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US accounting standard setter described in the source as the body whose rules every American public company follows; made the tentative April 15 stablecoin cash-equivalent decision.
No evidence-backed relationships are recorded.
The August 24 letter to Deloitte, EY, KPMG and PwC copies the SEC's chairman and its enforcement director. Two authors who come at climate policy from opposite directions say its independence theory refutes its own benchmark.
Reality
The board leaves the cash-equivalents definition untouched and adds illustrative examples instead, which turns an auditor's judgment call into something a controller can point at.
Reality
The board left the definition of a cash equivalent alone and wrote tests instead. The one mandatory piece of the proposal lands on filers that hold no tokens at all.
Reality
A tentative April 15 decision adds illustrative guidance to ASC 230 rather than a new category. Treasurers get liquidity-ratio credit; issuers now compete on passing the existing test.
Perspective Coverage
3 publishersReality
Hillary Salo takes the FASB chair on July 1, 2027 through June 2034. She is the insider who helped build the current agenda, which tells reporting teams what to budget for.
Reality