The intangible asset classification (like goodwill) raises the question whether any (all?) digital money would be classed as intangible wouldn't it?
FASB and IFRS are standards not law. More error from the fledgling Legal Beagle.
You, sir, are in over your head on this topic. Allow me to shut you down:
(1) The SEC is an administrative agency.
(2) SEC makes administrative law, which is a very important part of the legal spectrum
(3) The SEC requires certain entities to use GAAP (Generally Accepted Accounting Principals) in their financial reporting
(4) GAAP contains Goodwill reporting requirements
(4.1) Incidentally, FASB is responsible for establishing GAAP.
But keep it up with the creative nicknames. Really effective logic there.