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US President Joe Biden vetoes SAB 121 repeal
1.6.2024
Joe Biden said he vetoed the resolution because "he will not support measures that jeopardize the well-being of consumers and investors."
MicroStrategy Could Merit S&P 500 Inclusion If It Adopts New Accounting Rules: Benchmark
25.4.2024
Crypto to be Measured at Fair Value in US Under New FASB Rules – Here is the Bitcoin (BTC) Price Reacted
13.12.2023
Source: DALL·E US companies that hold crypto will be required to record their tokens at the most up-to-date or “fair value”, according to the first set of crypto accounting rules issued by the US Financial Accounting Standards Board (FASB), and crypto prices are pushing higher as a result. ⚠ CRYPTO...
FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst
7.9.2023
“The change should help MicroStrategy and other companies that hold digital assets to eliminate the poor optics that have been created by impairment losses,” said analysts from Berenberg Capital
Change to US accounting rules will be a boon to companies holding crypto in 2025
6.9.2023
The FASB has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility
Accounting Rules Make the Outcome of Tesla’s Bitcoin Sale Unclear
24.7.2022
After Tesla sold 75% of its bitcoin, Twitter piled on the company for losing money on the sale even though it didn’t
Michael Saylor welcomes FASB vote to review crypto accounting standards
12.5.2022
The FASB is set to review its accounting rules for digital assets, which could see firms no longer be required to report crypto such as BTC as “intangible assets” on their balance sheets
FASB to Review Accounting Rules for Digital Assets Held on Balance Sheets: Report
11.5.2022
A clearer framework for how companies might account for crypto might pave the way greater adoption
Tesla Bitcoin Buy Highlights Need to Fix US Accounting Rules
11.2.2021
Tesla’s much-discussed recent decision to make a USD 1.5bn bitcoin (BTC) purchase continues to generate ripples in the American business pond – and has led some to claim accountancy rules should be updated to cover corporate crypto investments.
Industry observers are calling on the regulatory...