PwC: U.S. Regulatory Shift Towards Clarity, Expanding Cryptocurrency Business Footprint

BlockBeats News, January 5th, PricewaterhouseCoopers (PwC) CEO Paul Griggs stated that as the US crypto regulatory environment becomes clearer, the company has decided to expand its cryptocurrency and digital asset-related business. In an interview with the Financial Times, he pointed out that the new leadership of US regulatory agencies, as well as the advancement of the GENIUS Act (stablecoin-related legislation), were key factors prompting PwC to change its stance.

Griggs stated that legislation and regulatory rules around stablecoins will enhance market confidence, and the trend of asset tokenization will continue to develop, so "PwC must be part of this ecosystem."

As one of the global "Big Four" accounting firms, PwC currently lists on its official website cryptocurrency-related services covering auditing, accounting, cybersecurity, wallet management, and compliance and regulatory consulting, with clients including cryptocurrency exchanges, traditional financial institutions seeking to enter the crypto space, as well as governments, central banks, and regulatory agencies.

Griggs revealed that over the past 10-12 months, PwC has continued to increase its resource investment in the digital asset field, "whether it's auditing or consulting, we have almost a full layout in the crypto space and we see more and more business opportunities."

Currently, the Big Four accounting firms have all fully entered the crypto industry:

Deloitte provides blockchain strategic and consulting services;
Ernst & Young (EY) covers crypto strategic and tax support;
KPMG offers crypto auditing, cybersecurity, and consulting services.

The market believes that the collective efforts of the Big Four reflect that against the backdrop of a warming regulatory environment in the US, crypto assets are further being embraced by the mainstream professional services system.