FASB considers expanding crypto accounting standards, potentially clarifying transfers and scope for digital assets. The US Financial Accounting Standards Board (FASB) is discussing a major move. It is considering adding “accounting for crypto asset transfers” to its technical agenda. This discussion involves the potential expansion of its crypto accounting standards from 2023. In addition, it […] The post Crypto News: US Accounting Board Considers Expanding Crypto Standards appeared first on Live Bitcoin News.FASB considers expanding crypto accounting standards, potentially clarifying transfers and scope for digital assets. The US Financial Accounting Standards Board (FASB) is discussing a major move. It is considering adding “accounting for crypto asset transfers” to its technical agenda. This discussion involves the potential expansion of its crypto accounting standards from 2023. In addition, it […] The post Crypto News: US Accounting Board Considers Expanding Crypto Standards appeared first on Live Bitcoin News.

Crypto News: US Accounting Board Considers Expanding Crypto Standards

2025/11/14 19:45

FASB considers expanding crypto accounting standards, potentially clarifying transfers and scope for digital assets.

The US Financial Accounting Standards Board (FASB) is discussing a major move. It is considering adding “accounting for crypto asset transfers” to its technical agenda. This discussion involves the potential expansion of its crypto accounting standards from 2023. In addition, it intends to explain the guidance on derecognition of crypto asset transfers, or both.

FASB to Tackle Crypto Transfer Reporting Amid Evolving Standards

According to Bloomberg, the US accounting standard-setter will debate this topic on Wednesday. They will discuss how companies should disclose their transfer of cryptocurrencies in their financial reports. This decision potentially has a huge effect on corporate financial disclosures.

Related Reading: Prediction Platform Polymarket Relaunches in U.S. After CFTC Fine | Live Bitcoin News

The Financial Accounting Standards Board is, of course, to concentrate on taking up a project to its technical agenda. This project has to do with accounting for crypto asset transfers. The board will discuss potential routes for this initiative. These include broadening the scope of its landmark 2023 rules. Clarifying of guidance for crypto asset transfers in the form of derecognition is also an option. They could also work on both at the same time.

This upcoming meeting is weeks after FASB added a separate technical project. That project is meant to clarify whether some digital assets, including stablecoins, may count as cash. This illustrates more of a push to create clarity of digital asset accounting.

The U.S Financial Accounting Standards Board (FASB) is actually considering widening its cryptocurrency accounting standards. This is after a fair value accounting standard was implemented for some crypto assets in 2025. The FASB is now on schedule to discuss “accounting for crypto asset transfers” at the meeting it plans to hold on November 19, 2025.

Current crypto accounting rules now comprise fair value accounting. A new standard, ASU 2023-08, went into effect for calendar year companies on January 1, 2025. It requires that certain crypto assets be recorded at fair value during every reporting period. Changes are then identified in net income. This is a replacement for the older “cost-less-impairment” model. That model only permitted write-downs, which were less dynamic.

Potential Expansions and Future Classifications for Digital Assets

The scope of the current rule applies to fungible crypto assets. These are not formed or issued by the reporting entity. This includes Bitcoin or Ethereum, to name a few. However, it specifically does not include items such as stablecoins, wrapped tokens, and non-fungible tokens (NFTs). In-scope crypto assets are nevertheless considered intangible assets.

Future expansions can cover transfers of crypto assets. The FASB will consider new guidance regarding the derecognition of crypto assets. This is an attempt to explain how companies record these transfers. Accounting firms and companies dealing with digital assets have also called for an expanded scope. They are hoping the FASB will include other types of crypto assets. Stablecoins are an important example of such requests.

In August 2025, the FASB included a research project. This project focuses on exploring the idea that cash equivalents include certain digital assets. This was encouraged by a call from the White House for clarity. This suggests a growing awareness of the importance of digital assets. It also infers the importance of correct accounting treatment in financial reporting. The decisions made by FASB will have a significant impact on how companies interact with and report on cryptocurrencies in the future.

The post Crypto News: US Accounting Board Considers Expanding Crypto Standards appeared first on Live Bitcoin News.

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