068
-%0,22
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

North America Sees $2.3T in Crypto

North America Sees $2.3T in Crypto

The post North America Sees $2.3T in Crypto appeared on BitcoinEthereumNews.com. Key Notes North America received $2.3 trillion in crypto value between July 2024 and June 2025, representing 26% of global activity. Tokenized U.S. treasuries saw assets under management (AUM) grow from $2 billion to over $7 billion in the last twelve months. U.S.-listed Bitcoin ETFs now account for over $120 billion in AUM, signaling strong institutional demand for the asset. . North America has established itself as a major center for cryptocurrency activity, with significant transaction volumes recorded over the past year. The region’s growth highlights an increasing institutional and retail interest in digital assets, particularly within the United States. According to a new report from blockchain analytics firm Chainalysis published on September 17, North America received $2.3 trillion in cryptocurrency value between July 2024 and June 2025. This volume represents 26% of all global transaction activity during that period. The report suggests this activity was influenced by a more favorable regulatory outlook and institutional trading strategies. A peak in monthly value was recorded in December 2024, when an estimated $244 billion was transferred in a single month. ETFs and Tokenization Drive Adoption The rise of spot Bitcoin BTC $115 760 24h volatility: 0.5% Market cap: $2.30 T Vol. 24h: $43.60 B ETFs has been a significant factor in the market’s expansion. U.S.-listed Bitcoin ETFs now hold over $120 billion in assets under management (AUM), making up a large portion of the roughly $180 billion held globally. The strong demand is reflected in a recent resumption of inflows, although the products are not without their detractors, with author Robert Kiyosaki calling ETFs “for losers.” The market for tokenized real-world assets also saw notable growth. While funds holding tokenized U.S. treasuries expanded their AUM from approximately $2 billion to more than $7 billion, the trend is expanding into other asset classes.…
Share
BitcoinEthereumNews2025/09/18 02:07
What Happened With Bitcoin This Year? 2025 BTC Roundup

What Happened With Bitcoin This Year? 2025 BTC Roundup

Here’s how Bitcoin reached new highs this year, gained state support, saw record ETF inflows and ended with a heavy October crash. 2025 has now become a year few
Share
LiveBitcoinNews2025/12/31 18:30
Fed cuts interest rates for first time in 2025

Fed cuts interest rates for first time in 2025

The Federal Reserve has followed through with its widely expected decision, cutting rates by 25 basis points and leaving the door open for more cuts. The Federal Reserve’s widely anticipated decision came on Wednesday, September 17. The Federal Open Market…
Share
Crypto.news2025/09/18 02:20