ChainCatcher news, according to Bloomberg, the Financial Accounting Standards Board (FASB) announced the first accounting rules for cryptocurrencies on Wednesday, requiring companies to measure their held cryptocurrencies at fair value. The new rules will take effect in 2025 but allow for early adoption.This rule change means that companies like MicroStrategy, Tesla, and Block will be able to record the peak and trough values of their cryptocurrency holdings. Under the new regulations, companies holding cryptocurrencies such as Bitcoin or Ethereum will need to record these tokens at fair value, which is the latest market value. Changes in fair value will be directly reflected in net income.