The US Accounting Standards Board plans to explore classifying some stablecoins as “cash equivalents” in 2026

According to Foresight News, according to the Wall Street Journal, the U.S. Accounting Standards Board (FASB) plans to explore whether some stablecoins qualify as “cash equivalents” in 2026 and study how to account for crypto asset transfers (including Wrapped Tokens). The move comes amid the Trump administration's push for encryption policy and the passage of the Genius Act.

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

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