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220 sats \ 0 replies \ @kr 13 Oct 2022
This will be a big optics win for public companies holding Bitcoin over time.
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203 sats \ 0 replies \ @siggy47 13 Oct 2022
This is a huge deal. I try not to get excited about news that I consider bullish, but this ruling just removed a major barrier for US corporations who want to keep bitcoin on their balance sheet
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505 sats \ 0 replies \ @satorin 13 Oct 2022
Indeed, reg's and the lot needs to speak the same language to keep up with the tech. Sometimes, that includes being flexible with reg, but this is positive step forward. Clarity is important.
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170 sats \ 0 replies \ @cryptocoin 13 Oct 2022
See also another post, found here on SN, where an article on this development from CoinDesk was shared:
FASB Mulls Fair-Value Accounting for Crypto Holdings: Report
#81058
https://www.coindesk.com/business/2022/10/13/fasb-mulls-fair-value-accounting-for-crypto-holdings-report [Archive]
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170 sats \ 0 replies \ @HardMoney 13 Oct 2022
Financial statements are meant to reflect the actual position and health of a company. Bitcoin is an obvious fair-value accounting treatment asset
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1 sat \ 0 replies \ @bitcointerest 13 Oct 2022
This will become a great 'orange pill' technique to use when trying to get big money into the space.
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