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What the Landmark Digital Assets Report Means for Financial Reporting and Accounting

The landmark report by the Presidential Working Group on Digital Assets Markets (PWG), titled “Strengthening American Leadership in Digital Financial Technology,” has significant ramifications for companies operating within the digital asset space.

Most notably, the following are key financial reporting and accounting takeaways that companies in the digital asset space should consider in relation to  the landmark report on digital assets from the Trump Administration:

Regulatory Clarity and Classification of Digital Assets

According to the report, digital assets would be classified into one of three tiers:

• Security Tokens (i.e., tokenized equity, securities, or investment contracts)
• Commodity Tokens (i.e., Bitcoin and Ether)
• Tokens for Commercial and Consumer Use (i.e., NFTs for identity or access to goods, services, or privileges)

From a financial reporting standpoint, this classification affects:

• Accounting treatment (related to fair value or amortized cost less impairment)
• Disclosure requirements (particularly for security tokens under the Securities Act of 1933)
• Regulatory compliance (e.g., SEC registration for brokers and dealers handling security tokens)

Additionally, companies should ensure their accounting policies align with the asset’s classification within these tiers and prepare for tailored disclosure and custody rules that may emerge from future SEC and CFTC policies.

How Centri Can Help

With the release of PWG’s landmark report, Centri is ready to support companies navigating the evolving digital asset landscape. Our Digital Assets experts can assist organizations in properly classifying digital assets, aligning accounting policies with SEC and CFTC expectations, and preparing for enhanced disclosure and custody requirements. Our tailored advisory services ensure companies remain compliant while improving transparency, operational efficiency, and investor confidence. Contact us to learn how we can help your company succeed.

Mike Andrusko

Partner | Fintech and Digital Assets Practice Leader | CPA

Michael is a Partner at Centri Business Consulting and the leader of the firm’s Fintech and Digital Asset Practices. He has more than 13 years of experience in the accounting treatment of various transactions, including complex debt and equity analysis, business combinations and acquisition accounting process integration. View Mike Andrusko's Full Bio