US Accounting Rule Changes in 2025 Will Benefit Companies Holding Crypto

The Financial Accounting Standards Board (FASB) has approved new regulations for accounting the fair value of companies’ cryptocurrency assets, as reported by various media outlets. These regulations are set to come into effect in 2025.

The FASB, which establishes accounting and reporting standards for organizations adhering to U.S. Generally Accepted Accounting Principles (GAAP), had previously solicited feedback on proposed amendments to the FASB Accounting Standards Codification in March.

This marks a significant step in standardizing how cryptocurrency holdings are reported in financial statements.