FASB Holds November 19 Meeting

At its November 19, 2025, meeting, the FASB decided to add to its technical agenda a project on accounting for crypto asset transfers. The project will focus on two issues: (1) “[e]xpanding the scope of Subtopic 350-60, Intangibles — Goodwill and Other — Crypto Assets, to address wrapped tokens and receipt tokens” and (2) “[c]larifying the derecognition guidance for crypto transfer arrangements to assess whether the control of a crypto asset has been transferred.”

The Board also decided to remove the digital assets project from its research agenda given that it has already added to its technical agenda projects on classifying certain digital assets as cash equivalents and accounting for crypto asset transfers.

For more information, see the tentative Board decisions on the FASB’s Web site.