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PWC Leans Into Cryptocurrency After Trump‑era Policy Shift

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bitcoin.com
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2 months ago
AI summarizes in 5 seconds.

Paul Griggs, U.S. senior partner of Pricewaterhousecoopers (PWC), told the Financial Times that the firm is “leaning in” to cryptocurrency work after years of caution, citing the Trump administration’s embrace of digital assets and new legislation such as the Genius Act. The shift follows the appointment of crypto‑friendly regulators and the passage of stablecoin rules, prompting PWC to broaden audit, consulting and tax services for crypto clients.

Griggs added, “The Genius Act and the regulatory rulemaking around stablecoin I expect will create more conviction around leaning into that product and that asset class.” PWC will now pitch stablecoin‑based payment efficiencies and expand its crypto‑focused talent pool, offering services where permitted by U.S. law and aligned with evolving regulatory guidance.

• What change did PWC announce? PWC is expanding audit, consulting and tax services for cryptocurrency and stablecoin clients in the United States.
• When was the announcement made? The shift was disclosed in a 2024 interview with the Financial Times.
• Where will PWC’s new crypto services be available? Services will be offered to U.S. clients, subject to applicable federal and state regulations.
• Why is the move significant for the industry? It reflects a broader acceptance of digital assets by major accounting firms following recent pro‑ crypto U.S. policies.

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