Corporate Crypto Exposure Has Quietly Become Practical – Procopio
Until recently, most public-company boards could dismiss corporate crypto exposure as too volatile, too complex, or too murky under U.S. accounting rules. That’s no longer true. Over the past year, regulators and standard-setters have quietly made crypto ownership far more workable for balance sheets governed by generally accepted accounting principles (GAAP). The Financial Accounting Standards Board (FASB) now requires most qualifying digital assets to be marked to fair value through earnings, the U.S. Securities and Exchange Commission (SEC) has modernized its guidance on safeguarding obligations, and U.S.-listed spot Bitcoin and Ether exchange-traded funds (ETFs) are trading with the same operational ease as any other fund.
This…
