Crypto Accounting News & Updates

Practical accounting and tax implications for US accounting firms and CFOs of the seven proposed digital asset tax bills summarised by Forvis Mazars

Senate procedural filing on the CLARITY Act sets up a September cloture vote, keeping stablecoin and market-structure accounting uncertainty alive for another month at minimum

Senate CLARITY Act delay shifts the legislative timeline to mid-September, keeping stablecoin and market-structure accounting in limbo for accounting firms and CFOs

FASB IAC raises stablecoin cash-equivalent classification threshold and disclosure concerns, with direct implications for US GAAP balance sheet treatment and CFO disclosure strategy

FASB PMAC May 2026 recap: stablecoin cash-equivalent classification, wrapped-token disclosure, and four other active standard-setting streams

Senate Banking Committee chair Tim Scott confirms a CLARITY Act floor vote before August recess, with 60-vote threshold and stablecoin licensing disputes still unresolved

Bernstein's legislative risk analysis and the accounting, valuation, and DeFi governance implications for US accounting firms and CFOs if the CLARITY Act stalls

Shrinking Senate window for the CLARITY Act raises immediate accounting and compliance planning questions for CFOs and accounting firms advising digital asset clients

CLARITY Act stall threatens crypto valuations and resets the regulatory playbook for CFOs and accounting firms managing digital asset exposure

South Korea policy report urges interim stablecoin licensing before the Digital Asset Basic Act passes, creating compliance and accounting preparation windows for firms with KR exposure

South Korea's FSC moves toward a consolidated Digital Asset Basic Act while opposition tables a bill to scrap the 2027 crypto income tax — immediate compliance and accounting implications for firms and CFOs with Korean exposure.

CZ's ASEAN crypto-passporting proposal and its compliance and licensing implications for accounting firms, auditors, and CFOs

FASB chair confirms existing interim-reporting standards largely cover any SEC semiannual shift, while flagging a new stablecoin cash-equivalents project as the bigger standard-setting watch item for CFOs and accounting firms

Banking lobby's renewed push to tighten stablecoin yield language in the CLARITY Act creates material stablecoin accounting and compliance exposure for accounting firms and CFOs ahead of a potential Senate vote before August recess.

US-UK joint stablecoin and tokenization recommendations create cross-border accounting and compliance obligations for firms and CFOs

Transatlantic regulatory alignment on stablecoins and tokenized assets creates immediate compliance, accounting, and audit preparation requirements for accounting firms and CFOs

Banking industry pushback on CLARITY Act stablecoin yield language creates regulatory uncertainty for CFOs and accounting firms managing stablecoin positions

EU MiCA revision targeting non-EU stablecoin issuers: licensing, accounting, and AML implications for accounting firms and CFOs

Regulatory and accounting implications of the Bank of Korea's bank-led stablecoin push and deposit token pilots for accounting firms, auditors, and CFOs with Korean digital asset exposure

The European Commission's MiCA review consultation opens every major pillar of the framework to potential amendment, creating near-term uncertainty and compliance planning obligations for accounting firms, auditors, and CFOs with EU digital asset exposure.

EU officials are considering MiCA 2.0 revisions targeting non-EU stablecoin issuers, driven by the US GENIUS Act, with accounting and CASP compliance implications for firms and CFOs

The FCA's Mills Review signals that agentic AI and tokenized settlement infrastructure are converging fast, creating immediate governance, AML, and accounting obligations for UK firms.

The GENIUS Act is law but the US crypto market structure bill has missed its self-imposed July 4 deadline, leaving stablecoin accounting frameworks and digital asset reporting obligations without a complete regulatory foundation.