According to CoinDesk, a change in how US companies account for cryptocurrencies they own could make businesses more willing to buy them. Currently, accounting rules only allow companies to record increases in the value of their digital assets when they sell them, while losses are reflected at least once a year. However, the Financial Accounting Standards Board (FASB) voted on Wednesday to allow companies to use fair-value accounting, enabling them to show gains and losses immediately on their income statements. Analysts at Stifel believe this decision is a significant development, as it could lead to increased receptiveness towards holding digital assets on the books for US-based companies. MicroStrategy Executive Chairman Michael Saylor also supports the rule update, stating that it "eliminates a major impediment to corporate adoption of bitcoin as a treasury asset." FASB is expected to formally approve the final language later this year, and companies will be required to switch over beginning with the calendar year 2025.