Stablecoin

The American Institute of CPAs updated a practice aid on auditing stablecoins and cryptomining revenue, and asked the IRS to speed up name and address changes.

The Financial Accounting Standards Board issued a proposed ASU to clarify how the definition of cash equivalents applies to digital assets such as stablecoins.

The Treasury Department issued a notice of proposed rulemaking on implementing a section of the GENIUS Act on who can sell digital assets pegged to a fiat currency like the U.S. dollar.

After years of promises, stablecoin issuer Tether said it has received a full independent audit of its financial statements for the first time.

Crypto assets do not clearly meet the definitions of cash, financial instruments or inventory under GAAP, leaving preparers uncertain.

The Senate Banking Committee advanced a landmark digital asset market structure bill after months of negotiations, signaling fresh momentum for the measure.

The Financial Accounting Standards Board met to discuss accounting for transfers of crypto assets and disclosures around digital assets such as stablecoins.

New reporting rules around stablecoins are coming thick and fast; in this episode, two experts from the AICPA discuss the new rules and what they mean for accountants and clients.

The National Taxpayers Union Foundation is asking the Internal Revenue Service to modify the proposed regs for the "no tax on tips" part of the One Big Beautiful Bill Act,

The U.S. Department of the Treasury issued a request for comment, required by the Guiding and Establishing National Innovation for US Stablecoins Act.

Under the new law, issuers with more than $50 billion in stablecoins outstanding would be required to submit audited annual financial statements.