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FASB Says Crypto Assets Should Be Marked at Current Values

The U.S. standard-setting organization for accounting has moved to insist companies use “fair-value” accounting to report their crypto holdings.

The Financial Accounting Standards Board is issuing the first crypto-specific accounting standard for companies with digital assets. (Krisanapong Detraphiphat/Getty Images)
The Financial Accounting Standards Board is issuing the first crypto-specific accounting standard for companies with digital assets. (Krisanapong Detraphiphat/Getty Images)