#稳定币监管 FASB includes stablecoins in its 2026 work plan, with key issues emerging: the boundaries of the definition of cash equivalents.

Look at this logical chain: The 《Genius Act》 provides the regulatory framework, but gray areas in accounting standards still exist. Can stablecoins be considered cash equivalents? When should assets disappear from the books? How to classify cross-chain tokens? These seemingly technical issues directly impact the comparability of corporate financial reports and investors' risk assessments.

The core observation is that FASB Chairman's statement "tells people what doesn't meet standards and what does—both are equally important"—in other words, current GAAP remains ambiguous in the crypto asset space. The 2023 Bitcoin accounting rules only fill part of the gaps; NFTs and certain stablecoins are still blank spots. When the 《Genius Act》 truly takes effect in 2027 and stablecoin volatility is regulated, market demand for them as cash substitutes will rise, and standardized financial disclosures will become a necessity.

From an on-chain perspective, this means that the logic for institutional allocation of stablecoins will become clearer. If stablecoins are ultimately officially recognized as cash equivalents, large transfer and storage strategies may change—this is worth monitoring.