SEC, FASB advance separate crypto proposals as Clarity Act stalls - CFO Dive

While efforts to pass comprehensive crypto market structure legislation, such as the Clarity Act, remain stalled in Congress, regulatory and standard-setting bodies are moving forward on their own. The SEC and the Financial Accounting Standards Board (FASB) are each advancing separate proposals that address distinct aspects of digital assets. This split-track approach suggests that even without a single overarching legal framework, agencies are prepared to issue more targeted guidance.

For chief financial officers and corporate treasurers, the parallel developments are significant. FASB’s work is focused on how companies should measure and report crypto holdings — potentially moving away from the current impairment model toward fair-value treatment. Meanwhile, SEC proposals likely address disclosure or custody-related expectations for market participants. Together, they signal a maturing compliance landscape for digital assets, independent of legislative timelines.

What to watch is how these proposals converge with existing rules and whether they influence one another during the comment period. The Clarity Act’s stall does not mean regulatory inertia; rather, it shows that accounting and securities oversight are evolving at their own institutional pace. No guidance on trading positions is implied here — simply a note that formal standards are steadily taking shape.