Making crypto assets less cryptic – Recent accounting developments

PwC's accounting podcast

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This episode covers the latest developments in the world of crypto assets from the current landscape to the regulatory environment to the accounting. In this episode, we discuss:

• 4:13 – An overview of the market
• 8:42 – US legislative activity related to SEC Staff Accounting Bulletin 121
• 14:30 – Use cases for crypto assets and related technology
• 19:15 – Accounting for crypto assets and recent guidance from the FASB
• 31:15 – Key disclosure requirements
• 36:07 – SEC guidance related to lending arrangements and custodians of crypto assets

For more information on this topic, read our Crypto assets guide. Additionally, follow this podcast on your favorite podcast app for more episodes.
Kevin Jackson is a partner in PwC’s Capital Markets Accounting Advisory Services practice who assists clients with complex accounting and financial reporting issues. Kevin is also a member of the AICPA's Digital Assets Working Group, which provides interpretive guidance on how to account for digital assets.
Heather Horn is the PwC National Office Sustainability & Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [e-mail].

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1. Making crypto assets less cryptic – Recent accounting developments (00:00:00)

2. An overview of the market (00:04:13)

3. US legislative activity related to SEC Staff Accounting Bulletin 121 (00:08:42)

4. Use cases for crypto assets and related technology (00:14:30)

5. Accounting for crypto assets and recent guidance from the FASB (00:19:15)

6. Key disclosure requirements (00:31:15)

7. SEC guidance related to lending arrangements and custodians of crypto assets (00:36:07)