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In our comment letter, we commend the FASB for its thoughtful approach in determining which financial reporting topics to add to its future agenda. We believe the FASB now has an opportunity to evaluate its strategic direction and recommend that it focus its efforts on (1) addressing emerging and interpretive issues with targeted standard-setting projects, (2) prioritizing maintenance of and improvements to existing US GAAP and (3) monitoring the evolving regulatory environment for crypto assets.