As the Trump administration strongly supports cryptocurrency investment, the US Financial Accounting Standards Board will discuss in 2026 whether certain cryptocurrency assets can be recognized as cash equivalents and how to account for cryptocurrency transfers. The FASB establishes accounting standards for US companies and non-profit organizations. Based on public feedback, the agency has added these two cryptocurrency projects to the agenda over the past few months. Among the more than 70 topics that the FASB will consider adding to its agenda and which may eventually spawn new guidelines, these topics are among the first to be included. The committee has said it is expected to make decisions on all of these potentially additional topics before the end of summer. These more than 70 topics stemmed from an “Agenda Comment Request” during which companies, investors, and others submitted letters stating what they wanted the FASB to prioritize. FASB President Rich Jones said, “A lot of people have spent a great deal of time and effort to help us set the agenda.” “I think we will implement this plan in 2026 to fulfill our promises,” he said.

As the Trump administration strongly supports cryptocurrency investment, the US Financial Accounting Standards Board will discuss in 2026 whether certain cryptocurrency assets can be recognized as cash equivalents and how to account for cryptocurrency transfers. The FASB establishes accounting standards for US companies and non-profit organizations. Based on public feedback, the agency has added these two cryptocurrency projects to the agenda over the past few months. Among the more than 70 topics that the FASB will consider adding to its agenda and which may eventually spawn new guidelines, these topics are among the first to be included. The committee has said it is expected to make decisions on all of these potentially additional topics before the end of summer. These more than 70 topics stemmed from an “Agenda Comment Request” during which companies, investors, and others submitted letters stating what they wanted the FASB to prioritize. FASB President Rich Jones said, “A lot of people have spent a great deal of time and effort to help us set the agenda.” “I think we will implement this plan in 2026 to fulfill our promises,” he said.