On June 25, industry experts said that Coinbase could face regulatory challenges in complying with new U.S. Financial Accounting Standards Board (FASB) accounting standards. It is reported that the standard changes the accounting and disclosure of cryptocurrencies from a low-cost impairment model to a fair value model. The rules were agreed by the FASB in 2023 and will go into effect in 2025. However, companies are allowed to adopt the standards early, and some, including Coinbase, already follow them. The new standard aims to provide more accurate valuations of digital assets by capturing the latest value of digital assets rather than treating them as intangible assets, which has been standard practice.