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2025 Crypto Policy Update (D0-E2509464)

54:59 Minutes
On demand - Video

On Demand - Video

This event is part of MembershipLearn more

OVERVIEW

If you missed the NJCPA’s 2025 Crypto Policy Update, you can watch a replay. The content is accurate as of the original date presented, 9/18/25. There is no CPE for this on-demand replay.

DESIGNED FOR

CPAs and accounting professionals

BENEFITS

  • Navigate the rapidly evolving digital asset landscape.
  • Gain practical insights and actionable strategies for complying with regulatory changes.

HIGHLIGHTS

The session will cover new cryptocurrency-related regulations, including the following:
  • New IRS reporting via Form 1099-DA (effective Jan. 1, 2025): Crypto exchanges and brokers are now required to report gross proceeds from digital asset sales on Form 1099-DA for tax year 2025. In 2026, cost basis will also be included.
  • Wallet-by-wallet cost basis accounting mandate: Beginning in 2025, the IRS has eliminated the universal (pooled) cost-basis method. Taxpayers must now calculate cost basis separately for each wallet—making recordkeeping more granular and critical.
  • New FASB guidance on fair value accounting for crypto assets: Starting in 2025, entities holding certain crypto assets must measure them at fair value each reporting period, with changes recognized in net income. This replaces the historical cost and impairment model, aligning reporting with market volatility.
  • Establishment of a U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile: In March 2025, an executive order created a Strategic Bitcoin Reserve and a broader Digital Asset Stockpile within the U.S. Treasury — sourced from forfeited assets — as part of a federal digital-asset strategy.
  • Enactment of the GENIUS Act regulating stablecoins: The GENIUS Act, signed into law July 18, 2025, is the U.S.’s first comprehensive legislation for stablecoins. It mandates stablecoins be backed 1:1 by U.S. dollars or similarly low-risk assets and introduces dual federal and state oversight frameworks.

COURSE LEVEL

Basic

INSTRUCTORS

Roosevelt Bowman

Roosevelt D. Bowman
(4.6)

SVP, Senior Investment Strategist

AB Bernstein

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Christopher Emigholz

Christopher Emigholz
(4.6)

Chief Government Affairs Officer

NJBIA

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PRICING

$0.00 - Member*

$39.00 - Nonmember

* This event is part of Membership+, an exclusive benefit of NJCPA membership.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

NJCPA Education Foundation, Inc.

AREAS OF INTEREST

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