according to The Wall Street Journal, the Financial Accounting Standards Board (FASB) plans to explore in 2026 whether certain stablecoins qualify as "cash equivalents" and study how to account for crypto asset transfers (including Wrapped Tokens). This move comes in the context of the Trump administration promoting crypto policies and the passage of the Genius Act.

FASB Chairman Rich Jones stated that the agency has placed these crypto projects on the agenda. Previously, in 2023, FASB required companies to use fair value accounting for crypto assets such as Ethereum and Bitcoin, but the rule at that time excluded NFTs and certain stablecoins.