PwC Ramps Up Crypto Focus Amid US Regulatory Changes: Report

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One of the world’s major accounting firms, PwC, is taking steps to deepen its involvement in the cryptocurrency sector, moving away from its previously cautious position.

In a report by the Financial Times, PwC’s US Senior Partner and CEO Paul Griggs stated the firm has chosen to actively pursue crypto-related business. He attributed this shift to legislative progress like the GENIUS Act for stablecoins and a broader pro-digital asset trend among US regulators.

Griggs told the FT that this regulatory clarity fosters greater conviction in the asset class. He added that the ongoing evolution of tokenization makes participation essential, noting, “PwC has to be in that ecosystem.”

Previously, under a more skeptical regulatory environment marked by enforcement actions, PwC maintained significant distance from the crypto industry. The FT report links this caution to the pre-reelection climate for Donald Trump.

Now, Griggs says PwC is committed to being “hyper-engaged,” expanding both audit and consulting services for crypto clients. The firm advises on uses like stablecoins for efficient payments and has reinforced its internal expertise, including rehiring digital asset specialist Cheryl Lesnik as a partner. PwC already audits clients like Bitcoin miner MARA Holdings.