Accounting

Members of U.S. Congress Resist SEC’s Controversial Accounting Bulletin SAB 121

Members of U.S. Congress Resist SEC’s Controversial Accounting Bulletin SAB 121

Wyatt NewsonFeb 2, 20243 min read

U.S. Congress Members Introduce Bipartisan Legislation to Challenge SEC’s SAB 121 U.S. Congress Members, including Senator Cynthia Lummis, Representative Wiley Nickel, and Mike Flood, have introduced…

Bipartisan Legislators Push for Reversal of SEC’s Cryptocurrency Accounting Policy

Bipartisan Legislators Push for Reversal of SEC’s Cryptocurrency Accounting Policy

Demian CrypterFeb 2, 20243 min read

Bipartisan U.S. Lawmakers Seek to Overturn SEC Crypto Custodian Rule A group of bipartisan U.S. lawmakers are aiming to repeal a Securities and Exchange Commission (SEC)…

Report: Over $24.2 Billion Sent to Illicit Cryptocurrency Addresses in 2023

Report: Over $24.2 Billion Sent to Illicit Cryptocurrency Addresses in 2023

Cindy DuttaJan 18, 20243 min read

Billions of Dollars Sent to Illicit Crypto Wallets A recent report by crypto research firm Chainalysis revealed that approximately $24.2 billion worth of cryptocurrency was sent…

Enhancing Transparency for Crypto Holders: TrueUSD (TUSD) Collaborates with a Leading Accounting Firm

Enhancing Transparency for Crypto Holders: TrueUSD (TUSD) Collaborates with a Leading Accounting Firm

Gapster InnesDec 25, 20233 min read

TrueUSD Enhances Transparency through Partnership with MooreHK TrueUSD, a leading stablecoin, is taking steps to improve transparency by collaborating with Moore Hong Kong (MooreHK), an esteemed…

New US FASB Crypto Regulation Allows Companies to Utilize Fair-Value Accounting

New US FASB Crypto Regulation Allows Companies to Utilize Fair-Value Accounting

Cyrus DaileyDec 14, 20233 min read

US Accounting Standards Board Sets New Rules for Crypto Assets The US Financial Accounting Standards Board (FASB) has recently revised its rules pertaining to the accounting…

Implications of the Newest U.S. Cryptocurrency Accounting Regulations for Corporations like MicroStrategy and Tesla With Bitcoin Assets

Implications of the Newest U.S. Cryptocurrency Accounting Regulations for Corporations like MicroStrategy and Tesla With Bitcoin Assets

Ethan GloberDec 14, 20232 min read

Changing Accounting Standards for Cryptocurrencies Companies holding cryptocurrencies such as Bitcoin or Ethereum could soon see a shift in accounting practices (Financial Accounting Standards Board) has…

New Accounting Standards for Crypto Assets: FASB’s Finalized Guidelines

New Accounting Standards for Crypto Assets: FASB’s Finalized Guidelines

Blount CharlestonDec 14, 20233 min read

The Financial Accounting Standards Board (FASB) Addresses Complexity of Accounting for Crypto Assets The Financial Accounting Standards Board (FASB) has taken a significant step in addressing…

Introducing FASB’s New Accounting Guidelines for Crypto Treatment

Introducing FASB’s New Accounting Guidelines for Crypto Treatment

Bernard NicolaiDec 13, 20232 min read

FASB Introduces New Rules for Measuring Crypto Assets In a significant move impacting companies holding cryptocurrencies, the Financial Accounting Standards Board (FASB) has introduced new rules…

FASB Confirms Implementation of Fair Value Accounting for Cryptocurrency by 2024

FASB Confirms Implementation of Fair Value Accounting for Cryptocurrency by 2024

Owen PatterDec 13, 20233 min read

FASB Adopts Fair Value Accounting for Crypto Assets The Financial Accounting Services Board (FASB) has officially announced its adoption of fair value accounting for crypto assets,…

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