FASB didn’t title particular crypto property that might be excluded from the rule. However it mentioned the digital property addressed by the rule would come with these which might be intangible, don’t carry contractual rights to money flows or possession of products and companies, and people which might be fungible, in accordance with the Journal. NFTs are by their very nature non-fungible and should carry rights to underlying property, whereas some stablecoins are tangible property.
