FASB - Financial Accounting Standards Board of the United States.
https://news.bloomberglaw.com/business-and-practice/long-awaited-bitcoin-accounting-rules-to-capture-rises-dips"Fair value accounting rules kick in starting 2025
Wrapped tokens excluded from final rules
Crypto companies and other businesses with significant holdings of digital currencies will get long-awaited accounting rules to measure the value of the Bitcoin, Ethereum, and other crypto in their coffers, US accounting standard-setters unanimously voted Wednesday.
Under new rules expected to be published by year end, companies that hold or invest in cryptocurrency will be required to report their holdings at fair value, a measurement that aims to capture the most up-to-date value of an asset—including rebounds in value after prices dip. While the new standard will inject volatility into the earnings of companies that are heavily invested in crypto, the ability to record recoveries will be an improvement over the current practice, companies and accountants have told the Financial Accounting Standards Board for months."
