The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
The release of the report had an immediate impact, causing both Bitcoin (BTC) and Binance's BNB token prices to plummet.
The trading platform has recently removed three tokens from its listing due to their classification as securities in the SEC's lawsuit against Coinbase and Binance.
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