The Board has tentatively decided to amend ASC 350-60’s disclosure requirements, as follows:

• Illustrate that wrapped, and presumably receipt, tokens would be disclosed separately, if significant, from other crypto asset holdings;
• Illustrate disaggregation of significant crypto asset holdings to include assets that would be brought into the scope of ASC 350-60 by the Board’s crypto asset transfer decisions (e.g. encumbered crypto assets);
• Clarify that the ASC 350-60 disclosures should capture transfer restrictions related to staked tokens, wrapped tokens and loaned or otherwise encumbered crypto intangible assets; and
• Expand the existing rollforward disclosure examples to illustrate the effects of crypto intangible asset transfers,…