AI Evaluation Notes

The new FASB accounting standards for crypto assets (ASU 2023-08) were issued in December 2023. However, their effective date for most entities is for fiscal years beginning after December 15, 2024, meaning the mandatory impact and subsequent 'boost' to corporate crypto holdings would primarily occur in 2025, not 2024. While some companies may have adopted the standards early in 2024, the widespread boost attributed to these new standards would not have fully materialized within the predicted timeframe of 2024.