According to Cointelegraph, the U.S. Financial Accounting Standards Board (FASB) unanimously approved fair value accounting rules for corporate cryptocurrency holdings. The new rules will take effect in 2025. FASB is the U.S. agency responsible for developing accounting and reporting standards for organizations that follow U.S. Generally Accepted Accounting Principles (GAAP). The new accounting method will increase earnings volatility for companies that hold large amounts of cryptocurrencies, but allow them to record financial gains from rising cryptocurrency prices. To accommodate these changes, cryptocurrencies will become an item under "intangible assets" in financial accounts.