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FASB Proposes Rules for Stablecoins on Cash Flow Statements
The accounting standards body targets how stablecoins are classified on cash flow statements, with comments due Nov. 19.
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The Financial Accounting Standards Board wants to clarify how stablecoins and similar digital assets fit on cash flow statements. Comments are due November 19.
FASB published a proposed Accounting Standards Update on August 18, 2026, that targets Topic 230, the section of US accounting law governing cash flow statements. The update zeroes in on when digital assets qualify as cash equivalents.
The 90-day public comment window runs through November 19. Corporate treasurers, auditors, crypto firms, and others with an interest can weigh in before finalization.
FASB is not rewriting the definition of cash equivalents. It keeps the existing definition as-is and adds illustrative examples that show how to apply it to digital assets like stablecoins.
Beyond the examples, the proposal introduces mandatory enhanced disclosures. Any entity reporting cash equivalents, not just crypto-native firms, would need to break out significant classes and amounts of those equivalents. Companies presenting digital assets as cash equivalents face additional scrutiny.
Classification changes follow a modified prospective basis, meaning companies apply the new guidance going forward rather than restating prior years. Disclosure amendments are similarly prospective.