Wu Blockchain (@WuBlockchain): The U.S. SEC has issued stopgap accounting guidance, allowing certain fully backed, redeemable USD stablecoins to be classified as cash equivalents, o…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
The U.S. SEC has issued stopgap accounting guidance, allowing certain fully backed, redeemable USD stablecoins to be classified as cash equivalents, offering interim clarity while broader rules are developed. https://news.bloombergtax.com/financial-accounting/crypto-friendly-sec-offers-stopgap-stablecoin-accounting-clarity