# FASB prepares proposal on digital assets as cash equivalents

> FASB completed initial deliberations and directed staff to draft a proposed Accounting Standards Update clarifying when certain digital assets may be classified as cash equivalents and adding related disclosures and illustrative examples.

- URL: https://riadefi.com/regulation/2026-04-15-fasb-digital-assets-cash-equivalents-project/
- Posture: Proposal · not in effect
- Authorities: Financial Accounting Standards Board
- Event date: 2026-04-15
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: no

This entry records a proposal. It does not change the law unless it is adopted.

## What changed

FASB completed initial deliberations and directed staff to draft a proposed Accounting Standards Update clarifying when certain digital assets may be classified as cash equivalents and adding related disclosures and illustrative examples.

## Who it affects

- Entities holding stablecoins or similar digital assets
- accountants
- auditors
- investment advisers evaluating liquidity and financial statements

## What is still open

- Exposure-draft wording, which assets will qualify, comment feedback, final requirements, transition, and effective date

## What it means for an advisor

- Keep stablecoin and digital-asset liquidity classifications under review and distinguish tentative FASB decisions from current GAAP.

## Sources

1. [FASB prepares proposal on digital assets as cash equivalents](https://storage.fasb.org/Crypto2S-Minutes-20260415.pdf) · Financial Accounting Standards Board · 2026-04-15


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.