As the Trump administration strongly endorses cryptocurrency investments, the Financial Accounting Standards Board (FASB) will deliberate in 2026 on whether certain crypto assets can be classified as cash equivalents and how to account for cryptocurrency transfers. The FASB establishes accounting standards for U.S. companies and non-profit organizations. Based on public feedback, the board added these two cryptocurrency projects to its agenda over the past few months. Among the more than 70 topics the FASB is considering for its agenda—which could ultimately lead to new standards—these issues are among the first to be included. The board has indicated it expects to make decisions on all potential additions by the end of the summer. These 70-plus topics originated from an "agenda request" process, during which companies, investors, and other stakeholders submitted letters outlining their priorities for FASB. FASB Chair Rich Jones stated, "Many people have invested significant time and effort to help us shape our agenda." He added, "I believe we are on track to implement this plan in 2026 and fulfill our commitment."
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FASB to Address Cryptocurrency Accounting Matters in 2026
Deep News2025-12-30
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