Regulatory clarity and the future of digital assets

Some regulatory definitions around digital assets have emerged, but much more is to come

May 08, 2023

Jay Schulman, RSM principal and blockchain and digital assets leader, explains that regulatory clarity continues to evolve in the digital assets ecosystem. Through the Financial Accounting Standards Board and the U.S. Securities and Exchange Commission’s Staff Accounting Bulletin No. 121, some clarity has emerged and we expect more over the next five to 10 years as adoption increases.

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Driving a sustainable digital assets strategy

The digital assets space looks vastly different today than it did just a few years ago. Digitally native companies that hold custody of digital assets or have platforms for the trading of such assets—whether cryptocurrencies such as bitcoin and ethereum, non-fungible tokens, stablecoins, or security tokens—need to be able to adapt their vision and strategy as the landscape changes.

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