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PwC Ramps Up Crypto Push as US Rules Grow Clearer

Key Takeaways

  • PwC plans to expand its crypto services as US regulators move toward clearer rules and stronger oversight of digital assets;
  • CEO Paul Griggs said new leadership at agencies like the SEC and laws such as the GENIUS Act encouraged PwC’s renewed crypto focus;
  • PwC now offers crypto accounting, cybersecurity, and compliance services, with rising demand from banks, exchanges, and regulators.

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PwC Ramps Up Crypto Push as US Rules Grow Clearer

PricewaterhouseCoopers (PwC) has decided to grow its cryptocurrency services following signs of clearer regulations in the United States.

Chief Executive Officer Paul Griggs said the decision came after new leadership at financial regulators and progress on laws covering stablecoins.

In an interview with the Financial Times, Griggs explained that changes at agencies such as the US Securities and Exchange Commission (SEC) and new legislation, such as the GENIUS Act, encouraged PwC to reenter the digital asset market.

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He said the developments were giving companies more confidence to explore stablecoins and other blockchain-based products.

PwC, one of the “Big Four” accounting and consulting firms, reported global revenues of $56.9 billion as of October. The company offers several crypto-related services, including accounting, cybersecurity, wallet management, and compliance and regulatory advice.

According to PwC, its clients include cryptocurrency exchanges, traditional banks looking to enter the market, and government agencies such as central banks and regulators.

Griggs said PwC has been expanding in the crypto industry for over a year. He said, “We are never going to lean into a business that we haven’t equipped ourselves to deliver".

He noted that the firm’s crypto work covers both audit and consulting projects and that demand continues to grow.

Recently, Klarna partnered with Coinbase $2.06B to access institutional USDC USDC $1.00 financing, which expands its short-term funding options through stablecoin. What did the company say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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