FASB adopts new standard for the accounting and disclosure of crypto assets

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to address the accounting for and disclosure of crypto assets. The ASU’s amendments improved the accounting for certain crypto assets by requiring entities to measure them at fair value and recognize fair value changes in net income each reporting period. source: https://www.cryptopolitan.com/fasb-adopts-new-crypto-accounting-standard/