The U.S. Accounting Standards Board will explore whether certain stablecoins qualify as "cash equivalents."

BlockBeats News, December 31st, according to The Wall Street Journal, the Financial Accounting Standards Board (FASB) plans to explore in 2026 whether certain stablecoins qualify as "cash equivalents" and study how to account for cryptocurrency transactions (including Wrapped Tokens). This comes amid the Trump administration's push for crypto policies and the passage of the GENIUS Act for U.S. stablecoin innovation.

FASB Chairman Rich Jones stated that these crypto projects have been added to the agenda. Earlier, FASB required businesses to account for cryptocurrencies like Ethereum and Bitcoin at fair value in 2023, but that rule excluded NFTs and certain stablecoins at that time.