FASB Approves New Crypto Accounting Rules, Paving Way for Wider Corporate Adoption
-
FASB approved mark to market accounting for crypto assets held by companies like Microstrategy and Tesla.
-
Prior rules forced companies to declare losses when crypto prices fell but not gains when prices rose.
-
New rule puts crypto in separate digital asset category where gains/losses are marked to market.
-
Rule change in 2025 but companies can adopt early; has big implications for corporate crypto adoption.
-
Expected SEC approval of Bitcoin spot ETF plus accounting change could substantially grow crypto market cap.
![](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2023-10/63b9c1ff-d116-4b6e-9c15-8f4678095da8.jpg)