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FASB Votes to Review Accounting Rules for Crypto on Balance Sheets: Saylor

The Financial Accounting Standards Board (FASB) has unanimously voted to review accounting rules for exchange-traded digital assets in the United States. This could have major implications for corporations seeking a regulatory pathway for better managing cryptocurrencies on their balance sheets.
Celebration Among Bitcoiners
Microstrategy CEO Michael Saylor claimed the result of the vote was 7-0 over Twitter on Wednesday. Though the official result is yet to be posted by the board itself, the FASB’s website shows that a discussion for digital asset accounting was indeed scheduled for May 11th. The discussion itself was live-streamed this morning, but archival footage of the meeting hasn’t been uploaded.
Saylor offered congratulations to the Bitcoin community for the result. He and many Bitcoiners expect that it could lead to a more welcoming accounting framework for institutional Bitcoin investment.
“This is amazing,” responded Dan Held,  director of progress advertising at Kra

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