The Financial Accounting Standards Board (FASB) has implemented its Fair Value accounting rule for crypto, effective Dec. 15, 2024.
Under the new rule, companies must measure their crypto holdings at fair value and update these valuations in every reporting period.
The rule applies only to fungible digital assets such as Bitcoin and Ethereum, excluding nonfungible tokens (NFTs).
This regulatory progress is expected to enhance transparency, drive institutional adoption, and provide stakeholders with better insights into the financial health of companies.