NORWALK, Conn. — The Financial Accounting Standards Board has placed two digital-asset topics among the first issues on its agenda for 2026, moves that could lead to new accounting standards, according to a new report.
The board plans to consider whether certain digital assets should qualify as cash equivalents and how companies should account for transfers of digital assets, the Wall Street Journal said, adding those issues are among more than 70 potential topics under review by the standard-setting body, but were among the first added to its agenda.
In an Oct. 30 update, FASB said its chair added a project on digital assets to the board’s agenda on Aug. 13. The board later added a technical project to clarify whether some digital assets may be classified as cash equivalents, with initial deliberations expected at a future meeting.
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Separately, the accounting for transfers of digital assets was added to FASB’s research agenda in August, according to a Nov. 20 update. The board moved that topic to its technical agenda on Nov. 19, saying the project would address issues involving wrapped tokens and receipt tokens, as well as clarify derecognition guidance to determine when control of a crypto asset has been transferred.
FASB said both projects were added in response to feedback received through its annual agenda consultation and recommendations included in a report issued by the President’s Working Group on Digital Asset Markets.
FASB Chair Rich Jones told the Journal he welcomed the working group’s approach to the issue. “I am certainly happy that they thought that the way to resolve accounting issues was to recommend them to the FASB for consideration,” Jones said.
