There are different approaches to this and there are trade offs among them. Would be happy to follow up with you or your staff on those trade offs and different approaches. One last question here. Brokers and dealers of securities and commodities can use the current mark to market accounting method. No current option is generally available for brokers or dealers of digital assets. That's why the PAR act aims to provide parity between digital assets and other traditional assets by allowing digital asset dealers and traders to utilize mark to market accounting. (04:46–04:55)
CLAIM
Asserts that brokers and dealers of digital assets currently lack the option to use mark to market accounting, unlike those dealing in securities and commodities.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
