The U.S. Financial Accounting Standards Board plans to study in 2026 whether crypto assets such as stablecoins can be classified as cash equivalents.

The FASB recently included these two crypto projects on its agenda, primarily targeting the accounting treatment of assets such as fiat-pegged stablecoins and "wrapped tokens." Previously, in 2023, the FASB required companies to use fair value accounting for crypto assets such as Bitcoin, but this did not cover NFTs and some stablecoins.

The GENIUS Act, passed by the Trump administration, established a regulatory framework for stablecoins but did not specify whether they could be considered cash equivalents. FASB Chairman Rich Jones stated that clarifying which assets do not meet the criteria for cash equivalents is equally important.

In addition, the FASB plans to explore accounting rules for the transfer of crypto assets to fill gaps in existing standards. Although only a few companies (such as Tesla and Block) currently hold Bitcoin on their balance sheets, demand for stablecoins is expected to increase with the implementation of the GENIUS Act.

These moves demonstrate that the United States is attempting to support the crypto industry by improving accounting standards, while responding to feedback from the industry and the public. The FASB is expected to finalize its agenda priorities by the summer of 2026.