FASB to Whittle Through Agenda ‘Fairly Quickly’ and Issue Consult Document Again Next Year, Chair Says
The FASB plans to complete most of the projects on its technical agenda in the next 18 months and may …
FASB Proposes Accounting Rules for Measuring, Presenting and Disclosing Crypto Assets
The FASB on March 23, 2023, issued a proposal to provide accounting and disclosure rules for certain types of crypto …
FASB Revises Rule Issuance Plans for First Quarter: Two New Accounting Standards, Two Proposals to Come
The FASB revised its first quarter plans and will now issue two new accounting standards and two proposals by the …
Testing Howey: With Congress Stalled, the SEC Stakes its Expanding Crypto Enforcement on a Nearly Eight-Decade-Old Test
The SEC under Chair Gary Gensler is ramping up its enforcement campaign against the cryptocurrency industry, making good on his …
FASB Crypto Proposal Coming by End of March amid Slight Sector Rebound from Lows
The FASB on Feb. 1, 2023, said the public will get 75 days to comment on a proposal on accounting …
AICPA Digital Asset Reporting Guide Punts on Lending Transactions
A working group of the AICPA—which develops a practice aid related to crypto accounting—decided not to directly address a recent …
Senate Democrats Push for PCAOB Inspection of Audits of Crypto Firms Acting as Broker-Dealers
Two Senate Democrats on Jan. 25, 2023, pressed PCAOB Chair Erica Williams on whether the board will inspect auditors of …
Refresher: Infrastructure and Investment Jobs Act’s Crypto Reporting Requirements
This article is in collaboration with Ledgible. Crypto reporting requirements under the Infrastructure and Investment Jobs Act (PL 117-58), enacted November …
Senate Agriculture Chair Downplays CFTC-Focus of Crypto Bill
Senate Agriculture Committee Chair Debbie Stabenow on Dec. 1, 2022, pushed back against critics who warn her proposed cryptocurrency framework …
Wyden Presses Crypto Exchanges on Customer Protection
In the wake of a high-profile cryptocurrency exchange’s fall from grace, the Senate’s top tax writer is seeking answers from …