FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst
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The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued companies holding digital assets, according to analysts from Berenberg Capital.
On Sept. 6, the U.S. Financial Accounting Standards Board (FASB)
According to Berenberg’s note, MicroStrategy CEO Michael Saylor once said that the primary reason more firms have not adopted a BTC investment strategy is because of the FASB’s “hostile” and “punitive” treatment of crypto. He continued to state that the change is a positive outcome:
“A change in the accounting treatment would be a significant positive catalyst for the price of Bitcoin, as it would spur adoption by tech companies.”
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