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Monday, September 29, 2025 Webcast Replay

2025 Crypto Policy Update (E2509464)

2:00 PM - 3:00 PM EDT
Replay

ON24

1 CPE Credits in SK
This event is part of MembershipLearn more

OVERVIEW

Learn about the year’s most critical tax, GAAP and regulatory changes related to cryptocurrency, equipping you with the knowledge to advise clients or your company confidently and ensure compliance.

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

Update

INSTRUCTOR

Sean Stein Smith

Sean D. Stein Smith, CPA, CFE, CGMA, CMA, DBA
(4.7)

Assistant Professor

Lehman College

Read bio

PRICING

$0.00 - Member*

$0.00 - Member*

$88.00 - Nonmember

$88.00 - Nonmember

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

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Note: Online pre-registration will close on September 29 at 2:00 PM.

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COURSE DEVELOPER

NJCPA Education Foundation, Inc.

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