LONG-AWAITED BITCOIN ACCOUNTING RULES TO CAPTURE RISES, DIPS

Summary from the TLDR Crypto newsletter

The U.S. Financial Accounting Standards Board has ruled that companies holding cryptocurrencies will need to start marking their crypto assets to market in 2025. This approach provides a more accurate reflection of the current values of their holdings compared to the existing method of recording historical purchase prices. These standards will not apply to NFTs, stablecoins, or wrapped tokens. Despite potential increased earnings volatility, the decision was hailed as a step forward in mainstream crypto adoption.