Browsing: Accounting

Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings…

The SEC published a new Staff Accounting Bulletin revoking SAB 121, rules that governed how financial firms should hold crypto…

The U.S. Securities and Exchange Commission published a new Staff Accounting Bulletin Thursday withdrawing its controversial SAB 121.SAB 121 directed…

As of today, the Financial Accounting Standards Board will put its Fair Value accounting rules on BTC and other eligible…

“Because Prager’s audits of FTX were conducted without due care, for example, FTX investors lacked crucial protections when making their…

“When you’re sitting at a board meeting and the CEO says, ‘I’ve got this idea we should tokenize assets, or…

“SAB 121 effectively precludes regulated banking organizations from offering digital asset custody at scale since it treats the assets as…

“SAB 121 is non-binding staff guidance that, if followed, enhances important disclosure to investors in firms that safeguard crypto assets…

Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto…