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Futures
Futures
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NEW
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NEW
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20 USDT
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The U.S. Financial Accounting Standards Board plans to explore classifying some stablecoins as "cash equivalents" by 2026.
Foresight News reports that the U.S. Financial Accounting Standards Board (FASB) plans to explore whether certain stablecoins qualify as “cash equivalents” in 2026 and to study how to account for cryptocurrency transfers (including Wrapped Tokens). This move comes amid the Trump administration’s push for crypto policies and the passage of the Genius Act. FASB Chair Rich Jones stated that the organization has included these crypto projects on its agenda. Previously, in 2023, FASB required companies to use fair value accounting for cryptocurrencies like Ethereum and Bitcoin, but this rule excluded NFTs and certain stablecoins at the time.