Crypto is not just a weird side asset anymore. Companies are holding digital assets on real balance sheets, and the old accounting buckets were not built for something that trades all day, moves through wallets, and sometimes acts like money, inventory, software, or a claim on something else.
That is why FASB created ASC 350-60. For certain crypto assets, companies now measure them at fair value each reporting period. Simple version: if the price goes up or down, the gain or loss hits earnings. That replaces the old one-way pain rule where companies booked losses but did not book gains.
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