The Financial Times: PwC is stepping up its expansion in the cryptocurrency sector
According to the Financial Times, as the U.S. government embraces digital assets, PwC—one of the “Big Four” accounting firms—has decided to increase its investment in the sector after years of caution regarding cryptocurrencies.Paul Griggs, head of PwC in the U.S., said in an interview that this strategic shift occurred last year against the backdrop of the U.S. appointing crypto-friendly regulators and Congress passing several new laws regulating digital assets, such as stablecoins.Griggs said, “The Genius Act and regulatory guidelines surrounding stablecoins will, I believe, boost market confidence in this product and asset class.Asset tokenization will inevitably continue to evolve, and PwC must be part of this ecosystem.” His remarks underscore how a series of moves by the Donald Trump administration on cryptocurrency policy has finally convinced blue-chip companies that they can truly enter this long-shunned digital asset market.
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